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
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FALN Portfolio Management
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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
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FALN Top 10 Holdings
FALN Performance Statistics
FALN Top 5 Countries
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FALN Top 5 Currencies
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