ANGLVanEck Fallen Angel High Yield Bond ETF
Index Key Points
The ICE US Fallen Angel High Yield 10% Constrained Index (H0CF)
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 subject to a 10% issuer cap.
Index Provider: ICE Data Indices, LLC10
Index Profile
-
Ticker
H0CF -
Inception Date
02/25/2020 -
Rebalance Frequency
Monthly
Index Fundamentals4 as of 02/01/23
-
Yield to Worst
6.84% -
Yield to Maturity
6.90% -
Effective Duration (yrs)
5.61 -
Years to Maturity
8.71 -
Coupon
5.36%
Index Top 10 Constituents (%) as of 12/31/22
Constituent Name |
Coupon
|
Maturity | Weightings (%) |
---|---|---|---|
Sprint Capital Corp |
6.875 |
11/15/2028 | 2.44 |
Sprint Capital Corp |
8.750 |
03/15/2032 | 2.29 |
Vodafone Group Plc |
0.000 |
04/04/2079 | 1.91 |
Intesa Sanpaolo Spa |
5.017 |
06/26/2024 | 1.81 |
Newell Brands Inc |
0.000 |
04/01/2026 | 1.78 |
Occidental Petroleum Cor |
6.450 |
09/15/2036 | 1.67 |
Las Vegas Sands Corp |
0.000 |
08/08/2024 | 1.59 |
Royal Caribbean Cruises |
0.000 |
06/01/2025 | 1.48 |
Electricite De France Sa |
0.000 |
01/01/1900 | 1.37 |
Firstenergy Corp |
3.900 |
07/15/2027 | 1.35 |
Top 10 Total (%) | 17.68 |
Index Country Weightings (%)
as of 12/31/22
Country | % of Net Assets |
---|---|
● United States | 82.81 |
● Italy | 4.89 |
● United Kingdom | 3.71 |
● Ireland | 2.04 |
● Canada | 1.82 |
● Australia | 1.61 |
● France | 1.37 |
● Germany | 0.97 |
● Finland | 0.45 |
● Spain | 0.32 |
Index Sector Weightings (%)
as of 12/31/22
Sector | % of Net Assets |
---|---|
● Energy | 26.9 |
● Consumer Cyclicals | 19.7 |
● Technology | 16.1 |
● Industrials | 14.6 |
● Utilities | 6.4 |
● Financials | 5.3 |
● Real Estate | 5.1 |
● Healthcare | 3.0 |
● Basic Materials | 2.3 |
● Consumer Non-Cyclicals | 0.5 |
Index Credit Quality (%)† as of 12/31/22
Composite | % of Net Assets | |
---|---|---|
Investment Grade | BBB | 3.07 |
Non-Investment Grade | BB | 80.34 |
B | 12.22 | |
CCC | 2.39 | |
C | 0.63 | |
D | 0.07 | |
Total Investment Grade | -- | 3.07 |
Total Non-Investment Grade | -- | 95.65 |
Not Rated | -- | 1.28 |
Maturity (%)
as of 12/31/22
Average Maturity: 8.55 Years