BlackRock plans to convert BlackRock International Dividend’s mutual fund shares to an active exchange-traded fund by year-end 2024, a spokesperson said. The firm plans to keep the strategy’s philosophy and lead portfolio managers. The ETF is expected to charge a 0.62% expense ratio. This would be the firm’s first mutual fund-to-ETF conversion. All active ETFs in the firm’s lineup currently provide daily holdings transparency. All mutual fund shares will begin merging into a recently created active ETF shell vehicle in June 2024 and finish by year's end, according to the plan. Until the merger is official, the spokesperson could not provide additional details. The strategy’s ratings remain unchanged.
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