ADRD Profile
BLDRS
Developed Markets 100 ADR Index Fund (ADRD) is an exchange-traded fund
(ETF) that seeks to provide investment results that correspond
generally to the price and yield performance of the BNY Mellon
Developed Markets 100 ADR Index.
The BNY Mellon Developed
Markets 100 ADR Index is a market capitalization-weighted index that
is designed to track the performance of the largest and most liquid
American Depositary Receipts (ADRs) traded on U.S. exchanges. ADRs are
securities that represent ownership in a foreign company and are
traded on U.S. stock exchanges.
As an ETF, ADRD seeks to
provide investors with exposure to the performance of the BNY Mellon
Developed Markets 100 ADR Index through a diversified portfolio of
ADRs from developed markets around the world. The ETF is designed to
provide investors with an easy and efficient way to invest in a
diversified portfolio of ADRs.
ADRD's portfolio is primarily
composed of ADRs from developed markets in Europe, Asia, and
Australia. The top holdings in the ETF's portfolio include ADRs from
companies such as Nestle, Novartis, and Roche in Switzerland, and
Toyota, Sony, and Honda in Japan.
The ETF has an expense ratio
of 0.30%, which is relatively low compared to other actively managed
funds. ADRD's net asset value (NAV) has grown over time, reflecting
the performance of the underlying index and the market capitalization
of the ADRs in the portfolio.
However, as with all investments,
ADRD is subject to various risks and uncertainties, including changes
in the global economy, political and regulatory changes, and
fluctuations in currency exchange rates. In addition, the performance
of ADRs may be affected by factors such as changes in interest rates,
inflation, and market sentiment.
Overall, BLDRS Developed
Markets 100 ADR Index Fund (ADRD) is an ETF that seeks to provide
investors with exposure to a diversified portfolio of ADRs from
developed markets around the world. The ETF provides investors with an
easy and efficient way to invest in ADRs and has a relatively low
expense ratio. However, the performance of ADRs and the ETF's
portfolio is subject to various risks and uncertainties associated
with the global economy and financi
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