ETF Spotlight on the Market Vectors Fallen Angel High Yield Bond ETF (NYSEArca: ANGL), part of an ongoing series.

ANGL was launched in April and is currently offering a yield of more than 6%.

Assets: $10.2 million.

Objective: The Market Vectors Fallen Angel High Yield Bond ETF tries to reflect the performance of the BofA Merrill Lynch U.S. Fallen Angel high Yield Index, which holds below investment grade corporate debt that were rated investment grade at the time of issuance.

Holdings: Top holdings include: Masco Corp. 3.2%, Frontier Communications 3.0%, Regions Bank/Birmingham AL 2.9%, JC Penney Corp 2.9% and Toys R Us Inc 2.7%.

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