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XHYC

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF

Net asset value

$36.11

EXPENSE RATIO

0.35%

Yield to Maturity

7.90%

30-Day Sec Yield

6.71%
ALL DATA AS OF 04/17/2025, UNLESS OTHERWISE STATED. 30-DAY SEC YIELD AS OF 03/31/2025. The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance please visit the performance section of this page.

Overview

The BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds in the consumer cyclicals sector. The Fund is newly organized, non-diversified and seeks to track the investment results of the ICE Diversified US Cash Pay High Yield Consumer Cyclical Index, which is a rules-based index consisting of U.S. dollar-denominated below investment grade bonds that contains issuers from the consumer cyclicals sector (companies whose performance is generally more closely connected to the business cycle and current economic conditions), including the automotive, leisure, real estate development & management, department stores, and specialty retail subsectors. The performance of securities in this sector, in the aggregate, may exhibit greater volatility in response to macroeconomic or systematic changes in the overall economy. *Unless otherwise stated, the information on this page is as of 04/17/2025

Sub-Sector

Fund Details

Product Name BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
Ticker XHYC
CUSIP 09789C101
Asset Class Fixed Income
Fund Inception Date 2/15/2022
Exchange NYSE Arca
Distribution Frequency Monthly
Fund Net Assets $41,523,009
Shares Outstanding 1,150,000
Median Spread 0.38%
Premium Discount Ratio 0.19%
Closing Price as of 04/17/2025 $36.17

Fees

Management Fee 0.35%
Acquired Fund Fees and Expenses 0.00%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 0.35%

Portfolio Characteristics

Number of Securities 278
Number of Issuers 121
Average Coupon 6.15%
Average Maturity 4.50 Years
* 30-Day SEC Yield is as of 03/31/2025
Yield to Maturity 7.90%
Yield to Worst 7.85%
Option Adjusted Spread 374
Spread Duration 3.14
30-Day SEC Yield* 6.71%

Portfolio Breakdown

Corporate 99.7%
Due to rounding, these values may exceed 100%

Index Details

Provider Name ICE Data Services
Index ICE Diversified US Cash Pay High Yield Consumer Cyclical Index
Index Ticker JDCC
Index Market Cap $180.228B

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
Royal Caribbean Group 5.36 %
Carnival Corporation 4.30 %
Hilton Domestic Operating Co Inc. 3.65 %
Caesars Entertainment Inc. 3.46 %
Rakuten Group Inc. 3.40 %
Nissan Motor Co Ltd. 2.63 %
NCL Corporation Ltd. 2.52 %
Goodyear Tire & Rubber Co. The 2.16 %
Bath & Body Works Inc 2.09 %
Nissan Motor Acceptance Co LLC 1.93 %
Name CUSIP Market Value % of Net Assets
CARNIVAL CORP 5.75% 03/01/27 143658BN1 $629,221.55 1.520 %
NISSAN MOTOR C 4.345% 09/17/27 654744AC5 $554,894.40 1.340 %
NISSAN MOTOR CO 4.81% 09/17/30 654744AD3 $536,167.29 1.290 %
RAKUTEN GROUP I 9.75% 04/15/29 75102WAK4 $481,658.03 1.160 %
CARNIVAL CORP 6% 05/01/29 143658BR2 $470,720.73 1.130 %
CAESARS ENTERTAIN 7% 02/15/30 12769GAB6 $465,794.53 1.120 %
ROYAL CARIBBEAN CR 6% 02/01/33 780153BV3 $456,731.34 1.100 %
CARNIVAL CORP 6.125% 02/15/33 143658BX9 $457,337.74 1.100 %
RAKUTEN GROUP 11.25% 02/15/27 75102WAG3 $449,227.16 1.080 %
TENNECO INC 8% 11/17/28 880349AU9 $414,665.14 1.000 %
NCL CORPORATION 6.75% 02/01/32 62886HBR1 $405,482.15 0.980 %
SAKS GLOBAL ENTER 11% 12/15/29 79380MAA3 $383,407.40 0.920 %
CLARIOS GLOBAL L 8.5% 05/15/27 69867DAC2 $358,319.08 0.860 %
CAESARS ENTERTAI 6.5% 02/15/32 12769GAC4 $353,429.93 0.850 %
ROYAL CARIBBEAN 5.5% 04/01/28 780153BG6 $341,497.30 0.820 %
ROYAL CARIBBEA 5.625% 09/30/31 780153BW1 $336,980.61 0.810 %
WAND NEWCO 3 I 7.625% 01/30/32 933940AA6 $300,250.58 0.720 %
HILTON DOMESTI 3.625% 02/15/32 432833AN1 $295,452.97 0.710 %
LIVE NATION ENTE 6.5% 05/15/27 538034AV1 $288,175.57 0.690 %
ROYAL CARIBBEAN 6.25% 03/15/32 780153BU5 $286,360.64 0.690 %
PETSMART INC/PE 4.75% 02/15/28 71677KAA6 $265,480.65 0.640 %
CHURCHILL DOWNS 5.75% 04/01/30 12511VAA6 $255,426.04 0.620 %
FERTITTA ENTERT 6.75% 01/15/30 31556TAC3 $252,768.47 0.610 %
BELRON UK FINAN 5.75% 10/15/29 080782AA3 $254,603.88 0.610 %
CAESARS ENTERT 4.625% 10/15/29 12769GAA8 $251,989.02 0.610 %
PETSMART INC/PE 7.75% 02/15/29 71677KAB4 $250,621.07 0.600 %
HILTON DOMESTIC OP 4% 05/01/31 432833AL5 $232,031.33 0.560 %
HILTON DOMESTI 5.875% 03/15/33 432833AR2 $232,400.41 0.560 %
ROYAL CARIBBEAN 5.5% 08/31/26 780153BJ0 $231,301.49 0.560 %
CAESARS ENTERTAIN 6% 10/15/32 12769GAD2 $232,291.05 0.560 %
NCL CORPORATIO 5.875% 02/15/27 62886HBE0 $231,134.70 0.560 %
LCM INVESTMENTS 8.25% 08/01/31 50190EAC8 $231,729.70 0.560 %
BOYD GAMING COR 4.75% 12/01/27 103304BU4 $226,576.40 0.550 %
CARNIVAL CORP 5.75% 03/15/30 143658BY7 $228,843.49 0.550 %
WYNN RESORTS F 7.125% 02/15/31 983133AC3 $227,795.21 0.550 %
ROYAL CARIBBEA 5.375% 07/15/27 780153BK7 $229,229.21 0.550 %
RESORTS WORLD/ 4.625% 04/16/29 76120HAA5 $225,128.31 0.540 %
HILTON DOMESTIC OPERATIN REGD 4.875% 01/15/30 432833AF8 $225,640.38 0.540 %
ASTON MARTIN CAPI 10% 03/31/29 04625HAJ8 $219,356.68 0.530 %
FERTITTA ENTER 4.625% 01/15/29 31556TAA7 $214,459.34 0.520 %
NISSAN MOTOR AC 1.85% 09/16/26 65480CAC9 $217,593.95 0.520 %
LIVE NATION ENT 4.75% 10/15/27 538034AR0 $207,396.74 0.500 %
GOODYEAR TIRE & RU 5% 05/31/26 382550BF7 $206,045.89 0.500 %
WYNN LAS VEGAS 5.25% 05/15/27 983130AX3 $204,390.76 0.490 %
MAGNERA CORP 7.25% 11/15/31 55939AAA5 $202,185.83 0.490 %
ALLISON TRANSMI 3.75% 01/30/31 019736AG2 $205,531.29 0.490 %
HILTON GRAND V 6.625% 01/15/32 43283QAC4 $202,903.24 0.490 %
SIX FLAGS ENT/ 6.625% 05/01/32 83002YAA7 $201,211.26 0.480 %
BATH & BODY WO 6.625% 10/01/30 501797AW4 $194,479.20 0.470 %
MGM RESORTS IN 6.125% 09/15/29 552953CK5 $193,194.86 0.470 %
LCM INVESTMENT 4.875% 05/01/29 50190EAA2 $195,835.53 0.470 %
HILTON GRAND VAC L 5% 06/01/29 43284MAA6 $193,715.41 0.470 %
RAKUTEN GROUP INC V/R /PERP/ 75102WAB4 $193,696.05 0.470 %
BOYD GAMING COR 4.75% 06/15/31 103304BV2 $190,628.23 0.460 %
WYNN RESORTS FI 6.25% 03/15/33 983133AD1 $189,924.24 0.460 %
GOODYEAR TIRE & RU 5% 07/15/29 382550BN0 $190,252.17 0.460 %
SIX FLAGS ENTER 7.25% 05/15/31 83001AAD4 $190,169.25 0.460 %
NCL CORPORATIO 8.125% 01/15/29 62886HBN0 $191,854.00 0.460 %
SABRE GLBL INC 10.75% 11/15/29 78573NAL6 $189,550.11 0.460 %
GARRETT MOTION 7.75% 05/31/32 366504AA6 $188,273.97 0.450 %
VIKING CRUISES 5.875% 09/15/27 92676XAD9 $188,784.59 0.450 %
MGM RESORTS INT 4.75% 10/15/28 552953CH2 $180,755.20 0.440 %
CLARIOS GLOBAL 6.75% 05/15/28 18060TAC9 $181,872.51 0.440 %
BATH & BODY WO 6.875% 11/01/35 501797AL8 $182,693.81 0.440 %
INTERNATIONAL G 6.25% 01/15/27 460599AD5 $178,331.62 0.430 %
SC GAMES HOLDI 6.625% 03/01/30 80874DAA4 $172,702.94 0.420 %
INTERNATIONAL 4.125% 04/15/26 460599AF0 $172,558.08 0.420 %
HILTON DOMESTIC 3.75% 05/01/29 432833AJ0 $175,565.25 0.420 %
ZF NA CAPITAL 6.75% 04/23/30 98877DAF2 $175,266.89 0.420 %
VIKING CRUISES 9.125% 07/15/31 92676XAG2 $168,747.09 0.410 %
ADIENT GLOBAL HO 7.5% 02/15/33 00687YAD7 $168,447.53 0.410 %
GROUP 1 AUTOMOTIVE 4% 08/15/28 398905AN9 $168,517.68 0.410 %
ASBURY AUTOMOT 4.625% 11/15/29 043436AW4 $171,212.20 0.410 %
NISSAN MOTOR AC 7.05% 09/15/28 65480CAF2 $165,419.82 0.400 %
WAYFAIR LLC 7.25% 10/31/29 94419NAA5 $168,085.76 0.400 %
COUGAR JV SUBSIDIA 8% 05/15/32 22208WAA1 $165,086.94 0.400 %
LITHIA MOTORS 3.875% 06/01/29 536797AG8 $164,733.61 0.400 %
RAKUTEN GROUP INC V/R /PERP/ 75102WAA6 $165,402.67 0.400 %
CUSHMAN & WAKEF 6.75% 05/15/28 23166MAA1 $165,018.14 0.400 %
HOWARD HUGHES 5.375% 08/01/28 44267DAD9 $167,761.29 0.400 %
WYNN RESORTS F 5.125% 10/01/29 983133AA7 $165,625.56 0.400 %
MGM RESORTS INTL 6.5% 04/15/32 552953CJ8 $165,349.05 0.400 %
CLARIOS GLOBAL 6.75% 02/15/30 18060TAD7 $162,964.00 0.390 %
CHURCHILL DOWNS 6.75% 05/01/31 171484AJ7 $161,130.49 0.390 %
MIDWEST GMNG B 4.875% 05/01/29 59833DAB6 $160,243.87 0.390 %
GOODYEAR TIRE 4.875% 03/15/27 382550BG5 $162,461.96 0.390 %
LIGHT & WONDER INT 7% 05/15/28 80874YBC3 $161,798.23 0.390 %
INTERNATIONAL G 5.25% 01/15/29 460599AE3 $162,490.03 0.390 %
MAVIS TIRE EXPRE 6.5% 05/15/29 59155LAA0 $157,044.17 0.380 %
CASHUSD CASHUSD $159,246.13 0.380 %
CHURCHILL DOWNS 4.75% 01/15/28 171484AE8 $157,058.23 0.380 %
AMC ENTERTAINMEN 7.5% 02/15/29 00165CBA1 $151,611.76 0.370 %
CINEMARK USA IN 5.25% 07/15/28 172441BF3 $153,936.81 0.370 %
VOC ESCROW LTD 5% 02/15/28 91832VAA2 $151,885.40 0.370 %
SEAWORLD PARKS 5.25% 08/15/29 81282UAG7 $154,011.85 0.370 %
NORDSTROM INC 5% 01/15/44 655664AR1 $154,882.62 0.370 %
ZF NA CAPITAL 6.875% 04/14/28 98877DAD7 $148,241.08 0.360 %
ROYAL CARIBBEAN 4.25% 07/01/26 780153BH4 $149,887.27 0.360 %
GAP INC/THE 3.625% 10/01/29 364760AP3 $148,961.04 0.360 %
STATION CASINOS 4.5% 02/15/28 857691AG4 $150,767.23 0.360 %
TRAVEL + LEISU 6.625% 07/31/26 98310WAS7 $149,900.48 0.360 %
BOYNE USA INC 4.75% 05/15/29 103557AC8 $147,878.67 0.360 %
WAYFAIR LLC 7.75% 09/15/30 94419NAB3 $146,951.66 0.350 %
ZF NA CAPITAL 6.875% 04/23/32 98877DAG0 $146,233.94 0.350 %
HOWARD HUGHES 4.375% 02/01/31 44267DAF4 $146,188.11 0.350 %
MCLAREN FINANCE 7.5% 08/01/26 58175LAA8 $143,434.43 0.350 %
GAP INC/THE 3.875% 10/01/31 364760AQ1 $145,348.24 0.350 %
VAIL RESORTS INC 6.5% 05/15/32 91879QAP4 $144,192.72 0.350 %
NCL CORPORATION 7.75% 02/15/29 62886HBG5 $140,298.96 0.340 %
GENTING NY LLC/ 7.25% 10/01/29 37255JAB8 $140,191.03 0.340 %
SALLY HOLDINGS/ 6.75% 03/01/32 79546VAQ9 $141,372.35 0.340 %
SONIC AUTOMOTI 4.625% 11/15/29 83545GBD3 $139,752.77 0.340 %
HANESBRANDS INC 9% 02/15/31 410345AQ5 $142,840.74 0.340 %
RIVERS ENTERPR 6.625% 02/01/33 76883NAA9 $140,078.51 0.340 %
TRAVEL + LEISURE 4.5% 12/01/29 894164AA0 $136,863.69 0.330 %
MGM RESORTS INTL 5.5% 04/15/27 552953CF6 $136,760.47 0.330 %
UNDER ARMOUR IN 3.25% 06/15/26 904311AA5 $136,683.57 0.330 %
SABRE GLBL INC 8.625% 06/01/27 78573NAJ1 $136,123.16 0.330 %
HUNT COS INC 5.25% 04/15/29 445587AE8 $136,397.85 0.330 %
CHURCHILL DOWNS 5.5% 04/01/27 171484AG3 $135,566.87 0.330 %
HILTON WORLDWI 4.875% 04/01/27 432891AK5 $134,347.26 0.320 %
CAESARS ENTERT 8.125% 07/01/27 28470RAK8 $132,316.11 0.320 %
ANYWHERE REAL EST/ 7% 04/15/30 75606DAS0 $133,849.01 0.320 %
VF CORP 2.95% 04/23/30 918204BC1 $134,495.53 0.320 %
PHINIA INC 6.75% 04/15/29 71880KAA9 $132,476.05 0.320 %
BATH & BODY WOR 6.75% 07/01/36 501797AM6 $133,332.58 0.320 %
CINEMARK USA INC 7% 08/01/32 172441BH9 $133,179.18 0.320 %
LIGHT & WONDER I 7.5% 09/01/31 531968AA3 $127,855.34 0.310 %
GREAT CANADIAN 8.75% 11/15/29 389925AA6 $126,948.35 0.310 %
CHAMPIONS FINAN 8.75% 02/15/29 15870LAA6 $127,471.54 0.310 %
FIVE POINT OP CO S/UP 01/15/28 33834YAB4 $127,700.09 0.310 %
HOWARD HUGHES 4.125% 02/01/29 44267DAE7 $126,529.89 0.300 %
KENNEDY-WILSON INC 5% 03/01/31 489399AM7 $122,542.80 0.300 %
ASBURY AUTOMOTIVE 5% 02/15/32 043436AX2 $126,056.51 0.300 %
LIGHT & WONDER 7.25% 11/15/29 80874YBE9 $126,156.84 0.300 %
VELOCITY VEHICLE G 8% 06/01/29 92262TAA4 $122,609.51 0.300 %
BENTELER INTERN 10.5% 05/15/28 08263DAA4 $123,616.73 0.300 %
JAGUAR LAND RO 5.875% 01/15/28 47010BAK0 $124,048.69 0.300 %
LITHIA MOTORS 4.375% 01/15/31 536797AF0 $123,897.07 0.300 %
NISSAN MOTOR AC 2.75% 03/09/28 654740BT5 $123,343.41 0.300 %
HILTON DOMESTI 5.875% 04/01/29 432833AP6 $125,188.97 0.300 %
GOODYEAR TIRE & 5.25% 07/15/31 382550BR1 $125,793.34 0.300 %
ZF NA CAPITAL 7.125% 04/14/30 98877DAE5 $120,730.18 0.290 %
GOODYEAR TIRE & 5.25% 04/30/31 382550BJ9 $118,685.96 0.290 %
NCL FINANCE LT 6.125% 03/15/28 62888HAA7 $121,143.85 0.290 %
RAKUTEN GROUP INC V/R /PERP/ 75102WAM0 $119,798.32 0.290 %
NEWMARK GROUP IN 7.5% 01/12/29 65158NAD4 $121,316.15 0.290 %
KENNEDY-WILSON 4.75% 03/01/29 489399AL9 $118,847.93 0.290 %
HILTON DOMESTIC 5.75% 05/01/28 432833AH4 $119,925.67 0.290 %
VICTORIA'S SEC 4.625% 07/15/29 926400AA0 $120,363.69 0.290 %
CHAMP ACQUISIT 8.375% 12/01/31 15807XAA8 $122,284.26 0.290 %
ROYAL CARIBBEAN 3.7% 03/15/28 780153AW2 $114,964.54 0.280 %
STAPLES INC 12.75% 01/15/30 855030AS1 $115,007.60 0.280 %
LIFE TIME INC 6% 11/15/31 53190FAE5 $116,647.02 0.280 %
MICHAELS COS IN 5.25% 05/01/28 55916AAA2 $115,074.10 0.280 %
SIX FLAGS ENTERT 5.5% 04/15/27 83001AAC6 $117,901.11 0.280 %
BATH & BODY WORK 7.5% 06/15/29 501797AR5 $115,429.16 0.280 %
VIKING CRUISES LTD 7% 02/15/29 92676XAF4 $116,151.99 0.280 %
LIVE NATION ENT 3.75% 01/15/28 538034AX7 $115,191.74 0.280 %
ADIENT GLOBAL HOLD 7% 04/15/28 00687YAB1 $114,613.64 0.280 %
DEALER TIRE LLC/DT 8% 02/01/28 24229JAA1 $115,919.36 0.280 %
KENNEDY-WILSON 4.75% 02/01/30 489399AN5 $118,070.56 0.280 %
HILTON DOMESTI 6.125% 04/01/32 432833AQ4 $110,100.94 0.270 %
GROUP 1 AUTOMO 6.375% 01/15/30 398905AQ2 $112,250.46 0.270 %
JACOBS ENTERTAI 6.75% 02/15/29 469815AK0 $114,009.30 0.270 %
ALLISON TRANSM 5.875% 06/01/29 019736AF4 $113,475.51 0.270 %
WILLIAM CARTER 5.625% 03/15/27 96926JAC1 $112,128.66 0.270 %
SIX FLAGS/CANAD 5.25% 07/15/29 150190AE6 $113,771.40 0.270 %
APTIV SWISS HOLDI V/R 12/15/54 03837AAD2 $110,251.97 0.270 %
VF CORP 2.8% 04/23/27 918204BB3 $112,277.22 0.270 %
FORESTAR GROUP I 6.5% 03/15/33 346232AG6 $110,381.06 0.270 %
AMERICAN AXLE & MF 5% 10/01/29 02406PBB5 $113,369.14 0.270 %
BATH & BODY WOR 5.25% 02/01/28 501797AN4 $111,657.39 0.270 %
CLARIOS GLOBAL 6.25% 05/15/26 69867DAA6 $107,790.62 0.260 %
REAL HERO MERGE 6.25% 02/01/29 75602BAA7 $107,924.79 0.260 %
ADIENT GLOBAL H 8.25% 04/15/31 00687YAC9 $109,949.23 0.260 %
STATION CASINO 4.625% 12/01/31 857691AH2 $108,450.46 0.260 %
PENSKE AUTOMOTI 3.75% 06/15/29 70959WAK9 $107,114.43 0.260 %
GLOBAL AUTO HO 8.375% 01/15/29 00033GAA3 $109,624.92 0.260 %
STATION CASINO 6.625% 03/15/32 857691AJ8 $108,614.73 0.260 %
SONIC AUTOMOTI 4.875% 11/15/31 83545GBE1 $105,267.11 0.250 %
ANYWHERE RE GRP 5.75% 01/15/29 75606DAL5 $102,193.88 0.250 %
MACY'S RETAIL 5.875% 03/15/30 55617LAQ5 $102,396.78 0.250 %
VICTRA HLDG/VIC 8.75% 09/15/29 92648DAA4 $101,966.08 0.250 %
JAGUAR LAND ROVE 4.5% 10/01/27 47010BAF1 $104,658.27 0.250 %
THOR INDUSTRIES 4% 10/15/29 885160AA9 $102,592.81 0.250 %
WYNDHAM HOTELS 4.375% 08/15/28 98311AAB1 $105,294.76 0.250 %
JAGUAR LAND ROVE 5.5% 07/15/29 47010BAM6 $98,408.72 0.240 %
GLOBAL AUTO HO/ 11.5% 08/15/29 00033YAA4 $101,142.86 0.240 %
MICHAELS COS I 7.875% 05/01/29 55916AAB0 $98,338.82 0.240 %
GRUBHUB HOLDINGS 5.5% 07/01/27 40010PAA6 $101,226.46 0.240 %
MERLIN ENTERTA 7.375% 02/15/31 59010UAA5 $101,178.26 0.240 %
PREMIER ENTERT 5.625% 09/01/29 74052HAA2 $98,706.56 0.240 %
NORDSTROM INC 4.375% 04/01/30 655664AT7 $98,081.13 0.240 %
PENN ENTERTAIN 5.625% 01/15/27 707569AS8 $98,831.65 0.240 %
EVERGREEN ACQCO 9.75% 04/26/28 30015DAA9 $99,771.24 0.240 %
UPBOUND GROUP 6.375% 02/15/29 76009NAL4 $98,253.84 0.240 %
ASBURY AUTOMOTI 4.75% 03/01/30 043436AV6 $98,400.80 0.240 %
SIX FLAGS/CANA 5.375% 04/15/27 150190AB2 $98,278.80 0.240 %
AMERICAN AXLE & 6.5% 04/01/27 02406PAU4 $99,801.46 0.240 %
ADVANCE AUTO PAR 3.9% 04/15/30 00751YAE6 $97,998.14 0.240 %
AMERICAN AXLE 6.875% 07/01/28 02406PBA7 $99,605.95 0.240 %
GREYSTAR REAL E 7.75% 09/01/30 39807UAD8 $100,375.87 0.240 %
ODEON FINCO PL 12.75% 11/01/27 67585LAA3 $96,328.69 0.230 %
MGM RESORTS IN 4.625% 09/01/26 552953CD1 $94,141.72 0.230 %
WOLVERINE WORLD WI 4% 08/15/29 978097AG8 $95,428.69 0.230 %
ACADEMY LTD 6% 11/15/27 00401YAA8 $94,715.48 0.230 %
HILTON GRAND V 4.875% 07/01/31 43284MAB4 $95,392.05 0.230 %
EVERI HOLDINGS INC 5% 07/15/29 30034TAA1 $94,997.24 0.230 %
LEVI STRAUSS & C 3.5% 03/01/31 52736RBJ0 $96,261.97 0.230 %
MOTION BONDCO 6.625% 11/15/27 61978XAA5 $94,341.41 0.230 %
DANA INC 5.375% 11/15/27 235825AF3 $94,881.35 0.230 %
TRAVEL + LEISURE C 6% 04/01/27 98310WAN8 $89,725.33 0.220 %
FULL HOUSE RESO 8.25% 02/15/28 359678AC3 $89,471.13 0.220 %
ASBURY AUTOMOTIV 4.5% 03/01/28 043436AU8 $92,006.11 0.220 %
GOODYEAR TIRE 5.625% 04/30/33 382550BK6 $91,573.99 0.220 %
ONT GAMING GTA/OTG 8% 08/01/30 68306MAA7 $92,150.39 0.220 %
MARRIOTT OWNERSH 4.5% 06/15/29 57164PAH9 $92,143.08 0.220 %
MOTION FINCO S 8.375% 02/15/32 61980LAB5 $89,753.64 0.220 %
MACY'S RETAIL 6.125% 03/15/32 55617LAR3 $89,373.47 0.220 %
GLOBAL AUTO HO/ 8.75% 01/15/32 00033GAB1 $92,890.14 0.220 %
VIKING OCEAN C 5.625% 02/15/29 92682RAA0 $91,157.00 0.220 %
KEN GARFF AUTO 4.875% 09/15/28 48850PAA2 $87,770.29 0.210 %
QVC INC 6.875% 04/15/29 747262BA0 $88,972.14 0.210 %
CUSHMAN & WAKE 8.875% 09/01/31 23166MAC7 $85,309.10 0.210 %
PHINIA INC 6.625% 10/15/32 71880KAB7 $87,536.42 0.210 %
NISSAN MOTOR ACC 5.3% 09/13/27 65480CAG0 $88,896.52 0.210 %
AFFINITY INTER 6.875% 12/15/27 00842XAA7 $89,135.18 0.210 %
ALLISON TRANSMI 4.75% 10/01/27 019736AE7 $88,103.55 0.210 %
LITHIA MOTORS 4.625% 12/15/27 536797AE3 $88,352.57 0.210 %
DANA INC 5.625% 06/15/28 235825AG1 $89,030.31 0.210 %
DANA INC 4.25% 09/01/30 235825AH9 $88,240.39 0.210 %
MARRIOTT OWNERS 4.75% 01/15/28 57164PAF3 $84,870.32 0.200 %
KONTOOR BRANDS 4.125% 11/15/29 50050NAA1 $81,372.09 0.200 %
LINDBLAD EXPEDI 6.75% 02/15/27 53523LAA8 $83,303.39 0.200 %
SPEEDWAY MOT/S 4.875% 11/01/27 84779MAA2 $81,081.85 0.200 %
NORDSTROM INC 4.25% 08/01/31 655664AY6 $83,688.92 0.200 %
SIX FLAGS/CANADA 6.5% 10/01/28 150190AK2 $77,156.80 0.190 %
TRAVEL + LEISU 4.625% 03/01/30 98310WAQ1 $80,299.29 0.190 %
PREMIER ENTERT 5.875% 09/01/31 74052HAB0 $79,002.56 0.190 %
ROYAL CARIBBEAN 7.5% 10/15/27 780153AG7 $80,434.25 0.190 %
PENN ENTERTAIN 4.125% 07/01/29 707569AV1 $77,074.24 0.190 %
NCL CORPORATION 6.25% 03/01/30 62886HBP5 $72,915.36 0.180 %
CROCS INC 4.125% 08/15/31 227046AB5 $75,958.69 0.180 %
FOOT LOCKER INC 4% 10/01/29 344849AA2 $74,463.89 0.180 %
UNIVERSAL ENTE 9.875% 08/01/29 91349WAC2 $73,697.23 0.180 %
NISSAN MOTOR AC 2.45% 09/15/28 65480CAD7 $75,561.10 0.180 %
ADVANCE AUTO PA 1.75% 10/01/27 00751YAF3 $76,077.06 0.180 %
STAR HOLDING LL 8.75% 08/01/31 85513AAA6 $73,779.42 0.180 %
MAGNERA CORP 4.75% 11/15/29 377320AA4 $70,493.23 0.170 %
RESORTS WORLD/R 8.45% 07/27/30 76120HAD9 $69,019.12 0.170 %
NISSAN MOTOR AC 6.95% 09/15/26 65480CAE5 $71,143.30 0.170 %
KOHL'S CORPORA 4.625% 05/01/31 500255AX2 $72,166.55 0.170 %
NORDSTROM INC 6.95% 03/15/28 655664AH3 $72,248.63 0.170 %
DANA INC 4.5% 02/15/32 235825AJ5 $69,769.53 0.170 %
ADVANCE AUTO PAR 3.5% 03/15/32 00751YAG1 $70,235.57 0.170 %
LINDBLAD EXPEDITIO 9% 05/15/28 535219AA7 $69,298.58 0.170 %
ANYWHERE RE GRP 5.25% 04/15/30 75606DAQ4 $68,769.46 0.170 %
CROCS INC 4.25% 03/15/29 227046AA7 $69,684.29 0.170 %
EMPIRE RESORTS 7.75% 11/01/26 292052AF4 $67,046.05 0.160 %
NORDSTROM INC 4% 03/15/27 655664AS9 $67,491.47 0.160 %
FORESTAR GROUP INC 5% 03/01/28 346232AE1 $67,538.66 0.160 %
BATH & BODY WOR 6.95% 03/01/33 532716AK3 $64,758.01 0.160 %
ADVANCE AUTO PA 5.95% 03/09/28 00751YAJ5 $64,462.81 0.160 %
NISSAN MOTOR AC 5.55% 09/13/29 65480CAH8 $62,626.85 0.150 %
VF CORP 6% 10/15/33 918204AR9 $62,691.75 0.150 %
MACY'S RETAIL HL 4.5% 12/15/34 55616XAM9 $61,907.59 0.150 %
BATH & BODY WO 6.694% 01/15/27 501797AQ7 $62,066.63 0.150 %
CCM MERGER INC 6.375% 05/01/26 14985VAE1 $63,690.39 0.150 %
MACY'S RETAIL 5.875% 04/01/29 55617LAP7 $56,914.00 0.140 %
RESORTS WORLD/ 4.625% 04/06/31 76120HAC1 $59,837.49 0.140 %
VF CORP 6.45% 11/01/37 918204AT5 $45,354.03 0.110 %
MACY'S RETAIL 5.125% 01/15/42 55616XAG2 $44,924.24 0.110 %
KOHL'S CORPORAT 5.55% 07/17/45 500255AV6 $47,408.63 0.110 %
QVC INC 5.45% 08/15/34 747262AW3 $46,543.68 0.110 %
QVC INC 5.95% 03/15/43 747262AM5 $32,937.78 0.080 %
MACY'S RETAIL HL 4.3% 02/15/43 55616XAJ6 $33,369.03 0.080 %
NET OTHER ASSETS NA -$969.85 0.000 %
As of 04/17/2025 and subject to change.

Performance

Growth Of $10,000 Since Inception

The Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Distributions

Ex-Date Record Date Pay Date Distribution Paid
(Per Share)
Apr 1, 2025 Apr 1, 2025 Apr 4, 2025 0.22050
Mar 3, 2025 Mar 3, 2025 Mar 6, 2025 0.19532
Feb 3, 2025 Feb 3, 2025 Feb 6, 2025 0.19891
Dec 30, 2024 Dec 30, 2024 Jan 3, 2025 0.21246
Dec 2, 2024 Dec 2, 2024 Dec 5, 2024 0.20440
Nov 1, 2024 Nov 1, 2024 Nov 6, 2024 0.20493
Oct 1, 2024 Oct 1, 2024 Oct 4, 2024 0.19244
Sep 3, 2024 Sep 3, 2024 Sep 6, 2024 0.23471
Aug 1, 2024 Aug 1, 2024 Aug 6, 2024 0.21493
Jul 1, 2024 Jul 1, 2024 Jul 5, 2024 0.19670
Jun 3, 2024 Jun 3, 2024 Jun 6, 2024 0.19337
May 1, 2024 May 2, 2024 May 7, 2024 0.20408
Apr 1, 2024 Apr 2, 2024 Apr 5, 2024 0.18123
Mar 1, 2024 Mar 4, 2024 Mar 7, 2024 0.22910
Feb 1, 2024 Feb 2, 2024 Feb 7, 2024 0.23661
Dec 28, 2023 Dec 29, 2023 Jan 4, 2024 0.23017
Dec 1, 2023 Dec 4, 2023 Dec 7, 2023 0.21770
Nov 1, 2023 Nov 2, 2023 Nov 7, 2023 0.21972
Oct 2, 2023 Oct 3, 2023 Oct 6, 2023 0.21126
Sep 1, 2023 Sep 5, 2023 Sep 8, 2023 0.23175
Aug 1, 2023 Aug 2, 2023 Aug 7, 2023 0.23356
Jul 3, 2023 Jul 5, 2023 Jul 10, 2023 0.20998
Jun 1, 2023 Jun 2, 2023 Jun 7, 2023 0.25304
May 1, 2023 May 2, 2023 May 5, 2023 0.20344
Apr 3, 2023 Apr 4, 2023 Apr 7, 2023 0.03422
Mar 1, 2023 Mar 2, 2023 Mar 7, 2023 0.18270
Feb 1, 2023 Feb 2, 2023 Feb 7, 2023 0.16773
Dec 29, 2022 Dec 30, 2022 Jan 5, 2023 0.20813
Dec 1, 2022 Dec 2, 2022 Dec 7, 2022 0.25800
Nov 1, 2022 Nov 2, 2022 Nov 7, 2022 0.20454
Oct 3, 2022 Oct 4, 2022 Oct 7, 2022 0.19101
Sep 1, 2022 Sep 2, 2022 Sep 8, 2022 0.19037
Aug 1, 2022 Aug 2, 2022 Aug 5, 2022 0.20369
Jul 1, 2022 Jul 5, 2022 Jul 8, 2022 0.15390
Jun 1, 2022 Jun 2, 2022 Jun 6, 2022 0.17700
May 2, 2022 May 3, 2022 May 6, 2022 0.16580
Apr 1, 2022 Apr 4, 2022 Apr 7, 2022 0.23417

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): OAS is the yield spread between a bond or portfolio and a risk-free benchmark, typically US government securities, adjusted for the effects of embedded options. It reflects compensation for credit, liquidity, and other risks, excluding interest rate volatility.

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/