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iShares Fallen Angels USD Bond ETF
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- 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) | $1,856 |
| 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% |
| 0.0% // | 3.0 % |
| 0.0% // | 2.1 % |
| 0.0% // | 1.7 % |
| 0.0% // | 1.5 % |
| 0.0% // | 1.4 % |
| 0.0% // | 1.4 % |
| 0.0% // | 1.3 % |
| 0.0% // | 1.3 % |
| 0.0% // | 1.2 % |
| 0.0% // | 1.2 % |
| TOTAL | 16.1 % |
|---|
| 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. |
| 7.3% | 6.4% | 5.4% | -- | 6.7% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.73 | 57% |
| S&P500 | 0.36 | 61% |
| MSCI EAFE | 0.31 | 55% |
| MSCI Emg. Mkts. | 0.21 | 30% |
| Recent close | $27.55 |
| 30d moving avg. | $27.53 |
| Annualized volatility | 6.3% |
| Short interest (ETF) | 0.4% |
| Relative strength (RSI) | 59 |
| Avg. volume (thou.) | 1,056 |
| Avg. daily value traded (mns) | $29 |
| Turnover | 1.6% |
| Bid/Ask (% of price) | 0.04 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FALN | 5.6 yrs | Category Avg.* |
4.7 yrs |
| FALN | 5.4% | Category Avg.* |
4.6% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 9.12% | -17.1% | $22.84 |
| +200 bp | 8.12% | -11.2% | $24.47 |
| +150 bp | 7.62% | -8.3% | $25.26 |
| +100 bp | 7.12% | -5.5% | $26.04 |
| +75 bp | 6.87% | -4.1% | $26.42 |
| +50 bp | 6.62% | -2.7% | $26.80 |
| +25 bp | 6.37% | -1.4% | $27.18 |
| 0 bp | 6.12% | 0% | $27.55 |
| -25 bp | 5.87% | 1.3% | $27.92 |
| -50 bp | 5.62% | 2.7% | $28.28 |
| -75 bp | 5.37% | 4.0% | $28.64 |
| -100 bp | 5.12% | 5.3% | $29.00 |
| -150 bp | 4.62% | 7.8% | $29.71 |
| -200 bp | 4.12% | 10.3% | $30.40 |
| -300 bp | 3.12% | 15.2% | $31.73 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
612 | bp |
| Less: Annual "default factor" |
133 | bp |
| Less: Expense ratio | 25 | bp |
| Equals: ALTAR Score | 4.54 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 2.7% |
| Corporate | 3.7% |
| Emerging Market | 5.3% |
| Government | 6.8% |
| Inflation Protected | 2.0% |
| Mortgage | 4.5% |
| Municipals | 3.1% |
| *Note: The iShares Fallen Angels USD Bond ETF is classified as a Corporate fund. | |