iShares Fallen Angels USD Bond ETF — Company Overview, News & Financial Data

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) focuses on investment in so-called "fallen angel" bonds. These are corporate bonds originally issued with investment-grade ratings that have since been downgraded to below investment grade. The objective behind iShares Fallen Angels USD Bond ETF is to track the performance of an index composed of U.S. dollar-denominated, high yield corporate bonds that were previously investment grade. The strategy seeks to capitalize on the potential upside of bonds that may recover in value after their downgrade, aiming to offer investors a mix of risk and return that differs from both traditional high yield and investment-grade bond funds. The fund operates exclusively within the framework provided by the NYSE Arca, under the ticker symbol FALN, catering to investors looking to diversify their fixed income portfolio with a specialized approach.