ETF comparison

BINCvsPAAA

Both US Aggregate Bond.

iShares Flexible Income Active ETF · PGIM AAA CLO ETF

Holdings overlap

Weighted by ISIN/CUSIP
1.2%

54 positions appear in both funds. Buying equal dollars of BINC and PAAA would leave roughly1.2%of each dollar exposed to the same underlying securities.

BINC only 113.0%Shared 1.2%PAAA only 102.8%
In BINC only
3,994 positions
Shared
54 positions
In PAAA only
276 positions

Side by side

BINC

iShares Flexible Income Active ETF

BlackRock · US Aggregate Bond

71composite / 100
Expense ratio
0.40%
Net assets
$16.66B
TTM yield
5.93%
Top-10 conc.
23.6%
PAAA

PGIM AAA CLO ETF

PGIM · US Aggregate Bond

81composite / 100
Expense ratio
0.19%
Net assets
$12.40B
TTM yield
4.72%
Top-10 conc.
18.0%

Sub-score comparison

60
Cost
81
49
Tax efficiency
51
100
Liquidity
100
81
Concentration
89
Tracking quality
BINCsub-scorePAAA

Tracking quality isn't part of the composite — seewhat we don't scorefor why.

Cost difference

PAAA is 21 bps cheaper than BINC. On a $100,000 position that's about $210/yr more in fees for BINC.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open thecost calculator pre-filled with BINC vs PAAA.

Top shared holdings

54 shared in total
#HoldingIn BINCIn PAAAOverlap
1Bain Capital Credit CLO, Limited0.06%0.30%0.06%
2Elmwood CLO III Ltd0.06%0.27%0.06%
3Park Blue CLO Ltd0.05%0.32%0.05%
4Regatta XXVIII Funding Ltd.0.05%0.39%0.05%
5Neuberger Berman CLO Ltd0.05%0.52%0.05%
6Signal Peak CLO, LLC0.05%0.28%0.05%
7Kennedy Lewis CLO Ltd0.05%0.08%0.05%
8Benefit Street Partners CLO Ltd0.04%0.05%0.04%
9Oak Hill Credit Partners0.04%0.06%0.04%
10RR Ltd0.04%0.93%0.04%
11ARES CLO Ltd0.03%0.74%0.03%
12CIFC Funding Ltd0.03%0.12%0.03%

Only in BINC

3,994 total
  • UMBS, TBA5.65%
  • UMBS, TBA3.10%
  • BlackRock Funds III3.01%
  • BLACKROCK CASH FUNDS2.75%
  • UMBS, TBA2.35%
  • UMBS, TBA2.31%
  • UMBS, TBA1.67%
  • iShares iBoxx USD High Yield Corporate Bond ETF1.12%
  • Spain Government Bonds0.85%
  • BONOS Y OBLIG DEL ESTADO0.74%

Only in PAAA

276 total
  • (PIPA070) PGIM Core Government Money Market Fund7.64%
  • CBAMR LTD1.92%
  • Regatta XXVII Funding Ltd / Regatta XXVII Funding LLC1.58%
  • ELEVATION CLO 2021-12 LTD1.13%
  • OCTAGON INVESTMENT PARTNERS 31 LTD1.04%
  • Cbam 2020-13 Ltd.0.99%
  • ELMWOOD CLO 25 LTD0.99%
  • NEUBERGER BERMAN LOAN ADVISERS CLO 33 LTD0.96%
  • AGL CLO I LTD0.87%
  • RAD CLO 25 LTD0.80%

Open BINC or PAAA at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodologyand funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see/methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.