iShares Convertible Bond ETF
ICVT
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Jun 4, 2015
- CIK
- 0001100663
- Website
- ishares.com
- Similar Companies
- Business
- iShares Convertible Bond ETF (ICVT) is an exchange-traded fund managed by BlackRock that seeks to track the investment results of the Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index, composed of U.S. dollar-denominated convertible securities, specifically cash pay bonds with outstanding issue sizes greater than $250 million; the fund excludes mandatory convertibles, preferred convertibles, and zero-coupon convertibles to focus on instruments offering equity upside potential with bond-like income and downside protection. Launched on June 2, 2015, and domiciled in the United States with headquarters aligned to BlackRock's operations in Wilmington, Delaware, ICVT provides investors access to a diversified portfolio of approximately 343 holdings across sectors such as technology (e.g., Super Micro Computer Inc., Akamai Technologies Inc.), consumer discretionary (e.g., GameStop Corp., Live Nation Entertainment Inc.), communication services (e.g., Strategy Inc., Coinbase Global Inc.), and others including Lumentum Holdings Inc., Alibaba Group Holding Ltd., and Western Digital Corporation as top issuers; the fund targets institutional and retail investors seeking hybrid fixed-income exposure with reduced interest rate sensitivity due to equity-linked characteristics. Net assets stand at approximately $2.53 billion, with a management fee of 0.20%, monthly distributions, and operations primarily in U.S. markets through listings on the Cboe BZX Exchange. In recent developments, portfolio management for ICVT saw the addition of Jonathan Graves and Marcus Tom as co-portfolio managers effective August 1, 2025, alongside existing manager James Mauro, reflecting BlackRock's strategy to enhance fixed-income expertise amid evolving market conditions including Federal Reserve rate dynamics and increased convertible bond issuance exceeding $86 billion since 2024 in sectors like technology, healthcare, and energy. The fund has maintained stable operations without major acquisitions, partnerships, or structural changes specific to ICVT in the last 1-2 years, though BlackRock has pursued broader iShares expansions such as new ETF launches (e.g., iShares iBonds UCITS ETFs in 2024 and active equity ETFs like BDYN and BDVL in 2025) and institutional interest evidenced by position adjustments from firms like US Bancorp DE and Insight Wealth Strategies LLC in Q2 2025. ICVT continues to deliver strong risk-adjusted returns, with a 1-year total return of 22.26%, 5-year annualized return of 8.18%, and a Sharpe Ratio advantage over traditional bond benchmarks, positioning it for income-driven portfolios in a higher-for-longer rate environment.