iShares Disciplined Volatility Equity Active ETF
BDVL
NASDAQ Global Select- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Bellevue Parkway, Wilmington, Delaware Wilmington DE United States of America 19809
- IPO Date
- Jun 1, 2017
- CIK
- 0001761055
- Website
- ishares.com
- Similar Companies
- Business
- iShares Disciplined Volatility Equity Active ETF (BDVL) is an actively managed exchange-traded fund that seeks to provide risk-adjusted total return by investing in a broad universe of low-volatility global equities using a quantamental approach combining systematic models, screens, and fundamental concepts. The fund employs dynamic portfolio construction across nearly 3,000 securities, focusing on signals such as sentiment (earnings dispersion), consistency (fundamental stability), quality (earnings and management), GARP (growth at a reasonable price relative to history), and value (discount to peers); it optimizes for minimum risk while pursuing alpha opportunities beyond traditional minimum volatility strategies, with allocations to equities, fixed income, derivatives (including futures, swaps, options for short positions), real-asset-related securities, and cash equivalents for diversification across regions, sectors, and issuers. BDVL benchmarks against the MSCI All Country World Minimum Volatility Index (Net), features a net expense ratio of 0.40% (management fee 0.40% with waivers), and distributes annually; as of late 2025, it holds approximately 746 positions with top sectors in technology services and electronic technology, primarily in North America, and manages around $1.39 billion in assets. The ETF launched on September 12, 2025, converting from a predecessor open-end mutual fund originally incepted on June 1, 2017 (Class K shares), retaining identical investment objectives and substantially similar strategies under portfolio managers Rick Rieder (CIO of Global Fixed Income), Russ Koesterich (CFA, JD), and Randy Berkowitz (CFA), all part of BlackRock's Global Allocation team. This conversion, part of BlackRock's expansion into active ETFs leveraging its $50 billion Global Allocation platform, transferred over $3 billion in combined assets from two mutual funds (alongside BDYN), responding to client demand within the Global Allocation Selects model portfolio platform amid rapid growth in active ETF adoption. BlackRock Fund Advisors serves as investment advisor, with iShares as the brand under BlackRock, Inc., headquartered in New York, and the fund trades on NASDAQ for institutional and retail investors seeking global equity exposure with disciplined volatility management.