# Glb. Fallen Angel High Yld. (GFGB)

**Page:** https://fundology.uk/fund/gfgb · ISIN IE00BF540Z61

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, GFGB (Glb. Fallen Angel High Yld., ISIN IE00BF540Z61) closed at £55.57 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the five years to 13/11/2026 its total return was +14.1%, or −11.0% after UK CPIH inflation.

## Summary

VanEck UCITS ETFs Plc - Glb. Fallen Angel High Yld. is an exchange-traded fund (ETF) from VanEck, launched in 2018. It tracks the ICE Global Fallen Angel High Yield 10% Constrained Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.4% a year — about £40 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£55.57** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | GFGB |
| ISIN | IE00BF540Z61 |
| Also listed as | GFA (London Stock Exchange, US dollars), GFEA (Xetra, euros) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | VanEck |
| Tracks | ICE Global Fallen Angel High Yield 10% Constrained Index |
| Income | Accumulating |
| Ongoing charge | 0.40% a year (£40 per £10,000) |
| Fund size | £42.0m |
| Launched | 2018 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 19/03/2018 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +0.90% | -2.67% | income reinvested |
| 3 years | +16.99% | +5.69% | income reinvested |
| 5 years | +14.07% | -10.96% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of VanEck UCITS ETFs Plc - Glb. Fallen Angel High Yld. in pounds (price, with income reinvested in the fund): 2022 −2.3%, 2023 +4.3%, 2024 +8.9%, 2025 +1.1%; 2026 to 13/11/2026 +2.6%. Returns of VanEck UCITS ETFs Plc - Glb. Fallen Angel High Yld. in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +3.1%; to 30/09/2025: +6.2%; to 30/09/2024: +6.9%; to 30/09/2023: +1.5%; to 30/09/2022: −2.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -2.3% | -10.6% | Price |
| 2023 | +4.3% | +0.1% | Price |
| 2024 | +8.9% | +5.1% | Price |
| 2025 | +1.1% | -2.4% | Price |
| 2026 to 13/11/2026 | +2.6% | -0.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 6.63% | -5.05% |
| 3 years | 5.96% | -7.00% |
| 5 years | 6.70% | -8.65% |

## Largest fall

Volatility of VanEck UCITS ETFs Plc - Glb. Fallen Angel High Yld. in pounds, annualised from weekly returns to 13/11/2026: 6.6% over 1 year, 6.0% over 3 years, 6.7% over 5 years. Largest fall in the price of VanEck UCITS ETFs Plc - Glb. Fallen Angel High Yld. since November 2021, in pounds: −8.6% from 10/12/2021 to 17/06/2022. The lowest 12-month return of VanEck UCITS ETFs Plc - Glb. Fallen Angel High Yld. in pounds (price, with income reinvested in the fund) since January 2021 was −5.5% (12 months to 09/12/2022); the highest was +12.2% (12 months to 22/11/2024). On 13/11/2026 the price of VanEck UCITS ETFs Plc - Glb. Fallen Angel High Yld. was 3.4% below its highest weekly close since November 2021 (26/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of VanEck UCITS ETFs Plc - Glb. Fallen Angel High Yld. 0.40% a year. Compared on 14/11/2026, 91 of the 427 other corporate and other bond funds charge more, 10 the same and 326 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.40%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 13/11/2026, GFGB holds 251 positions, according to its published holdings. The largest is Petroleos Mexicanos 7.69% 23/01/2050 at 2.21% of the fund; the ten largest make up 13.7%.

### Top holdings

Largest positions (as of 13/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Petroleos Mexicanos 7.69% 23/01/2050 | — | 2.21% |
| 2 | Nissan Motor Co Ltd 4.81% 17/09/2030 | — | 1.68% |
| 3 | Vodafone Group Plc 7.00% 04/04/2079 | — | 1.52% |
| 4 | Ecopetrol Sa 6.88% 29/04/2030 | — | 1.45% |
| 5 | Petroleos Mexicanos 6.75% 21/09/2047 | — | 1.39% |
| 6 | Entegris Inc 4.75% 15/04/2029 | — | 1.15% |
| 7 | Ecopetrol Sa 5.88% 28/05/2045 | — | 1.13% |
| 8 | Petroleos Mexicanos 5.95% 28/01/2031 | — | 1.13% |
| 9 | Petroleos Del Peru Sa 5.63% 19/06/2047 | — | 1.10% |
| 10 | Petroleos Mexicanos 6.95% 28/01/2060 | — | 0.95% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

Added up from the fund’s published holdings, as of 13/11/2026.

| Sector | Weight |
|---|---|
| Energy | 19.9% |
| Consumer Cyclicals | 19.8% |
| Materials | 13.1% |
| Financials | 11.8% |
| Information Technology | 8.1% |
| Real Estate | 7.8% |
| Utilities | 6.6% |
| Industrials | 3.1% |
| Other sectors | 9.2% |
| Not classified | 0.6% |

### By country

Added up from the fund’s published holdings, as of 13/11/2026.

| Country | Weight |
|---|---|
| United States | 38.4% |
| Mexico | 14.6% |
| France | 5.2% |
| Luxembourg | 5.0% |
| Colombia | 4.3% |
| United Kingdom | 3.9% |
| Italy | 3.3% |
| Germany | 2.9% |
| Other countries | 21.9% |
| Not classified | 0.6% |

### By type of asset

Added up from the fund’s published holdings, as of 13/11/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 99.4% |
| Cash and money market | 0.6% |

All 251 holdings: https://fundology.uk/fund/gfgb/holdings

## Questions people ask

**What is the ongoing charge of GFGB?**

The ongoing charge of GFGB is 0.40% a year — about £40 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of VanEck UCITS ETFs Plc - Glb. Fallen Angel High Yld. 0.40% a year. Compared on 14/11/2026, 91 of the 427 other corporate and other bond funds charge more, 10 the same and 326 less (share classes counted once).

**What does GFGB track?**

GFGB tracks the ICE Global Fallen Angel High Yield 10% Constrained Index.

**Is GFGB accumulating or distributing?**

GFGB is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of GFGB?**

The ISIN of GFGB is IE00BF540Z61. An ISIN identifies one exact share class of a fund; GFGB is its ticker on the London Stock Exchange. The same share class is also listed as GFA (London Stock Exchange, US dollars) and GFEA (Xetra, euros).

**What does GFGB hold?**

As of 13/11/2026, GFGB holds 251 positions, according to its published holdings. The largest is Petroleos Mexicanos 7.69% 23/01/2050 at 2.21% of the fund; the ten largest make up 13.7%. Its ten largest holdings are Petroleos Mexicanos 7.69% 23/01/2050 (2.21%), Nissan Motor Co Ltd 4.81% 17/09/2030 (1.68%), Vodafone Group Plc 7.00% 04/04/2079 (1.52%), Ecopetrol Sa 6.88% 29/04/2030 (1.45%), Petroleos Mexicanos 6.75% 21/09/2047 (1.39%), Entegris Inc 4.75% 15/04/2029 (1.15%), Ecopetrol Sa 5.88% 28/05/2045 (1.13%), Petroleos Mexicanos 5.95% 28/01/2031 (1.13%), Petroleos Del Peru Sa 5.63% 19/06/2047 (1.10%) and Petroleos Mexicanos 6.95% 28/01/2060 (0.95%).

**What were GFGB’s returns in each of the last five years?**

Calendar-year returns of GFGB in pounds (price, with income reinvested in the fund): 2022 −2.3%, 2023 +4.3%, 2024 +8.9%, 2025 +1.1%; 2026 to 13/11/2026 +2.6%. Past performance is not a guide to future returns.

**How has GFGB done after inflation?**

Over the five years to 13/11/2026 GFGB’s total return was +14.1%, or −11.0% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.