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VanEck Fallen Angel High Yield Bond ETF
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| 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. |
| Category | Corporate |
| Fund Sponsor | Van Eck Associates Corp |
| Website | www.vaneck.com |
| Inception date | Apr 10, 2012 |
| Assets (mns) | $2,995 |
| Currency | USD |
| Expense ratio | 35 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | Bank of New York Mellon/The |
| Weighting | Market Cap |
| Index replication | Optimized |
| No. of constituents | 170 |
| No of distinct issuers | 78 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 9% /91% |
| Non-standard maturity (callable, etc.) | 80% |
| SPRINT CAPITAL CORP. 6.9% 11/15/28 | 2.4 % |
| SPRINT CAPITAL CORP. 8.8% 3/15/32 | 2.2 % |
| INTESA SANPAOLO S.P.A 5.0% 6/26/24 | 1.9 % |
| FREEPORT-MCMORAN, INC 3.9% 3/15/23 | 1.8 % |
| FREEPORT-MCMORAN, INC 3.6% 3/01/22 | 1.8 % |
| FREEPORT-MCMORAN, INC 5.5% 3/15/43 | 1.6 % |
| GOLDMAN SACHS CAPITAL 6.3% 2/15/34 | 1.4 % |
| EMBARQ CORP. 8.0% 6/01/36 | 1.4 % |
| DEUTSCHE BANK AKTIENG 4.5% 4/01/25 | 1.3 % |
| DEUTSCHE BANK AKTIENG 4.3% 5/24/28 | 1.3 % |
| TOTAL | 17.1 % |
|---|
| FORD MOTOR CREDIT COMPANY LLC | 5.6% |
| FIRSTENERGY CORP. | 4.7% |
| LAS VEGAS SANDS CORP. | 4.5% |
| TELECOM ITALIA CAPITAL SA | 4.0% |
| APACHE CORPORATION | 3.4% |
 |
UNITED STATES | 76.4 % |
 |
LUXEMBOURG | 4.0 % |
 |
CANADA | 3.0 % |
 |
CAYMAN ISLANDS | 2.4 % |
 |
IRELAND | 2.4 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 1.8% | 10.6% | 5.4% | 6.1% | 6.8% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 1.15 | 72% |
| S&P500 | 0.46 | 72% |
| MSCI EAFE | 0.49 | 74% |
| MSCI Emg. Mkts. | 0.37 | 46% |
| Recent close | $28.63 |
| 30d moving avg. | $27.93 |
| Annualized volatility | 9.7% |
| Short interest (ETF) | 0.5% |
| Relative strength (RSI) | 80 |
| Avg. volume (thou.) | 1,766 |
| Avg. daily value traded (mns) | $51 |
| Turnover | 1.7% |
| Bid/Ask (% of price) | 0.04 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| ANGL | 5.4 yrs | Category Avg.* |
4.6 yrs |
| ANGL | 5.2% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 9.93% | -16.9% | $23.79 |
| +200 bp | 8.93% | -11.0% | $25.49 |
| +150 bp | 8.43% | -8.1% | $26.30 |
| +100 bp | 7.93% | -5.3% | $27.10 |
| +75 bp | 7.68% | -4.0% | $27.49 |
| +50 bp | 7.43% | -2.6% | $27.87 |
| +25 bp | 7.18% | -1.3% | $28.25 |
| 0 bp | 6.93% | 0% | $28.63 |
| -25 bp | 6.68% | 1.3% | $29.00 |
| -50 bp | 6.43% | 2.6% | $29.36 |
| -75 bp | 6.18% | 3.8% | $29.72 |
| -100 bp | 5.93% | 5.1% | $30.08 |
| -150 bp | 5.43% | 7.5% | $30.77 |
| -200 bp | 4.93% | 9.8% | $31.45 |
| -300 bp | 3.93% | 14.3% | $32.74 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
693 | bp |
| Less: Annual "default factor" |
144 | bp |
| Less: Expense ratio | 35 | bp |
| Equals: ALTAR Score | 5.14 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 3.5% |
| Corporate | 4.4% |
| Emerging Market | 6.2% |
| Government | 4.9% |
| Inflation Protected | 3.0% |
| Mortgage | 5.2% |
| Municipals | 3.4% |
| *Note: The VanEck Fallen Angel High Yield Bond ETF is classified as a Corporate fund. | |