VanEck’s Fallen Angel High Yield Bond ETF (ANGL) Increases Exposure to Higher Rated, Deeply Discounted Bonds as Downgrades Increase
VanEck recently completed the monthly rebalance for its VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) which 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.
- VanEck recently completed the monthly rebalance for its VanEck Vectors Fallen Angel High Yield Bond ETF (ANGL) which 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.
- ANGL is the first and largest ETF to focus on the fallen angel universe of high yield bonds.
- Fallen angels, which are high yield bonds that have been downgraded from investment-grade to junk status, historically have higher credit quality and may be better poised for a rebound than other corners of the junk bond marketplace.
- Following this most recent rebalancing of ANGL and its underlying index, more than 90% of the funds holdings are now rated BB, the highest rating within high yield.