“Fallen angels have historically offered a better risk/reward trade off than found with the broad high yield bond market,” according to VanEck Vectors ETFs.

The outperformance has also helped ANGL almost double its assets this year, with the fund recently breaking above $100 million in assets under management.

ANGL has held up during the energy-sector default scare as oil prices plunged toward 13-year lows. While ANGL includes a large 13.7% tilt toward energy names, its oil exposure is different than other junk bond funds as ANGL tends to own higher rated junk bond issues from midstream master limited partnerships, which are less affected by falling oil prices, and does not own distressed exploration and production names.

ANGL has a 5.6 year effective duration and a 7.40% 30-day SEC yield.

Market Vectors Fallen Angel High Yield Bond ETF