iShares Flexible Income Active ETF (NYSEARCA:BINC) Spreads Across Global Bond Sectors: Active Management and Yield Details

Sonal Goyal

27 October 2026 05:28 PM AEDT

iShares Flexible Income Active ETF (NYSEARCA:BINC) Spreads Across Global Bond Sectors: Active Management and Yield Details

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Key Highlights

iShares Flexible Income Active ETF (NYSEARCA:BINC) had net assets of about $16.78 billion and a NAV of $50.52 as of Oct 26, 2026.
The fund tracks the BBG U.S. Universal Index (USD) with an expense ratio of 0.52%.
Its 30-day SEC yield was 5.65%, with monthly distributions.

The iShares Flexible Income Active ETF (NYSEARCA:BINC) is an actively managed fixed income fund that can invest across high yield, emerging markets and securitized sectors. As of Oct 26, 2026, it held net assets of about $16.78 billion and a NAV of $50.52 per share.

Index and Investment Approach

Unlike index funds, BINC is not tied to a replicating index, and its benchmark is the BBG U.S. Universal Index (USD). It launched on May 19, 2023 and is managed by a team led by Rick Rieder, with Jacob Caplain, Samir Lakhani, Dylan Price and Charlotte Widjaja also listed as portfolio managers.

Portfolio Composition

The fund held 4,146 positions as of Oct 23, 2026. Its largest holdings were a UMBS 30-year TBA mortgage position (4.51%), a Treasury note due Aug 31, 2028 (4.35%), a second UMBS TBA (3.44%), the BlackRock Cash Institutional fund (2.30%) and a third UMBS TBA (2.21%).

Fee Waivers

The gross expense ratio is 0.52%, made up of a 0.50% management fee and 0.02% in acquired fund fees. A fee waiver of 0.12% brings the net expense ratio to 0.40%. The unsubsidized 30-day SEC yield was 5.54% against a subsidized figure of 5.65%.

Yield and Distributions

The fund reported a 30-day SEC yield of 5.65% as of Oct 23, 2026 and a 12-month trailing yield of 5.76%. Distributions are paid monthly. The most recent distribution was $0.232268 per share, with an ex-date of Oct 1, 2026 and payment on Oct 6, 2026. iShares notes that distribution yield and trailing yield can vary from period to period for reasons such as tax treatment and changes in fund shares outstanding.

Portfolio Characteristics

As of Oct 23, 2026 the portfolio held 4,146 securities. Weighted average coupon was 5.58, weighted average maturity 5.40 years, effective duration 3.05 years and average yield to maturity 7.00%, with an option adjusted spread of 202.23 bps and convexity of -0.11.

Concentration and Holdings Profile

4,146 securities were held as of Oct 23, 2026. The five largest positions listed on the fund page totalled about 16.81% of assets, leaving roughly 83.19% across the remaining holdings. That is a moderate level of concentration at the top of the portfolio. iShares notes that holdings are subject to change and that the weights shown are calculated from vendor prices, which may differ from the fund’s own valuation prices.

Fund Details at a Glance

The iShares Flexible Income Active ETF (NYSEARCA:BINC) is an index-based fixed income fund that began trading on May 19, 2023. Its benchmark is the BBG U.S. Universal Index (USD), and it pays distributions monthly. As of Oct 26, 2026 it had 332.2 million shares outstanding and net assets of $16,782,754,284. An annual fee of 0.52% works out to $52 for every $10,000 held, before any brokerage commissions.

Risk Disclosures Noted by iShares

The fund is actively managed and does not seek to replicate the performance of a specified index, may have higher portfolio turnover and may charge higher fees than index funds due to increased trading and research expenses. There is no guarantee that it will meet its investment objective. Fixed income risks include interest-rate and credit risk: when interest rates rise, the value of debt securities typically declines, and credit risk is the possibility that an issuer cannot make principal and interest payments. Non-investment-grade debt securities may be subject to greater market fluctuations, risk of default or loss of income and principal than higher-rated securities. International investing involves risks including foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments, which are often heightened in emerging markets or concentrations of single countries. Shares of ETFs are bought and sold at market price rather than NAV and are not individually redeemed from the fund, and brokerage commissions will reduce returns. Investing involves risk, including possible loss of principal.

Costs and Trading Details

The expense ratio is 0.52%. The fund is listed on NYSE Arca with 332.2 million shares outstanding and net assets of $16,782,754,284 as of Oct 26, 2026. The closing price was $50.67 as of Oct 26, 2026, against a NAV of $50.52 on Oct 26, and the premium/discount was 0.30. The 30-day median bid/ask spread was 0.02% and 30-day average volume was 3,007,543 shares.

The Bottom Line

iShares Flexible Income Active ETF (NYSEARCA:BINC) reported net assets of about $16.78 billion and 4,146 holdings, with its index, fees and distribution schedule as set out above. The monthly distribution schedule, 0.52% expense ratio and 0.02% median bid/ask spread are the main cost and income details reported for the fund.

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