• Ticker:- ANGL;true;H0FA;
  • Ticker Group:- ETFFI_CB;false;;
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Fallen Angel High Yield Bond ETF ANGL

  • Full Name: Market Vectors®
    Fallen Angel High Yield Bond ETF (ANGL)

    Management Style: Sampling

    Underlying Index: The BofA Merrill Lynch US Fallen Angel High Yield Index (H0FA)

    Index Provider: BofA Merrill Lynch

    Index Description: H0FA is comprised of below investment grade corporate bonds denominated in U.S. dollars, issued in the U.S. market and that were rated investment grade at the time of issuance.

  •  
      

    • Fund Ticker

      ANGL
    • Exchange

      NYSE Arca
    • Commencement

      04/10/2012
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      H0FA
    • Index Rebalancing

      Monthly
  •  
    as of 07/23/14

    • 30-Day SEC Yield1

      4.15%
    • Total Net Assets

      $16.8M
    • Number of Holdings

      106
    • Options

      Expected
    • Gross Expense Ratio2

      1.48%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      07/31/2014
  • Index Key Points

    The BofA Merrill Lynch US Fallen Angel High Yield Index (H0FA)
    is comprised of:
     

    Below investment grade corporate bonds denominated in U.S. dollars that were rated investment grade at the time of issuance.

    Index Weighting:
    Index constituents are capitalization-weighted, based on their current amount outstanding.

    Index Provider: BofA Merrill Lynch

     

  • Index Profile
     

    • Ticker

      H0FA
    • Inception Date

      12/31/2003
    • Rebalance Frequency

      Monthly
  • Index Fundamentals4
    as of 07/22/14

    • Yield to Worst

      4.62%
    • Yield to Maturity

      4.72%
    • Effective Duration (yrs)

      5.60
    • Modified Duration (yrs)

      5.63
    • Duration to Worst (yrs)

      5.59
    • Spread Duration (yrs)

      5.77
    • Years to Maturity

      9.19
    • Coupon

      6.58%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%)as of 06/30/14

    Total Constituents: 316
    Constituent Name
    Coupon
    Maturity Weighting (%)
    Barclays Bank Plc
    7.625
    11/21/2022
    1.98
    Slm Corp
    8.450
    06/15/2018
    1.70
    Softbank Corp
    4.500
    04/15/2020
    1.46
    Sprint Capital Corp
    6.875
    11/15/2028
    1.45
    Sprint Capital Corp
    8.750
    03/15/2032
    1.35
    Springleaf Finance Corp
    6.900
    12/15/2017
    1.32
    Sprint Nextel Corp
    6.000
    12/01/2016
    1.26
    Slm Corp
    6.250
    01/25/2016
    1.25
    Arcelormittal
    10.350
    06/01/2019
    1.11
    Sprint Capital Corp
    6.900
    05/01/2019
    1.11
    Top 10 Total (%)13.99
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 06/30/14

    • Country

      % of Net Assets
    • U.S.

      65.3
    • LUXEMBOURG

      7.7
    • UNITED KINGDOM

      6.6
    • ITALY

      5.1
    • FRANCE

      3.8
    • NORWAY

      2.7
    • JAPAN

      2.6
    • FINLAND

      1.8
    • GERMANY

      1.5
    • PORTUGAL

      1.3
    • NETHERLANDS

      0.7
    • SPAIN

      0.4
    • IRELAND

      0.2
    • AUSTRALIA

      0.2
    • CANADA

      0.1
  • Index Industry Weightings (%) as of 06/30/14

    • Sector/Industry

      Total (%)
    • Industrials

      65.60
    • Basic Industry

      18.87
    • Telecommunications

      15.60
    • Energy

      6.27
    • Consumer Cyclical

      5.25
    • Services

      4.67
    • Technology & Electronics

      4.18
    • Consumer Non-Cyclical

      2.82
    • Capital Goods

      2.64
    • Media

      2.18
    • Healthcare

      1.98
    • Automotive

      0.59
    • Real Estate

      0.56
    • Financial

      28.71
    • Banking

      17.09
    • Financial Services

      10.21
    • Insurance

      1.41
    • Utility

      5.69
    • Total

      100.00
  • Index Credit Quality (%)
    as of 06/30/14

    Composite % of Net Assets
    Investment Grade BBB 0.62
    Non-Investment Grade BB 75.72
    B 14.51
    CCC 6.04
    CC 0.78
    C 0.16
    Total Investment Grade 0.62
    Total Non-Investment Grade 97.21
    Not Rated 2.18
    Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.
  • Maturity (%) as of 06/30/14

    Average Maturity: 9.24 Years