What is the Blackrock Flexible Income ETF?

BINC is an actively managed fixed-income ETF, which is relatively uncommon as most bond ETFs passively track an index.

The fund has a Morningstar Medalist rating, indicating a sound investment process and strong management team, something rare for an actively managed bond ETF.

BINC's portfolio is non-diversified, meaning it can hold a larger percentage of its assets in a single issuer compared to a typical diversified bond fund.

Despite being non-diversified, the fund still maintains a diversified portfolio across a range of fixed-income securities, including government, corporate, and mortgage-backed bonds.

The fund's 12-month trailing yield of 5.07% as of July 16, 2024, is significantly higher than the average yield of many traditional bond index funds.

BINC has a relatively low net expense ratio of 0.53%, making it more cost-effective than many actively managed fixed-income mutual funds.

The fund's average trading volume of 285,020 shares over 30 days is quite high for a bond ETF, indicating strong liquidity.

BlackRock's chief investment officer of global fixed income, Rick Rieder, is the lead portfolio manager for BINC, bringing significant expertise to the fund.

BINC is categorized as a multi-sector income fund by MarketWatch, meaning it invests across various fixed-income sectors to generate income.

The fund's market cap of $3.088 billion as of June 14, 2024, makes it one of the larger actively managed bond ETFs in the market.

BINC's portfolio is actively managed, allowing the fund's managers to tactically adjust the portfolio in response to changing market conditions.

The fund's secondary objective of capital appreciation, in addition to its primary goal of maximizing long-term income, sets it apart from many traditional bond funds focused solely on income generation.