VanEck Fallen Angel High Yield Bond ETF
$27.62−0.07 (−0.27%)
- 0.25%
- $3.0B
- +1.2%
- 6.90%
- 0.8M sh
- $27.66
- low $27.45high $29.78
The ETF.net ANGL Grade
A
Score 71 out of 100
- 18 of 85
Score 71 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A79 out of 100Rank 18 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.A93 out of 100Rank 31 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D28 out of 100Rank 79 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A89 out of 100Rank 2 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D32 out of 100Rank 72 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A83 out of 100Rank 10 of 85
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
- 133
- 21%
- Nissan Motor Co Ltd
Sectors
- Financials100.0%
Geography
- United States82.43%
- Japan3.83%
- Canada3.59%
- Luxembourg3.43%
- United Kingdom3.40%
- Ireland1.54%
- Cayman Islands0.95%
- Switzerland0.84%
ANGL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
ANGL$10,118
Returns run to the Oct 12, 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 | −0.9% |
| 1 month | −2.3% |
| 3 months | −3.0% |
| 1 year | +1.2% |
| 3 years | +7.9% |
| 5 years | +2.4% |
| 10 years | +5.0% |
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 | −0.9% | |
| 2025 | +9.1% | |
| 2024 | +6.1% | |
| 2023 | +12.5% | |
| 2022 | −14.3% | |
| 2021 | +6.8% | |
| 2020 | +13.2% |
ANGL in the news
ANGL Dividends
- 6.90%
- $1.91
- $0.16 per share
- Monthly
Distribution history
ANGL Risk
- 6.1%
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.
- 0.48
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
0.25%
ANGL0.25%
- The middle half of US High Yield funds
- Median 0.43%
17 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- AHYGVNorthern Trust High Yield Value-Scored Bond ETFExpense ratio 0.38%1 year return +3.0%
- AHYDWXtrackers Low Beta High Yield Bond ETFExpense ratio 0.20%1 year return +3.3%
- AFLHYFranklin High Yield Corporate ETFExpense ratio 0.40%1 year return +3.6%
- AVCHYVanguard Malvern Funds - Vanguard U.S. High-Yield Corporate Bond Index ETFExpense ratio 0.05%1 year return —
- AFALNiShares Fallen Angels USD Bond ETFExpense ratio 0.25%1 year return +1.3%