![]() |
2023 Prospectus |
• | BlackRock Future U.S. Themes ETF | BTHM | NYSE Arca |
Ticker: BTHM | Stock Exchange: NYSE Arca |
Annual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investments) | ||||||||||||
Management
Fees1 |
Distribution
and Service (12b-1) Fees |
Other
Expenses2 |
Acquired
Fund Fees and Expenses1,2 |
Total
Annual Fund Operating Expenses |
Fee Waiver1,2 | Total
Annual Fund Operating Expenses After Fee Waiver1 | ||||||
0.60% | None | 0.00% | 0.00% | 0.60% | (0.00)% | 0.60% |
1 | As described in the “Management” section of the Fund's prospectus beginning on page 17, BFA has contractually agreed to waive a portion of its management fees in an amount equal to the aggregate Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other funds advised by BFA or its affiliates through June 30, 2025. The agreement may be terminated upon 90 days' notice by a majority of the non-interested trustees of the Trust or by a vote of a majority of the outstanding voting securities of the Fund. |
2 | The amount rounded to 0.00%. |
1 | The Fund’s year-to-date return as of September 30, 2023 was 12.92%. |
One Year | Since Inception | ||
(Inception Date: 12/14/2021) | |||
Return Before Taxes | -17.79% | -14.96% | |
Return After Taxes on Distributions1 | -17.96% | -15.13% | |
Return After Taxes on Distributions and Sale of Fund Shares | -10.41% | -11.38% | |
S&P 500 Index2 (Index returns do not reflect deductions for fees, expenses or taxes) | -18.11% | -15.10% |
1 | After-tax returns in the table above are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state or local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to tax-exempt investors or investors who hold shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). Fund returns after taxes on distributions and sales of Fund shares are calculated assuming that an investor has sufficient capital gains of the same character from other investments to offset any capital losses from the sale of Fund shares. As a result, Fund returns after taxes on distributions and sales of Fund shares may exceed Fund returns before taxes and/or returns after taxes on distributions. |
2 | The S&P 500® Index covers 500 leading companies and captures approximately 80% coverage of available market capitalization. |
■ | Borrowing — The Fund may borrow for temporary or emergency purposes, including to meet payments due from redemptions or to facilitate the settlement of securities or other transactions. |
■ | Securities Lending — The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of the collateral received). |
■ | Temporary Defensive Strategies — For temporary defensive purposes, for example, to respond to adverse market, economic, political or other conditions, the Fund may depart from its principal investment strategies and may restrict the markets in which it invests and may invest without limitation in cash, cash equivalents, money market securities, such as U.S. Treasury and agency obligations, other U.S. Government securities, short-term debt obligations of corporate issuers, certificates of deposit, bankers acceptances, commercial paper (short-term, unsecured, negotiable promissory notes of a domestic or foreign issuer) or other high quality fixed income securities. Temporary defensive positions may affect the Fund's ability to achieve its investment objective. |
BlackRock Future U.S. Themes ETF | |||
Year
Ended 07/31/23 |
Period
From 12/14/21(a) to 07/31/22 | ||
Net asset value, beginning of period | $21.74 | $ 24.78 | |
Net investment income(b) | 0.17 | 0.09 | |
Net realized and unrealized gain (loss)(c) | 2.97 | (3.06) | |
Net increase (decrease) from investment operations | 3.14 | (2.97) | |
Distributions from net investment income(d) | (0.19) | (0.07) | |
Net asset value, end of period | $ 24.69 | $ 21.74 | |
Total Return(e) | |||
Based on net asset value | 14.56% | (11.99)% (f) | |
Ratios to Average Net Assets(g) | |||
Total expenses | 0.60% | 0.60% (h) | |
Total expenses after fees waived | 0.60% | 0.60% (h) | |
Net investment income | 0.80% | 0.61% (h) | |
Supplemental Data | |||
Net assets, end of period (000) | $ 4,938 | $ 4,349 | |
Portfolio turnover rate(i) | 87% | 43% | |
(a) Commencement of operations. | |||
(b) Based on average shares outstanding. | |||
(c) The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. | |||
(d) Distributions for annual periods determined in accordance with U.S. federal income tax regulations. | |||
(e) Where applicable, assumes the reinvestment of distributions. | |||
(f) Not annualized. | |||
(g) Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. | |||
(h) Annualized. | |||
(i) Portfolio turnover rate excludes in-kind transactions. |
Call: | 1-800-474-2737 (toll free) |
Write: | c/o
BlackRock Investments, LLC 1 University Square Drive, Princeton, NJ 08540 |