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XHYT

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

Net asset value

$33.38

EXPENSE RATIO

0.35%

Yield to Maturity

9.41%

30-Day Sec Yield

9.23%
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 Telecom, Media & Technology Sector ETF seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds in the telecommunications, media and technology sector. The Fund is newly organized, non-diversified and seeks to track the investment results of the ICE Diversified US Cash Pay High Yield Telecom, Media & Technology Index, which is a rules-based index consisting of U.S. dollar-denominated below investment grade bonds that contains issuers from the telecom, media and technology sector, including the telecommunications, technology & electronics, and media sub-sectors *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 Telecom, Media & Technology Sector ETF
Ticker XHYT
CUSIP 09789C507
Asset Class Fixed Income
Fund Inception Date 2/15/2022
Exchange NYSE Arca
Distribution Frequency Monthly
Fund Net Assets $33,376,478
Shares Outstanding 1,000,000
Median Spread 0.42%
Premium Discount Ratio 0.13%
Closing Price as of 07/19/2024 $33.42

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 300
Number of Issuers 132
Average Coupon 6.08%
Average Maturity 4.77 Years
* 30-Day SEC Yield is as of 06/28/2024
Yield to Maturity 9.41%
Yield to Worst 0.07%
Option Adjusted Spread 488
Spread Duration 3.32
30-Day SEC Yield* 9.23%

Portfolio Breakdown

Corporate 98.4%
Cash and Equivalents 1.6%
Due to rounding, these values may exceed 100%

Index Details

Provider Name ICE Data Services
Index ICE Diversified US Cash Pay High Yield Telecom, Media & Technology Index
Index Ticker JDTM
Index Market Cap $245.316B

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
CCO Holdings LLC/ CCO Holdings Capital Corp. 9.92 %
CSC Holdings LLC 3.54 %
Sirius Xm Radio Inc 3.28 %
DISH DBS Corporation 2.62 %
Level 3 Financing Inc. 2.56 %
Cloud Software Group Inc. 2.35 %
Altice France S.A 2.26 %
Univision Commmunications Inc. 2.14 %
Clear Channel Outdoor Holdings Inc New 1.94 %
Directv Financing LLC/Directv Financing Co-Obligor Inc. 1.80 %
Name CUSIP Market Value % of Net Assets
CLOUD SOFTWARE G 6.5% 03/31/29 88632QAE3 $541,394.19 1.620 %
CASH CASH $535,304.93 1.600 %
CLOUD SOFTWARE GRP 9% 09/30/29 18912UAA0 $526,325.99 1.580 %
DIRECTV FIN LL 5.875% 08/15/27 25461LAA0 $497,500.77 1.490 %
DISH NETWORK C 11.75% 11/15/27 25470MAG4 $484,613.61 1.450 %
CCO HLDGS LLC/ 5.125% 05/01/27 1248EPBT9 $432,663.78 1.300 %
INTELSAT JACKSON 6.5% 03/15/30 45824TBC8 $396,965.87 1.190 %
UKG INC 6.875% 02/01/31 90279XAA0 $364,861.83 1.090 %
CCO HLDGS LLC/C 4.75% 03/01/30 1248EPCD3 $361,961.37 1.080 %
CCO HLDGS LLC/C 4.25% 02/01/31 1248EPCK7 $339,860.00 1.020 %
CCO HLDGS LLC/CA 4.5% 08/15/30 1248EPCE1 $334,854.86 1.000 %
CCO HLDGS LLC/CA 4.5% 05/01/32 1248EPCN1 $331,203.30 0.990 %
CCO HLDGS LLC/CAP 5% 02/01/28 1248EPBX0 $320,783.72 0.960 %
WESTERN DIGITAL 4.75% 02/15/26 958102AM7 $318,942.52 0.960 %
DISH DBS CORP 5.25% 12/01/26 25470XBE4 $301,961.23 0.900 %
VODAFONE GROUP PL V/R 04/04/79 92857WBQ2 $291,021.81 0.870 %
CONNECT FINCO S 6.75% 10/01/26 20752TAA2 $285,023.46 0.850 %
SS&C TECHNOLOGIE 5.5% 09/30/27 78466CAC0 $271,699.69 0.810 %
MCAFEE CORP 7.375% 02/15/30 579063AB4 $266,337.84 0.800 %
CSC HOLDINGS L 11.75% 01/31/29 126307BN6 $266,073.70 0.800 %
CLOUD SOFTWARE 8.25% 06/30/32 18912UAC6 $256,777.81 0.770 %
ALTICE FRANCE 5.125% 07/15/29 02156LAF8 $253,041.58 0.760 %
DISH DBS CORP 5.75% 12/01/28 25470XBF1 $253,835.40 0.760 %
SIRIUS XM RADIO IN 4% 07/15/28 82967NBJ6 $242,628.16 0.730 %
LEVEL 3 FINANCING 11% 11/15/29 527298BV4 $232,160.49 0.700 %
NEXSTAR MEDIA 5.625% 07/15/27 65343HAA9 $220,690.88 0.660 %
VERITAS US INC/B 7.5% 09/01/25 92346LAE3 $216,508.99 0.650 %
ENTEGRIS INC 4.75% 04/15/29 29365BAA1 $214,853.96 0.640 %
CCO HLDGS LLC/C 4.25% 01/15/34 1248EPCP6 $211,776.75 0.630 %
ALTICE FINANCIN 5.75% 08/15/29 02154CAH6 $210,339.27 0.630 %
FRONTIER COMMUNICA 5% 05/01/28 35906ABF4 $208,048.48 0.620 %
NCR ATLEOS LLC 9.5% 04/01/29 638962AA8 $202,081.66 0.610 %
UNIVISION COMM 6.625% 06/01/27 914906AU6 $202,037.09 0.610 %
SIRIUS XM RADIO IN 5% 08/01/27 82967NBA5 $203,218.93 0.610 %
CCO HLDGS LLC/ 5.375% 06/01/29 1248EPCB7 $201,033.68 0.600 %
UNIVISION COMMUNIC 8% 08/15/28 914906AY8 $199,598.00 0.600 %
WINDSTREAM ESCR 7.75% 08/15/28 97382WAA1 $193,653.15 0.580 %
COMMSCOPE LLC 6% 03/01/26 20338QAD5 $192,580.42 0.580 %
VZ SECURED FINANCI 5% 01/15/32 91845AAA3 $189,436.90 0.570 %
CCO HLDGS LLC/CA 4.5% 06/01/33 1248EPCL5 $191,147.95 0.570 %
CCO HLDGS LLC/ 6.375% 09/01/29 1248EPCS0 $187,295.71 0.560 %
ALTICE FRANCE SA 5.5% 10/15/29 02156LAH4 $186,381.11 0.560 %
CSC HOLDINGS LLC 6.5% 02/01/29 126307AZ0 $187,903.71 0.560 %
ALTICE FRANCE 8.125% 02/01/27 02156LAA9 $188,322.75 0.560 %
SIRIUS XM RADI 4.125% 07/01/30 82967NBG2 $182,925.54 0.550 %
DISH DBS CORP 7.75% 07/01/26 25470XAY1 $183,052.59 0.550 %
VIRGIN MEDIA SEC 5.5% 05/15/29 92769XAP0 $178,789.03 0.540 %
FRONTIER COMMUN 8.75% 05/15/30 35908MAD2 $177,626.82 0.530 %
GRAY TELEVISION 10.5% 07/15/29 389375AM8 $177,060.69 0.530 %
CLEAR CHANNEL 5.125% 08/15/27 18453HAA4 $174,170.27 0.520 %
SIRIUS XM RADI 3.875% 09/01/31 82967NBM9 $169,252.84 0.510 %
ZAYO GROUP HOLDING 4% 03/01/27 98919VAA3 $165,883.11 0.500 %
SIRIUS XM RADIO 5.5% 07/01/29 82967NBC1 $159,859.87 0.480 %
LCPR SR SECURED 6.75% 10/15/27 50201DAA1 $158,033.82 0.470 %
NCR VOYIX CORP 5.125% 04/15/29 62886EBA5 $157,143.34 0.470 %
VMED O2 UK FINA 4.75% 07/15/31 92858RAB6 $157,932.45 0.470 %
CSC HOLDINGS LLC 5.5% 04/15/27 126307AQ0 $153,312.46 0.460 %
CCO HLDGS LLC/ 7.375% 03/01/31 1248EPCT8 $153,423.91 0.460 %
FRONTIER COMMU 5.875% 10/15/27 35906ABE7 $155,126.87 0.460 %
SUNRISE FINCO 4.875% 07/15/31 90320BAA7 $154,386.85 0.460 %
VMED O2 UK FINA 4.25% 01/31/31 92858RAA8 $153,121.07 0.460 %
TELECOM ITALIA 6.375% 11/15/33 87927VAF5 $151,198.69 0.450 %
MIDAS OPCO HOL 5.625% 08/15/29 59565JAA9 $146,093.18 0.440 %
CCO HLDGS LLC/C 4.75% 02/01/32 1248EPCQ4 $145,732.75 0.440 %
LEVEL 3 FINANCI 10.5% 05/15/30 527298BU6 $141,974.79 0.430 %
ILIAD HOLDING SA 8.5% 04/15/31 449691AF1 $135,865.12 0.410 %
CSC HOLDINGS LLC 4.5% 11/15/31 126307BH9 $135,894.82 0.410 %
TEGNA INC 5% 09/15/29 87901JAH8 $134,191.28 0.400 %
SIRIUS XM RADI 3.125% 09/01/26 82967NBL1 $132,907.02 0.400 %
COHERENT CORP 5% 12/15/29 902104AC2 $132,072.30 0.400 %
GEN DIGITAL INC 6.75% 09/30/27 668771AK4 $129,709.88 0.390 %
PARAMOUNT GLOBAL V/R 03/30/62 92556HAE7 $128,750.19 0.390 %
FRONTIER COMMUN 6.75% 05/01/29 35906ABG2 $128,551.80 0.390 %
TEGNA INC 4.625% 03/15/28 87901JAJ4 $130,900.28 0.390 %
ENTEGRIS INC 5.95% 06/15/30 29365BAB9 $128,166.71 0.380 %
UNIVISION COMMUN 4.5% 05/01/29 914906AV4 $128,030.60 0.380 %
SENSATA TECHNOLOGI 4% 04/15/29 81725WAK9 $127,031.23 0.380 %
CSC HOLDINGS L 11.25% 05/15/28 126307BM8 $127,884.92 0.380 %
VODAFONE GROUP PL V/R 06/04/81 92857WBW9 $123,481.19 0.370 %
COMMSCOPE LLC 4.75% 09/01/29 203372AX5 $122,238.65 0.370 %
CLEAR CHANNEL O 7.75% 04/15/28 18453HAC0 $122,312.97 0.370 %
NEXSTAR MEDIA I 4.75% 11/01/28 65336YAN3 $124,121.68 0.370 %
ROBLOX CORP 3.875% 05/01/30 771049AA1 $124,421.77 0.370 %
FRONTIER COMMUNICA 6% 01/15/30 35908MAB6 $124,774.15 0.370 %
ILIAD HOLDING SAS 7% 10/15/28 449691AC8 $121,953.79 0.370 %
NEWS CORP 3.875% 05/15/29 65249BAA7 $121,570.39 0.360 %
CLEAR CHANNEL 7.875% 04/01/30 18453HAF3 $120,145.27 0.360 %
OPEN TEXT CORP 3.875% 02/15/28 683715AC0 $119,384.90 0.360 %
ALTICE FINANCING S 5% 01/15/28 02154CAF0 $119,616.90 0.360 %
OPEN TEXT INC 4.125% 02/15/30 683720AA4 $116,274.54 0.350 %
FAIR ISAAC CORP 4% 06/15/28 303250AF1 $117,609.32 0.350 %
ZIGGO BV 4.875% 01/15/30 98955DAA8 $117,147.58 0.350 %
CLEAR CHANNEL OU 7.5% 06/01/29 18453HAD8 $116,914.72 0.350 %
ARCHES BUYER IN 4.25% 06/01/28 039524AA1 $117,400.54 0.350 %
ROCKET SOFTWARE IN 9% 11/28/28 77314EAB4 $115,186.94 0.350 %
VIRGIN MEDIA SEC 4.5% 08/15/30 92769XAR6 $114,314.90 0.340 %
MCGRAW-HILL EDU 5.75% 08/01/28 57767XAA8 $113,757.68 0.340 %
CLEAR CHANNEL OUTD 9% 09/15/28 18453HAE6 $114,900.77 0.340 %
VERTIV GROUP C 4.125% 11/15/28 92535UAB0 $114,034.79 0.340 %
AMC NETWORKS I 10.25% 01/15/29 00164VAG8 $114,186.15 0.340 %
TELECOM ITALIA CAP 6% 09/30/34 87927VAM0 $111,814.37 0.340 %
UNIVISION COMM 7.375% 06/30/30 914906AX0 $114,193.69 0.340 %
SEAGATE HDD CA 9.625% 12/01/32 81180WBM2 $113,398.00 0.340 %
FORTRESS INTERME 7.5% 06/01/31 34966MAA0 $109,681.25 0.330 %
CSC HOLDINGS L 5.375% 02/01/28 126307AS6 $110,622.47 0.330 %
CLARIOS GLOBAL 6.75% 05/15/28 18060TAC9 $108,588.85 0.330 %
HTA GROUP LTD 7.5% 06/04/29 40435WAC4 $111,555.91 0.330 %
VIRGIN MEDIA FINAN 5% 07/15/30 92769VAJ8 $110,476.39 0.330 %
SS&C TECHNOLOGIE 6.5% 06/01/32 78466CAD8 $107,954.22 0.320 %
CNT PRNT/CDK GLO I 8% 06/15/29 154915AA0 $108,367.33 0.320 %
FRONTIER COMMU 8.625% 03/15/31 35908MAE0 $107,747.39 0.320 %
ALTICE FRANCE SA 5.5% 01/15/28 02156LAC5 $107,148.13 0.320 %
GRAY TELEVISION IN 7% 05/15/27 389284AA8 $106,113.72 0.320 %
CSC HOLDINGS L 4.125% 12/01/30 126307BB2 $105,928.74 0.320 %
DIRECTV FINANC 8.875% 02/01/30 25461LAB8 $104,236.60 0.310 %
CCO HLDGS LLC/CA 5.5% 05/01/26 1248EPBR3 $103,610.85 0.310 %
LEVEL 3 FINANC 10.75% 12/15/30 527298BZ5 $103,722.33 0.310 %
OPEN TEXT CORP 3.875% 12/01/29 683715AD8 $102,508.05 0.310 %
GO DADDY OPCO/FI 3.5% 03/01/29 38016LAC9 $102,110.49 0.310 %
ROGERS COMMUNICAT V/R 03/15/82 775109BS9 $99,046.07 0.300 %
LABL INC 6.75% 07/15/26 50168AAB6 $99,475.49 0.300 %
VMED O2 UK FINA 7.75% 04/15/32 92858RAD2 $96,358.20 0.290 %
WMG ACQUISITION CO 3% 02/15/31 92933BAR5 $98,365.51 0.290 %
CNTRL PARENT/CD 7.25% 06/15/29 15477CAA3 $96,180.91 0.290 %
ILIAD HOLDING SA 6.5% 10/15/26 449691AA2 $96,551.76 0.290 %
CROWDSTRIKE HOLDIN 3% 02/15/29 22788CAA3 $96,424.06 0.290 %
RADIATE HOLDCO / 4.5% 09/15/26 75026JAC4 $98,004.55 0.290 %
AMC NETWORKS IN 4.25% 02/15/29 00164VAF0 $97,546.67 0.290 %
LCPR SR SECURE 5.125% 07/15/29 50201DAD5 $91,921.34 0.280 %
ZAYO GROUP HOL 6.125% 03/01/28 98919VAB1 $94,736.59 0.280 %
MILLICOM INTL C 6.25% 03/25/29 600814AQ0 $92,469.53 0.280 %
CSC HOLDINGS L 3.375% 02/15/31 126307BF3 $94,974.02 0.280 %
LABL INC 10.5% 07/15/27 50168AAA8 $93,043.61 0.280 %
BOXER PARENT C 7.125% 10/02/25 103186AB8 $88,903.17 0.270 %
VODAFONE GROUP PL V/R 06/04/81 92857WBX7 $90,277.31 0.270 %
IHEARTCOMMUNIC 6.375% 05/01/26 45174HBC0 $90,144.34 0.270 %
MILLICOM INTL CE 4.5% 04/27/31 600814AR8 $88,675.32 0.270 %
SENSATA TECHNOL 3.75% 02/15/31 81728UAB0 $90,093.81 0.270 %
GEN DIGITAL IN 7.125% 09/30/30 668771AL2 $89,548.59 0.270 %
VIASAT INC 5.625% 09/15/25 92552VAK6 $90,217.12 0.270 %
NCR VOYIX CORP 5% 10/01/28 62886EAY4 $87,722.25 0.260 %
FRONTIER COMMU 5.875% 11/01/29 35908MAA8 $85,860.24 0.260 %
CONSOLIDATED COM 6.5% 10/01/28 20903XAF0 $87,153.32 0.260 %
ON SEMICONDUCT 3.875% 09/01/28 682189AQ8 $85,753.05 0.260 %
GRAY TELEVISIO 5.375% 11/15/31 389286AA3 $87,628.34 0.260 %
ADVANTAGE SALES 6.5% 11/15/28 00775PAA5 $88,162.15 0.260 %
GO DADDY OPCO/F 5.25% 12/01/27 38016LAA3 $84,487.68 0.250 %
LEVEL 3 FINANCI 10.5% 04/15/29 527298BX0 $83,753.33 0.250 %
ZI TECH LLC/ZI 3.875% 02/01/29 98981BAA0 $83,600.68 0.250 %
ZIGGO BOND CO BV 6% 01/15/27 98954UAB9 $84,270.66 0.250 %
GRAY TELEVISION 4.75% 10/15/30 389375AL0 $83,705.53 0.250 %
XEROX HOLDINGS C 5.5% 08/15/28 98421MAB2 $83,589.14 0.250 %
ION TRADING TECH 9.5% 05/30/29 46205YAB7 $78,787.48 0.240 %
HUGHES SATELLIT 5.25% 08/01/26 444454AD4 $80,622.61 0.240 %
GCI LLC 4.75% 10/15/28 36166TAB6 $79,065.99 0.240 %
OPEN TEXT INC 4.125% 12/01/31 683720AC0 $80,595.07 0.240 %
DISH DBS CORP 5.125% 06/01/29 25470XBD6 $78,953.93 0.240 %
MCGRAW-HILL EDUCAT 8% 08/01/29 57767XAB6 $80,328.02 0.240 %
SEAGATE HDD CAYM 8.5% 07/15/31 81180WBP5 $81,527.74 0.240 %
US CELLULAR CORP 6.7% 12/15/33 911684AD0 $80,718.59 0.240 %
PARAMOUNT GLOBAL V/R 02/28/57 92553PBC5 $76,414.94 0.230 %
TELECOM ITALIA 7.721% 06/04/38 87927VAV0 $76,396.93 0.230 %
TEGNA INC 4.75% 03/15/26 87901JAF2 $76,740.63 0.230 %
LAMAR MEDIA COR 3.75% 02/15/28 513075BR1 $77,495.72 0.230 %
CAPSTONE BORROWER 8% 06/15/30 140944AA7 $72,979.88 0.220 %
ELASTIC NV 4.125% 07/15/29 28415LAA1 $73,686.83 0.220 %
HELIOS SOFT/ION 8.75% 05/01/29 42329HAB4 $73,589.27 0.220 %
WMG ACQUISITION 3.75% 12/01/29 92933BAT1 $72,750.29 0.220 %
VIASAT INC 5.625% 04/15/27 92552VAL4 $74,933.10 0.220 %
OPTICS BIDCO SPA 7.2% 07/18/36 683879AF7 $71,778.00 0.220 %
AMKOR TECHNOLO 6.625% 09/15/27 031652BK5 $72,077.07 0.220 %
ZEBRA TECHNOLOGI 6.5% 06/01/32 989207AD7 $72,166.42 0.220 %
SENSATA TECHNO 6.625% 07/15/32 81728UAC8 $72,004.82 0.220 %
SEAGATE HDD CA 4.875% 06/01/27 81180WAR2 $74,391.91 0.220 %
DYE & DURHAM L 8.625% 04/15/29 267486AA6 $73,468.12 0.220 %
INSIGHT ENTERP 6.625% 05/15/32 45765UAC7 $72,616.79 0.220 %
VIASAT INC 7.5% 05/30/31 92552VAR1 $72,233.61 0.220 %
XEROX HOLDINGS 8.875% 11/30/29 98421MAC0 $72,835.13 0.220 %
LIONS GATE CAPIT 5.5% 04/15/29 53627NAE1 $73,474.46 0.220 %
SINCLAIR TELEV 4.125% 12/01/30 829259BA7 $70,351.91 0.210 %
VIRGIN MEDIA VEND 5% 07/15/28 92770QAA5 $69,494.24 0.210 %
MATCH GROUP HL 4.125% 08/01/30 57665RAL0 $68,911.26 0.210 %
ROCKET SOFTWARE 6.5% 02/15/29 77314EAA6 $69,101.16 0.210 %
CMG MEDIA CORP 8.875% 12/15/27 88146LAA1 $69,642.76 0.210 %
OPTICS BIDCO S 7.721% 06/04/38 683879AH3 $68,441.75 0.210 %
UNIVISION COMMUN 8.5% 07/31/31 914906AZ5 $69,041.87 0.210 %
BRITISH TELECOMMU V/R 11/23/81 11102AAG6 $70,092.47 0.210 %
SENSATA TECHNO 5.875% 09/01/30 81725WAL7 $70,953.20 0.210 %
CABLE ONE INC 4% 11/15/30 12685JAC9 $68,776.92 0.210 %
LAMAR MEDIA CO 3.625% 01/15/31 513075BZ3 $68,862.33 0.210 %
VODAFONE GROUP PL V/R 06/04/81 92857WBV1 $66,013.56 0.200 %
RINGCENTRAL INC 8.5% 08/15/30 76680RAJ6 $65,647.57 0.200 %
TWILIO INC 3.625% 03/15/29 90138FAC6 $67,130.63 0.200 %
CIMPRESS PLC 7% 06/15/26 17186HAG7 $67,359.83 0.200 %
NEWS CORP 5.125% 02/15/32 65249BAB5 $68,323.47 0.200 %
NEWFOLD DIGITA 11.75% 10/15/28 650929AA0 $68,416.59 0.200 %
SEAGATE HDD CAY 8.25% 12/15/29 81180WBN0 $65,169.93 0.200 %
TOWNSQUARE MED 6.875% 02/01/26 892231AB7 $66,372.33 0.200 %
URBAN ONE INC 7.375% 02/01/28 91705JAC9 $64,918.01 0.190 %
ALTERYX INC 8.75% 03/15/28 02156BAG8 $63,787.92 0.190 %
ZIFF DAVIS INC 4.625% 10/15/30 48123VAF9 $64,217.25 0.190 %
BRITISH TELECOMMU V/R 11/23/81 11102AAF8 $62,955.96 0.190 %
BANIJAY ENTERT 8.125% 05/01/29 060335AB2 $63,300.83 0.190 %
SEAGATE HDD CA 4.091% 06/01/29 81180WBC4 $63,294.38 0.190 %
TELECOM ITALIA C 7.2% 07/18/36 87927VAR9 $64,559.63 0.190 %
LAMAR MEDIA CORP 4% 02/15/30 513075BT7 $64,759.33 0.190 %
NCR VOYIX CORP 5.25% 10/01/30 62886EAZ1 $62,016.37 0.190 %
ANGI GROUP LLC 3.875% 08/15/28 001846AA2 $62,698.02 0.190 %
TWILIO INC 3.875% 03/15/31 90138FAD4 $61,797.03 0.190 %
WMG ACQUISITIO 3.875% 07/15/30 92933BAQ7 $63,617.98 0.190 %
DELUXE CORP 8% 06/01/29 248019AU5 $61,854.64 0.190 %
PTC INC 4% 02/15/28 69370CAC4 $63,016.42 0.190 %
IHEARTCOMMUNICA 5.25% 08/15/27 45174HBE6 $63,548.46 0.190 %
COGENT COMM GROU 3.5% 05/01/26 19240CAC7 $64,965.04 0.190 %
VERICAST CORP 12.5% 12/15/27 92342NAK9 $58,880.14 0.180 %
ARCHES BUYER I 6.125% 12/01/28 039524AB9 $59,259.78 0.180 %
MILLICOM INTL 5.125% 01/15/28 600814AN7 $60,717.60 0.180 %
MICROSTRATEGY 6.125% 06/15/28 594972AF8 $59,407.96 0.180 %
COGENT COMM GROUP 7% 06/15/27 19240CAE3 $60,579.51 0.180 %
UNISYS CORP 6.875% 11/01/27 909214BV9 $59,695.20 0.180 %
TTM TECHNOLOGIES I 4% 03/01/29 87305RAK5 $61,193.81 0.180 %
MILLENNIUM ESC 6.625% 08/01/26 60041CAA6 $59,340.69 0.180 %
LABL INC 5.875% 11/01/28 50168QAC9 $60,612.47 0.180 %
MILLICOM INTL 7.375% 04/02/32 600814AS6 $61,518.24 0.180 %
SEAGATE HDD CAY 5.75% 12/01/34 81180WAN1 $58,950.89 0.180 %
LEVEL 3 FINANCIN 4.5% 04/01/30 527298CD3 $59,996.46 0.180 %
MATCH GROUP HL 3.625% 10/01/31 57667JAA0 $57,999.74 0.170 %
ZIGGO BOND CO 5.125% 02/28/30 98953GAD7 $56,659.24 0.170 %
DISH DBS CORP 7.375% 07/01/28 25470XBB0 $56,868.26 0.170 %
MATCH GROUP HLD II 5% 12/15/27 57665RAG1 $58,177.61 0.170 %
MATCH GROUP HL 4.625% 06/01/28 57665RAN6 $55,402.13 0.170 %
ION TRADING TEC 5.75% 05/15/28 46205YAA9 $56,659.36 0.170 %
AMS-OSRAM AG 12.25% 03/30/29 03217CAB2 $54,623.08 0.160 %
CABLEVISION LI 3.875% 09/15/27 12687GAA7 $54,997.18 0.160 %
LABL INC 8.25% 11/01/29 50168QAD7 $53,355.45 0.160 %
IHEARTCOMMUNIC 8.375% 05/01/27 45174HBD8 $53,006.94 0.160 %
SUNRISE HOLDCO I 5.5% 01/15/28 90320LAG2 $53,476.03 0.160 %
SENSATA TECH I 4.375% 02/15/30 81728UAA2 $52,544.77 0.160 %
FAIR ISAAC CORP 5.25% 05/15/26 303250AE4 $50,079.91 0.150 %
LAMAR MEDIA CO 4.875% 01/15/29 513075BW0 $49,233.79 0.150 %
CARS.COM INC 6.375% 11/01/28 14575EAA3 $49,927.86 0.150 %
SCRIPPS ESCROW 3.875% 01/15/29 81105DAA3 $51,450.96 0.150 %
CABLEVISION LI 5.625% 09/15/28 12687GAB5 $51,674.94 0.150 %
WEST TECHNOLOGY 8.5% 04/10/27 956187AA6 $49,354.86 0.150 %
AHEAD DB HOLDI 6.625% 05/01/28 00867FAA6 $50,385.83 0.150 %
NEWFOLD DIGITAL HL 6% 02/15/29 29279XAA8 $51,265.69 0.150 %
ENTEGRIS INC 3.625% 05/01/29 29362UAD6 $45,959.40 0.140 %
SYNAPTICS INC 4% 06/15/29 87157DAG4 $46,338.61 0.140 %
CONSOLIDATED COMMU 5% 10/01/28 20903XAH6 $47,048.58 0.140 %
ALTICE FINANCI 9.625% 07/15/27 02154CAJ2 $46,219.86 0.140 %
ENTEGRIS INC 4.375% 04/15/28 29362UAC8 $48,211.76 0.140 %
BOXER PARENT C 9.125% 03/01/26 103186AC6 $46,657.25 0.140 %
VIASAT INC 6.5% 07/15/28 92552VAN0 $48,179.71 0.140 %
XEROX HOLDINGS COR 5% 08/15/25 98421MAA4 $47,258.57 0.140 %
HUGHES SATELLI 6.625% 08/01/26 444454AF9 $45,913.45 0.140 %
CIENA CORP 4% 01/31/30 171779AL5 $47,070.11 0.140 %
MATCH GROUP HL 5.625% 02/15/29 57665RAJ5 $44,541.00 0.130 %
MIDCONTINENT C 5.375% 08/15/27 59565XAC4 $44,871.75 0.130 %
VIAVI SOLUTIONS 3.75% 10/01/29 925550AF2 $43,727.21 0.130 %
VM CONSOLIDATED 5.5% 04/15/29 91835HAA0 $44,443.76 0.130 %
ATP TOW / AND T 4.05% 04/27/26 00216DAA9 $43,774.09 0.130 %
LEVEL 3 FINANCI 3.75% 07/15/29 527298BT9 $42,058.33 0.130 %
VIRTUSA CORP 7.125% 12/15/28 92837TAA0 $44,113.95 0.130 %
GOTO GROUP INC 5.5% 05/01/28 38349YAA3 $42,889.70 0.130 %
FRONTIER FLORID 6.86% 02/01/28 362333AH9 $41,694.72 0.120 %
RR DONNELLEY & 9.75% 07/31/28 257867BG5 $39,100.84 0.120 %
SINCLAIR TELEVIS 5.5% 03/01/30 829259AY6 $39,545.10 0.120 %
GETTY IMAGES IN 9.75% 03/01/27 374276AJ2 $41,605.51 0.120 %
COGENT COMMS GRP / 7% 06/15/27 19240WAA7 $40,563.41 0.120 %
LIBERTY INTERAC 8.25% 02/01/30 530715AJ0 $39,355.78 0.120 %
LABL INC 9.5% 11/01/28 50168QAE5 $41,235.17 0.120 %
HELIOS SOFT/IO 4.625% 05/01/28 42329HAA6 $40,900.15 0.120 %
LEVEL 3 FINANCING 4% 04/15/31 527298CH4 $36,871.19 0.110 %
LEVEL 3 FINANC 3.875% 10/15/30 527298CF8 $37,595.91 0.110 %
GANNETT HOLDINGS L 6% 11/01/26 36474GAA3 $36,270.04 0.110 %
SEAGATE HDD CA 4.125% 01/15/31 81180WBD2 $37,916.93 0.110 %
XEROX CORPORATI 6.75% 12/15/39 984121CB7 $35,708.12 0.110 %
IHEARTCOMMUNICA 4.75% 01/15/28 45174HBG1 $37,818.14 0.110 %
ALLEN MEDIA LLC 10.5% 02/15/28 01771YAA8 $36,545.38 0.110 %
SCRIPPS ESCROW 5.875% 07/15/27 81104PAA7 $36,426.01 0.110 %
LEVEL 3 FINANC 4.875% 06/15/29 527298CB7 $32,805.35 0.100 %
BLOCK COMMUNIC 4.875% 03/01/28 093645AJ8 $32,451.88 0.100 %
LUMEN TECHNOLO 4.125% 04/15/30 550241AC7 $32,329.50 0.100 %
US WEST COMM 7.25% 9/15/25 912920AK1 $30,475.91 0.090 %
TELESAT CANADA 5.625% 12/06/26 87952VAR7 $31,678.49 0.090 %
LEVEL 3 FINANCI 4.25% 07/01/28 527298BR3 $28,587.65 0.090 %
LEVEL 3 FINANC 4.625% 09/15/27 527298BN2 $29,583.31 0.090 %
SINCLAIR TELEV 5.125% 02/15/27 829259AW0 $30,368.14 0.090 %
LUMEN TECHNOLO 4.125% 04/15/29 550241AB9 $27,740.83 0.080 %
TELESAT CANADA 4.875% 06/01/27 87952VAP1 $25,076.91 0.080 %
BEASLEY MEZ HL 8.625% 02/01/26 07403VAA7 $22,504.64 0.070 %
GOTO GROUP INC 5.5% 05/01/28 38349YAB1 $21,879.80 0.070 %
XEROX CORPORATIO 4.8% 03/01/35 984121CL5 $22,590.23 0.070 %
SCRIPPS ESCROW 5.375% 01/15/31 81105DAB1 $24,675.61 0.070 %
CASTLE US HOLDIN 9.5% 02/15/28 14852LAA1 $20,894.51 0.060 %
LEVEL 3 FINANC 3.625% 01/15/29 527298BS1 $20,818.84 0.060 %
ALTICE FRANCE 5.125% 01/15/29 02156LAE1 $20,488.98 0.060 %
LUMEN TECHNOLOGI 7.6% 09/15/39 156700AM8 $16,841.61 0.050 %
LUMEN TECHNOLOGI 4.5% 01/15/29 156700BD7 $17,661.46 0.050 %
LIBERTY INTERACT 8.5% 07/15/29 530715AD3 $18,226.09 0.050 %
LUMEN TECHNOLOG 7.65% 03/15/42 156700AT3 $12,091.25 0.040 %
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 0.24020
Jun 3, 2024 Jun 3, 2024 Jun 6, 2024 0.24909
May 1, 2024 May 2, 2024 May 7, 2024 0.24403
Apr 1, 2024 Apr 2, 2024 Apr 5, 2024 0.24302
Mar 1, 2024 Mar 4, 2024 Mar 7, 2024 0.23878
Feb 1, 2024 Feb 2, 2024 Feb 7, 2024 0.25195
Dec 28, 2023 Dec 29, 2023 Jan 4, 2024 0.26067
Dec 1, 2023 Dec 4, 2023 Dec 7, 2023 0.25050
Nov 1, 2023 Nov 2, 2023 Nov 7, 2023 0.25985
Oct 2, 2023 Oct 3, 2023 Oct 6, 2023 0.22464
Sep 1, 2023 Sep 5, 2023 Sep 8, 2023 0.24181
Aug 1, 2023 Aug 2, 2023 Aug 7, 2023 0.25468
Jul 3, 2023 Jul 5, 2023 Jul 10, 2023 0.21703
Jun 1, 2023 Jun 2, 2023 Jun 7, 2023 0.27062
May 1, 2023 May 2, 2023 May 5, 2023 0.21252
Apr 3, 2023 Apr 4, 2023 Apr 7, 2023 0.08973
Mar 1, 2023 Mar 2, 2023 Mar 7, 2023 0.16690
Feb 1, 2023 Feb 2, 2023 Feb 7, 2023 0.18088
Dec 29, 2022 Dec 30, 2022 Jan 5, 2023 0.20711
Dec 1, 2022 Dec 2, 2022 Dec 7, 2022 0.19052
Nov 1, 2022 Nov 2, 2022 Nov 7, 2022 0.19442
Oct 3, 2022 Oct 4, 2022 Oct 7, 2022 0.18314
Sep 1, 2022 Sep 2, 2022 Sep 8, 2022 0.17532
Aug 1, 2022 Aug 2, 2022 Aug 5, 2022 0.20180
Jul 1, 2022 Jul 5, 2022 Jul 8, 2022 0.16880
Jun 1, 2022 Jun 2, 2022 Jun 6, 2022 0.18610
May 2, 2022 May 3, 2022 May 6, 2022 0.17490
Apr 1, 2022 Apr 4, 2022 Apr 7, 2022 0.26142

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/