BondBloxx Logo
XHYF

BondBloxx USD High Yield Bond Financial & REIT Sector ETF

Net asset value

$36.81

EXPENSE RATIO

0.35%

Yield to Maturity

7.72%

30-Day Sec Yield

7.20%
ALL DATA AS OF 02/27/2024, UNLESS OTHERWISE STATED. 30-DAY SEC YIELD AS OF 01/31/2024. 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 Financial & REIT Sector ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds in the financial and REIT sector. The Fund is newly organized, non-diversified and seeks to track the investment results of the ICE Diversified US Cash Pay High Yield Financial & REIT Index, which is a rules-based index consisting of U.S. dollar-denominated below investment grade bonds that contains issuers from the financial sector, including the banking, financial services, and insurance sub-sectors, and the REIT sector. The REIT sector is comprised solely of debt issued by real estate investment trusts. *Unless otherwise stated, the information on this page is as of 02/27/2024

Sub-Sector

Fund Details

Product Name BondBloxx USD High Yield Bond Financial & REIT Sector ETF
Ticker XHYF
CUSIP 09789C309
Asset Class Fixed Income
Fund Inception Date 2/15/2022
Exchange NYSE Arca
Distribution Frequency Monthly
Fund Net Assets $38,651,236
Shares Outstanding 1,050,000
Median Spread 0.60%
Premium Discount Ratio 0.11%
Closing Price as of 02/27/2024 $36.85

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 241
Number of Issuers 108
Average Coupon 6.15%
Average Maturity 4.67 Years
* 30-Day SEC Yield is as of 01/31/2024
Yield to Maturity 7.72%
Yield to Worst 7.54%
Option Adjusted Spread 287
Spread Duration 3.17
30-Day SEC Yield* 7.20%

Portfolio Breakdown

Corporate 99.2%
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 Financial & REIT Index
Index Ticker JDFR
Index Market Cap $152.296B

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
OneMain Financial Corporation 5.31 %
Iron Mountain Inc. 4.59 %
HUB International Ltd. 3.82 %
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer Inc 3.42 %
Service Properties Trust 3.17 %
Icahn Enterprises L.P. / Icahn Enterprises Finance Corporation 3.10 %
Uniti Group LP/Uniti Fiber Holdings Inc/Uniti Group Finance 2019 Inc/CSL Capital LLC 3.07 %
Navient Corporation 2.91 %
UniCredit S.p.A. 2.43 %
NFP Corp. 2.25 %
Name CUSIP Market Value % of Net Assets
HUB INTERNATION 7.25% 06/15/30 44332PAH4 $852,931.64 2.210 %
UNITI GROUP/CSL 10.5% 02/15/28 91327TAA9 $714,030.84 1.850 %
GTCR W-2 MERGER 7.5% 01/15/31 36268NAA8 $590,540.50 1.530 %
NFP CORP 6.875% 08/15/28 65342RAD2 $525,764.86 1.360 %
HUB INTERNATIO 7.375% 01/31/32 44332PAJ0 $492,330.01 1.270 %
ONEMAIN FINANC 7.125% 03/15/26 85172FAN9 $431,910.48 1.120 %
INTESA SANPAOLO 5.71% 01/15/26 46115HAW7 $368,609.08 0.950 %
ALLIANT HOLD / CO- 7% 01/15/31 01883LAF0 $359,083.89 0.930 %
SBA COMMUNICAT 3.875% 02/15/27 78410GAD6 $360,146.99 0.930 %
UNICREDIT SPA V/R 06/30/35 904678AS8 $356,894.83 0.920 %
ALLIANT HOLD / 6.75% 10/15/27 01883LAA1 $343,881.45 0.890 %
UNICREDIT SPA V/R 04/02/34 904678AQ2 $338,362.27 0.880 %
ICAHN ENTERPRIS 5.25% 05/15/27 451102BZ9 $336,171.90 0.870 %
SBA COMMUNICAT 3.125% 02/01/29 78410GAG9 $338,040.93 0.870 %
ALLIANT HOLD / 6.75% 04/15/28 01883LAE3 $333,924.99 0.860 %
ONEMAIN FINANC 6.875% 03/15/25 85172FAM1 $323,309.38 0.840 %
ICAHN ENTERPRIS 6.25% 05/15/26 451102BT3 $319,628.80 0.830 %
IRON MOUNTAIN I 5.25% 07/15/30 46284VAJ0 $317,116.47 0.820 %
MPT OPER PARTNERSP 5% 10/15/27 55342UAH7 $290,753.41 0.750 %
DRESDNER FNDG 8.151% 06/30/31 26156FAA1 $279,520.54 0.720 %
CASH CASH $274,685.06 0.710 %
ROCKETMTGE CO- 3.875% 03/01/31 74841CAB7 $271,082.48 0.700 %
ROCKETMTGE CO- 2.875% 10/15/26 77313LAA1 $265,767.22 0.690 %
ALLY FINANCIAL 5.75% 11/20/25 02005NBF6 $263,020.87 0.680 %
SERVICE PROPER 8.625% 11/15/31 81761LAC6 $264,530.06 0.680 %
IRON MOUNTAIN INC 7% 02/15/29 46284VAP6 $250,652.35 0.650 %
IRON MOUNTAIN 4.875% 09/15/27 46284VAC5 $252,958.99 0.650 %
COMPASS GROUP D 5.25% 04/15/29 20451RAB8 $246,839.23 0.640 %
ONEMAIN FINANCE CO 9% 01/15/29 682695AA9 $245,250.15 0.630 %
FORTRESS TRANS & 5.5% 05/01/28 34960PAD3 $244,690.29 0.630 %
UNICREDIT SPA V/R 06/19/32 904678AF6 $242,565.89 0.630 %
HAT HOLDINGS I 3.375% 06/15/26 418751AE3 $241,116.13 0.620 %
IRON MOUNTAIN IN 4.5% 02/15/31 46284VAN1 $241,215.35 0.620 %
MIDCAP FINANCIAL 6.5% 05/01/28 59567LAA2 $234,828.75 0.610 %
BLOCK INC 2.75% 06/01/26 852234AN3 $235,471.89 0.610 %
BREAD FINANCIAL 9.75% 03/15/29 018581AP3 $233,020.81 0.600 %
IRON MOUNTAIN 4.875% 09/15/29 46284VAF8 $233,660.52 0.600 %
JEFFERIES FIN LLC 5% 08/15/28 47232MAF9 $227,759.35 0.590 %
FREEDOM MORTGAGE 12% 10/01/28 35640YAK3 $226,713.19 0.590 %
BROOKFIELD PPTY 5.75% 05/15/26 11284DAA3 $228,533.15 0.590 %
ACRISURE LLC / 8.25% 02/01/29 00489LAK9 $229,189.86 0.590 %
MPT OPER PARTNER 3.5% 03/15/31 55342UAM6 $223,636.12 0.580 %
BLOCK INC 3.5% 06/01/31 852234AP8 $221,883.12 0.570 %
SERVICE PROPERTI 7.5% 09/15/25 81761LAA0 $219,544.36 0.570 %
COINBASE GLOBA 3.375% 10/01/28 19260QAC1 $213,370.94 0.550 %
IRON MOUNTAIN I 5.25% 03/15/28 46284VAE1 $212,860.56 0.550 %
UNITI GROUP/CSL 6.5% 02/15/29 91327BAA8 $211,624.96 0.550 %
NATIONSTAR MTG H 5.5% 08/15/28 63861CAC3 $208,886.94 0.540 %
PENNYMAC FIN S 7.875% 12/15/29 70932MAD9 $204,049.19 0.530 %
UNITED WHOLESALE 5.5% 11/15/25 91153LAA5 $200,612.50 0.520 %
JONES DESLAURIER 8.5% 03/15/30 48020RAB1 $199,420.32 0.520 %
HAT HOLDINGS I LLC 8% 06/15/27 418751AL7 $201,378.91 0.520 %
ONEMAIN FINANC 6.625% 01/15/28 85172FAQ2 $195,883.25 0.510 %
ICAHN ENTERPRIS 9.75% 01/15/29 451102CD7 $196,229.85 0.510 %
STANDARD CHARTERED V/R /PERP/ 853254AB6 $195,792.59 0.510 %
ARETEC GROUP INC 10% 08/15/30 04020JAA4 $191,583.19 0.500 %
ICAHN ENTERPRI 6.375% 12/15/25 451102BQ9 $190,495.18 0.490 %
AMWINS GROUP I 4.875% 06/30/29 031921AB5 $185,937.06 0.480 %
ROCKETMTGE CO-ISSU 4% 10/15/33 77313LAB9 $186,486.91 0.480 %
ALLIANT HOLD / 4.25% 10/15/27 01883LAB9 $186,171.59 0.480 %
ONEMAIN FINANC 7.875% 03/15/30 682691AE0 $186,962.81 0.480 %
GGAM FINANCE LTD 8% 02/15/27 36170JAC0 $182,927.86 0.470 %
PARK INTERMED 4.875% 05/15/29 70052LAC7 $182,216.37 0.470 %
SYNCHRONY FINAN 7.25% 02/02/33 87165BAU7 $182,260.00 0.470 %
ONEMAIN FINANCE 3.5% 01/15/27 682691AB6 $180,531.52 0.470 %
NAVIENT CORP 5.5% 03/15/29 63938CAM0 $181,284.45 0.470 %
BROADSTREET PA 5.875% 04/15/29 11135RAA3 $176,263.37 0.460 %
IRON MOUNTAIN INFO 5% 07/15/32 46285MAA8 $176,919.59 0.460 %
ONEMAIN FINANCE CO 4% 09/15/30 682691AA8 $178,317.47 0.460 %
ROCKETMTGE CO- 3.625% 03/01/29 74841CAA9 $172,960.24 0.450 %
PARK INTERMED HO 7.5% 06/01/25 70052LAA1 $173,400.85 0.450 %
PARK INTERMED 5.875% 10/01/28 70052LAB9 $174,702.43 0.450 %
UNITED WHOLESALE 5.5% 04/15/29 913229AA8 $171,815.43 0.440 %
PENNYMAC FIN S 5.375% 10/15/25 70932MAA5 $170,740.43 0.440 %
GLOBAL ATLANTIC V/R 10/15/51 37959GAC1 $171,321.53 0.440 %
BROOKFIELD PPTY 4.5% 04/01/27 11284DAC9 $170,893.66 0.440 %
MPT OPER PARTN 4.625% 08/01/29 55342UAJ3 $171,023.15 0.440 %
NAVIENT CORP 5% 03/15/27 63938CAK4 $165,353.95 0.430 %
RHP HOTEL PPTY/ 4.75% 10/15/27 749571AF2 $165,707.26 0.430 %
ONEMAIN FINANC 5.375% 11/15/29 85172FAR0 $165,725.55 0.430 %
CREDIT ACCEPTAN 9.25% 12/15/28 225310AQ4 $166,796.92 0.430 %
BURFORD CAPITAL 9.25% 07/01/31 12116LAE9 $165,213.85 0.430 %
ACRISURE LLC / 4.25% 02/15/29 00489LAF0 $160,575.20 0.420 %
OUTFRONT MEDIA CAP 5% 08/15/27 69007TAB0 $160,881.58 0.420 %
USI INC/NY 7.5% 01/15/32 90346KAB5 $161,852.41 0.420 %
GGAM FINANCE LTD 8% 06/15/28 36170JAA4 $163,722.19 0.420 %
FORTRESS TRANS & 6.5% 10/01/25 34960PAB7 $164,007.45 0.420 %
INTESA SANPAOLO S V/R 06/01/32 46115HBQ9 $161,831.24 0.420 %
FTAI INFRA ESC 10.5% 06/01/27 30327TAA7 $160,478.25 0.420 %
CORECIVIC INC 8.25% 04/15/26 21871NAB7 $159,201.37 0.410 %
ICAHN ENTERPRI 4.375% 02/01/29 451102CC9 $155,714.73 0.400 %
NATIONSTAR MTG 5.125% 12/15/30 63861CAD1 $149,130.03 0.390 %
COINBASE GLOBA 3.625% 10/01/31 19260QAD9 $151,424.68 0.390 %
GOEASY LTD 9.25% 12/01/28 380355AH0 $152,079.90 0.390 %
FREEDOM MORTGA 12.25% 10/01/30 35640YAL1 $149,987.46 0.390 %
NATIONSTAR MTG HLD 6% 01/15/27 63861CAA7 $150,535.73 0.390 %
LADDER CAP FIN 4.75% 06/15/29 505742AP1 $151,243.75 0.390 %
IRON MOUNTAIN 5.625% 07/15/32 46284VAL5 $146,124.63 0.380 %
NATIONSTAR MTG 5.75% 11/15/31 63861CAE9 $145,512.02 0.380 %
RHP HOTEL PPTY/R 4.5% 02/15/29 749571AG0 $145,970.76 0.380 %
JANE STREET GRP/ 4.5% 11/15/29 47077WAA6 $143,449.87 0.370 %
INTESA SANPAOLO S V/R 06/01/42 46115HBS5 $142,923.57 0.370 %
ONEMAIN FINANC 3.875% 09/15/28 682691AC4 $142,110.47 0.370 %
NFP CORP 4.875% 08/15/28 65342RAE0 $139,820.16 0.360 %
FORTRESS TRANS 7.875% 12/01/30 34960PAE1 $139,221.52 0.360 %
OFFICE PPTY INCO 4.5% 02/01/25 81618TAC4 $138,863.51 0.360 %
PROG HOLDINGS INC 6% 11/15/29 74319RAA9 $140,788.00 0.360 %
PENNYMAC FIN SV 4.25% 02/15/29 70932MAB3 $139,633.53 0.360 %
MACQUARIE AIRF 8.125% 03/30/29 55609NAB4 $139,805.21 0.360 %
RITHM CAPITAL C 6.25% 10/15/25 64828TAA0 $138,685.14 0.360 %
NAVIENT CORP 9.375% 07/25/30 63938CAN8 $137,370.58 0.360 %
STARWOOD PROPER 4.75% 03/15/25 85571BAL9 $135,449.47 0.350 %
LADDER CAP FIN 4.25% 02/01/27 505742AM8 $134,232.67 0.350 %
NAVIENT CORP 11.5% 03/15/31 63938CAP3 $135,812.05 0.350 %
AG TTMT ESCROW 8.625% 09/30/27 00840KAA7 $133,463.92 0.350 %
LIBERTY MUTUAL G 4.3% 02/01/61 53079EBL7 $131,336.58 0.340 %
FIRSTCASH INC 5.625% 01/01/30 31944TAA8 $132,413.23 0.340 %
DIVERSIFIED HEA 9.75% 06/15/25 25525PAA5 $132,012.67 0.340 %
HUB INTERNATIO 5.625% 12/01/29 44332PAG6 $132,845.28 0.340 %
ASSUREDPARTNER 5.625% 01/15/29 04624VAB5 $130,604.26 0.340 %
UNITI GRP/UNITI HL 6% 01/15/30 91327AAB8 $130,178.66 0.340 %
NAVIENT CORP 6.75% 06/15/26 63938CAJ7 $132,344.23 0.340 %
FREEDOM MORTGA 7.625% 05/01/26 35640YAH0 $132,299.85 0.340 %
NAVIENT CORP 6.75% 06/25/25 63938CAH1 $132,449.92 0.340 %
WESTERN ALLIANCE V/R 06/15/31 957638AD1 $131,633.00 0.340 %
LD HOLDINGS GR 6.125% 04/01/28 521088AC8 $125,809.56 0.330 %
MACQUARIE AIRF 8.375% 05/01/28 55609NAA6 $127,693.65 0.330 %
UNITED WHOLESAL 5.75% 06/15/27 913229AC4 $126,764.99 0.330 %
MERLIN ENTERTA 7.375% 02/15/31 59010UAA5 $125,754.00 0.330 %
AERCAP GLOBAL AVI V/R 06/15/45 00773HAA5 $128,493.95 0.330 %
ALLY FINANCIAL I 6.7% 02/14/33 02005NBS8 $128,359.56 0.330 %
FREEDOM MORTGAG 9.25% 02/01/29 35641AAA6 $127,746.98 0.330 %
CARGO AIRCRAFT 4.75% 02/01/28 14180LAA4 $128,598.91 0.330 %
UNITI GROUP/CSL 4.75% 04/15/28 91327BAB6 $129,301.11 0.330 %
AG ISSUER LLC 6.25% 03/01/28 00119LAA9 $126,221.32 0.330 %
GTCR AP FINANCE IN 8% 05/15/27 40060QAA3 $126,393.80 0.330 %
MOBIUS MERGER SUB 9% 06/01/30 606950AA1 $125,217.85 0.320 %
FREEDOM MORTGA 6.625% 01/15/27 35640YAJ6 $125,166.99 0.320 %
LIBERTY MUTUAL G 7.8% 03/15/37 53079EAN4 $121,834.30 0.320 %
LD HOLDINGS GROU 6.5% 11/01/25 521088AA2 $123,970.60 0.320 %
IRON MOUNTAIN INC 5% 07/15/28 46284VAG6 $124,280.24 0.320 %
PENNYMAC FIN SV 5.75% 09/15/31 70932MAC1 $123,941.19 0.320 %
NAVIENT CORP 5.625% 08/01/33 78442FAZ1 $125,220.29 0.320 %
XHR LP 4.875% 06/01/29 98372MAC9 $120,107.16 0.310 %
SLM CORP 3.125% 11/02/26 78442PGE0 $121,016.03 0.310 %
FIRSTCASH INC 4.625% 09/01/28 33767DAB1 $120,749.40 0.310 %
MPT OPER PARTNE 5.25% 08/01/26 55342UAG9 $116,021.83 0.300 %
OUTFRONT MEDIA 4.25% 01/15/29 69007TAE4 $117,347.28 0.300 %
NAVIENT CORP 4.875% 03/15/28 63938CAL2 $116,587.86 0.300 %
OUTFRONT MEDIA 4.625% 03/15/30 69007TAC8 $116,787.32 0.300 %
RLJ LODGING TRUST 4% 09/15/29 74965LAB7 $116,243.54 0.300 %
OUTFRONT MEDIA 7.375% 02/15/31 69007TAG9 $116,693.93 0.300 %
XHR LP 6.375% 08/15/25 98372MAA3 $115,526.37 0.300 %
SLM CORP 4.2% 10/29/25 78442PGD2 $117,582.38 0.300 %
LIKEWIZE CORP 9.75% 10/15/25 10947XAA0 $115,698.25 0.300 %
NATIONSTAR MTG HLD 5% 02/01/26 43734LAA4 $115,326.43 0.300 %
ACRISURE LLC / FIN 6% 08/01/29 00489LAH6 $114,913.05 0.300 %
ENOVA INTERNAT 11.25% 12/15/28 29357KAH6 $112,863.98 0.290 %
SERVICE PROPERT 4.75% 10/01/26 44106MBA9 $111,024.64 0.290 %
SHIFT4 PAYMENT 4.625% 11/01/26 82453AAA5 $112,250.84 0.290 %
POPULAR INC 7.25% 03/13/28 733174AL0 $110,290.86 0.290 %
STARWOOD PROPE 4.375% 01/15/27 85571BAY1 $112,983.68 0.290 %
RLJ LODGING TRU 3.75% 07/01/26 74965LAA9 $113,678.12 0.290 %
ASSURANT INC V/R 03/27/48 04621XAK4 $109,669.69 0.280 %
OSAIC HOLDINGS 10.75% 08/01/27 00791GAA5 $109,796.35 0.280 %
SERVICE PROPERTI 5.5% 12/15/27 81761LAB8 $109,758.57 0.280 %
NECESS RETAIL/AF 4.5% 09/30/28 02608AAA7 $108,543.59 0.280 %
NFP CORP 8.5% 10/01/31 65342RAG5 $108,184.22 0.280 %
CASTLELAKE AVIATIO 5% 04/15/27 14856HAA6 $106,601.59 0.280 %
ACRISURE LLC 10.125% 08/01/26 00489LAD5 $110,095.62 0.280 %
HAT HOLDINGS I LLC 6% 04/15/25 418751AB9 $106,597.44 0.280 %
GLOBAL NET LEAS 3.75% 12/15/27 37892AAA8 $109,706.57 0.280 %
CREDIT ACCEPTA 6.625% 03/15/26 225310AM3 $107,766.88 0.280 %
RHP HOTEL PPTY/ 7.25% 07/15/28 749571AJ4 $108,972.32 0.280 %
BRANDYWINE OPER 3.95% 11/15/27 105340AQ6 $106,936.92 0.280 %
FORTRESS TRANS 9.75% 08/01/27 34960PAC5 $109,487.87 0.280 %
BURFORD CAPITAL 6.25% 04/15/28 12116LAA7 $103,729.86 0.270 %
GGAM FINANCE LT 7.75% 05/15/26 36170JAB2 $103,159.13 0.270 %
APOLLO CMMRL R 4.625% 06/15/29 03762UAD7 $104,899.97 0.270 %
ACI WORLDWIDE I 5.75% 08/15/26 004498AB7 $104,581.42 0.270 %
HUDSON PACIFIC 4.65% 04/01/29 44409MAB2 $105,281.23 0.270 %
PRA GROUP INC 8.375% 02/01/28 69354NAE6 $104,292.43 0.270 %
CONSTELLATION IN 6.8% 01/24/30 67740QAH9 $102,368.41 0.260 %
OXFORD FIN LLC 6.375% 02/01/27 69145LAC8 $99,559.16 0.260 %
ALLIANT HOLD / 5.875% 11/01/29 01883LAD5 $100,168.62 0.260 %
ARETEC GROUP INC 7.5% 04/01/29 040133AA8 $100,102.20 0.260 %
NFP CORP 7.5% 10/01/30 65342RAF7 $97,330.61 0.250 %
DIVERSIFIED HE 4.375% 03/01/31 25525PAB3 $98,499.05 0.250 %
LIBERTY MUTUAL GR V/R 12/15/51 53079EBM5 $97,879.60 0.250 %
STARWOOD PROPE 3.625% 07/15/26 85571BAU9 $98,188.01 0.250 %
RYAN SPECIALTY 4.375% 02/01/30 78351MAA0 $97,567.04 0.250 %
SERVICE PROPERT 4.95% 02/15/27 44106MAW2 $96,787.30 0.250 %
CTR PARTNERSHI 3.875% 06/30/28 126458AE8 $95,990.57 0.250 %
STONEX GROUP I 8.625% 06/15/25 46116VAE5 $92,218.98 0.240 %
ENOVA INTERNATIO 8.5% 09/15/25 29357KAF0 $92,927.12 0.240 %
PHH MORTGAGE C 7.875% 03/15/26 69356NAA2 $91,251.89 0.240 %
SERVICE PROPERT 4.95% 10/01/29 44106MBB7 $93,048.69 0.240 %
BURFORD CAPITA 6.875% 04/15/30 12116LAC3 $94,325.43 0.240 %
VORNADO REALTY 2.15% 06/01/26 929043AK3 $94,456.06 0.240 %
DIVERSIFIED HEA 4.75% 02/15/28 81721MAM1 $93,835.97 0.240 %
BANC OF CALIFORNI V/R 05/01/31 69506YSC4 $90,306.25 0.230 %
ARMOR HOLDCO INC 8.5% 11/15/29 04625PAA9 $87,201.40 0.230 %
MIDCAP FINANCI 5.625% 01/15/30 59590AAA7 $89,800.07 0.230 %
SERVICE PROPERT 5.25% 02/15/26 44106MAV4 $87,572.49 0.230 %
BRANDYWINE OPER 7.8% 03/15/28 105340AR4 $87,951.77 0.230 %
TERRAFORM GLOB 6.125% 03/01/26 88104UAC7 $84,181.45 0.220 %
HUDSON PACIFIC 3.95% 11/01/27 44409MAA4 $86,818.90 0.220 %
BLACKSTONE MORT 3.75% 01/15/27 09257WAD2 $84,887.59 0.220 %
JONES DESLAURIE 10.5% 12/15/30 48020RAA3 $85,423.45 0.220 %
SERVICE PROPERTI 4.5% 03/15/25 44106MAT9 $85,005.32 0.220 %
LADDER CAP FIN 5.25% 10/01/25 505742AG1 $86,287.80 0.220 %
SERVICE PROPER 4.375% 02/15/30 44106MAY8 $81,403.56 0.210 %
TEXAS CAPITAL BAN V/R 05/06/31 88224QAA5 $82,238.69 0.210 %
ACURIS FIN US/ACUR 5% 05/01/28 00511BAA5 $82,864.80 0.210 %
PAYSAFE FIN PLC/PA 4% 06/15/29 70452AAA1 $81,496.00 0.210 %
GOEASY LTD 4.375% 05/01/26 380355AF4 $82,619.24 0.210 %
HUDSON PACIFIC 5.95% 02/15/28 44409MAD8 $80,917.62 0.210 %
BRANDYWINE OPER 4.55% 10/01/29 105340AP8 $76,561.21 0.200 %
GEO GROUP INC/T 10.5% 06/30/28 36162JAC0 $77,831.00 0.200 %
SERVICE PROPERT 3.95% 01/15/28 44106MAX0 $78,516.75 0.200 %
HIGHTOWER HOLDI 6.75% 04/15/29 43118DAA8 $77,131.40 0.200 %
HAT HOLDINGS I 3.75% 09/15/30 418751AD5 $74,170.31 0.190 %
PRA GROUP INC 5% 10/01/29 69354NAD8 $74,537.83 0.190 %
PRA GROUP INC 7.375% 09/01/25 69354NAC0 $74,704.92 0.190 %
HUDSON PACIFIC 3.25% 01/15/30 44409MAC0 $74,293.52 0.190 %
VORNADO REALTY L 3.4% 06/01/31 929043AL1 $66,448.29 0.170 %
JEFFERSON CAPITAL 6% 08/15/26 472481AA8 $66,971.49 0.170 %
LFS TOPCO LLC 5.875% 10/15/26 50203TAA4 $66,069.55 0.170 %
CPI CG INC 8.625% 03/15/26 12598FAA7 $64,389.26 0.170 %
FINANCE OF AME 7.875% 11/15/25 317386AA8 $65,235.30 0.170 %
GENWORTH HOLDING 6.5% 06/15/34 37247DAB2 $61,409.95 0.160 %
COMPASS GROUP DIVE 5% 01/15/32 20451RAC6 $61,820.16 0.160 %
VALLEY NATIONAL B V/R 06/15/31 919794AE7 $62,511.35 0.160 %
WORLD ACCEPTANCE C 7% 11/01/26 981419AC8 $61,333.60 0.160 %
BRIGHTSPHERE INV 4.8% 07/27/26 10948WAA1 $62,140.87 0.160 %
CONSTELLATION 6.625% 05/01/31 67740QAG1 $58,101.75 0.150 %
INNOVATE CORP 8.5% 02/01/26 404139AJ6 $56,728.13 0.150 %
OFFICE PPTY INCO 2.4% 02/01/27 67623CAE9 $44,539.27 0.120 %
OFFICE PPTY INC 2.65% 06/15/26 67623CAD1 $48,263.09 0.120 %
CURO GROUP HOLDI 7.5% 08/01/28 23131LAE7 $43,800.00 0.110 %
OFFICE PPTY INC 3.45% 10/15/31 67623CAF6 $44,322.54 0.110 %
CURO GROUP HOLDI 7.5% 08/01/28 23131LAC1 $7,687.50 0.020 %
As of 02/27/2024 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)
Feb 1, 2024 Feb 2, 2024 Feb 7, 2024 0.22404
Dec 28, 2023 Dec 29, 2023 Jan 4, 2024 0.23281
Dec 1, 2023 Dec 4, 2023 Dec 7, 2023 0.22983
Nov 1, 2023 Nov 2, 2023 Nov 7, 2023 0.24224
Oct 2, 2023 Oct 3, 2023 Oct 6, 2023 0.21863
Sep 1, 2023 Sep 5, 2023 Sep 8, 2023 0.22502
Aug 1, 2023 Aug 2, 2023 Aug 7, 2023 0.22987
Jul 3, 2023 Jul 5, 2023 Jul 10, 2023 0.20496
Jun 1, 2023 Jun 2, 2023 Jun 7, 2023 0.26425
May 1, 2023 May 2, 2023 May 5, 2023 0.20826
Apr 3, 2023 Apr 4, 2023 Apr 7, 2023 0.10212
Mar 1, 2023 Mar 2, 2023 Mar 7, 2023 0.24090
Feb 1, 2023 Feb 2, 2023 Feb 7, 2023 0.18221
Dec 29, 2022 Dec 30, 2022 Jan 5, 2023 0.19987
Dec 1, 2022 Dec 2, 2022 Dec 7, 2022 0.18132
Nov 1, 2022 Nov 2, 2022 Nov 7, 2022 0.18479
Oct 3, 2022 Oct 4, 2022 Oct 7, 2022 0.25557
Sep 1, 2022 Sep 2, 2022 Sep 8, 2022 0.17448
Aug 1, 2022 Aug 2, 2022 Aug 5, 2022 0.18435
Jul 1, 2022 Jul 5, 2022 Jul 8, 2022 0.15860
Jun 1, 2022 Jun 2, 2022 Jun 6, 2022 0.17480
May 2, 2022 May 3, 2022 May 6, 2022 0.16420
Apr 1, 2022 Apr 4, 2022 Apr 7, 2022 0.23517

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 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/