• Ticker:- ANGL;true;H0FA;
  • Ticker Group:- ETFFI_CB;false;;
  • Making News

    BusinessWire: J.C. Penney: Fallen Angel or Just Fallen? Market Vectors’ Fran Rodilosso Weighs In


    3/5/14: According to Fran Rodilosso, J. C. Penney displays some of the qualities of a “fallen angel.” Rodilosso says, “While the basic business has struggled, the company has a real estate portfolio that could provide sufficient coverage of its senior secured liabilities and help to provide a potential floor on recovery value for its unsecured debt in a liquidation scenario.”

    View article » 



    Index Universe: Rodilosso: Credit Risk Better than T-Bills


    10/31/13: Drew Voros questions Fran Rodilosso on his fixed income outlook. Rodilosso explains why he presently prefers credit risk over interest rate risk, and says, “You're starting to see some decent numbers put up by a certain number of companies…Corporate balance sheets are still healthy.”

    View article » 



    ETF Trends: High-Yield ETFs with Some Built-In Rate Hedges


    06/19/13: ETF Trends promotes THHY as a hedge against rising interest rates, indicating that THHY provides “fixed income investors with exposure to high-yield debt, while attempting to limit duration risk.”

    View article » 



    ETF Trends: Floating Rate ETFs in Focus on Rising Rate Concerns


    03/26/13: Spotlighting FLTR, ETF Trends explores floating rate note ETFs as a vehicle for bond investors to protect themselves against the prospect of rising interest rates. "As a precaution, some fund managers worried about a sustained sell-off in the bond market have been replacing some of their pricey fixed-rate debt with floating-rate.”

    View article » 



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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 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
    • Index Total Return Ticker

      H0FA
    • Index Provider

      BofA Merrill Lynch
    • Total Net Assets

      $16.6M
    • Shares Outstanding

      600,000
    • Number of Holdings

      94
    • Commencement Date

      04/10/2012
  •  
    as of 04/17/14

  • Country Weightings (%)
    as of 03/31/14

    • Country

      % of Net Assets
    • U.S.

      60.4
    • LUXEMBOURG

      8.5
    • UNITED KINGDOM

      7.6
    • ITALY

      4.6
    • FRANCE

      4.5
    • NORWAY

      3.3
    • JAPAN

      3.0
    • GERMANY

      2.0
    • FINLAND

      2.0
    • PORTUGAL

      1.7
    • NEW ZEALAND

      0.7
    • SWITZERLAND

      0.7
    • IRELAND

      0.6
    • Other

      0.6
    • Total

      100.2
  • Portfolio Composition (%)
    as of 03/31/14

    • % of Net Assets

    • Stocks

      0.00
    • Bonds

      99.42
    • Other

      0.00
    • Cash

      0.58
    • Total

      100.00
  • Currency Exposure (%)
    as of 03/31/14

    • U.S. Dollar

      99.42
    • Other

      0.58
    • Total

      100.00
  • Credit Quality (%)
    as of 03/31/14

    Composite % of Net Assets
    Investment Grade BBB 0.88
    Non-Investment Grade BB 73.19
    B 16.35
    CCC 6.00
    CC 1.23
    Total Investment Grade 0.88
    Total Non-Investment Grade 96.77
    Not rated 2.36
    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.
  • 3-YR Risk Measures*
    as of 03/31/14

    • Beta vs. S&P 500 Index

    • Correlation vs. S&P 500 Index

    • Volatility (Standard Deviation)

    • Sharpe Ratio

    Source: Van Eck Global, FactSet

    *Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

  • Sector Weightings (%)
    as of 03/31/14

    • Sector

      % of Net Assets
    • Financial

      31.7
    • Communications

      18.9
    • Basic Materials

      11.6
    • Industrial

      8.4
    • Consumer, Non-cyclical

      7.8
    • Energy

      7.5
    • Consumer, Cyclical

      6.6
    • Utilities

      4.9
    • Technology

      2.0
    • Other

      0.6
    • Total

      100.0