M&A - BlackRock ETF Trust

Form Type: 497

Filing Date: 2025-04-23

Corporate Action: Merger

Type: New

Accession Number: 000119312525091504

Filing Summary: BlackRock ETF Trust is informing shareholders about a reorganization involving the BlackRock GA Disciplined Volatility Equity Fund and the BlackRock GA Dynamic Equity Fund. The Disciplined Volatility Target Fund will be reorganized into the iShares Disciplined Volatility Equity Active ETF, while the Dynamic Target Fund will transition into the iShares Dynamic Equity Active ETF. Each Target Fund will subsequently be liquidated. The reorganization serves to provide shareholders with lower annual fund operating expenses, increased flexibility in trading throughout the day at market prices, and full daily transparency of portfolio holdings which are not provided by the current mutual fund structure. Shareholders must hold their shares through a brokerage account that accepts ETF shares to automatically receive shares of the corresponding Acquiring Fund. For those without such an account, there are provisions for liquidation or transfer to a money market fund. No shareholder vote is required for this process. Each Acquiring Fund will retain the same investment objectives and similar investment strategies as their respective Target Funds, with certain structural differences evident in trading and expense management.

Form Type: N-14/A

Filing Date: 2025-04-22

Corporate Action: Merger

Type: Update

Accession Number: 000119312525088916

Filing Summary: On April 22, 2025, BlackRock ETF Trust filed a Post-Effective Amendment No. 1 to its N-14 Registration Statement, primarily focused on the reorganization of two specific funds: BlackRock GA Disciplined Volatility Equity Fund and BlackRock GA Dynamic Equity Fund. These funds will be reorganized into two new exchange-traded funds (ETFs): iShares Disciplined Volatility Equity Active ETF and iShares Dynamic Equity Active ETF, respectively. Following their reorganization, each Target Fund will undergo liquidation. The boards of both the Target Trust and the Acquiring Trust have concluded that the reorganizations are in the best interests of the shareholders, aiming to enhance benefits such as lower expense ratios, increased trading flexibility throughout the trading day, improved portfolio transparency, and greater tax efficiency. Shareholders holding shares of the Target Funds through brokerage accounts that can accept ETF shares will automatically receive shares of the corresponding Acquiring Funds, while those with incompatible accounts may face liquidation of their investments by September 5, 2025, unless they take action in advance. The filing emphasizes that no shareholder vote is necessary for the reorganization to proceed.

Form Type: N-14

Filing Date: 2025-02-20

Corporate Action: Merger

Type: New

Accession Number: 000119312525030814

Filing Summary: On February 20, 2025, BlackRock ETF Trust filed a Registration Statement under Form N-14 concerning the reorganization of two of its funds: BlackRock GA Disciplined Volatility Equity Fund and BlackRock GA Dynamic Equity Fund. Each of these mutual funds will be reorganized into newly formed exchange-traded funds (ETFs) named iShares Disciplined Volatility Equity Active ETF and iShares Dynamic Equity Active ETF. Following these reorganizations, the mutual funds will be liquidated. This strategic move is intended to lower total annual fund operating expenses, enhance trading flexibility, and increase transparency for shareholders. The document outlines the steps involved in the reorganization process, which includes the transfer of assets, distribution of new ETF shares to shareholders, and the subsequent liquidation of the mutual funds. Significant emphasis is placed on the benefits of the ETF structure compared to mutual funds, including daily trading, lower expenses, and tax efficiency. Importantly, no shareholder vote is required to complete the reorganizations. Shareholders are advised to ensure they hold their shares through a brokerage capable of accepting ETF shares; otherwise, their investments will be liquidated with an equivalent cash value as of September 5, 2025.

Form Type: 497

Filing Date: 2025-01-10

Corporate Action: Merger

Type: Update

Accession Number: 000119312525004472

Filing Summary: On January 10, 2025, a supplement was issued regarding the BlackRock International Dividend ETF (the 'Fund'), indicating a name change to 'iShares International Dividend Active ETF' effective February 19, 2025. This reorganization follows the November 15, 2024 acquisition of all assets and certain liabilities from the Fund's predecessor, the BlackRock International Dividend Fund. The change is a result of a Board of Trustees decision on July 30, 2024, to approve this transition. Stakeholders are advised to retain the supplement for future reference.

Form Type: 497K

Filing Date: 2025-01-10

Corporate Action: Merger

Type: Update

Accession Number: 000119312525004480

Filing Summary: On January 10, 2025, BlackRock ETF Trust issued an update concerning the BlackRock International Dividend ETF. The Board of Trustees had approved a name change for the Fund to 'iShares International Dividend Active ETF', which is slated to take effect on February 19, 2025. This update follows a reorganization that took place on November 15, 2024, when the Fund acquired all assets and assumed certain stated liabilities of its predecessor, the BlackRock International Dividend Fund. This document serves as a supplement to the Summary Prospectus, Prospectus, and Statement of Additional Information dated November 18, 2024.