ETF Evaluator:
iShares Flexible Income Active ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Multisector Bond Over the Last Year
| 7.3% | Eaton Vance Income Opportunities ETF (XAGG) |
| 7.1% | Bluemonte Diversified Income ETF (BLUI) |
| 7.0% | Rareview Dynamic Fixed Income ETF (RDFI) |
| 6.3% | FolioBeyond Enhanced Fixed Inc Prm ETF (FIXP) |
| 5.6% | Neuberger Flexible Credit Income ETF (NBFC) |
Risk
Index
Risk
Index
ETF Details
iShares Flexible Income Active ETF Overview
iShares Flexible Income Active ETF (BINC) is an actively managed Taxable Bond Multisector Bond exchange-traded fund (ETF). iShares launched the ETF in 2023.
The investment seeks to maximize long-term income by primarily investing in debt and income-producing securities with a secondary objective of capital appreciation.
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.
About iShares Flexible Income Active ETF (BINC)
There are 5 members of the management team with an average tenure of 3.20 years: Rick Rieder (2023), Samir Lakhani (2023), Jacob Caplain (2023), Charlotte Widjaja (2023) and Dylan Price (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Bloomberg US Universal TR USD index with a weighting of 100%. iShares Flexible Income Active ETF has 5068 securities in its portfolio. The top 10 holdings constitute 29.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares Flexible Income Active ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. iShares Flexible Income Active ETF has 44.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 110.4% (66.0% domestic bond, 44.4% foreign bond and 0.2% convertible bond). iShares Flexible Income Active ETF has 9.9% of the portfolio in cash.
Assets Under Management
The fund has $16 billion in total assets, which is above the $1 billion average for the Multisector Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BINC Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares Flexible Income Active ETF expense ratio is average compared to funds in the Multisector Bond category. iShares Flexible Income Active ETF has an expense ratio of 0.40%, which is 39% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares Flexible Income Active ETF has a portfolio turnover rate of 291%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 163% for the Multisector Bond category.
Recently, in the month of July 2026, iShares Flexible Income Active ETF returned -0.5%, which earned it a grade of C, as the Multisector Bond category had an average return of -0.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares Flexible Income Active ETF has a trailing yield of 5.59%, which is below the 5.63% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares Flexible Income Active ETF Grades
Year to date, the ETF has returned 1.1%, 0.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 4.4% over the past year (grade of C) and 6.7% over the past three years (grade of C).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about iShares Flexible Income Active ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
BINC Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BINC Return (NAV) | -0.5% | 0.6% | 4.4% | 6.7% | na | na |
| BINC Return (Price) | -0.2% | 0.7% | 4.4% | 6.6% | na | na |
| NAV +/- Price Return | -0.253% | -0.060% | -0.041% | 0.105% | na | na |
| Multisector Bond Avg | -0.5% | 0.3% | 4.5% | 6.2% | 1.8% | 3.1% |
| BINC Grade (NAV) | C | B | C | C | na | na |
| +/- Category (NAV) | 0.1% | 0.4% | -0.1% | 0.5% | na | na |
| BINC Tax-Cost Ratio | na | na | 2.3% | 2.3% | na | na |
BINC Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BINC Return (NAV) | 1.1% | 7.7% | 6.1% | na | na | na | na | na | na | na | na |
| BINC Return (Price) | 1.1% | 7.6% | 5.8% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.027% | -0.013% | -0.049% | na | na | na | na | na | na | na | na |
| Multisector Bond Avg | 1.3% | 7.6% | 5.5% | 8.2% | -10.8% | 3.0% | 4.7% | 10.6% | -1.8% | 5.9% | 7.4% |
| BINC Grade (NAV) | C | D | B | na | na | na | na | na | na | na | na |
| +/- Category | -0.2% | 0.0% | 0.6% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.52 |
| R-Squared: | 82% |
| Standard Deviation: | 3.3% |
| Category Risk Index: | 0.69 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.27 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 5.6% |
| Total Assets: | $ 16,088 Mil |
| Share Class Assets: | $ 16,088 Mil |
| Turnover: | 291.0% |
| Expense Ratio: | 0.40% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Universal TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 3.2 years | |||
| Average Tenure: 3.2 years | |||
| Managers (Year): Rieder Rick (2023), Lakhani Samir (2023), Caplain Jacob (2023), Widjaja Charlotte (2023), Price Dylan (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 5068 |
| % in Top 10 Holdings: | 29.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 44.4% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 66.0% |
| Foreign Bond: | 44.4% |
| Convertible Bond: | 0.2% |
| Other: | -20.5% |
| Cash: | 9.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | |
| Inception Date: | May 19, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.40% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.65% |
