BLACKROCK ETF TRUST II
BlackRock High Yield ETF
(the Fund)
Supplement dated August 1, 2024 to the
Funds Prospectus, dated June 4, 2024, as amended to date
Effective immediately, the following changes are made to the Funds Prospectus:
The following is added to the section of the Funds Prospectus entitled More Information About the FundOther Strategies:
| Investment Grade Debt Securities The Fund may invest in investment grade securities, which are securities rated in the four highest rating categories of the major rating agencies (Moodys, S&P and Fitch) or deemed to be of equivalent quality by BFA. Debt obligations rated in the lowest of the top four ratings (i.e., Baa by Moodys or BBB by S&P or Fitch) are considered to have some speculative characteristics and are more sensitive to economic change than higher rated securities. If an investment grade security held by the Fund is subsequently downgraded below investment grade, BFA will consider such an event in determining whether the Fund should continue to hold the security. |
Shareholders should retain this Supplement for future reference.
PRO-HY-ETF-0824SUP