Skip to content

VanEck Fallen Angel High Yield Bond ETF

ANGLNasdaqVanEckB

$27.54+0.04 (+0.16%)

As of Nov 3, 2026, 3:15 PM ET

Intraday session: up, 70 prints from 27.49 to 27.54. Range 27.48 to 27.55. Use the arrow keys to read each point.27.5027.5127.5227.5510 AM12 PM2 PM4 PM
Expense ratio
0.25%
Fund size
$2.98B
1Y total return
0.0%
Yield · Last 12 months
7.56%
Holdings
132
Avg volume · 30D
905K sh
52W range
low $27.25high $29.78
Launched
Filings
SEC EDGAR

The ETF.net ANGL Grade

B

Score 70 out of 100

Rank
20 of 85
Six-pillar profile for ANGL. Scores out of 100: Cost 79, Risk 21, Mission 99, Tradability 78, Holdings 33, Durability 83. Strongest: Mission (99). Weakest: Risk (21). Leans toward Mission.

Score 70 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. The letter stays B for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A79 out of 100
    Rank 18 of 85
  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A99 out of 100
    Rank 19 of 77
  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F21 out of 100
    Rank 80 of 85
  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A78 out of 100
    Rank 11 of 85
  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D33 out of 100
    Rank 71 of 85
  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A83 out of 100
    Rank 10 of 85

Our read on ANGL

ETF.net Research

In short

BJunk 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.

Stated mandate

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

Asset class
Other
Holdings
132
Top-10 weight
21%
Largest holding
Nissan Motor Co Ltd3.8%

Geography

  • United States82.16%
  • Japan3.85%
  • Canada3.65%
  • Luxembourg3.48%
  • United Kingdom3.44%
  • Ireland1.60%
  • Cayman Islands0.97%
  • Switzerland0.85%
The fund’s holdings, weight-ordered — page 1 of 9.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataNissan Motor Co Ltd3.81%124,719,000$114M42
2No dataVodafone Group Plc3.40%99,762,000$102M30
3No dataEntegris Inc2.62%79,825,000$78.2M35
4No dataCelanese Us Holdings Llc1.81%49,875,000$54.1M38
5No dataDresdner Funding Trust I1.80%49,873,000$53.8M10
6No dataCelanese Us Holdings Llc1.80%49,880,000$53.6M37
7No dataCelanese Us Holdings Llc1.76%49,875,000$52.6M38
8No dataCoty Inc/Hfc Prestige Products Inc/Hfc1.47%44,900,000$43.9M44
9No dataResorts World Las Vegas Llc / Rwlv Capi1.43%49,909,000$42.5M16
10No dataPacificorp1.41%42,400,000$42.2M32
11No dataCelanese Us Holdings Llc1.32%37,216,000$39.5M40
12No dataCelanese Us Holdings Llc1.32%37,425,000$39.3M34
13No dataPerrigo Finance Unlimited Co1.23%37,412,000$36.7M33
14No dataParamount Global1.22%42,500,000$36.4M49
15No dataHuntsman International Llc1.20%37,416,000$35.7M35

Showing 1–15 of 132 holdings

ANGL Performance

Launched Apr 10, 2012

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

ANGL$10,002
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. ANGL $10,002. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 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.

Trailing total return for ANGL. Periods over one year show the average yearly return.
PeriodANGL
Year to date−1.0%
1 month+0.3%
3 months−2.7%
1 year0.0%
3 yearsper year+7.0%
5 yearsper year+2.1%
10 yearsper year+5.2%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ANGL
YearReturn barANGL
2026 YTD−1.0%
2025+9.1%
2024+6.1%
2023+12.5%
2022−14.3%
2021+6.8%
2020+13.2%

ANGL in the news

Filtered to ANGL · US High Yield

ANGL Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
7.56%Last 12 months
Payout per share
$2.08Last 12 months
Upcoming payment
$0.17 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 46 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.12; Mar 1, 2023 $0.10; Apr 3, 2023 $0.13; May 1, 2023 $0.11; Jun 1, 2023 $0.13; Jul 3, 2023 $0.13; Aug 1, 2023 $0.13; Sep 1, 2023 $0.13; Oct 2, 2023 $0.14; Nov 1, 2023 $0.14; Dec 1, 2023 $0.12; Dec 27, 2023 $0.14; Feb 1, 2024 $0.14; Mar 1, 2024 $0.14; Apr 1, 2024 $0.15; May 1, 2024 $0.15; Jun 3, 2024 $0.16; Jul 1, 2024 $0.15; Aug 1, 2024 $0.16; Sep 3, 2024 $0.15; Oct 1, 2024 $0.14; Nov 1, 2024 $0.16; Dec 2, 2024 $0.15; Dec 27, 2024 $0.16; Feb 3, 2025 $0.16; Mar 3, 2025 $0.14; Apr 1, 2025 $0.16; May 1, 2025 $0.15; Jun 2, 2025 $0.15; Jul 1, 2025 $0.14; Aug 1, 2025 $0.16; Sep 2, 2025 $0.15; Oct 1, 2025 $0.15; Nov 3, 2025 $0.16; Nov 28, 2025 $0.15; Dec 29, 2025 $0.16; Feb 2, 2026 $0.16; Mar 2, 2026 $0.14; Apr 1, 2026 $0.17; May 1, 2026 $0.16; Jun 1, 2026 $0.15; Jul 1, 2026 $0.17; Aug 3, 2026 $0.17; Sep 1, 2026 $0.16; Oct 1, 2026 $0.16; Nov 2, 2026 $0.17. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 5, 2026$0.17
Oct 1, 2026Oct 6, 2026$0.16
Sep 1, 2026Sep 4, 2026$0.16
Aug 3, 2026Aug 6, 2026$0.17
Jul 1, 2026Jul 7, 2026$0.17
Jun 1, 2026Jun 4, 2026$0.15
May 1, 2026May 6, 2026$0.16
Apr 1, 2026Apr 7, 2026$0.17
Mar 2, 2026Mar 5, 2026$0.14
Feb 2, 2026Feb 5, 2026$0.16
Dec 29, 2025Dec 31, 2025$0.16
Nov 28, 2025Dec 3, 2025$0.15

See all 174 payments⁠

$10,000 in ANGL 10 years ago paid $5,497 in dividends.⁠

ANGL Risk

How much the fund’s monthly returns vary, scaled to a year.
6.1%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.53
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−19.3%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.80
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

ANGL Cost

Overpaying vs SCYB, cheapest in US High Yield

$4,521

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ANGL 0.25%

    $5,159

  • SCYB 0.03% Cheapest

    $638

$10,000
30 years

Cost over time

  • ANGL 0.25%
  • SCYB 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530ANGL $5,159SCYB $638

Year by year

YearANGLSCYBOverpaying
10$455$55$400
20$1,769$216$1,553
30$5,159$638$4,521

Other funds in US High Yield