iShares Fallen Angels USD Bond ETF (FALN US) - Portfolio Construction Methodology
ETF Strategy·2026-01-20 09:26
iShares Fallen Angels USD Bond ETF (FALN US) – Portfolio Construction MethodologyThe underlying Bloomberg US High Yield Fallen Angel 3% Capped Index targets USD-denominated corporate bonds that were previously investment grade and are now high yield. Eligibility is limited to U.S. corporate issuers (industrial, financials, utilities); country of risk in emerging markets is excluded. Bonds must be fixed-rate (fixed-to-float eligible only during the fixed term), fully taxable, SEC-registered or Rule 144A, wit ...