FALN
iShares Fallen Angels USD Bond ETF
NAV as of
4 Week: 24.95 - 25.44
52 Week: 23.70 - 25.76
Latest Closing Price
25.00
Premium / Discount
0.25
Expense Ratio
0.25%
Investment Objective
The investment seeks to track the investment results of the Bloomberg US High Yield Fallen Angel 3% Capped Index composed of U.S. dollar-denominated, high yield corporate bonds that were previously rated investment grade. The fund will invest at least 80% of its assets in the component securities of the underlying index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the underlying index. The index is designed to reflect the performance of U.S. dollar denominated, high yield corporate bonds that were previously rated investment grade.
Main Fund Characteristics
Performance
| Period | Performance Returns(%) | Volatility(%) | Risk Adjusted Performance |
|---|---|---|---|
| YTD | 1.38 | 0.44 | 3.16 |
| 1 Day | -0.20 | 0.00 | 0.00 |
| 1 Week | -1.31 | 0.75 | -1.75 |
| 1 Month | -0.68 | 1.49 | -0.46 |
| 3 Months | -0.28 | 2.99 | -0.09 |
| 6 Months | 1.09 | 4.39 | 0.25 |
| 1 Year | 3.23 | 8.65 | 0.37 |
| 2 Years | -17.71 | 13.15 | -1.35 |
| 3 Years | -7.77 | 13.92 | -0.56 |
| 5 Years | -6.06 | 25.30 | -0.24 |
| 10 Years | 0.00 | 0.00 | 0.00 |
Price History
Annual Performance Return
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Price (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 9.2532 | -4.3657 | 16.6407 | 14.4325 | 5.7666 | -13.5889 |
| Nav (%) | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
| Rank | 0.0000 | 0.0000 | 0.0000 | 0.0000 | 7.0000 | 86.0000 | 5.0000 | 1.0000 | 22.0000 | 92.0000 |
Dividend Frequency
Lastest Dividend
| Ex Date | Payment Date | Dividend Payout per unit |
|---|---|---|
| 31/08/2023 | 07/09/2023 | 0.1160 |
| 02/07/2023 | 09/07/2023 | 0.1121 |
| 31/05/2023 | 06/06/2023 | 0.1119 |
| 30/04/2023 | 04/05/2023 | 0.1139 |
| 02/04/2023 | 06/04/2023 | 0.1076 |
| 28/02/2023 | 06/03/2023 | 0.1106 |
| 31/01/2023 | 06/02/2023 | 0.1132 |
| 14/12/2022 | 20/12/2022 | 0.1055 |
| 30/11/2022 | 06/12/2022 | 0.1092 |
| 31/10/2022 | 06/11/2022 | 0.1364 |
Portfolio Data
Total Number of Holdings: 220
Number of Bond Holdings: 218
Number of Equity Holdings: 0
Total Market Value: 1,362,541,869
Portfolio Composition
Top 10 Holdings
| % Portfolio Weight | Shares Owned | Shares Changed | Market Value | ||
|---|---|---|---|---|---|
| 1 | Vodafone Group plc 7% | 2.2361 | 2,800,000 | 0 | 3,263,577 |
| 2 | Intesa Sanpaolo S.p.A. 5.02% | 2.0361 | 2,800,000 | 0 | 2,971,663 |
| 3 | Sprint Capital Corporation 6.88% | 1.5451 | 2,000,000 | 25,000 | 2,255,072 |
| 4 | Deutsche Bank AG New York Branch 4.5% | 1.4587 | 2,175,000 | 200,000 | 2,128,922 |
| 5 | Sprint Capital Corporation 8.75% | 1.3754 | 1,610,000 | 10,000 | 2,007,277 |
| 6 | Deutsche Bank AG New York Branch 4.3% | 1.3389 | 2,025,000 | 0 | 1,954,112 |
| 7 | Dresdner Funding Trust I 8.15% | 1.3073 | 1,400,000 | 0 | 1,907,928 |
| 8 | Barclays PLC 4.84% | 1.2655 | 1,700,000 | 0 | 1,846,945 |
| 9 | The Gap, Inc. 5.95% | 1.1595 | 1,625,000 | 0 | 1,692,171 |
| 10 | Navient Corporation 5.5% | 1.1103 | 1,525,000 | 0 | 1,620,457 |
Country Exposure
Regional Exposure
America
Greater Europe
Greater Asia
Market Classification
Market Capitalization
| Size | % of portfolio |
|---|---|
| Giant | 0.00 |
| Large | 0.41 |
| Medium | 0.00 |
| Small | 0.00 |
| Micro | 0.00 |
Equity Style Box Breakdown
| 0 | 0 | 0 | Large |
| 0 | 0 | 0 | Mid |
| 0 | 0 | 0 | Small |
| Value | Blend | Growth |
Value Measures
Price/Prospective Earnings*
7.7101
Price/Book*
0.2860
Price/Sales*
0.8913
Price/Cash Flow*
0.0000
Dividend Yield*
1.0230
Growth Measures
Long-Term Earnings
18.3910
Historical Earnings
130.2238
Sales Growth
0.0000
Cash-Flow Growth
0.0000
Book-Value Growth
0.0000
*Forward-looking based on historical data.
Equity Sector
Number of Bond Holdings
218
Bond Statitics
| Detail | Value |
|---|---|
| Average Effective Duration | 4.80 |
| Average Effective Maturity (Years)* | 7.50 |
| Average Credit Quality | 14.00 |
| Average Weighted Coupon* | 5.37 |
| Average Weighted Price* | 89.57 |
Bond Style Box Breakdown
| 0 | 0 | 0 | High | Quality |
| 0 | 0 | 0 | Med | |
| 0 | 0 | 0 | Low | |
| Ltd | Mod | Ext | ||
| Interest-Rate Sensitivity | ||||
Credit Quality
| Type | % Bonds |
|---|---|
| AAA | 0.00 |
| AA | 0.00 |
| A | 0.00 |
| BBB | 2.92 |
| BB | 76.19 |
| B | 15.93 |
| Below B | 4.95 |
| Not Rated | 0.00 |
Bond Sector
Bond Maturity
| % Bonds | |
|---|---|
| 1 to 3 Years | 25.37 |
| 3 to 5 Years | 19.91 |
| 5 to 7 Years | 12.55 |
| 7 to 10 Years | 10.13 |
| 10 to 15 Years | 14.36 |
| 15 to 20 Years | 4.39 |
| 20 to 30 Years | 7.56 |
| Over 30 Years | 4.05 |
| 1 to 7 Days | 0.00 |
| 8 to 30 Days | 0.00 |
| 31 to 90 Days | 0.00 |
| 91 to 182 Days | 0.00 |
| 183 to 364 Days | 0.54 |
Data Source: Morningstar
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(4) are provided solely for informational purposes;
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Morningstar and Phillip Securities Pte Ltd are not responsible for any trading decisions, damages or other losses related to the Information or its use. Please verify all of the Information before using it and don’t make any investment decision except upon the advice of a professional financial adviser. Past performance is no guarantee of future results. The value and income derived from investments may go down as well as up.
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