iShares Fallen Angels USD Bond ETF
FALN
NASDAQ Global Market- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that 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 invests at least 80% of its assets in the component securities of the underlying index and at least 90% in fixed income securities of the types included therein, with issuers capped at 3% weight to promote diversification across sectors such as consumer cyclical, communications, energy, real estate, and utilities; top holdings include Rockies Express Pipeline LLC, Buckeye Partners LP, Whirlpool Corporation, VF Corporation, Vodafone Group PLC, Nordstrom Inc., Celanese US Holdings LLC, Telecom Italia Capital SA, Hudson Pacific Properties LP, and Service Properties Trust. FALN, managed by BlackRock under the iShares brand with portfolio managers James Mauro, Karen Uyehara, Jonathan Graves, and Marcus Tom (the latter two added effective August 1, 2025), features an expense ratio of 0.25%, effective duration of approximately 4.78 years, and a 30-day SEC yield reflecting its high yield focus; it targets investors seeking income generation from "fallen angels" bonds, which offer stronger fundamentals and recovery potential compared to originally issued junk bonds, with broad diversification mitigating sector-specific risks. Launched on June 14, 2016 and domiciled in the United States with listing on NASDAQ, FALN operates primarily in U.S. markets through its USD-denominated bond portfolio and is part of BlackRock's iShares family of fixed income ETFs without an ESG investment strategy. Recent developments include ongoing monthly dividend distributions, such as $0.1514 per share declared in late 2024 and ex-dividend dates in November 2025, alongside portfolio manager additions of Jonathan Graves and Marcus Tom on August 1, 2025 to enhance risk management amid high-yield volatility; the fund maintains a non-ESG focus with Fidelity's commission-free offering for select iShares ETFs potentially boosting accessibility, though no new product launches, acquisitions, partnerships, or major strategic shifts specific to FALN were reported in 2024-2025.