VanEck Fallen Angel High Yield Bond ETF (ANGL) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 0.74: the stock has moved about 26% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerVanEck Fallen Angel High Yield Bond ETF (ANGL) trades at $27.61. VanEck Fallen Angel High Yield Bond ETF (ANGL) aims to replicate the ICE US Fallen Angel High Yield 10% Constrained Index (H0CF). Sector: Financials.
Price as of · Last analyzed: Mar 17, 2026Analyst Coverage for ANGL: ANGL does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
VanEck Fallen Angel High Yield Bond ETF (ANGL) Financial Services Profile
VanEck Fallen Angel High Yield Bond ETF (ANGL) provides exposure to U.S. dollar-denominated high yield corporate bonds, focusing on 'fallen angels'—bonds downgraded from investment grade. With a beta of 0.74 and a $3.17 billion market cap, ANGL offers a targeted approach within the asset management sector by tracking the ICE US Fallen Angel High Yield 10% Constrained Index.
What Is the Investment Thesis for ANGL?
VanEck Fallen Angel High Yield Bond ETF (ANGL) presents a targeted investment opportunity within the high yield fixed income space. With a market capitalization of $3.17 billion, ANGL offers exposure to bonds that have transitioned from investment grade to high yield. A key value driver is the potential for capital appreciation as these 'fallen angel' bonds recover from initial undervaluation following their downgrade. Growth catalysts include periods of economic recovery and improved credit market sentiment, which can lead to increased demand for high yield bonds. The fund's strategy of tracking the ICE US Fallen Angel High Yield 10% Constrained Index (H0CF) provides a structured approach to this segment. Potential risks include economic downturns, which could increase default rates among high yield issuers, and interest rate fluctuations, which can impact bond prices. The fund's beta of 0.74 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
ANGL Key Highlights
ANGL's investment strategy focuses on 'fallen angel' bonds, offering a differentiated approach within the high yield market.
- The fund tracks the ICE US Fallen Angel High Yield 10% Constrained Index (H0CF), providing a rules-based approach to portfolio construction.
- ANGL's market capitalization stands at $3.17 billion, reflecting its significance in the fallen angel bond ETF space.
- The ETF's beta of 0.74 indicates lower volatility compared to the broader market, potentially appealing to risk-averse investors.
- ANGL's performance is closely tied to credit market conditions and the performance of its underlying high yield bond holdings.
Who Are ANGL's Competitors?
ANGL is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| ILCG iShares Morningstar Growth ETF | $119.83 | +0.91% | $3.37B | — |
| IMCG iShares Morningstar Mid-Cap Growth ETF | $95.72 | +1.03% | $3.97B | — |
| ITB iShares U.S. Home Construction ETF | $86.64 | -0.84% | $1.98B | — |
| KRE State Street SPDR S&P Regional Banking ETF | $70.39 | -0.55% | $3.56B | — |
| NLR VanEck Uranium and Nuclear ETF | $103.73 | +0.96% | $2.48B | — |
| BLK BlackRock, Inc. | $1066.45 | +0.64% | $165B | — |
| BX Blackstone Inc. | $112.52 | +0.69% | $136B | — |
| APOS Apollo Global Management, Inc. | $25.59 | 0.00% | $74.8B | — |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ANGL's Key Strengths?
Targeted exposure to fallen angel bonds.
- Rules-based index tracking.
- Relatively low beta compared to the broader market.
- Established presence in the ETF market.
What Are ANGL's Weaknesses?
Concentration risk in the high yield bond market.
- Sensitivity to credit market conditions.
- Dependence on the performance of the underlying index.
- Potential for underperformance during economic downturns.
What Are the Key Risks for ANGL?
Economic downturns increasing default rates among high yield issuers.
- Interest rate hikes negatively impacting bond prices.
- Credit spread widening reducing the value of high yield bonds.
- Regulatory changes affecting the high yield bond market.
What Are ANGL's Competitive Advantages?
- Specialized focus on fallen angel bonds differentiates it from broader high yield ETFs.
- Rules-based index tracking provides transparency and predictability.
- Established brand recognition within the ETF market.
- Economies of scale in managing a large ETF portfolio.
What Does ANGL Do?
VanEck Fallen Angel High Yield Bond ETF (ANGL) was created to provide investors with targeted exposure to the high yield corporate bond market, specifically focusing on bonds that were initially rated as investment grade and subsequently downgraded to below investment grade, often referred to as 'fallen angels.' The fund seeks to replicate, before fees and expenses, the price and yield performance of the ICE US Fallen Angel High Yield 10% Constrained Index (H0CF). This index comprises U.S. dollar-denominated corporate bonds issued in the U.S. domestic market that were rated investment grade at the time of issuance. ANGL's strategy is predicated on the belief that fallen angel bonds may offer attractive risk-adjusted returns due to potential undervaluation following their downgrade. The fund's investment approach involves holding a diversified portfolio of these bonds, subject to the index's constraints, which include a 10% issuer cap to mitigate concentration risk. By focusing on fallen angels, ANGL distinguishes itself from broader high yield bond ETFs that may include bonds never rated investment grade. The ETF's performance is closely tied to the creditworthiness and market sentiment surrounding the underlying bonds, making it sensitive to economic cycles and credit market conditions. As of 2026, ANGL continues to serve as a specialized tool for investors seeking exposure to this niche segment of the fixed income market.
What Products and Services Does ANGL Offer?
- Replicates the ICE US Fallen Angel High Yield 10% Constrained Index.
- Invests in U.S. dollar-denominated high yield corporate bonds.
- Focuses on bonds that were initially rated investment grade.
- Provides exposure to the 'fallen angel' segment of the bond market.
- Offers a rules-based approach to high yield bond investing.
- Manages a diversified portfolio of fallen angel bonds.
How Does ANGL Make Money?
- Generates revenue through management fees charged on assets under management (AUM).
- Aims to provide investors with exposure to the high yield bond market.
- Seeks to track the performance of the ICE US Fallen Angel High Yield 10% Constrained Index.
What Industry Does ANGL Operate In?
VanEck Fallen Angel High Yield Bond ETF (ANGL) operates within the asset management industry, specifically focusing on fixed income ETFs. The high yield bond market, including the fallen angel segment, is influenced by macroeconomic factors, interest rate movements, and credit spreads. The competitive landscape includes broader high yield bond ETFs and actively managed funds, such as ILCG, IMCG, ITB, KRE, and NLR, each with varying investment strategies and risk profiles. ANGL distinguishes itself by targeting bonds that were initially investment grade, potentially offering a different risk-return profile compared to funds that include bonds never rated investment grade.
Who Are ANGL's Key Customers?
- Retail investors seeking high yield bond exposure.
- Institutional investors looking for diversified fixed income strategies.
- Financial advisors using ETFs in client portfolios.
- Wealth management firms seeking income-generating assets.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is an etf, not an operating company
MoonshotScore History
Recorded daily since 2026-08-23 · 42 snapshots
| 2026-08-23 | 44 |
| 2026-08-31 | 44 |
| 2026-09-08 | 44 |
| 2026-09-16 | 44 |
| 2026-09-24 | 44 |
| 2026-10-04 | 44 |
| 2026-10-05 | 44 |
What changed?
The score has stayed at 44.
Over the same 30 days the stock moved -4.1%.
ANGL Financials
Bull Case vs Bear Case
Bull Case
- Targeted exposure to fallen angel bonds.
- Rules-based index tracking.
- Relatively low beta compared to the broader market.
- Established presence in the ETF market.
Bear Case
- Concentration risk in the high yield bond market.
- Sensitivity to credit market conditions.
- Dependence on the performance of the underlying index.
- Potential for underperformance during economic downturns.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
ANGL Latest News
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Kushner and Witkoff’s blind amateurism
International homepage · Sep 9, 2026
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Ferguson Shapiro LLC Buys New Holdings in VanEck Fallen Angel High Yield Bond ETF $ANGL
defenseworld.net · Aug 10, 2026
ANGL Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for ANGL.
Price Targets
Wall Street price target analysis for ANGL.
ANGL MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for ANGL; grades run from A+ (80-100) to F (below 30).
ETFs that hold ANGL
Funds in our ETF coverage that list ANGL among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.
| ETF | Weight | Holdings as of |
|---|---|---|
| IDX Dynamic Fixed Income ETF (DYFI) | 19.21% |
ANGL Financials Stock FAQ
What are the main risks for ANGL?
The primary risks associated with VanEck Fallen Angel High Yield Bond ETF (ANGL) include credit risk, interest rate risk, and market risk. Credit risk refers to the potential for issuers of the underlying bonds to default on their debt obligations, which could lead to losses for the fund.
How sensitive is ANGL to interest rate changes?
ANGL's sensitivity to interest rate changes is moderate, as reflected in its duration. Duration measures the expected change in a bond's price for a 1% change in interest rates. Since ANGL invests in high yield bonds, its price is also influenced by credit spreads, which reflect the perceived riskiness of the underlying issuers.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- The analysis is based on publicly available information and may not reflect all relevant factors.