BINC's largest holdings are FNMA TBA 3.5% SEP 30YR, BlackRock Funds III: BlackRock Cash Funds: Institutional; SL Agency Shares, FNMA TBA 5.5% SEP 30YR, FNMA TBA 6.0% SEP 30YR, THE UNITED ST TBIP % 01Sep26. The full top list is on this page.

How concentrated is BINC?

The top 10 holdings are 28.5% of the fund, across 4713 positions.

US-listed · United States

BINC

iShares Flexible Income Active ETF

US0925286033 · K1K0 · BlackRock (iShares)

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Concentration

Moderately concentratedtop 10 = 28.5%

diversifiedconcentrated

GROWTH · NAV (USD)rebased to 0%

Holdings

4713

as of 2026-08-27

Top 10

28.5%

TER

–

Net assets

US$16.7B

reported in USD

Largest

6.9%

P / E

–

Sections

Holdings as of 2026-08-27.

01Overview

the fund's regulatory facts

Fund currency

USD

Domicile

United States

Volatility 1Y

2.9%

Tracked index

BBG U.S. Universal Index (USD)

02Performance

market price return · as of 2026-08-31

-0.1%

-0.3%

-1.9%

YTD

-1.6%

-2.2%

Trackingfund minus BBG U.S. Universal Index (USD) · annualised

1Y return gap

+1.37 pp/yr

3Y return gap

+2.42 pp/yr

3Y tracking error

2.74%

A positive return gap means the fund finished ahead of the index over that window. The 3Y tracking error shows how variable that monthly gap was; lower means steadier tracking. MethodologyReturn gap and tracking errorReturn gap is the fund's return minus its index over the same months, converted to a yearly rate. Tracking error is the annualised standard deviation of those monthly fund-minus-index returns. Both lines come from the manager's own chart, in the same currency and the exact index variant the fund tracks. We use month-end values so different intraday valuation times are not mistaken for tracking error.. Not investment advice.

03Holdings

50 largest · as of 2026-08-27

#	Company	Identifier	Weight
1	FNMA TBA 3.5% SEP 30YR US	UM30	7.0
2	BlackRock Funds III: BlackRock Cash Funds: Institutional; SL Agency Shares US	BISXX	5.2
3	FNMA TBA 5.5% SEP 30YR US	FNCL	4.0
4	FNMA TBA 6.0% SEP 30YR US	UM30	2.3
5	THE UNITED ST TBIP % 01Sep26 US	-	2.0
6	TREASURY NOTE (OTR) US	TNOTE	1.9
7	CASH COLLATERAL MORGAN STANLEY & C US	MSOPT	1.7
8	FNMA TBA 4.0% OCT 30YR US	UM30	1.5
9	THE UNITED ST TBIP % 22Sep26 US	B	1.5
10	iShares iBoxx $ High Yield Cor US	HYG	1.4
11	ITALY (REPUBLIC OF) IT	BTPS	1.3
12	iShares Trust US	LQD	1.0
13	SPAIN (KINGDOM OF) ES	SPGB	1.0
14	SPAIN (KINGDOM OF) ES	SPGB	0.8
15	MORGAN STANLEY FINANCE LLC MTN 144A US	MS	0.7
16	Italy Buoni Poliennali Del Tesoro IT	BTPS	0.7
17	FNMA TBA 5.5% OCT 30YR US	UM30	0.7
18	CATURUS 1L NOTES 144A US	CATHOLD	0.6
19	UMBS 30YR TBA(REG A) US	UM30	0.5
20	LETRA TESOURO NACIONAL BR	BLTN	0.5
21	BRAZIL FEDERATIVE REPUBLIC OF (GO BR	BNTNF	0.5
22	French Republic Government Bond OAT FR	FR001400HI98	0.5
23	ITALY (REPUBLIC OF) IT	BTPS	0.5
24	GS FINANCE CORP MTN US	GS	0.5
25	Spain Government Bond ES	SPGB	0.4
26	MXN CASH MX	MXN	0.4
27	SOUTH AFRICA (REPUBLIC OF) ZA	SAGB	0.4
28	SOUTH AFRICA (REPUBLIC OF) ZA	SAGB	0.4
29	Italy Buoni Poliennali Del Tesoro IT	IT0005631590	0.4
30	MEX BONOS DESARR FIX RT MX	MBONO	0.3
31	GS FINANCE CORP US	GS	0.3
32	COREWEAVE COMPUTE ACQUISITION CO V DDTL US	CRWV	0.3
33	BEIGNET INVESTOR LLC US	RPLDCI	0.3
34	GS FINANCE CORP US	GS	0.3
35	FNMA TBA 4.5% SEP 30YR US	UM30	0.3
36	CASH COLLATERAL USD SGAFT US	SGAFT	0.3
37	COLOMBIA REPUBLIC OF (GOVERNMENT) CO	COLTES	0.3
38	Spain Government Bond ES	SPGB	0.3
39	CITIGROUP INC US	C	0.2
40	EP INFRASTRUCTURE AS CZ	ENAPHO	0.2
41	GOLDMAN SACHS BANK USA US	GS	0.2
42	SPAIN (KINGDOM OF) 3.4 10/31/2036 ES	SPGB	0.2
43	Bonos de la Tesoreria de la Republica en pesos CL	BTPCL	0.2
44	WARNER BROTHERS DISCOVER TL B TSFR1M US	WBD	0.2
45	PHILIPPINE 6% 20/08/2030 PH	RPGB	0.2
46	AUD CASH AU	AUD	0.2
47	EDGE FINCO PLC GB	EDFINC	0.2
48	PETROLEOS MEXICANOS MX	PEMEX	0.2
49	CD&R FIREFLY BIDCO LTD GB	MOTFUE	0.2
50	ARDONAGH FINCO LTD GB	ARDGRP	0.2

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04Exposure

Equity 2.4%Bonds 90.3%Cash 6.9%

By country

USUnited States75.7%

GBUnited Kingdom5.5%

ITItaly4.2%

ESSpain3.3%

FRFrance3.1%

KYCayman Islands2.9%

DEGermany2.2%

MXMexico2.0%

CurrencyUSD 79.1% EUR 18.0% GBP 6.1% MXN 2.0% BRL 1.3%

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