ICVT

iShares Convertible Bond ETF

$98.06

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The iShares Convertible Bond ETF (ICVT) seeks to track the investment results of an index composed of U.S. convertible securities.

Overview

ETF tracking iShares Convertible Bond ETF

Category Fixed Income

Issuer BlackRock

Inception Date 2015-06-04

Market Cap $2.9B

Average Volume N/A

Dividend Yield 1.40%

52-Week Range $78.98 - $103.73

VWAP $98.52

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The iShares Convertible Bond ETF (ICVT) seeks to track the investment results of an index composed of U.S. convertible securities.

🎯 Investment Strategy

The ETF employs a passive management strategy, attempting to replicate the performance of the Bloomberg US Convertible Bond Index. It invests primarily in a portfolio of convertible bonds issued by U.S. companies.

✨ Key Features

Provides exposure to a diversified portfolio of U.S. convertible bonds
Tracks the Bloomberg US Convertible Bond Index, a broad-based convertible securities index
Low expense ratio of 0.00%
Suitable for investors seeking income and potential upside from convertible bonds

⚠️ Primary Risks

Interest rate risk: Convertible bond prices may decline as interest rates rise
Credit risk: The creditworthiness of the underlying issuers can impact the value of the bonds
Liquidity risk: Convertible bonds may have lower trading volumes and be less liquid than other fixed income securities
Market risk: The overall convertible bond market may experience volatility and decline in value

👤 Best For

The iShares Convertible Bond ETF may be suitable for investors seeking income and potential capital appreciation from a diversified portfolio of U.S. convertible securities. It can be used as a core fixed income allocation or to complement an existing portfolio. Investors should be comfortable with the risks associated with convertible bonds and the overall fixed income market.

Top Holdings

Rank	Name	Weight	Sector
1	ALIBABA GROUP HOLDING LTD	2.63%	Consumer Cyclical
2	WESTERN DIGITAL CORPORATION	2.10%	Technology
3	SEAGATE HDD CAYMAN	1.50%	Technology
4	BLOOM ENERGY CORPORATION	1.07%	Capital Goods
5	SOFI TECHNOLOGIES INC 144A	0.85%	Finance Companies
6	DOORDASH INC 144A	0.85%	Consumer Cyclical
7	GAMESTOP CORP 144A	0.84%	Consumer Cyclical
8	BLOOM ENERGY CORPORATION	0.80%	Capital Goods
9	MICROSTRATEGY INCORPORATED 144A	0.79%	Technology
10	FORD MOTOR COMPANY	0.77%	Consumer Cyclical
11	UBER TECHNOLOGIES INC	0.76%	Consumer Cyclical
12	MP MATERIALS CORP 144A	0.75%	Basic Industry
13	ROCKET LAB USA INC 144A	0.74%	Capital Goods
14	CLOUDFLARE INC 144A	0.71%	Technology
15	PG&E CORPORATION	0.69%	Electric