Definitive Materials Filed by Investment Companies. (497)
March 10 2020 - 4:50PM
Edgar (US Regulatory)
BLACKROCK ETF TRUST
BlackRock U.S. Equity Factor Rotation ETF
(the Fund)
Supplement dated March 10, 2020 to the Prospectus
and Statement of Additional Information of the Fund, each dated November 27, 2019
The section of the Funds Prospectus entitled A Further Discussion of Principal Risks Market Risk is deleted in its
entirety and replaced with the following:
Market Risk. The Fund could lose money over short periods due to short-term market movements and
over longer periods during more prolonged market downturns. The value of a security or other asset may decline due to changes in general market conditions, economic trends or events that are not specifically related to the issuer of the security or
other asset, or factors that affect a particular issuer or issuers, country, group of countries, region, market, industry, group of industries, sector or asset class. Local, regional or global events such as war, acts of terrorism, the spread of
infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments. During a general market downturn, multiple asset classes may be negatively affected. Changes in market
conditions and interest rates generally do not have the same impact on all types of securities and instruments.
The section of the Funds
Statement of Additional Information entitled General Considerations and Risks is amended to add the following:
Recent Market
Events. Stresses associated with the 2008 financial crisis in the United States and global economies peaked approximately a decade ago, but periods of unusually high volatility in the financial markets and restrictive credit conditions,
sometimes limited to a particular sector or a geography, continue to recur. Some countries, including the United States, have adopted and/or are considering the adoption of more protectionist trade policies, a move away from the tighter financial
industry regulations that followed the financial crisis, and/or substantially reducing corporate taxes. The exact shape of these policies is still being considered, but the equity and debt markets may react strongly to expectations of change, which
could increase volatility, especially if the markets expectations are not borne out. A rise in protectionist trade policies, and the possibility of changes to some international trade agreements, could affect the economies of many nations in
ways that cannot necessarily be foreseen at the present time. In addition, geopolitical and other risks, including environmental and public health, may add to instability in world economies and markets generally. Economies and financial markets
throughout the world are becoming increasingly interconnected. As a result, whether or not the Fund invests in securities of issuers located in or with significant exposure to countries experiencing economic, political and/or financial difficulties,
the value and liquidity of the Funds investments may be negatively affected by such events.
A recent outbreak of respiratory disease caused by a
novel coronavirus was first detected in China in December 2019 and has now been detected internationally. This coronavirus has resulted in closing borders, enhanced health screenings, healthcare service preparation and delivery, quarantines,
cancellations, disruptions to supply chains and customer activity, as well as general concern and uncertainty. The impact of this coronavirus, and other epidemics and pandemics that may arise in the future, could affect the economies of many
nations, individual companies and the market in general in ways that cannot necessarily be foreseen at the present time. In addition, the impact of infectious diseases in developing or emerging market countries may be greater due to less established
health care systems. Health crises caused by the recent coronavirus outbreak may exacerbate other pre-existing political, social and economic risks in certain countries. The impact of the outbreak may be short
term or may last for an extended period of time.
Shareholders should retain this Supplement for future reference.
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