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ANGL
VanEck Vectors Fallen Angel High Yield Bond ETF

Latest Market Updates*

  • ANGL’s index has consistently outperformed the broad high yield index in a variety of market conditions, with outperformance in 13 of the past 17 years.
  • Long-term performance has been driven by buying new fallen angels at deep discounts, a higher quality tilt, and sector positioning.
  • 2020 performance has been driven by record volume of new fallen angels; we expect further downgrade in 2021, however as the pace slows we expect the other drivers of performance to play an important role in returns going forward.

Learn More | Fallen Angels: The Year In Review

Fund Description

The VanEck 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 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.

 
 

  • Fund Ticker

    ANGL
  • Exchange

    NASDAQ
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    H0CF
  • Index Rebalancing

    Monthly
  • 2020 NAIC Designation11

    3.C

 
as of 01/25/21

  • 30-Day SEC Yield1

    3.42%
  • Total Net Assets

    $4.3B
  • Number of Holdings

    338
  • Options

    Available
  • Gross Expense Ratio2

    0.43%
  • Net Expense Ratio/TER2

    0.35%
  • Distribution Frequency

    Monthly
Why Invest?

Country Weightings (%) as of 12/31/20

  • Country

    % of Net Assets
  • United States

    83.60
  • Canada

    3.36
  • Italy

    3.04
  • United Kingdom

    2.62
  • Germany

    1.91
  • France

    1.61
  • Luxembourg

    1.57
  • Australia

    1.05
  • China

    0.37
  • Finland

    0.27
  • Brazil

    0.23
  • Ireland

    0.15
  • Other/Cash

    0.22

Portfolio Composition (%)
as of 12/31/20

  • % of Net Assets
  • Stocks

    0.00
  • Bonds

    99.78
  • Other

    0.00
  • Cash

    0.22

Currency Exposure (%)
as of 12/31/20

  • U.S. Dollar

    99.78
  • Other/Cash

    0.22

Credit Quality (%) as of 12/31/20

Composite % of Net Assets
Non-Investment Grade BB 94.31
B 3.98
CCC 1.30
C 0.19
Total Non-Investment Grade -- 99.78
Source: Bloomberg.  Rating is a proprietary composite of various rating agencies. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated.

3-YR Risk Measures*
as of 12/31/20

  • Beta vs. S&P 500 Index

    0.51
  • Correlation vs. S&P 500 Index

    0.83
  • Volatility (Standard Deviation)

    11.39
  • Sharpe Ratio

    0.56

Source: VanEck, FactSet

*Beta is a measure of sensitivity to market movements. Correlation measures the extent of linear association between the ETF performance and the index performance. Volatility is the annualized standard deviation of the ETF's monthly returns. Sharpe ratio measures risk-adjusted return, and represents the ETF's return less the risk free rate divided by the standard deviation. See S&P 500 Index definition.6

Maturity (%) as of 12/31/20

 Average Portfolio Maturity: 10.27 Years

Sector Weightings (%) as of 12/31/20

  • Sector

    % of Net Assets
  • Energy

    28.7
  • Consumer Cyclicals

    20.8
  • Technology

    11.4
  • Consumer Non-Cyclicals

    10.2
  • Basic Materials

    7.2
  • Utilities

    6.2
  • Financials

    5.5
  • Industrials

    5.4
  • Real Estate

    3.9
  • Healthcare

    0.5
  • Other/Cash

    0.2