FALNiShares Fallen Angels USD Bond ETF

Get income10y track recordRanked #167 of 1,622 in this goal

Seeks to track the investment results of an index of U.S. dollar-denominated high yield bonds.

By iShares · Launched 2016

Annual Cost

0.25%

#1,230 of 5,562 · low cost

Fund Size

$1.7B

#829 of 5,562 · large

Dividend YieldGoal

6.40%

Track Record

10 years

#1,441 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,776+7.8%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Index tracking

Index tracked

Bloomberg US High Yield Fallen Angel 3% Capped Index

What it actually holds

By weight

Concentration

Top 10 holdings = 31.7% of fund✓ well diversified

BlackRock Funds III

15.4%

VODAFONE GROUP PLC

2.9%

GFL ENVIRONMENTAL INC

2.2%

RESORTS WORLD/RWLV CAP

1.9%

PACIFICORP

1.8%

ROGERS COMMUNICATIONS IN

1.5%

PERRIGO FINANCE UNLIMITE

1.5%

UNITED RENTALS NORTH AM

1.5%

HUNTSMAN INTERNATIONAL L

1.5%

METHANEX CORP

1.5%

Asset allocation

Bonds

99.1%

Cash

0.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

4.6%Low

Year-on-year price swings

Max drawdown

-29.2%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

0.96Decent risk-adjusted returns

Sortino (3Y)

1.40Good downside protection

Bond profile

Duration

5.6 years

Avg maturity

9.4 years

Credit ratings

80.4%

12.5%

Below B

7.1%

Where to buy

Listing

Exchange: NASDAQ Global Select Market

Full fund details

Objective: Seeks to track the investment results of an index of U.S. dollar-denominated high yield bonds.
Strategy: Tracks the Bloomberg US High Yield Fallen Angel 3% Capped Index, reflecting U.S. dollar-denominated high yield corporate bonds that were previously rated investment grade. Bonds are market value weighted with a 3% cap on each issuer, with at least 80% of assets in index components.
Inception date: June 14, 2016
Fund family: iShares