BlackRock Future Climate and Sustainable Economy ETF
Data updated: 2024-10-15
C000228613 — BlackRock Future Climate and Sustainable Economy ETF. Holdings, fees, performance and SEC filings.
C000228613 Fund Overview
BlackRock Future Climate and Sustainable Economy ETF is a US ETF managed by BlackRock ETF Trust, categorised as Global (incl. US) Mid Cap Growth Thematic Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: BlackRock ETF Trust
- Category: Global (incl. US) Mid Cap Growth Thematic Equity
- Assets under management: $3.24M
- 1-year return: -1.2%
- SEC CIK: 0001761055
- SEC series ID: S000072413
- Share class ID: C000228613
C000228613 Investment Objective and Strategy
BlackRock Future Climate and Sustainable Economy ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by BlackRock ETF Trust.
Investment objective
The BlackRock Future Climate and Sustainable Economy ETF (the Fund) seeks to maximize total return by investing in companies that BlackRock Fund Advisors (BFA) believes are furthering the transition to a lower greenhouse gas emissions economy.
Principal investment strategy
The Fund seeks to maximize total return by primarily investing in companies that BFA believes are expected to enable and/or benefit from the transition to a lower greenhouse gas emissions economy. The Fund focuses its investments on companies that are driving the reduction of greenhouse gases across all segments of the market and that provide solutions for the mitigation and/or adaptation to climate change, climate change risk or which are in the process of making their business models more resilient to the long-term risks presented by climate change and resource depletion. In normal market conditions, the Fund will seek to invest in a relatively concentrated portfolio of equity securities across multiple sub-themes driven by this future climate theme, including (without limitation) clean power, resource efficiency, sustainable nutrition, biodiversity and clean transport.
Resource efficiency encompasses investing in companies shifting the economy towards a model where goods are recycled, shared, re-used, or used for longer, along with companies that are focused on more efficient and sustainable use of resources. The Fund may invest in equity securities issued by U.S. and non-U.S. companies in any market capitalization range, including companies located in emerging markets. In constructing and managing the Funds portfolio, BFA will evaluate certain environmental criteria of securities, including metrics related to carbon intensity and carbon emissions generated by the companies that issued those securities, utilizing proprietary BFA research. Companies are rated by BFA based on their ability to manage the risks and opportunities associated with the future climate theme and their environmental, social and governance (ESG) risk and opportunity credentials, such as: (i) their leadership and governance framework, which is considered essential for sustainable growth; (ii) their ability to strategically manage longer-term issues surrounding ESG and the potential impact this may have on a companys financials and (iii) their alignment with the United Nations Sustainable Development Goals (UN SDGs).
The UN SDGs are a series of goals published by the United Nations which recognize that ending poverty and other deprivations must go hand-in-hand with improvements in health, education and economic growth, and a reduction in inequalities, all while tackling climate change and working to preserve the planets oceans and forests. The Fund may invest in issuers in select higher emissions sectors, where such issuers have adopted specific alignment targets to reduce carbon intensity. While the Fund does not currently intend to invest in certain other higher emissions sectors such as oil & gas and gas utilities, if the Fund were to do so in the future, the issuers in these sectors would also be subject to specific alignment targets. In addition, the Fund will not invest in companies currently operating in the following industries: coal & consumable fuels, oil & gas exploration & production, integrated oil & gas, tobacco, distillers & vintners, brewers, casinos & gaming and firearms & weapons.
Further, the Fund will not invest in companies which have been identified by a third party ratings agency as violating the United Nations Global Compact. Equity securities in which the Fund may invest include common stocks, preferred stocks, convertible securities, warrants, depositary receipts, exchange-traded funds (ETFs) and equity interests in real estate investment trusts (REITs) and master limited partnerships (MLPs). The Fund may invest in certain futures contracts. The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
C000228613 Holdings
Top 10 holdings of BlackRock Future Climate and Sustainable Economy ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Blackrock Cash Funds Treasury Sl Agency Shares | 3.70% |
| DSM-Firmenich AG | 3.40% |
| Ag Growth International Inc | 2.97% |
| NextEra Energy Inc | 2.94% |
| Symrise AG | 2.90% |
| Ecolab Inc | 2.88% |
| Avery Dennison Corp | 2.87% |
| EDP Renovaveis SA | 2.80% |
| Sse PLC | 2.73% |
| Kerry Group PLC | 2.61% |
C000228613 Portfolio Allocation
Asset-class allocation of BlackRock Future Climate and Sustainable Economy ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.1% |
| Cash & Equivalents | 3.7% |
C000228613 Performance
Total returns for C000228613 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -1.2% |
| 3 years (annualised) | -4.1% |
C000228613 Risk Information
Risk metrics for C000228613, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.5%
C000228613 Costs and Fees
C000228613 costs about $70 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.70%
- Gross expense ratio: 0.71%
- Portfolio turnover: 40%
- Brokerage commissions: 1.83 bps of average net assets (SEC N-CEN)
C000228613 Cashflows
Over the 12 months to 2024-07, BlackRock Future Climate and Sustainable Economy ETF had net outflows of $1.02M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-07 | $0 |
| 2024-06 | $0 |
| 2024-05 | $0 |
| 2024-04 | $0 |
| 2024-03 | $0 |
| 2024-02 | −$1.02M |
C000228613 Debt Constituents
No individual debt constituents are reported in BlackRock Future Climate and Sustainable Economy ETF's latest SEC N-PORT filing.
C000228613 Prospectus and SEC Filings
Official BlackRock Future Climate and Sustainable Economy ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-11-21
- Prospectus (485BPOS) — filed 2023-05-02
- Prospectus supplement (497) — filed 2023-01-30
- Portfolio holdings (N-PORT) — filed 2024-09-27
- Portfolio holdings (N-PORT) — filed 2024-06-27
- Portfolio holdings (N-PORT) — filed 2024-03-27
- Annual census (N-CEN) — filed 2024-10-15
- Annual census (N-CEN) — filed 2023-10-13
Related Funds
Other Global (incl. US) Mid Cap Growth Thematic Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.