iShares Disciplined Volatility Equity Active ETF (BDVL)

The iShares Disciplined Volatility Equity Active ETF (BDVL) is an actively managed equity fund from iShares, part of BlackRock.

The fund invests primarily in stocks, with a portfolio constructed to deliver equity market exposure while seeking lower volatility than the broad market. BlackRock's managers typically use quantitative models to evaluate companies on factors such as valuation, quality and price behavior, and they build the portfolio with an emphasis on managing overall risk and limiting large swings in value.

The aim of such a strategy is to capture much of the long-term return potential of equities with smoother performance than a traditional market-capitalization-weighted index. Because it is actively managed, the fund does not track a benchmark and its holdings can change as the managers' models and views evolve.