Ishares Convertible Bond Etf Profile

ICVT Etf  USD 78.78  0.42  0.54%   


5 of 100


Odds Of Distress

Less than 9

IShares Convertible is selling for under 78.78 as of the 26th of May 2024; that is 0.54 percent up since the beginning of the trading day. The etf's last reported lowest price was 78.4. IShares Convertible has less than a 9 % chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for iShares Convertible Bond are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 3rd of November 2022 and ending today, the 26th of May 2024. Click here to learn more.
The fund will invest at least 80 percent of its assets in the component securities of the underlying index, and it will invest at least 90 percent of its assets in fixed income securities of the types included in the underlying index that BFA believes will help the fund track the underlying index. More on iShares Convertible Bond

Moving together with IShares Etf

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IShares Etf Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. IShares Convertible's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding IShares Convertible or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Thematic IdeaCorporate ETFs (View all Themes)
Business ConcentrationCorporate ETFs, Convertibles, iShares (View all Sectors)
Inception Date2015-06-02
BenchmarkBloomberg U.S. Convertible Cash Pay Bond > $250MM Index
Entity TypeRegulated Investment Company
Asset Under Management1.98 Billion
Average Trading Valume185,281.2
Asset TypeFixed Income
Market ConcentrationDeveloped Markets
RegionNorth America
AdministratorState Street Bank and Trust Company
AdvisorBlackRock Fund Advisors
CustodianState Street Bank and Trust Company
DistributorBlackRock Investments, LLC
Portfolio ManagerJames Mauro, Karen Uyehara
Transfer AgentState Street Bank and Trust Company
Fiscal Year End31-Oct
ExchangeCboe BZX Exchange, Inc.
Number of Constituents339
Market MakerJane Street
Total Expense0.2
Management Fee0.2
Country NameUSA
Returns Y T D0.91
NameiShares Convertible Bond ETF
Currency CodeUSD
Open FigiBBG009BKDML7
In Threey Volatility12.63
1y Volatility12.2
200 Day M A76.2694
50 Day M A78.3081
Updated At26th of May 2024
Currency NameUS Dollar
iShares Convertible Bond [ICVT] is traded in USA and was established 2015-06-02. The fund is listed under Convertibles category and is part of iShares family. The entity is thematically classified as Corporate ETFs. iShares Convertible Bond currently have 1.76 B in assets under management (AUM). , while the total return for the last 3 years was -3.0%.
Check IShares Convertible Probability Of Bankruptcy

Geographic Allocation (%)

Sector Allocation

Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on IShares Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding IShares Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as iShares Convertible Bond Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.

Top iShares Convertible Bond Etf Constituents

MUMicron TechnologyStockInformation Technology
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IShares Convertible Top Holders

GIXFXGuidepath Flexible IncomeMutual FundTactical Allocation
ACXCXCatalystauctos Multi Strategy FundMutual FundMacro Trading
GPIFXGuidepath Flexible IncomeMutual FundTactical Allocation
TNMIX1290 Multi Alternative StrategiesMutual FundMultistrategy
ACXIXCatalystauctos Multi Strategy FundMutual FundMacro Trading
QAIIQ Hedge Multi StrategyEtfMultistrategy
HCMLXHcm Income PlusMutual FundAllocation--50% to 70% Equity
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iShares Convertible Bond Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. IShares Convertible market risk premium is the additional return an investor will receive from holding IShares Convertible long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in IShares Convertible. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although IShares Convertible's alpha and beta are two of the key measurements used to evaluate IShares Convertible's performance over the market, the standard measures of volatility play an important role as well.

IShares Convertible Against Markets

Picking the right benchmark for IShares Convertible etf is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in IShares Convertible etf price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for IShares Convertible is critical whether you are bullish or bearish towards iShares Convertible Bond at a given time. Please also check how IShares Convertible's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in IShares Convertible without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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How to buy IShares Etf?

Before investing in IShares Convertible, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in IShares Convertible. To buy IShares Convertible etf, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of IShares Convertible. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase IShares Convertible etf. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located iShares Convertible Bond etf in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased iShares Convertible Bond etf, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the etf
It's important to note that investing in stocks, such as iShares Convertible Bond, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in etf prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy IShares Etf please use our How to Invest in IShares Convertible guide.

Already Invested in iShares Convertible Bond?

The danger of trading iShares Convertible Bond is mainly related to its market volatility and ETF specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of IShares Convertible is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than IShares Convertible. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile iShares Convertible Bond is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether iShares Convertible Bond is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if IShares Etf is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ishares Convertible Bond Etf. Highlighted below are key reports to facilitate an investment decision about Ishares Convertible Bond Etf:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares Convertible Bond. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in real.
You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
The market value of iShares Convertible Bond is measured differently than its book value, which is the value of IShares that is recorded on the company's balance sheet. Investors also form their own opinion of IShares Convertible's value that differs from its market value or its book value, called intrinsic value, which is IShares Convertible's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IShares Convertible's market value can be influenced by many factors that don't directly affect IShares Convertible's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between IShares Convertible's value and its price as these two are different measures arrived at by different means. Investors typically determine if IShares Convertible is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IShares Convertible's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.