Active Fixed Income | Mutual Funds and ETFs

BlackRock’s active fixed income platform

With $1,053 billion of client assets entrusted to BlackRock’s active fixed income managers, we offer quality, value and choice so you can choose what’s best for your clients.¹

Competitive performance

95% of our active bond mutual fund assets outperformed within their Morningstar peer groups.²

Deep market expertise

500+ global fixed income analysts employ an investment process that blends disciplined portfolio construction with regular risk & performance reviews.³

World-wide reach

21 primary investment centers worldwide allow investment teams to benefit from sharing across asset classes and regions.⁴

When you’re navigating any challenging environment the best approach is to remain active and flexible.

In a highly-volatile setting, we don’t rely on outsized positions or big bets on difficult-to-predict macro trends. We stay agile and make smaller, opportunistic moves.

By staying nimble, unconstrained, and well-diversified we’re able to keep our options open to seize attractive opportunities wherever they become available.

The destination remains the same, but especially in conditions like this, the wisest path is to make a little bit of money a lot of times.

Hear how Rick Rieder seeks to make a little bit of money a lot of time

When you’re navigating any challenging environment, we believe the best approach is to remain active and flexible. By staying nimble, unconstrained, and well-diversified our Portfolio Managers are able to seize attractive opportunities wherever they become available.

Seek ‘plus’ income with iShares Flexible Income Active ETF (BINC)

In high dispersion markets, consider BINC to generate long-term income by investing in "plus" sectors of the fixed income market such as high yield, emerging markets debt, CLOs, and securitized assets.⁵

Enhanced income

BINC has delivered a higher yield than the Bloomberg US High Yield Index while capturing only 71% of the volatility since inception.⁶

Flexible approach

A flexible mandate allows BINC to stay nimble and tactically rotate risk across "plus" fixed income sectors, seeking to maximize long-term income across markets.

Efficient fund structure

BINC provides access to award-winning* portfolio management with liquidity, transparency, and potential tax efficiency from the ETF wrapper.

View BINC details

We aim to bridge the gap between actively managed mutual funds and the benefits of ETFs with iShares active ETFs.

BlackRock’s portfolio managers combine their deep insight and expertise alongside intraday liquidity into a one-ticker solution. Investors can now access these opportunities when they seek broader portfolio diversification and income generation in their quest for alpha.

Innovation, flexibility and expertise combined with the convenience of an ETF.

Like BINC, an active fixed income solution that seeks to provide access to harder-to-reach fixed income sectors through an experienced investment team led by Rick Rieder, Morningstar’s 2023 Outstanding Portfolio Manager.

Get active today.

As the Fed looks to cut interest rates and short-term yields fall, you may want to consider BINC to help you navigate fluctuating markets.

Rick Rieder

BlackRock’s CIO of Global Fixed Income and Portfolio Manager for BINC

View BINC details

Active fixed income funds

Objective	Fund Name	Ticker	ETF or mutual fund
Income
I want to tap into today's higher yields.	BlackRock High Yield Bond Fund >	BHYIX	Mutual fund
I want to tap into today's higher yields.	iShares Flexible Income Active ETF >	BINC	ETF
Capital preservation
I want to put cash to work.	BlackRock Strategic Income Opportunities Fund >	BSIIX	Mutual fund
I want to put cash to work.	iShares Short Duration Bond Active ETF >	NEAR	ETF
Equity diversification
I want to diversify my stocks.	BlackRock Total Return Fund >	MAHQX	Mutual fund
	iShares Total Return Active ETF >	BRTR	ETF

The BlackRock Bond Pyramid is an interactive tool that showcases ways to blend active funds with bond ETFs to help meet portfolio goals or prepare for changing markets.

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I’m up at 3:45 every morning. I want to know where all the markets are. I work out for an hour then the day really gets going.

I’m Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock.

So my job is investing money for clients trying to generate returns using fixed income assets within portfolios. From being in this business for 35 years, you learn you got to be thoughtful, you got to innovate, you got to be different, and then apply that to the experience you have and the research that you’re doing.

Education for me is literally the foundation of everything. I’m chairman of the board of North Star Academy. It’s over 14 charter schools, serving 6,000 kids in the city of Newark. We started an internship program to bring high school kids in to help them with not just understanding markets, the economy, finance, but also understanding how you interface in business. We’re helping to change the future of thousands of underserved kids.

It gives you a real boost to see the difference you can make.

There’s a lot to do in a day, but when you start to see what you can get done, I think it’s safe to say that I won’t look back and wish I had slept more.

Meet Rick Rieder: Morningstar’s 2023 Outstanding Portfolio Manager

Rick Rieder, Chief Investment Officer of Global Fixed Income, has been awarded the 2023 Morningstar Award for Investing Excellence, Outstanding Portfolio Manager.* Rick Rieder’s consistent approach to managing strategies like Strategic Income Opportunities, Total Return, Global Allocation and more have helped funds deliver long-term success.