ICVT

iShares Convertible Bond ETF
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*Unless otherwise stated, data provided by FactSet.

ICVT Fund Description

ICVT tracks an index of USD-denominated convertible bonds weighted by market value. The index contains only cash-pay convertibles and excludes mandatory and preferred convertibles.

ICVT Factset Analytics Insight

ICVT offers modest differences from its better-established State Street rival, CWB. The newer fund offers a lower fee and tracks a marginally different Barclays index; it can hold smaller issues ($250M vs. $500M minimum) and screens out certain kinds of convertibles (mandatory, preferred, and zero coupons). Investors with a nuanced view of the space might appreciate having a choice in exposure. By design, convertible bonds hold equity-like upside while tending to fare well when rates rise. However, they carry more credit risk and are much more volatile than a diversified, total-market bond portfolio. ICVT can be traded fairly in small quantities, though spreads can take a toll without careful limit orders. Larger traders will find generally straightforward execution on block trades. ICVT charges a competitive fee. Short-term traders will likely favor CWB, which is more expensive to hold but far more liquid.

ICVT MSCI ESG Analytics Insight

iShares Convertible Bond ETF has an MSCI ESG Fund Rating of BB based on a score of 3.50 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 Convertible Bond ETF ranks in the 14th percentile within its peer group and in the 27th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

ICVT Charts And Performance

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Total Return Chart (%)
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Select ETFs to compare their performance:
PERFORMANCE [as of 10/17/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ICVT -1.48% -2.83% 13.32% 6.78% 11.26% -- --
ICVT (NAV) -1.18% -2.37% 14.39% 7.11% 11.08% -- --
Bloomberg Barclays US Convertibles Composite Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ICVT Summary Data

Blackrock
iShares
06/02/15
Open-Ended Fund
0.20%
$401.81M
$3.41M
0.13%

ICVT Portfolio Data

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11/01/19
231

ICVT Index Data

Market Value
Market Value
Bloomberg Barclays US Convertibles Composite Index

ICVT Portfolio Management

0.20%
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ICVT Tax Exposures

20.00% / 39.60%
0.42%
Ordinary income
No

ICVT Fund Structure

Open-Ended Fund
No
Yes
80% / 20%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

ICVT Factset Analytics Block Liquidity

As of 10/18/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of ICVT. ICVT is rated a N/A out of 5.

ICVT Tradability

58,122
$3.41M
29,950
$1.78M
0.13%
$0.08
0.18%
1.31% / -0.54%
None
100.00%
50,000
0.60
0.02%
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0
$58.82
N/A

ICVT Top 10 Holdings[View All]

2.15%
2.03%
2.01%
1.88%
1.47%
1.39%
1.22%
1.09%
1.07%
1.03%
15.34%

ICVT Performance Statistics

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ICVT MSCI ESG Ratings

BB
3.50 / 10
27.27
13.80
2.82%
11.45%
102.35

ICVT Holdings Statistics

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231
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ICVT Avg Life Maturity Distribution

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ICVT OAS Breakdown

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