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ANGL Market Vectors Fallen Angel High Yield Bond ETF

  • Fund Description

    The Market Vectors® Fallen Angel High Yield Bond ETF (ANGL®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the BofA Merrill Lynch US Fallen Angel High Yield Index (H0FA), which is comprised of below investment grade corporate bonds denominated in U.S. dollars, issued in the U.S. domestic 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 02/05/16

    • 30-Day SEC Yield1

      7.95%
    • Total Net Assets

      $84.2M
    • Number of Holdings

      220
    • Options

      Expected
    • Gross Expense Ratio2

      0.90%
    • Net Expense Ratio/TER2

      0.40%
    • Distribution Frequency

      Monthly
    • Next Distribution Date

      02/29/2016
  • Morningstar™ Ratings3
    as of 12/31/15

    Category Overall 3 Year 5 Year
    High Yield Bond
        
    4 of 636 Funds
        
    4 of 636 Funds
    --
  • 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 9 of the last 12 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
  • Yield
    as of 02/05/16

    • 30-Day SEC Yield1

      7.95%
    • Distribution Yield1

      4.66%
    • 12-Month Yield1

      5.57%
     1 See Important Disclosure for definitions.
  • Fees and Expenses2

    • Management Fee

      0.40%
    • Other Expenses

      0.50%
    • Acquired Fund Fees and Expenses

      --
    • Gross Expense Ratio

      0.90%
    • Fee Waivers and
      Expense Reimbursement

      -0.50%
    • Net Expense Ratio/TER2

      0.40%
    2Expenses for ANGL are capped contractually at 0.40% until at least September 1, 2016. Cap excludes certain expenses, such as interest.
  • Trading Information

    • Fund Ticker

      ANGL
    • Index Total Return Ticker

      H0FA
    • NAV

      ANGLNV
    • Intraday NAV (IIV)5

      ANGLIV
    • Shares Outstanding

      3,550,000
    • Estimated Cash

      ANGLEU
    • Total Cash

      ANGLTC
    • CUSIP

      57061R304
    • ISIN

      US57061R3049
    5See IIV Details. Source: Bloomberg
  • Fundamentals4
    as of 02/05/16

    • Yield to Worst

      8.57%
    • Yield to Maturity

      8.62%
    • Effective Duration (yrs)

      5.34
    • Years to Maturity

      9.34
    • Coupon

      6.24%
     4 See Important Disclosure for definitions.
  • Prices as of 02/05/16

    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 $23.71
    $23.62
    106,928
    38,600
    $0.03 / +0.53%
    $-0.04 / +0.22%
    -1.5%
    -1.8%
    $-0.09
    -0.37%
  • 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) -3.73 -3.70 -3.20 -3.20 2.97 -- -- 5.34
    ANGL (Share Price) -3.78 -3.83 -0.70 -0.70 2.87 -- -- 5.31
    H0FA (Index) -2.87 -2.91 -3.24 -3.24 4.22 7.33 9.03 7.09
    Performance Differential (NAV - Index) -0.86 -0.79 0.04 0.04 -1.25 -- -- -1.75
    After Tax Held -3.91 -4.23 -5.57 -5.57 0.38 -- -- 2.83
    After Tax Sold -2.11 -2.08 -1.56 -1.56 1.18 -- -- 3.08
    Quarter End as of 12/31/15
    1 MO* 3 MO* YTD* 1 YR 3 YR 5 YR 10 YR LIFE
    04/10/12
    ANGL (NAV) -3.73 -3.70 -3.20 -3.20 2.97 -- -- 5.34
    ANGL (Share Price) -3.78 -3.83 -0.70 -0.70 2.87 -- -- 5.31
    H0FA (Index) -2.87 -2.91 -3.24 -3.24 4.22 7.33 9.03 7.09
    Performance Differential (NAV - Index) -0.86 -0.79 0.04 0.04 -1.25 -- -- -1.75
    After Tax Held -3.91 -4.23 -5.57 -5.57 0.38 -- -- 2.83
    After Tax Sold -2.11 -2.08 -1.56 -1.56 1.18 -- -- 3.08
  • Daily Holdings »Top 10 Holdings (%) as of 01/31/16

    Total Holdings: 220
    Holding Name
    Coupon
    Maturity
    Composite
    Rating
    Country
    Currency
    % of Net
    Assets
    Navient Corp
    8.450
    06/15/2018
    BB-
    U.S.
    USD
    2.31
    Softbank Corp
    4.500
    04/15/2020
    BB+
    Japan
    USD
    1.76
    Arcelormittal
    5.500
    03/01/2021
    BB
    Luxembourg
    USD
    1.55
    Firstenergy Corp
    7.375
    11/15/2031
    BB+
    U.S.
    USD
    1.43
    Royal Bank Of Scotland Group Plc
    7.648
    08/29/2049
    BB
    United Kingdom
    USD
    1.41
    Sprint Capital Corp
    6.875
    11/15/2028
    B
    Japan
    USD
    1.36
    Springleaf Finance Corp
    6.900
    12/15/2017
    B-
    U.S.
    USD
    1.36
    Intesa Sanpaolo Spa
    5.017
    06/26/2024
    BBB-
    Italy
    USD
    1.34
    Goldman Sachs Capital I
    6.345
    02/15/2034
    BBB-
    U.S.
    USD
    1.24
    Arcelormittal
    6.125
    06/01/2018
    BB
    Luxembourg
    USD
    1.23
    Top 10 Total (%)14.99

    These are not recommendations to buy or to sell any security. Securities and holdings may vary.

  • Country Weightings (%) as of 01/31/16

    • Country

      % of Net Assets
    • UNITED STATES

      61.34
    • ITALY

      7.04
    • UNITED KINGDOM

      6.41
    • LUXEMBOURG

      6.39
    • JAPAN

      5.09
    • FRANCE

      3.88
    • CANADA

      2.69
    • FINLAND

      1.68
    • GERMANY

      0.96
    • NORWAY

      0.73
    • SPAIN

      0.51
    • NEW ZEALAND

      0.49
    • IRELAND

      0.24
    • SWITZERLAND

      0.11
    • Other/Cash

      2.44
  • Currency Exposure (%)
    as of 01/31/16

    • U.S. Dollar

      97.56
    • Other/Cash

      2.44
  • Sector Weightings (%) as of 01/31/16

    • Sector

      % of Net Assets
    • Financial

      23.1
    • Basic Materials

      16.3
    • Communications

      16.3
    • Energy

      13.7
    • Consumer, Cyclical

      8.5
    • Consumer, Non-cyclical

      8.1
    • Industrial

      5.4
    • Utilities

      3.5
    • Technology

      2.1
    • Diversified

      0.6
    • Other/Cash

      2.4
  • Credit Quality (%)
    as of 01/31/16

    Composite % of Net Assets
    Investment Grade BBB 3.02
    Non-Investment Grade BB 75.65
    B 11.32
    CCC 3.76
    CC 0.17
    Total Investment Grade -- 3.02
    Total Non-Investment Grade -- 90.90
    Not Rated -- 3.63
    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 01/31/16

    Average Portfolio Maturity: 9.34 Years