ANGL VanEck Fallen Angel High Yield Bond ETF
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.
ANGL Summary Data
ANGL Portfolio Data
ANGL Index Data
ANGL Portfolio Management
ANGL Tax Exposures
ANGL Fund Structure
ANGL Factset Analytics Block Liquidity
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
ANGL Sector/Industry Breakdown
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ANGL Top 10 Holdings[View All]
ANGL Top 5 Countries
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ANGL Top 5 Currencies
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ANGL Performance Statistics
ANGL Holdings Statistics
ANGL Avg Life Maturity Distribution
ANGL OAS Breakdown
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