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XHYC

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF

Net asset value

$36.22

EXPENSE RATIO

0.35%

Yield to Maturity

7.95%

30-Day Sec Yield

8.52%
ALL DATA AS OF 11/30/2023, UNLESS OTHERWISE STATED. 30-DAY SEC YIELD AS OF 10/31/2023. The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance please visit the performance section of this page.

Overview

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 11/30/2023

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 $23,544,952
Shares Outstanding 650,000
Median Spread 0.65%
Premium Discount Ratio 0.23%
Closing Price as of 11/30/2023 $36.30

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 257
Number of Issuers 114
Average Coupon 6.06%
Average Maturity 4.60 Years
* 30-Day SEC Yield is as of 10/31/2023
Yield to Maturity 7.95%
Yield to Worst 7.87%
Option Adjusted Spread 320
Spread Duration 3.21
30-Day SEC Yield* 8.52%

Portfolio Breakdown

Corporate 99.2%
Cash and Equivalents 0.2%
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 $163.937B

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
Carnival Corporation 6.50 %
Royal Caribbean Group 5.53 %
Caesars Entertainment Inc New 5.01 %
NCL Corporation Ltd. 3.00 %
Hilton Domestic Operating Co Inc. 2.99 %
The Goodyear Tire & Rubber Company 2.78 %
Bath & Body Works Inc 2.59 %
MGM Resorts International 1.95 %
Live Nation Entertainment Inc. 1.73 %
International Game Technology PLC 1.66 %
Name CUSIP Market Value % of Net Assets
CAESARS ENTERTA 6.25% 07/01/25 28470RAH5 $492,182.09 2.090 %
CARNIVAL CORP 5.75% 03/01/27 143658BN1 $374,724.58 1.590 %
CARNIVAL HLDG 10.375% 05/01/28 14366RAA7 $318,130.34 1.350 %
CARNIVAL CORP 4% 08/01/28 143658BQ4 $314,651.23 1.340 %
CAESARS ENTERTAIN 7% 02/15/30 12769GAB6 $294,468.77 1.250 %
CARNIVAL CORP 6% 05/01/29 143658BR2 $265,703.65 1.130 %
CAESARS ENTERT 8.125% 07/01/27 28470RAK8 $243,349.76 1.030 %
TENNECO INC 8% 11/17/28 880349AU9 $228,701.85 0.970 %
ROYAL CARIBBEAN 5.5% 04/01/28 780153BG6 $209,477.78 0.890 %
ROYAL CARIBBE 11.625% 08/15/27 780153BL5 $201,516.87 0.860 %
WYNN LAS VEGAS L 5.5% 03/01/25 983130AV7 $200,491.24 0.850 %
CARNIVAL CORP 7.625% 03/01/26 143658BL5 $196,870.80 0.840 %
NCL CORPORATIO 5.875% 03/15/26 62886HBA8 $194,051.86 0.820 %
HILTON DOMESTI 3.625% 02/15/32 432833AN1 $180,516.44 0.770 %
LIVE NATION ENTE 6.5% 05/15/27 538034AV1 $177,604.64 0.750 %
ASTON MARTIN CA 10.5% 11/30/25 04625HAG4 $166,601.66 0.710 %
CDI ESCROW ISSU 5.75% 04/01/30 12511VAA6 $163,252.56 0.690 %
ROYAL CARIBBEAN 9.25% 01/15/29 780153BR2 $159,485.98 0.680 %
PETSMART INC/PE 7.75% 02/15/29 71677KAB4 $159,441.92 0.680 %
PETSMART INC/PE 4.75% 02/15/28 71677KAA6 $159,856.49 0.680 %
MOHEGAN TRIBAL GAM 8% 02/01/26 608328BH2 $160,003.53 0.680 %
CARNIVAL CORP 10.5% 06/01/30 143658BS0 $154,733.56 0.660 %
ZF NA CAPITAL 4.75% 04/29/25 98877DAC9 $152,226.83 0.650 %
FERTITTA ENTERT 6.75% 01/15/30 31556TAC3 $154,042.12 0.650 %
ROYAL CARIBBEAN 8.25% 01/15/29 780153BS0 $150,895.03 0.640 %
TRAVEL + LEISU 6.625% 07/31/26 98310WAS7 $150,320.34 0.640 %
CAESARS ENTERT 4.625% 10/15/29 12769GAA8 $150,495.89 0.640 %
VIKING CRUISES 5.875% 09/15/27 92676XAD9 $147,992.88 0.630 %
NMG HLDCO/NEIM 7.125% 04/01/26 62929RAC2 $147,175.90 0.630 %
CAESARS RESORT 5.75% 07/01/25 12770RAA1 $146,799.05 0.620 %
ROYAL CARIBBEAN 5.5% 08/31/26 780153BJ0 $143,178.74 0.610 %
CEDAR FAIR/CAN/M 5.5% 05/01/25 150190AF3 $140,167.69 0.600 %
RAKUTEN GROUP 10.25% 11/30/24 75102WAD0 $139,098.57 0.590 %
NCL CORPORATIO 5.875% 02/15/27 62886HBE0 $138,094.42 0.590 %
ROYAL CARIBBEA 5.375% 07/15/27 780153BK7 $139,616.57 0.590 %
HILTON DOMESTIC OPERATIN REGD 4.875% 01/15/30 432833AF8 $139,248.28 0.590 %
HILTON DOMESTIC OP 4% 05/01/31 432833AL5 $138,795.26 0.590 %
BATH & BODY WO 6.625% 10/01/30 501797AW4 $137,243.64 0.580 %
BOYD GAMING COR 4.75% 12/01/27 103304BU4 $137,541.64 0.580 %
LIFE TIME INC 5.75% 01/15/26 53190FAA3 $133,350.65 0.570 %
LAS VEGAS SANDS 3.5% 08/18/26 517834AE7 $132,747.90 0.560 %
LIVE NATION ENT 4.75% 10/15/27 538034AR0 $130,694.20 0.560 %
FERTITTA ENTER 4.625% 01/15/29 31556TAA7 $129,662.00 0.550 %
LCM INVESTMENT 4.875% 05/01/29 50190EAA2 $127,390.42 0.540 %
GOODYEAR TIRE & RU 5% 05/31/26 382550BF7 $126,077.68 0.540 %
WYNN LAS VEGAS 5.25% 05/15/27 983130AX3 $122,321.79 0.520 %
ALLISON TRANSMI 3.75% 01/30/31 019736AG2 $123,025.95 0.520 %
HANESBRANDS IN 4.875% 05/15/26 410345AL6 $120,994.06 0.510 %
NCL CORPORATIO 8.125% 01/15/29 62886HBN0 $118,311.07 0.500 %
GOODYEAR TIRE & 9.5% 05/31/25 382550BH3 $118,144.71 0.500 %
RESORTS WORLD/ 4.625% 04/16/29 76120HAA5 $117,269.43 0.500 %
BOYD GAMING COR 4.75% 06/15/31 103304BV2 $114,658.41 0.490 %
BATH & BODY WO 6.875% 11/01/35 501797AL8 $114,305.79 0.490 %
INTERNATIONAL G 6.25% 01/15/27 460599AD5 $112,486.86 0.480 %
GOODYEAR TIRE & RU 5% 07/15/29 382550BN0 $111,824.68 0.470 %
SABRE GLBL INC 8.625% 06/01/27 78573NAJ1 $111,298.02 0.470 %
ADIENT GLOBAL 4.875% 08/15/26 00687YAA3 $109,505.47 0.470 %
SIX FLAGS ENTER 7.25% 05/15/31 83001AAD4 $111,357.06 0.470 %
MGM RESORTS INT 6.75% 05/01/25 552953CG4 $107,896.24 0.460 %
VIKING CRUISES 9.125% 07/15/31 92676XAG2 $107,932.22 0.460 %
HILTON GRAND VAC B 5% 06/01/29 43284MAA6 $108,735.06 0.460 %
LSF9 ATL HLDG/V 7.75% 02/15/26 50220MAA8 $108,556.87 0.460 %
INTERNATIONAL 4.125% 04/15/26 460599AF0 $105,576.72 0.450 %
ASBURY AUTOMOT 4.625% 11/15/29 043436AW4 $103,896.41 0.440 %
HILTON DOMESTIC 3.75% 05/01/29 432833AJ0 $103,750.97 0.440 %
ROYAL CARIBBEAN 7.25% 01/15/30 780153BT8 $104,678.39 0.440 %
SC GAMES HOLDI 6.625% 03/01/30 80874DAA4 $103,093.01 0.440 %
LIGHT & WONDER INT 7% 05/15/28 80874YBC3 $102,509.09 0.440 %
LITHIA MOTORS 3.875% 06/01/29 536797AG8 $103,217.99 0.440 %
CINEMARK USA IN 5.25% 07/15/28 172441BF3 $102,241.92 0.430 %
INTERNATIONAL G 5.25% 01/15/29 460599AE3 $101,215.31 0.430 %
HOWARD HUGHES 5.375% 08/01/28 44267DAD9 $102,343.54 0.430 %
UNIVERSAL ENTERT S/UP 12/11/24 91349WAB4 $100,693.49 0.430 %
MICHAELS COS I 7.875% 05/01/29 55916AAB0 $101,917.04 0.430 %
JAGUAR LAND ROV 7.75% 10/15/25 47010BAJ3 $102,067.98 0.430 %
GROUP 1 AUTOMOTIVE 4% 08/15/28 398905AN9 $97,754.22 0.420 %
MGM RESORTS INT 4.75% 10/15/28 552953CH2 $97,851.99 0.420 %
KENNEDY-WILSON 4.75% 02/01/30 489399AN5 $95,595.61 0.410 %
WYNN RESORTS F 5.125% 10/01/29 983133AA7 $97,368.86 0.410 %
SALLY HOLDINGS 5.625% 12/01/25 79546VAL0 $95,557.58 0.410 %
GOODYEAR TIRE 4.875% 03/15/27 382550BG5 $95,531.55 0.410 %
LAS VEGAS SANDS 3.9% 08/08/29 517834AF4 $96,951.81 0.410 %
MGM RESORTS INT 5.75% 06/15/25 552953CE9 $97,046.70 0.410 %
AMC ENTERTAINMEN 7.5% 02/15/29 00165CBA1 $96,110.69 0.410 %
MIDWEST GMNG B 4.875% 05/01/29 59833DAB6 $95,836.17 0.410 %
MGM RESORTS INTL 5.5% 04/15/27 552953CF6 $95,734.13 0.410 %
NORDSTROM INC 5% 01/15/44 655664AR1 $94,948.37 0.400 %
CARNIVAL CORP 9.875% 08/01/27 143658BJ0 $94,920.29 0.400 %
SEAWORLD PARKS 5.25% 08/15/29 81282UAG7 $95,179.60 0.400 %
VOC ESCROW LTD 5% 02/15/28 91832VAA2 $94,898.76 0.400 %
CHURCHILL DOWNS 4.75% 01/15/28 171484AE8 $94,836.61 0.400 %
NCL CORPORATIO 8.375% 02/01/28 62886HBL4 $91,421.58 0.390 %
MICHAELS COS IN 5.25% 05/01/28 55916AAA2 $90,477.58 0.380 %
TRAVEL + LEISURE 4.5% 12/01/29 894164AA0 $90,491.63 0.380 %
GAP INC/THE 3.625% 10/01/29 364760AP3 $88,813.56 0.380 %
WYNN RESORTS F 7.125% 02/15/31 983133AC3 $86,465.74 0.370 %
FIVE POINT OP 7.875% 11/15/25 33834YAA6 $87,516.16 0.370 %
RAKUTEN GROUP INC V/R /PERP/ 75102WAB4 $86,048.42 0.370 %
ROYAL CARIBBEAN 4.25% 07/01/26 780153BH4 $86,895.48 0.370 %
STATION CASINOS 4.5% 02/15/28 857691AG4 $88,173.60 0.370 %
ZF NA CAPITAL 7.125% 04/14/30 98877DAE5 $88,096.73 0.370 %
CUSHMAN & WAKEF 6.75% 05/15/28 23166MAA1 $86,809.45 0.370 %
HANESBRANDS INC 9% 02/15/31 410345AQ5 $87,310.24 0.370 %
BOYNE USA INC 4.75% 05/15/29 103557AC8 $87,959.64 0.370 %
ZF NA CAPITAL 6.875% 04/14/28 98877DAD7 $87,027.22 0.370 %
CHURCHILL DOWNS 6.75% 05/01/31 171484AJ7 $84,104.53 0.360 %
METIS MERGER SUB 6.5% 05/15/29 59155LAA0 $85,724.79 0.360 %
GAP INC/THE 3.875% 10/01/31 364760AQ1 $85,281.56 0.360 %
VAIL RESORTS IN 6.25% 05/15/25 91879QAL3 $85,054.81 0.360 %
CHURCHILL DOWNS 5.5% 04/01/27 171484AG3 $83,838.43 0.360 %
HILTON WORLDWI 4.875% 04/01/27 432891AK5 $83,414.32 0.350 %
BATH & BODY WOR 6.75% 07/01/36 501797AM6 $81,491.38 0.350 %
GOODYEAR TIRE & 5.25% 07/15/31 382550BR1 $81,692.17 0.350 %
NCL CORPORATION 7.75% 02/15/29 62886HBG5 $82,511.97 0.350 %
LIGHT & WONDER I 7.5% 09/01/31 531968AA3 $82,859.41 0.350 %
NCL CORPORATIO 3.625% 12/15/24 62886HAP6 $82,630.65 0.350 %
ANYWHERE REAL EST/ 7% 04/15/30 75606DAS0 $78,942.54 0.340 %
MCLAREN FINANCE 7.5% 08/01/26 58175LAA8 $80,248.71 0.340 %
QVC INC 4.45% 02/15/25 747262AU7 $80,025.34 0.340 %
HOWARD HUGHES 4.125% 02/01/29 44267DAE7 $80,223.54 0.340 %
UNDER ARMOUR IN 3.25% 06/15/26 904311AA5 $81,020.23 0.340 %
GATES GLOBAL/GA 6.25% 01/15/26 36740LAA0 $81,078.89 0.340 %
BATH & BODY WORK 7.5% 06/15/29 501797AR5 $79,658.88 0.340 %
HOWARD HUGHES 4.375% 02/01/31 44267DAF4 $80,310.47 0.340 %
PREMIER ENTERT 5.625% 09/01/29 74052HAA2 $79,043.31 0.340 %
ADIENT GLOBAL HOLD 7% 04/15/28 00687YAB1 $76,922.73 0.330 %
SONIC AUTOMOTI 4.625% 11/15/29 83545GBD3 $77,805.93 0.330 %
HUNT COS INC 5.25% 04/15/29 445587AE8 $78,763.42 0.330 %
PENSKE AUTOMOTIV 3.5% 09/01/25 70959WAJ2 $77,819.97 0.330 %
PREMIER ENTERT 5.875% 09/01/31 74052HAB0 $77,775.62 0.330 %
JAGUAR LAND RO 5.875% 01/15/28 47010BAK0 $74,785.17 0.320 %
ASBURY AUTOMOTIVE 5% 02/15/32 043436AX2 $75,259.76 0.320 %
EVERGREEN ACQCO 9.75% 04/26/28 30015DAA9 $75,761.14 0.320 %
CARNIVAL CORP 7% 08/15/29 143658BW1 $72,956.19 0.310 %
SABRE GLBL INC 11.25% 12/15/27 78573NAH5 $71,893.30 0.310 %
CEDAR FAIR/CAN 5.375% 04/15/27 150190AB2 $73,715.90 0.310 %
LAS VEGAS SANDS 2.9% 06/25/25 517834AH0 $72,333.13 0.310 %
VIKING CRUISES LTD 7% 02/15/29 92676XAF4 $73,431.08 0.310 %
MERLIN ENTERTAI 5.75% 06/15/26 59010QAB2 $72,434.80 0.310 %
ADIENT GLOBAL H 8.25% 04/15/31 00687YAC9 $71,952.51 0.310 %
BENTELER INTERN 10.5% 05/15/28 08263DAA4 $72,471.38 0.310 %
LCM INVESTMENTS 8.25% 08/01/31 50190EAC8 $72,414.38 0.310 %
REAL HERO MERGE 6.25% 02/01/29 75602BAA7 $70,648.84 0.300 %
MARRIOTT OWNERSH 4.5% 06/15/29 57164PAH9 $70,727.05 0.300 %
HILTON DOMESTI 5.375% 05/01/25 432833AG6 $69,994.88 0.300 %
AMERICAN AXLE & MF 5% 10/01/29 02406PBB5 $71,111.96 0.300 %
ALLISON TRANSM 5.875% 06/01/29 019736AF4 $69,732.26 0.300 %
VICTORIA'S SEC 4.625% 07/15/29 926400AA0 $70,545.82 0.300 %
CEDAR FAIR LP 5.25% 07/15/29 150190AE6 $70,118.83 0.300 %
AFFINITY INTER 6.875% 12/15/27 00842XAA7 $69,708.81 0.300 %
HILTON DOMESTIC 5.75% 05/01/28 432833AH4 $71,343.17 0.300 %
LITHIA MOTORS 4.375% 01/15/31 536797AF0 $70,322.65 0.300 %
INTERNATIONAL GA 6.5% 02/15/25 460599AC7 $71,376.01 0.300 %
DEALER TIRE LLC/DT 8% 02/01/28 24229JAA1 $68,298.42 0.290 %
GUITAR CENTER IN 8.5% 01/15/26 40204BAA3 $68,034.09 0.290 %
WILLIAM CARTER 5.625% 03/15/27 96926JAC1 $68,774.59 0.290 %
GOODYEAR TIRE & 5.25% 04/30/31 382550BJ9 $68,926.43 0.290 %
ROYAL CARIBBEAN 3.7% 03/15/28 780153AW2 $67,697.81 0.290 %
LIGHT & WONDER 7.25% 11/15/29 80874YBE9 $69,445.20 0.290 %
RAKUTEN GROUP INC V/R /PERP/ 75102WAA6 $68,498.67 0.290 %
SIX FLAGS ENTERT 5.5% 04/15/27 83001AAC6 $67,463.39 0.290 %
LIFE TIME INC 8% 04/15/26 53190FAC9 $65,713.52 0.280 %
QVC INC 4.75% 02/15/27 747262AY9 $64,748.79 0.280 %
WYNDHAM HOTELS 4.375% 08/15/28 98311AAB1 $65,386.12 0.280 %
NCL FINANCE LT 6.125% 03/15/28 62888HAA7 $66,319.55 0.280 %
JAGUAR LAND ROVE 4.5% 10/01/27 47010BAF1 $65,246.30 0.280 %
BATH & BODY WOR 5.25% 02/01/28 501797AN4 $65,603.85 0.280 %
MACY'S RETAIL 5.875% 04/01/29 55617LAP7 $66,541.42 0.280 %
EAGLE INT GLO/EA 7.5% 05/01/25 26963PAA2 $64,080.00 0.270 %
JACOBS ENTERTAI 6.75% 02/15/29 469815AK0 $64,172.50 0.270 %
NORDSTROM INC 4.375% 04/01/30 655664AT7 $64,639.90 0.270 %
WOLVERINE WORLD WI 4% 08/15/29 978097AG8 $62,653.42 0.270 %
SONIC AUTOMOTI 4.875% 11/15/31 83545GBE1 $63,310.33 0.270 %
STATION CASINO 4.625% 12/01/31 857691AH2 $63,785.63 0.270 %
LIVE NATION ENT 3.75% 01/15/28 538034AX7 $64,481.67 0.270 %
AMERICAN AXLE & 6.5% 04/01/27 02406PAU4 $63,447.58 0.270 %
AMERICAN AXLE 6.875% 07/01/28 02406PBA7 $60,781.17 0.260 %
PENSKE AUTOMOTI 3.75% 06/15/29 70959WAK9 $61,965.46 0.260 %
CUSHMAN & WAKE 8.875% 09/01/31 23166MAC7 $61,626.61 0.260 %
UPBOUND GROUP 6.375% 02/15/29 76009NAL4 $60,457.53 0.260 %
THOR INDUSTRIES 4% 10/15/29 885160AA9 $60,515.98 0.260 %
HILTON GRAND V 4.875% 07/01/31 43284MAB4 $60,245.68 0.260 %
KENNEDY-WILSON INC 5% 03/01/31 489399AM7 $61,109.52 0.260 %
REALOGY GROUP/C 5.75% 01/15/29 75606DAL5 $61,807.94 0.260 %
ONTARIO GAMING GTA 8% 08/01/30 68306MAA7 $62,247.41 0.260 %
GRUBHUB HOLDINGS 5.5% 07/01/27 40010PAA6 $62,080.63 0.260 %
GREYSTAR REAL E 7.75% 09/01/30 39807UAD8 $62,371.67 0.260 %
LEVI STRAUSS & C 3.5% 03/01/31 52736RBJ0 $59,283.70 0.250 %
GENTING NY LLC/G 3.3% 02/15/26 37255JAA0 $59,465.30 0.250 %
NORDSTROM INC 4% 03/15/27 655664AS9 $57,918.55 0.250 %
FULL HOUSE RESO 8.25% 02/15/28 359678AC3 $58,184.08 0.250 %
MGM RESORTS IN 4.625% 09/01/26 552953CD1 $58,351.45 0.250 %
JAGUAR LAND ROVE 5.5% 07/15/29 47010BAM6 $59,182.32 0.250 %
G-III APPAREL 7.875% 08/15/25 36237HAA9 $59,083.71 0.250 %
ASBURY AUTOMOTI 4.75% 03/01/30 043436AV6 $59,083.95 0.250 %
FORESTAR GROUP 3.85% 05/15/26 346232AF8 $58,800.29 0.250 %
DANA INC 5.625% 06/15/28 235825AG1 $57,804.81 0.250 %
CINEMARK USA I 5.875% 03/15/26 172441BD8 $59,002.97 0.250 %
ACADEMY LTD 6% 11/15/27 00401YAA8 $56,797.18 0.240 %
PENN ENTERTAIN 4.125% 07/01/29 707569AV1 $56,825.88 0.240 %
ODEON FINCO PL 12.75% 11/01/27 67585LAA3 $56,080.10 0.240 %
DANA INC 5.375% 11/15/27 235825AF3 $56,186.52 0.240 %
KOHL'S CORPORA 4.625% 05/01/31 500255AX2 $52,996.98 0.230 %
CARNIVAL CORP 5.75% 03/01/27 143658BN1 $53,118.18 0.230 %
MACY'S RETAIL 6.125% 03/15/32 55617LAR3 $54,625.83 0.230 %
CASH CASH $54,017.04 0.230 %
SIX FLAGS THEME PA 7% 07/01/25 83001WAC8 $54,770.02 0.230 %
MACY'S RETAIL 5.875% 03/15/30 55617LAQ5 $55,241.57 0.230 %
DANA INC 4.25% 09/01/30 235825AH9 $53,320.00 0.230 %
EVERI HOLDINGS INC 5% 07/15/29 30034TAA1 $52,880.45 0.220 %
ALLISON TRANSMI 4.75% 10/01/27 019736AE7 $52,349.14 0.220 %
GOODYEAR TIRE 5.625% 04/30/33 382550BK6 $51,105.87 0.220 %
KONTOOR BRANDS 4.125% 11/15/29 50050NAA1 $51,232.26 0.220 %
KEN GARFF AUTO 4.875% 09/15/28 48850PAA2 $52,291.44 0.220 %
ASBURY AUTOMOTIV 4.5% 03/01/28 043436AU8 $51,253.48 0.220 %
QVC INC 4.375% 09/01/28 747262AZ6 $51,519.46 0.220 %
RESORTS WORLD/R 8.45% 07/27/30 76120HAD9 $50,957.40 0.220 %
LINDBLAD EXPEDITIO 9% 05/15/28 535219AA7 $50,694.85 0.220 %
CROCS INC 4.25% 03/15/29 227046AA7 $48,655.32 0.210 %
BATH & BODY WO 9.375% 07/01/25 501797AU8 $48,814.49 0.210 %
KOHL'S CORPORAT 4.25% 07/17/25 500255AU8 $48,931.47 0.210 %
RAPTOR ACQ/RAP 4.875% 11/01/26 75383KAA2 $49,675.17 0.210 %
LITHIA MOTORS 4.625% 12/15/27 536797AE3 $47,572.13 0.200 %
NORDSTROM INC 4.25% 08/01/31 655664AY6 $48,263.80 0.200 %
FOOT LOCKER INC 4% 10/01/29 344849AA2 $48,064.45 0.200 %
MACY'S RETAIL HL 4.5% 12/15/34 55616XAM9 $45,998.40 0.200 %
PENN ENTERTAIN 5.625% 01/15/27 707569AS8 $43,803.90 0.190 %
REALOGY GROUP/C 5.25% 04/15/30 75606DAQ4 $44,246.98 0.190 %
KENNEDY-WILSON 4.75% 03/01/29 489399AL9 $43,970.31 0.190 %
TRAVEL + LEISU 4.625% 03/01/30 98310WAQ1 $45,229.47 0.190 %
LINDBLAD EXPEDI 6.75% 02/15/27 53523LAA8 $42,808.87 0.180 %
BATH & BODY WO 6.694% 01/15/27 501797AQ7 $41,216.54 0.180 %
VIKING OCEAN C 5.625% 02/15/29 92682RAA0 $39,574.82 0.170 %
CROCS INC 4.125% 08/15/31 227046AB5 $39,022.73 0.170 %
RESORTS WORLD/ 4.625% 04/06/31 76120HAC1 $38,986.63 0.170 %
TRAVEL + LEISURE 6.6% 10/01/25 98310WAM0 $40,356.86 0.170 %
SPEEDWAY MOT/S 4.875% 11/01/27 84779MAA2 $39,282.12 0.170 %
GOLDEN ENTERTA 7.625% 04/15/26 381013AA9 $40,503.52 0.170 %
WINNEBAGO INDUS 6.25% 07/15/28 974637AC4 $37,358.22 0.160 %
KOHL'S CORPORAT 5.55% 07/17/45 500255AV6 $37,945.75 0.160 %
CEDAR FAIR/CAN/M 6.5% 10/01/28 150190AK2 $36,878.58 0.160 %
BATH & BODY WOR 6.95% 03/01/33 532716AK3 $38,128.21 0.160 %
COBRA ACQUISIT 6.375% 11/01/29 19106CAA4 $36,828.13 0.160 %
ROYAL CARIBBEAN 7.5% 10/15/27 780153AG7 $38,607.11 0.160 %
DANA INC 4.5% 02/15/32 235825AJ5 $35,854.45 0.150 %
MOTION BONDCO 6.625% 11/15/27 61978XAA5 $36,147.46 0.150 %
LIVE NATION EN 5.625% 03/15/26 538034AN9 $36,464.76 0.150 %
MARRIOTT OWNERS 4.75% 01/15/28 57164PAF3 $35,634.01 0.150 %
EMPIRE RESORTS 7.75% 11/01/26 292052AF4 $32,670.25 0.140 %
FORESTAR GROUP INC 5% 03/01/28 346232AE1 $32,857.77 0.140 %
QVC INC 5.45% 08/15/34 747262AW3 $33,012.99 0.140 %
SUGAR HSP GMNG 5.875% 05/15/25 865033AC8 $31,503.08 0.130 %
CCM MERGER INC 6.375% 05/01/26 14985VAE1 $30,917.23 0.130 %
NORDSTROM INC 6.95% 03/15/28 655664AH3 $28,754.66 0.120 %
MACY'S RETAIL 5.125% 01/15/42 55616XAG2 $23,927.35 0.100 %
QVC INC 5.95% 03/15/43 747262AM5 $19,626.52 0.080 %
MACY'S RETAIL HL 4.3% 02/15/43 55616XAJ6 $19,302.48 0.080 %
AT HOME GROUP 4.875% 07/15/28 04650YAA8 $11,735.17 0.050 %
As of 11/30/2023 and subject to change.

Performance

Growth Of $10,000 Since Inception

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

Distributions

Ex-Date Record Date Pay Date Distribution Paid
(Per Share)
Dec 1, 2023 Dec 4, 2023 Dec 7, 2023 0.21770
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

Market Price: Inception date for Market Price Calculation is as of 9/13/22. Market Returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.

NAV: Inception date for NAV calculation is as of 9/13/22.

Number of Countries: The number of unique countries that have issued bonds represented in the fund.

Spread to Worst: Spread to worst is a bond’s yield to worst minus the yield at a point on the fair value government yield curve that corresponds to the bond’s expected redemption date.

NAV: Inception date for NAV calculation is as of 2/15/22.

Premium Discount disclosure to be added here.

Index disclosure to be added here.

Market Price: Inception date for Market Price Calculation is as of 2/17/22. Market Returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.

Total return disclosure to be added here.

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

Index Market Cap represents aggregate market value of bonds in the underlying index.

The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made per the past twelve months.

30 Day SEC Yield: A standard calculation of yield introduced by the SEC in order to provide fairer comparison among funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the Fund’s expenses for the period. It does not reflect the yield an investor would have received if they had held the Fund over the last twelve months assuming the most recent NAV. Distributions may vary from time to time.

Spread Duration is a measure of the potential responsiveness of a bond or portfolio price to small parallel shifts in interest rates.

The values shown are based off of a price provided by the Fund’s third-party index provider, using the bid price for each security (the “index price”). Because the Fund values its securities at the midpoint between the bid and ask prices for most securities, the index price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). The values shown may have been different if the valuation price were to have been used to calculate such values. The index price is as of the most recent date for which a price is available, and may not necessarily be as of the date shown above.

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

The values shown are based off of a price provided by the Fund’s third-party index provider, using the bid price for each security (the “index price”). Because the Fund values its securities at the midpoint between the bid and ask prices for most securities, the index price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). The values shown may have been different if the valuation price were to have been used to calculate such values. The index price is as of the most recent date for which a price is available, and may not necessarily be as of the date shown above.

Yield to Worst: The bond yield computed by using the lower of either the yield to maturity or the yield to call on every possible call date.

The values shown are based off of a price provided by the Fund’s third-party index provider, using the bid price for each security (the “index price”). Because the Fund values its securities at the midpoint between the bid and ask prices for most securities, the index price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). The values shown may have been different if the valuation price were to have been used to calculate such values. The index price is as of the most recent date for which a price is available, and may not necessarily be as of the date shown above.

Yield to Maturity: The discount rate that equates the present value of a bond’s cash flows with its market price (including accrued interest). The Fund Average Yield to Maturity is the weighted average of the fund’s individual bond holding yields based on Net Asset Value (‘NAV’). The measure does not include fees and expenses. For callable bonds, this yield is the yield-to-worst.

The values shown are based off of a price provided by the Fund’s third-party index provider, using the bid price for each security (the “index price”). Because the Fund values its securities at the midpoint between the bid and ask prices for most securities, the index price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). The values shown may have been different if the valuation price were to have been used to calculate such values. The index price is as of the most recent date for which a price is available, and may not necessarily be as of the date shown above.

Average Maturity: The average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

Average Coupon: The average coupon rate of the underlying bonds in the fund, weighted by each bond’s face value.

Number of Issuers: The number of unique companies that have issued bonds represented in the fund (distinct from the number of issues from a company).

Expense Ratio: As stated in the Fund’s current prospectus.

Acquired Fund Fees and Expenses (“AFFE”) reflect the Fund’s pro rata share of the indirect fees and expenses incurred by investing in one or more acquired funds, such as mutual funds, business development companies, or other pooled investment vehicles. AFFE are reflected in the prices of the acquired funds and thus included in the total returns of the Fund.

NAIC Rating: Property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. An NAIC Designation is a proprietary symbol used by the NAIC Securities Valuation Office (SVO) to denote a category or band of credit risk (i.e., the likelihood of repayment in accordance with a written contract) for an issuer or for a security. NAIC Designations may be notched up or down to reflect the position of a specific liability in the issuer’s capital structure and/or the existence of other non-payment risk in the specific security. Under NAIC reporting rules, shares of an ETF are presumed to be reportable as common stock. The SVO may classify an ETF as a bond or preferred stock and assign it an NAIC Designation if it meets defined criteria. For a discussion of these criteria please call the SVO or refer to the Purposes and Procedures Manual of the NAIC Investment Analysis Office. The assignment of an NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

The Securities Valuation Office (“SVO”) of the National Association of Insurance Commissioners (“NAIC”) assesses the credit quality of fixed income securities owned by state-regulated insurance companies and assigns appropriate NAIC designations, ranging from the highest quality of “1” to the lowest of “6.”  For more information visit https://content.naic.org/