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XCCC

BondBloxx CCC Rated USD High Yield Corporate Bond ETF

Net asset value

$37.19

EXPENSE RATIO

0.40%

Yield to Maturity

13.76%

30-Day Sec Yield

13.94%
ALL DATA AS OF 11/30/2023, UNLESS OTHERWISE STATED. 30-DAY SEC YIELD AS OF 10/31/2023. 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 $22,312,861
Shares Outstanding 600,000
Median Spread 0.49%
Premium Discount Ratio 0.38%
Closing Price as of 11/30/2023 $37.33

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 228
Number of Issuers 168
Average Coupon 7.4%
Average Maturity 4.25 Years
* 30-Day SEC Yield is as of 10/31/2023
Yield to Maturity 13.76%
Yield to Worst 13.64%
Option Adjusted Spread 903
Spread Duration 2.94
30-Day SEC Yield* 13.94%

Portfolio Breakdown

Corporate 99.4%
Cash and Equivalents -0.4%
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 $123.331B

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
CSC Holdings LLC 2.01 %
Cloud Software Group Inc. 1.99 %
Transocean Inc. 1.97 %
DISH DBS Corporation 1.89 %
Viking Cruises Ltd. 1.89 %
HUB International Ltd. 1.78 %
Minerva Merger Subordinated Inc. 1.73 %
NCL Corporation Ltd. 1.71 %
Community Health Systems Incorporated 1.60 %
NFP Corp. 1.55 %
Name CUSIP Market Value % of Net Assets
CLOUD SOFTWARE GRP 9% 09/30/29 18912UAA0 $444,250.81 1.990 %
ATHENAHEALTH GRO 6.5% 02/15/30 60337JAA4 $385,674.17 1.730 %
NFP CORP 6.875% 08/15/28 65342RAD2 $346,439.77 1.550 %
MCAFEE CORP 7.375% 02/15/30 579063AB4 $327,956.64 1.470 %
HUB INTERNATIONAL 7% 05/01/26 44332PAD3 $300,443.89 1.350 %
CLARIOS GLOBAL L 8.5% 05/15/27 69867DAC2 $293,376.99 1.310 %
VERICAST CORP 11% 09/15/26 92348BAA1 $253,382.22 1.140 %
ALLIANT HOLD / 6.75% 10/15/27 01883LAA1 $237,313.13 1.060 %
MAUSER PACKAGIN 9.25% 04/15/27 57763RAC1 $226,105.80 1.010 %
LIFEPT/LEGACY L 9.75% 12/01/26 53219LAR0 $222,594.41 1.000 %
ASTON MARTIN CA 10.5% 11/30/25 04625HAG4 $222,135.54 1.000 %
VERSCEND ESCROW 9.75% 08/15/26 92535WAA8 $216,998.53 0.970 %
DISH DBS CORP 7.75% 07/01/26 25470XAY1 $217,397.16 0.970 %
NCL CORPORATIO 5.875% 03/15/26 62886HBA8 $211,343.61 0.950 %
NMG HLDCO/NEIM 7.125% 04/01/26 62929RAC2 $199,399.60 0.890 %
FERTITTA ENTERT 6.75% 01/15/30 31556TAC3 $195,816.26 0.880 %
ALLIED UNIVERSA 9.75% 07/15/27 019576AB3 $191,594.97 0.860 %
WR GRACE HOLDI 5.625% 08/15/29 92943GAA9 $189,022.35 0.850 %
CLYDESDALE ACQU 8.75% 04/15/30 18972EAB1 $181,871.03 0.820 %
COMMSCOPE TECH LLC 6% 06/15/25 20337YAA5 $183,081.75 0.820 %
ARTERA SERVICE 9.033% 12/04/25 73939VAA2 $171,244.75 0.770 %
ACRISURE LLC / FIN 7% 11/15/25 00489LAA1 $171,502.62 0.770 %
CSC HOLDINGS LL 5.75% 01/15/30 126307BA4 $164,504.82 0.740 %
CSC HOLDINGS L 4.625% 12/01/30 126307BD8 $159,957.27 0.720 %
MADISON IAQ LL 5.875% 06/30/29 55760LAB3 $159,908.96 0.720 %
CLEAR CHANNEL OU 7.5% 06/01/29 18453HAD8 $157,781.08 0.710 %
UNIVERSAL ENTERT S/UP 12/11/24 91349WAB4 $158,701.70 0.710 %
VIKING CRUISES 5.875% 09/15/27 92676XAD9 $152,766.84 0.680 %
ALTICE FRANCE H 10.5% 05/15/27 02156TAB0 $150,295.23 0.670 %
MPH ACQUISITION 5.75% 11/01/28 553283AC6 $148,252.57 0.660 %
CHS/COMMUNITY 6.875% 04/15/29 12543DBJ8 $146,899.49 0.660 %
CLEAR CHANNEL O 7.75% 04/15/28 18453HAC0 $145,350.98 0.650 %
UNITI GROUP/CSL 6.5% 02/15/29 91327BAA8 $143,982.30 0.650 %
ZAYO GROUP HOL 6.125% 03/01/28 98919VAB1 $144,428.79 0.650 %
CMG MEDIA CORP 8.875% 12/15/27 88146LAA1 $143,119.36 0.640 %
VIKING CRUISES 9.125% 07/15/31 92676XAG2 $140,311.88 0.630 %
LBM ACQUISITION 6.25% 01/15/29 05552BAA4 $137,999.38 0.620 %
MICHAELS COS I 7.875% 05/01/29 55916AAB0 $138,192.60 0.620 %
TRIDENT TPI HO 12.75% 12/31/28 89616RAC3 $135,590.00 0.610 %
SRS DISTRIBUTION I 6% 12/01/29 78471RAD8 $134,976.33 0.600 %
CHS/COMMUNITY 6.125% 04/01/30 12543DBL3 $133,807.44 0.600 %
ALLIED UNIVERSAL 6% 06/01/29 019576AC1 $133,400.75 0.600 %
EMBARQ CORP 7.995% 06/01/36 29078EAA3 $133,590.24 0.600 %
BROADSTREET PA 5.875% 04/15/29 11135RAA3 $128,403.45 0.580 %
PIKE CORP 5.5% 09/01/28 721283AA7 $129,576.30 0.580 %
ARDAGH PKG FIN/ 5.25% 08/15/27 03969AAR1 $129,129.56 0.580 %
AMC ENTERTAINMEN 7.5% 02/15/29 00165CBA1 $129,784.50 0.580 %
IHEARTCOMMUNIC 8.375% 05/01/27 45174HBD8 $127,415.62 0.570 %
TRIVIUM PACKAGIN 8.5% 08/15/27 89686QAB2 $126,184.46 0.570 %
TITAN ACQ/CO-BO 7.75% 04/15/26 88827AAA1 $124,864.10 0.560 %
LABL INC 10.5% 07/15/27 50168AAA8 $123,407.11 0.550 %
RP ESCROW ISSUE 5.25% 12/15/25 74969PAA6 $123,764.92 0.550 %
FXI HOLDINGS I 12.25% 11/15/26 35166FAA0 $123,612.22 0.550 %
SCIH SALT HOLD 6.625% 05/01/29 78433BAB4 $120,446.57 0.540 %
STAPLES INC 10.75% 04/15/27 855030AP7 $119,732.60 0.540 %
BCPE EMPIRE HO 7.625% 05/01/27 05552VAA0 $120,256.15 0.540 %
USI INC/NY 6.875% 05/01/25 91739VAA6 $119,875.10 0.540 %
RADIATE HOLDCO / 4.5% 09/15/26 75026JAC4 $120,887.28 0.540 %
METIS MERGER SUB 6.5% 05/15/29 59155LAA0 $118,826.44 0.530 %
SPIRIT AEROSYSTE 4.6% 06/15/28 85205TAK6 $118,216.96 0.530 %
GARDA WORLD SECU 9.5% 11/01/27 36257BAA7 $116,797.77 0.520 %
VIBRANTZ TECH INC 9% 02/15/30 69357VAA3 $115,683.90 0.520 %
MCGRAW-HILL EDUCAT 8% 08/01/29 57767XAB6 $116,067.71 0.520 %
TRITON WATER HO 6.25% 04/01/29 89680EAA7 $117,128.93 0.520 %
WHITE CAP BUYE 6.875% 10/15/28 96350RAA2 $115,257.81 0.520 %
PM GENERAL PURCH 9.5% 10/01/28 69356MAA4 $112,738.53 0.510 %
DISH DBS CORP 5.125% 06/01/29 25470XBD6 $113,466.28 0.510 %
WATCO COS LLC/FI 6.5% 06/15/27 941130AB2 $114,398.81 0.510 %
ARDAGH PKG FIN/ 5.25% 08/15/27 03969AAP5 $114,371.90 0.510 %
TKC HOLDINGS IN 10.5% 05/15/29 87256YAA1 $113,140.52 0.510 %
BAFFINLAND IRON 8.75% 07/15/26 056623AA9 $112,065.26 0.500 %
DORNOCH DEBT M 6.625% 10/15/29 25830JAA9 $107,833.20 0.480 %
VECTOR GROUP LT 10.5% 11/01/26 92240MBJ6 $106,144.57 0.480 %
TRANSOCEAN INC 11.5% 01/30/27 893830BQ1 $107,961.28 0.480 %
OSCAR ACQUISITIO 9.5% 04/15/30 687785AB1 $106,253.55 0.480 %
CHOBANI LLC/FINA 7.5% 04/15/25 17027NAA0 $104,908.30 0.470 %
MCLAREN FINANCE 7.5% 08/01/26 58175LAA8 $105,822.48 0.470 %
PRESIDIO HOLDIN 8.25% 02/01/28 74101XAF7 $105,226.93 0.470 %
CIMPRESS PLC 7% 06/15/26 17186HAG7 $105,052.80 0.470 %
DIVERSIFIED HEA 9.75% 06/15/25 25525PAA5 $103,786.32 0.470 %
ASSUREDPARTNERS IN 7% 08/15/25 04624VAA7 $101,894.47 0.460 %
APTIM CORP 7.75% 06/15/25 12595DAA5 $97,315.31 0.440 %
NABORS INDUSTRI 7.25% 01/15/26 629571AA8 $98,409.89 0.440 %
DEALER TIRE LLC/DT 8% 02/01/28 24229JAA1 $97,569.17 0.440 %
ASSUREDPARTNER 5.625% 01/15/29 04624VAB5 $96,155.37 0.430 %
HUB INTERNATIO 5.625% 12/01/29 44332PAG6 $96,184.97 0.430 %
REAL HERO MERGE 6.25% 02/01/29 75602BAA7 $95,583.72 0.430 %
KRONOS ACQ / KIK 7% 12/31/27 50106GAF9 $95,604.11 0.430 %
SPX FLOW INC 8.75% 04/01/30 758071AA2 $97,046.33 0.430 %
LEVEL 3 FINANC 4.625% 09/15/27 527298BN2 $94,653.81 0.420 %
TRANSOCEAN INC 8% 02/01/27 893830BL2 $93,564.71 0.420 %
NCL CORPORATION 7.75% 02/15/29 62886HBG5 $92,219.26 0.410 %
RADIATE HOLDCO / 6.5% 09/15/28 75026JAE0 $91,812.22 0.410 %
WASTE PRO USA IN 5.5% 02/15/26 94107JAA1 $91,273.57 0.410 %
ROCKET SOFTWARE 6.5% 02/15/29 77314EAA6 $91,120.11 0.410 %
NABORS INDUSTRI 5.75% 02/01/25 62957HAF2 $91,563.45 0.410 %
DISH DBS CORP 7.375% 07/01/28 25470XBB0 $92,056.37 0.410 %
COMMSCOPE INC 8.25% 03/01/27 20338QAA1 $90,834.63 0.410 %
MAXIM CRANE WOR 11.5% 09/01/28 57779EAA6 $92,593.75 0.410 %
EAGLE INT GLO/EA 7.5% 05/01/25 26963PAA2 $90,112.50 0.400 %
GUITAR CENTER IN 8.5% 01/15/26 40204BAA3 $89,294.75 0.400 %
ALTICE FRANCE HOLD 6% 02/15/28 02156TAA2 $88,758.70 0.400 %
ILLUMINATE BUYER/H 9% 07/01/28 45232TAA9 $88,120.35 0.390 %
GRAHAM PACKAGI 7.125% 08/15/28 384701AA6 $87,478.89 0.390 %
LEVEL 3 FINANCI 4.25% 07/01/28 527298BR3 $87,422.65 0.390 %
GLOBAL MEDICAL R 6.5% 10/01/25 37960BAA3 $86,456.23 0.390 %
TUTOR PERINI C 6.875% 05/01/25 901109AF5 $87,141.10 0.390 %
CSC HOLDINGS LLC 7.5% 04/01/28 126307AY3 $87,588.43 0.390 %
B&G FOODS INC 5.25% 09/15/27 05508WAB1 $83,909.80 0.380 %
VIKING CRUISES LTD 7% 02/15/29 92676XAF4 $85,180.06 0.380 %
MAJORDRIVE HOL 6.375% 06/01/29 56085RAA8 $84,820.00 0.380 %
ACRISURE LLC / FIN 6% 08/01/29 00489LAH6 $83,812.25 0.380 %
TRIUMPH GROUP I 7.75% 08/15/25 896818AP6 $85,324.65 0.380 %
GTCR AP FINANCE IN 8% 05/15/27 40060QAA3 $85,108.04 0.380 %
TREEHOUSE FOODS IN 4% 09/01/28 89469AAD6 $81,854.24 0.370 %
LD HOLDINGS GROU 6.5% 11/01/25 521088AA2 $83,546.63 0.370 %
SIGMA HOLDCO B 7.875% 05/15/26 82660CAA0 $82,141.75 0.370 %
ARCHES BUYER I 6.125% 12/01/28 039524AB9 $83,148.40 0.370 %
LD HOLDINGS GR 6.125% 04/01/28 521088AC8 $82,320.26 0.370 %
DELUXE CORP 8% 06/01/29 248019AU5 $80,187.76 0.360 %
TRANSOCEAN INC 7.5% 01/15/26 893830BF5 $80,329.07 0.360 %
CP ATLAS BUYER INC 7% 12/01/28 12597YAA7 $79,540.00 0.360 %
UNITI GRP/UNITI HL 6% 01/15/30 91327AAB8 $80,628.80 0.360 %
ALLIANT HOLD / 5.875% 11/01/29 01883LAD5 $77,349.65 0.350 %
NCL CORPORATIO 3.625% 12/15/24 62886HAP6 $78,695.85 0.350 %
OSAIC HOLDINGS 10.75% 08/01/27 00791GAA5 $78,354.52 0.350 %
SWF ESCROW ISSUE 6.5% 10/01/29 78500AAA6 $76,699.00 0.340 %
CALUMET SPECIALTY 11% 04/15/25 131477AT8 $74,814.10 0.340 %
WERNER FINCO LP 11.5% 06/15/28 95076PAC7 $75,735.41 0.340 %
GARDA WORLD SECURI 6% 06/01/29 36485MAL3 $75,028.61 0.340 %
CHS/COMMUNITY 6.875% 04/01/28 12543DBE9 $75,027.84 0.340 %
TK ELEVATOR HO 7.625% 07/15/28 92537VAA8 $73,410.42 0.330 %
SRS DISTRIBUTI 6.125% 07/01/29 78471RAC0 $72,756.33 0.330 %
ACRISURE LLC 10.125% 08/01/26 00489LAD5 $73,464.37 0.330 %
IAMGOLD CORP 5.75% 10/15/28 450913AF5 $73,708.38 0.330 %
REALOGY GROUP/C 5.75% 01/15/29 75606DAL5 $73,580.88 0.330 %
FULL HOUSE RESO 8.25% 02/15/28 359678AC3 $73,884.53 0.330 %
MOTION BONDCO 6.625% 11/15/27 61978XAA5 $72,294.91 0.320 %
FXI HOLDINGS I 12.25% 11/15/26 36120RAE9 $72,475.86 0.320 %
BOXER PARENT C 9.125% 03/01/26 103186AC6 $70,664.62 0.320 %
WOLVERINE WORLD WI 4% 08/15/29 978097AG8 $70,485.10 0.320 %
CALUMET SPECIAL 9.75% 07/15/28 131477AW1 $70,699.88 0.320 %
WEST TECHNOLOGY 8.5% 04/10/27 956187AA6 $69,963.33 0.310 %
AHEAD DB HOLDI 6.625% 05/01/28 00867FAA6 $69,194.87 0.310 %
ARETEC ESCROW IS 7.5% 04/01/29 040133AA8 $68,663.55 0.310 %
NABORS INDUSTRIE 7.5% 01/15/28 629571AB6 $68,566.75 0.310 %
NCL FINANCE LT 6.125% 03/15/28 62888HAA7 $69,082.86 0.310 %
RAYONIER AM PR 7.625% 01/15/26 75508EAB4 $65,841.42 0.300 %
OLYMPUS WTR US 6.25% 10/01/29 681639AB6 $66,533.33 0.300 %
LABL INC 8.25% 11/01/29 50168QAD7 $64,700.00 0.290 %
ALLEN MEDIA LLC 10.5% 02/15/28 01771YAA8 $64,338.80 0.290 %
COMMSCOPE TECH LLC 5% 03/15/27 20338HAB9 $63,755.36 0.290 %
NGL ENRGY PART 6.125% 03/01/25 62913TAM4 $65,033.02 0.290 %
PARK-OHIO INDU 6.625% 04/15/27 700677AR8 $64,361.87 0.290 %
LIFEPOINT HEAL 5.375% 01/15/29 53219LAU3 $65,589.36 0.290 %
DIVERSIFIED HE 4.375% 03/01/31 25525PAB3 $64,425.52 0.290 %
COMMSCOPE INC 7.125% 07/01/28 203372AV9 $64,739.03 0.290 %
ARMOR HOLDCO INC 8.5% 11/15/29 04625PAA9 $62,405.18 0.280 %
ACPRODUCTS HOL 6.375% 05/15/29 92641PAA4 $62,444.33 0.280 %
NEWFOLD DIGITAL HL 6% 02/15/29 29279XAA8 $63,374.10 0.280 %
TRANSOCEAN INC 7.5% 04/15/31 893830AF6 $63,468.24 0.280 %
LIBERTY INTERAC 8.25% 02/01/30 530715AJ0 $63,580.31 0.280 %
CABLEVISION LI 5.625% 09/15/28 12687GAB5 $60,854.80 0.270 %
FOUNDATION BUILDIN 6% 03/01/29 350392AA4 $61,125.75 0.270 %
JONES DESLAURIE 10.5% 12/15/30 48020RAA3 $59,683.35 0.270 %
TELESAT CANADA 5.625% 12/06/26 87952VAR7 $60,594.50 0.270 %
RADIOLOGY PARTN 9.25% 02/01/28 75041VAA2 $59,530.59 0.270 %
SURGERY CENTER HO 10% 04/15/27 86881WAD4 $61,359.82 0.270 %
GLATFELTER 4.75% 11/15/29 377320AA4 $57,805.24 0.260 %
VIRTUSA CORP 7.125% 12/15/28 92837TAA0 $57,746.72 0.260 %
UNITED NATURAL 6.75% 10/15/28 911163AA1 $58,207.13 0.260 %
P&L DEV LLC/PLD 7.75% 11/15/25 69306RAA4 $59,108.35 0.260 %
FINANCE OF AME 7.875% 11/15/25 317386AA8 $57,101.80 0.260 %
LSF11 A5 HOLDC 6.625% 10/15/29 50221DAA7 $57,362.07 0.260 %
IRIS HOLDING INC 10% 12/15/28 462914AA0 $59,071.99 0.260 %
LEVEL 3 FINANC 3.625% 01/15/29 527298BS1 $56,702.29 0.250 %
LEVEL 3 FINANCI 3.75% 07/15/29 527298BT9 $56,300.50 0.250 %
TRANSMONTAIGE 6.125% 02/15/26 89376VAA8 $53,498.08 0.240 %
CARROLS RESTAU 5.875% 07/01/29 14574XAF1 $53,992.40 0.240 %
CALUMET SPECIA 8.125% 01/15/27 131477AV3 $53,509.14 0.240 %
COEUR MINING I 5.125% 02/15/29 192108BC1 $52,643.48 0.240 %
B&G FOODS INC 5.25% 04/01/25 05508RAE6 $54,520.20 0.240 %
HIGHTOWER HOLDI 6.75% 04/15/29 43118DAA8 $52,444.58 0.240 %
GREAT LAKES DRE 5.25% 06/01/29 390607AF6 $53,667.45 0.240 %
GPS HOSPITALITY HO 7% 08/15/28 36262BAA0 $50,407.76 0.230 %
TRANSOCEAN INC 6.8% 03/15/38 893830AT6 $50,213.19 0.230 %
COBRA ACQUISIT 6.375% 11/01/29 19106CAA4 $51,559.38 0.230 %
NORTHWEST FIBER LL 6% 02/15/28 667449AC6 $50,907.90 0.230 %
REALOGY GROUP/C 5.25% 04/15/30 75606DAQ4 $51,054.20 0.230 %
INNOPHOS HOLDI 9.375% 02/15/28 45774NAB4 $52,150.51 0.230 %
HRT DNT / HRT DN 8.5% 05/01/26 42239PAA7 $51,441.37 0.230 %
NGL ENRGY PART L 7.5% 04/15/26 62913TAP7 $48,537.62 0.220 %
AHP HEALTH PART 5.75% 07/15/29 00150LAB7 $47,020.72 0.210 %
PARK RIVER HOLD 6.75% 08/01/29 70082LAB3 $47,329.19 0.210 %
INNOVATE CORP 8.5% 02/01/26 404139AJ6 $47,604.65 0.210 %
PARK RIVER HOL 5.625% 02/01/29 70082LAA5 $46,336.30 0.210 %
TRANSOCEAN INC 7.25% 11/01/25 893830BK4 $44,479.20 0.200 %
WORLD ACCEPTANCE C 7% 11/01/26 981419AC8 $44,230.92 0.200 %
NORTHWEST FIBE 10.75% 06/01/28 667449AA0 $43,648.79 0.200 %
CARRIAGE PURCH 7.875% 10/15/29 14445LAA5 $43,969.07 0.200 %
CURO GROUP HOLDI 7.5% 08/01/28 23131LAE7 $45,677.50 0.200 %
CORNERSTONE BU 6.125% 01/15/29 21925DAA7 $44,501.82 0.200 %
VIKING CRUISES 6.25% 05/15/25 92676XAC1 $44,706.95 0.200 %
TELESAT CANADA 4.875% 06/01/27 87952VAP1 $41,300.00 0.190 %
UNIFRAX ESCROW I 7.5% 09/30/29 90473LAC6 $38,227.58 0.170 %
GLOBAL MARINE INC 7% 06/01/28 379352AL1 $38,475.00 0.170 %
EMERGENT BIOSO 3.875% 08/15/28 29089QAC9 $36,554.82 0.160 %
SPANISH BROADCA 9.75% 03/01/26 846425AQ9 $36,223.50 0.160 %
CSC HOLDINGS LLC 5% 11/15/31 126307BK2 $36,520.39 0.160 %
BEASLEY MEZ HL 8.625% 02/01/26 07403VAA7 $33,499.99 0.150 %
SIGNAL PARENT 6.125% 04/01/29 82666QAA3 $33,053.67 0.150 %
CASTLE US HOLDIN 9.5% 02/15/28 14852LAA1 $33,786.73 0.150 %
OT MERGER CORP 7.875% 10/15/29 688777AA9 $34,064.39 0.150 %
TRINSEO OP / T 5.125% 04/01/29 89668QAF5 $32,363.37 0.150 %
BAUSCH HEALTH COS 14% 10/15/30 071734AR8 $32,547.38 0.150 %
RACKSPACE TECHNO 3.5% 02/15/28 750098AB1 $34,122.06 0.150 %
ORIFLAME INVES 5.125% 05/04/26 68621CAA7 $31,476.67 0.140 %
RACKSPACE TECH 5.375% 12/01/28 750098AA3 $27,218.60 0.120 %
LUMEN TECHNOLOGI 4.5% 01/15/29 156700BD7 $25,999.25 0.120 %
99 ESCROW ISSUER 7.5% 01/15/26 65442QAA9 $26,625.78 0.120 %
POLAR US BORROW 6.75% 05/15/26 73103PAA5 $21,510.90 0.100 %
LUMEN TECHNOLO 5.125% 12/15/26 156700BB1 $20,242.81 0.090 %
AT HOME GROUP 4.875% 07/15/28 04650YAA8 $19,030.00 0.090 %
LUMEN TECHNOLOGI 7.6% 09/15/39 156700AM8 $18,506.21 0.080 %
CURO GROUP HOLDI 7.5% 08/01/28 23131LAC1 $15,966.40 0.070 %
H-FOOD HOLDNG/HE 8.5% 06/01/26 577088AA5 $15,410.15 0.070 %
LUMEN TECHNOLOG 7.65% 03/15/42 156700AT3 $13,583.90 0.060 %
WEWORK INC-CL A 96209A401 $870.35 0.000 %
CASH CASH -$87,313.95 -0.390 %
As of 11/30/2023 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)
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

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 small 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.

Option Adjusted Spread: The weighted average incremental yield earned over similar duration US Treasuries, measured in basis points. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity 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 Worst: The bond yield 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/