FALN

iShares Fallen Angels USD Bond ETF

$27.23

+0.00%

Market closed. Last update: 12:29 PM ET

📎 Investment Objective

The iShares Fallen Angels USD Bond ETF (FALN) seeks to track the investment results of an index composed of U.S. dollar-denominated, high-yield corporate bonds that were previously rated investment grade.

Overview

ETF tracking iShares Fallen Angels USD Bond ETF

Category High Yield

Issuer BlackRock

Inception Date 2016-06-16

Market Cap $1.8B

Average Volume N/A

Dividend Yield 5.25%

52-Week Range $25.27 - $27.78

VWAP $27.26

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a portfolio of high-yield corporate bonds that were previously rated investment grade but have since been downgraded to below investment grade, also known as 'fallen angels'. The fund aims to provide exposure to this segment of the high-yield bond market.

✨ Key Features

Focuses on high-yield corporate bonds that were previously investment grade
Seeks to track the performance of the ICE BofA US Fallen Angel High Yield Index
Potentially offers higher yields than investment-grade corporate bonds
Diversified portfolio of fallen angel bonds

⚠️ Primary Risks

High-yield bond risk: Fallen angel bonds carry higher credit risk and default risk than investment-grade bonds
Interest rate risk: Bond prices may decline as interest rates rise
Liquidity risk: The bonds held by the fund may have lower liquidity compared to investment-grade bonds
Concentration risk: The fund's performance is tied to the fallen angel bond segment of the high-yield market

👤 Best For

This ETF may be suitable for investors seeking exposure to the high-yield bond market with a focus on fallen angel bonds. It could be a component of a diversified fixed-income portfolio, but investors should be comfortable with the higher credit risk and volatility associated with high-yield bonds.