"VanEck Global Fallen Angel High Yield Bond UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the ICE Global Fallen Angel High Yield 10% Constrained Index. This index reflects the development of world wide bonds . The ETF replicates its index using physical replication with sampling, so it contains the most important securities of its reference index. The ETF's earnings (interest payments) are automatically reinvested (accumulated). The fund company VanEck claims a total expense ratio (TER) of 0.40% per year.