Key stats
About iShares Convertible Bond ETF
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Inception date
Jun 2, 2015
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate99.10%
Cash0.74%
Miscellaneous0.17%
Stock breakdown by region
North America90.06%
Asia6.92%
Europe1.53%
Middle East1.01%
Oceania0.49%
Latin America0.00%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ICVT top holdings are Alibaba Group Holding Limited 0.5% 01-JUN-2031 and DoorDash, Inc. 0.0% 15-MAY-2030, occupying 2.23% and 1.08% of the portfolio correspondingly.
ICVT last dividends amounted to 0.14 USD. The month before, the issuer paid 0.15 USD in dividends, which shows a 9.29% decrease.
ICVT assets under management is 2.71 B USD. It's risen 10.34% over the last month.
ICVT fund flows account for 517.67 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, ICVT pays dividends to its holders with the dividend yield of 2.09%. The last dividend (Jul 7, 2025) amounted to 0.14 USD. The dividends are paid monthly.
ICVT shares are issued by BlackRock, Inc. under the brand iShares. The ETF was launched on Jun 2, 2015, and its management style is Passive.
ICVT expense ratio is 0.20% meaning you'd have to pay 0.20% of your investment to help manage the fund.
ICVT follows the Bloomberg U.S. Convertible Cash Pay Bond > $250MM Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ICVT invests in bonds.
ICVT price has risen by 3.09% over the last month, and its yearly performance shows a 13.80% increase. See more dynamics on ICVT price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 3.14% over the last month, showed a 12.03% increase in three-month performance and has increased by 17.07% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 3.14% over the last month, showed a 12.03% increase in three-month performance and has increased by 17.07% in a year.
ICVT trades at a premium (0.10%) meaning the ETF is trading at a higher price than the calculated NAV.