Key stats
About iShares Fallen Angels USD Bond ETF
Home page
Inception date
Jun 14, 2016
Structure
Open-Ended Fund
Replication method
Physical
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.43%
Cash0.57%
Stock breakdown by region
North America85.05%
Europe11.33%
Asia3.62%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FALN last dividends amounted to 0.13 USD. The month before, the issuer paid 0.14 USD in dividends, which shows a 7.52% decrease.
FALN assets under management is 1.83 B USD. It's risen 7.00% over the last month.
FALN fund flows account for 152.33 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FALN pays dividends to its holders with the dividend yield of 6.22%. The last dividend (Jul 7, 2025) amounted to 0.13 USD. The dividends are paid monthly.
FALN shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Jun 14, 2016, and its management style is Passive.
FALN expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
FALN follows the US High Yield Fallen Angel 3% Capped. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FALN invests in bonds.
FALN price has risen by 0.78% over the last month, and its yearly performance shows a 1.28% increase. See more dynamics on FALN price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.22% over the last month, showed a 5.43% increase in three-month performance and has increased by 7.80% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.22% over the last month, showed a 5.43% increase in three-month performance and has increased by 7.80% in a year.
FALN trades at a premium (0.21%) meaning the ETF is trading at a higher price than the calculated NAV.