FALN – iShares Fallen Angels USD Bond ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the investment results of the Bloomberg US High Yield Fallen Angel 3% Capped Index composed of U.S. dollar-denominated, high yield corporate bonds that were previously rated investment grade. The fund will invest at least 80% of its assets in the component securities of the underlying index, and the fund will invest at least 90% of its assets in fixed income securities of the types included in the underlying index. The index is designed to reflect the performance of U.S. dollar denominated, high yield corporate bonds that were previously rated investment grade.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FALN	iShares Fallen Angels USD Bond ETF	ETF	Open			Jun 14, 2016	$1.55B	0.250%	—	—	−$262.69M

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