ICVT iShares Convertible Bond ETF

*Unless otherwise stated, data provided by FactSet.

What is ICVT?

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 State Street rival, CWB. The fund 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.

PERFORMANCE [as of 01/20/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ICVT 3.83% 5.61% 4.32% -11.47% 8.48% 9.16% --
ICVT (NAV) 4.39% 5.59% 4.78% -11.55% 8.65% 9.36% --
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%
$1.25B
$35.82M
0.08%

ICVT Portfolio Data

--
--
--
02/01/23
--

ICVT Index Data

Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index
Market Value
Market Value
Bloomberg Barclays US Convertibles Composite Index

ICVT Portfolio Management

0.20%
--
--
--

ICVT Tax Exposures

20.00% / 39.60%
3.50%
Ordinary income
No

ICVT Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

ICVT Factset Analytics Block Liquidity

As of 01/23/23
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

506,364
$35.82M
188,676
$13.31M
0.08%
$0.06
-0.02%
0.95% / -1.78%
None
100.00%
50,000
3.77
0.01%
--
425
$72.69
N/A

ICVT Sector/Industry Breakdown


ICVT
Segment Benchmark
31.74%
--
12.42%
--
11.99%
--
6.60%
--
6.29%
--
5.60%
--
4.17%
--
3.48%
--
3.13%
--
2.49%
--

ICVT Top 10 Holdings[View All]

1.57%
1.48%
1.45%
1.11%
1.09%
1.06%
0.96%
0.92%
0.92%
0.91%
11.46%

ICVT Performance Statistics

--
--
--
--
--

ICVT Holdings Statistics


ICVT
Segment Benchmark
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
N/A

ICVT Maturity Distribution


ICVT
Segment Benchmark
--
--
--
--
--
--
--
--
--
--
--
--

ICVT Credit Breakdown


ICVT
Segment Benchmark
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--