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XCCC

BondBloxx CCC Rated USD High Yield Corporate Bond ETF

Net asset value

$38.75

EXPENSE RATIO

0.40%

Yield to Maturity

12.06%

30-Day Sec Yield

12.44%
ALL DATA AS OF 03/27/2024, UNLESS OTHERWISE STATED. 30-DAY SEC YIELD AS OF 02/29/2024. 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 CCC Rated USD High Yield Corporate Bond ETF seeks to track the investment results of the ICE CCC 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 CCC1 through CCC3, 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 CCC Rated USD High Yield Corporate Bond ETF
Ticker XCCC
CUSIP 09789C887
Asset Class Fixed Income
Fund Inception Date 5/26/2022
Exchange NYSE Arca
Distribution Frequency Monthly
Fund Net Assets $56,188,378
Shares Outstanding 1,450,000
Median Spread 0.44%
Premium Discount Ratio 0.52%
Closing Price as of 03/27/2024 $38.95

Fees

Management Fee 0.40%
Acquired Fund Fees and Expenses 0.00%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 0.40%

Portfolio Characteristics

Number of Securities 230
Number of Issuers 168
Average Coupon 7.24%
Average Maturity 4.31 Years
* 30-Day SEC Yield is as of 02/29/2024
Yield to Maturity 12.06%
Yield to Worst 11.81%
Option Adjusted Spread 734
Spread Duration 2.79
30-Day SEC Yield* 12.44%

Portfolio Breakdown

Corporate 98.5%
Cash and Equivalents 1.3%
Due to rounding, these values may exceed 100%

Index Details

Provider Name ICE Data Services
Index ICE CCC US Cash Pay High Yield Constrained Index
Index Ticker JCCC
Index Market Cap $130.468B

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
Transocean Inc. 2.02 %
CSC Holdings LLC 2.00 %
Cloud Software Group Inc. 1.97 %
HUB International Ltd. 1.95 %
Minerva Merger Subordinated Inc. 1.71 %
iHeartCommunications Inc 1.67 %
NFP Corp. 1.67 %
Level 3 Financing Inc. 1.60 %
Allied Universal Holdco LLC / Allied Universal Finance Corporation 1.52 %
McAfee Corp 1.49 %
Name CUSIP Market Value % of Net Assets
CLOUD SOFTWARE GRP 9% 09/30/29 18912UAA0 $1,108,371.65 1.970 %
ATHENAHEALTH GRO 6.5% 02/15/30 60337JAA4 $962,226.48 1.710 %
NFP CORP 6.875% 08/15/28 65342RAD2 $939,076.02 1.670 %
HUB INTERNATIO 7.375% 01/31/32 44332PAJ0 $861,664.49 1.530 %
MCAFEE CORP 7.375% 02/15/30 579063AB4 $836,913.01 1.490 %
CASH CASH $736,640.96 1.310 %
VERITAS US INC/B 7.5% 09/01/25 92346LAE3 $720,196.31 1.280 %
COMMSCOPE INC 6% 03/01/26 20338QAD5 $621,506.25 1.110 %
MAUSER PACKAGIN 9.25% 04/15/27 57763RAC1 $620,499.21 1.100 %
ALLIANT HOLD / 6.75% 10/15/27 01883LAA1 $604,090.54 1.080 %
VERICAST CORP 11% 09/15/26 92348BAA1 $587,934.72 1.050 %
LIFEPT/LEGACY L 9.75% 12/01/26 53219LAR0 $584,913.18 1.040 %
CLYDESDALE ACQU 8.75% 04/15/30 18972EAB1 $505,669.25 0.900 %
FERTITTA ENTERT 6.75% 01/15/30 31556TAC3 $507,313.18 0.900 %
ALLIED UNIVERSA 9.75% 07/15/27 019576AB3 $502,024.90 0.890 %
VERSCEND ESCROW 9.75% 08/15/26 92535WAA8 $496,396.29 0.880 %
NMG HLDCO/NEIM 7.125% 04/01/26 62929RAC2 $481,283.34 0.860 %
WR GRACE HOLDI 5.625% 08/15/29 92943GAA9 $465,348.73 0.830 %
ARDONAGH GROUP 8.875% 02/15/32 039956AA5 $444,953.57 0.790 %
CHS/COMMUNITY 6.875% 04/15/29 12543DBJ8 $432,797.47 0.770 %
MADISON IAQ LL 5.875% 06/30/29 55760LAB3 $427,110.19 0.760 %
STAPLES INC 10.75% 04/15/27 855030AP7 $424,256.97 0.760 %
ACRISURE LLC / 8.25% 02/01/29 00489LAK9 $416,902.21 0.740 %
CLEAR CHANNEL O 7.75% 04/15/28 18453HAC0 $405,352.67 0.720 %
FRONTIER COMMUN 6.75% 05/01/29 35906ABG2 $407,189.77 0.720 %
CSC HOLDINGS L 4.625% 12/01/30 126307BD8 $403,273.41 0.720 %
CSC HOLDINGS LL 5.75% 01/15/30 126307BA4 $404,958.32 0.720 %
MICHAELS COS I 7.875% 05/01/29 55916AAB0 $397,201.70 0.710 %
COMMSCOPE INC 4.75% 09/01/29 203372AX5 $396,584.38 0.710 %
CLEAR CHANNEL OU 7.5% 06/01/29 18453HAD8 $395,270.75 0.700 %
CHS/COMMUNITY 6.125% 04/01/30 12543DBL3 $393,258.58 0.700 %
UNITI GROUP/CSL 6.5% 02/15/29 91327BAA8 $387,572.71 0.690 %
FRONTIER COMMUNICA 6% 01/15/30 35908MAB6 $382,315.55 0.680 %
DISH NETWORK C 11.75% 11/15/27 25470MAG4 $374,215.79 0.670 %
SRS DISTRIBUTION I 6% 12/01/29 78471RAD8 $362,829.13 0.650 %
MPH ACQUISITION 5.75% 11/01/28 553283AC6 $352,390.40 0.630 %
FXI HOLDINGS I 12.25% 11/15/26 35166FAA0 $356,662.36 0.630 %
ALLIED UNIVERSAL 6% 06/01/29 019576AC1 $352,092.64 0.630 %
LUMEN TECHNOLOGIES 4% 02/15/27 156700BC9 $344,470.62 0.610 %
ZAYO GROUP HOL 6.125% 03/01/28 98919VAB1 $339,004.00 0.600 %
LABL INC 10.5% 07/15/27 50168AAA8 $323,225.20 0.580 %
RADIATE HOLDCO / 4.5% 09/15/26 75026JAC4 $319,017.92 0.570 %
PM GENERAL PURCH 9.5% 10/01/28 69356MAA4 $315,818.70 0.560 %
MAVIS TIRE EXPRE 6.5% 05/15/29 59155LAA0 $312,616.54 0.560 %
VIBRANTZ TECH INC 9% 02/15/30 69357VAA3 $313,447.31 0.560 %
EMBARQ CORP 7.995% 06/01/36 29078EAA3 $309,494.43 0.550 %
BROADSTREET PA 5.875% 04/15/29 11135RAA3 $309,298.44 0.550 %
LEVEL 3 FINANC 4.625% 09/15/27 527298BN2 $307,014.18 0.550 %
TRIVIUM PACKAGIN 8.5% 08/15/27 89686QAB2 $309,637.87 0.550 %
TRIDENT TPI HO 12.75% 12/31/28 89616RAC3 $302,325.28 0.540 %
IHEARTCOMMUNIC 6.375% 05/01/26 45174HBC0 $304,765.44 0.540 %
LBM ACQUISITION 6.25% 01/15/29 05552BAA4 $305,044.81 0.540 %
TITAN ACQ/CO-BO 7.75% 04/15/26 88827AAA1 $299,986.23 0.530 %
SCIH SALT HOLD 6.625% 05/01/29 78433BAB4 $296,307.55 0.530 %
TKC HOLDINGS IN 10.5% 05/15/29 87256YAA1 $298,917.80 0.530 %
BCPE EMPIRE HO 7.625% 05/01/27 05552VAA0 $295,866.99 0.530 %
SPIRIT AEROSYSTE 4.6% 06/15/28 85205TAK6 $290,011.58 0.520 %
FRONTIER COMMU 5.875% 11/01/29 35908MAA8 $291,320.89 0.520 %
TRITON WATER HO 6.25% 04/01/29 89680EAA7 $291,505.60 0.520 %
ARDAGH PKG FIN/ 5.25% 08/15/27 03969AAR1 $287,390.28 0.510 %
HUGHES SATELLIT 5.25% 08/01/26 444454AD4 $286,844.98 0.510 %
WHITE CAP BUYE 6.875% 10/15/28 96350RAA2 $287,121.10 0.510 %
LEVEL 3 FINANCI 4.25% 07/01/28 527298BR3 $280,425.31 0.500 %
USI INC/NY 7.5% 01/15/32 90346KAB5 $280,300.78 0.500 %
AMC ENTERTAINMEN 7.5% 02/15/29 00165CBA1 $282,837.09 0.500 %
GARDA WORLD SECU 9.5% 11/01/27 36257BAA7 $281,852.10 0.500 %
CMG MEDIA CORP 8.875% 12/15/27 88146LAA1 $273,508.33 0.490 %
DORNOCH DEBT M 6.625% 10/15/29 25830JAA9 $273,055.78 0.490 %
ALTICE FRANCE H 10.5% 05/15/27 02156TAB0 $276,600.44 0.490 %
GRIFOLS SA 4.75% 10/15/28 39843UAA0 $267,844.42 0.480 %
WATCO COS LLC/FI 6.5% 06/15/27 941130AB2 $272,265.93 0.480 %
OSCAR ACQUISITIO 9.5% 04/15/30 687785AB1 $267,135.70 0.480 %
NABORS INDUSTRI 7.25% 01/15/26 629571AA8 $267,605.95 0.480 %
MCGRAW-HILL EDUCAT 8% 08/01/29 57767XAB6 $271,811.64 0.480 %
TRANSOCEAN INC 11.5% 01/30/27 893830BQ1 $265,427.44 0.470 %
GLOBAL MEDICAL R 6.5% 10/01/25 37960BAA3 $256,145.31 0.460 %
DISH DBS CORP 5.25% 12/01/26 25470XBE4 $254,295.85 0.450 %
PREMIER ENTERT 5.625% 09/01/29 74052HAA2 $254,364.21 0.450 %
PRESIDIO HOLDIN 8.25% 02/01/28 74101XAF7 $247,671.01 0.440 %
MAXIM CRANE WOR 11.5% 09/01/28 57779EAA6 $246,343.87 0.440 %
MCLAREN FINANCE 7.5% 08/01/26 58175LAA8 $245,375.63 0.440 %
REAL HERO MERGE 6.25% 02/01/29 75602BAA7 $239,434.49 0.430 %
IHEARTCOMMUNICA 5.25% 08/15/27 45174HBE6 $243,919.65 0.430 %
UNITI GRP/UNITI HL 6% 01/15/30 91327AAB8 $242,679.77 0.430 %
DIVERSIFIED HEA 9.75% 06/15/25 25525PAA5 $242,168.61 0.430 %
BAFFINLAND IRON 8.75% 07/15/26 056623AA9 $240,181.47 0.430 %
IHEARTCOMMUNIC 8.375% 05/01/27 45174HBD8 $238,528.08 0.420 %
PREMIER ENTERT 5.875% 09/01/31 74052HAB0 $236,213.85 0.420 %
HUB INTERNATIO 5.625% 12/01/29 44332PAG6 $235,442.80 0.420 %
KRONOS ACQ / KIK 7% 12/31/27 50106GAF9 $237,502.47 0.420 %
GTCR AP FINANCE IN 8% 05/15/27 40060QAA3 $237,442.01 0.420 %
HOWDEN UK REFI 8.125% 02/15/32 44287DAA1 $228,835.09 0.410 %
CSC HOLDINGS LLC 7.5% 04/01/28 126307AY3 $230,355.35 0.410 %
CALUMET SPECIALTY 11% 04/15/25 131477AT8 $230,009.09 0.410 %
B&G FOODS INC 5.25% 09/15/27 05508WAB1 $229,501.87 0.410 %
APTIM CORP 7.75% 06/15/25 12595DAA5 $232,245.52 0.410 %
CHOBANI LLC/FI 7.625% 07/01/29 17027NAC6 $230,600.60 0.410 %
ARDAGH PKG FIN/ 5.25% 08/15/27 03969AAP5 $229,266.40 0.410 %
ASSUREDPARTNER 5.625% 01/15/29 04624VAB5 $228,398.92 0.410 %
TUTOR PERINI C 6.875% 05/01/25 901109AF5 $229,224.16 0.410 %
MAJORDRIVE HOL 6.375% 06/01/29 56085RAA8 $225,228.18 0.400 %
LD HOLDINGS GR 6.125% 04/01/28 521088AC8 $223,648.32 0.400 %
DEALER TIRE LLC/DT 8% 02/01/28 24229JAA1 $226,915.11 0.400 %
SPX FLOW INC 8.75% 04/01/30 758071AA2 $227,444.48 0.400 %
CP ATLAS BUYER INC 7% 12/01/28 12597YAA7 $217,841.64 0.390 %
FXI HOLDINGS I 12.25% 11/15/26 36120RAE9 $216,531.39 0.390 %
TRANSOCEAN INC 8% 02/01/27 893830BL2 $221,299.14 0.390 %
GUITAR CENTER IN 8.5% 01/15/26 40204BAA3 $221,098.08 0.390 %
LD HOLDINGS GROU 6.5% 11/01/25 521088AA2 $219,534.17 0.390 %
ROCKET SOFTWARE 6.5% 02/15/29 77314EAA6 $221,366.49 0.390 %
WASTE PRO USA IN 5.5% 02/15/26 94107JAA1 $213,487.51 0.380 %
SIGMA HOLDCO B 7.875% 05/15/26 82660CAA0 $212,898.11 0.380 %
DISH DBS CORP 5.75% 12/01/28 25470XBF1 $208,833.01 0.370 %
ILLUMINATE BUYER/H 9% 07/01/28 45232TAA9 $206,832.82 0.370 %
GPD COS INC 10.125% 04/01/26 64051NAA1 $206,917.63 0.370 %
SWF ESCROW ISSUE 6.5% 10/01/29 78500AAA6 $207,130.64 0.370 %
WOLVERINE WORLD WI 4% 08/15/29 978097AG8 $206,175.88 0.370 %
TRANSOCEAN INC 7.5% 01/15/26 893830BF5 $206,616.82 0.370 %
GRAHAM PACKAGI 7.125% 08/15/28 384701AA6 $208,466.30 0.370 %
ACRISURE LLC / FIN 6% 08/01/29 00489LAH6 $203,718.81 0.360 %
TREEHOUSE FOODS IN 4% 09/01/28 89469AAD6 $202,685.54 0.360 %
GARDA WORLD SECURI 6% 06/01/29 36485MAL3 $200,908.62 0.360 %
DELUXE CORP 8% 06/01/29 248019AU5 $203,010.85 0.360 %
WERNER FINCO LP 11.5% 06/15/28 95076PAC7 $201,574.76 0.360 %
HUGHES SATELLI 6.625% 08/01/26 444454AF9 $197,368.82 0.350 %
UNITED NATURAL 6.75% 10/15/28 911163AA1 $194,463.16 0.350 %
GLATFELTER 4.75% 11/15/29 377320AA4 $195,476.11 0.350 %
ASSUREDPARTNERS 7.5% 02/15/32 04624VAC3 $198,706.61 0.350 %
OSAIC HOLDINGS 10.75% 08/01/27 00791GAA5 $194,454.02 0.350 %
ALLIANT HOLD / 5.875% 11/01/29 01883LAD5 $190,494.74 0.340 %
SRS DISTRIBUTI 6.125% 07/01/29 78471RAC0 $190,163.14 0.340 %
ACRISURE LLC 10.125% 08/01/26 00489LAD5 $188,699.95 0.340 %
ARCHES BUYER I 6.125% 12/01/28 039524AB9 $191,575.29 0.340 %
RAYONIER AM PR 7.625% 01/15/26 75508EAB4 $192,609.49 0.340 %
IAMGOLD CORP 5.75% 10/15/28 450913AF5 $189,268.19 0.340 %
MOTION BONDCO 6.625% 11/15/27 61978XAA5 $183,537.90 0.330 %
DIVERSIFIED HEA 4.75% 02/15/28 81721MAM1 $182,720.03 0.330 %
REALOGY GROUP/C 5.75% 01/15/29 75606DAL5 $187,929.59 0.330 %
LIFEPOINT HEAL 5.375% 01/15/29 53219LAU3 $185,316.35 0.330 %
TRANSOCEAN INC 6.8% 03/15/38 893830AT6 $184,256.02 0.330 %
P&L DEV LLC/PLD 7.75% 11/15/25 69306RAA4 $181,517.06 0.320 %
VERICAST CORP 12.5% 12/15/27 92342NAK9 $182,203.88 0.320 %
ACPRODUCTS HOL 6.375% 05/15/29 92641PAA4 $179,732.45 0.320 %
TK ELEVATOR HO 7.625% 07/15/28 92537VAA8 $178,844.57 0.320 %
FULL HOUSE RESO 8.25% 02/15/28 359678AC3 $178,887.54 0.320 %
NEWFOLD DIGITAL HL 6% 02/15/29 29279XAA8 $175,132.82 0.310 %
EAGLE INT GLO/EA 7.5% 05/01/25 26963PAA2 $173,940.33 0.310 %
AHEAD DB HOLDI 6.625% 05/01/28 00867FAA6 $169,357.87 0.300 %
LABL INC 8.25% 11/01/29 50168QAD7 $168,602.03 0.300 %
ARETEC GROUP INC 7.5% 04/01/29 040133AA8 $171,029.50 0.300 %
FOUNDATION BUILDIN 6% 03/01/29 350392AA4 $166,132.37 0.300 %
IRIS HOLDING INC 10% 12/15/28 462914AA0 $167,483.04 0.300 %
WEST TECHNOLOGY 8.5% 04/10/27 956187AA6 $161,040.00 0.290 %
OLYMPUS WTR US 6.25% 10/01/29 681639AB6 $164,626.65 0.290 %
COBRA ACQUISIT 6.375% 11/01/29 19106CAA4 $160,898.91 0.290 %
CABLEVISION LI 5.625% 09/15/28 12687GAB5 $155,096.74 0.280 %
BOXER PARENT C 9.125% 03/01/26 103186AC6 $155,258.91 0.280 %
SINCLAIR TELEVIS 5.5% 03/01/30 829259AY6 $160,058.91 0.280 %
LEVEL 3 FINANCI 3.75% 07/15/29 527298BT9 $159,598.44 0.280 %
IHEARTCOMMUNICA 4.75% 01/15/28 45174HBG1 $159,364.93 0.280 %
ARMOR HOLDCO INC 8.5% 11/15/29 04625PAA9 $156,004.04 0.280 %
LSF11 A5 HOLDC 6.625% 10/15/29 50221DAA7 $151,180.38 0.270 %
PARK-OHIO INDU 6.625% 04/15/27 700677AR8 $149,842.66 0.270 %
GPS HOSPITALITY HO 7% 08/15/28 36262BAA0 $149,178.38 0.270 %
PARK RIVER HOL 5.625% 02/01/29 70082LAA5 $149,457.18 0.270 %
SURGERY CENTER HO 10% 04/15/27 86881WAD4 $151,946.78 0.270 %
DIVERSIFIED HE 4.375% 03/01/31 25525PAB3 $154,412.82 0.270 %
LEVEL 3 FINANC 3.625% 01/15/29 527298BS1 $148,918.89 0.270 %
NABORS INDUSTRIE 7.5% 01/15/28 629571AB6 $147,684.87 0.260 %
DISH DBS CORP 7.75% 07/01/26 25470XAY1 $137,713.85 0.250 %
REALOGY GROUP/C 5.25% 04/15/30 75606DAQ4 $141,203.53 0.250 %
VIRTUSA CORP 7.125% 12/15/28 92837TAA0 $142,440.42 0.250 %
LIBERTY INTERAC 8.25% 02/01/30 530715AJ0 $139,462.69 0.250 %
HRT DNT / HRT DN 8.5% 05/01/26 42239PAA7 $142,716.63 0.250 %
CARROLS RESTAU 5.875% 07/01/29 14574XAF1 $133,758.42 0.240 %
ALLEN MEDIA LLC 10.5% 02/15/28 01771YAA8 $132,317.24 0.240 %
STONEMOR INC 8.5% 05/15/29 86184WAA4 $134,267.47 0.240 %
GREAT LAKES DRE 5.25% 06/01/29 390607AF6 $136,079.51 0.240 %
COEUR MINING I 5.125% 02/15/29 192108BC1 $128,850.34 0.230 %
GOTO GROUP INC 5.5% 05/01/28 38349YAB1 $128,616.32 0.230 %
CORNERSTONE BU 6.125% 01/15/29 21925DAA7 $131,210.91 0.230 %
FINANCE OF AME 7.875% 11/15/25 317386AA8 $128,012.34 0.230 %
OFFICE PPTY INCOME 9% 03/31/29 67623CAG4 $130,892.83 0.230 %
TRANSOCEAN INC 7.25% 11/01/25 893830BK4 $128,062.97 0.230 %
CALUMET SPECIA 8.125% 01/15/27 131477AV3 $129,036.39 0.230 %
ALTICE FRANCE HOLD 6% 02/15/28 02156TAA2 $130,297.67 0.230 %
TRANSMONTAIGE 6.125% 02/15/26 89376VAA8 $129,721.81 0.230 %
CALUMET SPECIAL 9.75% 07/15/28 131477AW1 $126,594.98 0.230 %
TRANSOCEAN INC 7.5% 04/15/31 893830AF6 $129,984.38 0.230 %
JONES DESLAURIE 10.5% 12/15/30 48020RAA3 $130,451.84 0.230 %
NORTHWEST FIBER LL 6% 02/15/28 667449AC6 $131,109.50 0.230 %
HIGHTOWER HOLDI 6.75% 04/15/29 43118DAA8 $130,781.01 0.230 %
B&G FOODS INC 5.25% 04/01/25 05508RAE6 $119,469.65 0.210 %
NINE ENERGY SERVI 13% 02/01/28 65441VAE1 $116,582.14 0.210 %
SINCLAIR TELEV 5.125% 02/15/27 829259AW0 $115,656.44 0.210 %
TELESAT CANADA 5.625% 12/06/26 87952VAR7 $120,393.24 0.210 %
DISH DBS CORP 5.125% 06/01/29 25470XBD6 $111,425.63 0.200 %
CARRIAGE PURCH 7.875% 10/15/29 14445LAA5 $110,947.76 0.200 %
AHP HEALTH PART 5.75% 07/15/29 00150LAB7 $110,763.61 0.200 %
GLOBAL MARINE INC 7% 06/01/28 379352AL1 $114,826.74 0.200 %
INNOVATE CORP 8.5% 02/01/26 404139AJ6 $111,021.17 0.200 %
WORLD ACCEPTANCE C 7% 11/01/26 981419AC8 $105,915.89 0.190 %
SIGNAL PARENT 6.125% 04/01/29 82666QAA3 $108,181.58 0.190 %
TELESAT CANADA 4.875% 06/01/27 87952VAP1 $100,930.16 0.180 %
BAUSCH HEALTH COS 14% 10/15/30 071734AR8 $103,742.22 0.180 %
F-BRASILE SPA/ 7.375% 08/15/26 30191BAB7 $100,455.12 0.180 %
PARK RIVER HOLD 6.75% 08/01/29 70082LAB3 $103,151.62 0.180 %
UNIFRAX ESCROW I 7.5% 09/30/29 90473LAC6 $100,033.05 0.180 %
INNOPHOS HOLDI 9.375% 02/15/28 45774NAB4 $93,344.67 0.170 %
NGL ENRGY PART L 7.5% 04/15/26 62913TAP7 $93,239.31 0.170 %
WW INTERNATIONAL 4.5% 04/15/29 98262PAA9 $94,942.63 0.170 %
NORTHWEST FIBE 10.75% 06/01/28 667449AA0 $92,263.55 0.160 %
OT MERGER CORP 7.875% 10/15/29 688777AA9 $89,480.95 0.160 %
EMERGENT BIOSO 3.875% 08/15/28 29089QAC9 $83,416.02 0.150 %
LIBERTY INTERACT 8.5% 07/15/29 530715AD3 $81,632.50 0.150 %
CSC HOLDINGS LLC 5% 11/15/31 126307BK2 $86,429.73 0.150 %
OFFICE PPTY INCO 2.4% 02/01/27 67623CAE9 $77,019.42 0.140 %
OFFICE PPTY INC 3.45% 10/15/31 67623CAF6 $77,376.59 0.140 %
OFFICE PPTY INC 2.65% 06/15/26 67623CAD1 $78,669.54 0.140 %
BEASLEY MEZ HL 8.625% 02/01/26 07403VAA7 $73,367.53 0.130 %
ORIFLAME INVES 5.125% 05/04/26 68621CAA7 $70,641.84 0.130 %
CASTLE US HOLDIN 9.5% 02/15/28 14852LAA1 $68,361.60 0.120 %
AT HOME GROUP 4.875% 07/15/28 04650YAA8 $66,272.23 0.120 %
99 ESCROW ISSUER 7.5% 01/15/26 65442QAA9 $57,815.73 0.100 %
TRINSEO OP / T 5.125% 04/01/29 89668QAF5 $58,142.27 0.100 %
LUMEN TECHNOLOGI 7.6% 09/15/39 156700AM8 $56,804.95 0.100 %
LUMEN TECHNOLOG 7.65% 03/15/42 156700AT3 $58,120.01 0.100 %
LUMEN TECHNOLOGI 4.5% 01/15/29 156700BD7 $49,063.00 0.090 %
POLAR US BORROW 6.75% 05/15/26 73103PAA5 $36,031.16 0.060 %
UNIVERSAL ENTERT S/UP 12/11/24 91349WAB4 $27,538.42 0.050 %
WEWORK INC-CL A 96209A401 $160.68 0.000 %
As of 03/27/2024 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 1, 2024 Mar 4, 2024 Mar 7, 2024 0.34519
Feb 1, 2024 Feb 2, 2024 Feb 7, 2024 0.36233
Dec 28, 2023 Dec 29, 2023 Jan 4, 2024 0.37862
Dec 1, 2023 Dec 4, 2023 Dec 7, 2023 0.36377
Nov 1, 2023 Nov 2, 2023 Nov 7, 2023 0.29731
Oct 2, 2023 Oct 3, 2023 Oct 6, 2023 0.32612
Sep 1, 2023 Sep 5, 2023 Sep 8, 2023 0.36047
Aug 1, 2023 Aug 2, 2023 Aug 7, 2023 0.29481
Jul 3, 2023 Jul 5, 2023 Jul 10, 2023 0.34437
Jun 1, 2023 Jun 2, 2023 Jun 7, 2023 0.42284
May 1, 2023 May 2, 2023 May 5, 2023 0.34613
Apr 3, 2023 Apr 4, 2023 Apr 7, 2023 0.40244
Mar 1, 2023 Mar 2, 2023 Mar 7, 2023 0.34910
Feb 1, 2023 Feb 2, 2023 Feb 7, 2023 0.36700
Dec 29, 2022 Dec 30, 2022 Jan 5, 2023 0.46086
Dec 1, 2022 Dec 2, 2022 Dec 7, 2022 0.42358
Nov 1, 2022 Nov 2, 2022 Nov 7, 2022 0.40878
Oct 3, 2022 Oct 4, 2022 Oct 7, 2022 0.39255
Sep 1, 2022 Sep 2, 2022 Sep 8, 2022 0.35772
Aug 1, 2022 Aug 2, 2022 Aug 5, 2022 0.38059
Jul 1, 2022 Jul 5, 2022 Jul 8, 2022 0.34510

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): For a bond, the option-adjusted spread is the measurement of the spread between the bond and the underlying government yield curve. For an Index, the average of its constituent security government option-adjusted spreads, weighted by full market value. 

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/