ANGL

VanEck Vectors Fallen Angel High Yield Bond ETF
CLOSING PRICECHANGE (%)VOLUME
$29.79+0.01 (0.03%)193.22K
4:00:00 p.m. (ET) 07/21/2017
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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C

95
  • Overview
  • Efficiency
  • Tradability
  • Fit

ANGL Fund Description

The VanEck Vectors Fallen Angel High Yield Bond ETF tracks a market-value-weighted index of bonds that were rated investment grade at issuance but later downgraded to sub-investment grade.

ANGL FactSet Analytics Insight

ANGL hunts for "value" in the high-yield space by targeting "fallen angels"—bonds rated investment grade at issuance that have since been downgraded. Unfortunately, interest investor interest has been tepid thus far. ANGL's small optimized portfolio has a strong bias to BB-rated bonds, the highest credit rating for junk bonds. The investment thesis is interesting. Credit downgrade can generate short-term downward pricing pressure. Future credit upgrade will compress credit spread, which can lead to price appreciation. In combination, the strategy tries to buy low and sell high for maximum total returns. If you're convinced by the investment thesis, trade with great caution because the fund sees thin volumes and wide spreads. Low asset tally and disappointing volumes point to high closure risk.

ANGL MSCI ESG Fund metrics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of July 20, 2017 the VanEck Vectors Fallen Angel High Yield Bond ETF MSCI ESG Fund Quality Score is 3.96 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. ANGL ranks in the 82nd percentile within its peer group and in the 8th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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ANGL Top 10 Countries View All

ANGL Top 10 Sectors

ANGL Top 10 Holdings

ANGL Summary Data

04/10/12
Open-Ended Fund
0.35%
$873.29 M
$15.06 M
0.07%

ANGL Portfolio Data

6.2
11.29 Years
5.31%
08/01/17
239

ANGL Index Data

BofA Merrill Lynch US Fallen Angel High Yield Index
Market Value
Credit Downgrade
Barclays U.S. Corporate High Yield Index

Related ETFs to ANGL

PHB, FALN, WFHY, HYG, JNK
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

ANGL Portfolio Management

0.35%
-0.99%
-0.46%
-1.79%

ANGL Tax Exposures

20.00% / 39.60%
0.42%
Ordinary income
No

ANGL Fund Structure

Open-Ended Fund
No
Yes
100% / 0%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
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LAST 10 TRADES
TIMEPRICESHARES
15:59:5529.78100
15:59:3429.7959
15:57:4629.79100
15:18:5429.77300
14:15:5429.79100
12:59:3329.76100
12:59:3329.76100
12:58:4629.78200
12:34:4229.79100
12:34:4229.79100
Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

ANGL FactSet Analytics Block Liquidity

As of 07/21/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of ANGL. ANGL is rated a 2 out of 5.

ANGL Tradability

509,892
$15.06 M
302,742
$8.94 M
0.07%
$0.02
0.12%
0.63% / -2.82%
None
100.00%
50,000
6.05
0.03%
0%
5
$29.78
2

ANGL Performance Statistics

0.84
1.02
1.02
0.93
0.08%

ANGL MSCI ESG Fund Metrics

3.96 / 10
82.29
8.04
5.89%
1.36%
526.97