The BlackRock International Dividend ETF (BIDD)
is BlackRock’s first active mutual fund converted ETF
Consistent historical outperformance led by
all-female portfolio management team1
Today, BlackRock announced the successful conversion of the
BlackRock International Dividend Fund into an active ETF, creating
the BlackRock International Dividend ETF (NYSE:BIDD). This marks a
significant milestone as the firm’s first active mutual fund to
active ETF conversion, catering to the growing preference among
U.S. investors for the ETF structure. It is also BlackRock’s first
U.S.-listed active ETF that provides access to high-quality
dividend-paying companies across international developed and
emerging markets.
International equities, especially among the dividend-paying
large caps, could offer investors an alternative source of alpha
over the long term.2 The rise of mega caps in the U.S. market
underscores the need for portfolio diversification to drive
potential future returns, especially during market rotations.
Led by Olivia Treharne and Molly Greenen, the all-female
portfolio management team has a proven track record of managing one
of the largest high-conviction international equity strategies.3
BIDD extends iShares’ active ETF offering with the convenience,
liquidity and potential tax-efficiency of the ETF wrapper.
“By investing exclusively in high-quality international
businesses and concentrating on valuation, we have delivered
resilient, recurring returns over time,” said Olivia Treharne,
Portfolio Manager & Co-Head of BlackRock’s Global Equity
Team.1 “The new active ETF helps empower a broader range of
investors with easy access to pursue opportunities in the
international markets.”
Fund
Name
Ticker
Underlying
Index
Expense
Ratio
BlackRock International Dividend ETF
NYSE:BIDD
MSCI ACWI ex US Index
0.61%
As BlackRock’s first mutual fund converted ETF, BIDD represents
a new chapter in the firm’s commitment to product innovation and
simplifying access to diverse and quality investment solutions.
“Our product development strategy begins with our clients. As
fee-based advisors increasingly gravitate towards active ETFs for
their tax and cost efficiency, liquidity and transparency, this
conversion is a testament to the strength of our product platform
to deliver access to our active investment strategies in a range of
formats,” says Rachel Aguirre, Head of U.S. iShares Product at
BlackRock.
BlackRock manages $33 billion in assets under management across
over 40 active ETFs in the U.S.4
BlackRock International Dividend Active ETF (BIDD)
BIDD has substantially similar investment strategies, processes,
and portfolio management team as the converted mutual fund. It aims
to deliver strong returns by investing at least 80% of its net
assets in dividend-paying international companies.
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate | Twitter:
@blackrock | LinkedIn: www.linkedin.com/company/blackrock
About iShares
iShares unlocks opportunity across markets to meet the evolving
needs of investors. With more than twenty years of experience, a
global line-up of 1,400+ exchange traded funds (ETFs) and $4.2
trillion in assets under management as of September 30, 2024,
iShares continues to drive progress for the financial industry.
iShares funds are powered by the expert portfolio and risk
management of BlackRock.
Carefully consider the Funds' investment objectives, risk
factors, and charges and expenses before investing. This and other
information can be found in the Funds' prospectuses or, if
available, the summary prospectuses which may be obtained by
visiting www.iShares.com or www.blackrock.com. Read the prospectus
carefully before investing.
Investing involves risk, including possible loss of
principal.
There is no guarantee that any fund will pay dividends.
International investing involves risks, including risks related to
foreign currency, limited liquidity, less government regulation and
the possibility of substantial volatility due to adverse political,
economic or other developments. These risks often are heightened
for investments in emerging/developing markets and in
concentrations of single countries. Funds that concentrate
investments in specific industries, sectors, markets or asset
classes may underperform or be more volatile than other industries,
sectors, markets or asset classes and the general securities
market.
Actively managed funds do not seek to replicate the performance
of a specified index, may have higher portfolio turnover, and may
charge higher fees than index funds due to increased trading and
research expenses.
Diversification and asset allocation may not protect against
market risk or loss of principal. Transactions in shares of ETFs
may result in brokerage commissions and may generate tax
consequences. All regulated investment companies are obliged to
distribute portfolio gains to shareholders.
This information should not be relied upon as research,
investment advice, or a recommendation regarding any products,
strategies, or any security in particular. This material is
strictly for illustrative, educational, or informational purposes
and is subject to change.
The Funds are distributed by BlackRock Investments, LLC
(together with its affiliates, “BlackRock”).
© 2024 BlackRock, Inc. or its affiliates. All Rights Reserved.
BLACKROCK is a trademark of BlackRock, Inc. or its
affiliates. All other trademarks are those of their respective
owners.
____________________________ 1 BlackRock, Morningstar as of
09/30/2024. Past performance is no guarantee of future results.
2Morningstar, 11/08/2024. The average Foreign Large Blend fund has
beaten the MSCI ACWI ex USA index over the last 3/5/10Y net of
fees. Alpha is the excess return of a fund relative to the return
of a benchmark. Past performance is no guarantee of future results.
3 Morningstar, as of 11/12/2024. BIDD’s $895m AUM stands to be one
of the largest concentrated fundamental stock picking strategies in
the Morningstar Foreign Blend category. 4 BlackRock, as of
11/15/2024.
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version on businesswire.com: https://www.businesswire.com/news/home/20241118430815/en/
Joanna Yau Joanna.yau@blackrock.com 646.856.7274
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