ANGL
VanEck Fallen Angel High Yield Bond ETF
ANGL
VanEck Fallen Angel High Yield Bond ETF
ANGL
VanEck Fallen Angel High Yield Bond ETF
ANGL
VanEck Fallen Angel High Yield Bond ETF
-
NAV$29.58
as of January 16, 2026 -
YTD RETURNS0.63%
as of January 16, 2026 -
Total Net Assets$3.13B
as of January 16, 2026 -
Total Expense Ratio0.25%
-
Inception Date04/10/2012
-
30-Day SEC Yield6.04%
About ANGL
The VanEck 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 ICE US Fallen Angel High Yield 10% Constrained Index (H0CF), 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.
Overview
Why ANGL
- 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 universe†
- Outperformed Broad High Yield Bond Market: Fallen angels have outperformed the broad high yield bond market in 14 of the last 21 calendar years§
- 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 marketā
Yields as of 01/16/2026
Distribution Frequency
Monthly
30-Day SEC Yield
6.04%
Distribution Yield
6.49%
12 Month Yield
6.16%
Yield information reflects temporary waivers of expenses and/or fees. Yields would have been reduced had these fees/expenses been included. In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Fallen Angel High Yield Bond ETF would have been 6.04% on 01/16/26. Distributions may vary from time to time.
Performance
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) | 1.00 | 1.12 | 9.11 | 9.11 | 9.24 | 3.77 | 7.61 | 6.99 |
| ANGL (Share Price) | 0.82 | 0.85 | 9.06 | 9.06 | 9.17 | 3.66 | 7.61 | 6.98 |
| H0CF (Index) | 0.50 | 1.11 | 9.03 | 9.03 | 9.30 | 3.88 | 7.93 | 7.70 |
| Performance Differential (NAV - Index) | 0.50 | 0.01 | 0.08 | 0.08 | -0.06 | -0.11 | -0.32 | -0.71 |
| 1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 04/10/12 |
|
|---|---|---|---|---|---|---|---|---|
| ANGL (NAV) | 1.00 | 1.12 | 9.11 | 9.11 | 9.24 | 3.77 | 7.61 | 6.99 |
| ANGL (Share Price) | 0.82 | 0.85 | 9.06 | 9.06 | 9.17 | 3.66 | 7.61 | 6.98 |
| H0CF (Index) | 0.50 | 1.11 | 9.03 | 9.03 | 9.30 | 3.88 | 7.93 | 7.70 |
| Performance Differential (NAV - Index) | 0.50 | 0.01 | 0.08 | 0.08 | -0.06 | -0.11 | -0.32 | -0.71 |
$-0.00
/
-0.01%
$0.01
/
+0.03%
Fees
Holdings
Book a 15-minute call to learn more about the holdings.
All Holdings (%) as of 01/16/2026
Download XLSTotal Holdings: 114
| Holding Name |
% of Net Assets |
Maturity
|
Identifier (FIGI)
|
Coupon | Asset Class | Market Value |
Par Value/ Contracts
|
Country | Currency | Notional Value |
|---|---|---|---|---|---|---|---|---|---|---|
| Vodafone Group Plc | 3.92 |
04/04/2079 |
BBG00NR6TKJ0 |
7.000 | Bond | 122449261.84 |
113,541,000 |
United Kingdom | USD | -- |
| Nissan Motor Co Ltd | 3.44 |
09/17/2027 |
BBG00X7YS2P3 |
4.345 | Bond | 107406597.66 |
106,903,000 |
Japan | USD | -- |
| Nissan Motor Co Ltd | 3.30 |
09/17/2030 |
BBG00X7YT6N5 |
4.810 | Bond | 103152467.60 |
106,925,000 |
Japan | USD | -- |
| Entegris Inc | 2.95 |
04/15/2029 |
BBG016KD65M2 |
4.750 | Bond | 92261499.51 |
90,844,000 |
United States | USD | -- |
| Dresdner Funding Trust I | 2.01 |
06/30/2031 |
BBG0000259Q1 |
8.151 | Bond | 62940068.32 |
56,729,000 |
Germany | USD | -- |
| Celanese Us Holdings Llc | 1.96 |
11/15/2033 |
BBG01HVFYF48 |
6.950 | Bond | 61355327.78 |
56,753,000 |
United States | USD | -- |
| Celanese Us Holdings Llc | 1.95 |
11/15/2030 |
BBG01HVFYDX1 |
6.800 | Bond | 61114430.63 |
56,736,000 |
United States | USD | -- |
| Celanese Us Holdings Llc | 1.91 |
07/15/2032 |
BBG018PJG3C5 |
6.629 | Bond | 59832291.03 |
56,750,000 |
United States | USD | -- |
| Resorts World Las Vegas Llc / Rwlv Capi | 1.68 |
04/16/2029 |
BBG00NS2HX12 |
4.625 | Bond | 52463360.77 |
56,860,000 |
United States | USD | -- |
| Pacificorp | 1.62 |
09/15/2055 |
BBG01SX471B0 |
7.375 | Bond | 50550477.40 |
48,317,000 |
United States | USD | -- |
| Celanese Us Holdings Llc | 1.44 |
11/15/2028 |
BBG01HVFYC72 |
6.600 | Bond | 45016814.61 |
42,347,000 |
United States | USD | -- |
| Celanese Us Holdings Llc | 1.44 |
07/15/2029 |
BBG018PJG371 |
6.580 | Bond | 44987456.79 |
42,573,000 |
United States | USD | -- |
| Rogers Communications Inc | 1.39 |
03/15/2082 |
BBG015476304 |
5.250 | Bond | 43516319.97 |
42,637,000 |
Canada | USD | -- |
| Perrigo Finance Unlimited Co | 1.33 |
06/15/2030 |
BBG00VJ08Y98 |
3.150 | Bond | 41631742.36 |
42,575,000 |
Ireland | USD | -- |
| Huntsman International Llc | 1.33 |
05/01/2029 |
BBG00NGT4PQ0 |
4.500 | Bond | 41505477.77 |
42,573,000 |
United States | USD | -- |
| Nordstrom Inc | 1.32 |
01/15/2044 |
BBG006G2HB38 |
5.000 | Bond | 41370079.99 |
54,794,000 |
United States | USD | -- |
| Methanex Corp | 1.29 |
12/15/2029 |
BBG00Q6Y2GK1 |
5.250 | Bond | 40277215.30 |
39,723,000 |
Canada | USD | -- |
| Whirlpool Corp | 1.28 |
02/26/2029 |
BBG00NDYBB76 |
4.750 | Bond | 40063507.36 |
39,723,000 |
United States | USD | -- |
| Vf Corp | 1.25 |
04/23/2030 |
BBG00TCX6Q42 |
2.950 | Bond | 39142003.70 |
42,575,000 |
United States | USD | -- |
| Bombardier Inc | 1.06 |
05/01/2034 |
BBG00008TWC6 |
7.450 | Bond | 33188857.38 |
29,013,000 |
Canada | USD | -- |
| Newell Brands Inc | 1.06 |
04/01/2046 |
BBG00CGXVV28 |
5.500 | Bond | 33186518.17 |
37,815,000 |
United States | USD | -- |
| Celanese Us Holdings Llc | 1.04 |
07/15/2027 |
BBG018PJG317 |
6.415 | Bond | 32587615.45 |
31,442,000 |
United States | USD | -- |
| Telecom Italia Capital Sa | 1.02 |
06/04/2038 |
BBG00000X252 |
7.721 | Bond | 32031720.01 |
28,375,000 |
Italy | USD | -- |
| Navient Corp | 1.02 |
08/01/2033 |
BBG00004FRQ6 |
5.625 | Bond | 31899309.63 |
33,802,000 |
United States | USD | -- |
| Nissan Motor Acceptance Co Llc | 1.02 |
09/15/2028 |
BBG01J9B7JK2 |
7.050 | Bond | 31771713.40 |
29,964,000 |
United States | USD | -- |
| Rockies Express Pipeline Llc | 1.00 |
07/15/2029 |
BBG00NSL8L43 |
4.950 | Bond | 31202389.22 |
31,220,000 |
United States | USD | -- |
| Transocean International Ltd | 1.00 |
03/15/2038 |
BBG00000W4J4 |
6.800 | Bond | 31111415.15 |
34,575,000 |
United States | USD | -- |
| Telecom Italia Capital Sa | 0.99 |
07/18/2036 |
BBG00001HGB0 |
7.200 | Bond | 30868055.99 |
28,378,000 |
Italy | USD | -- |
| Telecom Italia Capital Sa | 0.96 |
11/15/2033 |
BBG00003HHT5 |
6.375 | Bond | 30122371.08 |
28,350,000 |
Italy | USD | -- |
| Rockies Express Pipeline Llc | 0.96 |
04/15/2040 |
BBG0000R05L4 |
6.875 | Bond | 29890918.71 |
28,385,000 |
United States | USD | -- |
| Aptiv Swiss Holdings Ltd | 0.96 |
12/15/2054 |
BBG01PNNZPC0 |
6.875 | Bond | 29870790.55 |
28,460,000 |
Ireland | USD | -- |
| Telecom Italia Capital Sa | 0.95 |
09/30/2034 |
BBG0000BKK89 |
6.000 | Bond | 29666176.18 |
28,392,000 |
Italy | USD | -- |
| Fluor Corp | 0.93 |
09/15/2028 |
BBG00LSDJQ97 |
4.250 | Bond | 29084903.58 |
28,805,000 |
United States | USD | -- |
| Embarq Llc | 0.90 |
06/01/2036 |
BBG0000CFMW2 |
7.995 | Bond | 28254978.16 |
69,150,000 |
United States | USD | -- |
| Diversified Healthcare Trust | 0.90 |
02/15/2028 |
BBG00K15GWN9 |
4.750 | Bond | 28139630.98 |
28,461,000 |
United States | USD | -- |
| Vf Corp | 0.90 |
04/23/2027 |
BBG00TCX6NY6 |
2.800 | Bond | 27987066.95 |
28,394,000 |
United States | USD | -- |
| Nordstrom Inc | 0.88 |
04/01/2030 |
BBG00QRX4L45 |
4.375 | Bond | 27580047.93 |
28,396,000 |
United States | USD | -- |
| Sealed Air Corp | 0.88 |
07/15/2033 |
BBG00007X5K3 |
6.875 | Bond | 27358296.13 |
25,622,000 |
United States | USD | -- |
| Hudson Pacific Properties Lp | 0.85 |
04/01/2029 |
BBG00NDYSQH4 |
4.650 | Bond | 26576093.30 |
28,377,000 |
United States | USD | -- |
| Advance Auto Parts Inc | 0.85 |
04/15/2030 |
BBG00VQQGZ91 |
3.900 | Bond | 26479823.22 |
28,370,000 |
United States | USD | -- |
| Fmc Corp | 0.82 |
10/01/2029 |
BBG00Q9KR2W9 |
3.450 | Bond | 25754192.50 |
28,397,000 |
United States | USD | -- |
| Fmc Corp | 0.81 |
05/18/2033 |
BBG01GN95L88 |
5.650 | Bond | 25369693.78 |
28,397,000 |
United States | USD | -- |
| Brandywine Operating Partnership Lp | 0.81 |
11/15/2027 |
BBG00J6GNLG7 |
3.950 | Bond | 25322966.91 |
25,550,000 |
United States | USD | -- |
| Nissan Motor Acceptance Co Llc | 0.79 |
03/09/2028 |
BBG00ZJJYVZ6 |
2.750 | Bond | 24662491.61 |
25,662,000 |
United States | USD | -- |
| Newell Brands Inc | 0.76 |
04/01/2036 |
BBG00CGX53C8 |
5.375 | Bond | 23853968.41 |
23,836,000 |
United States | USD | -- |
| Kohl's Corp | 0.76 |
05/01/2031 |
BBG00ZVB4MQ2 |
3.625 | Bond | 23666882.83 |
26,717,000 |
United States | USD | -- |
| Travel + Leisure Co | 0.75 |
04/01/2027 |
BBG00G74TP92 |
4.500 | Bond | 23515705.98 |
22,786,000 |
United States | USD | -- |
| Wilton Re Ltd | 0.74 |
12/31/2049 |
BBG00XWYSH90 |
6.000 | Bond | 23013500.98 |
22,804,000 |
Canada | USD | -- |
| Nordstrom Inc | 0.73 |
08/01/2031 |
BBG011LS0Y42 |
4.250 | Bond | 22956245.44 |
24,139,000 |
United States | USD | -- |
| Tenet Healthcare Corp | 0.73 |
11/15/2031 |
BBG000060XN7 |
6.875 | Bond | 22834468.81 |
20,604,000 |
United States | USD | -- |
| Dpl Llc/Ohio | 0.73 |
04/15/2029 |
BBG00SGDXN50 |
4.350 | Bond | 22761874.77 |
22,775,000 |
United States | USD | -- |
| Buckeye Partners Lp | 0.72 |
12/01/2027 |
BBG00J6FSCK9 |
4.125 | Bond | 22635866.56 |
22,724,000 |
Australia | USD | -- |
| Hudson Pacific Properties Lp | 0.70 |
11/01/2027 |
BBG00HTH10P4 |
3.950 | Bond | 22002209.56 |
22,711,000 |
United States | USD | -- |
| Transocean International Ltd | 0.70 |
04/15/2031 |
BBG00002HMW2 |
7.500 | Bond | 21972809.15 |
22,441,000 |
United States | USD | -- |
| Service Properties Trust | 0.70 |
10/01/2029 |
BBG00Q72JRK8 |
4.950 | Bond | 21862312.90 |
24,125,000 |
United States | USD | -- |
| Buckeye Partners Lp | 0.69 |
11/15/2043 |
BBG005K2ZC06 |
5.850 | Bond | 21638525.51 |
22,713,000 |
Australia | USD | -- |
| Service Properties Trust | 0.69 |
01/15/2028 |
BBG00HZPQJY1 |
3.950 | Bond | 21620325.49 |
22,720,000 |
United States | USD | -- |
| Fmc Corp | 0.69 |
05/18/2053 |
BBG01GN95LD2 |
6.375 | Bond | 21608959.17 |
28,385,000 |
United States | USD | -- |
| Brandywine Operating Partnership Lp | 0.69 |
03/15/2028 |
BBG01BWRFF09 |
7.800 | Bond | 21555043.58 |
19,869,000 |
United States | USD | -- |
| Whirlpool Corp | 0.68 |
06/01/2046 |
BBG00CXCGR12 |
4.500 | Bond | 21290886.15 |
28,375,000 |
United States | USD | -- |
| Whirlpool Corp | 0.68 |
05/15/2050 |
BBG00TN4JZS4 |
4.600 | Bond | 21104446.98 |
28,386,000 |
United States | USD | -- |
| Yum! Brands Inc | 0.66 |
11/15/2037 |
BBG0000KR6H3 |
6.875 | Bond | 20712651.02 |
18,473,000 |
United States | USD | -- |
| Service Properties Trust | 0.65 |
02/15/2030 |
BBG00JXHW3R3 |
4.375 | Bond | 20260394.51 |
22,725,000 |
United States | USD | -- |
| Hudson Pacific Properties Lp | 0.65 |
02/15/2028 |
BBG019K3NT38 |
5.950 | Bond | 20179465.78 |
19,879,000 |
United States | USD | -- |
| Nordstrom Inc | 0.64 |
03/15/2027 |
BBG00G5CBZB0 |
4.000 | Bond | 19992226.33 |
19,870,000 |
United States | USD | -- |
| Rockies Express Pipeline Llc | 0.63 |
05/15/2030 |
BBG00RDRXGW9 |
4.800 | Bond | 19804151.57 |
19,885,000 |
United States | USD | -- |
| Lumen Technologies Inc | 0.63 |
09/15/2039 |
BBG0000JXSP2 |
7.600 | Bond | 19786682.24 |
19,865,000 |
United States | USD | -- |
| Huntsman International Llc | 0.62 |
06/15/2031 |
BBG0116QXQQ0 |
2.950 | Bond | 19529294.40 |
22,710,000 |
United States | USD | -- |
| Brandywine Operating Partnership Lp | 0.62 |
10/01/2029 |
BBG00737P6S4 |
4.550 | Bond | 19308155.64 |
19,877,000 |
United States | USD | -- |
| Hudson Pacific Properties Lp | 0.62 |
01/15/2030 |
BBG00QDGKZM8 |
3.250 | Bond | 19277052.09 |
22,705,000 |
United States | USD | -- |
| Advance Auto Parts Inc | 0.61 |
10/01/2027 |
BBG00XK3KNN0 |
1.750 | Bond | 18983197.74 |
19,885,000 |
United States | USD | -- |
| Macy's Retail Holdings Llc | 0.61 |
12/15/2034 |
BBG007JNT9G5 |
4.500 | Bond | 18961329.13 |
20,794,000 |
United States | USD | -- |
| Blackrock Tcp Capital Corp | 0.60 |
05/30/2029 |
BBG01N0Q4YY4 |
6.950 | Bond | 18903110.15 |
18,525,000 |
United States | USD | -- |
| Huntsman International Llc | 0.60 |
10/15/2034 |
BBG01Q08FX59 |
5.700 | Bond | 18803002.68 |
19,868,000 |
United States | USD | -- |
| Frontier Florida Llc | 0.59 |
02/01/2028 |
BBG00005FWX4 |
6.860 | Bond | 18479250.13 |
17,109,000 |
United States | USD | -- |
| Xpo Cnw Inc | 0.59 |
05/01/2034 |
BBG000097KS7 |
6.700 | Bond | 18469398.77 |
17,073,000 |
United States | USD | -- |
| Fmc Corp | 0.59 |
10/01/2049 |
BBG00Q9KR2Y7 |
4.500 | Bond | 18384631.64 |
28,402,000 |
United States | USD | -- |
| Vornado Realty Lp | 0.58 |
06/01/2031 |
BBG0112HF027 |
3.400 | Bond | 18215429.91 |
19,962,000 |
United States | USD | -- |
| Nordstrom Inc | 0.58 |
03/15/2028 |
BBG00005NKC4 |
6.950 | Bond | 18108217.73 |
17,052,000 |
United States | USD | -- |
| Oceaneering International Inc | 0.57 |
02/01/2028 |
BBG00JXGP4D6 |
6.000 | Bond | 17852627.79 |
17,027,000 |
United States | USD | -- |
| Advance Auto Parts Inc | 0.57 |
03/09/2028 |
BBG01FRDSD80 |
5.950 | Bond | 17832030.90 |
17,029,000 |
United States | USD | -- |
| Transalta Corp | 0.56 |
03/15/2040 |
BBG0000V3KC9 |
6.500 | Bond | 17604668.68 |
17,108,000 |
Canada | USD | -- |
| Nissan Motor Acceptance Co Llc | 0.56 |
09/13/2027 |
BBG01PNYH763 |
5.300 | Bond | 17521210.24 |
17,124,000 |
United States | USD | -- |
| Advance Auto Parts Inc | 0.56 |
03/15/2032 |
BBG015QGM561 |
3.500 | Bond | 17356660.61 |
19,875,000 |
United States | USD | -- |
| Resorts World Las Vegas Llc / Rwlv Capi | 0.55 |
04/06/2031 |
BBG00ZVD9QG5 |
4.625 | Bond | 17299011.73 |
19,950,000 |
United States | USD | -- |
| Murphy Oil Corp | 0.55 |
12/01/2042 |
BBG003NX70F1 |
5.125 | Bond | 17189649.22 |
19,273,000 |
United States | USD | -- |
| Kohl's Corp | 0.55 |
07/17/2045 |
BBG009LH9PG7 |
5.550 | Bond | 17117710.50 |
24,257,000 |
United States | USD | -- |
| Hb Fuller Co | 0.54 |
02/15/2027 |
BBG00FZ3TF24 |
4.000 | Bond | 16942092.37 |
16,675,000 |
United States | USD | -- |
| Bath & Body Works Inc | 0.54 |
03/01/2033 |
BBG00001TRM1 |
6.950 | Bond | 16747726.43 |
16,231,000 |
United States | USD | -- |
| United States Steel Corp | 0.53 |
06/01/2037 |
BBG00000PKZ8 |
6.650 | Bond | 16720127.06 |
15,634,000 |
United States | USD | -- |
| Safeway Inc | 0.53 |
02/01/2031 |
BBG000067R08 |
7.250 | Bond | 16701027.61 |
14,890,000 |
United States | USD | -- |
| Whirlpool Corp | 0.53 |
03/01/2034 |
BBG01LNT9BZ1 |
5.750 | Bond | 16544601.43 |
17,040,000 |
United States | USD | -- |
| Whirlpool Corp | 0.53 |
03/01/2033 |
BBG01F818595 |
5.500 | Bond | 16489056.47 |
17,050,000 |
United States | USD | -- |
| Vf Corp | 0.51 |
10/15/2033 |
BBG0000726P0 |
6.000 | Bond | 15995594.76 |
15,730,000 |
United States | USD | -- |
| Whirlpool Corp | 0.51 |
05/14/2032 |
BBG0175QZS82 |
4.700 | Bond | 15873096.04 |
17,040,000 |
United States | USD | -- |
| Buckeye Partners Lp | 0.51 |
10/15/2044 |
BBG0073BLQS5 |
5.600 | Bond | 15798142.70 |
17,049,000 |
Australia | USD | -- |
| Vf Corp | 0.50 |
11/01/2037 |
BBG0000KMF24 |
6.450 | Bond | 15739369.49 |
16,299,000 |
United States | USD | -- |
| Methanex Corp | 0.50 |
12/01/2044 |
BBG007J4V2Q8 |
5.650 | Bond | 15614070.83 |
17,043,000 |
Canada | USD | -- |
| Rockies Express Pipeline Llc | 0.50 |
07/15/2038 |
BBG0000BPZL6 |
7.500 | Bond | 15539351.67 |
14,195,000 |
United States | USD | -- |
| Yum! Brands Inc | 0.49 |
11/01/2043 |
BBG005GR5GM6 |
5.350 | Bond | 15457120.95 |
15,641,000 |
United States | USD | -- |
| Whirlpool Corp | 0.46 |
05/15/2031 |
BBG010FXJ678 |
2.400 | Bond | 14432813.07 |
17,050,000 |
United States | USD | -- |
| Prospect Capital Corp | 0.46 |
10/15/2028 |
BBG012PNSRX0 |
3.437 | Bond | 14237295.79 |
15,945,000 |
United States | USD | -- |
| Warnermedia Holdings Inc | 0.45 |
03/15/2032 |
BBG01G4GG513 |
4.279 | Bond | 14095147.20 |
16,690,000 |
United States | USD | -- |
| Nissan Motor Acceptance Co Llc | 0.45 |
09/15/2028 |
BBG012HNR6J2 |
2.450 | Bond | 14072272.98 |
14,990,000 |
United States | USD | -- |
| Perrigo Finance Unlimited Co | 0.45 |
12/15/2044 |
BBG007LSWBJ9 |
4.900 | Bond | 13951955.02 |
17,289,000 |
Ireland | USD | -- |
| Crane Nxt Co | 0.42 |
03/15/2048 |
BBG00JYFZ482 |
4.200 | Bond | 13232161.94 |
19,988,000 |
United States | USD | -- |
| Nissan Motor Acceptance Co Llc | 0.42 |
09/13/2029 |
BBG01PNYH7C6 |
5.550 | Bond | 13079537.52 |
12,850,000 |
United States | USD | -- |
| Whirlpool Corp | 0.38 |
03/01/2043 |
BBG0045Z3HD3 |
5.150 | Bond | 12027441.56 |
14,214,000 |
United States | USD | -- |
| Macy's Retail Holdings Llc | 0.38 |
01/15/2042 |
BBG002D9FKF4 |
5.125 | Bond | 11766105.22 |
14,191,000 |
United States | USD | -- |
| Macy's Retail Holdings Llc | 0.33 |
02/15/2043 |
BBG003MMKXQ7 |
4.300 | Bond | 10439434.35 |
14,175,000 |
United States | USD | -- |
| Service Properties Trust | 0.28 |
02/15/2027 |
BBG00FQQRR10 |
4.950 | Bond | 8699750.00 |
8,500,000 |
United States | USD | -- |
| Xerox Corp | 0.20 |
12/15/2039 |
BBG0000MMJZ6 |
6.750 | Bond | 6188925.59 |
20,013,000 |
United States | USD | -- |
| Xerox Corp | 0.13 |
03/01/2035 |
BBG008748H46 |
4.800 | Bond | 4015964.45 |
14,347,000 |
United States | USD | -- |
| 0.68 |
-- |
-- |
-- | Cash Bal | 21169140.96 |
21,169,141 |
United States | USD | -- | |
| Other/Cash | -0.07 |
-- |
-- |
-- | Cash | -2254912.22 |
0 |
-- | USD | -- |
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Country of risk is defined using the International Organization for Standardizationās (ISO) country codes which take four factors into account (listed in order of importance): management location, country of primary listing, country of revenue and reporting currency of the issuer. Management location is defined by country of domicile unless location of such key players as the CEO, CFO, COO or General Counsel is otherwise.
Portfolio
Currency Exposure (%) as of 12/31/2025
| U.S. Dollar | 98.68 |
| Other/Cash | 1.32 |
Credit Quality (%) as of 11/30/2025
| Composite | % of Net Assets | |
|---|---|---|
| Investment Grade | BBB | 1.23 |
| Non-Investment Grade | BB | 78.60 |
| B | 9.02 | |
| CCC | 5.26 | |
| C | 1.63 | |
| Total Investment Grade | -- | 1.23 |
| Total Non-Investment Grade | -- | 94.51 |
| Not Rated | -- | 3.46 |
If more than one rating is available for an underlying security, the lower of the two ratings is used. If a bond issued by a national government, national government agency or supranational issuer is not rated, the issuerās credit rating will be used. If two issuer ratings are available, the lower of the two is used. If only one rating is available in all scenarios, we will use the rating provided. If no rating is available, the security will be not rated. Not rated securities do not necessarily indicate lower credit quality. Ratings and portfolio credit quality may change over time.
Country Weightings (%) as at 12/31/2025
-
Country
% of Net Assets -
United States
71.95 -
Japan
6.79 -
Canada
5.21 -
Italy
3.73 -
United Kingdom
3.70 -
Australia
2.82 -
Ireland
2.57 -
Germany
1.89 -
Other/Cash
1.32
Maturity (%) as at 11/30/2025
-
Years
Maturity (%) -
< 1
0.50 -
1 - 3
25.50 -
3 - 5
25.00 -
5 - 7
10.40 -
7 - 10
10.00 -
10 - 15
8.70 -
15 - 20
6.30 -
20 - 30
7.80 -
30 +
4.90
Distributions
Distribution History
Anticipated Frequency: Monthly Dividend Income & Annual Capital Gains
| Ex-date |
Record Date |
Payable date |
Dividend Income‡ |
Short-Term Capital Gains |
Long-Term Capital Gains |
Return of Capital |
Total Distributions |
|---|---|---|---|---|---|---|---|
| 12/29/2025 | 12/29/2025 | 12/31/2025 | $ 0.1599 | -- | -- | -- | $ 0.16 |
| 11/28/2025 | 11/28/2025 | 12/03/2025 | $ 0.1471 | -- | -- | -- | $ 0.15 |
| 11/03/2025 | 11/03/2025 | 11/06/2025 | $ 0.1620 | -- | -- | -- | $ 0.16 |
| 10/01/2025 | 10/01/2025 | 10/06/2025 | $ 0.1465 | -- | -- | -- | $ 0.15 |
| 09/02/2025 | 09/02/2025 | 09/05/2025 | $ 0.1497 | -- | -- | -- | $ 0.15 |
| 08/01/2025 | 08/01/2025 | 08/06/2025 | $ 0.1566 | -- | -- | -- | $ 0.16 |
| 07/01/2025 | 07/01/2025 | 07/07/2025 | $ 0.1442 | -- | -- | -- | $ 0.14 |
| 06/02/2025 | 06/02/2025 | 06/05/2025 | $ 0.1546 | -- | -- | -- | $ 0.15 |
| 05/01/2025 | 05/01/2025 | 05/06/2025 | $ 0.1509 | -- | -- | -- | $ 0.15 |
| 04/01/2025 | 04/01/2025 | 04/04/2025 | $ 0.1578 | -- | -- | -- | $ 0.16 |
| 03/03/2025 | 03/03/2025 | 03/06/2025 | $ 0.1361 | -- | -- | -- | $ 0.14 |
| 02/03/2025 | 02/03/2025 | 02/06/2025 | $ 0.1563 | -- | -- | -- | $ 0.16 |
| 12/27/2024 | 12/27/2024 | 12/30/2024 | $ 0.1564 | -- | -- | -- | $ 0.16 |
| 12/02/2024 | 12/02/2024 | 12/05/2024 | $ 0.1454 | -- | -- | -- | $ 0.15 |
| 11/01/2024 | 11/01/2024 | 11/06/2024 | $ 0.1568 | -- | -- | -- | $ 0.16 |
| 10/01/2024 | 10/01/2024 | 10/04/2024 | $ 0.1439 | -- | -- | -- | $ 0.14 |
| 09/03/2024 | 09/03/2024 | 09/06/2024 | $ 0.1501 | -- | -- | -- | $ 0.15 |
| 08/01/2024 | 08/01/2024 | 08/06/2024 | $ 0.1573 | -- | -- | -- | $ 0.16 |
| 07/01/2024 | 07/01/2024 | 07/05/2024 | $ 0.1507 | -- | -- | -- | $ 0.15 |
| 06/03/2024 | 06/03/2024 | 06/06/2024 | $ 0.1562 | -- | -- | -- | $ 0.16 |
| 05/01/2024 | 05/02/2024 | 05/07/2024 | $ 0.1511 | -- | -- | -- | $ 0.15 |
| 04/01/2024 | 04/02/2024 | 04/05/2024 | $ 0.1520 | -- | -- | -- | $ 0.15 |
| 03/01/2024 | 03/04/2024 | 03/07/2024 | $ 0.1384 | -- | -- | -- | $ 0.14 |
| 02/01/2024 | 02/02/2024 | 02/07/2024 | $ 0.1448 | -- | -- | -- | $ 0.14 |
| 12/27/2023 | 12/28/2023 | 12/29/2023 | $ 0.1413 | -- | -- | -- | $ 0.14 |
| 12/01/2023 | 12/04/2023 | 12/07/2023 | $ 0.1217 | -- | -- | -- | $ 0.12 |
| 11/01/2023 | 11/02/2023 | 11/07/2023 | $ 0.1353 | -- | -- | -- | $ 0.14 |
| 10/02/2023 | 10/03/2023 | 10/06/2023 | $ 0.1363 | -- | -- | -- | $ 0.14 |
| 09/01/2023 | 09/05/2023 | 09/08/2023 | $ 0.1347 | -- | -- | -- | $ 0.13 |
| 08/01/2023 | 08/02/2023 | 08/10/2023 | $ 0.1275 | -- | -- | -- | $ 0.13 |
| 07/03/2023 | 07/05/2023 | 07/07/2023 | $ 0.1266 | -- | -- | -- | $ 0.13 |
| 06/01/2023 | 06/02/2023 | 06/07/2023 | $ 0.1307 | -- | -- | -- | $ 0.13 |
| 05/01/2023 | 05/02/2023 | 05/05/2023 | $ 0.1103 | -- | -- | -- | $ 0.11 |
| 04/03/2023 | 04/04/2023 | 04/10/2023 | $ 0.1274 | -- | -- | -- | $ 0.13 |
| 03/01/2023 | 03/02/2023 | 03/07/2023 | $ 0.1017 | -- | -- | -- | $ 0.10 |
| 02/01/2023 | 02/02/2023 | 02/07/2023 | $ 0.1242 | -- | -- | -- | $ 0.12 |
| 12/28/2022 | 12/29/2022 | 12/30/2022 | $ 0.1158 | -- | -- | -- | $ 0.12 |
| 12/01/2022 | 12/02/2022 | 12/07/2022 | $ 0.1051 | -- | -- | -- | $ 0.11 |
| 11/01/2022 | 11/02/2022 | 11/07/2022 | $ 0.1142 | -- | -- | -- | $ 0.11 |
| 10/03/2022 | 10/04/2022 | 10/07/2022 | $ 0.1040 | -- | -- | -- | $ 0.10 |
| 09/01/2022 | 09/02/2022 | 09/08/2022 | $ 0.1097 | -- | -- | -- | $ 0.11 |
| 08/01/2022 | 08/02/2022 | 08/05/2022 | $ 0.1099 | -- | -- | -- | $ 0.11 |
| 07/01/2022 | 07/05/2022 | 07/08/2022 | $ 0.1076 | -- | -- | -- | $ 0.11 |
| 06/01/2022 | 06/02/2022 | 06/07/2022 | $ 0.1097 | -- | -- | -- | $ 0.11 |
| 05/02/2022 | 05/03/2022 | 05/06/2022 | $ 0.1089 | -- | -- | -- | $ 0.11 |
| 04/01/2022 | 04/04/2022 | 04/07/2022 | $ 0.0995 | -- | -- | -- | $ 0.10 |
| 03/01/2022 | 03/02/2022 | 03/07/2022 | $ 0.0866 | -- | -- | -- | $ 0.09 |
| 02/01/2022 | 02/02/2022 | 02/07/2022 | $ 0.1033 | -- | -- | -- | $ 0.10 |
| 12/29/2021 | 12/30/2021 | 12/31/2021 | $ 0.1007 | -- | -- | -- | $ 0.10 |
| 12/01/2021 | 12/02/2021 | 12/07/2021 | $ 0.0977 | -- | -- | -- | $ 0.10 |
| 11/01/2021 | 11/02/2021 | 11/05/2021 | $ 0.1038 | -- | -- | -- | $ 0.10 |
| 10/01/2021 | 10/04/2021 | 10/07/2021 | $ 0.0975 | -- | -- | -- | $ 0.10 |
| 09/01/2021 | 09/02/2021 | 09/08/2021 | $ 0.1052 | -- | -- | -- | $ 0.11 |
| 08/02/2021 | 08/03/2021 | 08/06/2021 | $ 0.1078 | -- | -- | -- | $ 0.11 |
| 07/01/2021 | 07/02/2021 | 07/08/2021 | $ 0.1027 | -- | -- | -- | $ 0.10 |
| 06/01/2021 | 06/02/2021 | 06/07/2021 | $ 0.1194 | -- | -- | -- | $ 0.12 |
| 05/03/2021 | 05/04/2021 | 05/07/2021 | $ 0.1076 | -- | -- | -- | $ 0.11 |
| 04/01/2021 | 04/05/2021 | 04/08/2021 | $ 0.1170 | -- | -- | -- | $ 0.12 |
| 03/01/2021 | 03/02/2021 | 03/05/2021 | $ 0.1071 | -- | -- | -- | $ 0.11 |
| 02/01/2021 | 02/02/2021 | 02/05/2021 | $ 0.1177 | -- | -- | -- | $ 0.12 |
| 12/29/2020 | 12/30/2020 | 01/05/2021 | $ 0.1267 | -- | -- | -- | $ 0.13 |
| 12/01/2020 | 12/02/2020 | 12/07/2020 | $ 0.1185 | -- | -- | -- | $ 0.12 |
| 11/02/2020 | 11/03/2020 | 11/06/2020 | $ 0.1363 | -- | -- | -- | $ 0.14 |
| 10/01/2020 | 10/02/2020 | 10/07/2020 | $ 0.1274 | -- | -- | -- | $ 0.13 |
| 09/01/2020 | 09/02/2020 | 09/08/2020 | $ 0.1142 | -- | -- | -- | $ 0.11 |
| 08/03/2020 | 08/04/2020 | 08/07/2020 | $ 0.1340 | -- | -- | -- | $ 0.13 |
| 07/01/2020 | 07/02/2020 | 07/08/2020 | $ 0.1369 | -- | -- | -- | $ 0.14 |
| 06/01/2020 | 06/02/2020 | 06/05/2020 | $ 0.1318 | -- | -- | -- | $ 0.13 |
| 05/01/2020 | 05/04/2020 | 05/07/2020 | $ 0.1077 | -- | -- | -- | $ 0.11 |
| 04/01/2020 | 04/02/2020 | 04/07/2020 | $ 0.1391 | -- | -- | -- | $ 0.14 |
| 03/02/2020 | 03/03/2020 | 03/06/2020 | $ 0.1123 | -- | -- | -- | $ 0.11 |
| 02/03/2020 | 02/04/2020 | 02/07/2020 | $ 0.1130 | -- | -- | -- | $ 0.11 |
| 12/30/2019 | 12/31/2019 | 01/06/2020 | $ 0.1305 | -- | -- | -- | $ 0.13 |
| 12/02/2019 | 12/03/2019 | 12/06/2019 | $ 0.1322 | -- | -- | -- | $ 0.13 |
| 11/01/2019 | 11/04/2019 | 11/07/2019 | $ 0.1311 | -- | -- | -- | $ 0.13 |
| 10/01/2019 | 10/02/2019 | 10/07/2019 | $ 0.1286 | -- | -- | -- | $ 0.13 |
| 09/03/2019 | 09/04/2019 | 09/09/2019 | $ 0.1282 | -- | -- | -- | $ 0.13 |
| 08/01/2019 | 08/02/2019 | 08/07/2019 | $ 0.1327 | -- | -- | -- | $ 0.13 |
| 07/01/2019 | 07/02/2019 | 07/08/2019 | $ 0.1270 | -- | -- | -- | $ 0.13 |
| 06/03/2019 | 06/04/2019 | 06/07/2019 | $ 0.1319 | -- | -- | -- | $ 0.13 |
| 05/01/2019 | 05/02/2019 | 05/07/2019 | $ 0.1347 | -- | -- | -- | $ 0.13 |
| 04/01/2019 | 04/02/2019 | 04/05/2019 | $ 0.1352 | -- | -- | -- | $ 0.14 |
| 03/01/2019 | 03/04/2019 | 03/07/2019 | $ 0.1157 | -- | -- | -- | $ 0.12 |
| 02/01/2019 | 02/04/2019 | 02/07/2019 | $ 0.1223 | -- | -- | -- | $ 0.12 |
| 12/27/2018 | 12/28/2018 | 01/03/2019 | $ 0.1436 | -- | -- | -- | $ 0.14 |
| 12/03/2018 | 12/04/2018 | 12/07/2018 | $ 0.1506 | -- | -- | -- | $ 0.15 |
| 11/01/2018 | 11/02/2018 | 11/07/2018 | $ 0.1395 | -- | -- | -- | $ 0.14 |
| 10/01/2018 | 10/02/2018 | 10/05/2018 | $ 0.1285 | -- | -- | -- | $ 0.13 |
| 09/04/2018 | 09/05/2018 | 09/10/2018 | $ 0.1326 | -- | -- | -- | $ 0.13 |
| 08/01/2018 | 08/02/2018 | 08/07/2018 | $ 0.1391 | -- | -- | -- | $ 0.14 |
| 07/02/2018 | 07/03/2018 | 07/09/2018 | $ 0.1269 | -- | -- | -- | $ 0.13 |
| 06/01/2018 | 06/04/2018 | 06/07/2018 | $ 0.1316 | -- | -- | -- | $ 0.13 |
| 05/01/2018 | 05/02/2018 | 05/07/2018 | $ 0.1224 | -- | -- | -- | $ 0.12 |
| 04/02/2018 | 04/03/2018 | 04/06/2018 | $ 0.1332 | -- | -- | -- | $ 0.13 |
| 03/01/2018 | 03/02/2018 | 03/07/2018 | $ 0.1187 | -- | -- | -- | $ 0.12 |
| 02/01/2018 | 02/02/2018 | 02/07/2018 | $ 0.1303 | -- | -- | -- | $ 0.13 |
| 12/27/2017 | 12/28/2017 | 01/03/2018 | $ 0.1333 | $ 0.0683 | $ 0.0173 | -- | $ 0.22 |
| 12/01/2017 | 12/04/2017 | 12/07/2017 | $ 0.1219 | -- | -- | -- | $ 0.12 |
| 11/01/2017 | 11/02/2017 | 11/07/2017 | $ 0.1268 | -- | -- | -- | $ 0.13 |
| 10/02/2017 | 10/03/2017 | 10/06/2017 | $ 0.1212 | -- | -- | -- | $ 0.12 |
| 09/01/2017 | 09/06/2017 | 09/08/2017 | $ 0.1223 | -- | -- | -- | $ 0.12 |
| 08/01/2017 | 08/03/2017 | 08/07/2017 | $ 0.1269 | -- | -- | -- | $ 0.13 |
| 07/03/2017 | 07/06/2017 | 07/10/2017 | $ 0.1310 | -- | -- | -- | $ 0.13 |
| 06/01/2017 | 06/05/2017 | 06/07/2017 | $ 0.1276 | -- | -- | -- | $ 0.13 |
| 05/01/2017 | 05/03/2017 | 05/05/2017 | $ 0.1143 | -- | -- | -- | $ 0.11 |
| 04/03/2017 | 04/05/2017 | 04/07/2017 | $ 0.1282 | -- | -- | -- | $ 0.13 |
| 03/01/2017 | 03/03/2017 | 03/07/2017 | $ 0.1125 | -- | -- | -- | $ 0.11 |
| 02/01/2017 | 02/03/2017 | 02/07/2017 | $ 0.1210 | -- | -- | -- | $ 0.12 |
| 12/28/2016 | 12/30/2016 | 01/04/2017 | $ 0.1270 | $ 0.0842 | $ 0.0076 | -- | $ 0.22 |
| 12/01/2016 | 12/05/2016 | 12/07/2016 | $ 0.1317 | -- | -- | -- | $ 0.13 |
| 11/01/2016 | 11/03/2016 | 11/07/2016 | $ 0.1350 | -- | -- | -- | $ 0.14 |
| 10/03/2016 | 10/05/2016 | 10/07/2016 | $ 0.1367 | -- | -- | -- | $ 0.14 |
| 09/01/2016 | 09/06/2016 | 09/08/2016 | $ 0.1338 | -- | -- | -- | $ 0.13 |
| 08/01/2016 | 08/03/2016 | 08/05/2016 | $ 0.1271 | -- | -- | -- | $ 0.13 |
| 07/01/2016 | 07/06/2016 | 07/08/2016 | $ 0.1431 | -- | -- | -- | $ 0.14 |
| 06/01/2016 | 06/03/2016 | 06/07/2016 | $ 0.1465 | -- | -- | -- | $ 0.15 |
| 05/02/2016 | 05/04/2016 | 05/06/2016 | $ 0.1395 | -- | -- | -- | $ 0.14 |
| 04/01/2016 | 04/05/2016 | 04/07/2016 | $ 0.1444 | -- | -- | -- | $ 0.14 |
| 03/01/2016 | 03/03/2016 | 03/07/2016 | $ 0.1165 | -- | -- | -- | $ 0.12 |
| 02/01/2016 | 02/03/2016 | 02/05/2016 | $ 0.0920 | -- | -- | -- | $ 0.09 |
| 12/29/2015 | 12/31/2015 | 01/05/2016 | $ 0.1270 | -- | $ 0.0610 | -- | $ 0.19 |
| 12/01/2015 | 12/03/2015 | 12/07/2015 | $ 0.1048 | -- | -- | -- | $ 0.10 |
| 11/02/2015 | 11/04/2015 | 11/06/2015 | $ 0.1164 | -- | -- | -- | $ 0.12 |
| 10/01/2015 | 10/05/2015 | 10/07/2015 | $ 0.1045 | -- | -- | -- | $ 0.10 |
| 09/01/2015 | 09/03/2015 | 09/08/2015 | $ 0.1180 | -- | -- | -- | $ 0.12 |
| 08/03/2015 | 08/05/2015 | 08/07/2015 | $ 0.1170 | -- | -- | -- | $ 0.12 |
| 07/01/2015 | 07/06/2015 | 07/08/2015 | $ 0.1000 | -- | -- | -- | $ 0.10 |
| 06/01/2015 | 06/03/2015 | 06/05/2015 | $ 0.1080 | -- | -- | -- | $ 0.11 |
| 05/01/2015 | 05/05/2015 | 05/07/2015 | $ 0.0900 | -- | -- | -- | $ 0.09 |
| 04/01/2015 | 04/06/2015 | 04/08/2015 | $ 0.1340 | -- | -- | -- | $ 0.13 |
| 03/02/2015 | 03/04/2015 | 03/06/2015 | $ 0.1120 | -- | -- | -- | $ 0.11 |
| 02/02/2015 | 02/04/2015 | 02/06/2015 | $ 0.1218 | -- | -- | -- | $ 0.12 |
| 12/29/2014 | 12/31/2014 | 01/05/2015 | $ 0.1218 | $ 0.0680 | $ 0.2110 | -- | $ 0.40 |
| 12/01/2014 | 12/03/2014 | 12/05/2014 | $ 0.1050 | -- | -- | -- | $ 0.11 |
| 11/03/2014 | 11/05/2014 | 11/07/2014 | $ 0.1300 | -- | -- | -- | $ 0.13 |
| 10/01/2014 | 10/03/2014 | 10/07/2014 | $ 0.1250 | -- | -- | -- | $ 0.13 |
| 09/02/2014 | 09/04/2014 | 09/08/2014 | $ 0.1280 | -- | -- | -- | $ 0.13 |
| 08/01/2014 | 08/05/2014 | 08/07/2014 | $ 0.1280 | -- | -- | -- | $ 0.13 |
| 07/01/2014 | 07/03/2014 | 07/08/2014 | $ 0.1190 | -- | -- | -- | $ 0.12 |
| 06/02/2014 | 06/04/2014 | 06/06/2014 | $ 0.1290 | -- | -- | -- | $ 0.13 |
| 05/01/2014 | 05/05/2014 | 05/07/2014 | $ 0.1260 | -- | -- | -- | $ 0.13 |
| 04/01/2014 | 04/03/2014 | 04/07/2014 | $ 0.1300 | -- | -- | -- | $ 0.13 |
| 03/03/2014 | 03/05/2014 | 03/07/2014 | $ 0.1190 | -- | -- | -- | $ 0.12 |
| 02/03/2014 | 02/05/2014 | 02/07/2014 | $ 0.1300 | -- | -- | -- | $ 0.13 |
| 12/27/2013 | 12/31/2013 | 01/03/2014 | $ 0.1300 | -- | $ 0.0754 | -- | $ 0.21 |
| 12/02/2013 | 12/04/2013 | 12/06/2013 | $ 0.1270 | -- | -- | -- | $ 0.13 |
| 11/01/2013 | 11/05/2013 | 11/07/2013 | $ 0.1270 | -- | -- | -- | $ 0.13 |
| 10/01/2013 | 10/03/2013 | 10/07/2013 | $ 0.1222 | -- | -- | -- | $ 0.12 |
| 09/03/2013 | 09/05/2013 | 09/09/2013 | $ 0.1222 | -- | -- | -- | $ 0.12 |
| 08/01/2013 | 08/05/2013 | 08/07/2013 | $ 0.1390 | -- | -- | -- | $ 0.14 |
| 07/01/2013 | 07/03/2013 | 07/08/2013 | $ 0.1390 | -- | -- | -- | $ 0.14 |
| 06/03/2013 | 06/05/2013 | 06/07/2013 | $ 0.1390 | -- | -- | -- | $ 0.14 |
| 05/01/2013 | 05/03/2013 | 05/07/2013 | $ 0.1300 | -- | -- | -- | $ 0.13 |
| 04/01/2013 | 04/03/2013 | 04/05/2013 | $ 0.1395 | -- | -- | -- | $ 0.14 |
| 03/01/2013 | 03/05/2013 | 03/07/2013 | $ 0.1300 | -- | -- | -- | $ 0.13 |
| 02/01/2013 | 02/05/2013 | 02/07/2013 | $ 0.1300 | -- | -- | -- | $ 0.13 |
| 12/27/2012 | 12/31/2012 | 01/03/2013 | $ 0.1463 | $ 0.1200 | -- | -- | $ 0.27 |
| 12/03/2012 | 12/05/2012 | 12/07/2012 | $ 0.1463 | -- | -- | -- | $ 0.15 |
| 11/01/2012 | 11/05/2012 | 11/07/2012 | $ 0.1463 | -- | -- | -- | $ 0.15 |
| 10/01/2012 | 10/03/2012 | 10/05/2012 | $ 0.1400 | -- | -- | -- | $ 0.14 |
| 09/04/2012 | 09/07/2012 | 09/10/2012 | $ 0.1400 | -- | -- | -- | $ 0.14 |
| 08/01/2012 | 08/03/2012 | 08/07/2012 | $ 0.1400 | -- | -- | -- | $ 0.14 |
| 07/02/2012 | 07/05/2012 | 07/09/2012 | $ 0.1300 | -- | -- | -- | $ 0.13 |
| 06/01/2012 | 06/05/2012 | 06/07/2012 | $ 0.1620 | -- | -- | -- | $ 0.16 |
‡All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.
Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.
The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.