FALN iShares Fallen Angels USD Bond ETF
What is FALN?
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 Summary Data
Peers
Fund Flows
FALN Portfolio Data
FALN Index Data
FALN Portfolio Management
FALN Tax Exposures
FALN Fund Structure
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 Tradability
FALN Sector/Industry Breakdown
Benchmark
FALN Top 10 Holdings
FALN Performance Statistics
FALN Top 5 Countries
Benchmark
FALN Top 5 Currencies
Benchmark
FALN Avg Life Maturity Distribution
FALN OAS Breakdown
FALN Holdings Statistics
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