We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) a Strong ETF Right Now?
Read MoreHide Full Article
The Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN - Free Report) was launched on 11/15/2007, and is a smart beta exchange traded fund designed to offer broad exposure to the High-Yield/Junk Bond ETFs category of the market.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.
Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.
There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
Fund Sponsor & Index
IFLN is managed by Invesco, and this fund has amassed over $287.51 million, which makes it one of the average sized ETFs in the High-Yield/Junk Bond ETFs. This particular fund, before fees and expenses, seeks to match the performance of the BLOOMBERG US HGH YLD ENHCD FLN ANGL ID .
The Bloomberg US High Yield Enhanced Fallen Angels Index comprises of U.S. dollar-denominated high yield corporate bonds.
Cost & Other Expenses
For ETF investors, expense ratios are an important factor when considering a fund's return; in the long-term, cheaper funds actually have the ability to outperform their more expensive cousins if all other things remain the same.
Operating expenses on an annual basis are 0.23% for IFLN, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 5.53%.
Sector Exposure and Top Holdings
Most ETFs are very transparent products, and disclose their holdings on a daily basis. ETFs also offer diversified exposure, which minimizes single stock risk, though it's still important for investors to research a fund's holdings.
When you look at individual holdings, Gfl Environmental Inc-6.75%-01-15-2031 (GFLCN) accounts for about 4.79% of the fund's total assets, followed by Pacificorp-7.38%-09-15-2055 (BRKHEC) and Vodafone Group Plc-7.00%-04-04-2079 (VOD).
IFLN's top 10 holdings account for about 30.36% of its total assets under management.
Performance and Risk
The ETF has lost about -0.24% so far this year and is up about 0% in the last one year (as of 04/16/2026). In the past 52-week period, it has traded between $17.78 and $18.58
The fund has a beta of 0.39 and standard deviation of 0.00% for the trailing three-year period. With about 94 holdings, it effectively diversifies company-specific risk .
Alternatives
Invesco Bloomberg Enhanced Fallen Angels ETF is a reasonable option for investors seeking to outperform the High-Yield/Junk Bond ETFs segment of the market. However, there are other ETFs in the space which investors could consider.
iShares iBoxx $ High Yield Corporate Bond ETF (HYG) tracks Markit iBoxx USD Liquid High Yield Index and the iShares Broad USD High Yield Corporate Bond ETF (USHY) tracks BofA Merrill Lynch U.S. High Yield Constrained Index. iShares iBoxx $ High Yield Corporate Bond ETF has $16.95 billion in assets, iShares Broad USD High Yield Corporate Bond ETF has $24.89 billion. HYG has an expense ratio of 0.49% and USHY changes 0.08%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the High-Yield/Junk Bond ETFs
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Is Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN) a Strong ETF Right Now?
The Invesco Bloomberg Enhanced Fallen Angels ETF (IFLN - Free Report) was launched on 11/15/2007, and is a smart beta exchange traded fund designed to offer broad exposure to the High-Yield/Junk Bond ETFs category of the market.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.
Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.
There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies.
Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
Fund Sponsor & Index
IFLN is managed by Invesco, and this fund has amassed over $287.51 million, which makes it one of the average sized ETFs in the High-Yield/Junk Bond ETFs. This particular fund, before fees and expenses, seeks to match the performance of the BLOOMBERG US HGH YLD ENHCD FLN ANGL ID .
The Bloomberg US High Yield Enhanced Fallen Angels Index comprises of U.S. dollar-denominated high yield corporate bonds.
Cost & Other Expenses
For ETF investors, expense ratios are an important factor when considering a fund's return; in the long-term, cheaper funds actually have the ability to outperform their more expensive cousins if all other things remain the same.
Operating expenses on an annual basis are 0.23% for IFLN, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 5.53%.
Sector Exposure and Top Holdings
Most ETFs are very transparent products, and disclose their holdings on a daily basis. ETFs also offer diversified exposure, which minimizes single stock risk, though it's still important for investors to research a fund's holdings.
When you look at individual holdings, Gfl Environmental Inc-6.75%-01-15-2031 (GFLCN) accounts for about 4.79% of the fund's total assets, followed by Pacificorp-7.38%-09-15-2055 (BRKHEC) and Vodafone Group Plc-7.00%-04-04-2079 (VOD).
IFLN's top 10 holdings account for about 30.36% of its total assets under management.
Performance and Risk
The ETF has lost about -0.24% so far this year and is up about 0% in the last one year (as of 04/16/2026). In the past 52-week period, it has traded between $17.78 and $18.58
The fund has a beta of 0.39 and standard deviation of 0.00% for the trailing three-year period. With about 94 holdings, it effectively diversifies company-specific risk .
Alternatives
Invesco Bloomberg Enhanced Fallen Angels ETF is a reasonable option for investors seeking to outperform the High-Yield/Junk Bond ETFs segment of the market. However, there are other ETFs in the space which investors could consider.
iShares iBoxx $ High Yield Corporate Bond ETF (HYG) tracks Markit iBoxx USD Liquid High Yield Index and the iShares Broad USD High Yield Corporate Bond ETF (USHY) tracks BofA Merrill Lynch U.S. High Yield Constrained Index. iShares iBoxx $ High Yield Corporate Bond ETF has $16.95 billion in assets, iShares Broad USD High Yield Corporate Bond ETF has $24.89 billion. HYG has an expense ratio of 0.49% and USHY changes 0.08%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the High-Yield/Junk Bond ETFs
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.