VanEck Fallen Angel High Yield Bond ETF
$28.34−0.22 (−0.79%)
- Expense ratio
- 0.25%
- Fund size
- $3.2B
- 1Y return
- +2.5%
- Yield · Last 12 months
- 6.64%
- Holdings
- 131
- Volume · 30D
- 0.7M sh
- NAV per share
- $28.55
- 52W range
The ETF.net ANGL Grade
Score 73 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 79Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 29Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 88Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 33Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 84Category rank
Our read on ANGL
AJunk bonds with a pedigree. ANGL holds US dollar corporate bonds that were investment grade at issue and got downgraded later, a rules-based slice of high yield running since 2012 at a quarter-percent fee.
The fund seeks to track the price and yield performance of an index of U.S.-dollar corporate bonds that were investment grade when issued but later became below investment grade.
Why people hold it
- Owns bonds that were investment grade when issued and later fell below it, so the portfolio is the demoted crowd rather than debt born as junk.
- Costs 0.25% a year, well under the 0.40% median for high-yield bond ETFs.
- Tracks its ICE fallen angel index closely, trades actively, and pays monthly.
- Live since 2012 and now a multi-billion-dollar fund, giving the strategy a long real-world record instead of a backtest.
Worth knowing
- A narrow corner of high yield, roughly 130 bonds, so one wave of downgrades can tilt the mix toward a single sector or issuer.
- Broad high-yield beta is cheaper: SCYB, SPHY and USHY all charge under a tenth of a percent.
- Everything inside is below investment grade, so prices react to default worries and interest rate moves.
ANGL Holdings
- Other
- 131
- 22%
- Nissan Motor Co Ltd
Sectors
- Financials100.0%
Geography
- United States79.20%
- Japan6.74%
- Luxembourg3.79%
- Canada3.59%
- United Kingdom3.36%
- Ireland1.56%
- Cayman Islands0.95%
- Switzerland0.82%
ANGL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ANGL |
|---|---|
| Year to date | +1.6% |
| 1 month | −1.0% |
| 3 months | −0.4% |
| 1 year | +2.5% |
| 3 years | +8.1% |
| 5 years | +2.6% |
| 10 years | +5.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ANGL |
|---|---|---|
| 2026 YTD | +1.6% | |
| 2025 | +9.1% | |
| 2024 | +6.1% | |
| 2023 | +12.5% | |
| 2022 | −14.3% | |
| 2021 | +6.8% | |
| 2020 | +13.2% |
ANGL in the news
ETF.net Research hasn’t filed on ANGL yet — coverage lands here as it’s written.
ANGL Dividends
- 6.64%
- $1.90
- $0.16 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.16 |
| Aug 3, 2026 | Aug 6, 2026 | $0.17 |
| Jul 1, 2026 | Jul 7, 2026 | $0.17 |
| Jun 1, 2026 | Jun 4, 2026 | $0.15 |
| May 1, 2026 | May 6, 2026 | $0.16 |
| Apr 1, 2026 | Apr 7, 2026 | $0.17 |
| Mar 2, 2026 | Mar 5, 2026 | $0.14 |
| Feb 2, 2026 | Feb 5, 2026 | $0.16 |
| Dec 29, 2025 | Dec 31, 2025 | $0.16 |
| Nov 28, 2025 | Dec 3, 2025 | $0.15 |
| Nov 3, 2025 | Nov 6, 2025 | $0.16 |
| Oct 1, 2025 | Oct 6, 2025 | $0.15 |
ANGL Risk
- 5.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.59
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.80
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ANGL Cost
- The middle half of US High Yield funds
- Median 0.43%
16 of the 84 US High Yield funds charge less.