iShares Dynamic Equity Active ETF
BDYN
NASDAQ Global Select- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Sep 15, 2025
- CIK
- 0001761055
- Website
- ishares.com
- Similar Companies
- Business
- iShares Dynamic Equity Active ETF (BDYN) is an actively managed exchange-traded fund that seeks total return through a high-conviction global equity portfolio, employing macro, fundamental, quantitative, and thematic investment strategies across regions, countries, and sectors; it integrates fundamental security selection with unconstrained opportunity sets, including short-selling strategies and derivatives such as options, futures, swaps, credit default swaps, and forward currency contracts; the fund holds approximately 103 positions, with notable allocations to cash equivalents like BlackRock Cash Funds Treasury SL Agency and derivatives like E-mini S&P 500 Future, under a net expense ratio of 0.40% featuring a management fee waiver through June 30, 2027. Managed by BlackRock's Global Allocation Team led by Chief Investment Officer Rick Rieder, alongside Randy Berkowitz (Head of Quantitative Strategies), Russ Koesterich (lead portfolio manager of GA Selects Model Portfolios), and Sarah Thompson (Head of Fundamental Equity Strategy), BDYN targets institutional and retail investors seeking alpha generation over its benchmark, the MSCI World Index, without pursuing ESG, sustainable, or impact strategies. Launched as an ETF on September 12, 2025, following its conversion from a predecessor mutual fund within BlackRock's $50 billion Global Allocation platform—part of a broader initiative converting $3 billion from two mutual funds into active ETFs including BDYN and iShares Disciplined Volatility Equity Active ETF (BDVL)—the fund debuted with approximately $2.03 billion in assets under management to enhance accessibility and integration into BlackRock's model portfolio engine. Headquartered in New York and sponsored by BlackRock, Inc. through its iShares brand—which oversees over $5 trillion in assets including more than $80 billion across 100+ active ETFs globally—BDYN operates primarily in U.S. markets while investing worldwide, delivering performance historically reflecting inception returns of 11.06% annualized through diversified equity exposure.