VanEck Fallen Angel High Yield Bond ETF

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Key stats

Assets under management (AUM)
‪3.07 B‬USD
Fund flows (1Y)
‪226.84 M‬USD
Dividend yield (indicated)
5.36%
Discount/Premium to NAV
0.2%

About VanEck Fallen Angel High Yield Bond ETF

Issuer
Van Eck Associates Corp.
Brand
VanEck
Expense ratio
0.35%
Home page
Inception date
Apr 10, 2012
Index tracked
ICE BofA US Fallen Angel High Yield 10% Constrained
Management style
Passive
ISIN
US92189F4375
ANGL looks for value in the high-yield space by targeting fallen angels, bonds that are under duress or have been downgraded. The investment thesis is interesting. Credit downgrades can generate short-term downward pricing pressure. Future credit upgrade will compress the credit spread, which can lead to price appreciation. In combination, the strategy aims to buy low and sell high for maximum total returns. ANGL is limited to USD issues, but holds a sizable share of debt from non-US issuers. It also has a markedly high average maturity and duration, and thus carries significant interest-rate risk in addition to credit risk. Prior to February 28, 2020 the fund tracked the unconstrained index-- ICE BofAML US Fallen Angel High Yield Index.

Classification

Asset Class
Fixed income
Category
Corporate, broad-based
Focus
High yield
Niche
Broad maturities
Strategy
Fundamental
Weighting scheme
Market value
Selection criteria
Credit downgrade
What's in the fund
Exposure type
StocksBonds, Cash & Other
Corporate
Stocks5.91%
Communications3.11%
Finance2.80%
Bonds, Cash & Other94.09%
Corporate93.88%
Cash0.21%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy