U.S. News evaluated 54 High Yield Bond ETFs and 18 make our Best Fit list. Source: Bloomberg. Please note, this security will not be marginable for 30 days from the settlement date, at which time it will automatically become eligible for margin collateral. * The information presented does not involve the rendering of personalized investment, financial, legal, or tax advice. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting the iShares Fund and BlackRock Fund prospectus pages. WAL is the average length of time to the repayment of principal for the securities in the fund. Each year, our signature silk ties and carrying totes feature a whimsical depiction of a forward-looking investment trend. Returns reflect temporary contractual fee waivers and/or expense reimbursements. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-U.S. Index, FTSE EPRA/NAREIT Developed Europe Index or FTSE EPRA/NAREIT Global REIT Index; all rights vest in FTSE, NAREIT and EPRA.“FTSE®” is a trademark of London Stock Exchange Group companies and is used by FTSE under license. Although BlackRock shall obtain data from sources that BlackRock considers reliable, all data contained herein is provided “as is” and BlackRock makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. The performance data quoted represents past performance. Quotes delayed at least 15 minutes. Yield information reflects temporary waivers of expenses and/or fees. Investing involves substantial risk and high volatility, including possible loss of principal. The coupon and yields presented do not represent the performance of the Fund. Advice, rankings and one great story every day. The ACF Yield is the discount rate that equates the ETF's aggregate cash flows (i.e., the sum of the cash flows of the ETF's holdings) to a given ETF price. Achieving such exceptional returns involves the risk of volatility and investors should not expect that such results will be repeated. *Returns less than one year are not annualized. Financial stocks offer 'cyclical' exposure for income investors. Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Equity REITS Index, FTSE NAREIT All Residential Capped Index or FTSE NAREIT All Mortgage Capped Index; all rights vest in NAREIT. Beginning August 10, 2020, market price returns for BlackRock and iShares ETFs are calculated using the closing price and account for distributions from the fund. California Do Not Sell My Personal Information Request. During such time, the expense limitation is expected to continue until the Fund's Board of Trustees acts to discontinue all or a portion of such expense limitation. For a discussion of these criteria please call the SVO or refer to the Purposes and Procedures Manual of the NAIC Investment Analysis Office. Credit quality ratings on underlying securities of the fund are received from S&P, Moody’s and Fitch and converted to the equivalent S&P major rating category. For more information on Aggregate Cash Flow Yield, see info here. Before engaging Fidelity or any broker-dealer, you should evaluate the overall fees and charges of the firm as well as the services provided. Our list highlights the best passively managed funds for long-term investors. *, 3. NAIC Designations may be notched up or down to reflect the position of a specific liability in the issuer’s capital structure and/or the existence of other non-payment risk in the specific security. Below investment-grade is represented by a rating of BB and below. Spread of ACF Yield (4.84%) over 10.00 yr Treasury Yield (0.78%) As of 11/06/20 is + 406 bps. The index is designed to reflect the performance of U.S. dollar denominated, high yield corporate bonds that were previously rated investment grade. The VanEck Vectors® Fallen Angel High Yield Bond ETF (ANGL®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE US Fallen Angel High Yield 10% Constrained Index (H0CF), which is comprised of below investment grade corporate bonds denominated in U.S. dollars, issued in the U.S. domestic market and that were rated investment grade at the time of issuance. The best retirement funds offer investors both income and growth for a secure tomorrow. BLACKROCK, BLACKROCK SOLUTIONS, BUILD ON BLACKROCK, ALADDIN, iSHARES, iBONDS, iTHINKING, iSHARES CONNECT, FUND FRENZY, LIFEPATH, SO WHAT DO I DO WITH MY MONEY, INVESTING FOR A NEW WORLD, BUILT FOR THESE TIMES, the iShares Core Graphic, CoRI and the CoRI logo are registered and unregistered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Additional information about the sources, amounts, and terms of compensation can be found in the ETF’s prospectus and related documents. John Divine and Coryanne HicksJune 8, 2020. See Disclaimer. Rating is a proprietary composite of various rating agencies. ICE BofA rating is a proprietary composite of various rating agencies. Past performance is not a guarantee of future results. The IIV does not necessarily reflect the precise composition of the current portfolio of securities held by the Fund at a particular point in time or the best possible valuation of the current portfolio. 7When comparing ICE US Fallen Angel High Yield 10% Constrained Index and ICE BofA US High Yield Index. Ratings and portfolio credit quality may change over time. It has been a rough year for the energy sector, but there's still a place for these stocks in your portfolio. Mid-cap funds can offer the best of the attributes found in large-cap and small-cap indexes. Learn more. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. * Source: Barclays, iBoxx. Index returns assume that dividends have been reinvested. The after-tax returns shown are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. Typically, when interest rates rise, there is a corresponding decline in bond values. Distributions may vary from time to time.In the absence of temporary expense waivers or reimbursements, the 30-Day SEC Yield for VanEck Vectors Fallen Angel High Yield Bond ETF would have been 4.45% on 11/06/2020.The Distribution Yield is the annual yield an investor would receive if the most recent Fund distribution stayed the same going forward. Market data provided by Xignite. With the exception of BlackRock Index Services, LLC, who is an affiliate, BlackRock Investments, LLC is not affiliated with the companies listed above. Host Ed Lopez interviews a guest each week to discover new ways of thinking about the markets, investing, work and life. Securities and holdings may vary. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. A bond must be rated by two or more rating agencies to receive a composite rating; otherwise it is classified as Not Rated. These investment vehicles can offer impressive yields for income investors. The leadership team fosters a collaborative culture and ensures commitment to our mission of empowering Investors through forward-looking, intelligently designed investment solutions. Exchange-traded funds differ from mutual funds. Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. VanEck®, VanEck Vectors®, VanEck Access the opportunities®, and the stylized VanEck design® are trademarks of Van Eck Associates Corp. VanEck Vectors Fallen Angel High Yield Bond ETF. © 2020 VanEck. The licensee's products have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by ICE Data. These funds fit investors who want a simple approach and leave the management to a pro. Trends with Benefits is a podcast by VanEck with a forward-looking perspective. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. With over $150B of new fallen angel high yield bonds through September, 2020 is already a record year, and we expect an additional $100B to $125B of additional volume for the remainder of the year. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. Environmental, social and corporate governance mutual funds let investors do good while growing wealth. Bonds and bond funds will decrease in value as interest rates rise. From February 28, 2020 forward, the index data reflects that of the Fund's underlying index, the ICE US Fallen Angel High Yield 10% Constrained Index (H0CF). At VanEck, we strive to offer investors competitive investment solutions. Inclusion of Sustainability Characteristics is not indicative of a fund’s investment objective, nor is it an implication that a fund employs an ESG-related portfolio management strategy. It is based on the most recent 30-day period. Sustainability Characteristics are displayed for funds included in the MSCI ESG Fund Ratings. This breakdown is provided by BlackRock and takes the median rating of the three agencies when all three agencies rate a security, the lower of the two ratings if only two agencies rate a security, and one rating if that is all that is provided. This duration measure is appropriate for bonds with embedded options. Bloomberg Barclays US High Yield Fallen Angel 3% Capped Index. Investors should seek such professional advice for their particular situation and jurisdiction. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.