FALN
·NASDAQ
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Key Stats
Assets Under Management
1.85BUSD
Fund Flows (1Y)
-53.10MUSD
Dividend Yield
6.31%
Discount/Premium to NAV
0.34%
Shares Outstanding
68.05M
Expense Ratio
0.25%
About iShares Fallen Angels USD Bond ETF
Issuer
BlackRock Fund Advisors
Brand
iShares
Inception Date
Jun 14, 2016
Structure
Open-Ended Fund
Index Tracked
Bloomberg US High Yield Fallen Angel 3% Capped Index
Management Style
Passive
Dividend Treatment
Distributes
Distribution Tax Treatment
Ordinary income
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
FALN invests in corporate ”fallen angels” corporate bonds that previously received an investment-grade rating, but have since been downgraded to sub-investment grade. Eligible securities must be USD-denominated, from developed-market issuers. Constituents are weighted by market value, with a cap of 3% per issuer. Unsurprisingly given the investment-grade origins of its holdings, the fund has a strong bias towards higher-rated BB and B bonds, with longer maturities and greater interest-rate exposure than most funds in the segment. The fallen-angel thesis revolves around total return: the bonds generate income, but also have the potential for capital appreciation if a constituent returns to investment-grade status.
Classification
Asset Class
Fixed Income
Category
Corporate, Broad-based
Focus
High Yield
Niche
Broad Maturities
Strategy
Fundamental
Geography
Developed Markets
Weighting Scheme
Market Value
Selection Criteria
Credit downgrade
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -0.80% | -1.55% | +1.68% | +2.40% | +10.21% | -7.24% |
NAV Total Return | -0.01% | +0.44% | +8.52% | +8.86% | +31.69% | +21.57% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Real Estate
100.00%
Real Estate
100.00%
Asset
Region
100%
Category
Ratio
North America
100.00%
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
VODAFONE GROUP PLC
3.02%
GFL ENVIRONMENTAL INC 144A
2.07%
RESORTS WORLD LAS VEGAS LLC RegS
1.77%
PACIFICORP
1.76%
ROGERS COMMUNICATIONS INC 144A
1.49%
DRESDNER FUNDING TRUST I 144A
1.46%
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UNITED RENTALS (NORTH AMERICA) INC
1.43%
HUNTSMAN INTERNATIONAL LLC
1.43%
PERRIGO FINANCE UNLIMITED CO
1.42%
METHANEX CORPORATION
1.39%
Top 10 Weight 17.24%
156 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-19 | 2025-12-19 | 2025-12-24 | 0.147 |
| 2025-12-01 | 2025-12-01 | 2025-12-05 | 0.145 |
| 2025-11-03 | 2025-11-03 | 2025-11-07 | 0.151 |
| 2025-10-01 | 2025-10-01 | 2025-10-06 | 0.144 |
| 2025-09-02 | 2025-09-02 | 2025-09-05 | 0.142 |
| 2025-08-01 | 2025-08-01 | 2025-08-06 | 0.142 |
| 2025-07-01 | 2025-07-01 | 2025-07-07 | 0.133 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
