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ANGL - Higher Quality High Yield

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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.

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 01/15/21

  • 30-Day SEC Yield1

    3.46%

  • Total Net Assets

    $4.2B

  • Number of Holdings

    341

  • Options

    Available

  • Gross Expense Ratio2

    0.43%

  • Net Expense Ratio/TER2

    0.35%

  • Distribution Frequency

    Monthly
Schedule a Call
Why Invest?
How to Buy

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 01/15/21

  • Yield to Worst

    3.67%

  • Yield to Maturity

    3.78%

  • Effective Duration (yrs)

    6.49

  • Years to Maturity

    9.62

  • Coupon

    5.12%
 4 See Important Disclosure for definitions.

Top 10 Constituents (%) as of 12/31/20

Total Constituents: 328
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full data
Constituent Name
Coupon
Maturity Weighting (%)
Carnival Corp
0.000
04/01/2023
1.88
Sprint Capital Corp
6.875
11/15/2028
1.30
Kraft Heinz Foods Co
0.000
06/01/2046
1.28
Sprint Capital Corp
8.750
03/15/2032
1.27
Occidental Petroleum Cor
0.000
08/15/2024
1.16
Royal Caribbean Cruises
0.000
06/01/2025
1.12
Vodafone Group Plc
0.000
04/04/2079
1.00
Kraft Heinz Foods Co
0.000
07/15/2045
0.96
Ford Motor Company
7.450
07/16/2031
0.93
Freeport-Mcmoran Inc
5.450
03/15/2043
0.93
Top 10 Total (%) 11.83
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

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

  • Country

    % of Net Assets
  • ■

    United States

    84.05
  • ■

    Canada

    4.62
  • ■

    Italy

    3.05
  • ■

    United Kingdom

    2.42
  • ■

    Germany

    1.91
  • ■

    France

    1.61
  • ■

    Luxembourg

    1.57
  • ■

    Finland

    0.26
  • ■

    Australia

    0.19
  • ■

    Puerto Rico

    0.16
  • ■

    Ireland

    0.15

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

  • Sector

    % of Net Assets
  • ■

    Energy

    28.6
  • ■

    Consumer, Cyclical

    22.4
  • ■

    Consumer, Non-cyclical

    11.4
  • ■

    Financial

    8.9
  • ■

    Communications

    7.9
  • ■

    Basic Materials

    7.8
  • ■

    Utilities

    6.1
  • ■

    Technology

    3.7
  • ■

    Industrial

    3.1

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

Composite % of Net Assets
Non-Investment Grade BB 94.56
B 3.96
CCC 1.29
C 0.19
Total Non-Investment Grade -- 100.00
Not Rated -- --
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.

Maturity (%) as of 12/31/20

 Average Maturity: 9.64 Years