VanEck Global Fallen Angel High Yield Bond UCITS ETF

The Product's investment objective is to replicate, before fees and expenses, the price and yield performance of the ICE Global Fallen Angel High Yield 10% Constrained Index (the "Index"). In order to seek to achieve its investment objective, the investment policy of the Product is to invest in a diversified portfolio of US dollar, Canadian dollar, British pound sterling and Euro denominated below investment grade corporate and quasi-government fixed rate debt instruments publicly issued and listed on the major US or eurobond markets by both U.S. and non-U.S. issuers that were rated investment grade at the time of issuance and which consist of the component securities that comprise the Index. Due to the practical difficulties and expense of purchasing all of the securities (debt instruments such as bonds) in the Index, the Product does not purchase all of the securities in the Index. Instead, the Investment Manager utilises a "sampling" methodology in seeking to achieve the Product's investment objective. The Product may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. Further, the Product may also invest in financial derivative instruments for efficient portfolio management or hedging purposes. The Product may use futures, swaps and currency forwards. The Product may invest in ancillary liquid assets and money market instruments which may include bank deposits, certificates of deposit, fixed or floating rate instruments, commercial paper, floating rate notes and freely transferable promissory notes. The Product may be leveraged through the use of financial derivative instruments; any such leverage would not be expected to be in excess of 100% of the Fund's Net Asset Value. The Product may not invest more than 10% of its Net Asset Value in open-ended collective investment schemes and the Product may borrow money in an amount up to 10% of the marke

Optimized sampling

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No