VanEck Global Fallen Angel High Yield Bond ETF

The VanEck Global Fallen Angel High Yield Bond ETF is an exchange-traded fund that focuses on "fallen angel" bonds, which are bonds that were initially issued with investment-grade ratings but have since been downgraded to high-yield, or "junk" status. The primary function of the ETF is to provide investors with exposure to potentially undervalued high-yield corporate bonds that have been downgraded from investment grade. This ETF is comprised of a diversified portfolio that spans various sectors and industries, striking a balance between risk and yield potential. Its significance lies in its targeted strategy that seeks to capitalize on bond market inefficiencies where downgraded bonds might rebound to higher credit ratings and therefore increase in value. The VanEck Global Fallen Angel High Yield Bond ETF plays a unique role in the financial markets by offering access to a distinctive niche within the high-yield asset class, catering to those interested in strategic bond investing beyond traditional high-yield bonds.