Description

The VanEck Fallen Angel High Yield Bond ETF (ANGL) endeavors to closely replicate the overall financial return, including both price changes and income generation, of the ICE US Fallen Angel High Yield 10% Constrained Index (H0CF), prior to accounting for the fund's operational costs. This ETF primarily invests in corporate debt securities known as "fallen angels," which are bonds that were initially issued with an investment-grade rating but have since been downgraded to below investment-grade status. All such bonds are issued by U.S. corporations, traded within the U.S. domestic market, and are denominated in U.S. dollars.