BlackRock Converts Two Mutual Funds to Active ETFs

BlackRock has converted two mutual funds into active ETFs, creating the iShares Dynamic Equity Active ETF (BDYN) and iShares Disciplined Volatility Equity Active ETF (BDVL). The funds offer investors exposure to dynamic equity and disciplined volatility equity strategies, respectively. The conversion allows investors to trade the funds on major stock exchanges and provides greater flexibility and liquidity.

BlackRock, the world's largest asset manager, has announced the conversion of two mutual funds into active ETFs, marking a significant shift in its investment strategy. The newly created iShares Dynamic Equity Active ETF (BDYN) and iShares Disciplined Volatility Equity Active ETF (BDVL) aim to provide investors with dynamic equity and disciplined volatility equity strategies, respectively.

The conversion was announced on September 15, 2025, and the new ETFs will be managed by a portfolio team led by Rick Rieder, the Chief Investment Officer of Global Fixed Income at BlackRock. The funds are designed to offer investors access to the expertise of BlackRock’s $50 billion Global Allocation platform, packaged in the convenience and efficiency of an ETF BlackRock Debuts Active ETFs from its Global Allocation Franchise^[2].

The iShares Dynamic Equity Active ETF (BDYN) is an unconstrained global equity fund that seeks to provide total return by investing across regions, countries, and sectors. It aims to replicate the performance of its predecessor mutual fund, BlackRock GA Dynamic Equity Fund, which has a proven eight-year track record and $1.5 billion in assets under management (AUM) BlackRock Debuts Active ETFs from its Global Allocation ...^[3].

Similarly, the iShares Disciplined Volatility Equity Active ETF (BDVL) is a volatility-managed global equity fund that seeks to maximize risk-adjusted returns within a subset of global stocks that have historically exhibited lower volatility than the broader global equity universe. It is designed to mirror the performance of its predecessor mutual fund, BlackRock GA Disciplined Volatility Equity Fund, with a combined $1.5 billion in AUM BlackRock Debuts Active ETFs from its Global Allocation ...^[3].

Both ETFs will be listed on major stock exchanges, providing investors with greater flexibility and liquidity. This shift is part of BlackRock's broader strategy to capitalize on the growing demand for active ETFs, which are projected to reach $4 trillion in assets under management by 2030 BlackRock Debuts Active ETFs from its Global Allocation ...^[3].

Investors should carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This 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 BlackRock Debuts Active ETFs from its Global Allocation ...^[3].