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VanEck Fallen Angel High Yield Bond ETF

ETF
ANGL
Payout Change
Pending
Price as of:
$28.66 -0.21 -0.73%
primary theme
High Yield Bond
ANGL (ETF)

VanEck Fallen Angel High Yield Bond ETF

Payout Change
Pending
Price as of:
$28.66 -0.21 -0.73%
primary theme
High Yield Bond
ANGL (ETF)

VanEck Fallen Angel High Yield Bond ETF

Payout Change
Pending
Price as of:
$28.66 -0.21 -0.73%
primary theme
High Yield Bond

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

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VanEck Fallen Angel High Yield Bond ETF

ANGL | ETF

$28.66

$3.03 B

5.98%

$1.73

0.25%

Vitals

YTD Return

4.9%

1 yr return

12.2%

3 Yr Avg Return

0.6%

5 Yr Avg Return

4.9%

Net Assets

$3.03 B

Holdings in Top 10

25.6%

52 WEEK LOW AND HIGH

$28.9
$27.19
$29.42

Expenses

OPERATING FEES

Expense Ratio 0.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 11/01/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

VanEck Fallen Angel High Yield Bond ETF

ANGL | ETF

$28.66

$3.03 B

5.98%

$1.73

0.25%

ANGL - Profile

Distributions

  • YTD Total Return 4.9%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 4.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.83%
DIVIDENDS
  • Dividend Yield 6.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    VanEck Fallen Angel High Yield Bond ETF
  • Fund Family Name
    VANECKFUND
  • Inception Date
    Apr 10, 2012
  • Shares Outstanding
    121250000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Francis Rodilosso

Fund Description

The Fund normally invests at least 80% of its total assets in securities that comprise the Fund’s benchmark index. The Fallen Angel Index is comprised of below investment grade corporate bonds denominated in U.S. dollars that were (a) rated investment grade at the time of issuance or (b) in certain limited circumstances, were original-issue high yield bonds from the same obligor entity whose bonds were already included in the Fallen Angel Index and are senior or senior secured only. Qualifying securities must be issued in the U.S. domestic market and have a below investment grade rating. Defaulted securities are removed from the Fallen Angel Index at the end of the month in which they default. The Fallen Angel Index is comprised of bonds issued by both U.S. and non-U.S. issuers.
The country of risk of qualifying issuers must be a member of the FX Group of Ten, a Western European nation, or a territory of the United States or a Western European nation. The FX Group of Ten includes all Euro members, Australia, Canada, Japan, New Zealand, Norway, Sweden, Switzerland, the United Kingdom and the United States. As of June 30, 2024, the Fallen Angel Index included 126 below investment grade bonds of 67 issuers and approximately 14% of the Fallen Angel Index was comprised of Rule 144A securities. The Fund’s 80% investment policy is non-fundamental and may be changed without shareholder approval upon 60 days’ prior written notice to shareholders.
The Fund, using a “passive” or indexing investment approach, attempts to approximate the investment performance of the Fallen Angel Index by investing in a portfolio of securities that generally replicates the Fallen Angel Index. Unlike many investment companies that try to “beat” the performance of a benchmark index, the Fund does not try to “beat” the Fallen Angel Index and does not take temporary defensive positions that are inconsistent with its investment objective of seeking to replicate the Fallen Angel Index.
The Fund may become "non-diversified" as defined under the Investment Company Act of 1940, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Fallen Angel Index. This means that the Fund may invest a greater percentage of its assets in a limited number of issuers than would be the case if the Fund were always managed as a diversified management investment company. The Fund intends to be diversified in approximately the same proportion as the Fallen Angel Index. Shareholder approval will not be sought when the Fund crosses from diversified to non-diversified status due solely to a change in the relative market capitalization or index weighting of one or more constituents of the Fallen Angel Index.
The Fund may concentrate its investments in a particular industry or group of industries to the extent that the Fallen Angel Index concentrates in an industry or group of industries. As of April 30, 2024, each of the energy, consumer discretionary, information technology and real estate sectors represented a significant portion of the Fund.
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ANGL - Performance

Return Ranking - Trailing

Period ANGL Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -7.0% 14.6% 90.58%
1 Yr 12.2% 0.6% 19.7% 82.47%
3 Yr 0.6%* -14.5% 20.8% 90.37%
5 Yr 4.9%* -12.1% 37.0% 14.24%
10 Yr 6.0%* -5.2% 19.9% 3.54%

* Annualized

Return Ranking - Calendar

Period ANGL Return Category Return Low Category Return High Rank in Category (%)
2023 6.5% -4.7% 14.3% 14.01%
2022 -18.0% -33.4% 3.6% 84.54%
2021 2.7% -8.4% 8.2% 9.39%
2020 7.5% -13.2% 302.7% 2.64%
2019 11.9% -4.4% 13.3% 1.81%

Total Return Ranking - Trailing

Period ANGL Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -7.0% 14.6% 90.58%
1 Yr 12.2% 0.6% 19.7% 82.47%
3 Yr 0.6%* -14.5% 20.8% 90.37%
5 Yr 4.9%* -12.1% 37.0% 14.24%
10 Yr 6.0%* -5.2% 19.9% 3.54%

* Annualized

Total Return Ranking - Calendar

Period ANGL Return Category Return Low Category Return High Rank in Category (%)
2023 12.5% -4.7% 18.7% 40.88%
2022 -14.3% -33.4% 47.8% 92.11%
2021 6.8% -8.4% 12.4% 15.87%
2020 13.2% -9.6% 325.6% 2.11%
2019 18.1% -3.8% 19.4% 0.90%

ANGL - Holdings

Concentration Analysis

ANGL Category Low Category High ANGL % Rank
Net Assets 3.03 B 3.13 M 23.6 B 16.88%
Number of Holdings 128 2 3879 90.54%
Net Assets in Top 10 770 M -492 M 5.25 B 9.62%
Weighting of Top 10 25.57% 4.2% 146.0% 10.44%

Top 10 Holdings

  1. State Street Navigator Securities Lending Government Money Market Portfolio 5.46%
  2. Vodafone Group PLC 3.67%
  3. Newell Brands Inc 3.51%
  4. Entegris Inc 2.73%
  5. Walgreens Boots Alliance Inc 2.44%
  6. Dresdner Funding Trust I 1.94%
  7. Resorts World Las Vegas LLC / RWLV Capital Inc 1.61%
  8. EQM Midstream Partners LP 1.50%
  9. Nordstrom Inc 1.37%
  10. Standard Chartered PLC 1.35%

Asset Allocation

Weighting Return Low Return High ANGL % Rank
Bonds 		98.17% 0.00% 145.36% 12.82%
Cash 		5.46% -52.00% 48.02% 29.36%
Stocks 		0.00% 0.00% 99.64% 87.50%
Preferred Stocks 		0.00% 0.00% 4.97% 73.90%
Other 		0.00% -39.08% 99.96% 73.41%
Convertible Bonds 		0.00% 0.00% 17.89% 97.23%

Bond Sector Breakdown

Weighting Return Low Return High ANGL % Rank
Corporate 		98.85% 0.00% 100.00% 6.86%
Cash & Equivalents 		5.46% 0.00% 48.02% 25.77%
Derivative 		0.00% -14.19% 42.26% 66.23%
Securitized 		0.00% 0.00% 97.24% 76.14%
Municipal 		0.00% 0.00% 1.17% 57.35%
Government 		0.00% 0.00% 99.07% 69.28%

Bond Geographic Breakdown

Weighting Return Low Return High ANGL % Rank
US 		98.17% 0.00% 126.57% 9.46%
Non US 		0.00% 0.00% 96.91% 73.57%

ANGL - Expenses

Operational Fees

ANGL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.02% 38.33% 97.88%
Management Fee 0.25% 0.00% 1.75% 2.76%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

ANGL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ANGL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ANGL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 1.00% 255.00% 5.53%

ANGL - Distributions

Dividend Yield Analysis

ANGL Category Low Category High ANGL % Rank
Dividend Yield 5.98% 0.00% 11.76% 64.99%

Dividend Distribution Analysis

ANGL Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

ANGL Category Low Category High ANGL % Rank
Net Income Ratio 4.83% -2.39% 9.30% 27.08%

Capital Gain Distribution Analysis

ANGL Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

ANGL - Fund Manager Analysis

Managers

Francis Rodilosso

Start Date

Tenure

Tenure Rank

Apr 10, 2012

10.15

10.2%

Mr. Rodilosso joined VanEck in 2012. He serves as Head of Fixed Income ETF Portfolio Management and is responsible for portfolio strategy, credit, and market analysis. Prior to joining VanEck, Mr. Rodilosso served as Managing Director of Global Emerging Markets with The Seaport Group where he launched the firm’s emerging markets fixed income sales and trading business. Mr. Rodilosso’s earlier career experience includes portfolio management positions at Greylock Capital and Soundbrook Capital where he focused on corporate high-yield and distressed situations, with an emphasis on emerging markets. He also held senior fixed income trading positions at Credit Lyonnais and HSBC. Mr. Rodilosso is a CFA Charterholder and a member of the CFA Society New York. He received an MBA from the Wharton School of the University of Pennsylvania and a BA from Princeton University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 37.79 7.31 8.17

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