BINC
iShares Flexible Income Active ETF
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Fees as stated in the prospectus
Expense Ratio: 0.53%
Net Expense Ratio: 0.40%
Overview
Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
Performance
Performance
Chart
Distributions
| Record Date | Ex-Date | Payable Date |
|---|
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Returns
This chart shows the fund's performance as the percentage loss or gain per year over the last 0 years.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Total Return (%) | |||||
| Benchmark (%) |
| From 30/Sept/2019 To 30/Sept/2020 |
From 30/Sept/2020 To 30/Sept/2021 |
From 30/Sept/2021 To 30/Sept/2022 |
From 30/Sept/2022 To 30/Sept/2023 |
From 30/Sept/2023 To 30/Sept/2024 |
|
|---|---|---|---|---|---|
|
Total Return (%)
as of 30/Sept/2024 |
- | - | - | - | 12.15 |
|
Benchmark (%)
as of 30/Sept/2024 |
- | - | - | - | 12.08 |
| 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|
| Total Return (%) | 12.15 | - | - | - | 10.03 |
| Benchmark (%) | 12.08 | - | - | - | 6.69 |
| YTD | 1m | 3m | 6m | 1y | 3y | 5y | 10y | Incept. | |
|---|---|---|---|---|---|---|---|---|---|
| Total Return (%) | 6.13 | 1.12 | 3.99 | 4.96 | 12.15 | - | - | - | 13.99 |
| Benchmark (%) | 4.91 | 1.37 | 5.20 | 5.40 | 12.08 | - | - | - | 9.24 |
Key Facts
Key Facts
Portfolio Characteristics
Portfolio Characteristics
Sustainability Characteristics
Sustainability Characteristics
To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.
Business Involvement
Business Involvement
Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.
Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund's investment strategy, please see the fund's prospectus.
Review the MSCI methodology behind the Business Involvement metrics, using links below.
Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.
Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.
ESG Integration
ESG Integration
Fees
Fees
| Management Fee | 0.50 |
| Acquired Fund Fees and Expenses | 0.03 |
| Foreign Taxes and Other Expenses | 0.00 |
| Gross Expense Ratio | 0.53 |
| Fee Waivers | 0.13 |
| Net Expense Ratio | 0.40 |
Ratings
Ratings
Morningstar Medalist Rating
Registered Locations
Registered Locations
Holdings
Holdings
| Issuer | Weight (%) |
|---|---|
| UNIFORM MBS | 7.79 |
| ISHARES IBOXX DOLLAR HIGH YIELD CORPORATE BOND FUND | 2.40 |
| MEXICO (UNITED MEXICAN STATES) (GOVERNMENT) | 1.61 |
| COLOMBIA (REPUBLIC OF) | 1.08 |
| BRAZIL FEDERATIVE REPUBLIC OF (GOVERNMENT) | 0.98 |
| Issuer | Weight (%) |
|---|---|
| ISHARES BROAD USD HIGH YIELD CORPORATE BOND ETF | 0.69 |
| BARCLAYS PLC | 0.47 |
| SOUTH AFRICA (REPUBLIC OF) | 0.45 |
| SOFTBANK GROUP CORP | 0.44 |
| CCO HOLDINGS LLC | 0.43 |
| Issuer Ticker | Name | Type | Sector | Asset Class | Market Value | Weight (%) | Notional Value | Nominal | Par Value | CUSIP | ISIN | SEDOL | Price | Location | Exchange | Currency | Duration | YTM (%) | FX Rate | Maturity | Coupon (%) | Mod. Duration | Yield to Call (%) | Yield to Worst (%) | Real Duration | Real YTM (%) | Market Currency | Accrual Date | Effective Date | Strike price |
|---|
The values shown for “market value,” “weight,” and “notional value” (the “calculated values”) are based off of a price provided by a third-party pricing vendor for the portfolio holding and do not reflect the impact of systematic fair valuation (“the vendor price”). The vendor price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). Holdings data shown reflects the investment book of record, which may differ from the accounting book of record used for the purposes of determining the Net Assets of the Fund. Additionally, where applicable, foreign currency exchange rates with respect to the portfolio holdings denominated in non-U.S. currencies for the valuation price will be generally determined as of the close of business on the New York Stock Exchange, whereas for the vendor price will be generally determined as of 4 p.m. London. The calculated values may have been different if the valuation price were to have been used to calculate such values. The vendor price is as of the most recent date for which a price is available and may not necessarily be as of the date shown above.
Please see the “Determination of Net Asset Value” section of each Fund’s prospectus for additional information on the Fund’s valuation policies and procedures.
The “SYNTH” included in the Holdings table above are swaptions held by the Fund.
Exposure Breakdowns
Exposure Breakdowns
% of Market Value
Listings
Listings
| Exchange | Ticker | Currency | Listing Date | SEDOL | Bloomberg Ticker |
|---|---|---|---|---|---|
| NYSE Arca | BINC | USD | 23/May/2023 | - | - |
| Santiago Stock Exchange | BINCCL | CLP | 06/May/2024 | BLDCHG4 | BINCCL |
| Santiago Stock Exchange | BINC | USD | 06/May/2024 | BLDCH75 | BINC |
Portfolio Managers
Portfolio Managers
Samir Lakhani, Managing Director, is Co-Head of the Securitized Assets Team in Global Fixed Income.
Charlotte Widjaja, Vice President, is a Portfolio Manager in the Office of the CIO of Global Fixed Income, focusing on the asset allocation and portfolio construction of Multi-Sector and Yield-Focused mandates. Charlotte is also a member of the GFI ESG Implementation Committee.