BlackRock International Dividend Fund - Class A
BREAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Bellevue Parkway Wilmington DE 19809
- IPO Date
- Sep 26, 1997
- CIK
- 0000844779
- Similar Companies
- Business
- BlackRock International Dividend Fund - Class A (BREAX) is an open-end mutual fund managed by BlackRock Advisors, LLC that seeks long-term total return and current income through investments primarily in dividend-paying equity securities of foreign companies. The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes in such equity securities issued by companies of any market capitalization across developed and emerging international markets; it may allocate up to 20% to global fixed-income securities, including corporate bonds, U.S. and non-U.S. government debt, supranational debt, asset-backed and mortgage-backed securities, corporate loans, and emerging market or non-investment grade debt. It targets high-quality dividend-paying companies outside the U.S., with a portfolio typically comprising around 45 holdings, quarterly dividend distributions, and an expense ratio of 0.91% for the Class A shares, which carry a minimum initial investment of $1,000. Founded in 1997 and headquartered in New York, the fund operates globally with primary exposure to international equities in regions such as Europe, Asia-Pacific, and emerging markets, serving individual and institutional investors seeking income and growth from non-U.S. dividend strategies. In a major strategic shift announced in April 2024 and completed in November 2024, the BlackRock International Dividend Fund underwent conversion from a mutual fund structure to an active ETF under the ticker BIDD (NYSE Arca), marking BlackRock's first such mutual fund-to-ETF reorganization and expanding investor access via the more liquid, tax-efficient ETF wrapper while retaining the same investment strategy, fundamental research process, and all-female portfolio management team led by Olivia Treharne and Molly Greenen. This change transferred approximately $895 million in assets to the new ETF, reflecting BlackRock's broader push into active ETFs amid growing demand, with no other significant acquisitions, partnerships, or product launches reported for BREAX in the prior two years.