
Designed to replicate the financial outcomes of an underlying index, the iShares Convertible Bond ETF invests in U.S. dollar-denominated convertible instruments. Its portfolio is specifically concentrated on cash pay bonds with an outstanding issuance volume surpassing $250 million.
Is ICVT's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

BSX's ICVT sales have jumped 15% as coronary therapies gained traction, while new devices and deals could extend its growth momentum.

Investor appetite for fixed income continues to expand, as evidenced by the latest weekly ETF inflows report from TD Securities. For the week ending August 14, 2026, U.S.-listed ETFs gathered $41.0 billion in total weekly net inflows, which included $13.2 billion into fixed income funds.

Market gauges of inflation-adjusted borrowing costs have shot to their highest in more than a decade across major economies as AI companies and governments ramp up bond sales, raising risks for stock markets and the world economy.

Corporate America is tapping the convertible bond market at a record pace as companies linked to artificial intelligence drive a surge in demand for debt that often draws extra investor interest in hot markets because it can convert into equity.

The iShares Convertible Bond ETF offers a diversified portfolio of cash-pay convertible bonds, heavily weighted toward technology. ICVT exhibits stock-like returns and risk, outperforming SPY over the past year but lagging since inception; its yield and distribution variability limit appeal for income-focused investors. The ETF's low expense ratio and tactical allocation suitability make it attractive for rotation strategies, especially given recent convertible bond outperformance.