BINC is managed by Rick Rieder, BlackRock’s Global Chief Investment Officer for Fixed Income and Morningstar’s 2023 Outstanding Portfolio Manager.¹ Rick leads a highly experienced investment team within BlackRock’s Fundamental Fixed Income platform. The team employs a research-focused approach that combines macro analysis, insights from sector specialist teams, and oversight from dedicated risk managers. This time-tested approach has led to attractive income generation across different market cycles, with clients entrusting over $2.4 trillion in assets to the team as of October 2024.

BINC is a nimble active ETF that focuses on the “plus sectors,” allocating across high yield (HY), collateralized loan obligations (CLOs), securitized assets, and emerging market debt (EMD). BINC provides direct access to harder-to-reach fixed income sectors through the deep expertise of BlackRock’s Fundamental Fixed Income platform. Its diversified strategy seeks to take advantage of relative value across income-producing sectors in global fixed income markets to help seek superior risk-adjusted yield regardless of market dynamics. View sector breakdown.

Active ETFs typically offer greater transparency, intraday liquidity, and may be more tax-efficient than other investment vehicles. BlackRock aims to build a comprehensive and complementary investment platform to its existing index ETF and active mutual fund suites, providing clients with a full set of tools to invest based on their preferences. The iShares Flexible Income Active ETF (BINC) strives to meet these needs effectively.

Active ETFs are investment funds that are actively managed by professional portfolio managers. They trade on stock exchanges, providing investors with potential benefits of active management and exchange-traded funds (ETFs). Explore active ETFs

BINC can be particularly compelling during periods of elevated yields, shifts in central bank policy, or heightened market volatility. These environments may provide attractive opportunities for fixed income investments, as higher yields may offer a counterbalance in a spread widening scenario. Additionally, elevated dispersion across sectors can create greater relative value opportunities. BINC, an actively managed fixed income ETF, seeks to capitalize on these evolving conditions across the full multisector fixed income opportunity set.

BINC can be used as part of a broader fixed income allocation to help investors pursue attractive, risk-adjusted income. Its flexible, multisector approach makes it a strong complement to core bond exposures—aiming to enhance income potential while navigating changing market conditions. Due to its multisector nature, BINC may also provide greater diversification than holding static allocations to higher-risk sectors like emerging market debt or high yield. As an income focused ETF, BINC offers a flexible approach as it seeks to capture high yield dividends.

BINC offers a very competitive cost with a net expense ratio of 0.52% compared to the Multisector Bond category average of 0.99%.* For more information on BINC's fees, view fee table.

*Morningstar Direct as of Dec. 31, 2024