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XCCC

BondBloxx CCC Rated USD High Yield Corporate Bond ETF

Net asset value

$37.72

EXPENSE RATIO

0.40%

Yield to Maturity

12.45%

30-Day Sec Yield

12.01%
ALL DATA AS OF 05/22/2024, UNLESS OTHERWISE STATED. 30-DAY SEC YIELD AS OF 04/30/2024. 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 $54,686,700
Shares Outstanding 1,450,000
Median Spread 0.18%
Premium Discount Ratio 0.34%
Closing Price as of 05/22/2024 $37.89

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 238
Number of Issuers 168
Average Coupon 7.22%
Average Maturity 4.35 Years
* 30-Day SEC Yield is as of 04/30/2024
Yield to Maturity 12.45%
Yield to Worst 12.21%
Option Adjusted Spread 748
Spread Duration 2.82
30-Day SEC Yield* 12.01%

Portfolio Breakdown

Corporate 98.7%
Cash and Equivalents 0.9%
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 $135.137B

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. 2.04 %
CSC Holdings LLC 2.03 %
Cloud Software Group Inc. 2.02 %
HUB International Ltd. 2.00 %
Altice France S.A 1.93 %
LifePoint Health Inc 1.84 %
Minerva Merger Subordinated Inc. 1.82 %
Level 3 Financing Inc. 1.69 %
Allied Universal Holdco LLC / Allied Universal Finance Corporation 1.61 %
McAfee Corp 1.58 %
Name CUSIP Market Value % of Net Assets
CLOUD SOFTWARE GRP 9% 09/30/29 18912UAA0 $1,104,900.94 2.020 %
ATHENAHEALTH GRO 6.5% 02/15/30 60337JAA4 $996,750.05 1.820 %
MCAFEE CORP 7.375% 02/15/30 579063AB4 $864,664.70 1.580 %
HUB INTERNATIO 7.375% 01/31/32 44332PAJ0 $866,375.67 1.580 %
VERITAS US INC/B 7.5% 09/01/25 92346LAE3 $744,879.45 1.360 %
MAUSER PACKAGIN 9.25% 04/15/27 57763RAC1 $618,184.91 1.130 %
VERICAST CORP 11% 09/15/26 92348BAA1 $617,701.94 1.130 %
COMMSCOPE INC 6% 03/01/26 20338QAD5 $610,818.75 1.120 %
ALLIANT HOLD / 6.75% 10/15/27 01883LAA1 $599,464.92 1.100 %
LIFEPT/LEGACY L 9.75% 12/01/26 53219LAR0 $570,860.23 1.040 %
FERTITTA ENTERT 6.75% 01/15/30 31556TAC3 $516,158.09 0.940 %
NMG HLDCO/NEIM 7.125% 04/01/26 62929RAC2 $494,968.98 0.910 %
CLYDESDALE ACQU 8.75% 04/15/30 18972EAB1 $493,686.70 0.900 %
ALLIED UNIVERSA 9.75% 07/15/27 019576AB3 $491,135.74 0.900 %
WR GRACE HOLDI 5.625% 08/15/29 92943GAA9 $487,181.40 0.890 %
CASH CASH $473,124.60 0.870 %
ARDONAGH GROUP 8.875% 02/15/32 039956AA5 $461,588.62 0.840 %
CHS/COMMUNITY 6.875% 04/15/29 12543DBJ8 $448,359.27 0.820 %
MADISON IAQ LL 5.875% 06/30/29 55760LAB3 $445,512.68 0.810 %
ACRISURE LLC / 8.25% 02/01/29 00489LAK9 $438,912.31 0.800 %
TRANSOCEAN INC 8.25% 05/15/29 893830BY4 $429,325.98 0.790 %
COMMSCOPE INC 4.75% 09/01/29 203372AX5 $419,417.08 0.770 %
CHS/COMMUNITY 6.125% 04/01/30 12543DBL3 $415,582.84 0.760 %
CLEAR CHANNEL OU 7.5% 06/01/29 18453HAD8 $414,622.38 0.760 %
FRONTIER COMMUNICA 6% 01/15/30 35908MAB6 $404,642.07 0.740 %
CSC HOLDINGS LL 5.75% 01/15/30 126307BA4 $407,236.86 0.740 %
SRS DISTRIBUTION I 6% 12/01/29 78471RAD8 $406,762.79 0.740 %
CSC HOLDINGS L 4.625% 12/01/30 126307BD8 $402,264.38 0.740 %
CLEAR CHANNEL O 7.75% 04/15/28 18453HAC0 $399,968.50 0.730 %
FRONTIER COMMUN 6.75% 05/01/29 35906ABG2 $395,510.22 0.720 %
ALLIED UNIVERSAL 6% 06/01/29 019576AC1 $388,302.04 0.710 %
UNITI GROUP/CSL 6.5% 02/15/29 91327BAA8 $381,129.98 0.700 %
DISH NETWORK C 11.75% 11/15/27 25470MAG4 $376,234.47 0.690 %
MICHAELS COS I 7.875% 05/01/29 55916AAB0 $371,813.87 0.680 %
STAPLES INC 10.75% 04/15/27 855030AP7 $363,438.18 0.660 %
SURGERY CENTER 7.25% 04/15/32 86881WAF9 $355,927.85 0.650 %
AMC ENTERTAINMEN 7.5% 02/15/29 00165CBA1 $334,691.99 0.610 %
LABL INC 10.5% 07/15/27 50168AAA8 $329,107.28 0.600 %
TRIVIUM PACKAGIN 8.5% 08/15/27 89686QAB2 $327,430.78 0.600 %
FXI HOLDINGS I 12.25% 11/15/26 35166FAA0 $320,071.11 0.590 %
TRIDENT TPI HO 12.75% 12/31/28 89616RAC3 $324,787.09 0.590 %
ZAYO GROUP HOL 6.125% 03/01/28 98919VAB1 $324,990.09 0.590 %
ALTICE FRANCE 5.125% 07/15/29 02156LAF8 $321,325.61 0.590 %
PM GENERAL PURCH 9.5% 10/01/28 69356MAA4 $319,664.37 0.580 %
VIBRANTZ TECH INC 9% 02/15/30 69357VAA3 $310,436.10 0.570 %
BROADSTREET PA 5.875% 04/15/29 11135RAA3 $306,182.68 0.560 %
RADIATE HOLDCO / 4.5% 09/15/26 75026JAC4 $303,609.33 0.560 %
LBM ACQUISITION 6.25% 01/15/29 05552BAA4 $305,073.53 0.560 %
TRITON WATER HO 6.25% 04/01/29 89680EAA7 $303,633.59 0.560 %
SCIH SALT HOLD 6.625% 05/01/29 78433BAB4 $305,532.12 0.560 %
SPIRIT AEROSYSTE 4.6% 06/15/28 85205TAK6 $299,675.45 0.550 %
BCPE EMPIRE HO 7.625% 05/01/27 05552VAA0 $293,606.44 0.540 %
MAVIS TIRE EXPRE 6.5% 05/15/29 59155LAA0 $288,080.91 0.530 %
USI INC/NY 7.5% 01/15/32 90346KAB5 $290,380.44 0.530 %
TKC HOLDINGS IN 10.5% 05/15/29 87256YAA1 $287,336.15 0.530 %
GARDA WORLD SECU 9.5% 11/01/27 36257BAA7 $287,115.71 0.530 %
WHITE CAP BUYE 6.875% 10/15/28 96350RAA2 $281,865.07 0.520 %
FRONTIER COMMU 5.875% 11/01/29 35908MAA8 $278,905.98 0.510 %
GRIFOLS SA 4.75% 10/15/28 39843UAA0 $278,475.38 0.510 %
WATCO COS LLC/FI 6.5% 06/15/27 941130AB2 $281,378.62 0.510 %
NABORS INDUSTRI 7.25% 01/15/26 629571AA8 $273,059.92 0.500 %
IHEARTCOMMUNIC 6.375% 05/01/26 45174HBC0 $273,882.41 0.500 %
MPH ACQUISITION 5.75% 11/01/28 553283AC6 $270,750.72 0.500 %
ALTICE FRANCE 8.125% 02/01/27 02156LAA9 $269,036.84 0.490 %
MCLAREN FINANCE 7.5% 08/01/26 58175LAA8 $265,254.66 0.490 %
ALTICE FRANCE SA 5.5% 10/15/29 02156LAH4 $261,745.29 0.480 %
HUGHES SATELLIT 5.25% 08/01/26 444454AD4 $264,449.59 0.480 %
BAFFINLAND IRON 8.75% 07/15/26 056623AA9 $261,088.86 0.480 %
MCGRAW-HILL EDUCAT 8% 08/01/29 57767XAB6 $261,696.68 0.480 %
OSCAR ACQUISITIO 9.5% 04/15/30 687785AB1 $263,179.88 0.480 %
PREMIER ENTERT 5.625% 09/01/29 74052HAA2 $259,360.37 0.470 %
MAXIM CRANE WOR 11.5% 09/01/28 57779EAA6 $250,916.53 0.460 %
ASSUREDPARTNER 5.625% 01/15/29 04624VAB5 $248,875.93 0.460 %
ARDAGH PKG FIN/ 5.25% 08/15/27 03969AAR1 $253,700.72 0.460 %
ARDAGH METAL PACKA 4% 09/01/29 03969YAB4 $249,545.94 0.460 %
LIFEPOINT HEALTH 10% 06/01/32 53219LAX7 $250,416.65 0.460 %
PRESIDIO HOLDIN 8.25% 02/01/28 74101XAF7 $245,957.04 0.450 %
APTIM CORP 7.75% 06/15/25 12595DAA5 $248,163.33 0.450 %
CHOBANI LLC/FI 7.625% 07/01/29 17027NAC6 $240,768.80 0.440 %
DISH DBS CORP 5.25% 12/01/26 25470XBE4 $238,670.04 0.440 %
KRONOS ACQ / KIK 7% 12/31/27 50106GAF9 $243,233.31 0.440 %
DORNOCH DEBT M 6.625% 10/15/29 25830JAA9 $242,630.72 0.440 %
CSC HOLDINGS LLC 7.5% 04/01/28 126307AY3 $237,794.32 0.430 %
MAJORDRIVE HOL 6.375% 06/01/29 56085RAA8 $235,327.45 0.430 %
WASTE PRO USA IN 5.5% 02/15/26 94107JAA1 $234,961.79 0.430 %
SPX FLOW INC 8.75% 04/01/30 758071AA2 $234,499.70 0.430 %
HUB INTERNATIO 5.625% 12/01/29 44332PAG6 $227,966.02 0.420 %
F-BRASILE SPA/ 7.375% 08/15/26 30191BAB7 $228,379.82 0.420 %
SIGMA HOLDCO B 7.875% 05/15/26 82660CAA0 $229,848.80 0.420 %
PREMIER ENTERT 5.875% 09/01/31 74052HAB0 $230,781.33 0.420 %
FXI HOLDINGS I 12.25% 11/15/26 36120RAE9 $227,540.87 0.420 %
DEALER TIRE LLC/DT 8% 02/01/28 24229JAA1 $227,579.37 0.420 %
UNITI GRP/UNITI HL 6% 01/15/30 91327AAB8 $229,790.18 0.420 %
TRANSOCEAN INC 6.8% 03/15/38 893830AT6 $228,214.81 0.420 %
ASSUREDPARTNERS 7.5% 02/15/32 04624VAC3 $230,013.18 0.420 %
REAL HERO MERGE 6.25% 02/01/29 75602BAA7 $229,615.61 0.420 %
ROCKET SOFTWARE 6.5% 02/15/29 77314EAA6 $223,418.85 0.410 %
B&G FOODS INC 5.25% 09/15/27 05508WAB1 $224,192.49 0.410 %
GRAHAM PACKAGI 7.125% 08/15/28 384701AA6 $222,873.73 0.410 %
MODIVCARE INC 5.875% 11/15/25 743815AE2 $224,990.14 0.410 %
DIVERSIFIED HEA 9.75% 06/15/25 25525PAA5 $224,801.78 0.410 %
LD HOLDINGS GROU 6.5% 11/01/25 521088AA2 $220,654.02 0.400 %
OSAIC HOLDINGS 10.75% 08/01/27 00791GAA5 $221,016.33 0.400 %
GUITAR CENTER IN 8.5% 01/15/26 40204BAA3 $217,120.35 0.400 %
HOWDEN UK REFI 8.125% 02/15/32 44287DAA1 $218,535.73 0.400 %
CP ATLAS BUYER INC 7% 12/01/28 12597YAA7 $213,599.25 0.390 %
WOLVERINE WORLD WI 4% 08/15/29 978097AG8 $215,189.96 0.390 %
CMG MEDIA CORP 8.875% 12/15/27 88146LAA1 $213,649.39 0.390 %
EMBARQ CORP 7.995% 06/01/36 29078EAA3 $215,979.31 0.390 %
SRS DISTRIBUTI 6.125% 07/01/29 78471RAC0 $213,128.40 0.390 %
DISH DBS CORP 5.75% 12/01/28 25470XBF1 $207,335.85 0.380 %
CALUMET SPECIALTY 11% 04/15/25 131477AT8 $205,822.06 0.380 %
GTCR AP FINANCE IN 8% 05/15/27 40060QAA3 $206,643.03 0.380 %
LD HOLDINGS GR 6.125% 04/01/28 521088AC8 $205,066.92 0.370 %
GPD COS INC 10.125% 04/01/26 64051NAA1 $204,778.69 0.370 %
ILLUMINATE BUYER/H 9% 07/01/28 45232TAA9 $202,295.93 0.370 %
GARDA WORLD SECURI 6% 06/01/29 36485MAL3 $200,359.76 0.370 %
ARDAGH PKG FIN/ 5.25% 08/15/27 03969AAP5 $203,550.58 0.370 %
ACRISURE LLC / FIN 6% 08/01/29 00489LAH6 $196,843.24 0.360 %
DELUXE CORP 8% 06/01/29 248019AU5 $194,532.32 0.360 %
REALOGY GROUP/C 5.75% 01/15/29 75606DAL5 $197,444.51 0.360 %
WERNER FINCO LP 11.5% 06/15/28 95076PAC7 $194,957.91 0.360 %
TRANSOCEAN INC 8% 02/01/27 893830BL2 $195,174.06 0.360 %
DIVERSIFIED HEA 4.75% 02/15/28 81721MAM1 $196,337.58 0.360 %
TREEHOUSE FOODS IN 4% 09/01/28 89469AAD6 $189,027.78 0.350 %
TUTOR PERINI 11.875% 04/30/29 901109AG3 $190,096.85 0.350 %
IHEARTCOMMUNICA 5.25% 08/15/27 45174HBE6 $189,119.31 0.350 %
LIFEPOINT HEAL 5.375% 01/15/29 53219LAU3 $185,615.29 0.340 %
ACRISURE LLC 10.125% 08/01/26 00489LAD5 $185,291.90 0.340 %
RAYONIER AM PR 7.625% 01/15/26 75508EAB4 $187,402.22 0.340 %
VERICAST CORP 12.5% 12/15/27 92342NAK9 $186,004.82 0.340 %
HUGHES SATELLI 6.625% 08/01/26 444454AF9 $184,861.65 0.340 %
IAMGOLD CORP 5.75% 10/15/28 450913AF5 $179,857.86 0.330 %
BOXER PARENT C 9.125% 03/01/26 103186AC6 $180,397.58 0.330 %
ALLIANT HOLD / 5.875% 11/01/29 01883LAD5 $178,799.42 0.330 %
ARCHES BUYER I 6.125% 12/01/28 039524AB9 $180,147.21 0.330 %
UNITED NATURAL 6.75% 10/15/28 911163AA1 $177,990.06 0.330 %
LEVEL 3 FINANCIN 4.5% 04/01/30 527298CD3 $172,341.44 0.320 %
P&L DEV LLC/PLD 7.75% 11/15/25 69306RAA4 $168,560.44 0.310 %
LABL INC 8.25% 11/01/29 50168QAD7 $169,950.53 0.310 %
TK ELEVATOR HO 7.625% 07/15/28 92537VAA8 $171,953.00 0.310 %
MOTION BONDCO 6.625% 11/15/27 61978XAA5 $171,262.62 0.310 %
GLATFELTER 4.75% 11/15/29 377320AA4 $171,939.38 0.310 %
FULL HOUSE RESO 8.25% 02/15/28 359678AC3 $164,673.20 0.300 %
SINCLAIR TELEVIS 5.5% 03/01/30 829259AY6 $165,434.13 0.300 %
LEVEL 3 FINANC 4.875% 06/15/29 527298CB7 $164,865.36 0.300 %
ARETEC GROUP INC 7.5% 04/01/29 040133AA8 $161,569.24 0.300 %
MODIVCARE ESCROW I 5% 10/01/29 60783XAA2 $165,609.49 0.300 %
NABORS INDUSTRIE 7.5% 01/15/28 629571AB6 $163,999.62 0.300 %
EAGLE INT GLO/EA 7.5% 05/01/25 26963PAA2 $160,116.67 0.290 %
DIVERSIFIED HE 4.375% 03/01/31 25525PAB3 $158,441.94 0.290 %
NEWFOLD DIGITAL HL 6% 02/15/29 29279XAA8 $158,608.41 0.290 %
IRIS HOLDING INC 10% 12/15/28 462914AA0 $153,621.82 0.280 %
TRANSOCEAN INC 7.5% 04/15/31 893830AF6 $155,535.22 0.280 %
SWF ESCROW ISSUE 6.5% 10/01/29 78500AAA6 $155,362.80 0.280 %
FOUNDATION BUILDIN 6% 03/01/29 350392AA4 $152,722.06 0.280 %
AHEAD DB HOLDI 6.625% 05/01/28 00867FAA6 $152,034.90 0.280 %
DISH DBS CORP 7.75% 07/01/26 25470XAY1 $153,377.72 0.280 %
OLYMPUS WTR US 6.25% 10/01/29 681639AB6 $155,144.89 0.280 %
CALUMET SPECIAL 9.75% 07/15/28 131477AW1 $148,190.52 0.270 %
WEST TECHNOLOGY 8.5% 04/10/27 956187AA6 $148,988.47 0.270 %
LSF11 A5 HOLDC 6.625% 10/15/29 50221DAA7 $141,262.88 0.260 %
HRT DNT / HRT DN 8.5% 05/01/26 42239PAA7 $139,836.71 0.260 %
ALLEN MEDIA LLC 10.5% 02/15/28 01771YAA8 $139,710.54 0.260 %
PARK-OHIO INDU 6.625% 04/15/27 700677AR8 $144,910.47 0.260 %
JONES DESLAURIE 10.5% 12/15/30 48020RAA3 $141,102.67 0.260 %
CABLEVISION LI 5.625% 09/15/28 12687GAB5 $138,907.87 0.250 %
REALOGY GROUP/C 5.25% 04/15/30 75606DAQ4 $134,621.88 0.250 %
COBRA ACQUISIT 6.375% 11/01/29 19106CAA4 $138,795.76 0.250 %
CARROLS RESTAU 5.875% 07/01/29 14574XAF1 $136,605.25 0.250 %
ARMOR HOLDCO INC 8.5% 11/15/29 04625PAA9 $137,805.62 0.250 %
ALTICE FRANCE SA 5.5% 01/15/28 02156LAC5 $135,250.11 0.250 %
VIRTUSA CORP 7.125% 12/15/28 92837TAA0 $135,526.55 0.250 %
ACPRODUCTS HOL 6.375% 05/15/29 92641PAA4 $138,944.54 0.250 %
GPS HOSPITALITY HO 7% 08/15/28 36262BAA0 $133,294.88 0.240 %
OFFICE PPTY INCOME 9% 03/31/29 67623CAG4 $130,708.97 0.240 %
STONEMOR INC 8.5% 05/15/29 86184WAA4 $133,407.34 0.240 %
IHEARTCOMMUNIC 8.375% 05/01/27 45174HBD8 $130,569.19 0.240 %
TRANSMONTAIGE 6.125% 02/15/26 89376VAA8 $133,717.99 0.240 %
CALUMET SPECIA 8.125% 01/15/27 131477AV3 $127,471.97 0.230 %
PARK RIVER HOL 5.625% 02/01/29 70082LAA5 $127,057.97 0.230 %
LEVEL 3 FINANCI 3.75% 07/15/29 527298BT9 $126,408.33 0.230 %
FINANCE OF AME 7.875% 11/15/25 317386AA8 $122,981.65 0.220 %
AHP HEALTH PART 5.75% 07/15/29 00150LAB7 $118,512.44 0.220 %
GREAT LAKES DRE 5.25% 06/01/29 390607AF6 $122,203.79 0.220 %
COEUR MINING I 5.125% 02/15/29 192108BC1 $119,274.47 0.220 %
HIGHTOWER HOLDI 6.75% 04/15/29 43118DAA8 $119,145.52 0.220 %
IHEARTCOMMUNICA 4.75% 01/15/28 45174HBG1 $121,642.98 0.220 %
CARRIAGE PURCH 7.875% 10/15/29 14445LAA5 $115,154.69 0.210 %
SPIRIT LOYALTY KY 8% 09/20/25 84859BAA9 $114,668.47 0.210 %
EMERGENT BIOSO 3.875% 08/15/28 29089QAC9 $116,532.71 0.210 %
CORNERSTONE BU 6.125% 01/15/29 21925DAA7 $113,586.96 0.210 %
INNOVATE CORP 8.5% 02/01/26 404139AJ6 $113,602.22 0.210 %
LIBERTY INTERAC 8.25% 02/01/30 530715AJ0 $111,749.14 0.200 %
BAUSCH HEALTH COS 14% 10/15/30 071734AR8 $110,167.78 0.200 %
WORLD ACCEPTANCE C 7% 11/01/26 981419AC8 $109,878.19 0.200 %
LEVEL 3 FINANC 3.875% 10/15/30 527298CF8 $109,250.27 0.200 %
LEVEL 3 FINANCING 4% 04/15/31 527298CH4 $107,355.56 0.200 %
PARK RIVER HOLD 6.75% 08/01/29 70082LAB3 $109,136.78 0.200 %
TELESAT CANADA 5.625% 12/06/26 87952VAR7 $105,511.51 0.190 %
INNOPHOS HOLDI 9.375% 02/15/28 45774NAB4 $102,599.65 0.190 %
GLOBAL MARINE INC 7% 06/01/28 379352AL1 $106,587.96 0.190 %
SINCLAIR TELEV 5.125% 02/15/27 829259AW0 $104,838.48 0.190 %
NINE ENERGY SERVI 13% 02/01/28 65441VAE1 $105,447.40 0.190 %
TRANSOCEAN INC 8.5% 05/15/31 893830BZ1 $101,210.19 0.190 %
GOTO GROUP INC 5.5% 05/01/28 38349YAB1 $90,588.41 0.170 %
LEVEL 3 FINANC 4.625% 09/15/27 527298BN2 $95,273.53 0.170 %
NORTHWEST FIBE 10.75% 06/01/28 667449AA0 $91,816.41 0.170 %
UNIFRAX ESCROW I 7.5% 09/30/29 90473LAC6 $88,990.18 0.160 %
LEVEL 3 FINANCI 4.25% 07/01/28 527298BR3 $87,584.38 0.160 %
WW INTERNATIONAL 4.5% 04/15/29 98262PAA9 $89,331.83 0.160 %
B&G FOODS INC 5.25% 04/01/25 05508RAE6 $79,632.77 0.150 %
TELESAT CANADA 4.875% 06/01/27 87952VAP1 $82,584.21 0.150 %
SIGNAL PARENT 6.125% 04/01/29 82666QAA3 $83,331.26 0.150 %
BEASLEY MEZ HL 8.625% 02/01/26 07403VAA7 $74,803.84 0.140 %
CUMULUS MEDIA NEW 8% 07/01/29 23110AAB2 $77,762.50 0.140 %
TRINSEO OP / T 5.125% 04/01/29 89668QAF5 $79,095.53 0.140 %
OFFICE PPTY INC 2.65% 06/15/26 67623CAD1 $77,274.81 0.140 %
SPIRIT LOYALTY KY 8% 09/20/25 84859BAB7 $76,445.64 0.140 %
OT MERGER CORP 7.875% 10/15/29 688777AA9 $71,397.31 0.130 %
OFFICE PPTY INCO 2.4% 02/01/27 67623CAE9 $69,347.88 0.130 %
DISH DBS CORP 5.125% 06/01/29 25470XBD6 $71,800.90 0.130 %
OFFICE PPTY INC 3.45% 10/15/31 67623CAF6 $71,365.23 0.130 %
CSC HOLDINGS LLC 5% 11/15/31 126307BK2 $66,664.15 0.120 %
ALTICE FRANCE 5.125% 01/15/29 02156LAE1 $64,419.90 0.120 %
LIBERTY INTERACT 8.5% 07/15/29 530715AD3 $63,756.79 0.120 %
ORIFLAME INVES 5.125% 05/04/26 68621CAA7 $64,875.72 0.120 %
CASTLE US HOLDIN 9.5% 02/15/28 14852LAA1 $63,567.02 0.120 %
RACKSPACE FINANC 3.5% 05/15/28 75008WAA1 $60,472.92 0.110 %
AT HOME GROUP 4.875% 07/15/28 04650YAA8 $62,791.67 0.110 %
LEVEL 3 FINANC 3.625% 01/15/29 527298BS1 $58,804.65 0.110 %
DISH DBS CORP 7.375% 07/01/28 25470XBB0 $54,980.37 0.100 %
LUMEN TECHNOLOGI 4.5% 01/15/29 156700BD7 $56,068.69 0.100 %
LUMEN TECHNOLOGI 7.6% 09/15/39 156700AM8 $53,770.33 0.100 %
LUMEN TECHNOLOG 7.65% 03/15/42 156700AT3 $41,366.94 0.080 %
POLAR US BORROW 6.75% 05/15/26 73103PAA5 $37,570.50 0.070 %
99 CENTS ONLY ST 7.5% 01/15/26 65442QAA9 $35,400.00 0.060 %
UNIVERSAL ENTERT S/UP 12/11/24 91349WAB4 $27,989.38 0.050 %
WEWORK INC-CL A 96209A401 $147.29 0.000 %
As of 05/22/2024 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)
May 1, 2024 May 2, 2024 May 7, 2024 0.38264
Apr 1, 2024 Apr 2, 2024 Apr 5, 2024 0.34761
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/