|
iShares Fallen Angels USD Bond ETF
|
|||||||||||||||||
- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| The iShares Fallen Angels USD Bond ETF tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. |
| Category | Corporate |
| Fund Sponsor | BlackRock |
| Website | www.ishares.com |
| Inception date | Jun 14, 2016 |
| Assets (mns) | $1,653 |
| Currency | USD |
| Expense ratio | 25 bp |
| Distributions | Monthly |
| Regulation | Open-Ended Fund |
| Custodian | |
| Weighting | Market Value |
| Index replication |
| No. of constituents | 244 |
| No of distinct issuers | 122 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 13% /87% |
| Non-standard maturity (callable, etc.) | 83% |
| INTESA SANPAOLO S.P.A 5.0% 6/26/24 | 1.9 % |
| SPRINT CAPITAL CORP. 6.9% 11/15/28 | 1.6 % |
| SPRINT CAPITAL CORP. 8.8% 3/15/32 | 1.4 % |
| 0.0% /00/00 | 1.4 % |
| DEUTSCHE BANK AKTIENG 4.5% 4/01/25 | 1.3 % |
| EMBARQ CORP. 8.0% 6/01/36 | 1.3 % |
| DEUTSCHE BANK AKTIENG 4.3% 5/24/28 | 1.3 % |
| DRESDNER FUNDING TRUS 8.2% 6/30/31 | 1.3 % |
| BARCLAYS PLC 4.8% 5/09/28 | 1.2 % |
| BARCLAYS PLC 5.2% 5/12/26 | 1.2 % |
| TOTAL | 13.8 % |
|---|
| SANDS CHINA LTD. | 2.9% |
| LAS VEGAS SANDS CORP. | 2.8% |
| TELECOM ITALIA CAPITAL SA | 2.8% |
| NEWELL BRANDS INC | 2.8% |
| UNICREDIT S.P.A. | 2.7% |
 |
UNITED STATES | 72.4 % |
 |
UNITED KINGDOM | 4.3 % |
 |
ITALY | 3.6 % |
 |
CANADA | 3.3 % |
 |
MACAU | 2.9 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 2.7% | 13.7% | 5.8% | -- | 6.3% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.08 | 71% |
| S&P500 | 0.44 | 74% |
| MSCI EAFE | 0.47 | 77% |
| MSCI Emg. Mkts. | 0.36 | 48% |
| Recent close | $26.16 |
| 30d moving avg. | $25.63 |
| Annualized volatility | 9.2% |
| Short interest (ETF) | 0.3% |
| Relative strength (RSI) | 83 |
| Avg. volume (thou.) | 703 |
| Avg. daily value traded (mns) | $18 |
| Turnover | 1.1% |
| Bid/Ask (% of price) | 0.04 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FALN | 5.6 yrs | Category Avg.* |
4.6 yrs |
| FALN | 5.4% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 10.14% | -17.1% | $21.69 |
| +200 bp | 9.14% | -11.2% | $23.23 |
| +150 bp | 8.64% | -8.3% | $23.99 |
| +100 bp | 8.14% | -5.5% | $24.72 |
| +75 bp | 7.89% | -4.1% | $25.09 |
| +50 bp | 7.64% | -2.7% | $25.45 |
| +25 bp | 7.39% | -1.4% | $25.81 |
| 0 bp | 7.14% | 0% | $26.16 |
| -25 bp | 6.89% | 1.3% | $26.51 |
| -50 bp | 6.64% | 2.7% | $26.86 |
| -75 bp | 6.39% | 4.0% | $27.20 |
| -100 bp | 6.14% | 5.3% | $27.54 |
| -150 bp | 5.64% | 7.8% | $28.21 |
| -200 bp | 5.14% | 10.3% | $28.86 |
| -300 bp | 4.14% | 15.2% | $30.13 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
714 | bp |
| Less: Annual "default factor" |
133 | bp |
| Less: Expense ratio | 25 | bp |
| Equals: ALTAR Score | 5.56 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.6% |
| Corporate | 4.5% |
| Emerging Market | 6.3% |
| Government | 4.7% |
| Inflation Protected | 3.0% |
| Mortgage | 5.3% |
| Municipals | 3.4% |
| *Note: The iShares Fallen Angels USD Bond ETF is classified as a Corporate fund. | |