FALNiShares Fallen Angels USD Bond ETF
FALN Fund Description
FALN tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade.
FALN Factset Analytics Insight
FALN invests in corporate ”fallen angels” corporate bonds that previously received an investment-grade rating, but have since been downgraded to sub-investment grade. Eligible securities must be USD-denominated, from developed-market issuers. Constituents are weighted by market value, with a cap of 3% per issuer. Unsurprisingly given the investment-grade origins of its holdings, the fund has a strong bias towards higher-rated BB and B bonds, with longer maturities and greater interest-rate exposure than most funds in the segment. The fallen-angel thesis revolves around total return: the bonds generate income, but also have the potential for capital appreciation if a constituent returns to investment-grade status.
FALN MSCI ESG Analytics Insight
iShares Fallen Angels USD Bond ETF has an MSCI ESG Fund Rating of BBB based on a score of 4.44 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. iShares Fallen Angels USD Bond ETF ranks in the 16th percentile within its peer group and in the 77th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FALN Summary Data
FALN Portfolio Data
FALN Index Data
FALN Portfolio Management
FALN Tax Exposures
FALN Fund Structure
FALN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FALN. FALN is rated a N/A out of 5.
FALN Sector/Industry Breakdown
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