ANGL – VanEck Fallen Angel HiYld Bd ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of ICE U.S. Fallen Angel High Yield 10% Constrained Index (the "Fallen Angel Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of below investment grade corporate bonds denominated in U.S. dollars that were rated investment grade at the time of issuance. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
ANGL	VanEck Fallen Angel High Yield Bond ETF	ETF	Open			Apr 10, 2012	$3.02B	0.250%	—	—	−$15.63M

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