# EDGAR Filing Document

**Accession Number:** 0001761055
**File Stem:** 0001752724-25-157864
**Filing Date:** 2025-6
**Character Count:** 100391
**Document Hash:** 1b4a382c29148bd596593dc35018d605
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-157864.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-157864

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250731

**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:** 251076930

**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 U.S. Thematic Rotation Active ETF (Series ID: S000074569)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000232558 | iShares U.S. Thematic Rotation Active ETF |  |

## Nport-Ex

April 30, 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 U.S. Thematic Rotation Active ETF \| THRO \| NYSE Arca |

---

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

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

------

Schedule of Investments (unaudited)

April 30, 2025

**iShares U.S. Thematic Rotation Active ETF**

**(Formerly BlackRock Future U.S. Themes 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 — 1.5%** | **Aerospace & Defense — 1.5%** | **Aerospace & Defense — 1.5%** |
| Axon Enterprise Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2667 | $1635671 |
| General Electric Co. | &nbsp;&nbsp;&nbsp; 31148 | 6277568 |
| Northrop Grumman Corp. | &nbsp;&nbsp;&nbsp; 885 | 430553 |
|  |  | 8343792 |
| **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** | **Air Freight & Logistics — 0.2%** |
| Expeditors International of Washington Inc. | &nbsp;&nbsp;&nbsp; 10115 | 1111740 |
| **Automobiles — 0.6%** | **Automobiles — 0.6%** | **Automobiles — 0.6%** |
| Tesla Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 12223 | 3448842 |
| **Biotechnology — 0.7%** | **Biotechnology — 0.7%** | **Biotechnology — 0.7%** |
| AbbVie Inc. | &nbsp;&nbsp;&nbsp; 3569 | 696312 |
| Gilead Sciences Inc. | &nbsp;&nbsp;&nbsp; 26036 | 2773875 |
| Halozyme Therapeutics Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5730 | 351937 |
|  |  | 3822124 |
| **Broadline Retail — 3.9%** | **Broadline Retail — 3.9%** | **Broadline Retail — 3.9%** |
| Amazon.com Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 107696 | 19861296 |
| Dillard's Inc., Class A | &nbsp;&nbsp;&nbsp; 7113 | 2465793 |
|  |  | 22327089 |
| **Building Products — 1.0%** | **Building Products — 1.0%** | **Building Products — 1.0%** |
| Armstrong World Industries Inc. | &nbsp;&nbsp;&nbsp; 4353 | 631272 |
| Lennox International Inc. | &nbsp;&nbsp;&nbsp; 4189 | 2290336 |
| Trane Technologies PLC | &nbsp;&nbsp;&nbsp; 7517 | 2881341 |
|  |  | 5802949 |
| **Capital Markets — 0.2%** | **Capital Markets — 0.2%** | **Capital Markets — 0.2%** |
| Affiliated Managers Group Inc. | &nbsp;&nbsp;&nbsp; 978 | 161986 |
| Intercontinental Exchange Inc. | &nbsp;&nbsp;&nbsp; 1780 | 298987 |
| S&P Global Inc. | &nbsp;&nbsp;&nbsp; 890 | 445044 |
|  |  | 906017 |
| **Chemicals — 0.9%** | **Chemicals — 0.9%** | **Chemicals — 0.9%** |
| Ecolab Inc. | &nbsp;&nbsp;&nbsp; 2672 | 671821 |
| Linde PLC | &nbsp;&nbsp;&nbsp; 9784 | 4434402 |
|  |  | 5106223 |
| **Commercial Services & Supplies — 2.5%** | **Commercial Services & Supplies — 2.5%** | **Commercial Services & Supplies — 2.5%** |
| Cintas Corp. | &nbsp;&nbsp;&nbsp; 1782 | 377214 |
| Clean Harbors Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10677 | 2284237 |
| Copart Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 30249 | 1846097 |
| Republic Services Inc., Class A | &nbsp;&nbsp;&nbsp; 16912 | 4240684 |
| Veralto Corp. | &nbsp;&nbsp;&nbsp; 8896 | 853127 |
| Waste Connections Inc. | &nbsp;&nbsp;&nbsp; 21364 | 4222167 |
| Waste Management Inc. | &nbsp;&nbsp;&nbsp; 2667 | 622371 |
|  |  | 14445897 |
| **Communications Equipment — 1.8%** | **Communications Equipment — 1.8%** | **Communications Equipment — 1.8%** |
| Cisco Systems Inc. | &nbsp;&nbsp;&nbsp; 89005 | 5138259 |
| F5 Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8004 | 2118979 |
| Juniper Networks Inc. | &nbsp;&nbsp;&nbsp; 3569 | 129626 |
| Motorola Solutions Inc. | &nbsp;&nbsp;&nbsp; 6238 | 2747153 |
|  |  | 10134017 |
| **Construction & Engineering — 1.6%** | **Construction & Engineering — 1.6%** | **Construction & Engineering — 1.6%** |
| AECOM | &nbsp;&nbsp;&nbsp; 5337 | 526495 |
| Comfort Systems USA Inc. | &nbsp;&nbsp;&nbsp; 2675 | 1063446 |
| Dycom Industries Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9794 | 1640985 |
| EMCOR Group Inc. | &nbsp;&nbsp;&nbsp; 9098 | 3645569 |
| Fluor Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 21360 | 745250 |
| MasTec Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 12449 | 1585007 |
|  |  | 9206752 |
| **Consumer Staples Distribution & Retail — 5.8%** | **Consumer Staples Distribution & Retail — 5.8%** | **Consumer Staples Distribution & Retail — 5.8%** |
| Costco Wholesale Corp. | &nbsp;&nbsp;&nbsp; 18021 | 17921884 |
| Kroger Co. (The) | &nbsp;&nbsp;&nbsp; 25818 | 1864318 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Consumer Staples Distribution & Retail (continued)** | **Consumer Staples Distribution & Retail (continued)** | **Consumer Staples Distribution & Retail (continued)** |
| Sprouts Farmers Market Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 14603 | $2497113 |
| U.S. Foods Holding Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7115 | 467171 |
| Walmart Inc. | &nbsp;&nbsp;&nbsp; 108740 | 10574965 |
|  |  | 33325451 |
| **Containers & Packaging — 0.4%** | **Containers & Packaging — 0.4%** | **Containers & Packaging — 0.4%** |
| AptarGroup Inc. | &nbsp;&nbsp;&nbsp; 14771 | 2214912 |
| **Distributors — 0.2%** | **Distributors — 0.2%** | **Distributors — 0.2%** |
| Genuine Parts Co. | &nbsp;&nbsp;&nbsp; 742 | 87222 |
| LKQ Corp. | &nbsp;&nbsp;&nbsp; 22257 | 850440 |
|  |  | 937662 |
| **Electrical Equipment — 0.2%** | **Electrical Equipment — 0.2%** | **Electrical Equipment — 0.2%** |
| Acuity Brands Inc. | &nbsp;&nbsp;&nbsp; 887 | 216082 |
| Hubbell Inc., Class B | &nbsp;&nbsp;&nbsp; 2060 | 748151 |
|  |  | 964233 |
| **Electronic Equipment, Instruments & Components — 2.9%** | **Electronic Equipment, Instruments & Components — 2.9%** | **Electronic Equipment, Instruments & Components — 2.9%** |
| Amphenol Corp., Class A | &nbsp;&nbsp;&nbsp; 117469 | 9039240 |
| Badger Meter Inc. | &nbsp;&nbsp;&nbsp; 14238 | 3144035 |
| Crane NXT Co. | &nbsp;&nbsp;&nbsp; 2675 | 125511 |
| Jabil Inc. | &nbsp;&nbsp;&nbsp; 16773 | 2458251 |
| TD SYNNEX Corp. | &nbsp;&nbsp;&nbsp; 15123 | 1675628 |
|  |  | 16442665 |
| **Energy Equipment & Services — 0.3%** | **Energy Equipment & Services — 0.3%** | **Energy Equipment & Services — 0.3%** |
| Baker Hughes Co., Class A | &nbsp;&nbsp;&nbsp; 20468 | 724567 |
| Noble Corp. PLC | &nbsp;&nbsp;&nbsp; 22252 | 483758 |
| TechnipFMC PLC | &nbsp;&nbsp;&nbsp; 5348 | 150653 |
| Tidewater Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 8903 | 322200 |
|  |  | 1681178 |
| **Entertainment — 1.9%** | **Entertainment — 1.9%** | **Entertainment — 1.9%** |
| Electronic Arts Inc. | &nbsp;&nbsp;&nbsp; 8003 | 1161155 |
| Netflix Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7123 | 8061242 |
| Spotify Technology SA<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 2675 | 1642396 |
|  |  | 10864793 |
| **Financial Services — 2.2%** | **Financial Services — 2.2%** | **Financial Services — 2.2%** |
| Berkshire Hathaway Inc., Class B<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10100 | 5385825 |
| Essent Group Ltd. | &nbsp;&nbsp;&nbsp; 2428 | 138226 |
| Fiserv Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 23131 | 4269289 |
| Jack Henry & Associates Inc. | &nbsp;&nbsp;&nbsp; 6234 | 1081162 |
| Visa Inc., Class A | &nbsp;&nbsp;&nbsp; 5346 | 1847043 |
|  |  | 12721545 |
| **Food Products — 1.1%** | **Food Products — 1.1%** | **Food Products — 1.1%** |
| Pilgrim's Pride Corp. | &nbsp;&nbsp;&nbsp; 109464 | 5974545 |
| WK Kellogg Co. | &nbsp;&nbsp;&nbsp; 4453 | 79842 |
|  |  | 6054387 |
| **Ground Transportation — 0.5%** | **Ground Transportation — 0.5%** | **Ground Transportation — 0.5%** |
| Uber Technologies Inc.<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 37120 | 3007091 |
| **Health Care Equipment & Supplies — 7.6%** | **Health Care Equipment & Supplies — 7.6%** | **Health Care Equipment & Supplies — 7.6%** |
| Abbott Laboratories | &nbsp;&nbsp;&nbsp; 6486 | 848044 |
| Becton Dickinson & Co. | &nbsp;&nbsp;&nbsp; 1788 | 370277 |
| Boston Scientific Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 161095 | 16571843 |
| Edwards Lifesciences Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 43607 | 3291892 |
| Globus Medical Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 26705 | 1916618 |
| Intuitive Surgical Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 16902 | 8718052 |
| Medtronic PLC | &nbsp;&nbsp;&nbsp; 8010 | 678928 |
| Merit Medical Systems Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6220 | 587479 |
| Penumbra Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9788 | 2866318 |
| Stryker Corp. | &nbsp;&nbsp;&nbsp; 19583 | 7322475 |
| Zimmer Biomet Holdings Inc. | &nbsp;&nbsp;&nbsp; 1783 | 183738 |
|  |  | 43355664 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**iShares U.S. Thematic Rotation Active ETF**

**(Formerly BlackRock Future U.S. Themes ETF)**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Health Care Providers & Services — 2.0%** | **Health Care Providers & Services — 2.0%** | **Health Care Providers & Services — 2.0%** |
| Cardinal Health Inc. | &nbsp;&nbsp;&nbsp; 11575 | $1635432 |
| Cencora Inc. | &nbsp;&nbsp;&nbsp; 4950 | 1448716 |
| Encompass Health Corp. | &nbsp;&nbsp;&nbsp; 10687 | 1250272 |
| HCA Healthcare Inc. | &nbsp;&nbsp;&nbsp; 3949 | 1362721 |
| McKesson Corp. | &nbsp;&nbsp;&nbsp; 3198 | 2279502 |
| Tenet Healthcare Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10669 | 1525134 |
| UnitedHealth Group Inc. | &nbsp;&nbsp;&nbsp; 4048 | 1665509 |
|  |  | 11167286 |
| **Hotels, Restaurants & Leisure — 0.9%** | **Hotels, Restaurants & Leisure — 0.9%** | **Hotels, Restaurants & Leisure — 0.9%** |
| Expedia Group Inc. | &nbsp;&nbsp;&nbsp; 3558 | 558357 |
| Hilton Worldwide Holdings Inc. | &nbsp;&nbsp;&nbsp; 8017 | 1807673 |
| Light & Wonder Inc.<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 23018 | 1965277 |
| Marriott International Inc./MD, Class A | &nbsp;&nbsp;&nbsp; 4457 | 1063351 |
|  |  | 5394658 |
| **Household Durables — 0.6%** | **Household Durables — 0.6%** | **Household Durables — 0.6%** |
| Champion Homes Inc.<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 12455 | 1077357 |
| Garmin Ltd. | &nbsp;&nbsp;&nbsp; 5454 | 1019189 |
| Taylor Morrison Home Corp., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 19573 | 1122512 |
|  |  | 3219058 |
| **Household Products — 2.6%** | **Household Products — 2.6%** | **Household Products — 2.6%** |
| Church & Dwight Co. Inc. | &nbsp;&nbsp;&nbsp; 2073 | 205932 |
| Colgate-Palmolive Co. | &nbsp;&nbsp;&nbsp; 66772 | 6155711 |
| Procter & Gamble Co. (The) | &nbsp;&nbsp;&nbsp; 50611 | 8227830 |
|  |  | 14589473 |
| **Independent Power and Renewable Electricity Producers — 0.0%** | **Independent Power and Renewable Electricity Producers — 0.0%** | **Independent Power and Renewable Electricity Producers — 0.0%** |
| Vistra Corp. | &nbsp;&nbsp;&nbsp; 1789 | 231908 |
| **Insurance — 3.7%** | **Insurance — 3.7%** | **Insurance — 3.7%** |
| Allstate Corp. (The) | &nbsp;&nbsp;&nbsp; 2668 | 529305 |
| Aon PLC, Class A | &nbsp;&nbsp;&nbsp; 3565 | 1264826 |
| Arthur J Gallagher & Co. | &nbsp;&nbsp;&nbsp; 2673 | 857204 |
| Axis Capital Holdings Ltd. | &nbsp;&nbsp;&nbsp; 18688 | 1800028 |
| Brown & Brown Inc. | &nbsp;&nbsp;&nbsp; 5333 | 589830 |
| Chubb Ltd. | &nbsp;&nbsp;&nbsp; 4447 | 1272198 |
| Hartford Insurance Group Inc. (The) | &nbsp;&nbsp;&nbsp; 1620 | 198725 |
| Marsh & McLennan Companies Inc. | &nbsp;&nbsp;&nbsp; 32049 | 7226088 |
| Progressive Corp. (The) | &nbsp;&nbsp;&nbsp; 20782 | 5855121 |
| RLI Corp. | &nbsp;&nbsp;&nbsp; 20474 | 1515281 |
|  |  | 21108606 |
| **Interactive Media & Services — 5.7%** | **Interactive Media & Services — 5.7%** | **Interactive Media & Services — 5.7%** |
| Alphabet Inc., Class A | &nbsp;&nbsp;&nbsp; 59623 | 9468132 |
| Alphabet Inc., Class C, NVS | &nbsp;&nbsp;&nbsp; 48956 | 7876531 |
| Meta Platforms Inc., Class A | &nbsp;&nbsp;&nbsp; 27597 | 15150753 |
|  |  | 32495416 |
| **IT Services — 1.7%** | **IT Services — 1.7%** | **IT Services — 1.7%** |
| Accenture PLC, Class A | &nbsp;&nbsp;&nbsp; 10675 | 3193426 |
| Amdocs Ltd. | &nbsp;&nbsp;&nbsp; 3552 | 314636 |
| Gartner Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2672 | 1125126 |
| GoDaddy Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 21361 | 4022917 |
| International Business Machines Corp. | &nbsp;&nbsp;&nbsp; 3567 | 862572 |
|  |  | 9518677 |
| **Machinery — 2.3%** | **Machinery — 2.3%** | **Machinery — 2.3%** |
| Allison Transmission Holdings Inc. | &nbsp;&nbsp;&nbsp; 4456 | 411021 |
| Donaldson Co. Inc. | &nbsp;&nbsp;&nbsp; 22293 | 1465319 |
| Graco Inc. | &nbsp;&nbsp;&nbsp; 52224 | 4262001 |
| ITT Inc. | &nbsp;&nbsp;&nbsp; 22552 | 3090075 |
| Lincoln Electric Holdings Inc. | &nbsp;&nbsp;&nbsp; 7340 | 1293308 |
| Mueller Industries Inc. | &nbsp;&nbsp;&nbsp; 24941 | 1834660 |
| Otis Worldwide Corp. | &nbsp;&nbsp;&nbsp; 4457 | 429075 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Machinery (continued)** | **Machinery (continued)** | **Machinery (continued)** |
| Westinghouse Air Brake Technologies Corp. | &nbsp;&nbsp;&nbsp; 1778 | $328468 |
|  |  | 13113927 |
| **Media — 0.1%** | **Media — 0.1%** | **Media — 0.1%** |
| Fox Corp., Class A, NVS | &nbsp;&nbsp;&nbsp; 14247 | 709358 |
| **Metals & Mining — 0.1%** | **Metals & Mining — 0.1%** | **Metals & Mining — 0.1%** |
| Carpenter Technology Corp. | &nbsp;&nbsp;&nbsp; 1774 | 347012 |
| **Multi-Utilities — 0.1%** | **Multi-Utilities — 0.1%** | **Multi-Utilities — 0.1%** |
| CMS Energy Corp. | &nbsp;&nbsp;&nbsp; 2678 | 197235 |
| WEC Energy Group Inc. | &nbsp;&nbsp;&nbsp; 3549 | 388686 |
|  |  | 585921 |
| **Oil, Gas & Consumable Fuels — 2.7%** | **Oil, Gas & Consumable Fuels — 2.7%** | **Oil, Gas & Consumable Fuels — 2.7%** |
| Cheniere Energy Inc. | &nbsp;&nbsp;&nbsp; 3492 | 807036 |
| Chevron Corp. | &nbsp;&nbsp;&nbsp; 2133 | 290216 |
| ConocoPhillips | &nbsp;&nbsp;&nbsp; 14300 | 1274416 |
| DT Midstream Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 36486 | 3546439 |
| EOG Resources Inc. | &nbsp;&nbsp;&nbsp; 11782 | 1299908 |
| EQT Corp. | &nbsp;&nbsp;&nbsp; 2495 | 123353 |
| Exxon Mobil Corp. | &nbsp;&nbsp;&nbsp; 2806 | 296398 |
| Hess Corp. | &nbsp;&nbsp;&nbsp; 13729 | 1771727 |
| Hess Midstream LP, Class A | &nbsp;&nbsp;&nbsp; 35612 | 1323698 |
| SM Energy Co. | &nbsp;&nbsp;&nbsp; 27585 | 628662 |
| Targa Resources Corp. | &nbsp;&nbsp;&nbsp; 24675 | 4216958 |
|  |  | 15578811 |
| **Pharmaceuticals — 2.0%** | **Pharmaceuticals — 2.0%** | **Pharmaceuticals — 2.0%** |
| Bristol-Myers Squibb Co. | &nbsp;&nbsp;&nbsp; 25658 | 1288032 |
| Eli Lilly & Co. | &nbsp;&nbsp;&nbsp; 7948 | 7144854 |
| Merck & Co. Inc. | &nbsp;&nbsp;&nbsp; 32628 | 2779906 |
|  |  | 11212792 |
| **Professional Services — 1.4%** | **Professional Services — 1.4%** | **Professional Services — 1.4%** |
| Automatic Data Processing Inc. | &nbsp;&nbsp;&nbsp; 5346 | 1607008 |
| CACI International Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1454 | 665743 |
| ExlService Holdings Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 10677 | 517621 |
| SS&C Technologies Holdings Inc. | &nbsp;&nbsp;&nbsp; 57462 | 4344127 |
| Verisk Analytics Inc., Class A | &nbsp;&nbsp;&nbsp; 3566 | 1057069 |
|  |  | 8191568 |
| **Semiconductors & Semiconductor Equipment — 10.2%** | **Semiconductors & Semiconductor Equipment — 10.2%** | **Semiconductors & Semiconductor Equipment — 10.2%** |
| Advanced Micro Devices Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 9794 | 953446 |
| Analog Devices Inc. | &nbsp;&nbsp;&nbsp; 3567 | 695280 |
| Applied Materials Inc. | &nbsp;&nbsp;&nbsp; 14243 | 2146563 |
| Broadcom Inc. | &nbsp;&nbsp;&nbsp; 54286 | 10448426 |
| Cirrus Logic Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 13348 | 1281942 |
| First Solar Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5484 | 689997 |
| KLA Corp. | &nbsp;&nbsp;&nbsp; 1779 | 1250086 |
| Lam Research Corp. | &nbsp;&nbsp;&nbsp; 6235 | 446862 |
| Nvidia Corp. | &nbsp;&nbsp;&nbsp; 333139 | 36285501 |
| Onto Innovation Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3551 | 433115 |
| Qualcomm Inc. | &nbsp;&nbsp;&nbsp; 3052 | 453100 |
| Texas Instruments Inc. | &nbsp;&nbsp;&nbsp; 20469 | 3276063 |
|  |  | 58360381 |
| **Software — 11.0%** | **Software — 11.0%** | **Software — 11.0%** |
| Adobe Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2 | 750 |
| AppLovin Corp., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 895 | 241032 |
| Autodesk Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3551 | 973862 |
| Box Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 95224 | 2972893 |
| Cadence Design Systems Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 5464 | 1626851 |
| Check Point Software Technologies Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 56074 | 12311607 |
| CommVault Systems Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 21359 | 3569730 |
| Fortinet Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1218 | 126380 |
| Guidewire Software Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2661 | 544893 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**iShares U.S. Thematic Rotation Active ETF**

**(Formerly BlackRock Future U.S. Themes ETF)**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Manhattan Associates Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 891 | $158055 |
| Microsoft Corp. | &nbsp;&nbsp;&nbsp; 75643 | 29898652 |
| Oracle Corp. | &nbsp;&nbsp;&nbsp; 10644 | 1497824 |
| Palantir Technologies Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 18176 | 2152765 |
| Palo Alto Networks Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 888 | 165994 |
| PTC Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 16026 | 2483549 |
| Q2 Holdings Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 6229 | 493648 |
| Salesforce Inc. | &nbsp;&nbsp;&nbsp; 2530 | 679836 |
| Synopsys Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 3870 | 1776369 |
| Tenable Holdings Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 18696 | 571537 |
| Teradata Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 13353 | 287090 |
| Zeta Global Holdings Corp., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 16904 | 220766 |
|  |  | 62754083 |
| **Specialty Retail — 6.0%** | **Specialty Retail — 6.0%** | **Specialty Retail — 6.0%** |
| Abercrombie & Fitch Co., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 7889 | 547654 |
| AutoZone Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 4 | 15050 |
| Dick's Sporting Goods Inc. | &nbsp;&nbsp;&nbsp; 4459 | 837133 |
| Gap Inc. (The) | &nbsp;&nbsp;&nbsp; 4548 | 99601 |
| Lowe's Companies Inc. | &nbsp;&nbsp;&nbsp; 28506 | 6372801 |
| Murphy USA Inc. | &nbsp;&nbsp;&nbsp; 1784 | 889449 |
| O'Reilly Automotive Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 891 | 1260943 |
| Penske Automotive Group Inc. | &nbsp;&nbsp;&nbsp; 861 | 134032 |
| Ross Stores Inc. | &nbsp;&nbsp;&nbsp; 63250 | 8791750 |
| TJX Companies Inc. (The) | &nbsp;&nbsp;&nbsp; 114545 | 14739651 |
| Williams-Sonoma Inc. | &nbsp;&nbsp;&nbsp; 4842 | 747944 |
|  |  | 34436008 |
| **Technology Hardware, Storage & Peripherals — 6.5%** | **Technology Hardware, Storage & Peripherals — 6.5%** | **Technology Hardware, Storage & Peripherals — 6.5%** |
| Apple Inc. | &nbsp;&nbsp;&nbsp; 164865 | 35033813 |
| Dell Technologies Inc., Class C | &nbsp;&nbsp;&nbsp; 1769 | 162323 |
| NetApp Inc. | &nbsp;&nbsp;&nbsp; 13092 | 1175007 |
| Pure Storage Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 19824 | 899217 |
|  |  | 37270360 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Textiles, Apparel & Luxury Goods — 0.1%** | **Textiles, Apparel & Luxury Goods — 0.1%** | **Textiles, Apparel & Luxury Goods — 0.1%** |
| Deckers Outdoor Corp.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 2708 | $300128 |
| **Trading Companies & Distributors — 0.3%** | **Trading Companies & Distributors — 0.3%** | **Trading Companies & Distributors — 0.3%** |
| WW Grainger Inc. | &nbsp;&nbsp;&nbsp; 1781 | 1824296 |
| **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** | **Wireless Telecommunication Services — 0.1%** |
| T-Mobile U.S. Inc. | &nbsp;&nbsp;&nbsp; 2034 | 502296 |
| **Total Long-Term Investments — 98.1%** <br>**(Cost: $573,841,116)** | **Total Long-Term Investments — 98.1%** <br>**(Cost: $573,841,116)** | 559137046 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 2.7%** | **Money Market Funds — 2.7%** | **Money Market Funds — 2.7%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.46%<sup>(c)(d)(e)</sup><br>| &nbsp;&nbsp;&nbsp; 4682667 | 4684540 |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency Shares, <br> 4.30%<sup>(c)(d)</sup><br>| &nbsp;&nbsp;&nbsp; 10660000 | 10660000 |
| **Total Short-Term Securities — 2.7%** <br>**(Cost: $15,344,346)** | **Total Short-Term Securities — 2.7%** <br>**(Cost: $15,344,346)** | 15344540 |
| **Total Investments — 100.8%** <br>**(Cost: $589,185,462)** | **Total Investments — 100.8%** <br>**(Cost: $589,185,462)** | 574481586 |
| **Liabilities in Excess of Other Assets — (0.8)%** | **Liabilities in Excess of Other Assets — (0.8)%** | (4632778)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $569848808 |

---

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

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> All or a portion of this security is on loan.

<sup>(c)</sup> Affiliate of the Fund.

<sup>(d)</sup> Annualized 7-day yield as of period end.

<sup>(e)</sup> 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 ended April 30, 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>*07/31/24*<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>*04/30/25*<br>| *Shares* <br>*Held at* <br>*04/30/25*<br>| *Income* | &nbsp;&nbsp; *Capital* <br>*Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares<br>| $76229<br> $4608701 <br><sup>(a)</sup><br>| $— | $(581)<br>| $191 | $4684540 | 4682667 | $650 <br><sup>(b)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares<br>| &nbsp;&nbsp; 50000<br> 10610000 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 10660000 | 10660000 | &nbsp;&nbsp; 62582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  | $(581) | $191 | $15344540 |  | $63232 | $— |

---

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

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

<sup>(b)</sup> All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of collateral investment fees, and other payments to and from borrowers of securities. 

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**iShares U.S. Thematic Rotation Active ETF**

**(Formerly BlackRock Future U.S. Themes ETF)**

**Derivative Financial Instruments Outstanding as of Period End**

**Futures Contracts** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| *Description* | *Number of* <br>*Contracts*<br>| *Expiration* <br>*Date*<br>| *Notional* <br>*Amount* <br>*(000)*<br>| *Value/* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>|
| Long Contracts |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Micro E-Mini S&P 500 Index | &nbsp;&nbsp; 2 | &nbsp;&nbsp; 06/20/25 | &nbsp;&nbsp; $56 | &nbsp;&nbsp; $(1054)<br>|

---

**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).

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. 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  |  |  |  |  |
| &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; $559137046 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $559137046 |
| &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; 15344540 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 15344540 |
|  | &nbsp;&nbsp; $574481586 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $574481586 |
| Derivative Financial Instruments<sup>(a)</sup>  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Liabilities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity Contracts | &nbsp;&nbsp; $(1054)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(1054)<br>|

---

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

<sup>(a)</sup> Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation** | **Portfolio Abbreviation** |
| NVS | Non-Voting Shares |

---

------

## 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 U.S. Thematic Rotation Active ETF

- **b. EDGAR series identifier (if any):** S000074569

- **c. LEI of Series:** 549300NESYZ7JPZCM419

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $580398077.96

**Total Liabilities:** $10549583.81

**Net Assets:** $569848494.15

**Cash Not Reported:** $11184.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000232558 | -2.46%               | -6.05%               | 0.96%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $37174.83                | $4360864.00                                |
| Month 2  | $-579116.92              | $-25998200.28                              |
| Month 3  | $209416.18               | $5490840.17                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EQT Corp                                       | EQT Corp                                              | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      2495 | NS      | $123352.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                               | Pure Storage Inc                                      | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     19824 | NS      | $899216.64    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                      | Jabil Inc                                             | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     16773 | NS      | $2458250.88   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                              | Cisco Systems Inc                                     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     89005 | NS      | $5138258.65   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp                      | Carpenter Technology Corp                             | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |      1774 | NS      | $347012.14    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                 | Salesforce Inc                                        | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      2530 | NS      | $679836.30    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                  | Accenture PLC                                         | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     10675 | NS      | $3193426.25   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc                             | Champion Homes Inc                                    | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12455 | NS      | $1077357.50   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Vistra Corp                                    | Vistra Corp                                           | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      1789 | NS      | $231908.07    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington Inc     | Expeditors International of Washington Inc            | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |     10115 | NS      | $1111739.65   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                               | Genuine Parts Co                                      | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |       742 | NS      | $87222.10     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                           | Progressive Corp/The                                  | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     20782 | NS      | $5855120.68   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates Inc                    | Jack Henry & Associates Inc                           | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      6234 | NS      | $1081162.62   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                                     | NetApp Inc                                            | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     13092 | NS      | $1175007.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                      | Hess Corp                                             | CUSIP: 42809H107<br>LEI: UASVRYNXNK17ULIGK870 | Long             | EC               | CORP              | US        |     13729 | NS      | $1771727.45   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                         | UnitedHealth Group Inc                                | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      4048 | NS      | $1665509.12   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp           | International Business Machines Corp                  | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      3567 | NS      | $862571.94    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                  | Amphenol Corp                                         | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    117469 | NS      | $9039239.55   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                  | Hilton Worldwide Holdings Inc                         | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      8017 | NS      | $1807673.16   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                     | AbbVie Inc                                            | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      3569 | NS      | $696311.90    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd          | Check Point Software Technologies Ltd                 | CUSIP: 000000000<br>LEI: 2549003ZVBH73EPNS513 | Long             | EC               | CORP              | IL        |     56074 | NS      | $12311607.44  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                          | Costco Wholesale Corp                                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     18021 | NS      | $17921884.50  | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                              | Expedia Group Inc                                     | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      3558 | NS      | $558356.94    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc                     | Sprouts Farmers Market Inc                            | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     14603 | NS      | $2497113.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc                        | ExlService Holdings Inc                               | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     10677 | NS      | $517620.96    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                               | Donaldson Co Inc                                      | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     22293 | NS      | $1465318.89   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                          | Uber Technologies Inc                                 | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     37120 | NS      | $3007091.20   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| WEC Energy Group Inc                           | WEC Energy Group Inc                                  | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      3549 | NS      | $388686.48    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                              | EOG Resources Inc                                     | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     11782 | NS      | $1299908.06   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc                      | Merit Medical Systems Inc                             | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |      6220 | NS      | $587479.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                      | Chubb Ltd                                             | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      4447 | NS      | $1272197.76   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc                  | Affiliated Managers Group Inc                         | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |       978 | NS      | $161986.14    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc                               | Cirrus Logic Inc                                      | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     13348 | NS      | $1281941.92   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                          | Spotify Technology SA                                 | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      2675 | NS      | $1642396.50   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| US Foods Holding Corp                          | US Foods Holding Corp                                 | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      7115 | NS      | $467170.90    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Cheniere Energy Inc                            | Cheniere Energy Inc                                   | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      3492 | NS      | $807036.12    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                                     | Amdocs Ltd                                            | CUSIP: 000000000<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | GG        |      3552 | NS      | $314636.16    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD                  | Marriott International Inc/MD                         | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      4457 | NS      | $1063351.06   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                       | Fox Corp                                              | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     14247 | NS      | $709358.13    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                                 | TD SYNNEX Corp                                        | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     15123 | NS      | $1675628.40   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                    | Cintas Corp                                           | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1782 | NS      | $377213.76    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                  | Medtronic PLC                                         | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      8010 | NS      | $678927.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                     | Advanced Micro Devices Inc                            | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      9794 | NS      | $953445.90    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                          | Texas Instruments Inc                                 | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     20469 | NS      | $3276063.45   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                       | Manhattan Associates Inc                              | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |       891 | NS      | $158054.49    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                  | Lincoln Electric Holdings Inc                         | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      7340 | NS      | $1293308.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                          | Dell Technologies Inc                                 | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |      1769 | NS      | $162323.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                   | Alphabet Inc                                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     59623 | NS      | $9468132.40   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                       | Visa Inc                                              | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      5346 | NS      | $1847043.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc              | Allison Transmission Holdings Inc                     | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |      4456 | NS      | $411021.44    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                      | Halozyme Therapeutics Inc                             | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      5730 | NS      | $351936.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                         | Boston Scientific Corp                                | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    161095 | NS      | $16571842.65  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc                     | Zimmer Biomet Holdings Inc                            | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |      1783 | NS      | $183738.15    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                              | Lam Research Corp                                     | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      6235 | NS      | $446862.45    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                                | Baker Hughes Co                                       | CUSIP: 05722G100<br>LEI: 5493004XSDPHVQ2URI81 | Long             | EC               | CORP              | US        |     20468 | NS      | $724567.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                     | Fiserv Inc                                            | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     23131 | NS      | $4269288.67   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                        | Procter & Gamble Co/The                               | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     50611 | NS      | $8227830.27   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                                     | MasTec Inc                                            | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     12449 | NS      | $1585006.68   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                               | DT Midstream Inc                                      | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36486 | NS      | $3546439.20   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                 | Lowe's Cos Inc                                        | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     28506 | NS      | $6372801.36   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Funds III                            | BlackRock Cash Funds: Institutional, SL Agency Shares | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        |   5138198 | NS      | $5140252.88   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries Inc                 | Armstrong World Industries Inc                        | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |      4353 | NS      | $631272.06    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                 | Microsoft Corp                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     75643 | NS      | $29898652.18  | 5.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                    | SP500 MIC EMIN FUTJUN25                               | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         2 | NC      | $-1053.81     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                           | Targa Resources Corp                                  | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     24675 | NS      | $4216957.50   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                          | Becton Dickinson & Co                                 | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      1788 | NS      | $370276.92    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                                   | Penumbra Inc                                          | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |      9788 | NS      | $2866317.92   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                        | Comfort Systems USA Inc                               | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      2675 | NS      | $1063446.25   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                            | Axon Enterprise Inc                                   | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      2667 | NS      | $1635671.10   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                  | Intercontinental Exchange Inc                         | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      1780 | NS      | $298986.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                          | Applied Materials Inc                                 | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     14243 | NS      | $2146562.53   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                   | Stryker Corp                                          | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     19583 | NS      | $7322475.36   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                         | Trane Technologies PLC                                | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      7517 | NS      | $2881341.27   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                          | AECOM                                                 | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |      5337 | NS      | $526495.05    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                    | NVIDIA Corp                                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    333139 | NS      | $36285499.88  | 6.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                   | Chevron Corp                                          | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2133 | NS      | $290215.98    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc                            | Williams-Sonoma Inc                                   | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      4842 | NS      | $747943.74    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                      | Adobe Inc                                             | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |         2 | NS      | $749.96       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                           | Waste Management Inc                                  | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      2667 | NS      | $622371.12    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                                  | Teradata Corp                                         | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     13353 | NS      | $287089.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                    | Hubbell Inc                                           | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      2060 | NS      | $748150.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                   | Alphabet Inc                                          | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     48956 | NS      | $7876530.84   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                                     | Fluor Corp                                            | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     21360 | NS      | $745250.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                        | O'Reilly Automotive Inc                               | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |       891 | NS      | $1260943.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                                | EMCOR Group Inc                                       | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      9098 | NS      | $3645568.60   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                      | Linde PLC                                             | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      9784 | NS      | $4434402.32   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                     | Garmin Ltd                                            | CUSIP: 000000000<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      5454 | NS      | $1019188.98   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                      | Dick's Sporting Goods Inc                             | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      4459 | NS      | $837132.66    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                                    | Gartner Inc                                           | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      2672 | NS      | $1125125.76   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                       | Marsh & McLennan Cos Inc                              | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     32049 | NS      | $7226088.03   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp                           | Pilgrim's Pride Corp                                  | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |    109464 | NS      | $5974545.12   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                    | Walmart Inc                                           | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    108740 | NS      | $10574965.00  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc                                        | Box Inc                                               | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     95224 | NS      | $2972893.28   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                   | Fortinet Inc                                          | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |      1218 | NS      | $126379.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                                    | GoDaddy Inc                                           | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     21361 | NS      | $4022917.13   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                               | Exxon Mobil Corp                                      | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      2806 | NS      | $296397.78    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                         | Guidewire Software Inc                                | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |      2661 | NS      | $544892.97    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                      | Axis Capital Holdings Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     18688 | NS      | $1800028.16   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                | CMS Energy Corp                                       | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      2678 | NS      | $197234.70    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                                   | SM Energy Co                                          | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     27585 | NS      | $628662.15    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                                   | Crane NXT Co                                          | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |      2675 | NS      | $125511.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                      | Palantir Technologies Inc                             | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     18176 | NS      | $2152765.44   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                | TJX Cos Inc/The                                       | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    114545 | NS      | $14739650.60  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                       | RLI Corp                                              | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |     20474 | NS      | $1515280.74   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                         | Berkshire Hathaway Inc                                | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     10100 | NS      | $5385825.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                             | Globus Medical Inc                                    | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     26705 | NS      | $1916617.85   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                               | Badger Meter Inc                                      | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     14238 | NS      | $3144035.16   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                    | Netflix Inc                                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      7123 | NS      | $8061241.56   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                     | Cadence Design Systems Inc                            | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      5464 | NS      | $1626851.36   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| WK Kellogg Co                                  | WK Kellogg Co                                         | CUSIP: 92942W107<br>LEI: 529900SWC935GFWUJ804 | Long             | EC               | CORP              | US        |      4453 | NS      | $79842.29     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Juniper Networks Inc                           | Juniper Networks Inc                                  | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               | CORP              | US        |      3569 | NS      | $129626.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                         | Intuitive Surgical Inc                                | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     16902 | NS      | $8718051.60   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc                           | Dycom Industries Inc                                  | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      9794 | NS      | $1640984.70   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                               | Essent Group Ltd                                      | CUSIP: 000000000<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |      2428 | NS      | $138226.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                     | Ecolab Inc                                            | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      2672 | NS      | $671820.96    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                          | Republic Services Inc                                 | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     16912 | NS      | $4240684.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                                  | Tidewater Inc                                         | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |      8903 | NS      | $322199.57    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                   | Broadcom Inc                                          | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     54286 | NS      | $10448426.42  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                      | Tesla Inc                                             | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     12223 | NS      | $3448841.68   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's Inc                                  | Dillard's Inc                                         | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |      7113 | NS      | $2465792.58   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc                 | SS&C Technologies Holdings Inc                        | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     57462 | NS      | $4344127.20   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp PLC                                 | Noble Corp PLC                                        | CUSIP: 000000000<br>LEI: 549300I3HBUNXO0OG954 | Long             | EC               | CORP              | GB        |     22252 | NS      | $483758.48    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                                 | AptarGroup Inc                                        | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     14771 | NS      | $2214911.45   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                            | Abbott Laboratories                                   | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      6486 | NS      | $848044.50    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                                   | Veralto Corp                                          | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |      8896 | NS      | $853126.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                                 | TechnipFMC PLC                                        | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      5348 | NS      | $150653.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                                     | Acuity Inc                                            | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       887 | NS      | $216082.07    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                            | General Electric Co                                   | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     31148 | NS      | $6277567.92   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                             | Analog Devices Inc                                    | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      3567 | NS      | $695279.64    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                      | Taylor Morrison Home Corp                             | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     19573 | NS      | $1122511.55   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                         | F5 Inc                                                | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |      8004 | NS      | $2118978.96   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                             | Meta Platforms Inc                                    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     27597 | NS      | $15150753.00  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                | Ross Stores Inc                                       | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     63250 | NS      | $8791750.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                        | ITT Inc                                               | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     22552 | NS      | $3090075.04   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                | First Solar Inc                                       | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      5484 | NS      | $689996.88    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                          | Waste Connections Inc                                 | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     21364 | NS      | $4222167.32   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                    | Oracle Corp                                           | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     10644 | NS      | $1497823.68   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corp                      | Edwards Lifesciences Corp                             | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |     43607 | NS      | $3291892.43   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                              | Brown & Brown Inc                                     | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      5333 | NS      | $589829.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                   | Autodesk Inc                                          | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      3551 | NS      | $973861.75    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                        | Aon PLC                                               | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |      3565 | NS      | $1264826.35   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                              | Allstate Corp/The                                     | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      2668 | NS      | $529304.52    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                            | Cardinal Health Inc                                   | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     11575 | NS      | $1635431.75   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                    | Cencora Inc                                           | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      4950 | NS      | $1448716.50   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                         | Mueller Industries Inc                                | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     24941 | NS      | $1834659.96   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group Inc                    | Penske Automotive Group Inc                           | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |       861 | NS      | $134031.87    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                                       | LKQ Corp                                              | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |     22257 | NS      | $850439.97    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                         | Palo Alto Networks Inc                                | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |       888 | NS      | $165993.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                         | Abercrombie & Fitch Co                                | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      7889 | NS      | $547654.38    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                        | PTC Inc                                               | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |     16026 | NS      | $2483549.22   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp                          | Tenet Healthcare Corp                                 | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     10669 | NS      | $1525133.55   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                   | QUALCOMM Inc                                          | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      3052 | NS      | $453099.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                                   | AutoZone Inc                                          | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |         4 | NS      | $15050.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                             | HCA Healthcare Inc                                    | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      3949 | NS      | $1362720.92   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp                            | Otis Worldwide Corp                                   | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |      4457 | NS      | $429075.39    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                       | KLA Corp                                              | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      1779 | NS      | $1250085.51   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                     | Copart Inc                                            | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |     30249 | NS      | $1846096.47   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                          | Northrop Grumman Corp                                 | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       885 | NS      | $430552.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The               | Hartford Insurance Group Inc/The                      | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      1620 | NS      | $198725.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                            | Electronic Arts Inc                                   | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      8003 | NS      | $1161155.27   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                  | McKesson Corp                                         | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      3198 | NS      | $2279502.42   | 0.40%             |  |  |  | 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        |  10660000 | NS      | $10660000.00  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                         | CACI International Inc                                | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      1454 | NS      | $665742.98    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP                              | Hess Midstream LP                                     | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35612 | NS      | $1323698.04   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                           | Verisk Analytics Inc                                  | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      3566 | NS      | $1057069.38   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co/The                                  | Kroger Co/The                                         | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     25818 | NS      | $1864317.78   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                         | Church & Dwight Co Inc                                | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      2073 | NS      | $205931.82    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                   | Synopsys Inc                                          | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      3870 | NS      | $1776368.70   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                      | Apple Inc                                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    164865 | NS      | $35033812.50  | 6.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc                       | Lennox International Inc                              | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      4189 | NS      | $2290335.75   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Zeta Global Holdings Corp                      | Zeta Global Holdings Corp                             | CUSIP: 98956A105<br>LEI: 2549008P9XSJQHGQ9S27 | Long             | EC               | CORP              | US        |     16904 | NS      | $220766.24    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                  | AppLovin Corp                                         | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |       895 | NS      | $241032.45    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                  | Automatic Data Processing Inc                         | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      5346 | NS      | $1607007.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                                 | Murphy USA Inc                                        | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      1784 | NS      | $889448.88    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc                          | Commvault Systems Inc                                 | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     21359 | NS      | $3569729.67   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc                              | Clean Harbors Inc                                     | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     10677 | NS      | $2284237.38   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                                | WW Grainger Inc                                       | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |      1781 | NS      | $1824296.11   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                | T-Mobile US Inc                                       | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      2034 | NS      | $502296.30    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Gap Inc/The                                    | Gap Inc/The                                           | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |      4548 | NS      | $99601.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                           | Deckers Outdoor Corp                                  | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      2708 | NS      | $300127.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp                          | Encompass Health Corp                                 | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     10687 | NS      | $1250272.13   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                 | Merck & Co Inc                                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     32628 | NS      | $2779905.60   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                           | Colgate-Palmolive Co                                  | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     66772 | NS      | $6155710.68   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                 | S&P Global Inc                                        | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       890 | NS      | $445044.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                 | Eli Lilly & Co                                        | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      7948 | NS      | $7144854.60   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                        | Arthur J Gallagher & Co                               | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      2673 | NS      | $857204.37    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                 | Amazon.com Inc                                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    107696 | NS      | $19861296.32  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Light & Wonder Inc                             | Light & Wonder Inc                                    | CUSIP: 80874P109<br>LEI: 529900JXALYBOHXKFM62 | Long             | EC               | CORP              | US        |     23018 | NS      | $1965276.84   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Westinghouse Air Brake Technologies Corp       | Westinghouse Air Brake Technologies Corp              | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      1778 | NS      | $328467.72    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                                | Q2 Holdings Inc                                       | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |      6229 | NS      | $493648.25    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                         | Motorola Solutions Inc                                | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      6238 | NS      | $2747152.82   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                      | Graco Inc                                             | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     52224 | NS      | $4262000.64   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                        | Bristol-Myers Squibb Co                               | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     25658 | NS      | $1288031.60   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenable Holdings Inc                           | Tenable Holdings Inc                                  | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Long             | EC               | CORP              | US        |     18696 | NS      | $571536.72    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                            | Onto Innovation Inc                                   | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |      3551 | NS      | $433115.47    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                            | Gilead Sciences Inc                                   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     26036 | NS      | $2773875.44   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                 | ConocoPhillips                                        | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     14300 | NS      | $1274416.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** BlackRock ETF Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer