(ANGL) Fallen Angel High Yield Bond - Overview
ETF Category: High Yield Bond | Exchange: NASDAQ (USA) | Market Cap: 3.085m USD | Total Return: 7.7% in 12m
Avg Turnover: 16.8M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The VanEck Fallen Angel High Yield Bond ETF (ANGL) tracks an index of U.S. dollar-denominated corporate bonds that have been downgraded from investment grade to high-yield status. By mandate, the fund invests at least 80% of its assets in these fallen angels, which typically possess higher average credit quality than the broader high-yield market due to their origins as investment-grade debt.
The fallen angel sector often benefits from a price recovery effect, as securities frequently experience significant selling pressure immediately following a downgrade before stabilizing. This strategy focuses on issuers that may have temporary financial distress but maintain the structural characteristics of larger, formerly blue-chip corporations. Detailed historical performance metrics for these credit cycles are available on ValueRay for further review.
- Corporate credit rating downgrades increase supply of attractively priced fallen angel bonds
- Narrowing spreads between high yield and investment grade debt reduces relative returns
- Federal Reserve interest rate policy shifts impact underlying par values of fixed-income holdings
- Default rates among sub-investment grade issuers affect overall portfolio net asset value
- Broad economic growth trends dictate the credit quality recovery of downgraded corporate issuers
As of June 07, 2026, the stock is trading at USD 28.94 with a total of 826,021 shares traded.
Over the past week, the price has changed by -0.47%,
over one month by -0.06%,
over three months by +0.68% and
over the past year by +7.71%.
Fallen Angel High Yield Bond has no consensus analysts rating.