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Vaneck Fallen Angel High Yield Bond Etf
29.12
-0.16 (-0.55%)
Last Update: 01 Jul 2025 23:15:00
Yesterday: 29.28
Day's Range: 29.1 - 29.15
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When Written:
27.88
VanEck Fallen Angel High Yield Bond ETF is an exchange-traded fund that invests in high-yield bonds that were previously investment-grade but have since been downgraded to junk status. These bonds are referred to as "fallen angels." The ETF seeks to provide exposure to the high-yield bond market while mitigating some of the risks associated with investing in lower-rated debt.
The ETF tracks the ICE BofAML US Fallen Angel High Yield Index, which includes U.S. dollar-denominated bonds issued by companies with at least $1 billion in outstanding face value and that were rated investment-grade at the time of issuance. The index is market-value weighted and rebalanced on a monthly basis.
As of August 2021, the VanEck Fallen Angel High Yield Bond ETF had assets under management of over $4.5 billion and an expense ratio of 0.35%. The ETF has a distribution yield of around 4.5% and has historically provided higher returns than traditional high-yield bond funds due to the potential for price appreciation as the fallen angels are upgraded back to investment-grade status. However, the ETF also carries higher credit risk and volatility than investment-grade bond funds.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
The ETF tracks the ICE BofAML US Fallen Angel High Yield Index, which includes U.S. dollar-denominated bonds issued by companies with at least $1 billion in outstanding face value and that were rated investment-grade at the time of issuance. The index is market-value weighted and rebalanced on a monthly basis.
As of August 2021, the VanEck Fallen Angel High Yield Bond ETF had assets under management of over $4.5 billion and an expense ratio of 0.35%. The ETF has a distribution yield of around 4.5% and has historically provided higher returns than traditional high-yield bond funds due to the potential for price appreciation as the fallen angels are upgraded back to investment-grade status. However, the ETF also carries higher credit risk and volatility than investment-grade bond funds.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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