ANGL Fees and Costs — VanEck Fallen Angel High Yield Bond ETF
Data updated: 2026-09-25
The net expense ratio is 0.25%. There are no sales loads or redemption fees. Portfolio turnover was 52%.
ANGL Fees and Expenses
Annual operating expenses and sales charges of ANGL. Prospectus, as of September 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ANGL Costs Over Time
On $10,000 invested in ANGL, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.25%) | $26 | $83 | $144 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
ANGL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $4.4B
- Portfolio turnover (prospectus): 52%
- Securities on loan, average value: $270.5M
- Net income from securities lending: $3.1M (0.104% of average net assets)
ANGL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $2.8B | 67.42% |
| J.P. Morgan Securities LLC | $524.6M | 12.67% |
| Goldman Sachs & Co. LLC | $469.0M | 11.33% |
| Jefferies LLC | $99.9M | 2.41% |
| Citigroup Global Markets Inc. | $62.7M | 1.51% |
| Federal Reserve Bank of Boston | $50.9M | 1.23% |
| Jane Street Capital, LLC | $43.9M | 1.06% |
| Morgan Stanley & Co. LLC | $35.8M | 0.86% |
| U.S. Bancorp Investments, Inc. | $32.7M | 0.79% |
| BMO Capital Markets Corp. | $29.4M | 0.71% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.