Individual Investors

Subscribe to email updates

Subscribe now

Financial Professionals

Subscribe to email updates, or password protected financial professional-only content
email address/username
password

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 12/19/14

    • 30-Day SEC Yield1

      4.81%
    • Total Net Assets

      $21.6M
    • Number of Holdings

      146
    • Options

      Expected
    • Gross Expense Ratio2

      1.47%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      12/26/2014
  • Key Points

    • High Yield that was Once Investment Grade
      Fallen Angels are high-yield corporate bonds that were originally issued with investment grade ratings

    • Structural Attributes of Investment Grade Issuers
      Fallen Angel issuers tend to have better debt profiles and greater financing flexibility than original issue high-yield issuers7 

    • Potential Outperformance over Traditional High Yield
      Historically, Fallen Angel high-yield corporate bonds have outperformed other high-yield corporate bonds with similar risks8
        
  • Yields
    as of 12/19/14

    • 30-Day SEC Yield1

      4.81%
    • Distribution Yield1

      4.66%
    • 12-Month Yield1

      5.53%
     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 12/18/14

    • Yield to Worst

      5.28%
    • Yield to Maturity

      5.36%
    • Effective Duration (yrs)

      5.31
    • Years to Maturity

      11.13
    • Coupon

      6.62%
     4 See Important Disclosure for definitions.
  • Prices as of 12/19/14

    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 $27.04
    $26.70
    9,300
    14,250
    $0.05 / +0.20%
    $0.15 / +0.58%
    +3.6%
    +1.8%
    $-0.34
    -1.27%
  • 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) -0.25 -0.81 8.09 7.87 -- -- -- 10.04
    ANGL (Share Price) -0.30 -2.05 6.85 7.48 -- -- -- 9.79
    H0FA (Index) -0.14 -0.45 8.21 8.90 13.61 12.63 9.99 11.98
    Performance Differential (NAV - Index) -0.11 -0.36 -0.12 -1.03 -- -- -- -1.94
    After Tax Held -- -- -- 5.26 -- -- -- 7.43
    After Tax Sold -- -- -- 4.47 -- -- -- 6.58
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/10/12
    ANGL (NAV) -1.86 -1.27 6.94 10.09 -- -- -- 10.28
    ANGL (Share Price) -1.70 -0.34 7.23 10.92 -- -- -- 10.65
    H0FA (Index) -1.61 -0.96 6.95 11.06 13.69 13.02 10.21 12.30
    Performance Differential (NAV - Index) -0.25 -0.31 -0.01 -0.97 -- -- -- -2.02
    After Tax Held -- -- -- 7.41 -- -- -- 7.66
    After Tax Sold -- -- -- 5.72 -- -- -- 6.76
  • View All Holdings »Top 10 Holdings (%)as of 11/30/14

    Total Holdings: 146
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Sprint Capital Corp
    6.875
    11/15/2028
    B+
    U.S.
    USD
    2.14
    Alcoa Inc
    6.150
    08/15/2020
    BB+
    U.S.
    USD
    2.09
    Embarq Corp
    7.995
    06/01/2036
    BB+
    U.S.
    USD
    1.96
    Arcelormittal
    6.000
    03/01/2021
    BB+
    Luxembourg
    USD
    1.94
    Slm Corp
    8.450
    06/15/2018
    BB-
    U.S.
    USD
    1.86
    Telecom Italia Capital Sa
    6.999
    06/04/2018
    BB+
    Italy
    USD
    1.84
    Softbank Corp
    4.500
    04/15/2020
    BB+
    Japan
    USD
    1.83
    Sprint Capital Corp
    8.750
    03/15/2032
    B+
    U.S.
    USD
    1.71
    Slm Corp
    8.000
    03/25/2020
    BB-
    U.S.
    USD
    1.56
    Springleaf Finance Corp
    6.900
    12/15/2017
    CCC+
    U.S.
    USD
    1.53
    Top 10 Total (%)18.46

    †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 11/30/14

    • Country

      % of Net Assets
    • U.S.

      63.7
    • LUXEMBOURG

      7.6
    • ITALY

      6.1
    • UNITED KINGDOM

      5.9
    • FRANCE

      4.9
    • JAPAN

      4.1
    • FINLAND

      2.0
    • NORWAY

      1.9
    • GERMANY

      1.4
    • PORTUGAL

      1.3
    • SWITZERLAND

      0.6
    • NEW ZEALAND

      0.5
    • SPAIN

      0.2
    • Other

      -0.2
  • Currency Exposure (%)
    as of 11/30/14

    • U.S. Dollar

      100.19
    • Other

      -0.19
    • Total

      100.00
  • Sector Weightings (%) as of 11/30/14

    • Sector

      % of Net Assets
    • Financial

      30.5
    • Communications

      20.1
    • Basic Materials

      16.3
    • Consumer, Non-cyclical

      8.6
    • Consumer, Cyclical

      6.4
    • Industrial

      6.3
    • Utilities

      5.9
    • Energy

      4.6
    • Technology

      1.6
    • Other

      -0.2
  • Credit Quality (%)
    as of 11/30/14

    Composite % of Net Assets
    Investment Grade BBB 2.00
    Non-Investment Grade BB 74.51
    B 15.95
    CCC 5.44
    CC 0.19
    Total Investment Grade 2.00
    Total Non-Investment Grade 96.09
    Not rated 1.91
    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 11/30/14

    Average Portfolio Maturity: 10.20 Years