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UCTGFA VanEck Global Fallen Angel High Yield Bond UCITS ETF Please read important disclosure Close important disclosure true
Marketing Communication

GFA

GFA
VanEck Global Fallen Angel High Yield Bond UCITS ETF

Marketing Communication

GFA

GFA
VanEck Global Fallen Angel High Yield Bond UCITS ETF

ISIN: IE00BF540Z61
  • NAV
    $75.50

    as of 31 Jul 2026
  • YTD RETURNS
    3.10%

    as of 31 Jul 2026
  • Total Net Assets
    $56.9 million

    as of 31 Jul 2026
  • Total Expense Ratio
    0.40%
  • Inception Date
    19 Mar 2018
  • SFDR Classification
    Article 6
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Overview

Why invest in our Fallen Angels ETF

  • Fallen Angel Bonds

    Invests in 'fallen angel' bonds, formerly investment-grade debt that has since been downgraded to high yield. High-yield bonds carry meaningful credit and default risk.

  • A Market Anomaly

    The strategy aims to take advantage of a market anomaly: bonds are often oversold by forced sellers at downgrade, before potentially recovering. Recovery is not guaranteed and issuers can default.

  • Higher Credit Quality

    Fallen angels typically carry higher average credit quality than ordinary high-yield issuers, tending to cluster in the top (BB) tier of high yield. They still carry credit and default risk, sector exposure can be concentrated, and prices fall when spreads widen.

Fund Description

The VanEck Global Fallen Angel High Yield Bond UCITS ETF is a straightforward way to profit from the well-known anomaly of Fallen Angels – investment grade bonds that have been downgraded to high yield. They are often oversold due to restrictions placed on institutional investors and tend to outperform the broad High Yield sector, while on average having higher credit quality.

  • A history of outperformance versus the high-yield bond universe1
  • Take advantage of a market anomaly
  • Currently higher average credit quality than ordinary high-yield issuers
  • Diversification across countries and sectors
  • Issued in USD, GBP, EUR and CAD
  • Currently amongst the lowest total expense ratios in UCITS Fallen Angel ETFs (0.4%)

1Past performance is not a reliable indicator for future performance.

Main risk factors: Foreign Currency Risk, Emerging Markets Risk, High Yield Securities Risk. Please refer to the KID

and the Prospectus for other important information before investing.

Capital Markets

VanEck partners with esteemed market makers to ensure the availability of our products for trading on the mentioned stock exchanges. Our Capital Markets team is committed to continuously monitoring and assessing spreads, sizes, and prices to ensure optimal trading conditions for our clients. Furthermore, VanEck ETFs are available on various trading platforms, and we collaborate with a wider range of reputable Authorized Participants (APs) to promote an efficient and fair trading environment. For more information about our APs and to contact our Capital Markets team, please visit factsheet capital markets.pdf

Holdings

Performance

Portfolio

Trading Information

Documents

Awards

Index

Main Risks