ANGL VanEck Fallen Angel High Yield Bond ETF

*Unless otherwise stated, data provided by FactSet.

ANGL Fund Description

ANGL 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 looks for value in the high-yield space by targeting fallen angels, bonds that are under duress or have been downgraded. The investment thesis is interesting. Credit downgrades can generate short-term downward pricing pressure. Future credit upgrade will compress the credit spread, which can lead to price appreciation. In combination, the strategy aims to buy low and sell high for maximum total returns. ANGL is limited to USD issues, but holds a sizable share of debt from non-US issuers. It also has a markedly high average maturity and duration, and thus carries significant interest-rate risk in addition to credit risk. Prior to February 28, 2020 the fund tracked the unconstrained index-- ICE BofAML US Fallen Angel High Yield Index.

PERFORMANCE [as of 09/23/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
ANGL -4.97% -1.99% -17.18% -17.08% 1.10% 2.46% 5.67%
ANGL (NAV) -4.39% -0.73% -16.48% -7.09% 5.29% 4.49% 7.22%
Bloomberg US Corporate High Yield Index -4.21% -0.52% -13.57% -13.30% -0.11% 1.91% 4.03%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

ANGL Summary Data

VanEck
04/10/12
Open-Ended Fund
0.35%
$3.01B
$49.20M
0.04%

ANGL Portfolio Data

5.64
--
6.45%
10/03/22
--

ANGL Index Data

ICE U.S. Fallen Angel High Yield 10% Constrained Index
Market Value
Credit Downgrade
Bloomberg US Corporate High Yield Index

ANGL Portfolio Management

0.35%
--
--
--

ANGL Tax Exposures

20.00% / 39.60%
0.08%
Ordinary income
No

ANGL Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

ANGL Factset Analytics Block Liquidity

As of 09/26/22
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 5 out of 5.

ANGL Tradability

1,798,513
$49.20M
1,662,944
$46.63M
0.04%
$0.01
0.00%
1.52% / -2.36%
None
100.00%
50,000
33.26
0.03%
--
1,463
$26.73
5

ANGL Sector/Industry Breakdown


ANGL
Segment Benchmark
24.45%
--
14.16%
--
13.39%
--
8.83%
--
7.27%
--
6.27%
--
3.95%
--
3.94%
--
3.87%
--
3.50%
--

ANGL Top 10 Holdings[View All]

2.40%
2.18%
1.87%
1.78%
1.74%
1.67%
1.54%
1.39%
1.34%
1.31%
17.22%

ANGL Top 5 Countries


ANGL
Segment Benchmark
82.80%
--
3.09%
--
3.00%
--
2.50%
--
2.03%
--

ANGL Top 5 Currencies


ANGL
Segment Benchmark
82.80%
--
3.09%
--
3.00%
--
2.50%
--
2.03%
--

ANGL Performance Statistics

0.93
1.04
--
--
--

ANGL Holdings Statistics

8.87 years
5.64
6.45%
5.76
--
--
3.56%

ANGL Avg Life Maturity Distribution

1.39%
8.11%
13.44%
16.95%
15.62%
13.88%
10.53%
7.23%
12.85%

ANGL OAS Breakdown

1.58%
15.50%
28.89%
28.71%
9.60%
5.26%
5.11%
2.63%
1.22%
0.22%
1.27%