VanEck US Fallen Angel HY Bond UCITS ETF USD A

The Product's investment objective is to replicate the price and the performance, before fees and expenses, of the ICE US Fallen Angel High Yield 10% Constrained Index (the Index). The Product will invest in a diversified portfolio of US dollar denominated below investment grade corporate fixed rate debt instruments publicly issued and traded in the US domestic market by both U.S. and non-U.S. issuers that were rated investment grade at the time of issuance (a Fallen Angel) and which consist of the component securities that comprise the Index.