ANGL

VanEck Vectors Fallen Angel High Yield Bond ETF
LAST TRADECHANGE (%)VOLUME
$29.63-0.05 (-0.17%)1.05M
9:36:47 a.m. (ET) 04/26/2017
BID SIZEBID ($)ASK ($)ASK SIZE
10029.6329.67200

Overall Rating

C

51
as of 04/25/17

Rating Details

81
72
51
Segment Average
  • 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 thea strong bias to BB-rated bonds 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.

  • 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%
$773.52 M
$13.9 M
0.09%

ANGL Portfolio Data

6.1
11.70 Years
5.51%
05/01/17
240

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%
-0.77%
-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
ASKS30029.75
20029.74
20029.73
20029.72
20029.67
BIDS10029.63
10029.56
40029.55
20029.54
20029.53
LAST 10 TRADES
TIMEPRICESHARES
09:36:4729.63100
09:36:4729.63100
09:36:1129.631,000
09:36:1129.63200
09:27:0529.68500
09:27:0529.681,200
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Bats BZX Real-time Quote - 09:41:15
Average Spread
Premium/Discount
Volume

ANGL FactSet Analytics Block Liquidity

As of 04/25/17
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

474,472
$13.9 M
255,243
$7.42 M
0.09%
$0.03
0.18%
1.03% / -2.82%
None
100.00%
50,000
5.10
0.03%
0%
5
$29.65
2

ANGL Performance Statistics

0.85
1.01
1.10
0.81
0.09%