iShares Fallen Angels USD Bond ETF (FALN)

23.11 +0.37  +1.62% NASDAQ Apr 8, 14:40 Delayed 2m USD
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Key Stats

Net Asset Value 22.80
Discount or Premium to NAV -0.26%
Turnover Ratio 23.00%
1 Year Fund Level Flows 122.81M

Performance & Returns

  Total Return (Price) Total Return (NAV) Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M -13.93% -13.58% -12.37% 81
3M -15.34% -14.70% -14.33% 69
6M -11.54% -10.94% -11.91% 50
YTD -14.89% -14.32% -14.15% 67
1Y -8.82% -7.85% -9.67% 43
3Y -0.21% 0.06% -0.78% 41
5Y -- -- 1.28% --
10Y -- -- 4.30% --
15Y -- -- 4.90% --
20Y -- -- 5.08% --
As of April 7, 2020. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 2.81% 3.77% 0.96%
Stock 0.70% 0.70% 0.00%
Bond 95.12% 95.12% 0.00%
Convertible 1.36% 1.36% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.00% 0.00% 0.00%
As of April 6, 2020

Region Exposure

Americas 82.92%
North America 82.92%
Latin America 0.00%
Greater Europe 16.84%
United Kingdom 4.79%
Europe Developed 12.05%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.24%
Japan 0.00%
Australasia 0.24%
Asia Developed 0.00%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 0.00%
As of April 6, 2020. Region breakdown data is calculated by using the long position holdings of the portfolio.

FALN Bond Exposure

Government 0.00%
Corporate 96.04%
Securitized 0.19%
Municipal 0.00%
Cash 3.76%
Derivative 0.00%
As of April 6, 2020

FALN Bond Credit Quality Exposure

AAA 1.35%
AA 0.00%
A 0.00%
BBB 0.11%
BB 73.63%
B 14.27%
Below B 9.93%
Not Rated 0.71%
As of Dec. 31, 2019

FALN Bond Maturity Exposure

1 to 7 Days 0.00%
8 to 30 Days 0.00%
31 to 90 Days 0.00%
91 to 182 Days 0.00%
183 to 364 Days 0.36%
1 to 3 Years 23.46%
3 to 5 Years 19.18%
5 to 7 Years 8.17%
7 to 10 Years 12.27%
10 to 15 Years 12.08%
15 to 20 Years 10.14%
20 to 30 Years 12.31%
Over 30 Years 2.03%
As of April 6, 2020
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
-- Vodafone Group plc 7% 1.75% -- --
-- Intesa Sanpaolo S.p.A. 5.02% 1.72% -- --
-- Sprint Capital Corporation 6.88% 1.59% -- --
-- Sprint Capital Corporation 8.75% 1.37% -- --
-- The Gap, Inc. 5.95% 1.19% -- --
-- Telefonaktiebolaget LM Ericsson (publ) 4.13% 1.16% -- --
-- Newell Brands Inc. 4.2% 1.15% -- --
-- Deutsche Bank AG New York Branch 4.5% 1.14% -- --
-- Deutsche Bank AG New York Branch 4.3% 1.08% -- --
-- Dresdner Funding Trust I 8.15% 1.04% -- --
As of April 6, 2020
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Basic Info

Investment Strategy
The investment seeks to track the investment results of the Bloomberg Barclays US High Yield Fallen Angel 3% Capped Index composed of U.S. dollar-denominated, high yield corporate bonds that were previously rated investment grade. The fund generally will invest at least 90% of its assets in the component securities of the index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is designed to reflect the performance of U.S. dollar denominated, high yield corporate bonds that were previously rated investment grade.
General
Security Type Exchange-Traded Fund
Equity Style Large Cap/Value
Fixed Income Style Low Quality/Moderate Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name iShares
Benchmark Index
BBgBarc US HY F Angel 3% Capped TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
James Mauro 3.80 yrs
Scott Radell 3.80 yrs

Net Fund Flows

1M 0.00
3M 40.84M
6M 59.37M
YTD 40.84M
1Y 122.81M
3Y 184.35M
5Y --
10Y --
As of March 31, 2020

Risk Info

Beta (5Y) --
Max Drawdown (All) 29.22%
Historical Sharpe Ratio (10Y) --
Historical Sortino (All) 0.0719
30-Day Rolling Volatility 49.24%
Daily Value at Risk (VaR) 1% (All) 1.75%
Monthly Value at Risk (VaR) 1% (All) 17.66%

Fundamentals

Dividend Yield TTM (4-8-20) 6.24%
30-Day SEC Yield (3-25-20) 8.10%
7-Day SEC Yield --
Current Yield 5.62%
Yield to Maturity 5.31%
Effective Duration 5.641
Average Coupon 5.51%
Average Credit Score 14.00 (BB)
Average Price 88.35
Number of Holdings 311
As of April 6, 2020

Comparables

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Attributes

Key Dates
Inception Date 6/14/2016
Termination Date
Last Annual Report Date 10/31/2019
Last Prospectus Date 2/28/2020
Attributes
Exchange Traded Share Yes
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund Yes
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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