ICVTiShares Convertible Bond ETF
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 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.
ICVT MSCI ESG Analytics Insight
iShares Convertible Bond ETF has an MSCI ESG Fund Rating of BB based on a score of 4.41 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 15th percentile within its peer group and in the 6th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
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 4 out of 5.