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Trending ETFs

Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BlackRock Flexible Income ETF

BINC | Active ETF

$52.25

$2.69 B

5.46%

$2.85

0.53%

Vitals

YTD Return

1.4%

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$2.69 B

Holdings in Top 10

25.5%

52 WEEK LOW AND HIGH

$52.2
$49.54
$52.59

Expenses

OPERATING FEES

Expense Ratio 0.53%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BlackRock Flexible Income ETF

BINC | Active ETF

$52.25

$2.69 B

5.46%

$2.85

0.53%

BINC - Profile

Distributions

  • YTD Total Return 1.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 5.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BlackRock Flexible Income ETF
  • Fund Family Name
    BlackRock-advised Funds
  • Inception Date
    May 23, 2023
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal market conditions, the Fund will invest in a combination of fixed-income securities, including, but not limited to: high yield securities; obligations issued or guaranteed by the U.S. Government, its agencies or instrumentalities; mortgage-backed securities issued or guaranteed by the U.S. Government or its agencies or instrumentalities, including U.S. agency mortgage pass-through securities; commercial mortgage-backed securities (“CMBS”); non‑agency residential mortgage-backed securities; mortgage to-be-announced (“TBA”) securities; municipal securities; securitized assets such as asset-backed securities; dollar-denominated and non‑dollar‑denominated debt obligations of U.S. or foreign issuers, including emerging market issuers; and money market securities. Depending on market conditions, the Fund may invest in other market sectors. The Fund may also gain exposure to fixed-income securities through its investments in affiliated investment companies, including other exchange-traded funds, that invest in such securities. The Fund may invest more than 10% of its total assets in such affiliated investment companies.
The Fund may invest up to 20% of its assets in U.S.‑domiciled, U.S.-registered dollar-denominated investment grade corporate bonds, U.S. Treasury securities, U.S. agency securities and U.S. agency mortgage-backed securities. The Fund may invest without limit in securities rated below investment grade or which are deemed to be of comparable quality by Fund management (“high yield” or “junk” bonds) at the time of purchase. Fund management considers split rated bonds (bonds that receive different ratings from two or more rating agencies) to have the lower credit rating.
The Fund may invest in bonds of any maturity or duration. The Fund maintains an average portfolio duration that is between 1 and 5 years.
The Fund may invest up to 10% of its assets in preferred securities. The Fund may invest in collateralized debt obligations (“CDOs”), including up to 15% of its assets in collateralized loan obligations (“CLOs”). CDOs are types of asset-backed securities. CLOs are ordinarily issued by a trust or other special purpose entity and are typically collateralized by a pool of loans, which may include, among others, domestic and non-U.S. senior secured loans, senior unsecured loans, and subordinate corporate loans, including loans that may be rated below investment grade or equivalent unrated loans, held by such issuer. The Fund may also invest up to 15% of its
assets in floating rate loans. The Fund may invest in other types of floating rate instruments without limit.
The Fund may use derivatives, such as futures contracts, options (including, but not limited to, options on futures and swaps) and various other instruments including, but not limited to, interest rate, total return, credit default and credit default index swaps (which can be used to transfer the credit risk of a security without actually transferring ownership of the security or to customize exposure to a particular credit risk) and indexed and inverse floating-rate securities. The Fund may also invest in derivatives based on foreign currencies. In addition, the Fund may use derivatives and short sales to enhance returns as part of an overall investment strategy or to offset a potential decline in the value of other holdings (commonly referred to as a “hedge”), although the Fund is not required to hedge and may choose not to do so.
The Fund is classified as non-diversified under the Investment Company Act.
The Fund may engage in active and frequent trading of portfolio securities to achieve its primary investment strategies.
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BINC - Performance

Return Ranking - Trailing

Period BINC Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period BINC Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period BINC Return Category Return Low Category Return High Rank in Category (%)
YTD 1.4% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period BINC Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

BINC - Holdings

Concentration Analysis

BINC Category Low Category High BINC % Rank
Net Assets 2.69 B N/A N/A N/A
Number of Holdings 2045 N/A N/A N/A
Net Assets in Top 10 339 M N/A N/A N/A
Weighting of Top 10 25.51% N/A N/A N/A

Top 10 Holdings

  1. BlackRock Cash Funds: Treasury, SL Agency Shares 6.92%
  2. Uniform Mortgage-Backed Security, TBA 5.82%
  3. iShares iBoxx $ High Yield Corporate Bond ETF 3.44%
  4. iShares iBoxx $ Investment Grade Corporate Bond ETF 3.02%
  5. BlackRock Cash Funds: Institutional, SL Agency Shares 2.89%
  6. Brazil Notas do Tesouro Nacional Serie F 0.87%
  7. Mexican Bonos 0.85%
  8. Brazil Notas do Tesouro Nacional Serie F 0.73%
  9. Uniform Mortgage-Backed Security, TBA 0.49%
  10. Mexican Bonos 0.48%

Asset Allocation

Weighting Return Low Return High BINC % Rank
Bonds
89.58% N/A N/A N/A
Cash
9.82% N/A N/A N/A
Stocks
6.46% N/A N/A N/A
Other
5.58% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High BINC % Rank
Utilities
0.00% N/A N/A N/A
Technology
0.00% N/A N/A N/A
Real Estate
0.00% N/A N/A N/A
Industrials
0.00% N/A N/A N/A
Healthcare
0.00% N/A N/A N/A
Financial Services
0.00% N/A N/A N/A
Energy
0.00% N/A N/A N/A
Communication Services
0.00% N/A N/A N/A
Consumer Defense
0.00% N/A N/A N/A
Consumer Cyclical
0.00% N/A N/A N/A
Basic Materials
0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High BINC % Rank
US
6.46% N/A N/A N/A
Non US
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High BINC % Rank
Cash & Equivalents
9.82% N/A N/A N/A
Derivative
0.18% N/A N/A N/A
Securitized
0.00% N/A N/A N/A
Corporate
0.00% N/A N/A N/A
Municipal
0.00% N/A N/A N/A
Government
0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High BINC % Rank
US
55.38% N/A N/A N/A
Non US
34.20% N/A N/A N/A

BINC - Expenses

Operational Fees

BINC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.53% N/A N/A N/A
Management Fee 0.50% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

BINC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

BINC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

BINC Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

BINC - Distributions

Dividend Yield Analysis

BINC Category Low Category High BINC % Rank
Dividend Yield 5.46% N/A N/A N/A

Dividend Distribution Analysis

BINC Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

BINC Category Low Category High BINC % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

BINC Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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BINC - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A