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XHYC

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF

Net asset value

$37.45

EXPENSE RATIO

0.35%

Yield to Maturity

7.11%

30-Day Sec Yield

6.78%
ALL DATA AS OF 07/19/2024, UNLESS OTHERWISE STATED. 30-DAY SEC YIELD AS OF 06/28/2024. 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 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 07/19/2024

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 $63,669,247
Shares Outstanding 1,700,000
Median Spread 0.38%
Premium Discount Ratio 0.13%
Closing Price as of 07/19/2024 $37.50

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 260
Number of Issuers 116
Average Coupon 6.19%
Average Maturity 4.63 Years
* 30-Day SEC Yield is as of 06/28/2024
Yield to Maturity 7.11%
Yield to Worst 0.03%
Option Adjusted Spread 230
Spread Duration 2.91
30-Day SEC Yield* 6.78%

Portfolio Breakdown

Corporate 98.9%
Cash and Equivalents 0.7%
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 $174.376B

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 5.81 %
Royal Caribbean Group 4.64 %
Caesars Entertainment Inc New 3.71 %
Rakuten Group Inc. 3.30 %
Hilton Domestic Operating Co Inc. 3.18 %
NCL Corporation Ltd. 2.61 %
Bath & Body Works Inc 2.36 %
Goodyear Tire & Rubber Co. The 2.24 %
Live Nation Entertainment Inc. 1.67 %
ZF North America Capital Inc. 1.63 %
Name CUSIP Market Value % of Net Assets
CARNIVAL CORP 5.75% 03/01/27 143658BN1 $994,986.48 1.560 %
CARNIVAL CORP 4% 08/01/28 143658BQ4 $857,629.03 1.350 %
CARNIVAL HLDG 10.375% 05/01/28 14366RAA7 $829,100.52 1.300 %
CAESARS ENTERTAIN 7% 02/15/30 12769GAB6 $776,444.36 1.220 %
RAKUTEN GROUP I 9.75% 04/15/29 75102WAK4 $772,711.35 1.210 %
RAKUTEN GROUP 11.25% 02/15/27 75102WAG3 $760,028.49 1.190 %
CARNIVAL CORP 6% 05/01/29 143658BR2 $745,500.16 1.170 %
TENNECO INC 8% 11/17/28 880349AU9 $671,771.41 1.060 %
CAESARS ENTERT 8.125% 07/01/27 28470RAK8 $615,746.85 0.970 %
CLARIOS GLOBAL L 8.5% 05/15/27 69867DAC2 $593,921.87 0.930 %
CAESARS ENTERTAI 6.5% 02/15/32 12769GAC4 $575,971.30 0.900 %
ROYAL CARIBBEAN 5.5% 04/01/28 780153BG6 $547,990.18 0.860 %
NCL CORPORATIO 5.875% 03/15/26 62886HBA8 $524,993.96 0.820 %
CARNIVAL CORP 7.625% 03/01/26 143658BL5 $516,145.42 0.810 %
WAND NEWCO 3 I 7.625% 01/30/32 933940AA6 $496,830.33 0.780 %
HILTON DOMESTI 3.625% 02/15/32 432833AN1 $473,516.99 0.740 %
CASH CASH $463,129.12 0.730 %
ROYAL CARIBBEAN 6.25% 03/15/32 780153BU5 $464,503.58 0.730 %
LIVE NATION ENTE 6.5% 05/15/27 538034AV1 $442,781.47 0.700 %
PETSMART INC/PE 4.75% 02/15/28 71677KAA6 $423,469.27 0.670 %
MOHEGAN TRIBAL GAM 8% 02/01/26 608328BH2 $426,009.30 0.670 %
PETSMART INC/PE 7.75% 02/15/29 71677KAB4 $429,707.89 0.670 %
CHURCHILL DOWNS 5.75% 04/01/30 12511VAA6 $425,361.61 0.670 %
NMG HLDCO/NEIM 7.125% 04/01/26 62929RAC2 $421,398.79 0.660 %
CARNIVAL CORP 10.5% 06/01/30 143658BS0 $407,136.78 0.640 %
ROYAL CARIBBEAN 9.25% 01/15/29 780153BR2 $396,202.56 0.620 %
CAESARS ENTERT 4.625% 10/15/29 12769GAA8 $397,568.62 0.620 %
FERTITTA ENTERT 6.75% 01/15/30 31556TAC3 $390,716.91 0.610 %
ROYAL CARIBBEAN 5.5% 08/31/26 780153BJ0 $380,826.22 0.600 %
NCL CORPORATIO 5.875% 02/15/27 62886HBE0 $376,508.79 0.590 %
WYNN RESORTS F 7.125% 02/15/31 983133AC3 $376,052.63 0.590 %
HILTON DOMESTIC OP 4% 05/01/31 432833AL5 $371,922.78 0.580 %
BOYD GAMING COR 4.75% 12/01/27 103304BU4 $370,583.41 0.580 %
ASTON MARTIN CAPI 10% 03/31/29 04625HAJ8 $365,422.58 0.570 %
HILTON DOMESTIC OPERATIN REGD 4.875% 01/15/30 432833AF8 $357,808.68 0.560 %
HILTON GRAND V 6.625% 01/15/32 43283QAC4 $350,379.29 0.550 %
LCM INVESTMENT 4.875% 05/01/29 50190EAA2 $348,329.98 0.550 %
RESORTS WORLD/ 4.625% 04/16/29 76120HAA5 $351,591.42 0.550 %
LIFE TIME INC 5.75% 01/15/26 53190FAA3 $342,170.49 0.540 %
LIVE NATION ENT 4.75% 10/15/27 538034AR0 $346,095.68 0.540 %
FERTITTA ENTER 4.625% 01/15/29 31556TAA7 $344,825.47 0.540 %
LCM INVESTMENTS 8.25% 08/01/31 50190EAC8 $344,200.56 0.540 %
ROYAL CARIBBEA 5.375% 07/15/27 780153BK7 $334,991.73 0.530 %
ALLISON TRANSMI 3.75% 01/30/31 019736AG2 $337,110.93 0.530 %
RAKUTEN GROUP INC V/R /PERP/ 75102WAB4 $335,356.10 0.530 %
WYNN LAS VEGAS 5.25% 05/15/27 983130AX3 $330,530.26 0.520 %
CLARIOS GLOBAL 6.25% 05/15/26 69867DAA6 $329,237.58 0.520 %
SABRE GLBL INC 8.625% 06/01/27 78573NAJ1 $326,882.85 0.510 %
BATH & BODY WO 6.875% 11/01/35 501797AL8 $325,154.91 0.510 %
HANESBRANDS IN 4.875% 05/15/26 410345AL6 $324,554.91 0.510 %
BATH & BODY WO 6.625% 10/01/30 501797AW4 $322,766.20 0.510 %
SIX FLAGS ENTER 7.25% 05/15/31 83001AAD4 $322,829.44 0.510 %
GOODYEAR TIRE & RU 5% 05/31/26 382550BF7 $319,763.88 0.500 %
GARRETT MOTION 7.75% 05/31/32 366504AA6 $309,067.28 0.490 %
NCL CORPORATIO 8.125% 01/15/29 62886HBN0 $308,112.09 0.480 %
SIX FLAGS ENTE 6.625% 05/01/32 83002YAA7 $303,378.91 0.480 %
ZF NA CAPITAL 6.75% 04/23/30 98877DAF2 $297,123.76 0.470 %
GOODYEAR TIRE & RU 5% 07/15/29 382550BN0 $297,558.56 0.470 %
HILTON GRAND VAC B 5% 06/01/29 43284MAA6 $297,731.81 0.470 %
VIKING CRUISES 9.125% 07/15/31 92676XAG2 $294,442.66 0.460 %
WYNN RESORTS F 5.125% 10/01/29 983133AA7 $290,939.92 0.460 %
VIKING CRUISES 5.875% 09/15/27 92676XAD9 $288,506.13 0.450 %
ASBURY AUTOMOT 4.625% 11/15/29 043436AW4 $284,409.93 0.450 %
NORDSTROM INC 5% 01/15/44 655664AR1 $286,520.11 0.450 %
BOYD GAMING COR 4.75% 06/15/31 103304BV2 $287,980.14 0.450 %
SC GAMES HOLDI 6.625% 03/01/30 80874DAA4 $282,251.26 0.440 %
INTERNATIONAL G 6.25% 01/15/27 460599AD5 $277,264.65 0.440 %
VICTRA HLDG/VIC 7.75% 02/15/26 50220MAA8 $277,831.33 0.440 %
ADIENT GLOBAL 4.875% 08/15/26 00687YAA3 $282,421.70 0.440 %
CINEMARK USA IN 5.25% 07/15/28 172441BF3 $276,468.41 0.430 %
LITHIA MOTORS 3.875% 06/01/29 536797AG8 $276,007.22 0.430 %
HOWARD HUGHES 5.375% 08/01/28 44267DAD9 $276,342.38 0.430 %
JAGUAR LAND ROV 7.75% 10/15/25 47010BAJ3 $271,850.09 0.430 %
ROYAL CARIBBEAN 7.25% 01/15/30 780153BT8 $271,509.93 0.430 %
MGM RESORTS INTL 6.5% 04/15/32 552953CJ8 $270,742.64 0.430 %
MGM RESORTS INT 4.75% 10/15/28 552953CH2 $273,214.68 0.430 %
INTERNATIONAL 4.125% 04/15/26 460599AF0 $276,704.72 0.430 %
INTERNATIONAL G 5.25% 01/15/29 460599AE3 $274,017.82 0.430 %
ZF NA CAPITAL 6.875% 04/23/32 98877DAG0 $275,841.95 0.430 %
MIDWEST GMNG B 4.875% 05/01/29 59833DAB6 $268,277.21 0.420 %
LIGHT & WONDER INT 7% 05/15/28 80874YBC3 $267,481.27 0.420 %
SEAWORLD PARKS 5.25% 08/15/29 81282UAG7 $266,461.77 0.420 %
GOODYEAR TIRE 4.875% 03/15/27 382550BG5 $258,794.22 0.410 %
VOC ESCROW LTD 5% 02/15/28 91832VAA2 $259,513.74 0.410 %
TRAVEL + LEISU 6.625% 07/31/26 98310WAS7 $251,832.15 0.400 %
HILTON DOMESTIC 3.75% 05/01/29 432833AJ0 $257,487.22 0.400 %
AMC ENTERTAINMEN 7.5% 02/15/29 00165CBA1 $253,201.93 0.400 %
MICHAELS COS I 7.875% 05/01/29 55916AAB0 $254,752.46 0.400 %
MAVIS TIRE EXPRE 6.5% 05/15/29 59155LAA0 $254,216.42 0.400 %
HANESBRANDS INC 9% 02/15/31 410345AQ5 $246,411.90 0.390 %
BOYNE USA INC 4.75% 05/15/29 103557AC8 $245,940.85 0.390 %
CHURCHILL DOWNS 4.75% 01/15/28 171484AE8 $250,900.32 0.390 %
CUSHMAN & WAKEF 6.75% 05/15/28 23166MAA1 $249,727.03 0.390 %
GAP INC/THE 3.625% 10/01/29 364760AP3 $245,185.33 0.390 %
STATION CASINOS 4.5% 02/15/28 857691AG4 $249,233.97 0.390 %
MICHAELS COS IN 5.25% 05/01/28 55916AAA2 $244,991.24 0.380 %
MGM RESORTS INTL 5.5% 04/15/27 552953CF6 $240,158.97 0.380 %
COUGAR JV SUBSIDIA 8% 05/15/32 22208WAA1 $244,412.26 0.380 %
GROUP 1 AUTOMOTIVE 4% 08/15/28 398905AN9 $243,431.28 0.380 %
ZF NA CAPITAL 7.125% 04/14/30 98877DAE5 $239,542.65 0.380 %
ROYAL CARIBBEAN 4.25% 07/01/26 780153BH4 $234,415.76 0.370 %
PREMIER ENTERT 5.625% 09/01/29 74052HAA2 $234,914.49 0.370 %
GAP INC/THE 3.875% 10/01/31 364760AQ1 $236,572.36 0.370 %
RAKUTEN GROUP INC V/R /PERP/ 75102WAA6 $234,862.08 0.370 %
VAIL RESORTS INC 6.5% 05/15/32 91879QAP4 $232,474.50 0.370 %
NCL CORPORATIO 8.375% 02/01/28 62886HBL4 $235,796.18 0.370 %
CHURCHILL DOWNS 6.75% 05/01/31 171484AJ7 $231,950.81 0.360 %
SALLY HOLDINGS/ 6.75% 03/01/32 79546VAQ9 $230,105.18 0.360 %
TRAVEL + LEISURE 4.5% 12/01/29 894164AA0 $229,589.14 0.360 %
CHURCHILL DOWNS 5.5% 04/01/27 171484AG3 $227,213.89 0.360 %
STAPLES INC 12.75% 01/15/30 855030AS1 $230,433.79 0.360 %
PENSKE AUTOMOTIV 3.5% 09/01/25 70959WAJ2 $228,471.80 0.360 %
LIGHT & WONDER I 7.5% 09/01/31 531968AA3 $225,752.17 0.350 %
ZF NA CAPITAL 6.875% 04/14/28 98877DAD7 $225,205.48 0.350 %
HUNT COS INC 5.25% 04/15/29 445587AE8 $224,598.05 0.350 %
NCL CORPORATION 7.75% 02/15/29 62886HBG5 $222,803.85 0.350 %
CHAMPIONS FINAN 8.75% 02/15/29 15870LAA6 $219,935.55 0.350 %
UNDER ARMOUR IN 3.25% 06/15/26 904311AA5 $219,972.19 0.350 %
SONIC AUTOMOTI 4.625% 11/15/29 83545GBD3 $221,088.70 0.350 %
HILTON DOMESTI 5.875% 04/01/29 432833AP6 $220,995.75 0.350 %
HILTON WORLDWI 4.875% 04/01/27 432891AK5 $220,318.01 0.350 %
HOWARD HUGHES 4.375% 02/01/31 44267DAF4 $217,143.48 0.340 %
NEWMARK GROUP IN 7.5% 01/12/29 65158NAD4 $214,165.97 0.340 %
HOWARD HUGHES 4.125% 02/01/29 44267DAE7 $211,048.66 0.330 %
MCLAREN FINANCE 7.5% 08/01/26 58175LAA8 $211,071.82 0.330 %
AMERICAN AXLE & MF 5% 10/01/29 02406PBB5 $210,485.45 0.330 %
VIKING CRUISES LTD 7% 02/15/29 92676XAF4 $208,096.18 0.330 %
NCL FINANCE LT 6.125% 03/15/28 62888HAA7 $211,626.11 0.330 %
ANYWHERE REAL EST/ 7% 04/15/30 75606DAS0 $209,783.72 0.330 %
BATH & BODY WOR 6.75% 07/01/36 501797AM6 $201,771.30 0.320 %
SABRE GLBL INC 11.25% 12/15/27 78573NAH5 $205,793.21 0.320 %
BENTELER INTERN 10.5% 05/15/28 08263DAA4 $202,655.54 0.320 %
ASBURY AUTOMOTIVE 5% 02/15/32 043436AX2 $203,393.26 0.320 %
FIVE POINT OP CO S/UP 01/15/28 33834YAB4 $203,198.16 0.320 %
VELOCITY VEHICLE G 8% 06/01/29 92262TAA4 $194,236.64 0.310 %
ADIENT GLOBAL HOLD 7% 04/15/28 00687YAB1 $198,644.85 0.310 %
GOODYEAR TIRE & 5.25% 07/15/31 382550BR1 $198,887.32 0.310 %
QVC INC 4.75% 02/15/27 747262AY9 $199,283.55 0.310 %
KENNEDY-WILSON 4.75% 03/01/29 489399AL9 $198,566.34 0.310 %
GLOBAL AUTO HO/ 8.75% 01/15/32 00033GAB1 $191,938.28 0.300 %
DEALER TIRE LLC/DT 8% 02/01/28 24229JAA1 $189,885.93 0.300 %
REAL HERO MERGE 6.25% 02/01/29 75602BAA7 $192,154.85 0.300 %
VICTORIA'S SEC 4.625% 07/15/29 926400AA0 $189,696.14 0.300 %
JAGUAR LAND RO 5.875% 01/15/28 47010BAK0 $189,318.14 0.300 %
JAGUAR LAND ROVE 4.5% 10/01/27 47010BAF1 $188,474.00 0.300 %
SIX FLAGS ENTERT 5.5% 04/15/27 83001AAC6 $192,495.73 0.300 %
SIX FLAG/CAN/M 5.375% 04/15/27 150190AB2 $191,429.44 0.300 %
PHINIA INC 6.75% 04/15/29 71880KAA9 $189,147.00 0.300 %
ADIENT GLOBAL H 8.25% 04/15/31 00687YAC9 $189,046.70 0.300 %
MACY'S RETAIL 5.875% 04/01/29 55617LAP7 $187,880.69 0.300 %
KENNEDY-WILSON 4.75% 02/01/30 489399AN5 $193,603.04 0.300 %
EVERGREEN ACQCO 9.75% 04/26/28 30015DAA9 $185,677.32 0.290 %
KENNEDY-WILSON INC 5% 03/01/31 489399AM7 $184,452.85 0.290 %
AMERICAN AXLE & 6.5% 04/01/27 02406PAU4 $184,076.74 0.290 %
WILLIAM CARTER 5.625% 03/15/27 96926JAC1 $186,478.69 0.290 %
STATION CASINO 6.625% 03/15/32 857691AJ8 $180,723.46 0.280 %
LIGHT & WONDER 7.25% 11/15/29 80874YBE9 $178,047.64 0.280 %
GOODYEAR TIRE & 5.25% 04/30/31 382550BJ9 $178,125.38 0.280 %
LITHIA MOTORS 4.375% 01/15/31 536797AF0 $176,298.34 0.280 %
ROYAL CARIBBEAN 3.7% 03/15/28 780153AW2 $176,641.71 0.280 %
CARNIVAL CORP 7% 08/15/29 143658BW1 $177,154.55 0.280 %
PREMIER ENTERT 5.875% 09/01/31 74052HAB0 $180,978.37 0.280 %
AFFINITY INTER 6.875% 12/15/27 00842XAA7 $177,645.11 0.280 %
LIFE TIME INC 8% 04/15/26 53190FAC9 $180,677.72 0.280 %
MERLIN ENTERTA 7.375% 02/15/31 59010UAA5 $180,948.38 0.280 %
LIVE NATION ENT 3.75% 01/15/28 538034AX7 $179,010.12 0.280 %
GLOBAL AUTO HO 8.375% 01/15/29 00033GAA3 $181,435.49 0.280 %
HILTON DOMESTIC 5.75% 05/01/28 432833AH4 $178,915.26 0.280 %
GRUBHUB HOLDINGS 5.5% 07/01/27 40010PAA6 $174,632.53 0.270 %
WYNDHAM HOTELS 4.375% 08/15/28 98311AAB1 $173,663.30 0.270 %
SIX FLAG/CAN/MA 5.25% 07/15/29 150190AE6 $169,955.91 0.270 %
HILTON DOMESTI 6.125% 04/01/32 432833AQ4 $174,849.39 0.270 %
WOLVERINE WORLD WI 4% 08/15/29 978097AG8 $174,455.11 0.270 %
SONIC AUTOMOTI 4.875% 11/15/31 83545GBE1 $173,351.57 0.270 %
STATION CASINO 4.625% 12/01/31 857691AH2 $169,528.36 0.270 %
BATH & BODY WOR 5.25% 02/01/28 501797AN4 $172,232.67 0.270 %
GOODYEAR TIRE 5.625% 04/30/33 382550BK6 $172,040.59 0.270 %
RESORTS WORLD/R 8.45% 07/27/30 76120HAD9 $166,014.29 0.260 %
ALLISON TRANSMI 4.75% 10/01/27 019736AE7 $163,467.14 0.260 %
THOR INDUSTRIES 4% 10/15/29 885160AA9 $167,776.70 0.260 %
ADVANCE AUTO PAR 3.9% 04/15/30 00751YAE6 $166,804.10 0.260 %
ALLISON TRANSM 5.875% 06/01/29 019736AF4 $167,364.68 0.260 %
TRAVEL + LEISURE C 6% 04/01/27 98310WAN8 $158,488.07 0.250 %
GENTING NY LLC/G 3.3% 02/15/26 37255JAA0 $160,692.32 0.250 %
GREYSTAR REAL E 7.75% 09/01/30 39807UAD8 $158,026.16 0.250 %
KOHL'S CORPORA 4.625% 05/01/31 500255AX2 $156,503.03 0.250 %
MARRIOTT OWNERSH 4.5% 06/15/29 57164PAH9 $160,924.52 0.250 %
BATH & BODY WORK 7.5% 06/15/29 501797AR5 $160,986.67 0.250 %
GUITAR CENTER IN 8.5% 01/15/26 40204BAA3 $157,779.91 0.250 %
LEVI STRAUSS & C 3.5% 03/01/31 52736RBJ0 $156,185.85 0.250 %
MACY'S RETAIL 6.125% 03/15/32 55617LAR3 $155,304.33 0.240 %
HILTON GRAND V 4.875% 07/01/31 43284MAB4 $153,884.21 0.240 %
MERLIN ENTERTAI 5.75% 06/15/26 59010QAB2 $152,089.31 0.240 %
JACOBS ENTERTAI 6.75% 02/15/29 469815AK0 $155,460.49 0.240 %
MOTION BONDCO 6.625% 11/15/27 61978XAA5 $153,307.48 0.240 %
QVC INC 4.375% 09/01/28 747262AZ6 $150,144.09 0.240 %
ODEON FINCO PL 12.75% 11/01/27 67585LAA3 $151,095.16 0.240 %
NORDSTROM INC 4.375% 04/01/30 655664AT7 $155,270.74 0.240 %
ASBURY AUTOMOTIV 4.5% 03/01/28 043436AU8 $151,132.51 0.240 %
CUSHMAN & WAKE 8.875% 09/01/31 23166MAC7 $149,936.04 0.240 %
DANA INC 5.625% 06/15/28 235825AG1 $151,394.85 0.240 %
UPBOUND GROUP 6.375% 02/15/29 76009NAL4 $155,044.07 0.240 %
MGM RESORTS IN 4.625% 09/01/26 552953CD1 $148,851.52 0.230 %
FULL HOUSE RESO 8.25% 02/15/28 359678AC3 $145,717.88 0.230 %
PENSKE AUTOMOTI 3.75% 06/15/29 70959WAK9 $146,553.61 0.230 %
MACY'S RETAIL 5.875% 03/15/30 55617LAQ5 $145,922.09 0.230 %
ASBURY AUTOMOTI 4.75% 03/01/30 043436AV6 $143,694.57 0.230 %
G-III APPAREL 7.875% 08/15/25 36237HAA9 $143,360.37 0.230 %
EVERI HOLDINGS INC 5% 07/15/29 30034TAA1 $147,825.17 0.230 %
AMERICAN AXLE 6.875% 07/01/28 02406PBA7 $145,211.68 0.230 %
ACADEMY LTD 6% 11/15/27 00401YAA8 $148,378.17 0.230 %
PENN ENTERTAIN 5.625% 01/15/27 707569AS8 $141,619.53 0.220 %
LINDBLAD EXPEDI 6.75% 02/15/27 53523LAA8 $142,781.22 0.220 %
FORESTAR GROUP 3.85% 05/15/26 346232AF8 $139,406.48 0.220 %
LITHIA MOTORS 4.625% 12/15/27 536797AE3 $140,227.58 0.220 %
ROYAL CARIBBEAN 7.5% 10/15/27 780153AG7 $137,455.99 0.220 %
JAGUAR LAND ROVE 5.5% 07/15/29 47010BAM6 $138,785.29 0.220 %
NORDSTROM INC 4.25% 08/01/31 655664AY6 $141,210.66 0.220 %
DANA INC 5.375% 11/15/27 235825AF3 $138,496.08 0.220 %
MARRIOTT OWNERS 4.75% 01/15/28 57164PAF3 $130,957.77 0.210 %
TRAVEL + LEISURE 6.6% 10/01/25 98310WAM0 $133,865.07 0.210 %
RAPTOR ACQ/RAP 4.875% 11/01/26 75383KAA2 $135,985.66 0.210 %
ADVANCE AUTO PAR 5.9% 03/09/26 00751YAH9 $133,080.69 0.210 %
PENN ENTERTAIN 4.125% 07/01/29 707569AV1 $134,106.01 0.210 %
DANA INC 4.25% 09/01/30 235825AH9 $132,856.19 0.210 %
ANYWHERE RE GRP 5.75% 01/15/29 75606DAL5 $136,509.40 0.210 %
ONT GAMING GTA/OTG 8% 08/01/30 68306MAA7 $134,034.53 0.210 %
COBRA ACQUISIT 6.375% 11/01/29 19106CAA4 $129,236.24 0.200 %
BATH & BODY WO 6.694% 01/15/27 501797AQ7 $126,945.10 0.200 %
SPEEDWAY MOT/S 4.875% 11/01/27 84779MAA2 $125,284.13 0.200 %
KOHL'S CORPORAT 4.25% 07/17/25 500255AU8 $126,969.20 0.200 %
NORDSTROM INC 4% 03/15/27 655664AS9 $127,053.51 0.200 %
KONTOOR BRANDS 4.125% 11/15/29 50050NAA1 $119,873.63 0.190 %
CROCS INC 4.25% 03/15/29 227046AA7 $121,802.05 0.190 %
SIX FLAG/CAN/MAG 6.5% 10/01/28 150190AK2 $120,681.71 0.190 %
KEN GARFF AUTO 4.875% 09/15/28 48850PAA2 $122,547.83 0.190 %
NORDSTROM INC 6.95% 03/15/28 655664AH3 $118,491.34 0.190 %
DANA INC 4.5% 02/15/32 235825AJ5 $118,966.44 0.190 %
CROCS INC 4.125% 08/15/31 227046AB5 $118,097.70 0.190 %
FOOT LOCKER INC 4% 10/01/29 344849AA2 $118,732.67 0.190 %
ADVANCE AUTO PAR 3.5% 03/15/32 00751YAG1 $113,606.65 0.180 %
ADVANCE AUTO PA 5.95% 03/09/28 00751YAJ5 $117,514.05 0.180 %
MACY'S RETAIL HL 4.5% 12/15/34 55616XAM9 $113,633.38 0.180 %
VIKING OCEAN C 5.625% 02/15/29 92682RAA0 $112,923.32 0.180 %
WINNEBAGO INDUS 6.25% 07/15/28 974637AC4 $112,208.85 0.180 %
ANYWHERE RE GRP 5.25% 04/15/30 75606DAQ4 $108,871.79 0.170 %
LINDBLAD EXPEDITIO 9% 05/15/28 535219AA7 $110,394.38 0.170 %
TRAVEL + LEISU 4.625% 03/01/30 98310WAQ1 $105,676.18 0.170 %
CCM MERGER INC 6.375% 05/01/26 14985VAE1 $103,239.53 0.160 %
BATH & BODY WO 9.375% 07/01/25 501797AU8 $104,214.59 0.160 %
KOHL'S CORPORAT 5.55% 07/17/45 500255AV6 $96,404.76 0.150 %
EMPIRE RESORTS 7.75% 11/01/26 292052AF4 $96,068.64 0.150 %
FORESTAR GROUP INC 5% 03/01/28 346232AE1 $98,630.73 0.150 %
RESORTS WORLD/ 4.625% 04/06/31 76120HAC1 $97,656.43 0.150 %
LIVE NATION EN 5.625% 03/15/26 538034AN9 $98,280.04 0.150 %
BATH & BODY WOR 6.95% 03/01/33 532716AK3 $90,400.07 0.140 %
QVC INC 5.45% 08/15/34 747262AW3 $86,959.61 0.140 %
ADVANCE AUTO PA 1.75% 10/01/27 00751YAF3 $88,700.07 0.140 %
MACY'S RETAIL 5.125% 01/15/42 55616XAG2 $74,745.34 0.120 %
QVC INC 5.95% 03/15/43 747262AM5 $67,851.61 0.110 %
MACY'S RETAIL HL 4.3% 02/15/43 55616XAJ6 $62,862.05 0.100 %
As of 07/19/2024 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)
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): 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/