iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund in the High Yield Bond category. It has $1.63B in assets, an expense ratio of 0.25% and a 6.41% dividend yield. 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.