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
iShares Convertible Bond ETF has an MSCI ESG Fund Rating of BB based on a score of 3.32 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 11st percentile within its peer group and in the 16th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
ICVT CHARTS AND PERFORMANCE
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ICVT Summary Data
ICVT Portfolio Data
ICVT Index Data
ICVT Portfolio Management
ICVT Tax Exposures
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 N/A out of 5.
ICVT Tradability
ICVT Top 10 Holdings[View All]
ICVT Performance Statistics
ICVT MSCI ESG Ratings
ICVT HOLDINGS STATISTICS
ICVT AVG LIFE MATURITY DISTRIBUTION
ICVT OAS BREAKDOWN
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