|
SIDLEY AUSTIN LLP 787 SEVENTH AVENUE NEW YORK, NY 10019 +1 212 839 5300 +1 212 839 5599 FAX
AMERICA ASIA PACIFIC EUROPE |
March 13, 2019
VIA EDGAR
Ms. Samantha Brutlag
Division of Investment Management
Securities and Exchange Commission
100 F Street, NE
Washington, D.C. 20549
Re: | Pre-Effective Amendment No. 2 to the Registration Statement on |
Form N-1A of BlackRock ETF Trust (the Trust) relating to
BlackRock U.S. Equity Factor Rotation ETF (the Fund)
Dear Ms. Brutlag:
On behalf of the Trust, we herewith transmit for filing, under the Securities Act of 1933, as amended (the Securities Act), and the Investment Company Act of 1940, as amended (the 1940 Act), Pre-Effective Amendment No. 2 (the Amendment) to the Trusts Registration Statement on Form N-1A (the Registration Statement) with respect to the Fund.
The Amendment is being filed pursuant to Rule 472 under the Securities Act.
The Amendment is being filed for the purpose of responding to the comment provided by Ms. Samantha Brutlag of the staff (the Staff) of the Securities and Exchange Commission (the Commission) in a phone call that occurred on March 12, 2019. We have discussed the Staffs comment with representatives of the Trust. For convenience, the Staffs comment is restated below, and the Trusts response to the Staffs comment is set out immediately under the restated comment. In addition, the Amendment is being filed to (i) include audited financial statements for the Fund, (ii) complete certain information related to the Funds portfolio managers, and (iii) file additional exhibits to the Funds Registration Statement.
* * * * * * * * * *
Sidley Austin (NY) LLP is a Delaware limited liability partnership doing business as Sidley Austin LLP and practicing in affiliation with other Sidley Austin partnerships.
March 13, 2019
Page 2
Prospectus: Principal Risks of Investing in the Fund
Comment 1: After further discussion within the Staff regarding the Staffs comment provided on January 31, 2019 regarding the order of the principal risk factors in the Funds Prospectus, the Staff requests that the Fund move certain of the more prominent or significant risks of investing in the Fund to earlier in the principal risk factor disclosure in the Funds Prospectus.
Response: In response to the Staffs comment, the Fund has moved certain of the risk factors that it currently considers more prominent and/or significant principal risks of investing in the Fund to earlier in the risk factor disclosure in the Funds Prospectus.
* * * * * * * * * *
Please do not hesitate to contact me at (212) 839-8615 if you have comments or if you require additional information regarding the Trusts Registration Statement.
Respectfully submitted, |
/s/ Jesse C. Kean |
Jesse C. Kean |
cc: | Benjamin Archibald |
Dean Caruvana
John A. MacKinnon