iShares Fallen Angels USD Bond ETF
iShares Fallen Angels Bond ETF (NASDAQ: FALN) is an exchange-traded fund listed on NASDAQ, trading at $25.87 (about ₹2,505 a unit) as of 7 Oct 2026, 4:00 PM ET. It has an expense ratio of 0.25% and holds 156 securities. Indian residents can buy FALN through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$25.78
Today's high
$25.88
52 week low
$25.61
52 week high
$27.77
FALN opened at $25.82, closed previously at $25.90, and has traded between $25.61 and $27.77 over the past 52 weeks.
About
The iShares Fallen Angels USD Bond ETF is designed to replicate the investment returns of an underlying benchmark. This benchmark is made up of corporate bonds denominated in U.S. dollars, which now offer high yields but were once considered investment-grade securities.
Key statistics
Expense ratio
0.25%
Assets (AUM)
$1.6B
Holdings
156
NAV
$25.88
Avg. volume
—
1-year price change
-6.40%
5-year price change
-13.07%
Price change excludes dividends.
Top 10 holdings
FALN holds 156 securities in total. These 10 are 18.6% of the fund.
Where the money is invested
Countries
How to buy FALN from India
Indian residents can buy FALN units through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers. Read the full guide: how to invest in FALN from India
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search FALN and buy
Find the fund by its ticker, FALN, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Track holdings and download tax reports
Follow your FALN position in USD and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Trading and taxes when buying FALN from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
FAQs
What is the FALN price today?
iShares Fallen Angels Bond ETF (FALN) last traded at $25.87 on NASDAQ, as of 7 Oct 2026, 4:00 PM ET. That is ₹2,505 a unit at the 7 Oct 2026 USD/INR rate.
When does FALN trade, in Indian time?
NASDAQ trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is FALN, and what does it cost to hold?
iShares Fallen Angels Bond ETF manages about $1.6B. Its expense ratio is 0.25% a year, deducted inside the fund. It launched in 2016.
What are FALN's largest holdings?
The top three are BLK CSH FND TREASURY SL AGENCY (3.1%), VODAFONE GROUP PLC 7.00% 04/04/2079 (3.0%) and GFL ENVIRONMENTAL INC 144A 6.75% 01/15/2031 (2.0%). FALN's 10 largest positions make up 18.6% of the fund.
Does FALN pay dividends?
Yes. FALN is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on FALN taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of FALN?
Yes. You can buy FALN by amount rather than by whole unit, and there is no minimum trade size.
How has FALN performed?
FALN's price is down 6.4% over the past year and down 13.1% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.