5 min readBy Beqa Bumbeishvili ETF Insider
How does the IDEV ETF work?
The IDEV ETF is a specialized investment fund that focuses on a specific sector. This exchange-traded fund offers investors exposure to a range of companies in this sector.
The IDEV issuer, managed by BlackRock-advised Funds, endeavors to replicate the performance of the MSCI World ex USA Investable Market Index, devised by MSCI Inc., across non-U.S. developed markets. This index comprises a diverse array of equities from 22 developed market countries or regions, encompassing North America, Europe, Australasia, and the Far East. As of July 31, 2023, the index was primarily constituted of securities from financials and industrials sectors. Employing an indexing strategy, the Fund doesn't aim to surpass the index but rather seeks to mirror its performance while minimizing risks associated with active management. The strategy involves representative sampling, selecting securities with characteristics akin to those of the underlying index, thereby mitigating risks of poor security selection. The Fund typically invests at least 80% of its assets in component securities of the Underlying Index, utilizing futures, options, and swaps to augment its holdings. Additionally, the Fund may engage in securities lending, adhering to industry concentration policies akin to the index it tracks. Overall, the IDEV issuer, guided by BlackRock-advised Funds, strives to deliver performance reflective of the Underlying Index, prioritizing efficiency and risk mitigation in its investment approach.
The IDEV Dividend aims to provide investors with a consistent income stream by investing in dividend-paying equities across non-U.S. developed markets, mirroring the performance of the MSCI World ex USA Investable Market Index. Managed by BlackRock-advised Funds, this dividend-focused fund targets securities from 22 developed market countries or regions, spanning diverse sectors such as financials and industrials. Utilizing an indexing strategy, the fund doesn't attempt to outperform the index but instead seeks to replicate its performance while mitigating risks associated with active management. Through representative sampling, the fund selects securities with characteristics akin to the underlying index, aiming to capture dividend income while maintaining portfolio stability. With a commitment to industry concentration policies akin to the index it tracks, IDEV Dividend offers investors an opportunity to participate in the potential income generation from dividend-paying equities within non-U.S. developed markets.
The IDEV Tracking fund, managed by BlackRock-advised Funds, is designed to closely mirror the investment results of the MSCI World ex USA Investable Market Index across non-U.S. developed markets. By employing an indexing approach, the fund does not seek to outperform the index but rather aims to replicate its performance while mitigating the risks associated with active management. This strategy involves investing in a representative sample of securities that collectively possess characteristics similar to those of the underlying index, including market capitalization, industry weightings, and liquidity measures. With a focus on minimizing tracking error, IDEV Tracking provides investors with a cost-effective means of gaining exposure to a broad range of equities from 22 developed market countries or regions. By adhering to industry concentration policies akin to the index it tracks, the fund offers investors a reliable tool for achieving diversified exposure to non-U.S. developed markets while aiming to closely track the performance of the underlying index.
The IDEV Correlation fund, overseen by BlackRock-advised Funds, seeks to maintain a strong correlation with the performance of the MSCI World ex USA Investable Market Index across non-U.S. developed markets. Employing a meticulous indexing strategy, the fund prioritizes replicating the index's movements rather than attempting to outperform it. This approach involves investing in a diverse range of securities from 22 developed market countries or regions, including sectors like financials and industrials. By selecting securities with characteristics closely aligned with those of the underlying index, such as market capitalization and industry weightings, IDEV Correlation aims to achieve a high degree of correlation while managing risks associated with active management. Investors can rely on this fund to provide exposure to non-U.S. developed markets with a consistent focus on maintaining correlation with the benchmark index, offering a reliable tool for portfolio diversification and risk management.
The IDEV Sector fund, managed by BlackRock-advised Funds, is designed to offer investors targeted exposure to specific sectors within non-U.S. developed markets. Unlike broad-based index funds, IDEV Sector focuses on investing in sectors poised for growth or those showing resilience in various economic conditions. Leveraging an indexing approach, the fund aims to closely track the performance of select sectors within the MSCI World ex USA Investable Market Index across 22 developed market countries or regions. By concentrating investments in particular sectors, such as financials and industrials, IDEV Sector provides investors with the opportunity to capitalize on sector-specific trends and opportunities while managing risks associated with individual stock selection. With a commitment to industry concentration policies akin to the index it tracks, IDEV Sector offers investors a specialized avenue for targeted exposure to non-U.S. developed market sectors, enhancing portfolio diversification and potentially maximizing returns within specific areas of the market.
The IDEV Exposure fund, under the management of BlackRock-advised Funds, is tailored to provide investors with comprehensive exposure to non-U.S. developed markets. Through a meticulous indexing strategy, the fund aims to replicate the performance of the MSCI World ex USA Investable Market Index across 22 developed market countries or regions. IDEV Exposure offers investors a diversified portfolio that spans various sectors, including financials, industrials, and others, mirroring the index's composition. By investing in a representative sample of securities that closely match the characteristics of the underlying index, such as market capitalization and industry weightings, IDEV Exposure seeks to capture the broad market movements while mitigating risks associated with individual stock selection. With a focus on maintaining alignment with the benchmark index, the fund provides investors with a convenient and cost-effective means of gaining exposure to non-U.S. developed markets, facilitating portfolio diversification and potential long-term growth opportunities.
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