ANGL
VanEck Fallen Angel High Yield Bond ETF
ANGL
VanEck Fallen Angel High Yield Bond ETF
-
NAV
$27.40
as of June 08, 2023 -
YTD RETURNS
3.70%
as of June 08, 2023 -
Total Net Assets
$2.50B
as of June 08, 2023 -
Total Expense Ratio
0.35% -
Inception Date
04/10/2012 -
30-Day SEC Yield
7.13%
Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least September 1, 2023. “Other Expenses” have been restated to reflect current fees.
Fund Description
The VanEck Fallen Angel High Yield Bond ETF (ANGL®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE US Fallen Angel High Yield 10% Constrained Index (H0CF), which is comprised of below investment grade corporate bonds denominated in U.S. dollars, issued in the U.S. domestic market and that were rated investment grade at the time of issuance.
Overview
Fund Highlights
- Higher Quality High Yield
Fallen angels, high yield bonds originally issued as investment grade corporate bonds, have had historically higher average credit quality than the broad high yield bond universe7
- Outperformed Broad High Yield Bond Market
Fallen angels have outperformed the broad high yield bond market in 14 of the last 19 calendar years8
- Higher Risk-Adjusted Returns than Broad High Yield Bond Market
Fallen angels have historically offered a better risk/reward trade off than found with the broad high yield bond market9
Forbes: How to Make Money on Sickly Bonds