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Fallen Angel High Yield Bond ETF ANGL

  • Full Name: Market Vectors®
    Fallen Angel High Yield Bond ETF (ANGL)

    Management Style: Sampling

    Underlying Index: The BofA Merrill Lynch US Fallen Angel High Yield Index (H0FA)

    Index Provider: BofA Merrill Lynch

    Index Description: H0FA is comprised of below investment grade corporate bonds denominated in U.S. dollars, issued in the U.S. market and that were rated investment grade at the time of issuance.

  •  
      

    • Fund Ticker

      ANGL
    • Exchange

      NYSE Arca
    • Commencement

      04/10/2012
    • ETF Structure

      Physical
    • Administrator

      Van Eck Associates
    • Custodian

      Bank of New York Mellon
    • Index Ticker

      H0FA
    • Index Rebalancing

      Monthly
  •  
    as of 04/24/15

    • 30-Day SEC Yield1

      4.66%
    • Total Net Assets

      $26.3M
    • Number of Holdings

      158
    • Options

      Expected
    • Gross Expense Ratio2

      1.47%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      04/30/2015
  • Key Points

    • 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 8 of the last 11 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
       
  • Yields
    as of 04/24/15

    • 30-Day SEC Yield1

      4.66%
    • Distribution Yield1

      5.80%
    • 12-Month Yield1

      5.28%
     1 See Important Disclosure for definitions.
  • Fees & Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      1.07%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      1.47%
    • Fee Waivers and
      Expense Reimbursement

      -1.07%
    • Net Expense Ratio/TER2

      0.40%
    2Expenses for ANGL are capped contractually at 0.40% until 09/01/15. Cap excludes certain expenses, such as interest. TER, or Total Expense Ratio, is also referred to as "Net Expense Ratio". See Important Disclosure for more information.
  • Trading Information

    • Fund Ticker

      ANGL
    • Index Total Return Ticker

      H0FA
    • NAV

      ANGLNV
    • Intraday NAV (IIV)5

      ANGLIV
    • Shares Outstanding

      800,000
    • Estimated Cash

      ANGLEU
    • Total Cash

      ANGLTC
    • CUSIP

      57061R304
    • ISIN

      US57061R3049
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 04/23/15

    • Yield to Worst

      5.01%
    • Yield to Maturity

      5.09%
    • Effective Duration (yrs)

      5.75
    • Years to Maturity

      11.13
    • Coupon

      6.62%
     4 See Important Disclosure for definitions.
  • Prices as of 04/24/15

    NAV/
    Last Price
    Volume
    30-Day Avg./
    Last Trading Day
    Daily Change
    NAV/
    Last Price
    YTD Change
    NAV/
    Last Price
    Premium/
    Discount
    Prem/Discount
    Distribution Charts
    NAV &
    Prem/Discount
    History
    NAV
    Chart
    ANGL $27.73
    $27.71
    7,946
    5,756
    $0.03 / +0.12%
    $0.01 / +0.03%
    +6.6%
    +9.4%
    $-0.02
    -0.08%
  • View All Indices » View All ETFs » Performance History: Average Annual Total Returns* (%)

    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/10/12
    ANGL (NAV) -0.14 5.32 5.32 6.31 -- -- -- 9.81
    ANGL (Share Price) 0.56 7.67 7.67 6.26 -- -- -- 9.64
    H0FA (Index) -0.06 3.81 3.81 7.18 11.47 10.91 10.23 11.58
    Performance Differential (NAV - Index) -0.08 1.51 1.51 -0.87 -- -- -- -1.77
    After Tax Held -- -- -- 3.57 -- -- -- 7.12
    After Tax Sold -- -- -- 3.68 -- -- -- 6.39
    Quarter End as of 03/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/10/12
    ANGL (NAV) -0.14 5.32 5.32 6.31 -- -- -- 9.81
    ANGL (Share Price) 0.56 7.67 7.67 6.26 -- -- -- 9.64
    H0FA (Index) -0.06 3.81 3.81 7.18 11.47 10.91 10.23 11.58
    Performance Differential (NAV - Index) -0.08 1.51 1.51 -0.87 -- -- -- -1.77
    After Tax Held -- -- -- 3.57 -- -- -- 7.12
    After Tax Sold -- -- -- 3.68 -- -- -- 6.39
  • View All Holdings »Top 10 Holdings (%) as of 03/31/15

    Total Holdings: 149
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Embarq Corp
    7.995
    06/01/2036
    BB+
    U.S.
    USD
    2.37
    Slm Corp
    8.450
    06/15/2018
    BB-
    U.S.
    USD
    2.07
    Alcoa Inc
    6.150
    08/15/2020
    BB+
    U.S.
    USD
    1.77
    Royal Bank Of Scotland Group Plc
    7.640
    03/29/2049
    B+
    United Kingdom
    USD
    1.71
    Springleaf Finance Corp
    6.900
    12/15/2017
    CCC+
    U.S.
    USD
    1.69
    Sprint Capital Corp
    6.875
    11/15/2028
    B+
    U.S.
    USD
    1.63
    Arcelormittal
    5.500
    03/01/2021
    BB+
    Luxembourg
    USD
    1.61
    Arc Properties Operating Partnership Lp
    2.000
    02/06/2017
    BB+
    U.S.
    USD
    1.52
    Sprint Capital Corp
    8.750
    03/15/2032
    B+
    U.S.
    USD
    1.51
    Softbank Corp
    4.500
    04/15/2020
    BB+
    Japan
    USD
    1.49
    Top 10 Total (%)17.37

    †See Country of Risk disclosure. These are not recommendations to buy or to sell any security. Securities and holdings may vary. Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion. These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%) as of 03/31/15

    • Country

      % of Net Assets
    • U.S.

      66.1
    • LUXEMBOURG

      6.9
    • ITALY

      6.4
    • UNITED KINGDOM

      5.8
    • FRANCE

      4.4
    • JAPAN

      3.5
    • NORWAY

      1.9
    • FINLAND

      1.9
    • GERMANY

      1.2
    • NEW ZEALAND

      0.7
    • SWITZERLAND

      0.7
    • SPAIN

      0.3
    • Other

      0.3
  • Currency Exposure (%)
    as of 03/31/15

    • U.S. Dollar

      99.70
    • Other

      0.30
  • Sector Weightings (%) as of 03/31/15

    • Sector

      % of Net Assets
    • Financial

      27.6
    • Communications

      18.3
    • Basic Materials

      15.5
    • Consumer, Non-cyclical

      10.2
    • Energy

      7.2
    • Consumer, Cyclical

      7.1
    • Industrial

      6.7
    • Utilities

      4.0
    • Technology

      2.3
    • Diversified

      0.8
    • Other

      0.3
  • Credit Quality (%)
    as of 03/31/15

    Composite % of Net Assets
    Investment Grade BBB 1.11
    Non-Investment Grade BB 73.46
    B 17.31
    CCC 5.21
    CC 0.54
    Total Investment Grade 1.11
    Total Non-Investment Grade 96.52
    Not Rated 2.06
    Composite Rating: An evenly weighted blend of a security's Moody's, S&P, Fitch and DBRS ratings. Not Rated indicates that a security is rated by fewer than two of the four rating agencies. This composite is not intended to be a credit opinion.
  • Maturity (%) as of 03/31/15

    Average Portfolio Maturity: 11.05 Years