10/10/2024 | Press release | Distributed by Public on 10/10/2024 10:01
|
2023 Prospectus
|
Fund Overview
|
S-1
|
More Information About the Fund
|
1
|
A Further Discussion of Principal Risks
|
2
|
A Further Discussion of Other Risks
|
13
|
Portfolio Holdings Information
|
16
|
Management
|
17
|
Shareholder Information
|
20
|
Distribution
|
28
|
Financial Highlights
|
30
|
Disclaimers
|
31
|
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 Year
|
3 Years
|
5 Years
|
10 Years
|
|
$61
|
$192
|
$335
|
$750
|
|
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%
|
|
iShares U.S. Thematic Rotation Active 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
|
Fund
|
Ticker
|
Listing Exchange
|
iShares U.S. Thematic Rotation Active ETF (the "Fund")
(formerly known as "BlackRock Future U.S. Themes ETF")
|
THRO
|
NYSE Arca
|
|
Page
|
General Description of the Trust and the Fund
|
1
|
Exchange Listing and Trading
|
1
|
Investment Strategies and Risks of the Fund
|
2
|
Borrowing
|
2
|
Diversification Status
|
2
|
Illiquid Investments
|
3
|
Lending Portfolio Securities
|
3
|
Regulation Regarding Derivatives
|
4
|
Securities of Investment Companies
|
4
|
Short-Term Instruments and Temporary Investments
|
5
|
Future Developments
|
5
|
General Considerations and Risks
|
5
|
Borrowing Risk
|
5
|
Custody Risk
|
5
|
Environmental, Social and Governance Integration
|
6
|
Infectious Illness Risk
|
6
|
Liquidity Risk Management
|
7
|
Market Risk
|
7
|
National Closed Market Trading Risk
|
7
|
Non-U.S. Securities
|
8
|
Reference Rate Replacement Risk
|
9
|
Risk of Equity Securities
|
9
|
Risk of Investing in Developed Countries
|
10
|
Risk of Investing in Large-Capitalization Companies
|
10
|
Risk of Investing in Mid-Capitalization Companies
|
10
|
Risk of Investing in the U.S.
|
10
|
Proxy Voting Policy
|
11
|
Portfolio Holdings Information
|
11
|
Investment Policies
|
12
|
Fundamental Investment Policies
|
12
|
Non-Fundamental Investment Policies
|
13
|
Continuous Offering
|
14
|
Management
|
14
|
Trustees and Officers
|
14
|
Committees of the Board of Trustees
|
24
|
Remuneration of Trustees
|
26
|
|
Page
|
Control Persons and Principal Holders of Securities
|
27
|
Conflicts of Interest
|
27
|
Investment Advisory, Administrative and Distribution Services
|
35
|
Investment Adviser
|
35
|
Portfolio Managers
|
36
|
Codes of Ethics
|
39
|
Anti-Money Laundering Requirements
|
39
|
Administrator, Custodian and Transfer Agent
|
39
|
Credit Agreement
|
40
|
Distributor
|
40
|
Securities Lending
|
41
|
Payments by BFA and its Affiliates
|
42
|
Determination of Net Asset Value
|
43
|
Brokerage Transactions
|
46
|
Additional Information Concerning the Trust
|
50
|
Shares
|
50
|
DTC as Securities Depository for Shares of the Fund
|
50
|
Distribution of Shares
|
51
|
Creation and Redemption of Creation Units
|
52
|
General
|
52
|
Fund Deposit
|
52
|
Cash Purchase Method
|
53
|
Procedures for Creation of Creation Units
|
53
|
Role of the Authorized Participant
|
53
|
Purchase Orders
|
53
|
Timing of Submission of Purchase Orders
|
54
|
Acceptance of Orders for Creation Units
|
54
|
Issuance of a Creation Unit
|
54
|
Costs Associated with Creation Transactions
|
55
|
Redemption of Creation Units
|
56
|
Cash Redemption Method
|
57
|
Costs Associated with Redemption Transactions
|
57
|
Placement of Redemption Orders
|
57
|
Custom Baskets
|
59
|
Taxation on Creations and Redemptions of Creation Units
|
59
|
Taxes
|
59
|
Regulated Investment Company Qualifications
|
60
|
|
Page
|
Taxation of RICs
|
60
|
Excise Tax
|
60
|
Net Capital Loss Carryforwards
|
61
|
Taxation of U.S. Shareholders
|
61
|
Sales of Shares
|
62
|
Backup Withholding
|
62
|
Sections 351 and 362
|
62
|
Taxation of Certain Derivatives
|
63
|
Qualified Dividend Income and Qualified REIT Dividends
|
63
|
Corporate Dividends Received Deduction
|
64
|
Tax-Exempt Investors and Excess Inclusion Income
|
64
|
Non-U.S. Investments
|
64
|
Passive Foreign Investment Companies
|
65
|
Reporting
|
65
|
Other Taxes
|
66
|
Taxation of Non-U.S. Shareholders
|
66
|
Financial Statements
|
67
|
Miscellaneous Information
|
67
|
Counsel
|
67
|
Independent Registered Public Accounting Firm
|
67
|
Investors' Rights
|
67
|
Appendix A - Proxy Voting Policies
|
A-1
|
Name and
Year of Birth1,2
|
Position(s)
Held (Length
of Service)
|
Principal Occupation(s)
During Past Five Years
|
Number of
BlackRock-
Advised
Registered
Investment
Companies
("RICs")
Consisting
of
Investment
Portfolios
("Portfolios")
Overseen
|
Public Company
and Other
Investment
Company
Directorships
Held During
Past Five Years
|
Robert Fairbairn
1965
|
Trustee
(Since 2019)
|
Vice Chairman of BlackRock, Inc.
since 2019; Member of
BlackRock's Global Executive and
Global Operating Committees;
Co-Chair of BlackRock's Human
Capital Committee; Senior
Managing Director of BlackRock,
Inc. from 2010 to 2019; oversaw
BlackRock's Strategic Partner
Program and Strategic Product
Management Group from 2012
to 2019; Member of the Board of
Managers of BlackRock
Investments, LLC from 2011 to
2018; Global Head of BlackRock's
Retail and iShares®businesses
from 2012 to 2016.
|
97 RICs
consisting
of 272
Portfolios
|
None
|
John M. Perlowski3
1964
|
Trustee, President
and Chief Executive
Officer
(Since 2019)
|
Managing Director of BlackRock,
Inc. since 2009; Head of
BlackRock Global Accounting
and Product Services since 2009;
Advisory Director of Family
Resource Network (charitable
foundation) since 2009.
|
99 RICs
consisting
of 274
Portfolios
|
None
|
Name and
Year of Birth1,2
|
Position(s)
Held (Length
of Service)
|
Principal Occupation(s)
During Past Five Years
|
Number of
BlackRock-
Advised
Registered
Investment
Companies
("RICs")
Consisting
of
Investment
Portfolios
("Portfolios")
Overseen
|
Public Company
and Other
Investment
Company
Directorships
Held During
Past Five Years
|
Mark Stalnecker
1951
|
Chair of the Board
and Trustee
(Since 2019)
|
Chief Investment Officer,
University of Delaware from 1999
to 2013; Trustee and Chair of the
Finance and Investment
Committees, Winterthur
Museum and Country Estate
from 2005 to 2016; Member of
the Investment Committee,
Delaware Public Employees'
Retirement System since 2002;
Member of the Investment
Committee, Christiana Care
Health System from 2009 to
2017; Member of the Investment
Committee, Delaware
Community Foundation from
2013 to 2014; Director and Chair
of the Audit Committee, SEI
Private Trust Co. from 2001 to
2014.
|
28 RICs
consisting
of 169
Portfolios
|
None
|
Name and
Year of Birth1,2
|
Position(s)
Held (Length
of Service)
|
Principal Occupation(s)
During Past Five Years
|
Number of
BlackRock-
Advised
Registered
Investment
Companies
("RICs")
Consisting
of
Investment
Portfolios
("Portfolios")
Overseen
|
Public Company
and Other
Investment
Company
Directorships
Held During
Past Five Years
|
Susan J. Carter
1956
|
Trustee
(Since 2019)
|
Trustee, Financial Accounting
Foundation from 2017 to 2021;
Advisory Board Member, Center
for Private Equity and
Entrepreneurship at Tuck School
of Business from 1997 to 2021;
Director, Pacific Pension Institute
from 2014 to 2018; Senior
Advisor, Commonfund Capital,
Inc. ("CCI") (investment adviser)
in 2015; Chief Executive Officer,
CCI from 2013 to 2014; President
& Chief Executive Officer, CCI
from 1997 to 2013; Advisory
Board Member, Girls Who Invest
from 2015 to 2018 and Board
Member thereof from 2018 to
2022; Advisory Board Member,
Bridges Fund Management since
2016; Practitioner Advisory Board
Member, Private Capital
Research Institute ("PCRI") since
2017; Lecturer in the Practice of
Management, Yale School of
Management since 2019;
Advisor to Finance Committee,
Altman Foundation since 2020;
Investment Committee Member,
Tostan since 2021; Member of
the President's Counsel,
Commonfund since 2023.
|
28 RICs
consisting
of 169
Portfolios
|
None
|
Collette Chilton
1958
|
Trustee
(Since 2019)
|
Chief Investment Officer,
Williams College from 2006 to
2023; Chief Investment Officer,
Lucent Asset Management
Corporation from 1998 to 2006;
Director, Boys and Girls Club of
Boston since 2017; Director, B1
Capital since 2018; Director,
David and Lucile Packard
Foundation since 2020.
|
28 RICs
consisting
of 169
Portfolios
|
None
|
Name and
Year of Birth1,2
|
Position(s)
Held (Length
of Service)
|
Principal Occupation(s)
During Past Five Years
|
Number of
BlackRock-
Advised
Registered
Investment
Companies
("RICs")
Consisting
of
Investment
Portfolios
("Portfolios")
Overseen
|
Public Company
and Other
Investment
Company
Directorships
Held During
Past Five Years
|
Neil A. Cotty
1954
|
Trustee
(Since 2019)
|
Bank of America Corporation
from 1996 to 2015, serving in
various senior finance leadership
roles, including Chief Accounting
Officer from 2009 to 2015, Chief
Financial Officer of Global
Banking, Markets and Wealth
Management from 2008 to 2009,
Chief Accounting Officer from
2004 to 2008, Chief Financial
Officer of Consumer Bank from
2003 to 2004, Chief Financial
Officer of Global Corporate
Investment Bank from 1999 to
2002.
|
28 RICs
consisting
of 169
Portfolios
|
None
|
Lena G. Goldberg
1949
|
Trustee
(Since 2019)
|
Director, Pioneer Legal Institute
since 2023; Director, Charles
Stark Draper Laboratory, Inc.
from 2013 to 2021; Senior
Lecturer, Harvard Business
School from 2008 to 2021; FMR
LLC/Fidelity Investments
(financial services) from 1996 to
2008, serving in various senior
roles including Executive Vice
President - Strategic Corporate
Initiatives and Executive Vice
President and General Counsel;
Partner, Sullivan & Worcester LLP
from 1985 to 1996 and Associate
thereof from 1979 to 1985.
|
28 RICs
consisting
of 169
Portfolios
|
None
|
Henry R. Keizer
1956
|
Trustee
(Since 2019)
|
Director, Park Indemnity Ltd.
(captive insurer) from 2010 to
2022.
|
28 RICs
consisting
of 169
Portfolios
|
GrafTech International Ltd.
(materials manufacturing);
Sealed Air Corp. (packaging);
WABCO (commercial vehicle
safety systems) from 2015 to
2020; Hertz Global Holdings
(car rental) from 2015 to
2021.
|
Cynthia A.
Montgomery
1952
|
Trustee
(Since 2019)
|
Professor, Harvard Business
School since 1989.
|
28 RICs
consisting
of 169
Portfolios
|
None
|
Name and
Year of Birth1,2
|
Position(s)
Held (Length
of Service)
|
Principal Occupation(s)
During Past Five Years
|
Number of
BlackRock-
Advised
Registered
Investment
Companies
("RICs")
Consisting
of
Investment
Portfolios
("Portfolios")
Overseen
|
Public Company
and Other
Investment
Company
Directorships
Held During
Past Five Years
|
Donald C. Opatrny
1952
|
Trustee
(Since 2019)
|
Chair of the Board of Phoenix Art
Museum since 2022 and Trustee
thereof since 2018; Chair of the
Investment Committee of The
Arizona Community Foundation
since 2022 and Trustee thereof
since 2020; Director, Athena
Capital Advisors LLC (investment
management firm) from 2013 to
2020; Trustee, Vice Chair,
Member of the Executive
Committee and Chair of the
Investment Committee, Cornell
University from 2004 to 2019;
President and Trustee, the Center
for the Arts, Jackson Hole from
2011 to 2018; Member of the
Board and Investment
Committee, University School
from 2007 to 2018; Member of
Affordable Housing Supply Board
of Jackson, Wyoming since 2017;
Member, Investment Funds
Committee, State of Wyoming
since 2017; Trustee, Artstor (a
Mellon Foundation affiliate) from
2010 to 2015; Member of the
Investment Committee, Mellon
Foundation from 2009 to 2015;
President, Trustee and Member
of the Investment Committee,
The Aldrich Contemporary Art
Museum from 2007 to 2014;
Trustee and Chair of the
Investment Committee,
Community Foundation of
Jackson Hole since 2014.
|
28 RICs
consisting
of 169
Portfolios
|
None
|
Name and
Year of Birth1,2
|
Position(s)
Held (Length
of Service)
|
Principal Occupation(s)
During Past Five Years
|
Number of
BlackRock-
Advised
Registered
Investment
Companies
("RICs")
Consisting
of
Investment
Portfolios
("Portfolios")
Overseen
|
Public Company
and Other
Investment
Company
Directorships
Held During
Past Five Years
|
Kenneth L. Urish
1951
|
Trustee
(Since 2019)
|
Managing Partner, Urish Popeck
& Co., LLC (certified public
accountants and consultants)
since 1976; Past-Chairman of the
Professional Ethics Committee of
the Pennsylvania Institute of
Certified Public Accountants and
Committee Member thereof
since 2007; Member of External
Advisory Board, The
Pennsylvania State University
Accounting Department since
2001, Emeritus since 2022;
Principal, UP Strategic Wealth
Investment Advisors, LLC since
2013; Trustee, The Holy Family
Institute from 2001 to 2010;
President and Trustee, Pittsburgh
Catholic Publishing Associates
from 2003 to 2008; Director,
Inter-Tel from 2006 to 2007;
Member, Advisory Board, ESG
Competent Boards since 2020.
|
28 RICs
consisting
of 169
Portfolios
|
None
|
Claire A. Walton
1957
|
Trustee
(Since 2019)
|
Advisory Board Member,
Grossman School of Business at
the University of Vermont since
2023; Advisory Board Member,
Scientific Financial Systems since
2022; General Partner of Neon
Liberty Capital Management, LLC
since 2003; Chief Operating
Officer and Chief Financial
Officer of Liberty Square Asset
Management, LP from 1998 to
2015; Director, Boston Hedge
Fund Group from 2009 to 2018;
Director, Massachusetts Council
on Economic Education from
2013 to 2015; Director,
Woodstock Ski Runners from
2013 to 2022.
|
28 RICs
consisting
of 169
Portfolios
|
None
|
Name and
Year of Birth1,2
|
Position(s)
Held (Length
of Service)
|
Principal Occupation(s)
During Past Five Years
|
Officers Who Are Not Trustees
|
|
|
Jennifer McGovern
1977
|
Vice President
(Since 2019)
|
Managing Director of BlackRock, Inc.
since 2016; Director of BlackRock,
Inc. from 2011 to 2015; Head of
Americas Product Development and
Governance for BlackRock's Global
Product Group since 2019; Head of
Product Structure and Oversight for
BlackRock's U.S. Wealth Advisory
Group from 2013 to 2019.
|
Trent Walker
1974
|
Chief Financial
Officer
(Since 2021)
|
Managing Director of BlackRock, Inc.
since September 2019; Executive Vice
President of PIMCO from 2016 to
2019; Senior Vice President of PIMCO
from 2008 to 2015; Treasurer from
2013 to 2019 and Assistant Treasurer
from 2007 to 2017 of PIMCO Funds,
PIMCO Variable Insurance Trust,
PIMCO ETF Trust, PIMCO Equity
Series, PIMCO Equity Series VIT,
PIMCO Managed Accounts Trust, 2
PIMCO-sponsored interval funds and
21 PIMCO-sponsored closed-end
funds.
|
Jay M. Fife
1970
|
Treasurer
(Since 2019)
|
Managing Director of BlackRock, Inc.
since 2007.
|
Aaron Wasserman
1974
|
Chief Compliance
Officer
(Since 2023)
|
Managing Director of BlackRock, Inc.
since 2018; Chief Compliance Officer
of the BlackRock-advised funds in
the BlackRock Multi-Asset Complex,
the BlackRock Fixed-Income
Complex and the iShares Complex
since 2023; Deputy Chief Compliance
Officer for the BlackRock-advised
funds in the BlackRock Multi-Asset
Complex, the BlackRock Fixed-
Income Complex and the iShares
Complex from 2014 to 2023.
|
Lisa Belle
1968
|
Anti-Money
Laundering
Compliance Officer
(Since 2019)
|
Managing Director of BlackRock, Inc.
since 2019; Global Financial Crime
Head for Asset and Wealth
Management of JP Morgan from
2013 to 2019; Managing Director of
RBS Securities from 2012 to 2013;
Head of Financial Crimes for Barclays
Wealth Americas from 2010 to 2012.
|
Name and
Year of Birth1,2
|
Position(s)
Held (Length
of Service)
|
Principal Occupation(s)
During Past Five Years
|
Janey Ahn
1975
|
Secretary
(Since 2019)
|
Managing Director of BlackRock, Inc.
since 2018; Director of BlackRock,
Inc. from 2009 to 2017.
|
Name
|
Dollar
Range of Equity
Securities in
the Fund
|
Aggregate Dollar
Range of Equity
Securities in
Supervised Funds
|
Interested Trustees:
|
||
Robert Fairbairn
|
None
|
Over $100,000
|
John M. Perlowski
|
None
|
Over $100,000
|
|
|
|
Independent Trustees:
|
|
|
Susan J. Carter
|
None
|
Over $100,000
|
Collette Chilton
|
None
|
Over $100,000
|
Neil A. Cotty
|
None
|
Over $100,000
|
Lena G. Goldberg
|
None
|
Over $100,000
|
Henry R. Keizer
|
None
|
Over $100,000
|
Cynthia A. Montgomery
|
None
|
Over $100,000
|
Donald C. Opatrny
|
None
|
Over $100,000
|
Mark Stalnecker
|
None
|
Over $100,000
|
Kenneth L. Urish
|
None
|
Over $100,000
|
Claire A. Walton
|
None
|
Over $100,000
|
Name
|
Compensation
from the Fund
|
Estimated Annual
Benefits Upon
Retirement
|
Aggregate
Compensation from
the Fund and
Other BlackRock-
Advised Funds1
|
Interested Trustees:
|
|||
Robert Fairbairn
|
None
|
None
|
None
|
John M. Perlowski
|
None
|
None
|
None
|
Independent Trustees:
|
|||
Susan J. Carter
|
$617
|
None
|
$400,000
|
Collette Chilton
|
$617
|
None
|
$400,000
|
Neil A. Cotty
|
$617
|
None
|
$400,000
|
Lena G. Goldberg2
|
$617
|
None
|
$445,000
|
Henry R. Keizer3
|
$617
|
None
|
$445,000
|
Cynthia A. Montgomery4
|
$617
|
None
|
$445,000
|
Donald C. Opatrny5
|
$617
|
None
|
$445,000
|
Joseph P. Platt6
|
$617
|
None
|
$400,000
|
Mark Stalnecker7
|
$618
|
None
|
$550,000
|
Kenneth L. Urish
|
$617
|
None
|
$400,000
|
Claire A. Walton
|
$617
|
None
|
$400,000
|
Name and Address
|
Percentage of Ownership
|
State Street Bank and Trust Company
1776 Heritage Drive
North Quincy, MA 02171
|
80.00
%
|
Charles Schwab & Co., Inc.
101 Montgomery Street
San Francisco, CA 94014
|
5.93
%
|
Management Fee
Net of Waivers
for the Period Ended
July 31, 2023
|
Fund Inception Date
|
Management Fees
Paid Net of Waivers
for the Period Ended
July 31, 2023
|
Management Fees
Paid Net of Waivers
for the Period Ended
July 31, 2022
|
0.60%
|
12/14/21
|
$26,171
|
$16,879
|
Travis Cooke, CFA
|
|
|
Types of Accounts
|
Number
|
Total Assets
|
Registered Investment Companies
|
29
|
$16.05 Billion
|
Other Pooled Investment Vehicles
|
86
|
15.48 Billion
|
Other Accounts
|
18
|
9.36 Billion
|
Linus Franngard
|
|
|
Types of Accounts
|
Number
|
Total Assets
|
Registered Investment Companies
|
4
|
$194.3 Million
|
Other Pooled Investment Vehicles
|
2
|
2.3 Million
|
Other Accounts
|
0
|
0
|
Philip Hodges, PhD
|
|
|
Types of Accounts
|
Number
|
Total Assets
|
Registered Investment Companies
|
1
|
$32.8 Million
|
Other Pooled Investment Vehicles
|
26
|
12.76 Billion
|
Other Accounts
|
5
|
199.3 Million
|
Raffaele Savi
|
|
|
Types of Accounts
|
Number
|
Total Assets
|
Registered Investment Companies
|
33
|
$19.63 Billion
|
Other Pooled Investment Vehicles
|
53
|
20.95 Billion
|
Other Accounts
|
22
|
25.03 Billion
|
Travis Cooke, CFA
|
|
|
Types of Accounts
|
Number of Other Accounts
with Performance Fees
Managed by Portfolio Manager
|
Aggregate
of Total Assets
|
Registered Investment Companies
|
0
|
$0
|
Other Pooled Investment Vehicles
|
3
|
1.75 Billion
|
Other Accounts
|
6
|
3.44 Billion
|
Linus Franngard
|
|
|
Types of Accounts
|
Number of Other Accounts
with Performance Fees
Managed by Portfolio Manager
|
Aggregate
of Total Assets
|
Registered Investment Companies
|
0
|
$0
|
Other Pooled Investment Vehicles
|
0
|
0
|
Other Accounts
|
0
|
0
|
Philip Hodges, PhD
|
|
|
Types of Accounts
|
Number of Other Accounts
with Performance Fees
Managed by Portfolio Manager
|
Aggregate
of Total Assets
|
Registered Investment Companies
|
0
|
$0
|
Other Pooled Investment Vehicles
|
0
|
0
|
Other Accounts
|
0
|
0
|
Raffaele Savi
|
|
|
Types of Accounts
|
Number of Other Accounts
with Performance Fees
Managed by Portfolio Manager
|
Aggregate
of Total Assets
|
Registered Investment Companies
|
0
|
$0
|
Other Pooled Investment Vehicles
|
6
|
3.79 Billion
|
Other Accounts
|
3
|
2.33 Billion
|
Fund Inception Date
|
Administration, Custody and Transfer
Agency Expenses Paid During the
Period Ended July 31, 2023
|
Administration, Custody and Transfer
Agency Expenses Paid During the
Period Ended July 31, 2022
|
12/14/21
|
$55,715
|
$25,471
|
|
iShares
U.S. Thematic
Rotation
Active ETF
|
Gross income from securities lending activities
|
$6,016
|
Fees and/or compensation for securities lending activities and related services
|
|
Securities lending income paid to BTC for services as securities lending agent
|
$74
|
Cash collateral management expenses not included in securities lending income paid to BTC
|
$49
|
Administrative fees not included in securities lending income paid to BTC
|
$0
|
Indemnification fees not included in securities lending income paid to BTC
|
$0
|
Rebates (paid to borrowers)
|
$5,575
|
Other fees not included in securities lending income paid to BTC
|
$0
|
Aggregate fees/compensation for securities lending activities
|
$5,698
|
Net income from securities lending activities
|
$318
|
Fund Inception Date
|
Brokerage Commissions
Paid During the Period
Ended July 31, 2023
|
Brokerage Commissions
Paid During the Period
Ended July 31, 2022
|
12/14/21
|
$596
|
$289
|
Amount of Commissions Paid
to Brokers for Providing 28(e)
Eligible Research Services
|
Amount of Brokerage
Transactions Involved
|
$0
|
$0
|
Shares Per
Creation Unit
|
Approximate
Value Per
Creation
Unit (U.S.$)
|
40,000
|
$907,600
|
Standard Creation
Transaction Fee*
|
Maximum Additional
Charge**
|
$331.25
|
3
%
|
Standard Redemption
Transaction Fee*
|
Maximum Additional
Charge**
|
$331.25
|
2
%
|
Contents
|
|
INTRODUCTION TO BLACKROCK
|
A-4
|
PHILOSOPHY ON INVESTMENT STEWARDSHIP
|
A-4
|
KEY THEMES
|
A-5
|
BOARDS AND DIRECTORS
|
A-5
|
AUDITORS AND AUDIT-RELATED ISSUES
|
A-8
|
CAPITAL STRUCTURE, MERGERS, ASSET SALES, AND OTHER SPECIAL TRANSACTIONS
|
A-8
|
COMPENSATION AND BENEFITS
|
A-9
|
MATERIAL SUSTAINABILITY-RELATED RISKS AND OPPORTUNITIES
|
A-10
|
OTHER CORPORATE GOVERNANCE MATTERS AND SHAREHOLDER PROTECTIONS
|
A-12
|
SHAREHOLDER PROPOSALS
|
A-12
|
BLACKROCK'S OVERSIGHT OF ITS INVESTMENT STEWARDSHIP ACTIVITIES
|
A-13
|
VOTE EXECUTION
|
A-13
|
CONFLICTS MANAGEMENT POLICIES AND PROCEDURES
|
A-14
|
SECURITIES LENDING
|
A-15
|
VOTING GUIDELINES
|
A-15
|
REPORTING AND VOTE TRANSPARENCY
|
A-16
|