• Ticker:- ANGL;true;H0FA;
  • Ticker Group:- ETFFI_CB;false;;
  • Making News

    BusinessWire: J.C. Penney: Fallen Angel or Just Fallen? Market Vectors’ Fran Rodilosso Weighs In


    3/5/14: According to Fran Rodilosso, J. C. Penney displays some of the qualities of a “fallen angel.” Rodilosso says, “While the basic business has struggled, the company has a real estate portfolio that could provide sufficient coverage of its senior secured liabilities and help to provide a potential floor on recovery value for its unsecured debt in a liquidation scenario.”

    View article » 



    Index Universe: Rodilosso: Credit Risk Better than T-Bills


    10/31/13: Drew Voros questions Fran Rodilosso on his fixed income outlook. Rodilosso explains why he presently prefers credit risk over interest rate risk, and says, “You're starting to see some decent numbers put up by a certain number of companies…Corporate balance sheets are still healthy.”

    View article » 



    ETF Trends: High-Yield ETFs with Some Built-In Rate Hedges


    06/19/13: ETF Trends promotes THHY as a hedge against rising interest rates, indicating that THHY provides “fixed income investors with exposure to high-yield debt, while attempting to limit duration risk.”

    View article » 



    ETF Trends: Floating Rate ETFs in Focus on Rising Rate Concerns


    03/26/13: Spotlighting FLTR, ETF Trends explores floating rate note ETFs as a vehicle for bond investors to protect themselves against the prospect of rising interest rates. "As a precaution, some fund managers worried about a sustained sell-off in the bond market have been replacing some of their pricey fixed-rate debt with floating-rate.”

    View article » 



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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 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
    • Index Total Return Ticker

      H0FA
    • Index Provider

      BofA Merrill Lynch
    • Total Net Assets

      $16.6M
    • Shares Outstanding

      600,000
    • Number of Holdings

      94
    • Commencement Date

      04/10/2012
  •  
    as of 04/17/14

  • Index Key Points

    The BofA Merrill Lynch US Fallen Angel High Yield Index (H0FA)
    is comprised of:
     

    Below investment grade corporate bonds denominated in U.S. dollars that were rated investment grade at the time of issuance.

    Index Weighting:
    Index constituents are capitalization-weighted, based on their current amount outstanding.

    Index Provider: BofA Merrill Lynch

     

  • Index Profile
     

    • Ticker

      H0FA
    • Inception Date

      12/31/2003
    • Rebalance Frequency

      Monthly
  • Index Fundamentals4
    as of 04/16/14

    • Yield to Worst

      4.76%
    • Yield to Maturity

      4.84%
    • Effective Duration (yrs)

      5.49
    • Modified Duration (yrs)

      5.52
    • Duration to Worst (yrs)

      5.50
    • Spread Duration (yrs)

      5.72
    • Years to Maturity

      9.13
    • Coupon

      6.56%
     4 See Important Disclosure for definitions.
  • Top 10 Constituents (%) as of 03/31/14

    Total Constituents: 315
    Constituent Name
    Coupon
    Maturity Weighting (%)
    Barclays Bank Plc
    7.625
    11/21/2022
    2.03
    Slm Corp
    8.450
    06/15/2018
    1.80
    Softbank Corp
    4.500
    04/15/2020
    1.51
    Sprint Capital Corp
    6.875
    11/15/2028
    1.48
    Springleaf Finance Corp
    6.900
    12/15/2017
    1.38
    Sprint Nextel Corp
    6.000
    12/01/2016
    1.34
    Sprint Capital Corp
    8.750
    03/15/2032
    1.32
    Slm Corp
    6.250
    01/25/2016
    1.30
    Arcelormittal
    10.350
    06/01/2019
    1.17
    Sprint Capital Corp
    6.900
    05/01/2019
    1.17
    Top 10 Total (%) 14.50
    These are not recommendations to buy or to sell any security. Securities and holdings may vary.
  • Index Country Weightings (%)
    as of 03/31/14

    • Country

      % of Net Assets
    • U.S.

      63.7
    • LUXEMBOURG

      7.9
    • UNITED KINGDOM

      6.9
    • ITALY

      5.1
    • FRANCE

      3.9
    • NORWAY

      2.8
    • JAPAN

      2.7
    • FINLAND

      1.9
    • GERMANY

      1.5
    • PORTUGAL

      1.3
    • NETHERLANDS

      0.7
    • SWITZERLAND

      0.7
    • SPAIN

      0.4
    • AUSTRALIA

      0.3
    • IRELAND

      0.2
    • CANADA

      0.2
    • Total

      100.2
  • Index Industry Weightings (%) as of 03/31/14

    • Sector/Industry

      Total (%)
    • Industrials

      64.07
    • Telecommunications

      15.81
    • Basic Industry

      15.08
    • Energy

      6.28
    • Services

      5.91
    • Consumer Cyclical

      5.46
    • Technology & Electronics

      4.21
    • Consumer Non-Cyclical

      2.86
    • Capital Goods

      2.68
    • Media

      2.53
    • Healthcare

      2.00
    • Real Estate

      0.65
    • Automotive

      0.60
    • Financial

      31.19
    • Banking

      18.49
    • Financial Services

      11.24
    • Insurance

      1.47
    • Utility

      4.74
    • Total

      100.00
  • Index Credit Quality (%)
    as of 03/31/14

    Composite % of Net Assets
    Investment Grade BBB 0.49
    Non-Investment Grade BB 74.30
    B 15.30
    CCC 6.22
    CC 1.31
    Total Investment Grade 0.49
    Total Non-Investment Grade 97.13
    Not Rated 2.38
    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 03/31/14

    Average Maturity: 9.14 Years