ANGL

VanEck Fallen Angel High Yield Bond ETF

$29.17

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The VanEck Fallen Angel High Yield Bond ETF (ANGL) seeks to track the performance of the ICE BofA US Fallen Angel High Yield Index, which is composed of below investment grade corporate bonds that were previously rated investment grade.

Overview

ETF tracking VanEck Fallen Angel High Yield Bond ETF

Category High Yield

Issuer VanEck

Inception Date 2019-12-11

Market Cap $3.0B

Average Volume N/A

Dividend Yield 5.19%

52-Week Range $27.29 - $29.73

VWAP $29.21

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests primarily in 'fallen angel' bonds, which are bonds that were previously rated investment grade but have since been downgraded to below investment grade. The fund aims to provide exposure to this segment of the high yield bond market.

✨ Key Features

Focuses on 'fallen angel' high yield bonds that were previously investment grade
Seeks to track the ICE BofA US Fallen Angel High Yield Index
Potentially offers higher yields than traditional investment grade bonds
Diversified portfolio of below investment grade corporate bonds

⚠️ Primary Risks

High yield/junk bond risk - Fallen angel bonds carry a higher risk of default compared to investment grade bonds
Interest rate risk - Bond prices may decline as interest rates rise
Credit risk - The creditworthiness of the bond issuers may deteriorate
Liquidity risk - Lower liquidity in the high yield bond market

👤 Best For

This ETF may be suitable for investors seeking exposure to the higher-yielding fallen angel segment of the high yield bond market as part of a diversified fixed income allocation. Investors should have a higher risk tolerance and longer investment horizon to withstand the volatility associated with high yield bonds.