2023 Prospectus |
• | BlackRock Future Climate and Sustainable Economy ETF | BECO | NYSE Arca |
Ticker: BECO | Stock Exchange: NYSE Arca |
(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 Expenses1,3 |
Total
Annual Fund Operating Expenses3 |
Fee Waiver1 | Total
Annual Fund Operating Expenses After Fee Waiver1 | ||||||
( |
1 |
2 | |
3 |
1 Year | 3 Years | 5 Years | 10 Years | |||||
$ |
$ |
$ |
$ |
1 |
One Year | Since Inception | ||
(Inception
Date: |
|||
Return Before Taxes | - |
- | |
Return After Taxes on Distributions1 | - |
- | |
Return After Taxes on Distributions and Sale of Fund Shares1 | - |
- | |
MSCI ACWI Multiple Industries Select Index2 (Index returns do not reflect deductions for fees, expenses or taxes) | - |
- |
1 |
2 |
■ | identifying companies that have above-average return potential based on factors such as revenue and earnings growth, estimate revisions, profitability and relative value. The factors and the weight assigned to a factor may change depending on market conditions. |
■ | selecting companies with the potential for sustainable growth due to the development, advancement, and use of products and services that are furthering the transition to a lower greenhouse gas emissions economy. |
■ | 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 with a value up to 33 1⁄3% of its total assets to financial institutions that provide cash or securities issued or guaranteed by the U.S. Government as collateral. |
■ | 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. |
■ | Government intervention in issuers’ operations or structure; |
■ | A lack of market liquidity and market efficiency; |
■ | Greater securities price volatility; |
■ | Exchange rate fluctuations and exchange controls; |
■ | Less availability of public information about issuers; |
■ | Limitations on foreign ownership of securities; |
■ | Imposition of withholding or other taxes; |
■ | Imposition of restrictions on the expatriation of the funds or other assets of the Fund; |
■ | Higher transaction and custody costs and delays in settlement procedures; |
■ | Difficulties in enforcing contractual obligations; |
■ | Lower levels of regulation of the securities markets; |
■ | Weaker accounting, disclosure and reporting requirements and the risk of being delisted from U.S. exchanges; and |
■ | Legal principles relating to corporate governance, directors’ fiduciary duties and |
BlackRock Future Climate and Sustainable Economy ETF | |||
Year
Ended 07/31/23 |
Period
From 08/03/21(a) to 07/31/22 | ||
Net asset value, beginning of period | $20.58 | $25.14 | |
Net investment income(b) | 0.21 | 0.13 | |
Net realized and unrealized gain (loss)(c) | 1.50 | (4.55) | |
Net increase (decrease) from investment operations | 1.71 | (4.42) | |
Distributions from net investment income(d) | (0.17) | (0.14) | |
Net asset value, end of period | $22.12 | $20.58 | |
Total Return(e) | |||
Based on net asset value | 8.31% | (17.61)%(f) | |
Ratios to Average Net Assets(g) | |||
Total expenses | 0.70% | 0.70%(h) | |
Total expenses after fees waived | 0.69% | 0.70%(h) | |
Net investment income | 0.99% | 0.56%(h) | |
Supplemental Data | |||
Net assets, end of period (000) | $4,423 | $4,116 | |
Portfolio turnover rate(i) | 40% | 55% | |
(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 50 Hudson Yards, New York, NY 10001 |