ANGL

VanEck Vectors Fallen Angel High Yield Bond ETF

VanEck Vectors Fallen Angel High Yield Bond ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of The BofA Merrill Lynch US Fallen Angel High Yield Index.


5.2%

Current Yield

7.1 years

Macaulay Duration

5.3%

Yield to Maturity

Ba1

Median Quality

3.8%

ALTAR Score™
 
Fund Basics
Fund sponsorVan Eck Associates Corp
CategoryCorporate
Asset classFixed Income
Websitelink...
Inception dateApr 10, 2012
Assets (mns)$3,124
Expense ratio35 bp
Constituent Breakdown
No. of constituents321
No. of distinct issuers115
Coverage94%
Fixed/floating rate93% / 7%
Investment grade26%
Inflation protected0%
Non-standard maturity (callable, etc.)79%
Fund Structure
RegulationOpen-End Investment Company
DistributionsMonthly
Taxation1099
Bond selection
WeightingMarket Cap
Smart-betaNo
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
CARNIVAL CORPORATION 11.5% 01-APR-2023 2.1 %
SPRINT CAPITAL CORP. 6.875% 15-NOV-2028 1.5 %
SPRINT CAPITAL CORP. 8.75% 15-MAR-2032 1.4 %
KRAFT HEINZ FOODS CO. 4.375% 01-JUN-2046 1.4 %
ROYAL CARIBBEAN CRUISES LTD. 11.5% 01-JU 1.2 %
OCCIDENTAL PETROLEUM CORPORATION 2.9% 15 1.1 %
VODAFONE GROUP PLC NOTES 2019-04.04.79 G 1.1 %
ELECTRICITE DE FRANCE SA 5.25% PERP 1.0 %
KRAFT HEINZ FOODS CO. 5.2% 15-JUL-2045 1.0 %
NEWELL BRANDS INC 4.7% 01-APR-2026 1.0 %
Issuer Type Breakdown
Top Issuers
OCCIDENTAL PETROLEUM CORPORATION 9.2 %
FORD MOTOR CREDIT COMPANY LLC 7.3 %
KRAFT HEINZ FOODS CO. 6.8 %
FREEPORT-MCMORAN, INC. 3.0 %
SPRINT CAPITAL CORP. 2.8 %
Historical Performance


Standardized Annual Returns (as of 08/31/2020)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
5.3% 9.5% 8.2% 6.1% 8.9% -- 8.2%
Market Correlations
versus...BetaR-squared
S&P 5000.5464%
MSCI EAFE0.6066%
MSCI Emg Mkts0.4868%
Liquidity Measures
Avg. volume (000)1,271
Turnover0.0%
Avg. Bid/Ask (% of price)0.05%
ADV of underlying (mns)$0
Technical Indicators
Recent close$30.07
30d moving avg.$30.33
Annualized volatility11.8%
Relative strength (RSI)39
Short interest (ETF)0.2%
Short interest (underlying)0.0%
Distributions
Total Cost of Ownership Detail
  ANGL Difference
Fund expenses -- --
Bid/Ask spread -- --
Round-trip commission -- -- --
Total Cost of Ownership -- -- --

Total Cost of Ownership over Time


Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Credit Quality
Duration
Macaulay Duration
SHORT
MED.
LONG TERM

7.1 yrs


Modified Duration
  ◁ INSENSITIVE
EXTREMELY SENSITIVE ▷  

6.9%


Our analysis shows this fund is likely to be moderately sensitive to changes in interest rates

Interest Rate Sensitivity Analysis
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Yields
Disposition of YTM
Distribution Yield (Trailing 12 Months)

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ETF Research Center Fund Rating

The ALTAR Score™ is our measure of an ETF's overall investment merit. For fixed income funds, the Score is an estimate of risk-adjusted yield to maturity (calculation shown below). In effecient markets, the plot of ALTAR Scores™ vs. Duration should resemble the familiar yield curve. Funds that sit above the curve may offer better risk-adjusted returns than those that sit below the curve.


ALTAR Score™

ANGL

3.8%

Cat. Avg

1.5%

Fund Category: Corporate

Adj. Yield to Maturity-- bp
Less: Annual "default factor"-- bp
Less: Expenses35 bp
Equals: ALTAR Score™3.8%
ALTAR Score™ vs. Duration (Corporate Bond ETFs)

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Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
Today's Trading

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Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.