iShares Convertible Bond ETFiShares Convertible Bond ETFiShares Convertible Bond ETF

iShares Convertible Bond ETF

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Key stats

Assets under management (AUM)
‪1.82 B‬USD
Fund flows (1Y)
‪539.95 M‬USD
Dividend yield (indicated)
2.03%
Discount/Premium to NAV
0.3%

About iShares Convertible Bond ETF

Issuer
BlackRock, Inc.
Brand
iShares
Expense ratio
0.20%
Home page
Inception date
Jun 2, 2015
Index tracked
Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index
Management style
Passive
ISIN
US46435G1022
ICVT offers modest differences from its State Street rival, CWB. The fund can hold smaller issues (250M vs. 500M minimum) and screens out certain kinds of convertibles (mandatory, preferred, and zero coupons). Investors with a nuanced view of the space might appreciate having a choice in exposure. By design, convertible bonds hold equity-like upside while tending to fare well when rates rise. However, they carry more credit risk and are much more volatile than a diversified, total-market bond portfolio.

Classification

Asset Class
Fixed income
Category
Corporate, convertible
Focus
Broad credit
Niche
Broad maturities
Strategy
Vanilla
Weighting scheme
Market value
Selection criteria
Market value

Returns

1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund

As of April 17, 2024
Exposure type
StocksBonds, Cash & Other
Corporate
Stocks0.48%
Utilities0.45%
Consumer Services0.03%
Bonds, Cash & Other99.52%
Corporate95.06%
Miscellaneous3.91%
Cash0.55%
Top 10 holdings

Dividends

Dividend payout history

Assets under management (AUM)

Fund Flows