VanEck ETF Trust - VanEck Fallen Angel High Yield Bond ETF
MX ˙ BMV ˙ US92189F4375
SecurityMX:ANGL / VanEck ETF Trust - VanEck Fallen Angel High Yield Bond ETF
InstitutionFinancial Advisory Service, Inc.
Latest Disclosed Ownership232,375 shares
Latest Disclosed Value $ 6,823,686
Financial Advisory Service, Inc. reports 4.06% increase in ownership of ANGL / VanEck ETF Trust - VanEck Fallen Angel High Yield Bond ETF

On February 18, 2026 - Financial Advisory Service, Inc. filed a 13F-HR form disclosing ownership of 232,375 shares of VanEck ETF Trust - VanEck Fallen Angel High Yield Bond ETF (MX:ANGL) valued at $6,823,686 USD as of December 31, 2025. The entity filed a previous 13F-HR on October 29, 2025 disclosing 223,309 shares of VanEck ETF Trust - VanEck Fallen Angel High Yield Bond ETF. This represents a change in shares of 4.06% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-18 2025-12-31 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 232,375 9,066 4.06 6,824 2.79 0.4409
2025-10-29 2025-09-30 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 223,309 2,242 1.01 6,639 2.56 0.4496
2025-08-14 2025-06-30 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 221,067 -543 -0.25 6,473 1.20 0.4788
2025-05-05 2025-03-31 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 221,610 4,485 2.07 6,396 2.75 0.5217
2025-02-14 2024-12-31 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 217,125 9,910 4.78 6,225 2.13 0.5227
2024-10-17 2024-09-30 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 207,215 -1,824 -0.87 6,094 3.03 0.4847
2024-07-29 2024-06-30 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 209,039 456 0.22 5,916 -2.28 0.5113
2024-04-29 2024-03-31 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 208,583 -690 -0.33 6,053 0.51 0.5364
2024-01-23 2023-12-31 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 209,273 -3,859 -1.81 6,023 4.42 0.5722
2023-10-23 2023-09-30 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 213,132 -606 -0.28 5,767 -2.83 0.6165
2023-08-08 2023-06-30 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 213,738 1,786 0.84 5,935 -0.05 0.7508
2023-05-11 2023-03-31 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 211,952 369 0.17 5,939 3.88 0.6438
2023-02-01 2022-12-31 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 211,583 51,126 31.86 5,717 35.80 0.6477
2022-10-20 2022-09-30 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 160,457 11,329 7.60 4,209 4.47 0.4674
2022-08-02 2022-06-30 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 149,128 -10,336 -6.48 4,029 -16.89 0.4241
2022-05-04 2022-03-31 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 159,464 1,397 0.88 4,848 -6.97 0.4563
2022-02-11 2021-12-31 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 158,067 5,043 3.30 5,211 3.05 0.4782
2021-11-15 2021-09-30 13F VANECK ETF TRUST FALLEN ANGEL HG 92189F437 153,024 3,162 2.11 5,057 2.58 0.4734
2021-07-29 2021-06-30 13F VANECK VECTORS ETF TR FALLEN ANGEL HG 92189F437 149,862 4,905 3.38 4,930 6.53 0.4627
2021-05-17 2021-03-31 13F VANECK VECTORS ETF TR FALLEN ANGEL HG 92189F437 144,957 2,821 1.98 4,628 1.42 0.4817
2021-02-10 2020-12-31 13F VANECK VECTORS ETF TR FALLEN ANGEL HG 92189F437 142,136 33,734 31.12 4,563 41.53 0.5191
2020-11-16 2020-09-30 13F VANECK VECTORS ETF TR FALLEN ANGEL HG 92189F437 108,402 18,599 20.71 3,224 25.11 0.4404
2020-07-21 2020-06-30 13F VANECK VECTORS ETF TR FALLEN ANGEL HG 92189F437 89,803 29,912 49.94 2,577 70.10 0.3797
2020-05-14 2020-03-31 13F VANECK VECTORS ETF TR FALLEN ANGEL HG 92189F437 59,891 44,626 292.34 1,515 232.24 0.2650
2020-01-31 2019-12-31 13F VANECK VECTORS ETF TRUST FALLEN ANGEL HG 92189F437 15,265 1,065 7.50 456 9.62 0.0768
2019-11-06 2019-09-30 13F VANECK VECTORS ETF TR FALLEN ANGEL HG 92189F437 14,200 1,049 7.98 416 8.05 0.0754
2019-07-25 2019-06-30 13F VANECK VECTORS ETF TR FALLEN ANGEL HG 92189F437 13,151 1,701 14.86 385 17.02 0.0717
2019-05-13 2019-03-31 13F VANECK VECTORS ETF TR FALLEN ANGEL HG 92189F437 11,450 3 0.03 329 7.87 0.0642
2019-02-08 2018-12-31 13F VANECK VECTORS ETF TR FALLEN ANGEL HG 92189F437 11,447 11,447 305 0.0698
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.