FALNiShares Fallen Angels USD Bond ETF
Tracks the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds that were previously rated investment grade.
By iShares · Launched 2016
Annual Cost
0.25%
#1,172 of 6,040 · low cost
Fund Size
$1.7B
#881 of 6,040 · large
Return (1Y)
+2.4%
Track Record
10 years
#1,427 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$9,812-1.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeRegion
North americaStrategy
Index tracking
Index tracked
Bloomberg US High Yield Fallen Angel 3% Capped Index
Holdings
By weightConcentration
Top 10 holdings = 30.6% of funddiversified
BlackRock Funds III
14.1%
VODAFONE GROUP PLC
3.0%
GFL ENVIRONMENTAL INC
2.2%
RESORTS WORLD/RWLV CAP
1.8%
BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES
1.8%
PACIFICORP
1.8%
UNITED RENTALS NORTH AM
1.5%
HUNTSMAN INTERNATIONAL L
1.5%
PERRIGO FINANCE UNLIMITE
1.5%
METHANEX CORP
1.4%
Asset allocation
Bonds
99.5%
Cash
0.5%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
4.6%Low
Year-on-year price swings
Max drawdown
-29.0%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
0.75Decent risk-adjusted returns
Sortino (3Y)
1.08Good downside protection
Bond profile
Duration
5.6 years
Avg maturity
9.4 years
Credit ratings
BBB
1.1%
BB
75.7%
B
16.5%
Below B
6.8%
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Tracks the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds that were previously rated investment grade.
- Strategy
- Seeks to track the investment results of the Bloomberg US High Yield Fallen Angel 3% Capped Index, which reflects U.S. dollar-denominated, high yield corporate bonds previously rated investment grade. BFA uses an indexing approach to achieve the Fund's investment objective, investing primarily in the index's component securities.
- Inception date
- June 14, 2016
- Fund family
- iShares
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Data updated on 2026-09-18