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XEMD

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Net asset value

$41.32

EXPENSE RATIO

0.29%

Yield to Maturity

7.01%

30-Day Sec Yield

7.11%
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

The BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated emerging market bonds with an average life of below 10 years.

Regional Breakdown %

Fund Details

Product Name BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF
Ticker XEMD
CUSIP 09789C879
Asset Class Fixed Income
Fund Inception Date 6/30/2022
Exchange Cboe BZX U.S. Equities Exchange
Distribution Frequency Monthly
Fund Net Assets $212,817,827
Shares Outstanding 5,150,000
Median Spread 0.19%
Premium Discount Ratio -0.18%
Closing Price as of 05/22/2024 $41.36

Fees

Management Fee 0.29%
Acquired Fund Fees and Expenses 0.00%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 0.29%

Portfolio Characteristics

Number of Securities 404
Number of Countries 53
Average Coupon 5.25%
Average Maturity 5.25 Years
* 30-Day SEC Yield is as of 04/30/2024
Yield to Maturity 7.01%
Yield to Worst 7.01%
Spread to Worst 261
Spread Duration 3.95
30-Day SEC Yield* 7.11%

Portfolio Breakdown

Sovereign 85.1%
Quasi-Sovereign 14.6%
Cash and Equivalents 0.2%
Due to rounding, these values may exceed 100%

Index Details

Provider Name J.P. Morgan
Index J.P. Morgan EMBI Global Diversified Liquid 1-10 Year Maturity Index
Index Ticker JPEI110L
Index Market Cap $541.600B

Maturity Breakdown %

Credit Rating Breakdown %

J.P. Morgan composite credit quality ratings are based on the middle rating of Moody’s, S&P and Fitch. When a rating from only two agencies is available, the lower is used; when a rating from only one agency is available, that rating is used. Securities designated as “C” by J.P. Morgan represent securities rated CCC or lower. Unrated securities do not necessarily indicate low quality. Ratings and portfolio credit quality may change over time.

Holdings

Name Weight
Saudi Arabia 6.39 %
Turkey 5.99 %
Mexico 4.15 %
United Arab Emirates 3.91 %
Oman 3.88 %
Brazil 3.79 %
Indonesia 3.77 %
China 3.51 %
Bahrain 3.46 %
Romania 3.16 %
Name CUSIP Market Value % of Net Assets
KUWAIT INTL BOND 3.5% 03/20/27 M6417JAA6 $2,566,856.25 1.210 %
REPUBLIC OF ARGE S/UP 07/09/30 040114HS2 $2,460,026.04 1.160 %
REPUBLIC OF ECUA S/UP 07/31/35 P8054QBC6 $2,340,463.89 1.100 %
REPUBLIC OF ARGE S/UP 07/09/35 040114HT0 $2,192,815.63 1.030 %
REPUBLIC OF KA 5.125% 07/21/25 Y7276LDE5 $1,482,433.68 0.700 %
REPUBLIC OF ECUA S/UP 07/31/30 P8054QBA0 $1,435,170.83 0.670 %
REPUBLIC OF ARGE S/UP 01/09/38 040114HU7 $1,410,326.39 0.660 %
REPUBLIC OF PO 4.875% 10/04/33 731011AV4 $1,373,393.58 0.650 %
REPUBLIC OF PE 2.783% 01/23/31 715638DF6 $1,331,103.83 0.630 %
REPUBLICA ORIEN 5.75% 10/28/34 760942BE1 $1,252,791.67 0.590 %
DOMINICAN REPU 4.875% 09/23/32 P3579ECH8 $1,229,343.75 0.580 %
REPUBLICA ORIE 4.375% 01/23/31 917288BK7 $1,218,739.17 0.570 %
HUNGARY 6.25% 09/22/32 X93622GM8 $1,203,147.57 0.570 %
FED REPUBLIC OF 4.25% 01/07/25 105756BV1 $1,207,866.67 0.570 %
REPUBLC OF PERU 8.75%11/21/33 715638AP7 $1,182,052.09 0.560 %
ROMANIA 6.375% 01/30/34 X7360WCT7 $1,185,590.11 0.560 %
SOUTHERN GAS C 6.875% 03/24/26 Y8T6JPAA4 $1,174,457.47 0.550 %
PETRONAS CAPITAL 3.5% 04/21/30 Y68856AT3 $1,148,301.39 0.540 %
STATE OF QATAR 3.25% 06/02/26 M8489SAD9 $1,130,737.51 0.530 %
HUNGARY 6.125% 05/22/28 X93622GK2 $1,123,905.90 0.530 %
ROMANIA 5.875% 01/30/29 X7360WCU4 $1,119,253.82 0.530 %
OMAN GOV INTER 5.625% 01/17/28 M75242BJ1 $1,097,843.75 0.520 %
OMAN GOV INTERN 4.75% 06/15/26 M75242AW3 $1,080,949.82 0.510 %
HUNGARY 5.25% 06/16/29 X93622GH9 $1,057,306.25 0.500 %
STATE OF QATAR 4% 03/14/29 M8489SAL1 $1,024,253.13 0.480 %
REPUBLIC OF SO 5.875% 09/16/25 836205AR5 $1,028,602.71 0.480 %
ARAB REPUBLIC OF 7.5% 01/31/27 M1487WBR5 $1,031,513.02 0.480 %
FED REPUBLIC O 3.875% 06/12/30 105756CC2 $974,304.60 0.460 %
ROMANIA 7.125% 01/17/33 X7360WCQ3 $987,577.51 0.460 %
FED REPUBLIC O 4.625% 01/13/28 105756BZ2 $984,701.39 0.460 %
REPUBLIC OF ANGOLA 8% 11/26/29 V5S1ASAB6 $975,187.50 0.460 %
REPUBLIC OF POL 3.25% 04/06/26 731011AU6 $974,753.06 0.460 %
PETROLEOS MEXICA 6.7% 02/16/32 71643VAB1 $984,266.98 0.460 %
DOMINICAN REPUBLIC 6% 02/22/33 P3579ECN5 $965,412.50 0.450 %
OMAN GOV INTERNTL 6% 08/01/29 M75242BK8 $959,899.48 0.450 %
PETRONAS CAPITAL 3.5% 03/18/25 Y68856AN6 $964,791.21 0.450 %
REPUBLIC OF ANG 8.75% 04/14/32 V5S1ASAE0 $929,791.67 0.440 %
COSTA RICA GOVE 6.55% 04/03/34 P3699PGM3 $932,375.00 0.440 %
BANK GOSPODARS 5.375% 05/22/33 X0645ACD2 $940,344.97 0.440 %
ARAB REPUBLIC OF 7.6% 03/01/29 M1487WCY9 $925,152.44 0.430 %
SAUDI INTERNATI 3.25% 10/26/26 M6320UAD1 $915,206.26 0.430 %
REPUBLIC OF PO 4.625% 03/18/29 731011AX0 $921,041.64 0.430 %
REPUBLIC OF POLA 5.5% 11/16/27 857524AD4 $922,013.50 0.430 %
HUNGARY 2.125% 09/22/31 X93622FZ0 $918,390.80 0.430 %
KINGDOM OF BAHRAIN 7% 10/12/28 M87012AC0 $887,323.27 0.420 %
REPUBLIC OF ANG 8.25% 05/09/28 V21735AC5 $896,587.50 0.420 %
REPUBLIC OF SOUT 4.3% 10/12/28 836205AU8 $885,288.32 0.420 %
ROMANIA 6.625% 02/17/28 X7360WCN0 $889,719.80 0.420 %
DOMINICAN REPUBL 4.5% 01/30/30 P3579ECF2 $883,262.50 0.420 %
REP OF PHIL 9.50% 2/2/30 718286AY3 $874,023.62 0.410 %
REPUBLIC OF SOU 4.85% 09/30/29 836205BA1 $873,658.26 0.410 %
REPUBLIC OF PERU 3% 01/15/34 715638DU3 $860,715.63 0.400 %
OMAN SOVEREIGN 5.932% 10/31/25 M7S2D9AB9 $857,471.41 0.400 %
SAUDI INTERNAT 3.625% 03/04/28 M6320UAG4 $842,585.50 0.400 %
STATE OF QATAR 4.5% 04/23/28 M8489SAH0 $844,421.88 0.400 %
OMAN GOV INTERN 6.75% 10/28/27 M75242BN2 $859,289.07 0.400 %
REPUBLIC OF POL 5.75% 11/16/32 857524AE2 $858,526.40 0.400 %
REPUBLIC OF NI 7.375% 09/28/33 V342A3CE2 $853,767.36 0.400 %
REPUBLICA ORIE 4.375% 10/27/27 760942BB7 $820,903.65 0.390 %
ARAB REPUBLIC 7.625% 05/29/32 M1487WDG7 $835,371.35 0.390 %
REPUBLIC OF KEN 9.75% 02/16/31 V7179SCY8 $830,016.67 0.390 %
REPUBLIC OF TU 9.875% 01/15/28 900123DF4 $825,674.31 0.390 %
ISLAMIC REP OF 6.875% 12/05/27 Y2835JAE8 $807,643.23 0.380 %
REPUBLIC OF TURKIY 6% 03/25/27 900123CL2 $802,233.33 0.380 %
OMAN SOVEREIGN 4.875% 06/15/30 M7S2D9AF0 $795,616.67 0.370 %
REPUBLIC OF SRI 7.55% 03/28/30 Y8137FAR9 $796,640.63 0.370 %
GOVERNMENT OF J 6.75% 04/28/28 470160CA8 $779,065.62 0.370 %
DOMINICAN REPUB 5.95% 01/25/27 P3579EBV8 $788,903.71 0.370 %
FED REPUBLIC OF BR 6% 10/20/33 105756CF5 $781,200.00 0.370 %
REPUBLIC OF NIGE 6.5% 11/28/27 V342A3BX1 $794,218.75 0.370 %
OMAN GOV INTERN 6.25% 01/25/31 M75242BQ5 $792,083.33 0.370 %
SAUDI INTERNATIONA 4% 04/17/25 M6320UAH2 $794,200.00 0.370 %
FED REPUBLIC OF BR 6% 04/07/26 105756BX7 $761,000.00 0.360 %
HUNGARIAN DEVELO 6.5% 06/29/28 X5S5VDBM0 $757,217.19 0.360 %
STATE OF QATAR 3.75% 04/16/30 M8489SAP2 $761,833.33 0.360 %
ABU DHABI GOVT 3.125% 10/11/27 M0153CAB0 $758,816.67 0.360 %
REPUBLIC OF NI 7.875% 02/16/32 V342A3BV5 $770,285.94 0.360 %
KSA SUKUK LTD 3.628% 04/20/27 G5321UAC1 $774,660.53 0.360 %
SAUDI INTERNATIONA 5% 01/16/34 M6320UCG2 $776,076.39 0.360 %
EXPORT-IMPORT BK 5.5% 01/18/33 30216KAG7 $769,010.42 0.360 %
QATAR ENERGY 2.25% 07/12/31 M8180AAD0 $760,275.00 0.360 %
KINGDOM OF MORO 5.95% 03/08/28 V5311VAL4 $745,208.34 0.350 %
EGYPT TASKEEK 10.875% 02/28/26 M3383SAD7 $754,286.46 0.350 %
FED REPUBLIC OF 4.5% 05/30/29 105756CA6 $745,646.88 0.350 %
ISLAMIC REP OF PAK 6% 04/08/26 Y2835JAH1 $720,750.00 0.340 %
REPUBLIC OF COLOMB 8% 04/20/33 195325EF8 $733,133.33 0.340 %
FED REPUBLIC O 6.125% 03/15/34 105756CH1 $720,936.98 0.340 %
KINGDOM OF MOROC 6.5% 09/08/33 V5311VAK6 $730,479.17 0.340 %
REPUBLIC OF COLO 7.5% 02/02/34 195325EG6 $717,937.50 0.340 %
DOMINICAN REPU 6.875% 01/29/26 P3579EBK2 $725,302.08 0.340 %
OMAN GOV INTER 7.375% 10/28/32 M75242BM4 $726,453.99 0.340 %
REPUBLIC OF SO 5.875% 06/22/30 836205AY0 $704,440.71 0.330 %
REPUBLIC OF CO 3.125% 04/15/31 195325DS1 $702,069.27 0.330 %
OMAN GOV INTER 5.375% 03/08/27 M75242BB8 $703,244.79 0.330 %
IVORY COAST 6.125% 06/15/33 V73789AW5 $694,927.09 0.330 %
ROMANIA 3% 02/27/27 X7360WCB6 $703,812.50 0.330 %
DOMINICAN REPUBL 5.5% 01/27/25 P3579EBD8 $710,874.31 0.330 %
SAUDI INTERNATI 4.75% 01/16/30 M6320UCH0 $700,792.36 0.330 %
REPUBLIC OF TU 9.375% 01/19/33 900123DG2 $692,312.50 0.330 %
REPUBLIC OF PHI 7.75% 01/14/31 718286BB2 $704,037.50 0.330 %
REPUBLIC OF NI 8.375% 03/24/29 V342A3CG7 $704,818.32 0.330 %
ISLAMIC REP OF 7.375% 04/08/31 Y2835JAK4 $698,285.16 0.330 %
SAUDI INTERNAT 4.875% 07/18/33 M6320UCB3 $675,246.09 0.320 %
REPUBLIC OF NI 7.143% 02/23/30 V342A3BZ6 $680,658.76 0.320 %
REPUBLIC OF COLO 4.5% 03/15/29 195325DP7 $690,375.00 0.320 %
REPUBLIC OF TU 7.375% 02/05/25 900123AW0 $670,881.25 0.320 %
STATE OF QATAR 9.75% 06/15/30 M81805AD1 $683,965.63 0.320 %
DOMINICAN REPUBL 5.5% 02/22/29 P3579ECP0 $688,513.19 0.320 %
MAGYAR EXPORT- 6.125% 12/04/27 X5S8QYBF9 $673,158.51 0.320 %
COSTA RICA GOV 6.125% 02/19/31 P3699PGK7 $671,206.44 0.320 %
HAZINE MUSTESAR 7.25% 02/24/27 M5258TAC4 $676,478.48 0.320 %
REPUBLIC OF PA 2.252% 09/29/32 698299BN3 $688,124.52 0.320 %
REPUBLIC OF KENYA 8% 05/22/32 V50249AD9 $649,186.81 0.310 %
DOMINICAN REPUBLIC 6% 07/19/28 P3579ECB1 $661,605.21 0.310 %
KINGDOM OF JORD 5.85% 07/07/30 M5269UAL8 $666,470.00 0.310 %
ROMANIA 3% 02/14/31 X7360WBP6 $660,416.25 0.310 %
REPUBLIC OF NI 7.625% 11/21/25 V342A3CA0 $652,915.98 0.310 %
MALAYSIA SUKUK 3.179% 04/27/26 Y54788AA5 $629,757.99 0.300 %
SAUDI INTERNAT 4.375% 04/16/29 M6320UAT6 $637,688.37 0.300 %
REPUBLIC OF TU 7.625% 04/26/29 900123CT5 $645,638.16 0.300 %
PETROLEOS MEXICA 6.5% 03/13/27 71654QCG5 $630,915.28 0.300 %
ARAB REPUBLIC 5.875% 06/11/25 M1487WBP9 $633,125.00 0.300 %
KINGDOM OF BAHR 6.75% 09/20/29 M87012AE6 $617,962.50 0.290 %
REPUBLIC OF PHILIP 3% 02/01/28 718286CC9 $611,948.57 0.290 %
UNITED MEXICAN S 4.5% 04/22/29 91087BAF7 $627,331.25 0.290 %
CBB INTL SUKUK 3.875% 05/18/29 M2120GAG6 $618,410.16 0.290 %
REPUBLIC OF PHI 3.75% 01/14/29 718286CG0 $622,984.38 0.290 %
KINGDOM OF JORDA 7.5% 01/13/29 M5269UAP9 $622,250.00 0.290 %
REPUBLIC OF CO 3.875% 04/25/27 195325DL6 $590,008.68 0.280 %
KINGDOM OF JOR 6.125% 01/29/26 M5269UAG9 $605,637.50 0.280 %
ABU DHABI GOVT I 2.5% 04/16/25 M0152WAH4 $586,916.67 0.280 %
ROMANIA 5.25% 11/25/27 X7360WCH3 $589,875.00 0.280 %
TRINIDAD & TOBAG 4.5% 08/04/26 P93960AG0 $590,737.50 0.280 %
REPUBLIC OF SO 4.875% 04/14/26 836205AT1 $588,918.75 0.280 %
FED REPUBLIC O 2.875% 06/06/25 105756CD0 $590,602.08 0.280 %
KINGDOM OF JORD 5.75% 01/31/27 M5269UAH7 $595,454.17 0.280 %
REPUBLIC OF SE 2.125% 12/01/30 X77765CB3 $567,325.69 0.270 %
REPUBLIC OF KEN 7.25% 02/28/28 V50249AB3 $580,083.33 0.270 %
FED REPUBLIC OF 6.25% 03/18/31 105756CG3 $582,351.22 0.270 %
REPUBLIC OF TUR 5.25% 03/13/30 900123CY4 $578,841.15 0.270 %
CBB INTL SUKUK PRO 6% 02/12/31 M2120GAL5 $566,477.08 0.270 %
REPUBLIC OF COL 3.25% 04/22/32 195325DZ5 $577,723.96 0.270 %
REPUBLIC OF SO 5.875% 04/20/32 836205BC7 $579,147.14 0.270 %
KSA SUKUK LTD 4.274% 05/22/29 G5321UAL1 $584,696.23 0.270 %
ROMANIA 3.625% 03/27/32 X7360WCA8 $565,340.42 0.270 %
ABU DHABI GOVT 3.125% 04/16/30 M0152WAK7 $572,905.82 0.270 %
STATE GRID OVERS 3.5% 05/04/27 G8450LAJ3 $576,514.33 0.270 %
PETRONAS CAPITA 2.48% 01/28/32 Y6886MAE0 $566,903.63 0.270 %
REPUBLIC OF TUR 5.95% 01/15/31 900123DA5 $571,818.33 0.270 %
REPUBLIC OF AZER 3.5% 09/01/32 Y7177RAD7 $560,931.94 0.260 %
EXPORT-IMPORT B 3.25% 01/15/30 30216KAE2 $545,058.33 0.260 %
TRANSNET SOC LT 8.25% 02/06/28 S8755VFQ9 $561,080.21 0.260 %
ESKOM HOLDINGS 7.125% 02/11/25 S25221AL6 $561,618.76 0.260 %
REPUBLIC OF SERB 6.5% 09/26/33 X77765CU1 $563,222.92 0.260 %
TUNISIAN REPUBL 5.75% 01/30/25 V06423AM5 $558,640.45 0.260 %
REPUBLIC OF COLO 4.5% 01/28/26 195325CX1 $546,081.25 0.260 %
ARAB REPUBLIC 6.588% 02/21/28 M1487WCN3 $545,329.14 0.260 %
KINGDOM OF BAHRAIN 7% 01/26/26 M87012AA4 $544,654.69 0.260 %
EXPORT-IMPORT 3.375% 08/05/26 30216KAA0 $556,204.69 0.260 %
REPUBLIC OF PHILIP 5% 07/17/33 718286CW5 $533,279.91 0.250 %
PAKISTAN GLOBAL 7.95% 01/31/29 Y2835JAL2 $536,700.21 0.250 %
REPUBLIC OF CHI 2.55% 07/27/33 168863DT2 $532,653.33 0.250 %
ABU DHABI GOVT I 2.5% 09/30/29 M0152WAE1 $537,895.83 0.250 %
REPUBLIC OF PAR 4.95% 04/28/31 P75744AJ4 $527,656.26 0.250 %
REPUBLIC OF ZAM 8.97% 07/30/27 V7179UAF6 $536,156.25 0.250 %
MALAYSIA SOVER 3.043% 04/22/25 Y5749LAA9 $540,785.89 0.250 %
REPUBLIC OF SEN 6.25% 05/23/33 V7691DAX4 $535,546.88 0.250 %
REPUBLIC OF SRI 6.2% 05/11/27 Y8137FAH1 $529,593.75 0.250 %
REPUBLIC OF SRI 6.85% 11/03/25 Y8137FAE8 $530,156.25 0.250 %
IVORY COAST 7.625% 01/30/33 V73789BL8 $531,962.30 0.250 %
PETROLEOS MEXIC 5.95% 01/28/31 71654QDE9 $530,629.34 0.250 %
REPUBLIC OF NI 6.125% 09/28/28 V342A3CF9 $542,427.08 0.250 %
REPUBLIC OF TU 4.875% 10/09/26 900123CK4 $536,777.08 0.250 %
ARAB REPUBLIC 5.875% 02/16/31 M1487WDK8 $517,120.22 0.240 %
CBB INTL SUKUK 6.25% 10/18/30 M2120GAK7 $514,756.94 0.240 %
REPUBLIC OF P 10.625% 03/16/25 718286AP2 $504,699.05 0.240 %
REPUBLIC OF TU 9.375% 03/14/29 900123DH0 $500,695.32 0.240 %
BANK GOSPODARST 6.25% 10/31/28 X0645ACG5 $518,246.53 0.240 %
REPUBLIC OF CHI 4.85% 01/22/29 168863EB0 $502,369.44 0.240 %
REPUBLIC OF TU 6.375% 10/14/25 900123CZ1 $505,015.63 0.240 %
STATE OF QATAR 3.4% 04/16/25 M8489SAM9 $518,512.91 0.240 %
REPUBLIC OF EL 9.25% 04/17/30 P01012CF1 $514,538.75 0.240 %
CNAC HK FINBRI 5.125% 03/14/28 Y1670YAL9 $501,473.96 0.240 %
SAUDI INTERNATI 4.75% 01/18/28 M6320UBZ1 $480,310.76 0.230 %
REPUBLIC OF TU 6.125% 10/24/28 900123CQ1 $492,368.16 0.230 %
KINGDOM OF MOROCCO 3% 12/15/32 V5311VAJ9 $494,087.50 0.230 %
CASH CASH $486,996.59 0.230 %
PERUSAHAAN PENER 4.7% 06/06/32 71567RAV8 $498,088.89 0.230 %
BAPCO ENERGIES B 7.5% 10/25/27 67778NAA6 $488,458.33 0.230 %
KINGDOM OF BAH 7.375% 05/14/30 M63633BX4 $499,180.47 0.230 %
CBB INTERNATIO 6.875% 10/05/25 M2120JAA3 $486,330.73 0.230 %
SAUDI INTERNATIO 4.5% 04/17/30 M6320UAK5 $489,125.00 0.230 %
HAZINE MUSTESA 8.509% 01/14/29 M53008AC8 $471,345.31 0.220 %
REPUBLIC OF IN 4.125% 01/15/25 Y20721BG3 $478,701.05 0.220 %
EXPORT-IMPORT 3.875% 02/01/28 30216KAC6 $457,570.14 0.220 %
CHINA GOVT INTL 0.55% 10/21/25 Y15025AB8 $469,871.94 0.220 %
HAZINE MUSTESA 5.125% 06/22/26 M5258TAB6 $475,117.10 0.220 %
REPUBLIC OF ZAMB 8.5% 04/14/24 V7179UAE9 $459,502.02 0.220 %
KINGDOM OF BAHR 5.45% 09/16/32 M63633BZ9 $468,509.03 0.220 %
REPUBLIC OF PA 3.875% 03/17/28 698299BF0 $464,020.83 0.220 %
HAZINE MUSTESA 9.758% 11/13/25 M5258TAD2 $474,844.75 0.220 %
CBB INTL SUKUK P 4.5% 03/30/27 M2120LAA8 $463,896.88 0.220 %
REPUBLIC OF TU 9.125% 07/13/30 900123DJ6 $450,180.56 0.210 %
REPUBLIC OF TUR 4.75% 01/26/26 900123DB3 $447,665.63 0.210 %
KSA SUKUK LTD 4.303% 01/19/29 G5321UAE7 $445,560.28 0.210 %
UNITED MEXICAN 2.659% 05/24/31 91087BAM2 $436,734.38 0.210 %
KINGDOM OF BAH 5.625% 09/30/31 M63633BW6 $454,292.97 0.210 %
REPUBLIC OF TURK 8.6% 09/24/27 M88269US8 $457,021.39 0.210 %
ESKOM HOLDINGS 6.35% 08/10/28 S25221AV4 $445,238.13 0.210 %
CHINA GOVT INTL 1.2% 10/21/30 Y15025AC6 $452,532.67 0.210 %
GACI FIRST INVE 5.25% 01/29/34 G3705QAJ6 $450,590.63 0.210 %
POWER SECTOR AS 7.39% 12/02/24 Y7083VAD1 $444,168.56 0.210 %
REPUBLIC OF PAN 3.16% 01/23/30 698299BK9 $448,170.63 0.210 %
REPUBLIC OF TU 5.125% 02/17/28 900123CP3 $425,113.33 0.200 %
EXPORT-IMPORT B 2.25% 01/13/31 30216KAF9 $416,272.50 0.200 %
REPUBLIC OF SOU 4.85% 09/27/27 836205AW4 $434,551.25 0.200 %
ABU DHABI GOVT 3.125% 05/03/26 M0153CAE4 $434,890.63 0.200 %
REPUBLIC OF IRAQ 5.8% 01/15/28 M82152AA3 $428,338.63 0.200 %
REPUBLIC OF SRI 6.75% 04/18/28 Y8137FAL2 $426,723.76 0.200 %
REPUBLIC OF CHI 3.24% 02/06/28 168863CF3 $426,349.13 0.200 %
REPUBLIC OF T 11.875% 01/15/30 900123AL4 $422,105.03 0.200 %
ARAB REPUBLIC OF 5.8% 09/30/27 M1487WDM4 $418,967.50 0.200 %
UAE INT'L GOVT 4.05% 07/07/32 M9402MAH5 $435,369.38 0.200 %
REPUBLIC OF TUR 4.25% 03/13/25 900123CX6 $422,934.03 0.200 %
REPUBLIC OF SRI 5.75% 04/18/23 Y8137FAK4 $419,593.75 0.200 %
SINOPEC GRP DEV 1.45% 01/08/26 G82016AR0 $426,718.13 0.200 %
UNITED MEXICAN S 3.5% 02/12/34 91087BAR1 $416,409.72 0.200 %
REPUBLIC OF COLOMB 3% 01/30/30 195325DR3 $414,208.33 0.190 %
EDO SUKUK LTD 5.875% 09/21/33 G4000DAA4 $410,047.22 0.190 %
REPUBLIC OF GH 10.75% 10/14/30 V71795AJ3 $414,987.50 0.190 %
BANCO NACIONAL D 2.5% 08/11/30 P1559LAA7 $410,101.56 0.190 %
FED REPUBLIC OF 3.75% 09/12/31 105756CE8 $412,013.02 0.190 %
UKRAINE GOVERN 7.375% 09/25/34 X5S005ZQ7 $412,000.00 0.190 %
PETROLEOS MEXI 6.875% 08/04/26 71654QCB6 $401,602.39 0.190 %
SUCI SECOND INVEST 6% 10/25/28 G85444AB6 $414,366.67 0.190 %
REPUBLIC OF KENY 6.3% 01/23/34 V50249AE7 $412,531.25 0.190 %
REPUBLIC OF CHI 2.75% 01/31/27 168863DX3 $403,035.77 0.190 %
REPUBLIC OF PAN 3.75% 03/16/25 698299BE3 $397,041.67 0.190 %
UNITED MEXICAN 4.75% 04/27/32 91087BAK6 $375,972.22 0.180 %
REPUBLIC OF GH 6.375% 02/11/27 V71795AU8 $393,312.50 0.180 %
REPUBLIC OF PE 1.862% 12/01/32 715638DP4 $381,166.86 0.180 %
FEDERAL REP OF 6.625% 12/11/24 V6745WAA0 $392,046.88 0.180 %
ARAB REPUBLIC OF 7.3% 09/30/33 M1487WDP7 $379,742.50 0.180 %
REPUBLIC OF NI 8.747% 01/21/31 V342A3CC6 $392,232.04 0.180 %
KSA SUKUK LTD 4.511% 05/22/33 G5321UAK3 $387,300.12 0.180 %
REPUBLIC OF PHIL 5.5% 03/30/26 718286BN6 $380,263.02 0.180 %
CBB INTL SUKUK 3.95% 09/16/27 M2120LAB6 $382,815.56 0.180 %
UNITED MEXICAN 4.15% 03/28/27 91087BAC4 $390,036.11 0.180 %
PETROLEOS DEL P 4.75% 06/19/32 P7808BAA5 $383,909.72 0.180 %
REPUBLIC OF CHI 2.55% 01/27/32 168863DN5 $360,492.08 0.170 %
REPUBLIC OF PH 1.648% 06/10/31 718286CK1 $363,076.55 0.170 %
ABU DHABI GOVT 1.625% 06/02/28 M0152WAP6 $356,837.50 0.170 %
CHINA LIFE INSU O V/R 08/15/33 Y1R02PAB0 $357,164.11 0.170 %
QATAR ENERGY 1.375% 09/12/26 M8180AAC2 $369,334.72 0.170 %
SAUDI INTERNATI 2.25% 02/02/33 M6320UBD0 $364,809.38 0.170 %
ABU DHABI GOVT 4.875% 04/30/29 M0152WAS0 $351,855.73 0.170 %
KINGDOM OF BAHR 5.25% 01/25/33 M63633CC9 $368,133.33 0.170 %
PETROLEOS MEXIC 6.84% 01/23/30 71654QDC3 $367,520.00 0.170 %
REPUBLIC OF PA 3.298% 01/19/33 698299BR4 $355,830.65 0.170 %
REPUBLIC OF PH 6.375% 01/15/32 718286BD8 $355,896.67 0.170 %
REPUBLIC OF TU 5.875% 06/26/31 900123DC1 $355,988.28 0.170 %
CHINA GOVT INT 2.125% 12/03/29 Y5325SAL2 $338,098.96 0.160 %
PERUSAHAAN PEN 4.325% 05/28/25 71567RAD8 $347,265.63 0.160 %
REPUBLIC OF SRI 6.85% 03/14/24 Y8137FAN8 $348,750.00 0.160 %
EXPORT-IMPORT 3.875% 05/16/26 Y23862VV7 $342,935.60 0.160 %
PETROLEOS MEXICAN 10% 02/07/33 71654QDP4 $342,044.44 0.160 %
KSA SUKUK LTD 2.969% 10/29/29 G5321UAF4 $341,523.50 0.160 %
CHINA GOVT INTL 1.95% 12/03/24 Y5325SAM0 $346,938.53 0.160 %
BOLIVIA GOVERNME 4.5% 03/20/28 P37878AC2 $346,537.50 0.160 %
SAUDI INTERNATIO 2.9% 10/22/25 M6320UAZ2 $340,113.39 0.160 %
PERUSAHAAN PENE 4.15% 03/29/27 71567RAH9 $343,866.25 0.160 %
KSA SUKUK LTD 5.268% 10/25/28 G5321UAJ6 $331,714.44 0.160 %
REPUBLIC OF CHIL 3.5% 01/31/34 168863DV7 $331,072.92 0.160 %
SAUDI INTERNATIO 5.5% 10/25/32 M6320UBY4 $310,095.83 0.150 %
PERUSAHAAN PENER 4.4% 03/01/28 71567RAK2 $321,046.28 0.150 %
UNITED MEXICAN 4.125% 01/21/26 91086QBG2 $322,738.54 0.150 %
UNITED MEXICAN 3.75% 01/11/28 91087BAE0 $312,203.13 0.150 %
PERUSAHAAN PENE 4.55% 03/29/26 71567RAF3 $324,577.51 0.150 %
REPUBLIC OF TUR 4.25% 04/14/26 900123CJ7 $316,340.10 0.150 %
CODELCO INC 3.625% 08/01/27 P3143NAY0 $311,064.78 0.150 %
REPUBLIC OF SR 6.825% 07/18/26 Y8137FAF5 $324,156.25 0.150 %
REPUBLIC OF PH 2.457% 05/05/30 718286CJ4 $325,164.19 0.150 %
CODELCO INC 3.15% 01/14/30 P3143NBH6 $312,716.26 0.150 %
PETROLEOS MEXIC 8.75% 06/02/29 71654QDL3 $311,568.75 0.150 %
UNITED MEXICAN 3.25% 04/16/30 91087BAH3 $310,219.10 0.150 %
KSA SUKUK LTD 2.25% 05/17/31 G5321UAG2 $317,250.01 0.150 %
UNITED MEXICAN 4.875% 05/19/33 91087BAT7 $326,914.58 0.150 %
REPUBLIC OF GH 7.875% 02/11/35 V71795AW4 $305,625.00 0.140 %
REPUBLIC OF GHA 7.75% 04/07/29 V71795AY0 $291,273.44 0.140 %
SUCI SECOND IN 5.171% 03/05/31 G85444AC4 $301,861.15 0.140 %
FED REPUBLIC OF 8.25% 01/20/34 105756BB5 $292,734.38 0.140 %
ABU DHABI GOVT 1.875% 09/15/31 M0152WAR2 $288,458.33 0.140 %
REPUBLIC OF IND 4.75% 01/08/26 Y20721BN8 $303,259.17 0.140 %
GACI FIRST INVE 5.25% 10/13/32 G3705QAC1 $302,500.00 0.140 %
ABU DHABI GOVT INT 5% 04/30/34 M0152WAT8 $304,333.33 0.140 %
PERUSAHAAN PENER 4.4% 06/06/27 71567RAU0 $300,498.33 0.140 %
REPUBLIC OF CHI 2.45% 01/31/31 168863DP0 $292,464.69 0.140 %
CODELCO INC 3% 09/30/29 P3143NBE3 $288,552.61 0.140 %
REPUBLIC OF GH 8.125% 01/18/26 V3R60FAZ7 $297,203.13 0.140 %
REPUBLIC OF GH 8.625% 04/07/34 V71795BA1 $306,750.00 0.140 %
PETROLEOS MEXIC 5.35% 02/12/28 71654QCK6 $276,152.92 0.130 %
REPUBLIC OF TURK 6.5% 09/20/33 900123DD9 $285,412.50 0.130 %
REPUBLIC OF GH 7.625% 05/16/29 V71795AM6 $278,437.50 0.130 %
SAUDI INTERNATI 3.25% 10/22/30 M6320UBB4 $271,964.58 0.130 %
CHINA GOVT INTL 1.25% 10/26/26 Y5325QAE2 $276,209.25 0.130 %
UKRAINE GOVERNM 9.75% 11/01/30 X5S005M65 $286,900.00 0.130 %
REPUBLIC OF IND 3.55% 03/31/32 455780DJ2 $270,420.84 0.130 %
UKRAINE GOVERNM 7.75% 09/01/28 X5S005UL3 $268,850.00 0.130 %
REPUBLIC OF GH 8.125% 03/26/32 V71795AQ7 $280,500.00 0.130 %
PETROLEOS MEXIC 6.49% 01/23/27 71654QDB5 $245,908.33 0.120 %
PERUSAHAAN LIS 4.125% 05/15/27 71568QAC1 $265,283.33 0.120 %
ROP SUKUK TRUS 5.045% 06/06/29 Y7329CAA3 $254,741.68 0.120 %
GACI FIRST INVESTM 5% 01/29/29 G3705QAG2 $251,458.33 0.120 %
UNITED MEXICAN S 5.4% 02/09/28 91087BAU4 $253,821.88 0.120 %
SINOPEC GRP DEV 2.7% 05/13/30 G82016AP4 $246,631.00 0.120 %
ABU DHABI GOVT I 1.7% 03/02/31 M0152WAM3 $248,122.50 0.120 %
REPUBLIC OF IND 4.35% 01/08/27 Y20721BQ1 $249,546.88 0.120 %
MDGH GMTN RSC LT 2.5% 05/21/26 M6846HAM5 $260,600.69 0.120 %
CODELCO INC 5.95% 01/08/34 P3143NBQ6 $255,265.63 0.120 %
UKRAINE GOVERN 6.876% 05/21/31 X5S005X71 $259,500.00 0.120 %
REPUBLIC OF IND 3.85% 10/15/30 455780CS3 $256,781.63 0.120 %
SINOPEC GRP OVE 3.25% 04/28/25 G8201JAC5 $245,694.24 0.120 %
GACI FIRST INVESTM 5% 10/13/27 G3705QAA5 $250,607.64 0.120 %
SAUDI INTERNATIO 2.5% 02/03/27 M6320UAY5 $259,827.25 0.120 %
SINOPEC GRP DEV 2.95% 11/12/29 G82016AL3 $229,157.85 0.110 %
UKRAINE GOVERNM 7.75% 09/01/29 X5S005UM1 $238,850.00 0.110 %
UKRAINE GOVERNM 7.75% 09/01/25 X5S005UH2 $241,412.50 0.110 %
REPUBLIC OF IND 4.65% 09/20/32 455780DN3 $243,206.26 0.110 %
CHINA GOVT INT 2.625% 11/02/27 Y5325SAA6 $235,617.19 0.110 %
REPUBLIC OF TURKIY 8% 02/14/34 900123AT7 $230,950.31 0.110 %
REPUBLIC OF IND 4.75% 02/11/29 455780CH7 $225,285.93 0.110 %
REPUBLIC OF IND 2.85% 02/14/30 455780CQ7 $224,068.76 0.110 %
SINOPEC GRP OV 3.625% 04/12/27 G8201NAC6 $241,805.87 0.110 %
PERUSAHAAN PENER 1.5% 06/09/26 71567RAR7 $234,052.08 0.110 %
SHARJAH SUKUK 4.226% 03/14/28 G8110JAA9 $240,618.71 0.110 %
PERUSAHAAN PENER 5.6% 11/15/33 71567RAY2 $207,123.89 0.100 %
REPUBLIC OF ECUAD ZCP 07/31/30 P8054QBG7 $207,200.00 0.100 %
ARAB REPUBLIC 7.052% 01/15/32 M1487WDD4 $216,972.37 0.100 %
CHINA DEVELOPMENT 1% 10/27/25 Y1456TKA3 $212,014.06 0.100 %
DP WORLD CRESCEN 5.5% 09/13/33 G28288AE1 $202,763.89 0.100 %
REPUBLIC OF IND 1.85% 03/12/31 455780CV6 $204,505.90 0.100 %
PERUSAHAAN PENE 2.55% 06/09/31 71567RAS5 $215,013.55 0.100 %
UKRAINE GOVERNM 7.75% 09/01/26 X5S005UJ8 $220,500.00 0.100 %
CHINA GOVT INTL 1.75% 10/26/31 Y5325QAF9 $209,901.78 0.100 %
PERUSAHAAN PENER 5.4% 11/15/28 71567RAX4 $202,490.00 0.100 %
REPUBLIC OF INDO 3.5% 01/11/28 455780CD6 $215,582.81 0.100 %
SHARJAH SUKUK 2.942% 06/10/27 G8110JAL5 $211,333.10 0.100 %
THREE GORGES FI 3.15% 06/02/26 G8850LAC4 $219,577.50 0.100 %
SPIC MTN CO LT 1.625% 07/27/25 G8352NAA7 $215,982.81 0.100 %
REPUBLIC OF PANA 7.5% 03/01/31 698299BX1 $212,312.50 0.100 %
MDGH GMTN RSC 2.875% 11/07/29 M6846HAN3 $203,056.31 0.100 %
UAE INT'L GOVT 4.917% 09/25/33 M9402MAJ1 $203,396.87 0.100 %
SUCI SECOND INV 6.25% 10/25/33 G85444AA8 $218,034.72 0.100 %
REPUBLIC OF IND 4.55% 01/11/28 455780DQ6 $219,476.58 0.100 %
FIN DEPT GOVT SH 6.5% 11/23/32 M5216SAH6 $207,844.70 0.100 %
MDGH GMTN RSC LT 5.5% 04/28/33 M6846HBV4 $206,201.39 0.100 %
CNAC HK FINBRI 4.125% 07/19/27 Y1670YAB1 $195,404.17 0.090 %
CHINA GOVT INTL 3.5% 10/19/28 Y5325SAE8 $193,306.11 0.090 %
INDO ASAHAN/MIN 5.45% 05/15/30 Y7140WAF5 $196,502.22 0.090 %
SAUDI INTERNATI 2.75% 02/03/32 M6320UAW9 $194,828.13 0.090 %
PT PERTAMINA (PE 1.4% 02/09/26 69370RAK3 $187,259.39 0.090 %
UNITED MEXICAN S 8.3% 08/15/31 91086QAG3 $182,264.17 0.090 %
STATE GRID OVE 1.625% 08/05/30 G8450LAZ7 $189,045.01 0.090 %
UKRAINE GOVERNM 7.75% 09/01/27 X5S005UK5 $186,225.00 0.090 %
INDO ASAHAN/MIN 4.75% 05/15/25 Y7140WAE8 $198,648.61 0.090 %
PERUSAHAAN PENE 4.45% 02/20/29 71567RAM8 $197,674.17 0.090 %
REPUBLIC OF ARGENT 1% 07/09/29 040114HX1 $202,005.91 0.090 %
SINOPEC GRP DEV 2.3% 01/08/31 G82016AS8 $196,767.01 0.090 %
MDGH GMTN RSC 4.375% 11/22/33 M6846HCL5 $188,950.75 0.090 %
SHARJAH SUKUK 3.854% 04/03/26 G8110JAD3 $194,570.56 0.090 %
DP WORLD CRESC 4.848% 09/26/28 G28288AB7 $197,597.70 0.090 %
PETROLEOS MEXICA 6.5% 01/23/29 71654QCP5 $188,190.33 0.090 %
EXPORT-IMPORT 2.875% 04/26/26 Y23862KD9 $192,618.75 0.090 %
COMISION FEDER 4.688% 05/15/29 P30179BQ0 $187,758.36 0.090 %
DP WORLD CRESC 3.875% 07/18/29 G28288AC5 $190,128.47 0.090 %
PELABUHAN INDO 4.25% 05/05/25 Y7133MAC3 $198,425.00 0.090 %
PERUSAHAAN LIST 5.45% 05/21/28 71568QAE7 $199,947.06 0.090 %
BANCO NACIONAL 4.375% 10/14/25 P14517AA7 $197,947.92 0.090 %
REPUBLIC OF IND 4.85% 01/11/33 455780DR4 $199,806.67 0.090 %
UAE INT'L GOVT BON 2% 10/19/31 M9402MAF9 $186,893.75 0.090 %
RAK CAPITAL 3.094% 03/31/25 P30473AD7 $197,536.01 0.090 %
GACI FIRST INVE 4.75% 02/14/30 G3705QAD9 $197,800.00 0.090 %
REPUBLIC OF IND 3.85% 07/18/27 Y20721BT5 $195,236.11 0.090 %
SINOPEC GRP DEV 2.15% 05/13/25 G82016AN9 $194,026.44 0.090 %
REPUBLIC OF INDO 4.1% 04/24/28 455780CF1 $193,410.56 0.090 %
SHARJAH SUKUK 3.234% 10/23/29 G8110JAF8 $179,164.00 0.080 %
MDGH GMTN RSC 2.875% 05/21/30 M6846HAJ2 $178,219.44 0.080 %
REPUBLIC OF IND 2.15% 07/28/31 455780CY0 $165,936.11 0.080 %
PETROLEOS MEXICA 4.5% 01/23/26 71654QBW1 $169,032.50 0.080 %
CNAC HK FINBRIDGE 3% 09/22/30 Y1670YAW5 $175,891.67 0.080 %
MDGH GMTN RSC 3.375% 03/28/32 M6846HAV5 $180,531.25 0.080 %
REPUBLIC OF VE 11.95% 08/05/31 P17625AD9 $154,000.00 0.070 %
REPUBLIC OF VEN 9.25% 09/15/27 922646AS3 $147,000.00 0.070 %
PETROLEOS DE VENEZ 6% 05/16/24 P7807HAT2 $119,452.50 0.060 %
LEBANESE REPUBL 6.85% 03/23/27 M6S21BAP8 $120,700.00 0.060 %
LEBANESE REPUBLI 6.1% 10/04/22 M87883DE7 $120,700.00 0.060 %
LEBANESE REPUBL 6.65% 02/26/30 M6S21BAN3 $113,600.00 0.050 %
REPUBLIC OF VE 11.75% 10/21/26 P17625AE7 $111,550.00 0.050 %
PETROLEOS DE VENEZ 6% 11/15/26 P7807HAR6 $105,000.00 0.050 %
REPUBLIC OF VE 12.75% 08/23/22 P17625AC1 $113,275.00 0.050 %
REPUBLIC OF SRI 7.85% 03/14/29 Y8137FAP3 $87,562.50 0.040 %
PETROLEOS DE V 12.75% 02/17/22 P7807HAM7 $84,525.00 0.040 %
PETROLEOS DE V 5.375% 04/12/27 P7807HAC9 $66,987.50 0.030 %
LEBANESE REPUBLIC 6% 12/31/24 M6S21BAG8 $42,600.00 0.020 %
LEBANESE REPUBL 8.25% 04/12/21 M87883CE8 $49,700.00 0.020 %
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 0.21079
Apr 1, 2024 Apr 2, 2024 Apr 5, 2024 0.21556
Mar 1, 2024 Mar 4, 2024 Mar 7, 2024 0.20050
Feb 1, 2024 Feb 2, 2024 Feb 7, 2024 0.20896
Dec 28, 2023 Dec 29, 2023 Jan 4, 2024 0.21628
Dec 1, 2023 Dec 4, 2023 Dec 7, 2023 0.21308
Nov 1, 2023 Nov 2, 2023 Nov 7, 2023 0.21809
Oct 2, 2023 Oct 3, 2023 Oct 6, 2023 0.20932
Sep 1, 2023 Sep 5, 2023 Sep 8, 2023 0.21906
Aug 1, 2023 Aug 2, 2023 Aug 7, 2023 0.21997
Jul 3, 2023 Jul 5, 2023 Jul 10, 2023 0.18689
Jun 1, 2023 Jun 2, 2023 Jun 7, 2023 0.23682
May 1, 2023 May 2, 2023 May 5, 2023 0.20286
Apr 3, 2023 Apr 4, 2023 Apr 7, 2023 0.20405
Mar 1, 2023 Mar 2, 2023 Mar 7, 2023 0.21214
Feb 1, 2023 Feb 2, 2023 Feb 7, 2023 0.18942
Dec 29, 2022 Dec 30, 2022 Jan 5, 2023 0.21808
Dec 1, 2022 Dec 2, 2022 Dec 7, 2022 0.20599
Nov 1, 2022 Nov 2, 2022 Nov 7, 2022 0.19149
Oct 3, 2022 Oct 4, 2022 Oct 7, 2022 0.20374
Sep 1, 2022 Sep 2, 2022 Sep 8, 2022 0.18873
Aug 1, 2022 Aug 2, 2022 Aug 5, 2022 0.20578

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/