# EDGAR Filing Document

**Accession Number:** 0001804196
**File Stem:** 0001410368-25-010163
**Filing Date:** 2025-9
**Character Count:** 20196
**Document Hash:** f2f3f22ac3ac3f160fde7da441ba90d6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010163.hdr.sgml**: 20250924

**ACCESSION NUMBER**: 0001410368-25-010163

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250924

**DATE AS OF CHANGE**: 20250924

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock ETF Trust II
- **CENTRAL INDEX KEY:** 0001804196

**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:** 811-23511
- **FILM NUMBER:** 251338632

**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

### iShares BBB-B CLO Active ETF (Series ID: S000089141)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000255648 | iShares BBB-B CLO Active 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:** iShares BBB-B CLO Active ETF

- **b. EDGAR series identifier (if any):** S000089141

- **c. LEI of Series:** 52990036JB8ZZNY5F960

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $65624210.85

**Total Liabilities:** $774631.58

**Net Assets:** $64849579.27

**Delayed Delivery Securities:** $750000.00

**Cash Not Reported:** $3596.83

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 21444.06000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 2175.45000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255648 | 2.11%                | 0.59%                | 0.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-23430.00               | $913784.72                                 |
| Month 2  | $-38216.06               | $20051.39                                  |
| Month 3  | $-66278.64               | $194205.95                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Oak Hill Credit                                | OHA Credit Funding 2 LTD                         | CUSIP: 67707ECA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002048.40   | 3.09%             | 2038-01-21      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Birch Grove CLO Ltd.                           | Birch Grove Clo 11 Ltd                           | CUSIP: 09077YAJ3<br>LEI: 2549009HQHT8KMO8YJ79 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2518002.75   | 3.88%             | 2038-01-22      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                   | Voya CLO 2024-7 Ltd                              | CUSIP: 92920XAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002978.30   | 1.55%             | 2038-01-20      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| Invesco U.S. CLO 2025-2, Ltd.                  | Invesco US CLO 2023-3 Ltd                        | CUSIP: 46091RAS2<br>LEI: 213800YAVR2FVYDIRM63 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1001248.30   | 1.54%             | 2038-07-15      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                                 | Barings CLO Ltd 2023-III                         | CUSIP: 067932AJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $2270429.78   | 3.50%             | 2036-10-15      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO Ltd                               | Whitebox Clo I Ltd                               | CUSIP: 96467FBE9<br>LEI: 549300E4AC0513DYO913 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2013339.40   | 3.10%             | 2036-07-24      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                | OHA Credit Funding 11 Ltd                        | CUSIP: 67115VAW2<br>LEI: 2549002MG7GTTY5LHR97 | Long             | ABS-CBDO         | CORP              | BM        |    550000 | PA      | $551141.47    | 0.85%             | 2037-07-19      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                          | Palmer Square CLO 2023-1 Ltd                     | CUSIP: 69702UAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501118.05    | 0.77%             | 2038-01-20      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                       | Neuberger Berman Loan Advisers Clo 44 Ltd        | CUSIP: 64133VAQ0<br>LEI: 549300HMTDFWN3B2DI35 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1999695.00   | 3.08%             | 2035-10-16      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                          | Palmer Square CLO 2023-1 Ltd                     | CUSIP: 69702TAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2009991.20   | 3.10%             | 2038-01-20      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                | OHA Credit Partners XIV Ltd                      | CUSIP: 67706XAY9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4010445.20   | 6.18%             | 2037-07-21      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                | Golub Capital Partners CLO 74 B Ltd              | CUSIP: 38190BAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2009989.20   | 3.10%             | 2037-07-25      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                          | Palmer Square CLO 2015-1 Ltd                     | CUSIP: 69689ACC2<br>LEI: 5493006ZPBFJJGSXB826 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000504.20   | 3.08%             | 2034-05-21      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                       | Neuberger Berman Loan Advisers CLO 59 Ltd        | CUSIP: 640962AL0<br>LEI: 254900ERHU6RJHYSL744 | Long             | ABS-CBDO         | CORP              | KY        |   1650000 | PA      | $1665339.23   | 2.57%             | 2039-01-23      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                               | Flatiron CLO 23 LLC                              | CUSIP: 33883DAW4<br>LEI: 254900WPX2H2R5L2RO76 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1002727.60   | 1.55%             | 2036-04-17      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                          | Sixth Street CLO XX Ltd                          | CUSIP: 83012QAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $701977.92    | 1.08%             | 2038-07-17      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                               | Flatiron CLO 23 LLC                              | CUSIP: 33883DAY0<br>LEI: 254900WPX2H2R5L2RO76 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1003206.00   | 1.55%             | 2036-04-17      | Floating      | 9.27%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO V Ltd                              | Elmwood CLO V Ltd                                | CUSIP: 29003BAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2019372.80   | 3.11%             | 2037-10-20      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                        | Bryant Park Funding 2023-19 Ltd                  | CUSIP: 11765BAE7<br>LEI: 5493004CTFWJSWYD8564 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $993690.00    | 1.53%             | 2038-04-15      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| Whitebox CLO Ltd                               | Whitebox Clo II Ltd                              | CUSIP: 96466EAJ3<br>LEI: 549300C89ZJ5IWOT1F21 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $503300.10    | 0.78%             | 2037-10-24      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                          | Palmer Square CLO 2024-4 Ltd                     | CUSIP: 69703WAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2009992.00   | 3.10%             | 2038-01-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                         | RR 28 Ltd                                        | CUSIP: 74989NAG4<br>LEI: 254900ZSKVCYOXP11C98 | Long             | ABS-CBDO         | CORP              | KY        |   1950000 | PA      | $1969895.07   | 3.04%             | 2037-04-15      | Floating      | 8.77%                 | No            |                  2 | On Loan: No      |
| Sandstone Peak, Ltd                            | Sandstone Peak III Ltd                           | CUSIP: 799928AN6<br>LEI: 2549005C0PJHMYEI7U38 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1513188.60   | 2.33%             | 2037-04-25      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                  | Ballyrock CLO 28 Ltd                             | CUSIP: 05876HAJ1<br>LEI: 2549006FL37LMQQU3H44 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2009990.80   | 3.10%             | 2038-01-20      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| Wellington Management CLO                      | Wellington Management Clo 3 Ltd                  | CUSIP: 949574AA5<br>LEI: 2138007662K4YWZ79U31 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $505877.85    | 0.78%             | 2037-07-18      | Floating      | 10.08%                | No            |                  2 | On Loan: No      |
| Aimco                                          | AIMCO CLO 18 Ltd                                 | CUSIP: 00889EAW5<br>LEI: 2549005IX0D6XDJNNS95 | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2004687.40   | 3.09%             | 2037-07-20      | Floating      | 7.18%                 | No            |                  2 | 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        |   2160000 | NS      | $2160000.00   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| 720 East CLO Ltd.                              | 720 East CLO 2022-I Ltd                          | CUSIP: 81785AAS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1258268.25   | 1.94%             | 2038-01-20      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| Regatta VIII Funding Ltd                       | Regatta VIII Funding Ltd                         | CUSIP: 75888KAU8<br>LEI: 2549002R0TTC87W9EH67 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1007771.30   | 1.55%             | 2037-04-17      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                    | OCP CLO 2023-26 Ltd                              | CUSIP: 67116HAQ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $995085.60    | 1.53%             | 2037-04-17      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                       | Madison Park Funding XXXVII Ltd                  | CUSIP: 55817EBC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2020498.80   | 3.12%             | 2037-04-15      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                               | Trinitas CLO XXXII Ltd                           | CUSIP: 89642QAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $750000.00    | 1.16%             | 2038-07-23      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                               | Trinitas CLO XXXI Ltd                            | CUSIP: 895972AJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1764719.95   | 2.72%             | 2038-01-22      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Bryant Park Funding Ltd                        | Bryant Park Funding 2023-20 Ltd                  | CUSIP: 117919AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999463.80    | 1.54%             | 2038-04-15      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                                 | Pikes Peak CLO 6                                 | CUSIP: 72133BAC8<br>LEI: 635400BKNXKWEO3G2J74 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $984152.20    | 1.52%             | 2034-05-18      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                                   | Ares LXXV CLO Ltd                                | CUSIP: 039948AJ3<br>LEI: 25490072V6KJ3BBCBI71 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2003656.40   | 3.09%             | 2037-01-15      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| Trimaran CAVU Ltd                              | Trimaran Cavu 2025-1 Ltd                         | CUSIP: 89624FAJ4<br>LEI: 254900F7449TAF4K0V04 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1007129.20   | 1.55%             | 2038-04-25      | Floating      | 8.04%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                               | Symphony CLO XXXIII Ltd                          | CUSIP: 87169JAS1<br>LEI: 254900K6DKU2R9SF7M98 | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2004480.80   | 3.09%             | 2038-01-24      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD         | Goldentree Loan Management US Clo 10 Ltd         | CUSIP: 38138TAY7<br>LEI: 5493007PBV0WMI12LF68 | Long             | ABS-CBDO         | CORP              | KY        |   3050000 | PA      | $3057248.94   | 4.71%             | 2037-10-20      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO, LTD                | Golub Capital Partners CLO 76 B Ltd              | CUSIP: 38180CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    650000 | PA      | $658297.84    | 1.02%             | 2037-10-25      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                                 | Apidos CLO L                                     | CUSIP: 03771MAJ1<br>LEI: 2549007IRDJIM26V8J63 | Long             | ABS-CBDO         | CORP              | KY        |   2890000 | PA      | $2907836.21   | 4.48%             | 2038-01-20      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer