# EDGAR Filing Document

**Accession Number:** 0001804196
**File Stem:** 0001752724-23-071874
**Filing Date:** 2023-3
**Character Count:** 41374
**Document Hash:** 1821d14a03147740fb14d09683a4c3aa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-071874.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-071874

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20230731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock ETF Trust II
- **CENTRAL INDEX KEY:** 0001804196
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23511
- **FILM NUMBER:** 23773997

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800 882 0052

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

## Series and Classes Contracts Data

### BlackRock Intermediate Muni Income Bond ETF (Series ID: S000070976)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000225367 | BlackRock Intermediate Muni Income Bond ETF |  |

## 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 II

- **b. Investment Company Act file number:** 811-23511

- **c. CIK number of Registrant:** 0001804196

- **d. LEI of Registrant:** 549300PLJCTZLQ2LE832

- **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:** BlackRock Intermediate Muni Income Bond ETF

- **b. EDGAR series identifier (if any):** S000070976

- **c. LEI of Series:** 549300VXGQ30Q3P8YF70

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

- **a. Date of fiscal year-end:** 2023-07-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $30932193.81

**Total Liabilities:** $13607.17

**Net Assets:** $30918586.64

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 42.05000000 | **1-Year:** 370.54000000 | **5-Year:** 7732.05000000 | **10-Year:** 3992.76000000 | **30-Year:** 183.16000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 52.41000000 | **1-Year:** 170.53000000 | **5-Year:** 752.47000000 | **10-Year:** 639.14000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000225367 | 2.76%                | 0.63%                | 2.09%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-93333.14               | $1273106.90                                |
| Month 2  | $-441679.27              | $649924.11                                 |
| Month 3  | $-58760.35               | $844354.85                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION                           | CUSIP: 67756DZJ8<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992532.00    | 3.21%             | 2042-12-01      | Floating      | 1.89%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue                | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972H5V0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534208.00    | 1.73%             | 2035-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REVENUE                                     | CUSIP: 46246K4T6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    170000 | PA      | $145388.76    | 0.47%             | 2048-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DQA3<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    165000 | PA      | $168413.85    | 0.54%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    300000 | PA      | $317551.80    | 1.03%             | 2052-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SOL WST DISP REVENUE                    | CUSIP: 63608RAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $242459.00    | 0.78%             | 2033-10-01      | Floating      | 2.04%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                           | SOUTH DAKOTA ST HLTH & EDUCTNL FACS AUTH                     | CUSIP: 83755VZU1<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |    215000 | PA      | $228336.88    | 0.74%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A5V4<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |    250000 | PA      | $258275.25    | 0.84%             | 2047-11-15      | Floating      | 2.36%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102269.20    | 0.33%             | 2030-09-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FIN CORP TX HOSP REVENUE          | CUSIP: 645424AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026278.00   | 3.32%             | 2034-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FIN CORP TX LEASE REVENUE         | CUSIP: 64542CAZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $288678.88    | 0.93%             | 2025-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Business Finance Corp                                                | MISSISSIPPI ST BUSINESS FIN CORP EXEPT FACS REVENUE          | CUSIP: 60528DAA6<br>LEI: 549300DYV074JUDKBQ77 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101344.50    | 0.33%             | 2047-07-15      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XZL8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    260000 | PA      | $261467.44    | 0.85%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | CONNECTICUT ST HSG FIN AUTH HSG MTGE FIN PROGRAM             | CUSIP: 20775HET6<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    220000 | PA      | $159400.78    | 0.52%             | 2038-05-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE               | CUSIP: 392274F84<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250366.00    | 0.81%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Advanced Technology Academy                                                      | ADVANCED TECHNOLOGY ACADEMY MI PUBLIC SCH ACADEMY REVENUE    | CUSIP: 00766SAE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202975.00    | 0.66%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Henderson KY                                                             | HENDERSON KY EXEMPT FACS REVENUE                             | CUSIP: 425099AC2<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    250000 | PA      | $239642.25    | 0.78%             | 2032-01-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| City of Beaumont TX                                                              | BEAUMONT TX                                                  | CUSIP: 0745097A2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $229722.13    | 0.74%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | CUSIP: 54628CUG5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    250000 | PA      | $230445.50    | 0.75%             | 2030-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182TC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $241948.00    | 0.78%             | 2034-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MJY8<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    230000 | PA      | $239751.08    | 0.78%             | 2037-10-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009RU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258691.25    | 0.84%             | 2049-07-01      | Floating      | 2.51%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447T3W1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260719.00    | 0.84%             | 2047-04-15      | Floating      | 2.41%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    315000 | PA      | $344344.46    | 1.11%             | 2053-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                             | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    243284 | PA      | $234047.92    | 0.76%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Houston Higher Education Finance Corp                                            | HOUSTON TX HGR EDU FIN CORP UNUNIV REV                       | CUSIP: 44237QAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $70457.10     | 0.23%             | 2025-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    500000 | PA      | $536055.00    | 1.73%             | 2053-11-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                             | CUSIP: 57582RW93<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    155000 | PA      | $189007.62    | 0.61%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FVM3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507914.00    | 1.64%             | 2061-05-15      | Floating      | 2.21%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                 | LAKES OF SARASOTA CDD FL IMPT REVENUE                        | CUSIP: 51206YAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $121285.00    | 0.39%             | 2026-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                 | CUSIP: 64972EKX6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    150000 | PA      | $137823.30    | 0.45%             | 2030-11-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| East Hempfield Township Industrial Development Authority                         | E HEMPFIELD TWP PA INDL DEV AUTH                             | CUSIP: 273007CK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $131564.88    | 0.43%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                    | DELAWARE ST ECON DEV AUTH REVENUE                            | CUSIP: 246387SW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $472288.00    | 1.53%             | 2040-10-01      | Floating      | 1.25%                 | No            |                  2 | On Loan: No      |
| Bethlehem Area School District Authority                                         | BETHLEHEM PA AREA SCH DIST AUTH SCH REVENUE                  | CUSIP: 087368AM8<br>LEI: 549300TFB2HAL26FJP41 | Long             | DBT              | MUN               | US        |    480000 | PA      | $469368.48    | 1.52%             | 2031-07-01      | Floating      | 3.23%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JBM7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939899.00    | 3.04%             | 2053-12-01      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593A69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $216414.60    | 0.70%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakes of Sarasota Community Development District                                 | LAKES OF SARASOTA CDD FL IMPT REVENUE                        | CUSIP: 51206YAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97035.60     | 0.31%             | 2026-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486WZ8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    130000 | PA      | $135241.21    | 0.44%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                                  | KING CNTY WA SWR REVENUE                                     | CUSIP: 495290EF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $553190.00    | 1.79%             | 2040-01-01      | Floating      | 1.89%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH ECON DEV REVENUE        | CUSIP: 837031ZG1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    210000 | PA      | $211215.69    | 0.68%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS REVENUE                                 | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083637.00   | 3.50%             | 2053-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Tuscaloosa County Industrial Development Authority                               | TUSCALOOSA CNTY AL INDL DEV AUTH GULF OPPORTUNITY ZONE       | CUSIP: 90068FAZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $99057.31     | 0.32%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024XU1<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250876.25    | 0.81%             | 2056-04-01      | Floating      | 2.07%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                              | NORTH CAROLINA ST EDU ASSISTANCE AUTH                        | CUSIP: 658262GN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $289948.10    | 0.94%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA ST HSG DEV AUTH                                     | CUSIP: 92812WBW3<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    270000 | PA      | $234429.66    | 0.76%             | 2033-12-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FTL8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    150000 | PA      | $135801.30    | 0.44%             | 2029-05-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE               | CUSIP: 745160UC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309072.00    | 1.00%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Higher Education Finance Corp                                            | HOUSTON TX HGR EDU FIN CORP UNUNIV REV                       | CUSIP: 44237QAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $109815.11    | 0.36%             | 2024-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506EDH3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    105000 | PA      | $106572.69    | 0.34%             | 2039-03-01      | Floating      | 1.96%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                                   | E-470 CO PUBLIC HIGHWAY AUTH                                 | CUSIP: 26822LMV3<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |    250000 | PA      | $248766.50    | 0.80%             | 2039-09-01      | Floating      | 3.23%                 | No            |                  2 | On Loan: No      |
| Sawyers Landing Community Development District                                   | SAWYERS LANDING CDD FL SPL ASSMNT REVENUE                    | CUSIP: 805517AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $188815.38    | 0.61%             | 2026-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758K36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $121302.30    | 0.39%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                                | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                 | CUSIP: 649519DT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $206687.75    | 0.67%             | 2036-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Allen County Port Authority                                                      | ALLEN CNTY OHIO PORT AUTH     ECONOMIC DEV REV               | CUSIP: 01757TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253335.50    | 0.82%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                        | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   3554537 | NS      | $3555247.73   | 11.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FHM0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $491858.00    | 1.59%             | 2042-05-01      | Floating      | 2.36%                 | No            |                  2 | On Loan: No      |
| County of Warrick IN                                                             | WARRICK CNTY IN ENVRNMNTL IMPT REVENUE                       | CUSIP: 936195AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $295994.40    | 0.96%             | 2055-09-01      | Floating      | 0.88%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority/The                                             | BERKS CNTY PA MUNI AUTH UNIV REVENUE                         | CUSIP: 08454AAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $193427.20    | 0.63%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT POLL CONTROL REVENUE | CUSIP: 546749AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $121717.63    | 0.39%             | 2035-02-01      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $554070.50    | 1.79%             | 2032-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AQ78<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99387.60     | 0.32%             | 2047-08-01      | Floating      | 2.01%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                         | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE         | CUSIP: 167723HD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $717060.50    | 2.32%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                     | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765UQJ6<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    500000 | PA      | $488354.50    | 1.58%             | 2048-02-15      | Floating      | 1.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                             | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562NX1<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    850000 | PA      | $856809.35    | 2.77%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tohoqua Community Development District                                           | TOHOQUA CDD FL SPL ASSMNT REVENUE                            | CUSIP: 88907RAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $218296.58    | 0.71%             | 2026-05-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Atlantic City Board of Education                                                 | ATLANTIC CITY NJ BRD OF EDU                                  | CUSIP: 048342GP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $183152.20    | 0.59%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486N70<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    500000 | PA      | $539285.00    | 1.74%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hardeeville SC                                                           | HARDEEVILLE SC ASSMNT REVENUE                                | CUSIP: 411716AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $243058.75    | 0.79%             | 2027-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Folsom Ranch Financing Authority                                                 | FOLSOM RANCH CA FING AUTH SPL TAX REVENUE                    | CUSIP: 344414DW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $117607.97    | 0.38%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hope Higher Education Finance Corp                                           | NEW HOPE TX HGR EDU FIN CORP EDU REVENUE                     | CUSIP: 645438AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $244542.00    | 0.79%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 64579F4Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011823.00   | 3.27%             | 2035-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                              | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507QA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99697.30     | 0.32%             | 2046-01-01      | Floating      | 1.91%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                 | PORT OF GTR CINCINNATI DEV AUTH OH REVENUE                   | CUSIP: 734195BQ2<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |    250000 | PA      | $235369.50    | 0.76%             | 2031-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                     | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NAW9<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100601.00   | 3.56%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sumter County Industrial Development Authority/AL                                | SUMTER CNTY AL INDL DEV AUTH EXEMPT FACS REVENUE             | CUSIP: 86651LAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $91906.60     | 0.30%             | 2052-07-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                              | NEW JERSEY ST                                                | CUSIP: 646039YS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $562916.50    | 1.82%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pueblo Urban Renewal Authority                                                   | PUEBLO CO URBAN RENEWAL AUTH TAX INCR REVENUE                | CUSIP: 744826AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $208277.50    | 0.67%             | 2025-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois Municipal Power Agency                                         | NTHRN IL MUNI PWR AGY PWR PROJ REVENUE                       | CUSIP: 665250CV6<br>LEI: VWCV6ROJUT9NS55JU583 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100366.00    | 0.32%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hospitals & Higher Education Facilities Authority of Philadelphia/The            | PHILADELPHIA PA HOSPS & HGR EDU FACS AUTH                    | CUSIP: 717903L89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521788.50    | 1.69%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FJZ8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    185000 | PA      | $183526.29    | 0.59%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                             | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797355L93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $490851.75    | 1.59%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                   | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514B72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $204872.40    | 0.66%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH SOL WST FACS REVENUE                        | CUSIP: 46246YAB8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    250000 | PA      | $246237.75    | 0.80%             | 2042-01-01      | Floating      | 1.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QKA0<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    445000 | PA      | $389527.64    | 1.26%             | 2032-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                 | CUSIP: 64972EVE6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    430000 | PA      | $384577.38    | 1.24%             | 2032-11-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** BlackRock ETF Trust II

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer