# EDGAR Filing Document

**Accession Number:** 0001761055
**File Stem:** 0001752724-25-157931
**Filing Date:** 2025-6
**Character Count:** 59594
**Document Hash:** 298bd4ad7e2b9b1dcebb443570e0a9fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-157931.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-157931

**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:** 251077003

**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. Equity Factor Rotation Active ETF (Series ID: S000064945)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000210296 | iShares U.S. Equity Factor Rotation Active ETF | DYNF            |

## 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. Equity Factor Rotation Active ETF \| DYNF \| 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. Equity Factor Rotation Active ETF**

**(Formerly BlackRock U.S. Equity Factor Rotation 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** |
| **Communication Services — 12.9%** | **Communication Services — 12.9%** | **Communication Services — 12.9%** |
| Alphabet Inc., Class A | &nbsp;&nbsp;&nbsp; 2565151 | $407345979 |
| Alphabet Inc., Class C, NVS | &nbsp;&nbsp;&nbsp; 1644297 | 264550944 |
| AT&T Inc. | &nbsp;&nbsp;&nbsp; 8010655 | 221895144 |
| Comcast Corp., Class A | &nbsp;&nbsp;&nbsp; 2202701 | 75332374 |
| Meta Platforms Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 954775 | 524171475 |
| Netflix Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 299367 | 338799621 |
| Spotify Technology SA<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 349 | 214279 |
| T-Mobile U.S. Inc. | &nbsp;&nbsp;&nbsp; 118979 | 29381864 |
| Verizon Communications Inc. | &nbsp;&nbsp;&nbsp; 2574291 | 113423261 |
| Walt Disney Co. (The) | &nbsp;&nbsp;&nbsp; 173310 | 15762545 |
|  |  | 1990877486 |
| **Consumer Discretionary — 10.1%** | **Consumer Discretionary — 10.1%** | **Consumer Discretionary — 10.1%** |
| Amazon.com Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 3722387 | 686482610 |
| Booking Holdings Inc. | &nbsp;&nbsp;&nbsp; 51001 | 260068379 |
| Coupang Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 45 | 1052 |
| General Motors Co. | &nbsp;&nbsp;&nbsp; 2559830 | 115806709 |
| Hilton Worldwide Holdings Inc. | &nbsp;&nbsp;&nbsp; 431341 | 97258769 |
| Home Depot Inc. (The) | &nbsp;&nbsp;&nbsp; 368449 | 132822180 |
| Lennar Corp., Class A | &nbsp;&nbsp;&nbsp; 95163 | 10335653 |
| Macy's Inc. | &nbsp;&nbsp;&nbsp; 90 | 1028 |
| McDonald's Corp. | &nbsp;&nbsp;&nbsp; 152 | 48587 |
| PulteGroup Inc. | &nbsp;&nbsp;&nbsp; 21329 | 2187929 |
| Royal Caribbean Cruises Ltd. | &nbsp;&nbsp;&nbsp; 189567 | 40739844 |
| Tesla Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 668581 | 188646815 |
| TJX Companies Inc. (The) | &nbsp;&nbsp;&nbsp; 205204 | 26405651 |
|  |  | 1560805206 |
| **Consumer Staples — 7.3%** | **Consumer Staples — 7.3%** | **Consumer Staples — 7.3%** |
| Altria Group Inc. | &nbsp;&nbsp;&nbsp; 529353 | 31311230 |
| Coca-Cola Co. (The) | &nbsp;&nbsp;&nbsp; 1816564 | 131791718 |
| Costco Wholesale Corp. | &nbsp;&nbsp;&nbsp; 411629 | 409365041 |
| Philip Morris International Inc. | &nbsp;&nbsp;&nbsp; 334039 | 57240923 |
| Pilgrim's Pride Corp. | &nbsp;&nbsp;&nbsp; 349 | 19048 |
| Procter & Gamble Co. (The) | &nbsp;&nbsp;&nbsp; 2154123 | 350195776 |
| Walmart Inc. | &nbsp;&nbsp;&nbsp; 1574282 | 153098925 |
|  |  | 1133022661 |
| **Energy — 2.5%** | **Energy — 2.5%** | **Energy — 2.5%** |
| Chevron Corp. | &nbsp;&nbsp;&nbsp; 707212 | 96223265 |
| Exxon Mobil Corp. | &nbsp;&nbsp;&nbsp; 2815976 | 297451545 |
| Marathon Petroleum Corp. | &nbsp;&nbsp;&nbsp; 349 | 47956 |
| Valero Energy Corp. | &nbsp;&nbsp;&nbsp; 44 | 5108 |
|  |  | 393727874 |
| **Financials — 16.4%** | **Financials — 16.4%** | **Financials — 16.4%** |
| Allstate Corp. (The) | &nbsp;&nbsp;&nbsp; 129149 | 25621870 |
| American Express Co. | &nbsp;&nbsp;&nbsp; 8 | 2131 |
| Arch Capital Group Ltd. | &nbsp;&nbsp;&nbsp; 2443 | 221531 |
| Bank of America Corp. | &nbsp;&nbsp;&nbsp; 3199743 | 127605751 |
| Berkshire Hathaway Inc., Class B<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 478876 | 255360627 |
| Capital One Financial Corp. | &nbsp;&nbsp;&nbsp; 1835992 | 330955918 |
| Citigroup Inc. | &nbsp;&nbsp;&nbsp; 3240893 | 221612263 |
| Goldman Sachs Group Inc. (The) | &nbsp;&nbsp;&nbsp; 129982 | 71171644 |
| Hartford Insurance Group Inc. (The) | &nbsp;&nbsp;&nbsp; 2810277 | 344736680 |
| JPMorgan Chase & Co. | &nbsp;&nbsp;&nbsp; 1981016 | 484596134 |
| Mastercard Inc., Class A | &nbsp;&nbsp;&nbsp; 199695 | 109444842 |
| MetLife Inc. | &nbsp;&nbsp;&nbsp; 44 | 3316 |
| Morgan Stanley | &nbsp;&nbsp;&nbsp; 24 | 2770 |
| NU Holdings Ltd./Cayman Islands, Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 315 | 3915 |
| Progressive Corp. (The) | &nbsp;&nbsp;&nbsp; 571838 | 161109638 |
| Travelers Companies Inc. (The) | &nbsp;&nbsp;&nbsp; 914812 | 241629294 |
| Visa Inc., Class A | &nbsp;&nbsp;&nbsp; 464720 | 160560760 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Financials (continued)** | **Financials (continued)** | **Financials (continued)** |
| Wells Fargo & Co. | &nbsp;&nbsp;&nbsp; 1160 | $82372 |
| Willis Towers Watson PLC | &nbsp;&nbsp;&nbsp; 187 | 57559 |
|  |  | 2534779015 |
| **Health Care — 8.0%** | **Health Care — 8.0%** | **Health Care — 8.0%** |
| AbbVie Inc. | &nbsp;&nbsp;&nbsp; 186281 | 36343423 |
| Abiomed Inc., CVR<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 53 | 117 |
| Boston Scientific Corp.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1440655 | 148200180 |
| Eli Lilly & Co. | &nbsp;&nbsp;&nbsp; 70796 | 63642064 |
| Gilead Sciences Inc. | &nbsp;&nbsp;&nbsp; 397467 | 42346134 |
| Intuitive Surgical Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 202078 | 104231832 |
| Johnson & Johnson | &nbsp;&nbsp;&nbsp; 2906221 | 454271405 |
| Medtronic PLC | &nbsp;&nbsp;&nbsp; 1962307 | 166325141 |
| Merck & Co. Inc. | &nbsp;&nbsp;&nbsp; 215249 | 18339215 |
| Pfizer Inc. | &nbsp;&nbsp;&nbsp; 5264000 | 128494240 |
| UnitedHealth Group Inc. | &nbsp;&nbsp;&nbsp; 173884 | 71542833 |
|  |  | 1233736584 |
| **Industrials — 5.2%** | **Industrials — 5.2%** | **Industrials — 5.2%** |
| Automatic Data Processing Inc. | &nbsp;&nbsp;&nbsp; 125424 | 37702454 |
| Caterpillar Inc. | &nbsp;&nbsp;&nbsp; 404138 | 124987759 |
| Delta Air Lines Inc. | &nbsp;&nbsp;&nbsp; 180296 | 7505723 |
| Eaton Corp. PLC | &nbsp;&nbsp;&nbsp; 421118 | 123964506 |
| General Electric Co. | &nbsp;&nbsp;&nbsp; 474977 | 95726865 |
| Honeywell International Inc. | &nbsp;&nbsp;&nbsp; 48368 | 10181464 |
| PACCAR Inc. | &nbsp;&nbsp;&nbsp; 5132 | 462958 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp; 282220 | 170760033 |
| RTX Corp. | &nbsp;&nbsp;&nbsp; 793893 | 100133724 |
| Trane Technologies PLC | &nbsp;&nbsp;&nbsp; 339149 | 129999203 |
| United Airlines Holdings Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 104276 | 7176274 |
| United Parcel Service Inc., Class B | &nbsp;&nbsp;&nbsp; 12563 | 1197254 |
| Waste Management Inc. | &nbsp;&nbsp;&nbsp; 8 | 1867 |
|  |  | 809800084 |
| **Information Technology — 32.3%** | **Information Technology — 32.3%** | **Information Technology — 32.3%** |
| Advanced Micro Devices Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 96 | 9346 |
| Amphenol Corp., Class A | &nbsp;&nbsp;&nbsp; 2157946 | 166053945 |
| Apple Inc. | &nbsp;&nbsp;&nbsp; 5506052 | 1170036050 |
| Applied Materials Inc. | &nbsp;&nbsp;&nbsp; 781559 | 117788757 |
| AppLovin Corp., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 1047 | 281967 |
| Broadcom Inc. | &nbsp;&nbsp;&nbsp; 1357081 | 261197380 |
| Cisco Systems Inc. | &nbsp;&nbsp;&nbsp; 12299445 | 710046960 |
| Dell Technologies Inc., Class C | &nbsp;&nbsp;&nbsp; 44 | 4037 |
| Hewlett Packard Enterprise Co. | &nbsp;&nbsp;&nbsp; 287 | 4655 |
| International Business Machines Corp. | &nbsp;&nbsp;&nbsp; 100302 | 24255030 |
| Intuit Inc. | &nbsp;&nbsp;&nbsp; 8 | 5020 |
| Microsoft Corp. | &nbsp;&nbsp;&nbsp; 2822663 | 1115685777 |
| Nutanix Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 90 | 6183 |
| Nvidia Corp. | &nbsp;&nbsp;&nbsp; 8987240 | 978890181 |
| Oracle Corp. | &nbsp;&nbsp;&nbsp; 21939 | 3087256 |
| Palantir Technologies Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 363997 | 43111805 |
| Qualcomm Inc. | &nbsp;&nbsp;&nbsp; 402094 | 59694875 |
| Salesforce Inc. | &nbsp;&nbsp;&nbsp; 914279 | 245675910 |
| ServiceNow Inc.<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 114542 | 109388755 |
| Snowflake Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 20 | 3190 |
| TE Connectivity PLC, NVS | &nbsp;&nbsp;&nbsp; 64 | 9368 |
|  |  | 5005236447 |
| **Materials — 0.1%** | **Materials — 0.1%** | **Materials — 0.1%** |
| CRH PLC | &nbsp;&nbsp;&nbsp; 192112 | 18331327 |
| **Real Estate — 0.4%** | **Real Estate — 0.4%** | **Real Estate — 0.4%** |
| Alexandria Real Estate Equities Inc. | &nbsp;&nbsp;&nbsp; 375752 | 27302140 |
| Millrose Properties Inc., Class A<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; 935537 | 23425847 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**iShares U.S. Equity Factor Rotation Active ETF**

**(Formerly BlackRock U.S. Equity Factor Rotation ETF)**

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

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Real Estate (continued)** | **Real Estate (continued)** | **Real Estate (continued)** |
| VICI Properties Inc., Class A | &nbsp;&nbsp;&nbsp; 87109 | $2789230 |
|  |  | 53517217 |
| **Utilities — 4.3%** | **Utilities — 4.3%** | **Utilities — 4.3%** |
| Duke Energy Corp. | &nbsp;&nbsp;&nbsp; 2863337 | 349384381 |
| Exelon Corp. | &nbsp;&nbsp;&nbsp; 1047648 | 49134691 |
| NextEra Energy Inc. | &nbsp;&nbsp;&nbsp; 829647 | 55486791 |
| NRG Energy Inc. | &nbsp;&nbsp;&nbsp; 574471 | 62950532 |
| Southern Co. (The) | &nbsp;&nbsp;&nbsp; 1676346 | 154039434 |
| Vistra Corp. | &nbsp;&nbsp;&nbsp; 349 | 45241 |
|  |  | 671041070 |
| **Total Long-Term Investments — 99.5%** <br>**(Cost: $14,791,668,541)** | **Total Long-Term Investments — 99.5%** <br>**(Cost: $14,791,668,541)** | 15404874971 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 1.7%** | **Money Market Funds — 1.7%** | **Money Market Funds — 1.7%** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Institutional, SL Agency <br> Shares, 4.46%<sup>(d)(e)(f)</sup><br>| &nbsp;&nbsp;&nbsp; 187439232 | 187514207 |

---

---

| | | |
|:---|:---|:---|
| *Security* | &nbsp;&nbsp; *Shares* | *Value* |
| **Money Market Funds (continued)** | **Money Market Funds (continued)** | **Money Market Funds (continued)** |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL Agency <br> Shares, 4.30%<sup>(d)(e)</sup><br>| &nbsp;&nbsp;&nbsp; 67470000 | $67470000 |
| **Total Short-Term Securities — 1.7%** <br>**(Cost: $254,966,184)** | **Total Short-Term Securities — 1.7%** <br>**(Cost: $254,966,184)** | 254984207 |
| **Total Investments — 101.2%** <br>**(Cost: $15,046,634,725)** | **Total Investments — 101.2%** <br>**(Cost: $15,046,634,725)** | 15659859178 |
| **Liabilities in Excess of Other Assets — (1.2)%** | **Liabilities in Excess of Other Assets — (1.2)%** | (182407368)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | $15477451810 |

---

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

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

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

<sup>(c)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

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

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

<sup>(f)</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>| *Purchases* <br>*at Cost*<br>| *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, <br> SL Agency Shares<br>| $32360 | $187478005 <br><sup>(a)</sup><br>| $— | &nbsp;&nbsp; $(14178)<br>| $18020 | $187514207 | 187439232 | $27604 <br><sup>(b)</sup><br>| $— |
| &nbsp;&nbsp;&nbsp; BlackRock Cash Funds: Treasury, SL <br> Agency Shares<br>| 100940000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; (33470000 )<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; 67470000 | 67470000 | &nbsp;&nbsp; 2030056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
|  |  |  |  | $(14178) | $18020 | $254984207 |  | $2057660 | $— |

---

&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. 

**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.

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**iShares U.S. Equity Factor Rotation Active ETF**

**(Formerly BlackRock U.S. Equity Factor Rotation ETF)**

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

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| 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; $15404874854 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $117 | &nbsp;&nbsp; $15404874971 |
| &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; 254984207 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 254984207 |
|  | &nbsp;&nbsp; $15659859061 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $117 | &nbsp;&nbsp; $15659859178 |

---

&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. Equity Factor Rotation Active ETF

- **b. EDGAR series identifier (if any):** S000064945

- **c. LEI of Series:** 549300GSJ4RMBYLWSX89

**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:** $15838000408.57

**Total Liabilities:** $375130698.24

**Net Assets:** $15462869710.33

**Cash Not Reported:** $9251.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210296 | -0.76%               | -6.12%               | -0.33%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3941799.77             | $-130056078.64                             |
| Month 2  | $-4274664.76             | $-953842486.82                             |
| Month 3  | $-99206215.45            | $45762045.39                               |

### Schedule of Portfolio Investments

| Name                                           | Title                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Honeywell International Inc                    | Honeywell International Inc                           | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |     48320 | NS      | $10171360.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                              | Cisco Systems Inc                                     | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |  12287859 | NS      | $709378100.07  | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                 | Salesforce Inc                                        | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    913415 | NS      | $245443744.65  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                     | Intuit Inc                                            | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |         8 | NS      | $5019.76       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                      | United Parcel Service Inc                             | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     12551 | NS      | $1196110.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                              | General Motors Co                                     | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |   2557418 | NS      | $115697590.32  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                    | Vistra Corp                                           | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |       349 | NS      | $45240.87      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                           | Progressive Corp/The                                  | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    571838 | NS      | $161109638.12  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                              | Johnson & Johnson                                     | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |   2903485 | NS      | $453843740.35  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                                | McDonald's Corp                                       | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       152 | NS      | $48586.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                         | UnitedHealth Group Inc                                | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    173722 | NS      | $71476179.68   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                | Philip Morris International Inc                       | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    333727 | NS      | $57187458.72   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp           | International Business Machines Corp                  | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |    100206 | NS      | $24231814.92   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp                             | Valero Energy Corp                                    | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |        44 | NS      | $5107.96       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                  | Amphenol Corp                                         | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |   2155912 | NS      | $165897428.40  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                               | Wells Fargo & Co                                      | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      1160 | NS      | $82371.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                        | Marathon Petroleum Corp                               | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |       349 | NS      | $47956.09      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                             | NextEra Energy Inc                                    | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    828867 | NS      | $55434624.96   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                  | Hilton Worldwide Holdings Inc                         | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |    430933 | NS      | $97166772.84   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                     | AbbVie Inc                                            | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    186107 | NS      | $36309475.70   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                          | Costco Wholesale Corp                                 | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |    411239 | NS      | $408977185.50  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                         | Arch Capital Group Ltd                                | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |      2443 | NS      | $221531.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                  | Citigroup Inc                                         | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |   3240893 | NS      | $221612263.34  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                          | Spotify Technology SA                                 | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       349 | NS      | $214279.02     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                   | Comcast Corp                                          | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |   2200625 | NS      | $75261375.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                    | Exelon Corp                                           | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |   1046664 | NS      | $49088541.60   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                  | Medtronic PLC                                         | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |   1960459 | NS      | $166168504.84  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                     | Advanced Micro Devices Inc                            | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |        96 | NS      | $9345.60       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                          | Dell Technologies Inc                                 | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |        44 | NS      | $4037.44       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                   | Alphabet Inc                                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   2562733 | NS      | $406962000.40  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                       | Visa Inc                                              | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    464282 | NS      | $160409431.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co                  | Hewlett Packard Enterprise Co                         | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |       287 | NS      | $4655.14       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                                | Southern Co/The                                       | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |   1674768 | NS      | $153894431.52  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                                 | NRG Energy Inc                                        | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |    573931 | NS      | $62891358.98   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                         | Boston Scientific Corp                                | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |   1439299 | NS      | $148060688.13  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                                    | Lennar Corp                                           | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     95073 | NS      | $10325878.53   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                        | Procter & Gamble Co/The                               | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |   2152095 | NS      | $349866084.15  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA ABIOMED INC                             | CONTRA ABIOMED INC                                    | CUSIP: 003CVR016<br>LEI: N/A                  | Long             |  | CORP              | US        |        53 | NS      | $117.13        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BlackRock Funds III                            | BlackRock Cash Funds: Institutional, SL Agency Shares | CUSIP: 066922519<br>LEI: 5493008LW2651I1QB503 | Long             | STIV             | RF                | US        | 185782844 | NS      | $185857157.20  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd                    | Royal Caribbean Cruises Ltd                           | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | US        |    189387 | NS      | $40701160.17   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                 | Microsoft Corp                                        | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   2820005 | NS      | $1114635176.30 | 7.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                          | Applied Materials Inc                                 | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    780821 | NS      | $117677532.91  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                         | Trane Technologies PLC                                | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |    338831 | NS      | $129877310.61  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Coupang Inc                                    | Coupang Inc                                           | CUSIP: 22266T109<br>LEI: 549300XR4L1D80AK4W76 | Long             | EC               | CORP              | US        |        45 | NS      | $1051.65       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equities Inc            | Alexandria Real Estate Equities Inc                   | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               |  | US        |    375398 | NS      | $27276418.68   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                       | Willis Towers Watson PLC                              | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |       187 | NS      | $57558.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                    | NVIDIA Corp                                           | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   8978774 | NS      | $977968064.08  | 6.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                   | Chevron Corp                                          | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    706546 | NS      | $96132648.76   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                           | Waste Management Inc                                  | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |         8 | NS      | $1866.88       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                   | Alphabet Inc                                          | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1642749 | NS      | $264301886.61  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                             | Walt Disney Co/The                                    | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    173148 | NS      | $15747810.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilgrim's Pride Corp                           | Pilgrim's Pride Corp                                  | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |       349 | NS      | $19048.42      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                    | Walmart Inc                                           | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   1572800 | NS      | $152954800.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                               | Coca-Cola Co/The                                      | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |   1814854 | NS      | $131667657.70  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc                        | Millrose Properties Inc                               | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               |  | US        |    934655 | NS      | $23403761.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                     | PACCAR Inc                                            | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      5126 | NS      | $462416.46     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                               | Exxon Mobil Corp                                      | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   2813324 | NS      | $297171414.12  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutanix Inc                                    | Nutanix Inc                                           | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |        90 | NS      | $6183.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                      | Palantir Technologies Inc                             | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |    363655 | NS      | $43071298.20   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                | TJX Cos Inc/The                                       | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    205012 | NS      | $26380944.16   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                         | Berkshire Hathaway Inc                                | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    478426 | NS      | $255120664.50  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                    | Netflix Inc                                           | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |    299085 | NS      | $338480476.20  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                         | Intuitive Surgical Inc                                | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |    201886 | NS      | $104132798.80  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                 | Mastercard Inc                                        | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    199509 | NS      | $109342902.54  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                       | AT&T Inc                                              | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   8003107 | NS      | $221686063.90  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                   | Broadcom Inc                                          | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |   1355803 | NS      | $260951403.41  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                           | Bank of America Corp                                  | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   3196731 | NS      | $127485632.28  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                      | Tesla Inc                                             | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    667951 | NS      | $188469054.16  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                             | Home Depot Inc/The                                    | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    368101 | NS      | $132696729.49  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                           | Parker-Hannifin Corp                                  | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |    281956 | NS      | $170600297.36  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                    | Goldman Sachs Group Inc/The                           | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    129862 | NS      | $71105938.10   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                                 | ServiceNow Inc                                        | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |    114434 | NS      | $109285614.34  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                                     | Macy's Inc                                            | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |        90 | NS      | $1027.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                            | General Electric Co                                   | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    474527 | NS      | $95636171.58   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                                    | MetLife Inc                                           | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |        44 | NS      | $3316.28       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                               | Duke Energy Corp                                      | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |   2860637 | NS      | $349054926.74  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                                  | Snowflake Inc                                         | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |        20 | NS      | $3189.80       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                             | Meta Platforms Inc                                    | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    953875 | NS      | $523677375.00  | 3.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Pfizer Inc                                     | Pfizer Inc                                            | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |   5259044 | NS      | $128373264.04  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                     | Verizon Communications Inc                            | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   2571867 | NS      | $113316460.02  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                    | Oracle Corp                                           | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     21921 | NS      | $3084723.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                       | RTX Corp                                              | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    793143 | NS      | $100039126.59  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                              | Allstate Corp/The                                     | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |    129029 | NS      | $25598063.31   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                               | Altria Group Inc                                      | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    528855 | NS      | $31281773.25   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                            | VICI Properties Inc                                   | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               |  | US        |     87025 | NS      | $2786540.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                         | Palo Alto Networks Inc                                | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |         0 | NS      | $0.00          | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                            | TE Connectivity PLC                                   | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |        64 | NS      | $9368.32       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                                 | PulteGroup Inc                                        | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21311 | NS      | $2186082.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                        | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |        24 | NS      | $2770.08       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                | Caterpillar Inc                                       | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |    403760 | NS      | $124870855.20  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                   | QUALCOMM Inc                                          | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    401716 | NS      | $59638757.36   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                 | NU Holdings Ltd/Cayman Islands                        | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |       315 | NS      | $3915.45       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The               | Hartford Insurance Group Inc/The                      | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |   2810277 | NS      | $344736679.59  | 2.23%             |  |  |  | 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        |  67470000 | NS      | $67470000.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                   | United Airlines Holdings Inc                          | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |    104180 | NS      | $7169667.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                      | Apple Inc                                             | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   5500868 | NS      | $1168934450.00 | 7.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                  | AppLovin Corp                                         | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      1047 | NS      | $281967.57     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                  | Automatic Data Processing Inc                         | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |    125304 | NS      | $37666382.40   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                | T-Mobile US Inc                                       | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    118865 | NS      | $29353711.75   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The                          | Travelers Cos Inc/The                                 | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |    913948 | NS      | $241401085.24  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                            | Delta Air Lines Inc                                   | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |    180128 | NS      | $7498728.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                           | Booking Holdings Inc                                  | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     50953 | NS      | $259823613.84  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                 | Merck & Co Inc                                        | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    215045 | NS      | $18321834.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                        | CRH PLC                                               | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |    191932 | NS      | $18314151.44   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                 | Eli Lilly & Co                                        | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     70730 | NS      | $63582733.50   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                            | JPMorgan Chase & Co                                   | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |   1979150 | NS      | $484139673.00  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                 | Amazon.com Inc                                        | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   3718883 | NS      | $685836402.86  | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                            | American Express Co                                   | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |         8 | NS      | $2131.28       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                     | Capital One Financial Corp                            | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |   1834264 | NS      | $330644428.64  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                                 | Eaton Corp PLC                                        | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |    420722 | NS      | $123847935.14  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                            | Gilead Sciences Inc                                   | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    397095 | NS      | $42306501.30   | 0.27%             |  |  |  | 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