Key stats
About BlackRock ETF Trust II BlackRock Flexible Income ETF
Expense ratio
0.40%
Home page
Inception date
May 19, 2023
BINC pursues opportunistic exposure to the global debt market by actively investing in a wide range of US and non-US fixed income securities that include corporate bonds, government and municipal debt, securitized assets, floating rate loans, money market securities, as well as collateralized debt obligations and preferred stocks. It will primarily invest in high-yield securities but may hold investment grade bonds of up to 20%. Although the fund does not target a specific maturity or duration, it will aim to maintain an average portfolio duration between one and five years. Derivatives may also be utilized such as futures contracts, options, swaps, and indexed and inverse floating-rate securities. Because of its active management, the final selection of securities is at the full discretion of the adviser. BINC seeks long-term income maximization and capital preservation appreciation by providing investors with a low-cost, active fixed-income solution.
Classification
What's in the fund
Exposure type
Corporate
Securitized
Stocks0.54%
Finance0.16%
Communications0.16%
Utilities0.11%
0.04%
Bonds, Cash & Other99.46%
Corporate50.76%
Securitized40.47%
Mutual fund10.13%
Government4.98%
ETF4.76%
Miscellaneous2.65%
Loans0.81%
Agency0.10%
Municipal0.05%
Cash−15.25%