ICVT
iShares Convertible Bond ETFICVT 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
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of February 20, 2019 the iShares Convertible Bond ETF MSCI ESG Fund Quality Score is 4.13 out of 10.
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. ICVT ranks in the 20th percentile within its peer group and in the 10th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
ICVT CHARTS AND PERFORMANCE
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ICVT Top 10 Countries [View All]
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ICVT Top 10 Holdings [View All]
ICVT Summary Data
ICVT Portfolio Data
ICVT Index Data
ICVT Portfolio Management
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ICVT Fund Structure
ICVT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of ICVT. ICVT is rated a 4 out of 5.
ICVT Tradability
ICVT Sector/Industry Breakdown
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ICVT Top 10 Holdings[View All]
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ICVT Top 5 Currencies
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ICVT Economic Development
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ICVT Performance Statistics
ICVT MSCI ESG Ratings
ICVT HOLDINGS STATISTICS
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ICVT MATURITY DISTRIBUTION
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ICVT CREDIT BREAKDOWN
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.