The Cheapest High-Yield Bond ETFs

Angel, compared to FALN, which is the other fallen angel's high yield bond fund, is significantly cheaper than DUAL at 25 basis points for what it does in a fairly illiquid section of the high yield market, which is competitive.

I am more literal. I see three basis points for VCSH, and I hit buy because if you're looking for a substitute that delivers a yield pickup over, say, a short-term treasury fund at a three basis point drag, this is among the cheapest options. And it's worth noting that this used to cost four basis points.

Vanguard recently lowered the fee by one basis point on VCSH and a total of actually 68 share classes across 87 funds. So this was part of their widespread fee cuts that just went into place.

If you are looking at Vanguard funds and you haven't seen them in a while, like VCSH, they've gotten cheaper recently.