iShares Fallen Angels USD Bond ETF
$26.36−0.21 (−0.81%)
- Expense ratio
- 0.25%
- Fund size
- $1.6B
- 1Y return
- +2.1%
- Yield · Last 12 months
- 6.62%
- Holdings
- 154
- Volume · 30D
- 0.9M sh
- NAV per share
- $26.57
- 52W range
The ETF.net FALN Grade
Score 70 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 79Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 93Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 31Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 63Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 47Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 90Category rank
Our read on FALN
ADowngrades are the shopping list. FALN holds dollar bonds that were investment grade until the ratings cut, keeps any one issuer to 3% of the index, and charges 0.25% for it. Roughly 160 bonds, income paid monthly.
The Fund seeks to track an index of U.S. dollar-denominated high-yield corporate bonds that were previously rated investment grade.
Why people hold it
- The whole idea: every bond here started life investment grade and got cut to junk. That is a different slice of high yield than a plain market-weighted junk index.ishares.com
- 0.25% a year, below what the typical high-yield ETF charges, for a screen that most junk-bond funds do not run.
- The index caps any single issuer at 3%, so one blown-up borrower cannot swamp the roughly 160-bond basket.
- Running since 2016, now a multi-billion-dollar iShares fund that tracks its index closely. One of the stronger builds in the high-yield group.
Worth knowing
- Still junk debt. When credit spreads widen, these bonds fall with the rest of high yield, and the ride is bumpier than investment-grade credit.
- Downgrade waves are lumpy. The basket fills with whichever industry is getting cut, so the sector mix can look nothing like a broad high-yield fund.
- Broad high-yield rivals such as SCYB and SPHY charge single-digit basis points. The fallen-angel screen costs extra.
FALN Holdings
- Bonds
- 154
- 18%
- VODAFONE GROUP PLC 7.00% 04/04/2079
Sectors
- Real Estate100.0%
Geography
- United States100.00%
FALN Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FALN |
|---|---|
| Year to date | +1.6% |
| 1 month | −1.1% |
| 3 months | −0.6% |
| 1 year | +2.1% |
| 3 years | +8.7% |
| 5 years | +3.1% |
| 10 years | +5.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FALN |
|---|---|---|
| 2026 YTD | +1.6% | |
| 2025 | +8.9% | |
| 2024 | +7.7% | |
| 2023 | +13.5% | |
| 2022 | −13.8% | |
| 2021 | +5.4% | |
| 2020 | +14.9% |
FALN in the news
ETF.net Research hasn’t filed on FALN yet — coverage lands here as it’s written.
FALN Dividends
- 6.62%
- $1.76
- $0.14 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.14 |
| Aug 3, 2026 | Aug 6, 2026 | $0.15 |
| Jul 1, 2026 | Jul 7, 2026 | $0.14 |
| Jun 1, 2026 | Jun 4, 2026 | $0.15 |
| May 1, 2026 | May 6, 2026 | $0.15 |
| Apr 1, 2026 | Apr 7, 2026 | $0.14 |
| Mar 2, 2026 | Mar 5, 2026 | $0.15 |
| Feb 2, 2026 | Feb 5, 2026 | $0.15 |
| Dec 19, 2025 | Dec 24, 2025 | $0.15 |
| Dec 1, 2025 | Dec 4, 2025 | $0.15 |
| Nov 3, 2025 | Nov 6, 2025 | $0.15 |
| Oct 1, 2025 | Oct 6, 2025 | $0.14 |
FALN Risk
- 5.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.67
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −18.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.80
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FALN Cost
- The middle half of US High Yield funds
- Median 0.43%
16 of the 84 US High Yield funds charge less.