iShares Flexible Income Active ETF
BINC
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 50 Hudson Yards New York NY United States of America 10001
- IPO Date
- May 23, 2023
- Website
- ishares.com
- Similar Companies
- Business
- iShares Flexible Income Active ETF (BINC) is an actively managed exchange-traded fund that seeks to maximize long-term total return, primarily through income generation and secondarily through capital appreciation, by investing in a diversified portfolio of debt and income-producing securities across global fixed income markets. Issued by BlackRock ETF Trust II and managed by BlackRock's Global Fixed Income team led by Chief Investment Officer Rick Rieder, the ETF provides flexible exposure unconstrained by traditional benchmarks; its core holdings include high yield corporate bonds, collateralized loan obligations, securitized assets such as mortgage-backed and asset-backed securities, emerging market debt, sovereign bonds, and investment-grade corporates, with top allocations to Uniform MBS (12.46%), Brazil Federative Republic government bonds (1.04%), and iShares iBoxx Investment Grade Corporate Bond ETF (0.95%) as of recent data. Launched on May 19, 2023, and headquartered in Wilmington, Delaware as part of BlackRock, Inc., BINC operates globally with investments spanning U.S., European, Latin American, African, and other emerging sovereign and corporate issuers; the fund distributes income monthly, targets institutional and retail investors seeking supplemental yield in volatile environments, and maintains assets under management exceeding $13 billion with a net expense ratio of 0.40%. Recent developments include strong performance outperformance in Q1 2025 with a net return of 4.2% versus its benchmark by 1.8 percentage points, driven by strategic allocations to technology and renewables sectors; ongoing portfolio management enhancements under additional team members such as Samir Lakhani (Co-Head of Securitized Assets), Charlotte Widjaja (Portfolio Manager focused on multi-sector mandates), and others, building on Rick Rieder's 2023 Morningstar Award for Outstanding Portfolio Manager; and sustained institutional ownership growth to 570 holders managing over 151 million shares as of mid-2025, reflecting increased adoption amid elevated yields and market dispersion.