# EDGAR Filing Document

**Accession Number:** 0001761055
**File Stem:** 0001410368-25-010126
**Filing Date:** 2025-9
**Character Count:** 68289
**Document Hash:** 3dc0629dc51de86483a87bca12c05419
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010126.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010126

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock ETF Trust
- **CENTRAL INDEX KEY:** 0001761055

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23402
- **FILM NUMBER:** 251338581

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 8004417762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### iShares Defense Industrials Active ETF (Series ID: S000092375)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000260347 | iShares Defense Industrials Active ETF |  |

## Nport-Ex

July 31, 2025

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **BlackRock ETF Trust** |
| • iShares Defense Industrials Active ETF \| IDEF \| NASDAQ |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

July 31, 2025

**iShares Defense Industrials Active ETF**

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Common Stocks** | **Common Stocks** | **Common Stocks** |
| **Aerospace & Defense — 68.5%** | **Aerospace & Defense — 68.5%** | **Aerospace & Defense — 68.5%** |
| AAR Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1219 | $91072 |
| Aerospace Industrial Development Corp. | &nbsp;&nbsp;&nbsp; 69667 | 101749 |
| AeroVironment Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1286 | 344185 |
| Airbus SE | &nbsp;&nbsp;&nbsp; 3211 | 645588 |
| Archer Aviation Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8828 | 88545 |
| ATI Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 445 | 34238 |
| Austal Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 33979 | 142595 |
| Axon Enterprise Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 673 | 508445 |
| Babcock International Group PLC | &nbsp;&nbsp;&nbsp; 10192 | 139736 |
| BAE Systems PLC | &nbsp;&nbsp;&nbsp; 28711 | 685062 |
| Bet Shemesh Engines Holdings 1997 Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 291 | 55315 |
| Boeing Co. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3379 | 749597 |
| Bombardier Inc., Class B<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2284 | 266329 |
| BWX Technologies Inc. | &nbsp;&nbsp;&nbsp; 2155 | 327409 |
| CAE Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6875 | 196039 |
| Chemring Group PLC | &nbsp;&nbsp;&nbsp; 16171 | 117112 |
| Cohort PLC | &nbsp;&nbsp;&nbsp; 2549 | 48995 |
| Curtiss-Wright Corp. | &nbsp;&nbsp;&nbsp; 572 | 280406 |
| Dassault Aviation SA | &nbsp;&nbsp;&nbsp; 702 | 218573 |
| DroneShield Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 93191 | 222765 |
| Ducommun Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1085 | 98713 |
| Elbit Systems Ltd. | &nbsp;&nbsp;&nbsp; 626 | 292161 |
| Exosens SAS | &nbsp;&nbsp;&nbsp; 1541 | 71986 |
| General Dynamics Corp. | &nbsp;&nbsp;&nbsp; 2188 | 681803 |
| General Electric Co. | &nbsp;&nbsp;&nbsp; 4734 | 1283293 |
| Hanwha Aerospace Co. Ltd. | &nbsp;&nbsp;&nbsp; 454 | 323907 |
| Hanwha Systems Co. Ltd. | &nbsp;&nbsp;&nbsp; 3210 | 136587 |
| HEICO Corp. | &nbsp;&nbsp;&nbsp; 858 | 280394 |
| Hensoldt AG | &nbsp;&nbsp;&nbsp; 1488 | 163188 |
| Hexcel Corp. | &nbsp;&nbsp;&nbsp; 2711 | 162416 |
| Howmet Aerospace Inc. | &nbsp;&nbsp;&nbsp; 3530 | 634588 |
| Huntington Ingalls Industries Inc. | &nbsp;&nbsp;&nbsp; 1022 | 284995 |
| INVISIO AB | &nbsp;&nbsp;&nbsp; 1897 | 61465 |
| Kongsberg Gruppen ASA | &nbsp;&nbsp;&nbsp; 6718 | 200755 |
| Korea Aerospace Industries Ltd. | &nbsp;&nbsp;&nbsp; 2060 | 139504 |
| Kratos Defense & Security Solutions Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3920 | 230104 |
| L3Harris Technologies Inc. | &nbsp;&nbsp;&nbsp; 1871 | 514188 |
| Leonardo DRS Inc. | &nbsp;&nbsp;&nbsp; 4839 | 201302 |
| Leonardo SpA | &nbsp;&nbsp;&nbsp; 4903 | 264287 |
| LIG Nex1 Co. Ltd. | &nbsp;&nbsp;&nbsp; 427 | 192278 |
| Lockheed Martin Corp. | &nbsp;&nbsp;&nbsp; 1730 | 728295 |
| Melrose Industries PLC | &nbsp;&nbsp;&nbsp; 20254 | 136748 |
| Mercury Systems Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2395 | 125953 |
| Mildef Group AB | &nbsp;&nbsp;&nbsp; 2701 | 47540 |
| Moog Inc., Class A | &nbsp;&nbsp;&nbsp; 880 | 170350 |
| MTU Aero Engines AG | &nbsp;&nbsp;&nbsp; 512 | 220855 |
| National Presto Industries Inc. | &nbsp;&nbsp;&nbsp; 666 | 64236 |
| Northrop Grumman Corp. | &nbsp;&nbsp;&nbsp; 1184 | 682706 |
| QinetiQ Group PLC | &nbsp;&nbsp;&nbsp; 13927 | 91307 |
| Redwire Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5205 | 74379 |
| Rheinmetall AG | &nbsp;&nbsp;&nbsp; 250 | 494874 |
| Rocket Lab Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7321 | 336180 |
| Rolls-Royce Holdings PLC | &nbsp;&nbsp;&nbsp; 74400 | 1055957 |
| RTX Corp. | &nbsp;&nbsp;&nbsp; 8821 | 1389925 |
| Saab AB, Class B | &nbsp;&nbsp;&nbsp; 4838 | 263158 |
| Safran SA | &nbsp;&nbsp;&nbsp; 2299 | 758098 |
| Senior PLC | &nbsp;&nbsp;&nbsp; 24891 | 66402 |
| Singapore Technologies Engineering Ltd. | &nbsp;&nbsp;&nbsp; 50200 | 337709 |
| Spirit AeroSystems Holdings Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3989 | 157167 |
| Textron Inc. | &nbsp;&nbsp;&nbsp; 3110 | 241865 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** | **Aerospace & Defense (continued)** |
| Thales SA | &nbsp;&nbsp;&nbsp; 1366 | $367445 |
| TransDigm Group Inc. | &nbsp;&nbsp;&nbsp; 319 | 513099 |
| V2X Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1463 | 69317 |
| Woodward Inc. | &nbsp;&nbsp;&nbsp; 1017 | 261450 |
|  |  | 20136684 |
| **Commercial Services & Supplies — 0.8%** | **Commercial Services & Supplies — 0.8%** | **Commercial Services & Supplies — 0.8%** |
| Serco Group PLC | &nbsp;&nbsp;&nbsp; 21055 | 58016 |
| Tetra Tech Inc. | &nbsp;&nbsp;&nbsp; 3922 | 144095 |
| VSE Corp. | &nbsp;&nbsp;&nbsp; 293 | 45866 |
|  |  | 247977 |
| **Communications Equipment — 0.2%** | **Communications Equipment — 0.2%** | **Communications Equipment — 0.2%** |
| Viasat Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3257 | 53513 |
| **Construction & Engineering — 0.4%** | **Construction & Engineering — 0.4%** | **Construction & Engineering — 0.4%** |
| Fluor Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1166 | 66194 |
| Tutor Perini Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 823 | 39627 |
|  |  | 105821 |
| **Electric Utilities — 0.5%** | **Electric Utilities — 0.5%** | **Electric Utilities — 0.5%** |
| Oklo Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1843 | 141155 |
| **Electrical Equipment — 0.2%** | **Electrical Equipment — 0.2%** | **Electrical Equipment — 0.2%** |
| Allient Inc. | &nbsp;&nbsp;&nbsp; 1683 | 67842 |
| **Electronic Equipment, Instruments & Components — 2.1%** | **Electronic Equipment, Instruments & Components — 2.1%** | **Electronic Equipment, Instruments & Components — 2.1%** |
| Codan Ltd. | &nbsp;&nbsp;&nbsp; 4430 | 59230 |
| Keysight Technologies Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 926 | 151781 |
| Kitron ASA | &nbsp;&nbsp;&nbsp; 4931 | 29991 |
| Next Vision Stabilized Systems Ltd. | &nbsp;&nbsp;&nbsp; 765 | 31355 |
| OSI Systems Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 265 | 58568 |
| PCB Technologies Ltd. | &nbsp;&nbsp;&nbsp; 3528 | 12004 |
| Red Cat Holdings Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4939 | 40895 |
| Rogers Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 65 | 4263 |
| Teledyne Technologies Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 262 | 144367 |
| TTM Technologies Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1590 | 75127 |
| Unusual Machines Inc. /US<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1679 | 15514 |
|  |  | 623095 |
| **Energy Equipment & Services — 0.2%** | **Energy Equipment & Services — 0.2%** | **Energy Equipment & Services — 0.2%** |
| Oceaneering International Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2742 | 59501 |
| **Industrial Conglomerates — 2.4%** | **Industrial Conglomerates — 2.4%** | **Industrial Conglomerates — 2.4%** |
| Honeywell International Inc. | &nbsp;&nbsp;&nbsp; 3123 | 694399 |
| **IT Services — 0.6%** | **IT Services — 0.6%** | **IT Services — 0.6%** |
| ASGN Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 956 | 47934 |
| BigBear.ai Holdings Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9178 | 58280 |
| Indra Sistemas SA | &nbsp;&nbsp;&nbsp; 1388 | 57497 |
|  |  | 163711 |
| **Machinery — 11.4%** | **Machinery — 11.4%** | **Machinery — 11.4%** |
| Crane Co. | &nbsp;&nbsp;&nbsp; 1172 | 229442 |
| CSBC Corp. Taiwan<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 145000 | 78189 |
| ESCO Technologies Inc. | &nbsp;&nbsp;&nbsp; 144 | 27893 |
| Fincantieri SpA<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8363 | 161844 |
| Graham Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 195 | 11144 |
| Hanjin Heavy Industries & Construction Co. Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3330 | 21314 |
| Hanwha Ocean Co. Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1957 | 157320 |
| HD Hyundai Heavy Industries Co. Ltd. | &nbsp;&nbsp;&nbsp; 459 | 161090 |
| HD Korea Shipbuilding & Offshore Engineering Co. Ltd. | &nbsp;&nbsp;&nbsp; 447 | 114871 |
| Hyundai Rotem Co. Ltd. | &nbsp;&nbsp;&nbsp; 1366 | 197467 |
| IHI Corp. | &nbsp;&nbsp;&nbsp; 3600 | 400884 |
| ITT Inc. | &nbsp;&nbsp;&nbsp; 625 | 106225 |
| Kawasaki Heavy Industries Ltd. | &nbsp;&nbsp;&nbsp; 4200 | 306739 |
| Lungteh Shipbuilding Co. Ltd. | &nbsp;&nbsp;&nbsp; 18000 | 61077 |

---

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares Defense Industrials Active ETF**

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| Mitsubishi Heavy Industries Ltd. | &nbsp;&nbsp;&nbsp; 31900 | $761657 |
| Oshkosh Corp. | &nbsp;&nbsp;&nbsp; 1545 | 195489 |
| RBC Bearings Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 99 | 38347 |
| RENK Group AG | &nbsp;&nbsp;&nbsp; 1590 | 123428 |
| Samsung Heavy Industries Co. Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7866 | 107366 |
| Sumitomo Heavy Industries Ltd. | &nbsp;&nbsp;&nbsp; 4200 | 93015 |
|  |  | 3354801 |
| **Metals & Mining — 0.4%** | **Metals & Mining — 0.4%** | **Metals & Mining — 0.4%** |
| Carpenter Technology Corp. | &nbsp;&nbsp;&nbsp; 53 | 13218 |
| Materion Corp. | &nbsp;&nbsp;&nbsp; 89 | 9372 |
| MP Materials Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 319 | 19618 |
| Poongsan Corp. | &nbsp;&nbsp;&nbsp; 541 | 62399 |
|  |  | 104607 |
| **Oil, Gas & Consumable Fuels — 1.0%** | **Oil, Gas & Consumable Fuels — 1.0%** | **Oil, Gas & Consumable Fuels — 1.0%** |
| Cameco Corp. | &nbsp;&nbsp;&nbsp; 2953 | 221268 |
| Centrus Energy Corp., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 405 | 87237 |
|  |  | 308505 |
| **Professional Services — 4.1%** | **Professional Services — 4.1%** | **Professional Services — 4.1%** |
| BlackSky Technology Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3569 | 68668 |
| Booz Allen Hamilton Holding Corp., Class A | &nbsp;&nbsp;&nbsp; 1568 | 168293 |
| CACI International Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 444 | 204493 |
| KBR Inc. | &nbsp;&nbsp;&nbsp; 2306 | 107782 |
| Leidos Holdings Inc. | &nbsp;&nbsp;&nbsp; 1314 | 209780 |
| Parsons Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2547 | 188987 |
| Planet Labs PBC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 17539 | 109619 |
| Science Applications International Corp. | &nbsp;&nbsp;&nbsp; 1416 | 157856 |
|  |  | 1215478 |
| **Semiconductors & Semiconductor Equipment — 0.7%** | **Semiconductors & Semiconductor Equipment — 0.7%** | **Semiconductors & Semiconductor Equipment — 0.7%** |
| MACOM Technology Solutions Holdings Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 659 | 90375 |
| Qorvo Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 961 | 80339 |
| SkyWater Technology Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2387 | 21364 |
|  |  | 192078 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Software — 6.0%** | **Software — 6.0%** | **Software — 6.0%** |
| Allot Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2157 | $16695 |
| C3.ai Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2251 | 53033 |
| Cognyte Software Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3059 | 28326 |
| CyberArk Software Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 308 | 126733 |
| Fortinet Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2712 | 270929 |
| Palantir Technologies Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6639 | 1051286 |
| Radware Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1413 | 36173 |
| Zscaler Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 652 | 186185 |
|  |  | 1769360 |
| **Total Long-Term Investments — 99.5%** <br>**(Cost: $26,990,622)** | **Total Long-Term Investments — 99.5%** <br>**(Cost: $26,990,622)** | 29238527 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 0.5%** | **Money Market Funds — 0.5%** | **Money Market Funds — 0.5%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 4.30%<sup>(b)(c)</sup><br>| &nbsp;&nbsp;&nbsp; 130000 | 130000 |
| **Total Short-Term Securities — 0.5%** <br>**(Cost: $130,000)** | **Total Short-Term Securities — 0.5%** <br>**(Cost: $130,000)** | 130000 |
| **Total Investments — 100.0%** <br>**(Cost: $27,120,622)** | **Total Investments — 100.0%** <br>**(Cost: $27,120,622)** | 29368527 |
| **Other Assets Less Liabilities — 0.0%** | **Other Assets Less Liabilities — 0.0%** | 9916 |
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $29378443 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> Affiliate of the Fund. <br> <sup>(c)</sup> Annualized 7-day yield as of period end.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*05/19/25*<sup>(a)</sup> <br>| &nbsp;&nbsp; *Proceeds* <br>*from Sales*<br>| *Net Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*07/31/25*<br>| *Shares* <br>*Held at* <br>*07/31/25*<br>| *Income* | *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Cash Funds: Treasury, SL Agency Shares | $—<br> &nbsp;&nbsp; $130000 <br><sup>(b)</sup><br>| $— | $— | $— | $130000 | 130000 | $690 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Commencement of operations.

<sup>(b)</sup> Represents net amount purchased (sold).

**Fair Value Hierarchy as of Period End** 

Various inputs are used in determining the fair value of financial instruments at the measurement date. 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 that the Fund has the ability to access for identical assets or liabilities;

• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

------

Schedule of Investments (unaudited)(continued)

July 31, 2025

**iShares Defense Industrials Active ETF**

**Fair Value Hierarchy as of Period End (continued)**

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 that may not have a secondary market and/or may have 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.

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  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp; $18707143 | &nbsp;&nbsp; $10531384 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $29238527 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 130000 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 130000 |
|  | &nbsp;&nbsp; $18837143 | &nbsp;&nbsp; $10531384 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $29368527 |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** BlackRock ETF Trust

- **b. Investment Company Act file number:** 811-23402

- **c. CIK number of Registrant:** 0001761055

- **d. LEI of Registrant:** 5493007WBHAKV9JVS642

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 BELLEVUE PARKWAY

  - **City:** WILMINGTON

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

**Item A.2. Information about the Series.**

- **a. Name of Series:** iShares Defense Industrials Active ETF

- **b. EDGAR series identifier (if any):** S000092375

- **c. LEI of Series:** 529900OYGL1DV7CYS757

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $29390057.18

**Total Liabilities:** $11633.82

**Net Assets:** $29378423.36

**Cash Not Reported:** $13490.37

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000260347 | 3.12%                | 8.48%                | 2.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5728.47                 | $310042.68                                 |
| Month 2  | $74929.69                | $1337203.33                                |
| Month 3  | $-2830.70                | $600658.88                                 |

### Schedule of Portfolio Investments

| Name                                                | Title                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Honeywell International Inc                         | Honeywell International Inc                         | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      3123 | NS      | $694399.05    | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp                                        | Parsons Corp                                        | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |      2547 | NS      | $188987.40    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp                           | Carpenter Technology Corp                           | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |        53 | NS      | $13217.67     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                                | TTM Technologies Inc                                | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |      1590 | NS      | $75127.50     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                           | L3Harris Technologies Inc                           | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      1871 | NS      | $514188.22    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Viasat Inc                                          | Viasat Inc                                          | CUSIP: 92552V100<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | EC               | CORP              | US        |      3257 | NS      | $53512.51     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Elbit Systems Ltd                                   | Elbit Systems Ltd                                   | CUSIP: 000000000<br>LEI: 529900Q9CB1REUMZSS32 | Long             | EC               | CORP              | IL        |       626 | NS      | $292160.46    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Saab AB                                             | Saab AB                                             | CUSIP: 000000000<br>LEI: 549300ZHO4JCQQI13M69 | Long             | EC               | CORP              | SE        |      4838 | NS      | $263158.05    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Rogers Corp                                         | Rogers Corp                                         | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |        65 | NS      | $4262.70      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                           | Teledyne Technologies Inc                           | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |       262 | NS      | $144367.24    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                                             | V2X Inc                                             | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1463 | NS      | $69316.94     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer Aviation Inc                                 | Archer Aviation Inc                                 | CUSIP: 03945R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8828 | NS      | $88544.84     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Rolls-Royce Holdings PLC                            | Rolls-Royce Holdings PLC                            | CUSIP: 000000000<br>LEI: 213800EC7997ZBLZJH69 | Long             | EC               | CORP              | GB        |     74400 | NS      | $1055957.02   | 3.59%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                     | BAE Systems PLC                                     | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     28711 | NS      | $685062.14    | 2.33%             |  |  |  | No            |                  2 | On Loan: No      |
| BlackSky Technology Inc                             | BlackSky Technology Inc                             | CUSIP: 09263B207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3569 | NS      | $68667.56     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Cat Holdings Inc                                | Red Cat Holdings Inc                                | CUSIP: 75644T100<br>LEI: 5493005OGSQW28V2PY05 | Long             | EC               | CORP              | US        |      4939 | NS      | $40894.92     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                                            | VSE Corp                                            | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |       293 | NS      | $45866.22     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                                    | RBC Bearings Inc                                    | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        99 | NS      | $38346.66     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International Inc                       | Oceaneering International Inc                       | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |      2742 | NS      | $59501.40     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWater Technology Inc                             | SkyWater Technology Inc                             | CUSIP: 83089J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2387 | NS      | $21363.65     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                         | Zscaler Inc                                         | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |       652 | NS      | $186185.12    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognyte Software Ltd                                | Cognyte Software Ltd                                | CUSIP: 000000000<br>LEI: 2549006L803IRJC67B33 | Long             | EC               | CORP              | IL        |      3059 | NS      | $28326.34     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Heavy Industries Co Ltd                  | HD Hyundai Heavy Industries Co Ltd                  | CUSIP: 000000000<br>LEI: 988400CAR8W9URQLGF30 | Long             | EC               | CORP              | KR        |       459 | NS      | $161090.33    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Mildef Group AB                                     | Mildef Group AB                                     | CUSIP: 000000000<br>LEI: 9845009F7Q0D56B38270 | Long             | EC               | CORP              | SE        |      2701 | NS      | $47540.35     | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Unusual Machines Inc /US                            | Unusual Machines Inc /US                            | CUSIP: 91532F102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1679 | NS      | $15513.96     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Poongsan Corp                                       | Poongsan Corp                                       | CUSIP: 000000000<br>LEI: 2549007P08ZD5QJS1369 | Long             | EC               | CORP              | KR        |       541 | NS      | $62398.70     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc             | MACOM Technology Solutions Holdings Inc             | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       659 | NS      | $90375.26     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Kitron ASA                                          | Kitron ASA                                          | CUSIP: 000000000<br>LEI: 5967007LIEEXZXIG6009 | Long             | EC               | CORP              | NO        |      4931 | NS      | $29991.23     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Airbus SE                                           | Airbus SE                                           | CUSIP: 000000000<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | NL        |      3211 | NS      | $645587.80    | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsubishi Heavy Industries Ltd                     | Mitsubishi Heavy Industries Ltd                     | CUSIP: 000000000<br>LEI: 353800TJ98PCAZROVE69 | Long             | EC               | CORP              | JP        |     31900 | NS      | $761657.07    | 2.59%             |  |  |  | No            |                  2 | On Loan: No      |
| KBR Inc                                             | KBR Inc                                             | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |      2306 | NS      | $107782.44    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemring Group PLC                                  | Chemring Group PLC                                  | CUSIP: 000000000<br>LEI: 213800U9A54VQJ5P2J41 | Long             | EC               | CORP              | GB        |     16171 | NS      | $117111.91    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| General Dynamics Corp                               | General Dynamics Corp                               | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      2188 | NS      | $681802.68    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Heavy Industries Ltd                       | Sumitomo Heavy Industries Ltd                       | CUSIP: 000000000<br>LEI: 353800VSTEIRMBC3S374 | Long             | EC               | CORP              | JP        |      4200 | NS      | $93015.46     | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Next Vision Stabilized Systems Ltd                  | Next Vision Stabilized Systems Ltd                  | CUSIP: 000000000<br>LEI: 2549001OCAI48UYCZD40 | Long             | EC               | CORP              | IL        |       765 | NS      | $31354.70     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Qorvo Inc                                           | Qorvo Inc                                           | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |       961 | NS      | $80339.60     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Exosens SAS                                         | Exosens SAS                                         | CUSIP: 000000000<br>LEI: 969500R3AKTPEDO9EG76 | Long             | EC               | CORP              | FR        |      1541 | NS      | $71985.82     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanwha Aerospace Co Ltd                             | Hanwha Aerospace Co Ltd                             | CUSIP: 000000000<br>LEI: 9884001NSUA8FQKQWR25 | Long             | EC               | CORP              | KR        |       454 | NS      | $323907.28    | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Tetra Tech Inc                                      | Tetra Tech Inc                                      | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |      3922 | NS      | $144094.28    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bombardier Inc                                      | Bombardier Inc                                      | CUSIP: 097751861<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | EC               | CORP              | CA        |      2284 | NS      | $266329.30    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                                    | Leonardo DRS Inc                                    | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |      4839 | NS      | $201302.40    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Thales SA                                           | Thales SA                                           | CUSIP: 000000000<br>LEI: 529900FNDVTQJOVVPZ19 | Long             | EC               | CORP              | FR        |      1366 | NS      | $367445.33    | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Allient Inc                                         | Allient Inc                                         | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |      1683 | NS      | $67841.73     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                                 | Leidos Holdings Inc                                 | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |      1314 | NS      | $209780.10    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Serco Group PLC                                     | Serco Group PLC                                     | CUSIP: 000000000<br>LEI: 549300PT2CIHYN5GWJ21 | Long             | EC               | CORP              | GB        |     21055 | NS      | $58016.25     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Woodward Inc                                        | Woodward Inc                                        | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      1017 | NS      | $261450.36    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                                | Lockheed Martin Corp                                | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      1730 | NS      | $728295.40    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc                                            | Oklo Inc                                            | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1843 | NS      | $141155.37    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| C3.ai Inc                                           | C3.ai Inc                                           | CUSIP: 12468P104<br>LEI: 549300YDLK0YQO5B1V80 | Long             | EC               | CORP              | US        |      2251 | NS      | $53033.56     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PCB Technologies Ltd                                | PCB Technologies Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      3528 | NS      | $12004.38     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                                 | Axon Enterprise Inc                                 | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |       673 | NS      | $508444.77    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Rotem Co Ltd                                | Hyundai Rotem Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1366 | NS      | $197466.47    | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Lungteh Shipbuilding Co Ltd                         | Lungteh Shipbuilding Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     18000 | NS      | $61077.00     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheinmetall AG                                      | Rheinmetall AG                                      | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |       250 | NS      | $494874.01    | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Huntington Ingalls Industries Inc                   | Huntington Ingalls Industries Inc                   | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      1022 | NS      | $284994.92    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                                       | Materion Corp                                       | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |        89 | NS      | $9371.70      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bet Shemesh Engines Holdings 1997 Ltd               | Bet Shemesh Engines Holdings 1997 Ltd               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |       291 | NS      | $55315.18     | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Allot Ltd                                           | Allot Ltd                                           | CUSIP: 000000000<br>LEI: 5493008MLSB5KCVNRK06 | Long             | EC               | CORP              | IL        |      2157 | NS      | $16695.18     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co Ltd | HD Korea Shipbuilding & Offshore Engineering Co Ltd | CUSIP: 000000000<br>LEI: 988400DPTJ9KH5R6W540 | Long             | EC               | CORP              | KR        |       447 | NS      | $114871.04    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Fluor Corp                                          | Fluor Corp                                          | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |      1166 | NS      | $66193.82     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Aviation SA                                | Dassault Aviation SA                                | CUSIP: 000000000<br>LEI: 969500CVFTUT88V8QN95 | Long             | EC               | CORP              | FR        |       702 | NS      | $218572.62    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| IHI Corp                                            | IHI Corp                                            | CUSIP: 000000000<br>LEI: 549300ETQIESIUQ2OE26 | Long             | EC               | CORP              | JP        |      3600 | NS      | $400884.20    | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| MTU Aero Engines AG                                 | MTU Aero Engines AG                                 | CUSIP: 000000000<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |       512 | NS      | $220855.41    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| CyberArk Software Ltd                               | CyberArk Software Ltd                               | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |       308 | NS      | $126732.76    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                        | Fortinet Inc                                        | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      2712 | NS      | $270928.80    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN Inc                                            | ASGN Inc                                            | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |       956 | NS      | $47933.84     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Labs PBC                                     | Planet Labs PBC                                     | CUSIP: 72703X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17539 | NS      | $109618.75    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                           | Palantir Technologies Inc                           | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      6639 | NS      | $1051285.65   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                             | ATI Inc                                             | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |       445 | NS      | $34238.30     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| RENK Group AG                                       | RENK Group AG                                       | CUSIP: 000000000<br>LEI: 894500H8CNSZ53EI6K63 | Long             | EC               | CORP              | DE        |      1590 | NS      | $123427.60    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| BWX Technologies Inc                                | BWX Technologies Inc                                | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      2155 | NS      | $327409.15    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc                               | ESCO Technologies Inc                               | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |       144 | NS      | $27892.80     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                                 | TransDigm Group Inc                                 | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       319 | NS      | $513098.74    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| QinetiQ Group PLC                                   | QinetiQ Group PLC                                   | CUSIP: 000000000<br>LEI: 213800S8OBDOZMCMUW34 | Long             | EC               | CORP              | GB        |     13927 | NS      | $91306.72     | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Rocket Lab Corp                                     | Rocket Lab Corp                                     | CUSIP: 773121108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7321 | NS      | $336180.32    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Codan Ltd                                           | Codan Ltd                                           | CUSIP: 000000000<br>LEI: 9845005866EB809B5694 | Long             | EC               | CORP              | AU        |      4430 | NS      | $59229.99     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Booz Allen Hamilton Holding Corp                    | Booz Allen Hamilton Holding Corp                    | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |      1568 | NS      | $168293.44    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Kongsberg Gruppen ASA                               | Kongsberg Gruppen ASA                               | CUSIP: 000000000<br>LEI: 5967007LIEEXZXJ9HK73 | Long             | EC               | CORP              | NO        |      6718 | NS      | $200754.86    | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| AeroVironment Inc                                   | AeroVironment Inc                                   | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      1286 | NS      | $344185.04    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                          | HEICO Corp                                          | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |       858 | NS      | $280394.40    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanwha Systems Co Ltd                               | Hanwha Systems Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3210 | NS      | $136586.96    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Cameco Corp                                         | Cameco Corp                                         | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      2953 | NS      | $221268.29    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                                         | Graham Corp                                         | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |       195 | NS      | $11144.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI Systems Inc                                     | OSI Systems Inc                                     | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |       265 | NS      | $58567.65     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Babcock International Group PLC                     | Babcock International Group PLC                     | CUSIP: 000000000<br>LEI: 213800TSKOLX4EU6L377 | Long             | EC               | CORP              | GB        |     10192 | NS      | $139735.65    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| AAR Corp                                            | AAR Corp                                            | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |      1219 | NS      | $91071.49     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                                   | MP Materials Corp                                   | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |       319 | NS      | $19618.50     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                            | Crane Co                                            | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |      1172 | NS      | $229442.44    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| DroneShield Ltd                                     | DroneShield Ltd                                     | CUSIP: 000000000<br>LEI: 5299002AW8NA4BW6MU87 | Long             | EC               | CORP              | AU        |     93191 | NS      | $222765.10    | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| INVISIO AB                                          | INVISIO AB                                          | CUSIP: 000000000<br>LEI: 54930054EB7KX3MY2Q11 | Long             | EC               | CORP              | SE        |      1897 | NS      | $61464.83     | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| CAE Inc                                             | CAE Inc                                             | CUSIP: 124765108<br>LEI: 549300FFM2BEH2GF1E44 | Long             | EC               | CORP              | CA        |      6875 | NS      | $196038.72    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo SpA                                        | Leonardo SpA                                        | CUSIP: 000000000<br>LEI: 529900X4EEX1U9LN3U39 | Long             | EC               | CORP              | IT        |      4903 | NS      | $264287.01    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| CSBC Corp Taiwan                                    | CSBC Corp Taiwan                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    145000 | NS      | $78189.22     | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| National Presto Industries Inc                      | National Presto Industries Inc                      | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       666 | NS      | $64235.70     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Inc                                        | Ducommun Inc                                        | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |      1085 | NS      | $98713.30     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                                 | Curtiss-Wright Corp                                 | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |       572 | NS      | $280405.84    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Melrose Industries PLC                              | Melrose Industries PLC                              | CUSIP: 000000000<br>LEI: 213800RGNXXZY2M7TR85 | Long             | EC               | CORP              | GB        |     20254 | NS      | $136747.53    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| General Electric Co                                 | General Electric Co                                 | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |      4734 | NS      | $1283292.72   | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp                                 | Centrus Energy Corp                                 | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |       405 | NS      | $87237.00     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BigBear.ai Holdings Inc                             | BigBear.ai Holdings Inc                             | CUSIP: 08975B109<br>LEI: 549300XGCF2ELN28CS63 | Long             | EC               | CORP              | US        |      9178 | NS      | $58280.30     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                             | ITT Inc                                             | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |       625 | NS      | $106225.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HJ Shipbuilding & Construction Co Ltd               | HJ Shipbuilding & Construction Co Ltd               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3330 | NS      | $21313.84     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| RTX Corp                                            | RTX Corp                                            | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      8821 | NS      | $1389924.97   | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanwha Ocean Co Ltd                                 | Hanwha Ocean Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1957 | NS      | $157319.53    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Boeing Co/The                                       | Boeing Co/The                                       | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      3379 | NS      | $749597.36    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Hensoldt AG                                         | Hensoldt AG                                         | CUSIP: 000000000<br>LEI: 894500686FYLLZD3M624 | Long             | EC               | CORP              | DE        |      1488 | NS      | $163187.87    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Fincantieri SpA                                     | Fincantieri SpA                                     | CUSIP: 000000000<br>LEI: 8156005BDF49128B6239 | Long             | EC               | CORP              | IT        |      8363 | NS      | $161843.81    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Radware Ltd                                         | Radware Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |      1413 | NS      | $36172.80     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES      | BlackRock Cash Funds: Treasury, SL Agency Shares    | CUSIP: 066922477<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |    130000 | NS      | $130000.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corp             | Science Applications International Corp             | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |      1416 | NS      | $157855.68    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirit AeroSystems Holdings Inc                     | Spirit AeroSystems Holdings Inc                     | CUSIP: 848574109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3989 | NS      | $157166.60    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Singapore Technologies Engineering Ltd              | Singapore Technologies Engineering Ltd              | CUSIP: 000000000<br>LEI: 254900OEXGGWCR24DG90 | Long             | EC               | CORP              | SG        |     50200 | NS      | $337709.44    | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Moog Inc                                            | Moog Inc                                            | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |       880 | NS      | $170350.40    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                                         | Textron Inc                                         | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |      3110 | NS      | $241864.70    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Austal Ltd                                          | Austal Ltd                                          | CUSIP: 000000000<br>LEI: 254900DJEFGICBICBU73 | Long             | EC               | CORP              | AU        |     33979 | NS      | $142594.90    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Kratos Defense & Security Solutions Inc             | Kratos Defense & Security Solutions Inc             | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      3920 | NS      | $230104.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                               | Northrop Grumman Corp                               | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      1184 | NS      | $682706.24    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LIG Nex1 Co Ltd                                     | LIG Nex1 Co Ltd                                     | CUSIP: 000000000<br>LEI: 988400VTP0QVY3OIY652 | Long             | EC               | CORP              | KR        |       427 | NS      | $192277.98    | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Indra Sistemas SA                                   | Indra Sistemas SA                                   | CUSIP: 000000000<br>LEI: 95980020140005308793 | Long             | EC               | CORP              | ES        |      1388 | NS      | $57496.51     | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| CACI International Inc                              | CACI International Inc                              | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |       444 | NS      | $204493.08    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Heavy Industries Co Ltd                     | Samsung Heavy Industries Co Ltd                     | CUSIP: 000000000<br>LEI: 988400OSK0T9LDTWNC20 | Long             | EC               | CORP              | KR        |      7866 | NS      | $107366.34    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Aerospace Industrial Development Corp               | Aerospace Industrial Development Corp               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     69667 | NS      | $101748.46    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Keysight Technologies Inc                           | Keysight Technologies Inc                           | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |       926 | NS      | $151780.66    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                                | Howmet Aerospace Inc                                | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      3530 | NS      | $634588.10    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwire Corp                                        | Redwire Corp                                        | CUSIP: 75776W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5205 | NS      | $74379.45     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                                         | Hexcel Corp                                         | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      2711 | NS      | $162416.01    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corp                                   | Tutor Perini Corp                                   | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |       823 | NS      | $39627.45     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohort PLC                                          | Cohort PLC                                          | CUSIP: 000000000<br>LEI: 213800WE61C73LZZNW11 | Long             | EC               | CORP              | GB        |      2549 | NS      | $48994.79     | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Senior PLC                                          | Senior PLC                                          | CUSIP: 000000000<br>LEI: 5493002HQHWN5JQHKQ51 | Long             | EC               | CORP              | GB        |     24891 | NS      | $66402.03     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                                 | Mercury Systems Inc                                 | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |      2395 | NS      | $125953.05    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                           | Safran SA                                           | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      2299 | NS      | $758097.96    | 2.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Kawasaki Heavy Industries Ltd                       | Kawasaki Heavy Industries Ltd                       | CUSIP: 000000000<br>LEI: 5493008FFSI8SQ74AT93 | Long             | EC               | CORP              | JP        |      4200 | NS      | $306738.74    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Oshkosh Corp                                        | Oshkosh Corp                                        | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      1545 | NS      | $195488.85    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea Aerospace Industries Ltd                      | Korea Aerospace Industries Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2060 | NS      | $139503.63    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** BlackRock ETF Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer