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XB

BondBloxx B Rated USD High Yield Corporate Bond ETF

Net asset value

$39.06

EXPENSE RATIO

0.30%

Yield to Maturity

8.00%

30-Day Sec Yield

6.93%
ALL DATA AS OF 03/28/2025, UNLESS OTHERWISE STATED. 30-DAY SEC YIELD AS OF 02/28/2025. The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance please visit the performance section of this page.

Overview

BondBloxx B Rated USD High Yield Corporate Bond ETF seeks to track the investment results of the ICE BofA Single-B US Cash Pay High Yield Constrained Index (the “Index”), which contains all bonds in the ICE BofA US Cash Pay High Yield Index (the “Underlying Index”) that are rated B1 through B3, based on an average of Moody’s Investors Services Inc. (“Moody’s”), S&P Global Ratings (“S&P”) and Fitch Ratings, Inc. (“Fitch”), but caps issuer exposure at 2%.

Sub-Sector

Fund Details

Product Name BondBloxx B Rated USD High Yield Corporate Bond ETF
Ticker XB
CUSIP 09789C804
Asset Class Fixed Income
Fund Inception Date 5/26/2022
Exchange NYSE Arca
Distribution Frequency Monthly
Fund Net Assets $29,292,251
Shares Outstanding 750,000
Median Spread 0.13%
Premium Discount Ratio 0.09%
Closing Price as of 03/28/2025 $39.09

Fees

Management Fee 0.30%
Acquired Fund Fees and Expenses 0.00%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 0.30%

Portfolio Characteristics

Number of Securities 648
Number of Issuers 397
Average Coupon 7.11%
Average Maturity 4.42 Years
* 30-Day SEC Yield is as of 02/28/2025
Yield to Maturity 8.00%
Yield to Worst 7.81%
Option Adjusted Spread 357
Spread Duration 2.75
30-Day SEC Yield* 6.93%

Portfolio Breakdown

Corporate 99%
Cash and Equivalents 1%
Due to rounding, these values may exceed 100%

Index Details

Provider Name ICE Data Services
Index ICE BofA Single-B US Cash Pay High Yield Constrained Index
Index Ticker JUC2
Index Market Cap $470.809B

Maturity Breakdown %

Credit Rating Breakdown %

ICE composite credit quality ratings are based on an average of Moody’s, S&P and Fitch. Unrated securities do not necessarily indicate low quality. Below investment-grade is represented by a rating of BB1 and below. Ratings and portfolio credit quality may change over time. A triple-A (AAA) is the highest credit quality, and C or D (depending on the agency issuing the rating) is the lowest or junk quality.

Holdings

Name Weight
Community Health Systems Incorporated 1.56 %
Univision Communications Inc. 1.30 %
EchoStar Corp. 1.25 %
Bombardier Inc. 1.11 %
Post Holdings Inc. 1.11 %
Cash and Equivalents 0.99 %
Service Properties Trust 0.97 %
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 0.96 %
TransDigm Inc. 0.95 %
Nationstar Mortgage Holdings Inc 0.93 %
Name CUSIP Market Value % of Net Assets
ECHOSTAR CORP 10.75% 11/30/29 278768AC0 $365,134.13 1.250 %
CASH CASH $289,256.76 0.990 %
DISH NETWORK C 11.75% 11/15/27 25470MAG4 $241,541.32 0.820 %
CLOUD SOFTWARE G 6.5% 03/31/29 88632QAE3 $233,029.73 0.800 %
HUB INTERNATION 7.25% 06/15/30 44332PAH4 $210,074.69 0.720 %
PANTHER ESCROW 7.125% 06/01/31 69867RAA5 $197,056.66 0.670 %
UNITI GROUP/CSL 10.5% 02/15/28 91327TAA9 $188,810.38 0.640 %
1011778 BC / NEW R 4% 10/15/30 68245XAM1 $174,900.48 0.600 %
MAUSER PACKAGI 7.875% 04/15/27 57763RAD9 $169,363.80 0.580 %
TRANSDIGM INC 5.5% 11/15/27 893647BL0 $166,555.38 0.570 %
TENET HEALTHCA 6.125% 10/01/28 88033GDK3 $164,162.11 0.560 %
NFE FINANCING LLC 12% 11/15/29 62909BAA5 $160,751.91 0.550 %
UKG INC 6.875% 02/01/31 90279XAA0 $154,137.51 0.530 %
MEDLINE BORROWE 5.25% 10/01/29 62482BAB8 $153,399.53 0.520 %
CHS/COMMUNITY 10.875% 01/15/32 12543DBN9 $150,504.70 0.510 %
NEPTUNE BIDCO U 9.29% 04/15/29 640695AA0 $150,498.27 0.510 %
WINDSTREAM SERV 8.25% 10/01/31 97381AAA0 $143,142.02 0.490 %
ALLIED UNIVERS 7.875% 02/15/31 019576AD9 $143,155.74 0.490 %
STAPLES INC 10.75% 09/01/29 855030AQ5 $141,829.23 0.480 %
SS&C TECHNOLOGIE 5.5% 09/30/27 78466CAC0 $129,024.97 0.440 %
BAUSCH HEALTH COS 11% 09/30/28 071734AQ0 $120,210.63 0.410 %
CLOUD SOFTWARE 8.25% 06/30/32 18912UAC6 $119,638.62 0.410 %
TENNECO INC 8% 11/17/28 880349AU9 $116,086.33 0.400 %
SAKS GLOBAL ENTER 11% 12/15/29 79380MAA3 $117,914.84 0.400 %
ORGANON & CO/O 5.125% 04/30/31 68622TAB7 $116,489.02 0.400 %
CONNECT FINCO SARL 9% 09/15/29 20752TAB0 $115,250.43 0.390 %
NCL CORPORATION 6.75% 02/01/32 62886HBR1 $115,362.86 0.390 %
OLYMPUS WTR US 9.75% 11/15/28 25259KAA8 $113,976.31 0.390 %
FRONTIER COMMUNICA 5% 05/01/28 35906ABF4 $110,903.27 0.380 %
CHS/COMMUNITY 5.625% 03/15/27 12543DBG4 $105,847.95 0.360 %
LEVEL 3 FINANCING 11% 11/15/29 527298BV4 $104,607.58 0.360 %
ALLIANT HOLD / CO- 7% 01/15/31 01883LAF0 $101,872.09 0.350 %
UNIVISION COMM 6.625% 06/01/27 914906AU6 $101,479.26 0.350 %
CLARIOS GLOBAL L 8.5% 05/15/27 69867DAC2 $103,602.09 0.350 %
TK ELEVATOR US 5.25% 07/15/27 92537RAA7 $99,252.48 0.340 %
MPT OPER PARTNER 8.5% 02/15/32 55342UAQ7 $97,787.13 0.330 %
PG&E CORP V/R 03/15/55 69331CAM0 $93,867.12 0.320 %
QUIKRETE HOLDIN 6.75% 03/01/33 74843PAB6 $90,593.78 0.310 %
SINCLAIR TELEV 8.125% 02/15/33 829259BH2 $89,795.88 0.310 %
PRIME HEALTHCA 9.375% 09/01/29 74165HAC2 $91,749.68 0.310 %
POST HOLDINGS 4.625% 04/15/30 737446AQ7 $90,438.75 0.310 %
CITGO PETROLEU 8.375% 01/15/29 17302XAN6 $88,080.26 0.300 %
BAUSCH + LOMB 8.375% 10/01/28 071705AA5 $88,506.25 0.300 %
SPIRIT AEROSYST 9.75% 11/15/30 85205TAR1 $85,421.46 0.290 %
UNIVISION COMMUN 8.5% 07/31/31 914906AZ5 $84,259.99 0.290 %
UNIVISION COMMUNIC 8% 08/15/28 914906AY8 $86,242.43 0.290 %
WALGREENS BOOTS 3.45% 06/01/26 931427AQ1 $84,185.02 0.290 %
NGL ENRGY OP/F 8.375% 02/15/32 62922LAD0 $85,729.73 0.290 %
BRAND INDUSTR 10.375% 08/01/30 104931AA8 $83,240.15 0.280 %
BAUSCH HEALTH 4.875% 06/01/28 071734AN7 $83,380.42 0.280 %
TENET HEALTHCAR 6.25% 02/01/27 88033GDS6 $80,735.87 0.280 %
PRIME SECSRVC B 6.25% 01/15/28 74166MAE6 $80,956.92 0.280 %
ZAYO GROUP HOLDING 4% 03/01/27 98919VAA3 $78,315.02 0.270 %
LIFEPOINT HEALTH 11% 10/15/30 53219LAW9 $79,930.49 0.270 %
BORR IHC LTD / BO 10% 11/15/28 100018AA8 $78,363.52 0.270 %
LIVE NATION ENT 4.75% 10/15/27 538034AR0 $79,637.44 0.270 %
EG GLOBAL FINANCE 12% 11/30/28 28228PAC5 $80,233.63 0.270 %
POST HOLDINGS 6.375% 03/01/33 737446AV6 $78,920.43 0.270 %
WAND NEWCO 3 I 7.625% 01/30/32 933940AA6 $77,833.23 0.270 %
CALPINE CORP 5.125% 03/15/28 131347CN4 $78,894.30 0.270 %
CHURCHILL DOWNS 5.75% 04/01/30 12511VAA6 $78,224.32 0.270 %
RAVEN ACQUISIT 6.875% 11/15/31 75420NAA1 $79,706.02 0.270 %
FRONTIER COMMU 5.875% 10/15/27 35906ABE7 $76,892.22 0.260 %
CHS/COMMUNITY H 5.25% 05/15/30 12543DBM1 $75,643.79 0.260 %
H&E EQUIPMENT 3.875% 12/15/28 404030AJ7 $75,828.41 0.260 %
ALLIANT HOLD / 6.75% 04/15/28 01883LAE3 $77,511.23 0.260 %
GRAY MEDIA INC 10.5% 07/15/29 389375AM8 $74,319.16 0.250 %
LEVEL 3 FINANCI 10.5% 05/15/30 527298BU6 $72,911.16 0.250 %
POST HOLDINGS IN 5.5% 12/15/29 737446AP9 $74,196.78 0.250 %
COMSTOCK RESOUR 6.75% 03/01/29 205768AS3 $73,495.17 0.250 %
FRONTIER COMMUN 8.75% 05/15/30 35908MAD2 $70,653.40 0.240 %
HERTZ CORP/TH 12.625% 07/15/29 428040DC0 $69,779.59 0.240 %
EQUIPMENTSHARE.COM 9% 05/15/28 29450YAA7 $69,620.66 0.240 %
ARAMARK SERVICES I 5% 02/01/28 038522AQ1 $69,108.64 0.240 %
FREEDOM MORTGAGE 12% 10/01/28 35640YAK3 $69,802.98 0.240 %
VERITIV OPERATI 10.5% 11/30/30 92339LAA0 $71,241.58 0.240 %
ITT HOLDINGS LLC 6.5% 08/01/29 45074JAA2 $70,612.39 0.240 %
ARDONAGH FINCO 7.75% 02/15/31 039853AA4 $67,321.58 0.230 %
CAESARS ENTERT 4.625% 10/15/29 12769GAA8 $65,980.07 0.230 %
CLEAR CHANNEL 5.125% 08/15/27 18453HAA4 $68,268.59 0.230 %
USA COM PART/U 7.125% 03/15/29 91740PAG3 $66,288.03 0.230 %
MIDAS OPCO HOL 5.625% 08/15/29 59565JAA9 $67,172.22 0.230 %
ATLAS LUXCO 4 4.625% 06/01/28 019579AA9 $67,575.53 0.230 %
PACTIV EVERGREEN G 4% 10/15/27 76174LAA1 $66,739.87 0.230 %
SCIH SALT HOLD 4.875% 05/01/28 78433BAA6 $68,176.35 0.230 %
BOMBARDIER INC 7% 06/01/32 097751CC3 $66,596.56 0.230 %
CAESARS ENTERTAIN 6% 10/15/32 12769GAD2 $67,492.95 0.230 %
KEHE DIST/FIN / NE 9% 02/15/29 487526AC9 $67,890.94 0.230 %
ACRISURE LLC / F 7.5% 11/06/30 00489LAL7 $67,966.84 0.230 %
PETSMART INC/PE 4.75% 02/15/28 71677KAA6 $65,957.18 0.230 %
FREEDOM MORTGAG 9.25% 02/01/29 35641AAA6 $67,261.08 0.230 %
SERVICE PROPER 8.625% 11/15/31 81761LAC6 $65,416.69 0.220 %
ENDO FINANCE HOL 8.5% 04/15/31 29281RAA7 $65,016.25 0.220 %
BRIGHTLINE EAST L 11% 01/31/30 093536AA8 $63,230.57 0.220 %
TRIVIUM PACKAGIN 5.5% 08/15/26 89686QAA4 $64,404.42 0.220 %
HUSKY INJECTION / 9% 02/15/29 44805RAA3 $65,788.64 0.220 %
STAR PARENT INC 9% 10/01/30 855170AA4 $64,680.56 0.220 %
COMPASS GROUP D 5.25% 04/15/29 20451RAB8 $63,026.79 0.220 %
GOODYEAR TIRE & RU 5% 05/31/26 382550BF7 $65,567.93 0.220 %
GRIFFON CORPORA 5.75% 03/01/28 398433AP7 $64,101.77 0.220 %
AMENTUM HOLDING 7.25% 08/01/32 02352BAA3 $60,069.45 0.210 %
ION TRADING TECH 9.5% 05/30/29 46205YAB7 $62,263.31 0.210 %
TRANSDIGM INC 4.625% 01/15/29 893647BP1 $62,400.53 0.210 %
FRONTIER COMMUN 6.75% 05/01/29 35906ABG2 $62,040.42 0.210 %
ALPHA GENERATIO 6.75% 10/15/32 02073LAA9 $61,985.68 0.210 %
AETHON UN/AETHIN 7.5% 10/01/29 00810GAD6 $60,979.20 0.210 %
RR DONNELLEY & S 9.5% 08/01/29 257867BJ9 $60,671.49 0.210 %
ASTON MARTIN CAPI 10% 03/31/29 04625HAJ8 $60,441.11 0.210 %
DELEK LOG PART 8.625% 03/15/29 24665FAD4 $62,235.31 0.210 %
FRONTIER COMMUNICA 6% 01/15/30 35908MAB6 $60,872.06 0.210 %
BAUSCH HEALTH 6.125% 02/01/27 071734AP2 $61,448.58 0.210 %
US ACUTE CARE S 9.75% 05/15/29 90367UAD3 $62,366.38 0.210 %
DIEBOLD NIXDORF 7.75% 03/31/30 253651AK9 $62,157.30 0.210 %
VISTAJET MALTA 6.375% 02/01/30 92840JAB5 $62,195.79 0.210 %
HOWDEN UK REFIN 7.25% 02/15/31 44287GAA4 $60,920.11 0.210 %
COMSTOCK RESOU 5.875% 01/15/30 205768AT1 $62,447.03 0.210 %
CALIFORNIA RESO 8.25% 06/15/29 13057QAK3 $57,399.67 0.200 %
CERDIA FINANZ 9.375% 10/03/31 15679GAC6 $58,957.43 0.200 %
TRONOX INC 4.625% 03/15/29 897051AC2 $59,815.57 0.200 %
NATIONSTAR MTG H 5.5% 08/15/28 63861CAC3 $59,079.65 0.200 %
ALLIANT HOLD / C 6.5% 10/01/31 01883LAG8 $58,872.77 0.200 %
NESCO HOLDINGS I 5.5% 04/15/29 64083YAA9 $57,240.07 0.200 %
FOCUS FINANCIAL 6.75% 09/15/31 34417VAA5 $59,328.07 0.200 %
ALLIED UNIVERS 4.625% 06/01/28 049362AA4 $57,711.27 0.200 %
ILIAD HOLDING SAS 7% 10/15/28 449691AC8 $57,417.74 0.200 %
LCM INVESTMENT 4.875% 05/01/29 50190EAA2 $57,650.02 0.200 %
ILIAD HOLDING SA 8.5% 04/15/31 449691AF1 $59,944.33 0.200 %
VITAL ENERGY I 7.875% 04/15/32 516806AK2 $57,917.52 0.200 %
NATIONSTAR MTG 7.125% 02/01/32 63861CAF6 $56,284.28 0.190 %
TRANSOCEAN INC 8.75% 02/15/30 893830BX6 $54,575.11 0.190 %
FERTITTA ENTER 4.625% 01/15/29 31556TAA7 $56,014.04 0.190 %
CLEAR CHANNEL 7.875% 04/01/30 18453HAF3 $54,226.52 0.190 %
ARCHES BUYER IN 4.25% 06/01/28 039524AA1 $55,771.61 0.190 %
TRIUMPH GROUP INC 9% 03/15/28 896818AU5 $55,985.23 0.190 %
SUMMIT MIDSTRE 8.625% 10/31/29 86614JAA3 $56,654.20 0.190 %
RAKUTEN GROUP INC V/R /PERP/ 75102WAM0 $56,255.74 0.190 %
MAGNERA CORP 7.25% 11/15/31 55939AAA5 $55,168.79 0.190 %
WASTE PRO USA INC 7% 02/01/33 94107JAC7 $56,178.44 0.190 %
NGL ENRGY OP/F 8.125% 02/15/29 62922LAC2 $55,620.60 0.190 %
GENESIS ENERGY 7.875% 05/15/32 37185LAQ5 $57,073.64 0.190 %
WASH MULTIFAM A 5.75% 04/15/26 93710WAA3 $55,983.13 0.190 %
EFESTO BIDCO SPA 7.5% 02/15/32 28201XAB1 $54,465.13 0.190 %
UNIVISION COMMUN 4.5% 05/01/29 914906AV4 $54,250.72 0.190 %
COINBASE GLOBA 3.375% 10/01/28 19260QAC1 $54,900.00 0.190 %
CLEAR CHANNEL OUTD 9% 09/15/28 18453HAE6 $57,084.56 0.190 %
CALPINE CORP 5% 02/01/31 131347CQ7 $53,010.60 0.180 %
UNIVISION COMM 7.375% 06/30/30 914906AX0 $53,919.53 0.180 %
VIKING BAKED G 8.625% 11/01/31 92676AAA5 $53,474.58 0.180 %
FORTRESS INTERME 7.5% 06/01/31 34966MAA0 $51,922.47 0.180 %
ROCKET SOFTWARE IN 9% 11/28/28 77314EAB4 $53,511.25 0.180 %
RB GLOBAL HOLDI 7.75% 03/15/31 76774LAC1 $52,562.94 0.180 %
SABRE GLBL INC 10.75% 11/15/29 78573NAL6 $53,654.89 0.180 %
OWENS-BROCKWAY 7.25% 05/15/31 69073TAU7 $52,233.28 0.180 %
LCM INVESTMENTS 8.25% 08/01/31 50190EAC8 $52,562.23 0.180 %
CHS/COMMUNITY H 4.75% 02/15/31 12543DBK5 $51,649.69 0.180 %
SIX FLAGS ENTER 7.25% 05/15/31 83001AAD4 $51,511.36 0.180 %
WINDSOR HOLDINGS 8.5% 06/15/30 97360AAA5 $53,034.68 0.180 %
POST HOLDINGS IN 4.5% 09/15/31 737446AR5 $53,419.88 0.180 %
BELLRING BRANDS IN 7% 03/15/30 07831CAA1 $51,833.96 0.180 %
HTA GROUP LTD 7.5% 06/04/29 40435WAC4 $52,018.67 0.180 %
NATIONSTAR MTG H 6.5% 08/01/29 63861CAG4 $52,532.30 0.180 %
AG TTMT ESCROW 8.625% 09/30/27 00840KAA7 $51,300.75 0.180 %
TRANSDIGM INC 4.875% 05/01/29 893647BQ9 $50,473.89 0.170 %
WR GRACE HOLDI 4.875% 06/15/27 92943GAD3 $49,163.52 0.170 %
HRT DNT / HRT D 10.5% 04/30/28 42239PAB5 $49,097.27 0.170 %
GARRETT MOTION 7.75% 05/31/32 366504AA6 $51,095.30 0.170 %
VIKING CRUISES 5.875% 09/15/27 92676XAD9 $49,858.62 0.170 %
VIKING CRUISES 9.125% 07/15/31 92676XAG2 $48,937.44 0.170 %
ILIAD HOLDING SAS 7% 04/15/32 449691AG9 $51,183.65 0.170 %
RAKUTEN GROUP INC V/R /PERP/ 75102WAA6 $49,959.15 0.170 %
OLYMPUS WTR US 7.25% 06/15/31 681639AD2 $49,163.75 0.170 %
SIX FLAGS/CANA 5.375% 04/15/27 150190AB2 $50,607.58 0.170 %
ARETEC GROUP INC 10% 08/15/30 04020JAA4 $49,020.45 0.170 %
INTELLIGENT PACKAG 6% 09/15/28 45827MAA5 $48,742.37 0.170 %
CLARIV SCI HLD 4.875% 07/01/29 18064PAD1 $49,821.11 0.170 %
COMMSCOPE LLC 4.75% 09/01/29 203372AX5 $49,401.66 0.170 %
RITHM CAPITAL CORP 8% 04/01/29 64828TAB8 $49,868.77 0.170 %
MCGRAW-HILL EDU 5.75% 08/01/28 57767XAA8 $49,313.70 0.170 %
KEDRION SPA 6.5% 09/01/29 49272YAB9 $48,490.97 0.170 %
BOMBARDIER INC 6% 02/15/28 097751BX8 $49,744.13 0.170 %
SIMMONS FOOD I 4.625% 03/01/29 82873MAA1 $51,142.22 0.170 %
BOMBARDIER INC 8.75% 11/15/30 097751CA7 $49,123.46 0.170 %
B&G FOODS INC 8% 09/15/28 05508WAC9 $50,518.16 0.170 %
LIFEPOINT HEAL 9.875% 08/15/30 53219LAV1 $48,297.62 0.160 %
BROOKFIELD PPTY 5.75% 05/15/26 11284DAA3 $45,648.60 0.160 %
GEO GROUP INC/ 10.25% 04/15/31 36162JAH9 $45,555.06 0.160 %
JONES DESLAURIER 8.5% 03/15/30 48020RAB1 $47,214.65 0.160 %
CLARIOS GLOBAL 6.75% 05/15/28 18060TAC9 $46,734.04 0.160 %
ACRISURE LLC / 4.25% 02/15/29 00489LAF0 $47,189.68 0.160 %
OLYMPUS WTR US 4.25% 10/01/28 681639AA8 $46,297.34 0.160 %
BROOKFIELD PPTY 4.5% 04/01/27 11284DAC9 $47,894.75 0.160 %
ELANCO ANIMAL H 6.65% 08/28/28 28414HAG8 $46,028.00 0.160 %
SC GAMES HOLDI 6.625% 03/01/30 80874DAA4 $47,594.14 0.160 %
FERRELLGAS LP/ 5.875% 04/01/29 315289AC2 $45,607.80 0.160 %
FRONTIER COMMU 5.875% 11/01/29 35908MAA8 $46,164.33 0.160 %
AMWINS GROUP I 6.375% 02/15/29 031921AC3 $45,735.43 0.160 %
MCGRAW-HILL ED 7.375% 09/01/31 58064LAA2 $45,772.52 0.160 %
CLUE OPCO LLC 9.5% 10/15/31 36267QAA2 $47,170.30 0.160 %
LABL INC 8.625% 10/01/31 50168QAF2 $45,579.53 0.160 %
BOMBARDIER INC 7.5% 02/01/29 097751BZ3 $46,824.59 0.160 %
CLYDESDALE ACQ 6.625% 04/15/29 18972EAA3 $46,604.64 0.160 %
AMWINS GROUP I 4.875% 06/30/29 031921AB5 $47,821.73 0.160 %
CHS/COMMUNITY HEAL 8% 12/15/27 12543DBD1 $45,822.47 0.160 %
CD&R SMOKEY / RA 9.5% 10/15/29 12515KAA6 $47,995.06 0.160 %
GOODYEAR TIRE & RU 5% 07/15/29 382550BN0 $47,050.09 0.160 %
BOMBARDIER INC 7.25% 07/01/31 097751CB5 $46,251.33 0.160 %
MERCER INTL IN 5.125% 02/01/29 588056BB6 $48,086.84 0.160 %
LIFEPOINT HEAL 8.375% 02/15/32 53219LAY5 $46,033.57 0.160 %
AMC NETWORKS IN 4.25% 02/15/29 00164VAF0 $45,674.18 0.160 %
WALGREENS BOOT 8.125% 08/15/29 931427AW8 $46,336.31 0.160 %
VIRGIN MEDIA FINAN 5% 07/15/30 92769VAJ8 $47,936.81 0.160 %
CHEMOURS CO 5.75% 11/15/28 163851AF5 $47,363.72 0.160 %
SS&C TECHNOLOGIE 6.5% 06/01/32 78466CAD8 $46,592.71 0.160 %
WATCO COS LLC/ 7.125% 08/01/32 941130AD8 $45,992.26 0.160 %
CLARIOS GLOBAL 6.75% 02/15/30 18060TAD7 $46,000.92 0.160 %
TALLGRASS NRG PRTN 6% 12/31/30 87470LAJ0 $48,313.48 0.160 %
CONSOLIDATED ENER 12% 02/15/31 20914UAH9 $45,879.15 0.160 %
FRONTIER COMMU 8.625% 03/15/31 35908MAE0 $48,174.94 0.160 %
LIGHT & WONDER INT 7% 05/15/28 80874YBC3 $46,219.17 0.160 %
HILTON GRAND VAC L 5% 06/01/29 43284MAA6 $47,745.65 0.160 %
FREEDOM MORTGA 9.125% 05/15/31 35641AAB4 $46,899.42 0.160 %
LEVEL 3 FINANC 10.75% 12/15/30 527298BZ5 $46,250.56 0.160 %
ENERGIZER HOLD 4.375% 03/31/29 29272WAD1 $46,488.98 0.160 %
SOTERA HEALTH 7.375% 06/01/31 83600WAE9 $47,239.27 0.160 %
CINEMARK USA IN 5.25% 07/15/28 172441BF3 $44,327.03 0.150 %
GFL ENVIRONMENTAL 4% 08/01/28 36168QAL8 $43,114.83 0.150 %
ELLUCIAN HOLDING 6.5% 12/01/29 289178AA3 $45,373.96 0.150 %
ADIENT GLOBAL HO 7.5% 02/15/33 00687YAD7 $43,188.80 0.150 %
AMERIGAS PART/ 5.875% 08/20/26 030981AJ3 $45,017.21 0.150 %
STATION CASINOS 4.5% 02/15/28 857691AG4 $43,316.63 0.150 %
CHURCHILL DOWNS 4.75% 01/15/28 171484AE8 $44,105.27 0.150 %
LEVEL 3 FINANCI 10.5% 04/15/29 527298BX0 $44,637.80 0.150 %
ALLIANT HOLD / 4.25% 10/15/27 01883LAB9 $44,210.27 0.150 %
CONSOLIDATED COM 6.5% 10/01/28 20903XAF0 $43,741.04 0.150 %
CORELOGIC INC 4.5% 05/01/28 21871DAD5 $42,716.89 0.150 %
HUGHES SATELLIT 5.25% 08/01/26 444454AD4 $42,603.00 0.150 %
COINBASE GLOBA 3.625% 10/01/31 19260QAD9 $42,617.38 0.150 %
TALLGRASS NRG PR 5.5% 01/15/28 87470LAD3 $44,439.75 0.150 %
SEAWORLD PARKS 5.25% 08/15/29 81282UAG7 $42,840.79 0.150 %
BOYNE USA INC 4.75% 05/15/29 103557AC8 $43,293.33 0.150 %
PIKE CORP 8.625% 01/31/31 721283AB5 $42,746.42 0.150 %
GOAT HOLDCO LLC 6.75% 02/01/32 38021MAA4 $44,956.24 0.150 %
USA COM PART/U 6.875% 09/01/27 91740PAF5 $45,378.68 0.150 %
MOSS CREEK RESO 8.25% 09/01/31 61965RAC9 $44,387.90 0.150 %
SCIL IV LLC / 5.375% 11/01/26 78397UAA8 $45,252.99 0.150 %
CNTRL PARENT/CD 7.25% 06/15/29 15477CAA3 $44,278.93 0.150 %
BOMBARDIER INC 7.875% 04/15/27 097751BT7 $42,545.54 0.150 %
SK INVICTUS INTERM 5% 10/30/29 29977LAA9 $43,025.72 0.150 %
REWORLD HOLDIN 4.875% 12/01/29 22303XAA3 $42,569.86 0.150 %
MIDWEST GMNG B 4.875% 05/01/29 59833DAB6 $43,255.88 0.150 %
GFL ENVIRONMENT 4.75% 06/15/29 36168QAN4 $43,917.53 0.150 %
NORTHERN OIL & 8.125% 03/01/28 665531AG4 $45,387.65 0.150 %
SOTHEBY'S 7.375% 10/15/27 835898AH0 $44,776.81 0.150 %
MADISON IAQ LL 4.125% 06/30/28 55760LAA5 $42,962.94 0.150 %
FERRELLGAS LP/ 5.375% 04/01/26 315289AA6 $39,747.06 0.140 %
PRIMO / TRITON 6.25% 04/01/29 74168RAC7 $39,785.45 0.140 %
SABRE GLBL INC 8.625% 06/01/27 78573NAJ1 $40,153.32 0.140 %
TALLGRASS NRG 7.375% 02/15/29 87470LAL5 $40,642.44 0.140 %
CNT PRNT/CDK GLO I 8% 06/15/29 154915AA0 $40,642.02 0.140 %
ARDAGH METAL PACKA 6% 06/15/27 03969YAC2 $40,261.03 0.140 %
BROOKFIELD RES 4.875% 02/15/30 11283YAD2 $39,754.58 0.140 %
HOWARD MIDSTRE 7.375% 07/15/32 442722AC8 $41,546.87 0.140 %
CEC ENTERTAINME 6.75% 05/01/26 125137AC3 $40,370.27 0.140 %
FREEDOM MORTGA 6.625% 01/15/27 35640YAJ6 $40,298.43 0.140 %
NABORS INDUSTR 9.125% 01/31/30 62957HAP0 $40,776.19 0.140 %
COUGAR JV SUBSIDIA 8% 05/15/32 22208WAA1 $42,397.94 0.140 %
TALOS PRODUCTION I 9% 02/01/29 87485LAD6 $41,601.56 0.140 %
GLOBAL AUTO HO/ 11.5% 08/15/29 00033YAA4 $41,274.73 0.140 %
GULFPORT ENERGY 6.75% 09/01/29 402635AT3 $40,805.80 0.140 %
KENNEDY-WILSON INC 5% 03/01/31 489399AM7 $40,008.29 0.140 %
ENCINO ACQUISITI 8.5% 05/01/28 29254BAA5 $42,090.98 0.140 %
KENNEDY-WILSON 4.75% 03/01/29 489399AL9 $41,458.88 0.140 %
BLUE RACER MID LLC 7% 07/15/29 095796AJ7 $41,415.24 0.140 %
BORR IHC LTD 10.375% 11/15/30 100018AB6 $41,865.75 0.140 %
NABORS INDUSTR 7.375% 05/15/27 62957HAJ4 $40,635.24 0.140 %
CONCENTRA ESCR 6.875% 07/15/32 20600DAA1 $41,327.52 0.140 %
WALGREENS BOOTS 4.8% 11/18/44 931427AC2 $41,432.25 0.140 %
MIDCONTINENT COMMU 8% 08/15/32 59565XAD2 $40,942.27 0.140 %
SERVICE PROPER 8.375% 06/15/29 81761LAD4 $41,176.58 0.140 %
CAESARS ENTERT 8.125% 07/01/27 28470RAK8 $38,982.23 0.130 %
ROCKCLIFF ENERGY 5.5% 10/15/29 77289KAA3 $38,659.18 0.130 %
GENESIS ENERGY 8.875% 04/15/30 37185LAN2 $37,829.60 0.130 %
JB POINDEXTER & 8.75% 12/15/31 465965AC5 $37,143.95 0.130 %
CHART INDUSTRIES 9.5% 01/01/31 16115QAG5 $38,244.86 0.130 %
HANESBRANDS INC 9% 02/15/31 410345AQ5 $37,304.19 0.130 %
GREAT CANADIAN 8.75% 11/15/29 389925AA6 $36,644.68 0.130 %
FIVE POINT OP CO S/UP 01/15/28 33834YAB4 $39,048.88 0.130 %
HAH GROUP HOLDI 9.75% 10/01/31 40518JAA7 $38,543.27 0.130 %
TRANSOCEAN TIT 8.375% 02/01/28 89386MAA6 $37,611.93 0.130 %
ARAGVI FINANC 11.125% 11/20/29 03851RAC8 $37,046.54 0.130 %
SITIO ROYAL OP 7.875% 11/01/28 82983MAB6 $37,177.62 0.130 %
GOODYEAR TIRE 4.875% 03/15/27 382550BG5 $39,225.81 0.130 %
ENCINO ACQUISIT 8.75% 05/01/31 29254BAB3 $38,451.64 0.130 %
HUNT COS INC 5.25% 04/15/29 445587AE8 $39,157.54 0.130 %
CALDERYS FINAN 11.25% 06/01/28 128786AA8 $38,264.04 0.130 %
DYE & DURHAM L 8.625% 04/15/29 267486AA6 $37,805.72 0.130 %
LUMEN TECHNOLOGIE 10% 10/15/32 550241AK9 $36,798.61 0.130 %
FTAI INFRA ESC 10.5% 06/01/27 30327TAA7 $37,944.61 0.130 %
CAMELOT RETURN 8.75% 08/01/28 13323NAA0 $39,102.80 0.130 %
EQUIPMENTSHARE 8.625% 05/15/32 29450YAB5 $37,418.93 0.130 %
SUBURBAN PROPANE P 5% 06/01/31 864486AL9 $36,999.42 0.130 %
RAKUTEN GROUP INC V/R /PERP/ 75102WAB4 $37,495.12 0.130 %
HOWARD MIDSTRE 8.875% 07/15/28 442722AB0 $37,288.23 0.130 %
1011778 BC / N 4.375% 01/15/28 68245XAJ8 $39,092.33 0.130 %
FREEDOM MORTGA 12.25% 10/01/30 35640YAL1 $38,553.17 0.130 %
ONESKY FLIGHT 8.875% 12/15/29 68278CAA3 $36,691.99 0.130 %
NATIONSTAR MTG 5.75% 11/15/31 63861CAE9 $39,001.08 0.130 %
AVIS BUDGET CAR 8.25% 01/15/30 053773BJ5 $39,472.05 0.130 %
NCL CORPORATION 7.75% 02/15/29 62886HBG5 $36,869.85 0.130 %
OWENS & MINOR 6.625% 04/01/30 690732AG7 $39,334.95 0.130 %
ZI TECH LLC/ZI 3.875% 02/01/29 98981BAA0 $36,999.68 0.130 %
CALPINE CORP 4.625% 02/01/29 131347CP9 $38,747.88 0.130 %
NCR VOYIX CORP 5% 10/01/28 62886EAY4 $38,457.41 0.130 %
AMERITEX HOLDC 10.25% 10/15/28 030727AA9 $37,529.72 0.130 %
AVIS BUDGET CA 5.375% 03/01/29 053773BF3 $36,175.86 0.120 %
CHEMOURS CO 4.625% 11/15/29 163851AH1 $34,987.85 0.120 %
WRANGLER HOLDC 6.625% 04/01/32 37441QAA9 $35,687.51 0.120 %
SELECT MEDICAL 6.25% 12/01/32 816196AV1 $34,884.57 0.120 %
HUDBAY MINERALS 4.5% 04/01/26 443628AJ1 $34,510.81 0.120 %
LIGHT & WONDER I 7.5% 09/01/31 531968AA3 $36,180.25 0.120 %
AMERICAN AXLE & 6.5% 04/01/27 02406PAU4 $34,095.17 0.120 %
RIVERS ENTERPR 6.625% 02/01/33 76883NAA9 $34,850.07 0.120 %
CHURCHILL DOWNS 5.5% 04/01/27 171484AG3 $34,701.48 0.120 %
NCL FINANCE LT 6.125% 03/15/28 62888HAA7 $34,985.66 0.120 %
ANYWHERE REAL EST/ 7% 04/15/30 75606DAS0 $36,148.75 0.120 %
SIX FLAGS ENTERT 5.5% 04/15/27 83001AAC6 $35,613.97 0.120 %
LONG RIDGE ENER 8.75% 02/15/32 54288CAA1 $34,228.79 0.120 %
ARCOSA INC 6.875% 08/15/32 039653AC4 $35,762.27 0.120 %
CVR ENERGY INC 8.5% 01/15/29 12662PAF5 $34,112.97 0.120 %
EQUIPMENTSHARE.COM 8% 03/15/33 29450YAC3 $35,368.28 0.120 %
UNITI GROUP/CSL 4.75% 04/15/28 91327BAB6 $34,295.41 0.120 %
WILLIAMS SCOTS 4.625% 08/15/28 96950GAE2 $34,175.07 0.120 %
VIKING CRUISES LTD 7% 02/15/29 92676XAF4 $35,438.78 0.120 %
HUDBAY MINERAL 6.125% 04/01/29 443628AH5 $34,934.11 0.120 %
STAR LEASING C 7.625% 02/15/30 854938AA5 $34,057.15 0.120 %
CHEMOURS CO 8% 01/15/33 163851AJ7 $33,786.11 0.120 %
TALOS PRODUCTI 9.375% 02/01/31 87485LAE4 $36,096.35 0.120 %
SERVICE PROPERTI 5.5% 12/15/27 81761LAB8 $34,330.90 0.120 %
OUTFRONT MEDIA CAP 5% 08/15/27 69007TAB0 $34,449.00 0.120 %
WALGREENS BOOTS 4.1% 04/15/50 931427AT5 $34,963.83 0.120 %
AMERICAN AXLE & MF 5% 10/01/29 02406PBB5 $34,809.92 0.120 %
GENESIS ENERGY LP/ 8% 05/15/33 37185LAR3 $36,056.45 0.120 %
WILLIAMS SCOTS 7.375% 10/01/31 96949VAL7 $36,012.87 0.120 %
GATES CORPORAT 6.875% 07/01/29 367398AA2 $36,287.84 0.120 %
FREEDOM MORTGA 8.375% 04/01/32 35641AAC2 $34,482.78 0.120 %
MICHAELS COS IN 5.25% 05/01/28 55916AAA2 $35,829.17 0.120 %
PENN ENTERTAIN 5.625% 01/15/27 707569AS8 $35,054.42 0.120 %
STRATHCONA RES 6.875% 08/01/26 86304TAA6 $35,306.04 0.120 %
NEW ENTERPRISE 5.25% 07/15/28 644274AH5 $34,427.54 0.120 %
CINEMARK USA INC 7% 08/01/32 172441BH9 $35,673.92 0.120 %
MOBIUS MERGER SUB 9% 06/01/30 606950AA1 $33,714.66 0.120 %
CVR PARTNERS/C 6.125% 06/15/28 12663QAC9 $34,677.78 0.120 %
CHURCHILL DOWNS 6.75% 05/01/31 171484AJ7 $36,233.30 0.120 %
ADVANTAGE SALES 6.5% 11/15/28 00775PAA5 $36,316.80 0.120 %
ADIENT GLOBAL H 8.25% 04/15/31 00687YAC9 $35,871.63 0.120 %
GENESIS ENERGY 7.75% 02/01/28 37185LAL6 $35,822.57 0.120 %
HELIOS SOFT/ION 8.75% 05/01/29 42329HAB4 $36,609.05 0.120 %
DOMTAR CORP 6.75% 10/01/28 70478JAA2 $36,433.00 0.120 %
ACURIS FIN US/ACUR 9% 08/01/29 00511BAE7 $34,840.66 0.120 %
OWENS-BROCKWAY 6.625% 05/13/27 69073TAT0 $35,757.37 0.120 %
GARDA WORLD SE 4.625% 02/15/27 36485MAK5 $34,316.77 0.120 %
AVIS BUDGET CAR/FI 8% 02/15/31 053773BH9 $35,141.14 0.120 %
WILDFIRE INTERME 7.5% 10/15/29 96812HAA6 $35,387.60 0.120 %
NATIONSTAR MTG HLD 6% 01/15/27 63861CAA7 $35,304.31 0.120 %
BALDWIN INSUR 7.125% 05/15/31 05825XAA7 $36,318.73 0.120 %
AZORRA FINANCE 7.75% 04/15/30 05480AAA3 $36,027.61 0.120 %
FIESTA PURCHAS 7.875% 03/01/31 31659AAA4 $36,446.73 0.120 %
ACCO BRANDS COR 4.25% 03/15/29 00081TAK4 $31,698.73 0.110 %
CHAMP ACQUISIT 8.375% 12/01/31 15807XAA8 $31,923.13 0.110 %
S&S HOLDINGS L 8.375% 10/01/31 78525CAA3 $33,199.82 0.110 %
PROG HOLDINGS INC 6% 11/15/29 74319RAA9 $33,296.47 0.110 %
ALBION FINANCIN 8.75% 04/15/27 013305AA5 $31,333.55 0.110 %
HLF FIN SARL L 4.875% 06/01/29 40390DAC9 $31,667.52 0.110 %
VT TOPCO INC 8.5% 08/15/30 91838PAA9 $31,870.38 0.110 %
LIGHT & WONDER 7.25% 11/15/29 80874YBE9 $31,385.58 0.110 %
HEALTHEQUITY INC 4.5% 10/01/29 42226AAA5 $32,847.34 0.110 %
EMBECTA CORP 5% 02/15/30 29082KAA3 $31,806.91 0.110 %
HILTON GRAND V 4.875% 07/01/31 43284MAB4 $31,244.47 0.110 %
GLOBAL AUTO HO 8.375% 01/15/29 00033GAA3 $32,437.52 0.110 %
SIX FLAGS/CANAD 5.25% 07/15/29 150190AE6 $33,576.31 0.110 %
VIRIDIEN 8.75% 04/01/27 12531TAF6 $31,819.29 0.110 %
VALVOLINE INC 3.625% 06/15/31 92047WAG6 $30,771.71 0.110 %
CABLE ONE INC 4% 11/15/30 12685JAC9 $32,492.73 0.110 %
TALLGRASS NRG PRTN 6% 09/01/31 87470LAK7 $33,283.58 0.110 %
PACTIV EVERGRE 4.375% 10/15/28 69527AAA4 $30,946.97 0.110 %
VICTRA HLDG/VIC 8.75% 09/15/29 92648DAA4 $31,060.04 0.110 %
CAPSTONE BORROWER 8% 06/15/30 140944AA7 $31,509.84 0.110 %
CHAMPIONS FINAN 8.75% 02/15/29 15870LAA6 $31,803.39 0.110 %
GOODYEAR TIRE & 5.25% 07/15/31 382550BR1 $32,040.54 0.110 %
ENQUEST PLC 11.625% 11/01/27 29357JAC0 $32,407.03 0.110 %
ENOVA INTERNAT 9.125% 08/01/29 29357KAK9 $31,293.73 0.110 %
PLANET FINANCIA 10.5% 12/15/29 72702AAA5 $31,169.39 0.110 %
VICTORIA'S SEC 4.625% 07/15/29 926400AA0 $30,863.74 0.110 %
ARSENAL AIC PAR 11.5% 10/01/31 04288BAC4 $32,792.16 0.110 %
KRONOS ACQUISIT 8.25% 06/30/31 50106GAG7 $32,070.91 0.110 %
GENESIS ENERGY 8.25% 01/15/29 37185LAP7 $31,436.86 0.110 %
ADAPTHEALTH LL 4.625% 08/01/29 00653VAC5 $32,095.01 0.110 %
K HOVNANIAN EN 11.75% 09/30/29 48251UAM0 $32,361.00 0.110 %
VFH PARENT / VAL 7.5% 06/15/31 91824YAA6 $31,471.04 0.110 %
ZIPRECRUITER INC 5% 01/15/30 98980BAA1 $31,235.24 0.110 %
GFL ENVIRONMEN 4.375% 08/15/29 36168QAP9 $33,237.34 0.110 %
NATIONSTAR MTG 5.125% 12/15/30 63861CAD1 $33,148.80 0.110 %
EMPIRE COMMUNIT 9.75% 05/01/29 29163VAG8 $31,474.18 0.110 %
XEROX HOLDINGS C 5.5% 08/15/28 98421MAB2 $32,612.50 0.110 %
RAIN CARBON IN 12.25% 09/01/29 75079LAB7 $32,355.92 0.110 %
KAISER ALUMINU 4.625% 03/01/28 483007AJ9 $33,443.62 0.110 %
VELOCITY VEHICLE G 8% 06/01/29 92262TAA4 $31,567.06 0.110 %
GCI LLC 4.75% 10/15/28 36166TAB6 $33,079.86 0.110 %
MARRIOTT OWNERSH 4.5% 06/15/29 57164PAH9 $32,506.81 0.110 %
GOODYEAR TIRE & 5.25% 04/30/31 382550BJ9 $32,566.01 0.110 %
TASEKO MINES LT 8.25% 05/01/30 876511AG1 $31,781.54 0.110 %
ARTERA SERVICES 8.5% 02/15/31 04302XAA2 $33,101.25 0.110 %
CIMPRESS PLC 7.375% 09/15/32 17186HAH5 $32,391.51 0.110 %
ARDAGH METAL PA 3.25% 09/01/28 03969YAA6 $31,947.25 0.110 %
GLOBAL PART/GLP 8.25% 01/15/32 37954FAK0 $31,241.23 0.110 %
NORTHERN OIL & 8.75% 06/15/31 665530AB7 $31,470.36 0.110 %
RAISING CANE'S 9.375% 05/01/29 75103AAA3 $33,059.39 0.110 %
COGENT COMM GROUP 7% 06/15/27 19240CAE3 $30,787.84 0.110 %
OUTFRONT MEDIA 4.625% 03/15/30 69007TAC8 $32,044.17 0.110 %
COMPASS MINERAL 6.75% 12/01/27 20451NAG6 $29,442.71 0.100 %
ACADIA HEALTHCAR 5.5% 07/01/28 00404AAN9 $29,405.89 0.100 %
ENVIRI CORP 5.75% 07/31/27 415864AM9 $28,886.82 0.100 %
SPECIALTY BUILD 7.75% 10/15/29 84749AAC1 $28,922.49 0.100 %
AMERIGAS PART/F 5.75% 05/20/27 030981AL8 $29,596.71 0.100 %
GLOBAL INFRAST 5.625% 06/01/29 37960XAA5 $29,443.48 0.100 %
PATRICK INDUST 6.375% 11/01/32 703343AH6 $29,955.55 0.100 %
IAMGOLD CORP 5.75% 10/15/28 450913AF5 $30,262.50 0.100 %
AMERIGAS PART/ 9.375% 06/01/28 030981AM6 $30,532.28 0.100 %
AVIS BUDGET CAR 5.75% 07/15/27 053773BC0 $29,331.61 0.100 %
VERMILION ENER 6.875% 05/01/30 923725AD7 $30,311.14 0.100 %
KEN GARFF AUTO 4.875% 09/15/28 48850PAA2 $28,560.82 0.100 %
ORGANON & CO/O 7.875% 05/15/34 68622FAB7 $30,234.06 0.100 %
MERLIN ENTERTA 7.375% 02/15/31 59010UAA5 $28,830.30 0.100 %
BROOKFIELD RESI 6.25% 09/15/27 11283YAB6 $29,745.69 0.100 %
KRAKEN OIL & G 7.625% 08/15/29 50076PAA6 $29,676.00 0.100 %
PRECISION DRIL 6.875% 01/15/29 740212AM7 $29,665.09 0.100 %
ACI WORLDWIDE I 5.75% 08/15/26 004498AB7 $30,244.94 0.100 %
RFNA LP 7.875% 02/15/30 74984AAA0 $30,216.90 0.100 %
SCIENCE APPLIC 4.875% 04/01/28 808625AA5 $28,770.16 0.100 %
STATION CASINO 6.625% 03/15/32 857691AJ8 $29,855.87 0.100 %
BEAZER HOMES U 5.875% 10/15/27 07556QBR5 $30,206.51 0.100 %
SCRIPPS ESCROW 3.875% 01/15/29 81105DAA3 $27,894.82 0.100 %
RR DONNELLEY 10.875% 08/01/29 257867BK6 $29,327.98 0.100 %
LSB INDUSTRIES 6.25% 10/15/28 502160AN4 $29,781.75 0.100 %
JACOBS ENTERTAI 6.75% 02/15/29 469815AK0 $29,110.51 0.100 %
EVERI HOLDINGS INC 5% 07/15/29 30034TAA1 $30,398.75 0.100 %
TEINE ENERGY L 6.875% 04/15/29 879068AB0 $30,370.80 0.100 %
VIRGIN MEDIA VEND 5% 07/15/28 92770QAA5 $28,835.37 0.100 %
QVC INC 6.875% 04/15/29 747262BA0 $29,455.88 0.100 %
OXFORD FIN LLC 6.375% 02/01/27 69145LAC8 $30,147.86 0.100 %
CONDUENT BUS SERVI 6% 11/01/29 20679LAB7 $29,051.61 0.100 %
CARS.COM INC 6.375% 11/01/28 14575EAA3 $30,386.93 0.100 %
HECLA MINING CO 7.25% 02/15/28 422704AH9 $30,527.70 0.100 %
GRUBHUB HOLDINGS 5.5% 07/01/27 40010PAA6 $28,044.79 0.100 %
ROLLER BEARING 4.375% 10/15/29 775631AD6 $28,892.76 0.100 %
TKC HOLDINGS I 6.875% 05/15/28 87256YAC7 $30,615.59 0.100 %
ELDORADO GOLD C 6.25% 09/01/29 284902AF0 $29,730.59 0.100 %
KIMMERIDGE TEXAS 8.5% 02/15/30 49446BAA2 $30,639.49 0.100 %
WERNER FINCO LP 11.5% 06/15/28 95076PAC7 $27,994.69 0.100 %
UNISYS CORP 6.875% 11/01/27 909214BV9 $30,068.78 0.100 %
DUN & BRADSTREET C 5% 12/15/29 26483EAL4 $30,524.83 0.100 %
CHOBANI LLC/FI 4.625% 11/15/28 17027NAB8 $29,430.12 0.100 %
ARIS WATER HOL 7.625% 04/01/26 83419MAA0 $29,984.11 0.100 %
ENERGIZER HOLDI 4.75% 06/15/28 29272WAC3 $29,182.49 0.100 %
POST HOLDINGS I 6.25% 10/15/34 737446AX2 $30,299.70 0.100 %
WALGREENS BOOTS 3.2% 04/15/30 931427AS7 $28,186.60 0.100 %
XHR LP 4.875% 06/01/29 98372MAC9 $28,491.23 0.100 %
PITNEY BOWES I 6.875% 03/15/27 724479AP5 $30,067.46 0.100 %
OPTION CARE HE 4.375% 10/31/29 68404LAA0 $28,414.80 0.100 %
PIKE CORP 5.5% 09/01/28 721283AA7 $29,314.60 0.100 %
JELD-WEN INC 4.875% 12/15/27 475795AD2 $28,432.18 0.100 %
SERVICE PROPER 8.875% 06/15/32 81761LAE2 $30,578.04 0.100 %
TALLGRASS NRG PRTN 6% 03/01/27 87470LAG6 $29,937.25 0.100 %
CABLEVISION LI 3.875% 09/15/27 12687GAA7 $28,543.49 0.100 %
UPBOUND GROUP 6.375% 02/15/29 76009NAL4 $28,693.68 0.100 %
PRAIRIE ACQUIROR L 9% 08/01/29 73943NAA4 $25,850.53 0.090 %
CHS/COMMUNITY HEAL 6% 01/15/29 12543DBH2 $27,180.83 0.090 %
PROVIDENT FDG/P 9.75% 09/15/29 74387UAK7 $25,790.42 0.090 %
GARDA WORLD SEC 7.75% 02/15/28 36485MAM1 $25,906.01 0.090 %
RAILWORKS HOLDI 8.25% 11/15/28 75079MAA7 $25,440.46 0.090 %
WILLIAMS SCOTS 6.625% 06/15/29 96949VAM5 $25,726.72 0.090 %
CROCS INC 4.125% 08/15/31 227046AB5 $26,586.14 0.090 %
CITGO PETROLEU 6.375% 06/15/26 17302XAM8 $25,420.89 0.090 %
BANIJAY ENTERT 8.125% 05/01/29 060335AB2 $26,562.35 0.090 %
SCOTTS MIRACLE-GRO 4% 04/01/31 810186AX4 $26,431.85 0.090 %
AVIS BUDGET CAR 4.75% 04/01/28 053773BG1 $27,437.75 0.090 %
CONSENSUS CLOUD 6.5% 10/15/28 20848VAB1 $25,307.92 0.090 %
ENERGIZER HOLDIN 6.5% 12/31/27 29272WAF6 $25,569.62 0.090 %
UNIVERSAL ENTE 9.875% 08/01/29 91349WAC2 $25,141.77 0.090 %
XHR LP 6.625% 05/15/30 98372MAE5 $25,223.20 0.090 %
PEBBLEBROOK HO 6.375% 10/15/29 70510LAA7 $25,481.86 0.090 %
NEW HOME CO INC 9.25% 10/01/29 645370AF4 $25,777.95 0.090 %
VISTAJET MALTA 7.875% 05/01/27 92840JAD1 $25,477.82 0.090 %
APOLLO CMMRL R 4.625% 06/15/29 03762UAD7 $27,736.48 0.090 %
CLARIOS GLOBAL 6.25% 05/15/26 69867DAA6 $25,568.44 0.090 %
NEWFOLD DIGITA 11.75% 10/15/28 650929AA0 $27,248.47 0.090 %
NEW FORTRESS ENE 6.5% 09/30/26 644393AB6 $25,534.27 0.090 %
STATION CASINO 4.625% 12/01/31 857691AH2 $27,482.44 0.090 %
ZIGGO BOND CO 5.125% 02/28/30 98953GAD7 $26,571.29 0.090 %
ADAPTHEALTH LL 5.125% 03/01/30 00653VAE1 $27,500.95 0.090 %
CHEMOURS CO 5.375% 05/15/27 163851AE8 $24,908.92 0.090 %
VISTAJET MALTA/V 9.5% 06/01/28 92841HAA0 $25,631.32 0.090 %
MRT MID PART/MR 11.5% 02/15/28 573334AK5 $26,902.87 0.090 %
LABL INC 5.875% 11/01/28 50168QAC9 $24,962.17 0.090 %
BRINKER INTERNA 8.25% 07/15/30 109641AK6 $26,753.74 0.090 %
BEACON ROOFING 4.125% 05/15/29 073685AH2 $25,559.86 0.090 %
CORNERSTONE BUIL 9.5% 08/15/29 21925DAB5 $25,579.98 0.090 %
DELEK LOG PART 7.125% 06/01/28 24665FAC6 $25,645.17 0.090 %
GLOBAL PART/GLP FI 7% 08/01/27 37954FAG9 $25,234.43 0.090 %
GOODYEAR TIRE 5.625% 04/30/33 382550BK6 $27,504.84 0.090 %
ODEON FINCO PL 12.75% 11/01/27 67585LAA3 $27,511.95 0.090 %
ANGI GROUP LLC 3.875% 08/15/28 001846AA2 $27,481.30 0.090 %
HELIOS SOFT/IO 4.625% 05/01/28 42329HAA6 $27,748.34 0.090 %
LINDBLAD EXPEDITIO 9% 05/15/28 535219AA7 $26,523.18 0.090 %
BLUE RACER MID 6.625% 07/15/26 095796AE8 $25,315.27 0.090 %
ALTA EQUIPMENT GRO 9% 06/01/29 02128LAC0 $27,127.16 0.090 %
MERCER INTL I 12.875% 10/01/28 588056BC4 $26,663.93 0.090 %
VAREX IMAGING 7.875% 10/15/27 92214XAC0 $26,322.93 0.090 %
MIWD HLDCO II/MI 5.5% 02/01/30 55337PAA0 $27,675.38 0.090 %
EVERGREEN ACQCO 9.75% 04/26/28 30015DAA9 $25,303.20 0.090 %
KAISER ALUMINUM 4.5% 06/01/31 483007AL4 $27,134.30 0.090 %
ENOVA INTERNAT 11.25% 12/15/28 29357KAH6 $27,785.80 0.090 %
CHEPLAPHARM ARZN 5.5% 01/15/28 16412EAA5 $27,124.82 0.090 %
ATI INC 5.875% 12/01/27 01741RAH5 $25,324.25 0.090 %
MAGNOLIA OIL G 6.875% 12/01/32 559665AB0 $25,649.12 0.090 %
HUDSON PACIFIC 4.65% 04/01/29 44409MAB2 $22,957.25 0.080 %
MAGNERA CORP 4.75% 11/15/29 377320AA4 $22,636.97 0.080 %
CVR ENERGY INC 5.75% 02/15/28 12662PAD0 $23,480.88 0.080 %
SCOTTS MIRACLE-G 4.5% 10/15/29 810186AS5 $23,876.99 0.080 %
ATI INC 5.125% 10/01/31 01741RAM4 $23,495.35 0.080 %
CONSOLIDATED COMMU 5% 10/01/28 20903XAH6 $23,549.72 0.080 %
ADAPTHEALTH LL 6.125% 08/01/28 00653VAA9 $24,753.37 0.080 %
HUDSON PACIFIC 3.95% 11/01/27 44409MAA4 $22,614.63 0.080 %
CONSOLIDATED E 5.625% 10/15/28 20914UAF3 $22,160.63 0.080 %
REWORLD HOLDING CO 5% 09/01/30 22282EAJ1 $23,282.15 0.080 %
SERVICE PROPERT 3.95% 01/15/28 44106MAX0 $22,879.74 0.080 %
ALGOMA STEEL I 9.125% 04/15/29 01566MAD7 $24,577.87 0.080 %
OUTFRONT MEDIA 4.25% 01/15/29 69007TAE4 $23,332.28 0.080 %
GENESIS ENERGY LP/ 8% 01/15/27 37185LAM4 $22,790.76 0.080 %
KENNEDY-WILSON 4.75% 02/01/30 489399AN5 $22,651.23 0.080 %
ACADIA HEALTHCARE 5% 04/15/29 00404AAP4 $24,227.47 0.080 %
COMSTOCK RESOUR 6.75% 03/01/29 205768AU8 $24,484.19 0.080 %
HUDSON PACIFIC 5.95% 02/15/28 44409MAD8 $22,083.09 0.080 %
TMS INTERNATION 6.25% 04/15/29 87261QAC7 $23,995.43 0.080 %
NCR VOYIX CORP 5.125% 04/15/29 62886EBA5 $22,385.51 0.080 %
TRANSOCEAN AQUILA 8% 09/30/28 893790AA3 $23,211.80 0.080 %
CARRIAGE SERVIC 4.25% 05/15/29 143905AP2 $23,226.06 0.080 %
SERVICE PROPERT 4.95% 02/15/27 44106MAW2 $24,542.20 0.080 %
STAR HOLDING LL 8.75% 08/01/31 85513AAA6 $24,336.93 0.080 %
SERVICE PROPERT 4.95% 10/01/29 44106MBB7 $24,886.97 0.080 %
ARCOSA INC 4.375% 04/15/29 039653AA8 $23,971.85 0.080 %
SERVICE PROPERT 4.75% 10/01/26 44106MBA9 $24,526.41 0.080 %
BRUNDAGE-BONE CO 7.5% 02/01/32 66981QAB2 $24,266.78 0.080 %
LIONS GATE CAPIT 5.5% 04/15/29 535939AA0 $23,895.43 0.080 %
PAYSAFE FIN PLC/PA 4% 06/15/29 70452AAA1 $23,798.25 0.080 %
SOTHEBY'S/BIDF 5.875% 06/01/29 83600GAA2 $22,549.70 0.080 %
GYP HOLDINGS I 4.625% 05/01/29 36261NAA5 $23,985.96 0.080 %
VM CONSOLIDATED 5.5% 04/15/29 91835HAA0 $24,424.06 0.080 %
NCL CORPORATION 6.25% 03/01/30 62886HBP5 $19,763.42 0.070 %
GETTY IMAGES IN 9.75% 03/01/27 374276AJ2 $20,194.67 0.070 %
ATI INC 4.875% 10/01/29 01741RAL6 $19,041.90 0.070 %
AVIS BUDGET CAR 5.75% 07/15/27 053773BE6 $19,532.92 0.070 %
AMERICAN AXLE 6.875% 07/01/28 02406PBA7 $19,603.73 0.070 %
MATTHEWS INTER 8.625% 10/01/27 577128AC5 $20,794.22 0.070 %
SCOTTS MIRACLE- 5.25% 12/15/26 810186AP1 $20,176.24 0.070 %
EMPIRE RESORTS 7.75% 11/01/26 292052AF4 $19,662.08 0.070 %
MARRIOTT OWNERS 4.75% 01/15/28 57164PAF3 $19,132.64 0.070 %
BLUE RACER MID 7.25% 07/15/32 095796AK4 $21,008.82 0.070 %
XEROX HOLDINGS 8.875% 11/30/29 98421MAC0 $21,461.76 0.070 %
C&S GROUP ENTERPRI 5% 12/15/28 12467AAF5 $21,265.51 0.070 %
PATRICK INDUSTR 4.75% 05/01/29 703343AD5 $19,194.49 0.070 %
BLUELINX HOLDING 6% 11/15/29 09624HAA7 $19,358.30 0.070 %
GLOBAL AUTO HO/ 8.75% 01/15/32 00033GAB1 $21,777.70 0.070 %
SUNRISE HOLDCO I 5.5% 01/15/28 90320LAG2 $19,944.65 0.070 %
INTERFACE INC 5.5% 12/01/28 458665AS5 $19,845.80 0.070 %
CLYDESDALE ACQ 6.875% 01/15/30 18972EAC9 $20,496.90 0.070 %
CCM MERGER INC 6.375% 05/01/26 14985VAE1 $20,525.78 0.070 %
MOTION FINCO S 8.375% 02/15/32 61980LAB5 $19,986.56 0.070 %
WR GRACE HOLDI 7.375% 03/01/31 92943GAE1 $20,162.30 0.070 %
TITAN INTERNATIONA 7% 04/30/28 88830MAM4 $20,450.42 0.070 %
VITAL ENERGY IN 7.75% 07/31/29 516806AH9 $19,686.83 0.070 %
OLYMPUS WTR US 7.125% 10/01/27 16308NAA2 $20,006.95 0.070 %
SERVICE PROPER 4.375% 02/15/30 44106MAY8 $19,661.00 0.070 %
LANDSEA HOMES 8.875% 04/01/29 51509PAA1 $19,119.49 0.070 %
ATI INC 7.25% 08/15/30 01741RAN2 $20,770.76 0.070 %
TENET HEALTHCA 6.875% 11/15/31 88033GAV2 $21,046.49 0.070 %
W & T OFFSHORE 10.75% 02/01/29 92922PAN6 $19,766.50 0.070 %
VITAL ENERGY IN 9.75% 10/15/30 516806AJ5 $21,315.31 0.070 %
AFRICELL HOLDIN 10.5% 10/23/29 00833NAA0 $20,520.51 0.070 %
COEUR MINING I 5.125% 02/15/29 192108BC1 $19,187.86 0.070 %
VERMILION ENERG 7.25% 02/15/33 923725AE5 $19,378.99 0.070 %
AMS-OSRAM AG 12.25% 03/30/29 03217CAB2 $20,734.10 0.070 %
GLOBAL PART/GL 6.875% 01/15/29 37954FAJ3 $20,221.06 0.070 %
GOTO GROUP INC 5.5% 05/01/28 38349YAA3 $21,682.69 0.070 %
CPI CG INC 10% 07/15/29 12598FAC3 $21,690.47 0.070 %
BOMBARDIER INC 7.45% 05/01/34 097751AL5 $21,325.38 0.070 %
TRUENOORD CAPIT 8.75% 03/01/30 89785GAA6 $20,543.55 0.070 %
KAROON USA FINA 10.5% 05/14/29 48575AAA9 $21,457.48 0.070 %
MANITOWOC COMPA 9.25% 10/01/31 563571AN8 $20,614.23 0.070 %
SUBURBAN PROPA 5.875% 03/01/27 864486AK1 $20,092.80 0.070 %
CENTURY ALUMINUM 7.5% 04/01/28 156431AN8 $20,179.48 0.070 %
BATH & BODY WOR 6.95% 03/01/33 532716AK3 $20,575.61 0.070 %
LFS TOPCO LLC 5.875% 10/15/26 50203TAA4 $20,053.22 0.070 %
WALGREENS BOOTS 4.5% 11/18/34 931427AB4 $18,721.25 0.060 %
LIONS GATE CAPIT 5.5% 04/15/29 53627NAE1 $16,685.46 0.060 %
SCOTTS MIRACLE 4.375% 02/01/32 810186AW6 $17,754.44 0.060 %
HUDSON PACIFIC 3.25% 01/15/30 44409MAC0 $17,509.96 0.060 %
PAPA JOHN'S IN 3.875% 09/15/29 698813AA0 $18,789.87 0.060 %
BLOOMIN' BRAND 5.125% 04/15/29 094234AA9 $17,764.60 0.060 %
AHLSTROM HLDG 4.875% 02/04/28 84612JAA0 $18,942.80 0.060 %
ARKO CORP 5.125% 11/15/29 041242AA6 $16,776.87 0.060 %
LABL INC 9.5% 11/01/28 50168QAE5 $18,286.04 0.060 %
LUMEN TECHNOLO 4.125% 04/15/29 550241AB9 $18,954.83 0.060 %
OWENS & MINOR IN 4.5% 03/31/29 690732AF9 $16,844.53 0.060 %
TRANSOCEAN POS 6.875% 02/01/27 89383JAA6 $18,496.66 0.060 %
HERENS HOLDCO S 4.75% 05/15/28 427169AA5 $18,389.29 0.060 %
BLOCK COMMUNIC 4.875% 03/01/28 093645AJ8 $18,983.87 0.060 %
PENN ENTERTAIN 4.125% 07/01/29 707569AV1 $13,528.58 0.050 %
LUMEN TECHNOLO 4.125% 04/15/30 550241AC7 $14,140.24 0.050 %
LINDBLAD EXPEDI 6.75% 02/15/27 53523LAA8 $15,017.72 0.050 %
BEAZER HOMES US 7.25% 10/15/29 07556QBT1 $15,295.36 0.050 %
GLOBAL INFRASTRU 7.5% 04/15/32 37960XAB3 $15,403.91 0.050 %
AG ISSUER LLC 6.25% 03/01/28 00119LAA9 $14,821.08 0.050 %
ACURIS FIN US/ACUR 5% 05/01/28 00511BAA5 $14,079.48 0.050 %
COGENT COMMS GRP / 7% 06/15/27 19240WAA7 $15,411.41 0.050 %
ADAMS HOMES INC 9.25% 10/15/28 00623PAB7 $15,843.42 0.050 %
WALGREENS BOOTS 4.65% 06/01/46 931427AR9 $13,332.95 0.050 %
CROCS INC 4.25% 03/15/29 227046AA7 $13,997.04 0.050 %
CLEARWATER PAPE 4.75% 08/15/28 18538RAJ2 $14,048.78 0.050 %
NEOGEN FOOD SA 8.625% 07/20/30 365417AA2 $16,093.57 0.050 %
FREEDOM MORTGA 7.625% 05/01/26 35640YAH0 $15,458.51 0.050 %
QVC INC 5.45% 08/15/34 747262AW3 $13,240.62 0.050 %
BEAZER HOMES USA 7.5% 03/15/31 07556QBU8 $14,671.14 0.050 %
ONT GAMING GTA/OTG 8% 08/01/30 68306MAA7 $15,259.56 0.050 %
JELD-WEN INC 7% 09/01/32 47580PAA1 $13,444.05 0.050 %
COMPASS GROUP DIVE 5% 01/15/32 20451RAC6 $13,714.17 0.050 %
ION TRADING TEC 5.75% 05/15/28 46205YAA9 $14,375.37 0.050 %
WABASH NATIONAL 4.5% 10/15/28 929566AL1 $13,811.96 0.050 %
PITNEY BOWES IN 7.25% 03/15/29 724479AQ3 $15,039.16 0.050 %
SUNNOVA ENERGY 5.875% 09/01/26 86745GAF0 $11,202.24 0.040 %
FRONTIER FLORID 6.86% 02/01/28 362333AH9 $10,355.57 0.040 %
XEROX CORPORATI 6.75% 12/15/39 984121CB7 $13,012.75 0.040 %
SUNNOVA ENERGY 11.75% 10/01/28 86745GAG8 $10,681.00 0.040 %
QVC INC 5.95% 03/15/43 747262AM5 $7,372.14 0.030 %
BAUSCH HEALTH C 5.75% 08/15/27 071734AC1 $10,066.81 0.030 %
OWENS-BROCKWAY 7.375% 06/01/32 69073TAV5 $9,846.28 0.030 %
BROOKFIELD RESID P 5% 06/15/29 11283YAG5 $9,172.85 0.030 %
XEROX CORPORATIO 4.8% 03/01/35 984121CL5 $4,619.92 0.020 %
SINCLAIR TELEV 4.375% 12/31/32 829259BF6 $6,338.37 0.020 %
As of 03/28/2025 and subject to change.

Performance

Growth Of $10,000 Since Inception

The Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Distributions

Ex-Date Record Date Pay Date Distribution Paid
(Per Share)
Mar 3, 2025 Mar 3, 2025 Mar 6, 2025 0.21997
Feb 3, 2025 Feb 3, 2025 Feb 6, 2025 0.17045
Dec 30, 2024 Dec 30, 2024 Jan 3, 2025 0.25004
Dec 2, 2024 Dec 2, 2024 Dec 5, 2024 0.24064
Nov 1, 2024 Nov 1, 2024 Nov 6, 2024 0.24220
Oct 1, 2024 Oct 1, 2024 Oct 4, 2024 0.24406
Sep 3, 2024 Sep 3, 2024 Sep 6, 2024 0.25193
Aug 1, 2024 Aug 1, 2024 Aug 6, 2024 0.25917
Jul 1, 2024 Jul 1, 2024 Jul 5, 2024 0.23720
Jun 3, 2024 Jun 3, 2024 Jun 6, 2024 0.26300
May 1, 2024 May 2, 2024 May 7, 2024 0.26022
Apr 1, 2024 Apr 2, 2024 Apr 5, 2024 0.26205
Mar 1, 2024 Mar 4, 2024 Mar 7, 2024 0.25323
Feb 1, 2024 Feb 2, 2024 Feb 7, 2024 0.27428
Dec 28, 2023 Dec 29, 2023 Jan 4, 2024 0.26259
Dec 1, 2023 Dec 4, 2023 Dec 7, 2023 0.25794
Nov 1, 2023 Nov 2, 2023 Nov 7, 2023 0.26353
Oct 2, 2023 Oct 3, 2023 Oct 6, 2023 0.25003
Sep 1, 2023 Sep 5, 2023 Sep 8, 2023 0.27155
Aug 1, 2023 Aug 2, 2023 Aug 7, 2023 0.26295
Jul 3, 2023 Jul 5, 2023 Jul 10, 2023 0.23266
Jun 1, 2023 Jun 2, 2023 Jun 7, 2023 0.29722
May 1, 2023 May 2, 2023 May 5, 2023 0.25574
Apr 3, 2023 Apr 4, 2023 Apr 7, 2023 0.26320
Mar 1, 2023 Mar 2, 2023 Mar 7, 2023 0.24120
Feb 1, 2023 Feb 2, 2023 Feb 7, 2023 0.24838
Dec 29, 2022 Dec 30, 2022 Jan 5, 2023 0.27876
Dec 1, 2022 Dec 2, 2022 Dec 7, 2022 0.25381
Nov 1, 2022 Nov 2, 2022 Nov 7, 2022 0.26499
Oct 3, 2022 Oct 4, 2022 Oct 7, 2022 0.29601
Sep 1, 2022 Sep 2, 2022 Sep 8, 2022 0.26661
Aug 1, 2022 Aug 2, 2022 Aug 5, 2022 0.27172
Jul 1, 2022 Jul 5, 2022 Jul 8, 2022 0.26710

Yield to Worst: The bond yield is computed by using the lower of either the yield to maturity or the yield to call on every possible call date. Yield to worst is shown for all securities with the exception of agency mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS). Agency MBS are priced based on zero volatility yield. CMBS and ABS are priced based on effective maturity.

Option Adjusted Duration is a measure of the potential responsiveness of a bond or portfolio price to parallel shifts in interest rates.

After Tax Post-Liq.(%): After-Tax Post-Liquidation Returns measure the performance of the fund after accounting for both taxes on distributions and the taxes incurred from selling the fund shares. This metric provides a comprehensive view of the investment’s tax impact, including the realization of capital gains or losses upon the sale. The highest marginal Federal tax rate is assumed.

After Tax Pre-Liq.(%): After-Tax Pre-Liquidation Returns refer to the performance of the fund after considering the impact of taxes on distributions, but before any action to sell the fund shares is taken. This measure provides investors with insight into how taxes affect their returns without factoring in the potential taxes from selling the investment, thus focusing solely on the tax implications of the fund’s income and capital gains distributions. The highest marginal Federal tax rate is assumed.

After-tax yield: The after-tax yield is the return that investors can expect to receive after accounting for taxes owed on the interest income generated by the bond. This yield is particularly important when comparing the returns on municipal bonds, which are often exempt from federal income tax (and sometimes state and local taxes if the bond is issued within the investor’s state of residence), with those on taxable bonds, like corporate or government bonds.

Tax Equivalent Yield: The tax-equivalent yield (TEY) is the yield that a taxable bond would need to equal the yield on a comparable tax-exempt municipal bond, taking into account the impact of taxes. The calculation is a tool that investors can use to fairly compare the yield between a tax-free investment and a taxable alternative. TEY assumes the highest marginal Federal tax rate, is measured at the individual bond level, and aggregated to the portfolio level.

Tax Equivalent Yield = Tax Free Municipal Bond Yield / (1-Tax Rate)

Effective duration: Effective duration is a way to measure interest-rate sensitivity for bonds that have embedded options, such as callable or puttable features. Effective duration captures the potential variations in cash flows due to these options, and can be measured using modified duration for option-free bonds. The calculation is measured at the individual bond level and then aggregated to the portfolio level.

The 30-Day SEC Yield represents net investment income earned by the fund over the 30-Day period, expressed as an annual percent age rate based on the fund’s share price at the end of the 30-Day period.

Option Adjusted Duration is a measure of the potential responsiveness of a bond or portfolio price to parallel shifts in interest rates.

The values shown are based off of a price provided by the Fund’s third-party index provider, using the bid price for each security (the “index price”). Because the Fund values its securities at the midpoint between the bid and ask prices for most securities, the index price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). The values shown may have been different if the valuation price were to have been used to calculate such values. The index price is as of the most recent date for which a price is available, and may not necessarily be as of the date shown above.

Market Price: Inception date for Market Price Calculation is as of 9/13/22. Market Returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.

NAV: Inception date for NAV calculation is as of 9/13/22.

Number of Countries: The number of unique countries that have issued bonds represented in the fund.

Spread to Worst: Spread to worst is a bond’s yield to worst minus the yield at a point on the fair value government yield curve that corresponds to the bond’s expected redemption date.

NAV: Inception date for NAV calculation is as of 2/15/22.

Premium Discount disclosure to be added here.

Index disclosure to be added here.

Market Price: Inception date for Market Price Calculation is as of 2/17/22. Market Returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.

Total return disclosure to be added here.

The Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Index Market Cap represents aggregate market value of bonds in the underlying index.

The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made per the past twelve months.

30 Day SEC Yield: A standard calculation of yield introduced by the SEC in order to provide fairer comparison among funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the Fund’s expenses for the period. It does not reflect the yield an investor would have received if they had held the Fund over the last twelve months assuming the most recent NAV. Distributions may vary from time to time.

Spread Duration is a measure of the potential responsiveness of a bond or portfolio price to changes in credit spread.

The values shown are based off of a price provided by the Fund’s third-party index provider, using the bid price for each security (the “index price”). Because the Fund values its securities at the midpoint between the bid and ask prices for most securities, the index price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). The values shown may have been different if the valuation price were to have been used to calculate such values. The index price is as of the most recent date for which a price is available, and may not necessarily be as of the date shown above.

Option Adjusted Spread (OAS): OAS is the yield spread between a bond or portfolio and a risk-free benchmark, typically US government securities, adjusted for the effects of embedded options. It reflects compensation for credit, liquidity, and other risks, excluding interest rate volatility.

The values shown are based off of a price provided by the Fund’s third-party index provider, using the bid price for each security (the “index price”). Because the Fund values its securities at the midpoint between the bid and ask prices for most securities, the index price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). The values shown may have been different if the valuation price were to have been used to calculate such values. The index price is as of the most recent date for which a price is available, and may not necessarily be as of the date shown above.

Yield to Worst: The bond yield is computed by using the lower of either the yield to maturity or the yield to call on every possible call date.

The values shown are based off of a price provided by the Fund’s third-party index provider, using the bid price for each security (the “index price”). Because the Fund values its securities at the midpoint between the bid and ask prices for most securities, the index price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). The values shown may have been different if the valuation price were to have been used to calculate such values. The index price is as of the most recent date for which a price is available, and may not necessarily be as of the date shown above.

Yield to Maturity: The discount rate that equates the present value of a bond’s cash flows with its market price (including accrued interest). The Fund Average Yield to Maturity is the weighted average of the fund’s individual bond holding yields based on Net Asset Value (‘NAV’). The measure does not include fees and expenses. For callable bonds, this yield is the yield-to-worst.

The values shown are based off of a price provided by the Fund’s third-party index provider, using the bid price for each security (the “index price”). Because the Fund values its securities at the midpoint between the bid and ask prices for most securities, the index price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). The values shown may have been different if the valuation price were to have been used to calculate such values. The index price is as of the most recent date for which a price is available, and may not necessarily be as of the date shown above.

Average Maturity: The average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

Average Coupon: The average coupon rate of the underlying bonds in the fund, weighted by each bond’s face value.

Number of Issuers: The number of unique companies that have issued bonds represented in the fund (distinct from the number of issues from a company).

Expense Ratio: As stated in the Fund’s current prospectus.

Acquired Fund Fees and Expenses (“AFFE”) reflect the Fund’s pro rata share of the indirect fees and expenses incurred by investing in one or more acquired funds, such as mutual funds, business development companies, or other pooled investment vehicles. AFFE are reflected in the prices of the acquired funds and thus included in the total returns of the Fund.

NAIC Rating: Property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. An NAIC Designation is a proprietary symbol used by the NAIC Securities Valuation Office (SVO) to denote a category or band of credit risk (i.e., the likelihood of repayment in accordance with a written contract) for an issuer or for a security. NAIC Designations may be notched up or down to reflect the position of a specific liability in the issuer’s capital structure and/or the existence of other non-payment risk in the specific security. Under NAIC reporting rules, shares of an ETF are presumed to be reportable as common stock. The SVO may classify an ETF as a bond or preferred stock and assign it an NAIC Designation if it meets defined criteria. For a discussion of these criteria please call the SVO or refer to the Purposes and Procedures Manual of the NAIC Investment Analysis Office. The assignment of an NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

The Securities Valuation Office (“SVO”) of the National Association of Insurance Commissioners (“NAIC”) assesses the credit quality of fixed income securities owned by state-regulated insurance companies and assigns appropriate NAIC designations, ranging from the highest quality of “1” to the lowest of “6.”  For more information visit https://content.naic.org/