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XB

BondBloxx B Rated USD High Yield Corporate Bond ETF

Net asset value

$39.58

EXPENSE RATIO

0.30%

Yield to Maturity

7.55%

30-Day Sec Yield

6.99%
ALL DATA AS OF 02/11/2025, UNLESS OTHERWISE STATED. 30-DAY SEC YIELD AS OF 01/31/2025. 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 $29,687,129
Shares Outstanding 750,000
Median Spread 0.53%
Premium Discount Ratio 0.06%
Closing Price as of 02/11/2025 $39.61

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 647
Number of Issuers 396
Average Coupon 7.16%
Average Maturity 4.48 Years
* 30-Day SEC Yield is as of 01/31/2025
Yield to Maturity 7.55%
Yield to Worst 7.24%
Option Adjusted Spread 265
Spread Duration 2.63
30-Day SEC Yield* 6.99%

Portfolio Breakdown

Corporate 99.8%
Cash and Equivalents 0.2%
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 $471.850B

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 1.62 %
Univision Communications Inc. 1.29 %
EchoStar Corp. 1.25 %
Post Holdings Inc. 1.10 %
Bombardier Inc. 1.09 %
Service Properties Trust 1.04 %
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 0.97 %
TransDigm Inc. 0.97 %
Level 3 Financing Inc. 0.95 %
Nationstar Mortgage LLC 0.95 %
Name CUSIP Market Value % of Net Assets
ECHOSTAR CORP 10.75% 11/30/29 278768AC0 $370,342.51 1.250 %
CLOUD SOFTWARE G 6.5% 03/31/29 88632QAE3 $251,878.88 0.850 %
DISH NETWORK C 11.75% 11/15/27 25470MAG4 $238,052.85 0.800 %
HUB INTERNATION 7.25% 06/15/30 44332PAH4 $219,586.54 0.740 %
UNITI GROUP/CSL 10.5% 02/15/28 91327TAA9 $205,879.25 0.690 %
PANTHER ESCROW 7.125% 06/01/31 69867RAA5 $197,017.32 0.660 %
MAUSER PACKAGI 7.875% 04/15/27 57763RAD9 $179,982.19 0.610 %
NFE FINANCING LLC 12% 11/15/29 62909BAA5 $180,896.05 0.610 %
TENET HEALTHCA 6.125% 10/01/28 88033GDK3 $178,765.59 0.600 %
1011778 BC / NEW R 4% 10/15/30 68245XAM1 $174,486.67 0.590 %
TRANSDIGM INC 5.5% 11/15/27 893647BL0 $165,425.63 0.560 %
CHS/COMMUNITY 10.875% 01/15/32 12543DBN9 $163,859.21 0.550 %
UKG INC 6.875% 02/01/31 90279XAA0 $163,391.31 0.550 %
MEDLINE BORROWE 5.25% 10/01/29 62482BAB8 $158,002.13 0.530 %
STAPLES INC 10.75% 09/01/29 855030AQ5 $157,994.51 0.530 %
NEPTUNE BIDCO U 9.29% 04/15/29 640695AA0 $153,625.43 0.520 %
WINDSTREAM SERV 8.25% 10/01/31 97381AAA0 $149,638.77 0.500 %
ALLIED UNIVERS 7.875% 02/15/31 019576AD9 $149,203.29 0.500 %
SAKS GLOBAL ENTER 11% 12/15/29 79380MAA3 $135,289.41 0.460 %
SS&C TECHNOLOGIE 5.5% 09/30/27 78466CAC0 $131,933.59 0.440 %
OLYMPUS WTR US 9.75% 11/15/28 25259KAA8 $120,409.43 0.410 %
BAUSCH HEALTH COS 11% 09/30/28 071734AQ0 $121,213.55 0.410 %
CLOUD SOFTWARE 8.25% 06/30/32 18912UAC6 $120,589.39 0.410 %
CHS/COMMUNITY 5.625% 03/15/27 12543DBG4 $119,493.46 0.400 %
CONNECT FINCO SARL 9% 09/15/29 20752TAB0 $118,181.70 0.400 %
ORGANON & CO/O 5.125% 04/30/31 68622TAB7 $118,354.29 0.400 %
TENNECO INC 8% 11/17/28 880349AU9 $118,502.58 0.400 %
NCL CORPORATION 6.75% 02/01/32 62886HBR1 $117,240.66 0.390 %
FRONTIER COMMUNICA 5% 05/01/28 35906ABF4 $110,611.50 0.370 %
CLARIOS GLOBAL L 8.5% 05/15/27 69867DAC2 $102,640.07 0.350 %
LEVEL 3 FINANCING 11% 11/15/29 527298BV4 $104,429.51 0.350 %
ALLIANT HOLD / CO- 7% 01/15/31 01883LAF0 $102,493.90 0.350 %
UNIVISION COMM 6.625% 06/01/27 914906AU6 $101,221.84 0.340 %
TK ELEVATOR US 5.25% 07/15/27 92537RAA7 $98,973.37 0.330 %
PG&E CORP V/R 03/15/55 69331CAM0 $95,634.00 0.320 %
PRIME HEALTHCA 9.375% 09/01/29 74165HAC2 $94,178.57 0.320 %
BAUSCH + LOMB 8.375% 10/01/28 071705AA5 $91,734.18 0.310 %
WALGREENS BOOTS 3.45% 06/01/26 931427AQ1 $93,087.80 0.310 %
NGL ENRGY OP/F 8.375% 02/15/32 62922LAD0 $87,906.62 0.300 %
CITGO PETROLEU 8.375% 01/15/29 17302XAN6 $87,994.24 0.300 %
UNIVISION COMMUNIC 8% 08/15/28 914906AY8 $90,227.74 0.300 %
CALPINE CORP 5.125% 03/15/28 131347CN4 $90,426.18 0.300 %
BRAND INDUSTR 10.375% 08/01/30 104931AA8 $87,597.78 0.300 %
POST HOLDINGS 4.625% 04/15/30 737446AQ7 $90,230.38 0.300 %
FRONTIER COMMUN 8.75% 05/15/30 35908MAD2 $86,238.87 0.290 %
SPIRIT AEROSYST 9.75% 11/15/30 85205TAR1 $84,714.79 0.290 %
ZAYO GROUP HOLDING 4% 03/01/27 98919VAA3 $86,177.14 0.290 %
UNIVISION COMMUN 8.5% 07/31/31 914906AZ5 $85,319.20 0.290 %
LEVEL 3 FINANCI 10.5% 05/15/30 527298BU6 $84,129.38 0.280 %
EG GLOBAL FINANCE 12% 11/30/28 28228PAC5 $80,131.94 0.270 %
CHURCHILL DOWNS 5.75% 04/01/30 12511VAA6 $80,574.31 0.270 %
POST HOLDINGS 6.375% 03/01/33 737446AV6 $81,402.74 0.270 %
LIVE NATION ENT 4.75% 10/15/27 538034AR0 $79,197.46 0.270 %
RAVEN ACQUISIT 6.875% 11/15/31 75420NAA1 $81,125.44 0.270 %
HERTZ CORP/TH 12.625% 07/15/29 428040DC0 $81,487.71 0.270 %
TENET HEALTHCAR 6.25% 02/01/27 88033GDS6 $80,334.28 0.270 %
LIFEPOINT HEALTH 11% 10/15/30 53219LAW9 $79,995.09 0.270 %
PRIME SECSRVC B 6.25% 01/15/28 74166MAE6 $80,301.77 0.270 %
BORR IHC LTD / BO 10% 11/15/28 100018AA8 $79,708.78 0.270 %
BAUSCH HEALTH 4.875% 06/01/28 071734AN7 $81,365.96 0.270 %
CHS/COMMUNITY H 5.25% 05/15/30 12543DBM1 $78,603.88 0.260 %
FRONTIER COMMU 5.875% 10/15/27 35906ABE7 $76,500.96 0.260 %
DELEK LOG PART 8.625% 03/15/29 24665FAD4 $75,725.91 0.260 %
COMSTOCK RESOUR 6.75% 03/01/29 205768AS3 $76,087.36 0.260 %
ALLIANT HOLD / 6.75% 04/15/28 01883LAE3 $77,580.79 0.260 %
WAND NEWCO 3 I 7.625% 01/30/32 933940AA6 $77,570.14 0.260 %
FREEDOM MORTGAGE 12% 10/01/28 35640YAK3 $73,646.93 0.250 %
POST HOLDINGS IN 5.5% 12/15/29 737446AP9 $73,978.66 0.250 %
H&E EQUIPMENT 3.875% 12/15/28 404030AJ7 $75,318.04 0.250 %
KEHE DIST/FIN / NE 9% 02/15/29 487526AC9 $70,142.87 0.240 %
STAR PARENT INC 9% 10/01/30 855170AA4 $70,089.24 0.240 %
PETSMART INC/PE 7.75% 02/15/29 71677KAB4 $71,254.10 0.240 %
HUSKY INJECTION / 9% 02/15/29 44805RAA3 $71,110.07 0.240 %
CLEAR CHANNEL 5.125% 08/15/27 18453HAA4 $70,036.27 0.240 %
MOHEGAN TRIBAL GAM 8% 02/01/26 608328BH2 $69,921.65 0.240 %
VERITIV OPERATI 10.5% 11/30/30 92339LAA0 $71,901.12 0.240 %
RR DONNELLEY & S 9.5% 08/01/29 257867BJ9 $72,181.04 0.240 %
ITT HOLDINGS LLC 6.5% 08/01/29 45074JAA2 $70,691.52 0.240 %
EQUIPMENTSHARE.COM 9% 05/15/28 29450YAA7 $69,966.33 0.240 %
SCIH SALT HOLD 4.875% 05/01/28 78433BAA6 $69,092.10 0.230 %
ARDONAGH FINCO 7.75% 02/15/31 039853AA4 $67,119.75 0.230 %
BRIGHTLINE EAST L 11% 01/31/30 093536AA8 $68,542.09 0.230 %
USA COM PART/U 7.125% 03/15/29 91740PAG3 $68,465.78 0.230 %
FREEDOM MORTGAG 9.25% 02/01/29 35641AAA6 $67,718.79 0.230 %
ATLAS LUXCO 4 4.625% 06/01/28 019579AA9 $67,647.07 0.230 %
ACRISURE LLC / F 7.5% 11/06/30 00489LAL7 $68,405.29 0.230 %
LCM INVESTMENT 4.875% 05/01/29 50190EAA2 $67,271.75 0.230 %
CAESARS ENTERTAIN 6% 10/15/32 12769GAD2 $69,460.15 0.230 %
CAESARS ENTERT 4.625% 10/15/29 12769GAA8 $67,327.64 0.230 %
ARAMARK SERVICES I 5% 02/01/28 038522AQ1 $68,765.74 0.230 %
ILIAD HOLDING SAS 7% 10/15/28 449691AC8 $67,360.54 0.230 %
MIDAS OPCO HOL 5.625% 08/15/29 59565JAA9 $69,316.55 0.230 %
TRIUMPH GROUP INC 9% 03/15/28 896818AU5 $68,690.98 0.230 %
PACTIV EVERGREEN G 4% 10/15/27 76174LAA1 $66,039.87 0.220 %
ENDO FINANCE HOL 8.5% 04/15/31 29281RAA7 $65,821.38 0.220 %
ASTON MARTIN CAPI 10% 03/31/29 04625HAJ8 $66,752.72 0.220 %
TRONOX INC 4.625% 03/15/29 897051AC2 $64,554.28 0.220 %
TRIVIUM PACKAGIN 5.5% 08/15/26 89686QAA4 $66,344.44 0.220 %
SERVICE PROPER 8.625% 11/15/31 81761LAC6 $65,119.25 0.220 %
BOMBARDIER INC 7% 06/01/32 097751CC3 $66,478.79 0.220 %
VISTAJET MALTA 6.375% 02/01/30 92840JAB5 $64,825.00 0.220 %
GRIFFON CORPORA 5.75% 03/01/28 398433AP7 $66,094.28 0.220 %
GOODYEAR TIRE & RU 5% 05/31/26 382550BF7 $65,299.84 0.220 %
HOWDEN UK REFIN 7.25% 02/15/31 44287GAA4 $63,080.67 0.210 %
US ACUTE CARE S 9.75% 05/15/29 90367UAD3 $62,469.09 0.210 %
TRANSDIGM INC 4.625% 01/15/29 893647BP1 $61,689.25 0.210 %
ALLIED UNIVERS 4.625% 06/01/28 049362AA4 $62,649.54 0.210 %
DIEBOLD NIXDORF 7.75% 03/31/30 253651AK9 $62,698.68 0.210 %
AMENTUM HOLDING 7.25% 08/01/32 02352BAA3 $61,138.22 0.210 %
FOCUS FINANCIAL 6.75% 09/15/31 34417VAA5 $62,208.75 0.210 %
ALPHA GENERATIO 6.75% 10/15/32 02073LAA9 $62,050.68 0.210 %
ALLIANT HOLD / C 6.5% 10/01/31 01883LAG8 $61,676.19 0.210 %
COMPASS GROUP D 5.25% 04/15/29 20451RAB8 $63,824.09 0.210 %
ION TRADING TECH 9.5% 05/30/29 46205YAB7 $63,466.92 0.210 %
LIFEPOINT HEAL 9.875% 08/15/30 53219LAV1 $61,758.84 0.210 %
OWENS-BROCKWAY 7.25% 05/15/31 69073TAU7 $61,912.12 0.210 %
AETHON UN/AETHIN 7.5% 10/01/29 00810GAD6 $62,995.06 0.210 %
COMSTOCK RESOU 5.875% 01/15/30 205768AT1 $61,840.91 0.210 %
FRONTIER COMMUN 6.75% 05/01/29 35906ABG2 $61,839.00 0.210 %
NATIONSTAR MTG H 6.5% 08/01/29 63861CAG4 $62,536.49 0.210 %
NATIONSTAR MTG H 5.5% 08/15/28 63861CAC3 $60,408.70 0.200 %
FRONTIER COMMUNICA 6% 01/15/30 35908MAB6 $60,445.20 0.200 %
TRANSOCEAN INC 8.75% 02/15/30 893830BX6 $60,017.18 0.200 %
TRANSDIGM INC 4.875% 05/01/29 893647BQ9 $59,743.21 0.200 %
CLEAR CHANNEL 7.875% 04/01/30 18453HAF3 $58,294.90 0.200 %
ILIAD HOLDING SA 8.5% 04/15/31 449691AF1 $60,093.17 0.200 %
HANESBRANDS IN 4.875% 05/15/26 410345AL6 $60,269.35 0.200 %
VITAL ENERGY I 7.875% 04/15/32 516806AK2 $60,682.81 0.200 %
SUMMIT MIDSTRE 8.625% 10/31/29 86614JAA3 $60,374.63 0.200 %
CERDIA FINANZ 9.375% 10/03/31 15679GAC6 $59,047.66 0.200 %
CLEAR CHANNEL OUTD 9% 09/15/28 18453HAE6 $60,120.12 0.200 %
GENESIS ENERGY 7.875% 05/15/32 37185LAQ5 $55,765.09 0.190 %
NATIONSTAR MTG 7.125% 02/01/32 63861CAF6 $56,532.67 0.190 %
MAGNERA CORP 7.25% 11/15/31 55939AAA5 $55,478.15 0.190 %
WASH MULTIFAM A 5.75% 04/15/26 93710WAA3 $55,898.89 0.190 %
VIKING BAKED G 8.625% 11/01/31 92676AAA5 $55,144.36 0.190 %
ARCHES BUYER IN 4.25% 06/01/28 039524AA1 $56,603.33 0.190 %
CALIFORNIA RESO 8.25% 06/15/29 13057QAK3 $57,068.80 0.190 %
FERTITTA ENTER 4.625% 01/15/29 31556TAA7 $56,472.64 0.190 %
NGL ENRGY OP/F 8.125% 02/15/29 62922LAC2 $57,003.93 0.190 %
BAUSCH HEALTH 6.125% 02/01/27 071734AP2 $56,120.19 0.190 %
WASTE PRO USA INC 7% 02/01/33 94107JAC7 $56,169.99 0.190 %
LABL INC 8.625% 10/01/31 50168QAF2 $55,012.18 0.190 %
RAKUTEN GROUP INC V/R /PERP/ 75102WAM0 $55,950.09 0.190 %
COINBASE GLOBA 3.375% 10/01/28 19260QAC1 $55,486.88 0.190 %
NESCO HOLDINGS I 5.5% 04/15/29 64083YAA9 $57,684.18 0.190 %
CALPINE CORP 5% 02/01/31 131347CQ7 $52,636.52 0.180 %
WINDSOR HOLDINGS 8.5% 06/15/30 97360AAA5 $53,673.77 0.180 %
B&G FOODS INC 8% 09/15/28 05508WAC9 $52,882.23 0.180 %
OLYMPUS WTR US 7.25% 06/15/31 681639AD2 $52,346.35 0.180 %
AG TTMT ESCROW 8.625% 09/30/27 00840KAA7 $53,603.85 0.180 %
FORTRESS INTERME 7.5% 06/01/31 34966MAA0 $52,179.81 0.180 %
LCM INVESTMENTS 8.25% 08/01/31 50190EAC8 $52,878.99 0.180 %
UNIVISION COMMUN 4.5% 05/01/29 914906AV4 $54,675.58 0.180 %
BELLRING BRANDS IN 7% 03/15/30 07831CAA1 $53,151.57 0.180 %
UNIVISION COMM 7.375% 06/30/30 914906AX0 $54,430.27 0.180 %
SIX FLAGS ENTER 7.25% 05/15/31 83001AAD4 $52,308.72 0.180 %
SABRE GLBL INC 10.75% 11/15/29 78573NAL6 $54,123.90 0.180 %
RITCHIE BROS HL 7.75% 03/15/31 76774LAC1 $54,105.89 0.180 %
ROCKET SOFTWARE IN 9% 11/28/28 77314EAB4 $53,045.95 0.180 %
SIMMONS FOOD I 4.625% 03/01/29 82873MAA1 $52,433.66 0.180 %
RITHM CAPITAL CORP 8% 04/01/29 64828TAB8 $52,024.61 0.180 %
CHS/COMMUNITY H 4.75% 02/15/31 12543DBK5 $54,709.00 0.180 %
POST HOLDINGS IN 4.5% 09/15/31 737446AR5 $54,710.08 0.180 %
CD&R SMOKEY / RA 9.5% 10/15/29 12515KAA6 $51,185.46 0.170 %
GARRETT MOTION 7.75% 05/31/32 366504AA6 $51,473.10 0.170 %
BOMBARDIER INC 6% 02/15/28 097751BX8 $51,307.00 0.170 %
FRONTIER COMMU 8.625% 03/15/31 35908MAE0 $49,728.99 0.170 %
ARETEC GROUP INC 10% 08/15/30 04020JAA4 $51,394.17 0.170 %
HRT DNT / HRT D 10.5% 04/30/28 42239PAB5 $49,002.94 0.170 %
JONES DESLAURIER 8.5% 03/15/30 48020RAB1 $49,208.14 0.170 %
CASH CASH $50,010.10 0.170 %
MCGRAW-HILL EDU 5.75% 08/01/28 57767XAA8 $49,138.49 0.170 %
CLUE OPCO LLC 9.5% 10/15/31 36267QAA2 $49,078.36 0.170 %
WR GRACE HOLDI 4.875% 06/15/27 92943GAD3 $49,250.82 0.170 %
OUTFRONT MEDIA CAP 5% 08/15/27 69007TAB0 $50,320.22 0.170 %
VIKING CRUISES 5.875% 09/15/27 92676XAD9 $50,864.32 0.170 %
CLARIV SCI HLD 4.875% 07/01/29 18064PAD1 $51,841.89 0.170 %
CONSOLIDATED ENER 12% 02/15/31 20914UAH9 $49,101.17 0.170 %
VIKING CRUISES 9.125% 07/15/31 92676XAG2 $49,154.84 0.170 %
BOMBARDIER INC 8.75% 11/15/30 097751CA7 $49,045.54 0.170 %
INTELLIGENT PACKAG 6% 09/15/28 45827MAA5 $51,114.30 0.170 %
RAKUTEN GROUP INC V/R /PERP/ 75102WAA6 $49,408.30 0.170 %
HTA GROUP LTD 7.5% 06/04/29 40435WAC4 $51,594.33 0.170 %
ILIAD HOLDING SAS 7% 04/15/32 449691AG9 $50,859.28 0.170 %
SIX FLAG/CAN/M 5.375% 04/15/27 150190AB2 $50,479.82 0.170 %
SC GAMES HOLDI 6.625% 03/01/30 80874DAA4 $50,004.74 0.170 %
NORTHERN OIL & 8.125% 03/01/28 665531AG4 $47,440.12 0.160 %
CLARIOS GLOBAL 6.75% 05/15/28 18060TAC9 $46,571.96 0.160 %
VIRGIN MEDIA FINAN 5% 07/15/30 92769VAJ8 $48,111.15 0.160 %
BROOKFIELD PPTY 4.5% 04/01/27 11284DAC9 $48,809.89 0.160 %
LEVEL 3 FINANCI 10.5% 04/15/29 527298BX0 $46,878.33 0.160 %
CLYDESDALE ACQ 6.625% 04/15/29 18972EAA3 $46,311.95 0.160 %
ADIENT GLOBAL 4.875% 08/15/26 00687YAA3 $46,090.62 0.160 %
AMWINS GROUP I 6.375% 02/15/29 031921AC3 $46,948.18 0.160 %
ELLUCIAN HOLDING 6.5% 12/01/29 289178AA3 $46,050.20 0.160 %
OLYMPUS WTR US 4.25% 10/01/28 681639AA8 $47,966.79 0.160 %
CHEMOURS CO 5.75% 11/15/28 163851AF5 $48,260.13 0.160 %
BOMBARDIER INC 7.25% 07/01/31 097751CB5 $46,377.99 0.160 %
ELANCO ANIMAL H 6.65% 08/28/28 28414HAG8 $47,410.58 0.160 %
LEVEL 3 FINANC 10.75% 12/15/30 527298BZ5 $46,071.07 0.160 %
ACRISURE LLC / 4.25% 02/15/29 00489LAF0 $48,482.53 0.160 %
BOMBARDIER INC 7.5% 02/01/29 097751BZ3 $46,705.81 0.160 %
TALLGRASS NRG PRTN 6% 12/31/30 87470LAJ0 $48,382.97 0.160 %
FREEDOM MORTGA 9.125% 05/15/31 35641AAB4 $47,433.83 0.160 %
MERCER INTL IN 5.125% 02/01/29 588056BB6 $48,346.36 0.160 %
AMC NETWORKS IN 4.25% 02/15/29 00164VAF0 $48,527.38 0.160 %
AMWINS GROUP I 4.875% 06/30/29 031921AB5 $47,933.34 0.160 %
HILTON GRAND VAC L 5% 06/01/29 43284MAA6 $48,148.67 0.160 %
WALGREENS BOOT 8.125% 08/15/29 931427AW8 $47,543.05 0.160 %
SS&C TECHNOLOGIE 6.5% 06/01/32 78466CAD8 $46,329.27 0.160 %
WATCO COS LLC/ 7.125% 08/01/32 941130AD8 $46,772.65 0.160 %
SOTERA HEALTH 7.375% 06/01/31 83600WAE9 $46,755.41 0.160 %
GOODYEAR TIRE & RU 5% 07/15/29 382550BN0 $46,627.13 0.160 %
AMERIGAS PART/ 5.875% 08/20/26 030981AJ3 $46,057.13 0.160 %
FERRELLGAS LP/ 5.875% 04/01/29 315289AC2 $47,942.54 0.160 %
KEDRION SPA 6.5% 09/01/29 49272YAB9 $47,956.42 0.160 %
MOSS CREEK RESO 8.25% 09/01/31 61965RAC9 $47,011.97 0.160 %
MCGRAW-HILL ED 7.375% 09/01/31 58064LAA2 $48,161.22 0.160 %
CNTRL PARENT/CD 7.25% 06/15/29 15477CAA3 $47,710.30 0.160 %
ENERGIZER HOLD 4.375% 03/31/29 29272WAD1 $47,649.79 0.160 %
USA COM PART/U 6.875% 09/01/27 91740PAF5 $46,630.19 0.160 %
GEO GROUP INC/ 10.25% 04/15/31 36162JAH9 $45,112.10 0.150 %
PRIMO WATER HO 4.375% 04/30/29 74168LAA4 $43,194.50 0.150 %
LIGHT & WONDER INT 7% 05/15/28 80874YBC3 $45,923.52 0.150 %
CAMELOT RETURN 8.75% 08/01/28 13323NAA0 $44,179.20 0.150 %
SOTHEBY'S 7.375% 10/15/27 835898AH0 $45,257.70 0.150 %
STATION CASINOS 4.5% 02/15/28 857691AG4 $44,232.99 0.150 %
TALLGRASS NRG PR 5.5% 01/15/28 87470LAD3 $44,209.86 0.150 %
BORR IHC LTD 10.375% 11/15/30 100018AB6 $43,312.34 0.150 %
GFL ENVIRONMENT 4.75% 06/15/29 36168QAN4 $43,681.38 0.150 %
COINBASE GLOBA 3.625% 10/01/31 19260QAD9 $43,723.03 0.150 %
CONSOLIDATED COM 6.5% 10/01/28 20903XAF0 $45,264.78 0.150 %
ALLIANT HOLD / 4.25% 10/15/27 01883LAB9 $44,030.57 0.150 %
BOYNE USA INC 4.75% 05/15/29 103557AC8 $43,383.06 0.150 %
CHURCHILL DOWNS 4.75% 01/15/28 171484AE8 $43,932.69 0.150 %
CINEMARK USA IN 5.25% 07/15/28 172441BF3 $44,252.07 0.150 %
LIFEPOINT HEAL 8.375% 02/15/32 53219LAY5 $46,007.92 0.150 %
GENESIS ENERGY 7.75% 02/01/28 37185LAL6 $45,382.32 0.150 %
MIDWEST GMNG B 4.875% 05/01/29 59833DAB6 $43,289.11 0.150 %
CHS/COMMUNITY HEAL 8% 12/15/27 12543DBD1 $45,459.74 0.150 %
CNT PRNT/CDK GLO I 8% 06/15/29 154915AA0 $43,878.50 0.150 %
CORELOGIC INC 4.5% 05/01/28 21871DAD5 $43,058.09 0.150 %
SCIL IV LLC / 5.375% 11/01/26 78397UAA8 $45,538.87 0.150 %
CLARIOS GLOBAL 6.75% 02/15/30 18060TAD7 $45,802.81 0.150 %
SEAWORLD PARKS 5.25% 08/15/29 81282UAG7 $44,550.79 0.150 %
FRONTIER COMMU 5.875% 11/01/29 35908MAA8 $45,731.68 0.150 %
BROOKFIELD PPTY 5.75% 05/15/26 11284DAA3 $45,403.06 0.150 %
MADISON IAQ LL 4.125% 06/30/28 55760LAA5 $43,226.24 0.150 %
GOAT HOLDCO LLC 6.75% 02/01/32 38021MAA4 $45,093.90 0.150 %
BLUE RACER MID LLC 7% 07/15/29 095796AJ7 $41,432.28 0.140 %
SABRE GLBL INC 8.625% 06/01/27 78573NAJ1 $41,792.16 0.140 %
GRAY MEDIA INC 5.375% 11/15/31 389286AA3 $42,636.77 0.140 %
FERRELLGAS LP/ 5.375% 04/01/26 315289AA6 $40,695.69 0.140 %
COUGAR JV SUBSIDIA 8% 05/15/32 22208WAA1 $42,716.45 0.140 %
KENNEDY-WILSON 4.75% 03/01/29 489399AL9 $42,731.86 0.140 %
SK INVICTUS INTERM 5% 10/30/29 29977LAA9 $42,910.62 0.140 %
HAH GROUP HOLDI 9.75% 10/01/31 40518JAA7 $41,393.46 0.140 %
REWORLD HOLDIN 4.875% 12/01/29 22303XAA3 $42,583.41 0.140 %
TALOS PRODUCTION I 9% 02/01/29 87485LAD6 $41,532.92 0.140 %
GULFPORT ENERGY 6.75% 09/01/29 402635AT3 $41,849.24 0.140 %
SERVICE PROPER 8.375% 06/15/29 81761LAD4 $40,571.43 0.140 %
BROOKFIELD RESI 6.25% 09/15/27 11283YAB6 $40,728.85 0.140 %
ENCINO ACQUISITI 8.5% 05/01/28 29254BAA5 $42,074.41 0.140 %
PIKE CORP 8.625% 01/31/31 721283AB5 $42,980.20 0.140 %
GFL ENVIRONMENTAL 4% 08/01/28 36168QAL8 $42,729.05 0.140 %
ARDAGH METAL PACKA 6% 06/15/27 03969YAC2 $40,221.53 0.140 %
MIDCONTINENT COMMU 8% 08/15/32 59565XAD2 $42,289.32 0.140 %
BOMBARDIER INC 7.875% 04/15/27 097751BT7 $42,195.30 0.140 %
NABORS INDUSTR 7.375% 05/15/27 62957HAJ4 $40,929.88 0.140 %
HOWARD MIDSTRE 7.375% 07/15/32 442722AC8 $41,849.53 0.140 %
CEC ENTERTAINME 6.75% 05/01/26 125137AC3 $40,854.94 0.140 %
BROOKFIELD RES 4.875% 02/15/30 11283YAD2 $41,680.28 0.140 %
TALLGRASS NRG 7.375% 02/15/29 87470LAL5 $42,189.03 0.140 %
GLOBAL AUTO HO/ 11.5% 08/15/29 00033YAA4 $41,717.78 0.140 %
FREEDOM MORTGA 6.625% 01/15/27 35640YAJ6 $40,100.01 0.140 %
CONCENTRA ESCR 6.875% 07/15/32 20600DAA1 $41,614.14 0.140 %
NABORS INDUSTR 9.125% 01/31/30 62957HAP0 $41,418.79 0.140 %
FREEDOM MORTGA 12.25% 10/01/30 35640YAL1 $40,694.69 0.140 %
KENNEDY-WILSON INC 5% 03/01/31 489399AM7 $40,962.30 0.140 %
AVIS BUDGET CAR 8.25% 01/15/30 053773BJ5 $41,500.76 0.140 %
OWENS & MINOR 6.625% 04/01/30 690732AG7 $41,214.55 0.140 %
HUGHES SATELLIT 5.25% 08/01/26 444454AD4 $40,653.46 0.140 %
ROCKCLIFF ENERGY 5.5% 10/15/29 77289KAA3 $38,601.74 0.130 %
CALDERYS FINAN 11.25% 06/01/28 128786AA8 $38,214.17 0.130 %
ADVANTAGE SALES 6.5% 11/15/28 00775PAA5 $38,361.83 0.130 %
DYE & DURHAM L 8.625% 04/15/29 267486AA6 $37,542.48 0.130 %
AVIS BUDGET CA 5.375% 03/01/29 053773BF3 $38,803.59 0.130 %
EQUIPMENTSHARE.COM 8% 03/15/33 29450YAC3 $37,485.38 0.130 %
HANESBRANDS INC 9% 02/15/31 410345AQ5 $38,780.77 0.130 %
CALPINE CORP 4.625% 02/01/29 131347CP9 $38,303.99 0.130 %
NCL CORPORATION 7.75% 02/15/29 62886HBG5 $38,476.63 0.130 %
HOWARD MIDSTRE 8.875% 07/15/28 442722AB0 $37,261.43 0.130 %
FTAI INFRA ESC 10.5% 06/01/27 30327TAA7 $37,503.49 0.130 %
MICHAELS COS IN 5.25% 05/01/28 55916AAA2 $38,314.03 0.130 %
XEROX HOLDINGS C 5.5% 08/15/28 98421MAB2 $39,187.11 0.130 %
ENCINO ACQUISIT 8.75% 05/01/31 29254BAB3 $38,425.89 0.130 %
FIESTA PURCHAS 7.875% 03/01/31 31659AAA4 $37,564.48 0.130 %
CAESARS ENTERT 8.125% 07/01/27 28470RAK8 $38,816.56 0.130 %
API GROUP DE I 4.125% 07/15/29 001877AA7 $37,448.97 0.130 %
AMERITEX HOLDC 10.25% 10/15/28 030727AA9 $38,230.07 0.130 %
LIGHT & WONDER I 7.5% 09/01/31 531968AA3 $37,623.03 0.130 %
WILLIAMS SCOTS 7.375% 10/01/31 96949VAL7 $37,507.22 0.130 %
GREAT CANADIAN 8.75% 11/15/29 389925AA6 $37,202.03 0.130 %
GOODYEAR TIRE 4.875% 03/15/27 382550BG5 $40,033.66 0.130 %
1011778 BC / N 4.375% 01/15/28 68245XAJ8 $39,112.70 0.130 %
HUNT COS INC 5.25% 04/15/29 445587AE8 $39,016.60 0.130 %
FIVE POINT OP CO S/UP 01/15/28 33834YAB4 $38,563.31 0.130 %
CHART INDUSTRIES 9.5% 01/01/31 16115QAG5 $37,979.22 0.130 %
EQUIPMENTSHARE 8.625% 05/15/32 29450YAB5 $38,008.56 0.130 %
ANYWHERE REAL EST/ 7% 04/15/30 75606DAS0 $37,248.68 0.130 %
TRANSOCEAN TIT 8.375% 02/01/28 89386MAA6 $37,299.82 0.130 %
SITIO ROYAL OP 7.875% 11/01/28 82983MAB6 $37,227.57 0.130 %
DOMTAR CORP 6.75% 10/01/28 70478JAA2 $37,985.22 0.130 %
NCR VOYIX CORP 5% 10/01/28 62886EAY4 $39,478.30 0.130 %
WILLIAMS SCOTS 4.625% 08/15/28 96950GAE2 $35,106.93 0.120 %
HELIOS SOFT/ION 8.75% 05/01/29 42329HAB4 $36,853.90 0.120 %
CHEMOURS CO 5.375% 05/15/27 163851AE8 $34,926.06 0.120 %
SELECT MEDICAL 6.25% 12/01/32 816196AV1 $34,784.32 0.120 %
ARCOSA INC 6.875% 08/15/32 039653AC4 $36,943.46 0.120 %
MOBIUS MERGER SUB 9% 06/01/30 606950AA1 $34,483.73 0.120 %
ONESKY FLIGHT 8.875% 12/15/29 68278CAA3 $36,609.39 0.120 %
CVR PARTNERS/C 6.125% 06/15/28 12663QAC9 $34,850.14 0.120 %
HUDBAY MINERALS 4.5% 04/01/26 443628AJ1 $35,251.12 0.120 %
CHEMOURS CO 8% 01/15/33 163851AJ7 $35,201.88 0.120 %
ACURIS FIN US/ACUR 9% 08/01/29 00511BAE7 $34,905.15 0.120 %
NEW ENTERPRISE 5.25% 07/15/28 644274AH5 $34,408.91 0.120 %
NATIONSTAR MTG HLD 6% 01/15/27 63861CAA7 $35,097.39 0.120 %
CIMPRESS PLC 7.375% 09/15/32 17186HAH5 $34,846.07 0.120 %
CHEMOURS CO 4.625% 11/15/29 163851AH1 $36,136.69 0.120 %
LUMEN TECHNOLOGIE 10% 10/15/32 550241AK9 $36,456.12 0.120 %
JB POINDEXTER & 8.75% 12/15/31 465965AC5 $36,825.61 0.120 %
AMERICAN AXLE & 6.5% 04/01/27 02406PAU4 $35,725.07 0.120 %
ARTERA SERVICES 8.5% 02/15/31 04302XAA2 $36,457.16 0.120 %
TALOS PRODUCTI 9.375% 02/01/31 87485LAE4 $36,291.94 0.120 %
AMERICAN AXLE & MF 5% 10/01/29 02406PBB5 $37,097.44 0.120 %
TALLGRASS NRG PRTN 6% 09/01/31 87470LAK7 $34,501.86 0.120 %
VISTAJET MALTA 7.875% 05/01/27 92840JAD1 $35,870.48 0.120 %
PROG HOLDINGS INC 6% 11/15/29 74319RAA9 $34,327.70 0.120 %
ZI TECH LLC/ZI 3.875% 02/01/29 98981BAA0 $36,775.94 0.120 %
SIX FLAGS ENTERT 5.5% 04/15/27 83001AAC6 $35,436.75 0.120 %
GENESIS ENERGY LP/ 8% 05/15/33 37185LAR3 $35,256.24 0.120 %
RAKUTEN GROUP INC V/R /PERP/ 75102WAB4 $36,900.51 0.120 %
AVIS BUDGET CAR/FI 8% 02/15/31 053773BH9 $36,861.04 0.120 %
CHAMPIONS FINAN 8.75% 02/15/29 15870LAA6 $34,608.52 0.120 %
SUBURBAN PROPANE P 5% 06/01/31 864486AL9 $36,987.04 0.120 %
HUDBAY MINERAL 6.125% 04/01/29 443628AH5 $35,926.71 0.120 %
NCL FINANCE LT 6.125% 03/15/28 62888HAA7 $36,179.97 0.120 %
AZORRA FINANCE 7.75% 04/15/30 05480AAA3 $36,355.54 0.120 %
GARDA WORLD SE 4.625% 02/15/27 36485MAK5 $35,112.63 0.120 %
WRANGLER HOLDC 6.625% 04/01/32 37441QAA9 $36,563.90 0.120 %
ARSENAL AIC PAR 11.5% 10/01/31 04288BAC4 $34,821.85 0.120 %
S&S HOLDINGS L 8.375% 10/01/31 78525CAA3 $36,105.92 0.120 %
NATIONSTAR MTG 5.75% 11/15/31 63861CAE9 $34,372.52 0.120 %
PENN ENTERTAIN 5.625% 01/15/27 707569AS8 $34,820.91 0.120 %
GRAY MEDIA INC 7% 05/15/27 389284AA8 $35,051.27 0.120 %
STRATHCONA RES 6.875% 08/01/26 86304TAA6 $35,179.82 0.120 %
OWENS-BROCKWAY 6.625% 05/13/27 69073TAT0 $35,587.00 0.120 %
ADIENT GLOBAL H 8.25% 04/15/31 00687YAC9 $36,898.10 0.120 %
VIKING CRUISES LTD 7% 02/15/29 92676XAF4 $36,551.19 0.120 %
KAISER ALUMINU 4.625% 03/01/28 483007AJ9 $34,360.47 0.120 %
GENESIS ENERGY 8.875% 04/15/30 37185LAN2 $37,000.26 0.120 %
CHURCHILL DOWNS 6.75% 05/01/31 171484AJ7 $36,246.51 0.120 %
WILDFIRE INTERME 7.5% 10/15/29 96812HAA6 $35,601.75 0.120 %
GRAY MEDIA INC 4.75% 10/15/30 389375AL0 $34,148.11 0.120 %
BALDWIN INSUR 7.125% 05/15/31 05825XAA7 $36,462.65 0.120 %
CVR ENERGY INC 8.5% 01/15/29 12662PAF5 $35,884.28 0.120 %
CINEMARK USA INC 7% 08/01/32 172441BH9 $35,968.83 0.120 %
ARAGVI FINANC 11.125% 11/20/29 03851RAC8 $36,408.86 0.120 %
CHURCHILL DOWNS 5.5% 04/01/27 171484AG3 $35,593.21 0.120 %
GATES CORPORAT 6.875% 07/01/29 367398AA2 $36,148.49 0.120 %
UNITI GROUP/CSL 4.75% 04/15/28 91327BAB6 $34,028.32 0.110 %
ZIPRECRUITER INC 5% 01/15/30 98980BAA1 $32,502.40 0.110 %
WALGREENS BOOTS 4.8% 11/18/44 931427AC2 $33,859.71 0.110 %
RAIN CARBON IN 12.25% 09/01/29 75079LAB7 $33,584.27 0.110 %
GLOBAL AUTO HO 8.375% 01/15/29 00033GAA3 $32,651.40 0.110 %
GFL ENVIRONMEN 4.375% 08/15/29 36168QAP9 $33,809.76 0.110 %
ENQUEST PLC 11.625% 11/01/27 29357JAC0 $31,605.32 0.110 %
CHAMP ACQUISIT 8.375% 12/01/31 15807XAA8 $31,867.54 0.110 %
SPECIALTY BUILD 7.75% 10/15/29 84749AAC1 $31,552.88 0.110 %
VIRIDIEN 8.75% 04/01/27 12531TAF6 $31,384.28 0.110 %
SIX FLAG/CAN/MA 5.25% 07/15/29 150190AE6 $33,908.31 0.110 %
AMS-OSRAM AG 12.25% 03/30/29 03217CAB2 $31,835.12 0.110 %
VICTRA HLDG/VIC 8.75% 09/15/29 92648DAA4 $32,986.77 0.110 %
NEOGEN FOOD SA 8.625% 07/20/30 365417AA2 $32,238.59 0.110 %
SERVICE PROPERTI 5.5% 12/15/27 81761LAB8 $34,119.07 0.110 %
LIGHT & WONDER 7.25% 11/15/29 80874YBE9 $31,408.97 0.110 %
NATIONSTAR MTG 5.125% 12/15/30 63861CAD1 $33,259.75 0.110 %
GLOBAL PART/GLP 8.25% 01/15/32 37954FAK0 $31,373.87 0.110 %
ACCO BRANDS COR 4.25% 03/15/29 00081TAK4 $32,799.12 0.110 %
VELOCITY VEHICLE G 8% 06/01/29 92262TAA4 $31,694.00 0.110 %
HILTON GRAND V 4.875% 07/01/31 43284MAB4 $31,962.14 0.110 %
MARRIOTT OWNERSH 4.5% 06/15/29 57164PAH9 $33,147.20 0.110 %
VT TOPCO INC 8.5% 08/15/30 91838PAA9 $33,088.52 0.110 %
HEALTHEQUITY INC 4.5% 10/01/29 42226AAA5 $33,736.22 0.110 %
VFH PARENT / VAL 7.5% 06/15/31 91824YAA6 $31,445.53 0.110 %
RAISING CANE'S 9.375% 05/01/29 75103AAA3 $32,864.10 0.110 %
CAPSTONE BORROWER 8% 06/15/30 140944AA7 $31,897.43 0.110 %
VICTORIA'S SEC 4.625% 07/15/29 926400AA0 $32,157.40 0.110 %
K HOVNANIAN EN 11.75% 09/30/29 48251UAM0 $33,866.15 0.110 %
CABLE ONE INC 4% 11/15/30 12685JAC9 $32,778.73 0.110 %
ADAPTHEALTH LL 4.625% 08/01/29 00653VAC5 $32,034.78 0.110 %
EMPIRE COMMUNIT 9.75% 05/01/29 29163VAG8 $32,065.87 0.110 %
ARDAGH METAL PA 3.25% 09/01/28 03969YAA6 $32,071.73 0.110 %
QVC INC 6.875% 04/15/29 747262BA0 $33,680.66 0.110 %
TASEKO MINES LT 8.25% 05/01/30 876511AG1 $31,518.11 0.110 %
NORTHERN OIL & 8.75% 06/15/31 665530AB7 $31,905.52 0.110 %
CORNERSTONE BUIL 9.5% 08/15/29 21925DAB5 $31,200.42 0.110 %
GOODYEAR TIRE & 5.25% 04/30/31 382550BJ9 $32,248.80 0.110 %
HECLA MINING CO 7.25% 02/15/28 422704AH9 $31,445.84 0.110 %
KRONOS ACQUISIT 8.25% 06/30/31 50106GAG7 $33,576.82 0.110 %
ENOVA INTERNAT 9.125% 08/01/29 29357KAK9 $31,626.10 0.110 %
OUTFRONT MEDIA 4.625% 03/15/30 69007TAC8 $33,308.20 0.110 %
GOODYEAR TIRE & 5.25% 07/15/31 382550BR1 $31,965.03 0.110 %
PLANET FINANCIA 10.5% 12/15/29 72702AAA5 $31,577.98 0.110 %
SINCLAIR TELEV 4.125% 12/01/30 829259BA7 $31,359.84 0.110 %
GCI LLC 4.75% 10/15/28 36166TAB6 $33,691.71 0.110 %
UPBOUND GROUP 6.375% 02/15/29 76009NAL4 $30,294.85 0.100 %
POST HOLDINGS I 6.25% 10/15/34 737446AX2 $30,004.08 0.100 %
NEW GOLD INC 7.5% 07/15/27 644535AH9 $30,485.94 0.100 %
PRECISION DRIL 6.875% 01/15/29 740212AM7 $30,180.67 0.100 %
UNISYS CORP 6.875% 11/01/27 909214BV9 $30,390.28 0.100 %
ORGANON & CO/O 7.875% 05/15/34 68622FAB7 $30,946.67 0.100 %
PACTIV EVERGRE 4.375% 10/15/28 69527AAA4 $30,623.36 0.100 %
OXFORD FIN LLC 6.375% 02/01/27 69145LAC8 $30,060.78 0.100 %
GRUBHUB HOLDINGS 5.5% 07/01/27 40010PAA6 $28,394.31 0.100 %
STATION CASINO 6.625% 03/15/32 857691AJ8 $30,955.05 0.100 %
ELDORADO GOLD C 6.25% 09/01/29 284902AF0 $30,586.56 0.100 %
GLOBAL INFRAST 5.625% 06/01/29 37960XAA5 $29,461.00 0.100 %
KEN GARFF AUTO 4.875% 09/15/28 48850PAA2 $29,514.78 0.100 %
VALVOLINE INC 3.625% 06/15/31 92047WAG6 $30,656.26 0.100 %
JACOBS ENTERTAI 6.75% 02/15/29 469815AK0 $30,661.14 0.100 %
IAMGOLD CORP 5.75% 10/15/28 450913AF5 $29,997.23 0.100 %
VERMILION ENER 6.875% 05/01/30 923725AD7 $30,447.71 0.100 %
COMPASS MINERAL 6.75% 12/01/27 20451NAG6 $30,334.78 0.100 %
XHR LP 4.875% 06/01/29 98372MAC9 $28,830.19 0.100 %
AMERIGAS PART/F 5.75% 05/20/27 030981AL8 $29,082.69 0.100 %
AVIS BUDGET CAR 5.75% 07/15/27 053773BC0 $29,779.77 0.100 %
CABLEVISION LI 3.875% 09/15/27 12687GAA7 $28,871.03 0.100 %
TKC HOLDINGS I 6.875% 05/15/28 87256YAC7 $30,506.38 0.100 %
KRAKEN OIL & G 7.625% 08/15/29 50076PAA6 $30,868.45 0.100 %
LIFEPOINT HEAL 4.375% 02/15/27 53219LAS8 $30,658.06 0.100 %
MERLIN ENTERTA 7.375% 02/15/31 59010UAA5 $30,254.90 0.100 %
OPTION CARE HE 4.375% 10/31/29 68404LAA0 $28,449.34 0.100 %
LSB INDUSTRIES 6.25% 10/15/28 502160AN4 $30,221.79 0.100 %
ALBION FINANCIN 8.75% 04/15/27 013305AA5 $31,040.65 0.100 %
MIWD HLDCO II/MI 5.5% 02/01/30 55337PAA0 $28,861.93 0.100 %
EVERI HOLDINGS INC 5% 07/15/29 30034TAA1 $30,372.63 0.100 %
ENERGIZER HOLDI 4.75% 06/15/28 29272WAC3 $29,013.71 0.100 %
ACI WORLDWIDE I 5.75% 08/15/26 004498AB7 $30,977.06 0.100 %
NEWFOLD DIGITA 11.75% 10/15/28 650929AA0 $30,036.56 0.100 %
BEAZER HOMES U 5.875% 10/15/27 07556QBR5 $30,598.44 0.100 %
MRT MID PART/MR 11.5% 02/15/28 573334AK5 $28,534.17 0.100 %
AMERIGAS PART/ 9.375% 06/01/28 030981AM6 $30,569.94 0.100 %
RR DONNELLEY 10.875% 08/01/29 257867BK6 $30,978.00 0.100 %
ENVIRI CORP 5.75% 07/31/27 415864AM9 $29,281.77 0.100 %
ROLLER BEARING 4.375% 10/15/29 775631AD6 $28,761.70 0.100 %
CONDUENT BUS SERVI 6% 11/01/29 20679LAB7 $29,657.30 0.100 %
NEW FORTRESS ENE 6.5% 09/30/26 644393AB6 $29,547.00 0.100 %
COGENT COMM GROUP 7% 06/15/27 19240CAE3 $30,778.21 0.100 %
VIRGIN MEDIA VEND 5% 07/15/28 92770QAA5 $28,849.59 0.100 %
TEINE ENERGY L 6.875% 04/15/29 879068AB0 $29,967.68 0.100 %
DUN & BRADSTREET C 5% 12/15/29 26483EAL4 $29,660.47 0.100 %
GENESIS ENERGY 8.25% 01/15/29 37185LAP7 $30,731.77 0.100 %
TITAN INTERNATIONA 7% 04/30/28 88830MAM4 $30,293.98 0.100 %
CARS.COM INC 6.375% 11/01/28 14575EAA3 $30,436.74 0.100 %
TALLGRASS NRG PRTN 6% 03/01/27 87470LAG6 $30,732.07 0.100 %
JELD-WEN INC 4.875% 12/15/27 475795AD2 $29,273.98 0.100 %
CHOBANI LLC/FI 4.625% 11/15/28 17027NAB8 $29,428.74 0.100 %
SERVICE PROPER 8.875% 06/15/32 81761LAE2 $29,641.17 0.100 %
AVIS BUDGET CAR 4.75% 04/01/28 053773BG1 $28,980.48 0.100 %
KIMMERIDGE TEXAS 8.5% 02/15/30 49446BAA2 $30,324.42 0.100 %
PATRICK INDUST 6.375% 11/01/32 703343AH6 $30,106.54 0.100 %
ALTA EQUIPMENT GRO 9% 06/01/29 02128LAC0 $29,513.80 0.100 %
PITNEY BOWES I 6.875% 03/15/27 724479AP5 $30,930.87 0.100 %
SCIENCE APPLIC 4.875% 04/01/28 808625AA5 $29,651.20 0.100 %
PIKE CORP 5.5% 09/01/28 721283AA7 $30,190.77 0.100 %
SOLARIS MIDSTR 7.625% 04/01/26 83419MAA0 $31,022.75 0.100 %
ACADIA HEALTHCAR 5.5% 07/01/28 00404AAN9 $29,420.57 0.100 %
VAREX IMAGING 7.875% 10/15/27 92214XAC0 $26,429.52 0.090 %
EVERGREEN ACQCO 9.75% 04/26/28 30015DAA9 $26,359.07 0.090 %
MERCER INTL I 12.875% 10/01/28 588056BC4 $28,040.50 0.090 %
WALGREENS BOOTS 4.1% 04/15/50 931427AT5 $26,630.06 0.090 %
LINDBLAD EXPEDITIO 9% 05/15/28 535219AA7 $26,856.03 0.090 %
CLARIOS GLOBAL 6.25% 05/15/26 69867DAA6 $25,475.28 0.090 %
KAISER ALUMINUM 4.5% 06/01/31 483007AL4 $27,326.61 0.090 %
ANGI GROUP LLC 3.875% 08/15/28 001846AA2 $27,641.78 0.090 %
ATI INC 5.875% 12/01/27 01741RAH5 $25,260.23 0.090 %
BANIJAY ENTERT 8.125% 05/01/29 060335AB2 $26,552.62 0.090 %
BRINKER INTERNA 8.25% 07/15/30 109641AK6 $26,750.12 0.090 %
APOLLO CMMRL R 4.625% 06/15/29 03762UAD7 $27,478.10 0.090 %
HELIOS SOFT/IO 4.625% 05/01/28 42329HAA6 $28,169.62 0.090 %
LABL INC 5.875% 11/01/28 50168QAC9 $26,767.33 0.090 %
ENERGIZER HOLDIN 6.5% 12/31/27 29272WAF6 $25,665.51 0.090 %
ENOVA INTERNAT 11.25% 12/15/28 29357KAH6 $27,652.66 0.090 %
CHEPLAPHARM ARZN 5.5% 01/15/28 16412EAA5 $27,095.18 0.090 %
SERVICE PROPERT 5.25% 02/15/26 44106MAV4 $25,268.64 0.090 %
SUMMER (BC) BIDC 5.5% 10/31/26 865632AA1 $25,462.26 0.090 %
CONSENSUS CLOUD 6.5% 10/15/28 20848VAB1 $25,649.03 0.090 %
SCOTTS MIRACLE-GRO 4% 04/01/31 810186AX4 $27,212.14 0.090 %
MAGNOLIA OIL G 6.875% 12/01/32 559665AB0 $25,506.28 0.090 %
NEW HOME CO INC 9.25% 10/01/29 645370AF4 $26,335.44 0.090 %
BRUNDAGE-BONE CO 7.5% 02/01/32 66981QAB2 $25,564.13 0.090 %
ZIGGO BOND CO 5.125% 02/28/30 98953GAD7 $27,480.90 0.090 %
XHR LP 6.625% 05/15/30 98372MAE5 $25,611.17 0.090 %
RAILWORKS HOLDI 8.25% 11/15/28 75079MAA7 $25,942.44 0.090 %
PROVIDENT FDG/P 9.75% 09/15/29 74387UAK7 $26,961.77 0.090 %
WERNER FINCO LP 11.5% 06/15/28 95076PAC7 $28,004.01 0.090 %
PRAIRIE ACQUIROR L 9% 08/01/29 73943NAA4 $25,937.08 0.090 %
WILLIAMS SCOTS 6.625% 06/15/29 96949VAM5 $25,787.09 0.090 %
HLF FIN SARL L 4.875% 06/01/29 40390DAC9 $27,082.45 0.090 %
ODEON FINCO PL 12.75% 11/01/27 67585LAA3 $27,294.30 0.090 %
PEBBLEBROOK HO 6.375% 10/15/29 70510LAA7 $25,670.19 0.090 %
PAPA JOHN'S IN 3.875% 09/15/29 698813AA0 $27,759.24 0.090 %
XEROX HOLDINGS 8.875% 11/30/29 98421MAC0 $26,404.39 0.090 %
STATION CASINO 4.625% 12/01/31 857691AH2 $27,568.52 0.090 %
ALGOMA STEEL I 9.125% 04/15/29 01566MAD7 $25,614.66 0.090 %
ADAPTHEALTH LL 5.125% 03/01/30 00653VAE1 $28,152.78 0.090 %
CROCS INC 4.125% 08/15/31 227046AB5 $26,929.48 0.090 %
VISTAJET MALTA/V 9.5% 06/01/28 92841HAA0 $26,350.88 0.090 %
CITGO PETROLEU 6.375% 06/15/26 17302XAM8 $25,291.41 0.090 %
GOODYEAR TIRE 5.625% 04/30/33 382550BK6 $27,427.00 0.090 %
GARDA WORLD SEC 7.75% 02/15/28 36485MAM1 $26,833.65 0.090 %
PAYSAFE FIN PLC/PA 4% 06/15/29 70452AAA1 $23,936.87 0.080 %
WALGREENS BOOTS 3.2% 04/15/30 931427AS7 $24,839.03 0.080 %
TRANSOCEAN AQUILA 8% 09/30/28 893790AA3 $23,919.08 0.080 %
BEACON ROOFING 4.125% 05/15/29 073685AH2 $24,811.07 0.080 %
SERVICE PROPERT 4.95% 02/15/27 44106MAW2 $24,815.83 0.080 %
NCR VOYIX CORP 5.125% 04/15/29 62886EBA5 $22,512.57 0.080 %
VM CONSOLIDATED 5.5% 04/15/29 91835HAA0 $24,722.65 0.080 %
ATI INC 5.125% 10/01/31 01741RAM4 $24,178.92 0.080 %
CHS/COMMUNITY HEAL 6% 01/15/29 12543DBH2 $23,054.71 0.080 %
GYP HOLDINGS I 4.625% 05/01/29 36261NAA5 $24,122.46 0.080 %
LIONS GATE CAPIT 5.5% 04/15/29 535939AA0 $23,603.13 0.080 %
TMS INTERNATION 6.25% 04/15/29 87261QAC7 $24,256.43 0.080 %
HUDSON PACIFIC 4.65% 04/01/29 44409MAB2 $24,676.65 0.080 %
ADAPTHEALTH LL 6.125% 08/01/28 00653VAA9 $24,543.14 0.080 %
UNIVERSAL ENTE 9.875% 08/01/29 91349WAC2 $25,075.43 0.080 %
SCRIPPS ESCROW 3.875% 01/15/29 81105DAA3 $24,869.12 0.080 %
ACADIA HEALTHCARE 5% 04/15/29 00404AAP4 $24,102.99 0.080 %
SERVICE PROPERT 4.75% 10/01/26 44106MBA9 $24,673.50 0.080 %
GENESIS ENERGY LP/ 8% 01/15/27 37185LAM4 $22,508.07 0.080 %
CONSOLIDATED E 5.625% 10/15/28 20914UAF3 $22,540.28 0.080 %
CVR ENERGY INC 5.75% 02/15/28 12662PAD0 $24,486.90 0.080 %
HUDSON PACIFIC 5.95% 02/15/28 44409MAD8 $23,444.27 0.080 %
CARRIAGE SERVIC 4.25% 05/15/29 143905AP2 $23,385.24 0.080 %
STAR HOLDING LL 8.75% 08/01/31 85513AAA6 $24,108.55 0.080 %
COMSTOCK RESOUR 6.75% 03/01/29 205768AU8 $25,217.07 0.080 %
GOTO GROUP INC 5.5% 05/01/28 38349YAA3 $22,364.93 0.080 %
SCOTTS MIRACLE-G 4.5% 10/15/29 810186AS5 $23,961.83 0.080 %
EMBECTA CORP 5% 02/15/30 29082KAA3 $23,869.70 0.080 %
SERVICE PROPERT 4.95% 10/01/29 44106MBB7 $25,133.60 0.080 %
CONSOLIDATED COMMU 5% 10/01/28 20903XAH6 $24,208.08 0.080 %
SOTHEBY'S/BIDF 5.875% 06/01/29 83600GAA2 $23,005.93 0.080 %
BLUE RACER MID 6.625% 07/15/26 095796AE8 $25,126.73 0.080 %
GLOBAL PART/GLP FI 7% 08/01/27 37954FAG9 $25,228.55 0.080 %
HUDSON PACIFIC 3.95% 11/01/27 44409MAA4 $23,112.24 0.080 %
MAGNERA CORP 4.75% 11/15/29 377320AA4 $22,883.48 0.080 %
REWORLD HOLDING CO 5% 09/01/30 22282EAJ1 $23,736.50 0.080 %
ARCOSA INC 4.375% 04/15/29 039653AA8 $24,073.33 0.080 %
KENNEDY-WILSON 4.75% 02/01/30 489399AN5 $23,149.72 0.080 %
COEUR MINING I 5.125% 02/15/29 192108BC1 $19,898.03 0.070 %
CENTURY ALUMINUM 7.5% 04/01/28 156431AN8 $20,907.25 0.070 %
W & T OFFSHORE 10.75% 02/01/29 92922PAN6 $20,027.64 0.070 %
SERVICE PROPER 4.375% 02/15/30 44106MAY8 $20,404.91 0.070 %
TURNING POINT 5.625% 02/15/26 90041LAF2 $20,548.77 0.070 %
LFS TOPCO LLC 5.875% 10/15/26 50203TAA4 $20,277.08 0.070 %
TENET HEALTHCA 6.875% 11/15/31 88033GAV2 $21,101.49 0.070 %
SCOTTS MIRACLE- 5.25% 12/15/26 810186AP1 $20,147.75 0.070 %
CPI CG INC 10% 07/15/29 12598FAC3 $21,783.68 0.070 %
SUNNOVA ENERGY 5.875% 09/01/26 86745GAF0 $20,107.56 0.070 %
SUNRISE HOLDCO I 5.5% 01/15/28 90320LAG2 $19,819.16 0.070 %
AHLSTROM HLDG 4.875% 02/04/28 84612JAA0 $19,379.79 0.070 %
AFRICELL HOLDIN 10.5% 10/23/29 00833NAA0 $20,475.15 0.070 %
NCL CORPORATION 6.25% 03/01/30 62886HBP5 $20,592.47 0.070 %
GLOBAL AUTO HO/ 8.75% 01/15/32 00033GAB1 $22,162.03 0.070 %
C&S GROUP ENTERPRI 5% 12/15/28 12467AAF5 $21,364.54 0.070 %
CLYDESDALE ACQ 6.875% 01/15/30 18972EAC9 $20,417.11 0.070 %
GLOBAL PART/GL 6.875% 01/15/29 37954FAJ3 $20,315.87 0.070 %
INTERFACE INC 5.5% 12/01/28 458665AS5 $19,956.44 0.070 %
EMPIRE RESORTS 7.75% 11/01/26 292052AF4 $19,660.15 0.070 %
BLUELINX HOLDING 6% 11/15/29 09624HAA7 $19,552.75 0.070 %
BLUE RACER MID 7.25% 07/15/32 095796AK4 $20,889.91 0.070 %
JW ALUMINUM CO 10.25% 06/01/26 46648XAA6 $20,531.41 0.070 %
CCM MERGER INC 6.375% 05/01/26 14985VAE1 $20,400.56 0.070 %
LABL INC 9.5% 11/01/28 50168QAE5 $19,708.29 0.070 %
ATI INC 7.25% 08/15/30 01741RAN2 $21,464.00 0.070 %
AVIS BUDGET CAR 5.75% 07/15/27 053773BE6 $19,875.89 0.070 %
LANDSEA HOMES 8.875% 04/01/29 51509PAA1 $20,558.84 0.070 %
ATI INC 4.875% 10/01/29 01741RAL6 $19,530.75 0.070 %
GETTY IMAGES IN 9.75% 03/01/27 374276AJ2 $20,999.36 0.070 %
AMERICAN AXLE 6.875% 07/01/28 02406PBA7 $20,041.60 0.070 %
PATRICK INDUSTR 4.75% 05/01/29 703343AD5 $19,357.25 0.070 %
OLYMPUS WTR US 7.125% 10/01/27 16308NAA2 $20,856.54 0.070 %
BATH & BODY WOR 6.95% 03/01/33 532716AK3 $20,816.78 0.070 %
SERVICE PROPERT 3.95% 01/15/28 44106MAX0 $22,179.62 0.070 %
VITAL ENERGY IN 9.75% 10/15/30 516806AJ5 $21,977.51 0.070 %
KAROON USA FINA 10.5% 05/14/29 48575AAA9 $21,102.79 0.070 %
MATTHEWS INTER 8.625% 10/01/27 577128AC5 $21,610.69 0.070 %
VITAL ENERGY IN 7.75% 07/31/29 516806AH9 $20,143.03 0.070 %
SUBURBAN PROPA 5.875% 03/01/27 864486AK1 $20,451.20 0.070 %
MANITOWOC COMPA 9.25% 10/01/31 563571AN8 $21,639.86 0.070 %
BOMBARDIER INC 7.45% 05/01/34 097751AL5 $21,383.65 0.070 %
ECO MATERIAL T 7.875% 01/31/27 27900QAA4 $20,446.30 0.070 %
WR GRACE HOLDI 7.375% 03/01/31 92943GAE1 $21,210.35 0.070 %
MARRIOTT OWNERS 4.75% 01/15/28 57164PAF3 $19,601.64 0.070 %
XEROX CORPORATI 6.75% 12/15/39 984121CB7 $16,678.33 0.060 %
BLOOMIN' BRAND 5.125% 04/15/29 094234AA9 $18,733.00 0.060 %
LUMEN TECHNOLO 4.125% 04/15/29 550241AB9 $18,505.63 0.060 %
SCOTTS MIRACLE 4.375% 02/01/32 810186AW6 $17,966.19 0.060 %
ARKO CORP 5.125% 11/15/29 041242AA6 $18,792.12 0.060 %
BLOCK COMMUNIC 4.875% 03/01/28 093645AJ8 $19,082.90 0.060 %
LIONS GATE CAPIT 5.5% 04/15/29 53627NAE1 $17,125.10 0.060 %
HUDSON PACIFIC 3.25% 01/15/30 44409MAC0 $18,270.17 0.060 %
HERENS HOLDCO S 4.75% 05/15/28 427169AA5 $18,602.23 0.060 %
SUNNOVA ENERGY 11.75% 10/01/28 86745GAG8 $16,834.17 0.060 %
TRANSOCEAN POS 6.875% 02/01/27 89383JAA6 $18,507.15 0.060 %
OWENS & MINOR IN 4.5% 03/31/29 690732AF9 $17,443.04 0.060 %
BEAZER HOMES US 7.25% 10/15/29 07556QBT1 $15,525.10 0.050 %
WABASH NATIONAL 4.5% 10/15/28 929566AL1 $14,088.29 0.050 %
PITNEY BOWES IN 7.25% 03/15/29 724479AQ3 $15,450.56 0.050 %
PENN ENTERTAIN 4.125% 07/01/29 707569AV1 $13,623.81 0.050 %
LUMEN TECHNOLO 4.125% 04/15/30 550241AC7 $13,696.07 0.050 %
ION TRADING TEC 5.75% 05/15/28 46205YAA9 $14,432.30 0.050 %
AG ISSUER LLC 6.25% 03/01/28 00119LAA9 $15,376.17 0.050 %
GLOBAL INFRASTRU 7.5% 04/15/32 37960XAB3 $15,322.42 0.050 %
CLEARWATER PAPE 4.75% 08/15/28 18538RAJ2 $14,600.53 0.050 %
COMPASS GROUP DIVE 5% 01/15/32 20451RAC6 $13,961.41 0.050 %
ADAMS HOMES INC 9.25% 10/15/28 00623PAB7 $16,085.10 0.050 %
DELEK LOG PART 7.125% 06/01/28 24665FAC6 $15,346.88 0.050 %
WALGREENS BOOTS 4.5% 11/18/34 931427AB4 $16,216.67 0.050 %
CROCS INC 4.25% 03/15/29 227046AA7 $14,179.83 0.050 %
JELD-WEN INC 7% 09/01/32 47580PAA1 $14,585.26 0.050 %
ACURIS FIN US/ACUR 5% 05/01/28 00511BAA5 $14,210.96 0.050 %
LINDBLAD EXPEDI 6.75% 02/15/27 53523LAA8 $15,636.22 0.050 %
QVC INC 5.45% 08/15/34 747262AW3 $15,699.89 0.050 %
BEAZER HOMES USA 7.5% 03/15/31 07556QBU8 $15,434.27 0.050 %
FREEDOM MORTGA 7.625% 05/01/26 35640YAH0 $15,364.68 0.050 %
COGENT COMMS GRP / 7% 06/15/27 19240WAA7 $15,350.96 0.050 %
ONT GAMING GTA/OTG 8% 08/01/30 68306MAA7 $15,557.30 0.050 %
OUTFRONT MEDIA 4.25% 01/15/29 69007TAE4 $14,192.04 0.050 %
BAUSCH HEALTH C 5.75% 08/15/27 071734AC1 $9,167.26 0.030 %
WALGREENS BOOTS 4.65% 06/01/46 931427AR9 $10,027.92 0.030 %
BROOKFIELD RESID P 5% 06/15/29 11283YAG5 $9,289.14 0.030 %
OWENS-BROCKWAY 7.375% 06/01/32 69073TAV5 $9,792.81 0.030 %
FRONTIER FLORID 6.86% 02/01/28 362333AH9 $10,300.41 0.030 %
QVC INC 5.95% 03/15/43 747262AM5 $8,569.14 0.030 %
XEROX CORPORATIO 4.8% 03/01/35 984121CL5 $6,374.51 0.020 %
As of 02/11/2025 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)
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.