XCCC

BondBloxx CCC-Rated USD High Yield Corporate Bond ETF

$37.95

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The BondBloxx CCC-Rated USD High Yield Corporate Bond ETF seeks to track the performance of a market-weighted index of U.S. dollar-denominated, CCC-rated high yield corporate bonds.

Overview

ETF tracking BondBloxx CCC-Rated USD High Yield Corporate Bond ETF

Category Fixed Income

Issuer Other

Inception Date 2022-05-26

Market Cap $226.8M

Average Volume N/A

Dividend Yield 8.55%

52-Week Range $34.58 - $39.88

VWAP $37.94

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The BondBloxx CCC-Rated USD High Yield Corporate Bond ETF seeks to track the performance of a market-weighted index of U.S. dollar-denominated, CCC-rated high yield corporate bonds.

🎯 Investment Strategy

The ETF employs a passive, index-based approach, investing in a representative sample of the underlying index constituents to seek to replicate the index's performance. The index is designed to provide exposure to the CCC-rated segment of the U.S. high yield corporate bond market.

✨ Key Features

Provides exposure to the riskier, lower-rated segment of the high yield corporate bond market
Employs a passive, index-tracking strategy
Diversified portfolio of CCC-rated U.S. dollar-denominated high yield corporate bonds
Low expense ratio of 0.00%

⚠️ Primary Risks

High credit risk as the fund invests in lower-rated, CCC-rated corporate bonds
Increased interest rate risk due to the longer duration of high yield bonds
Liquidity risk as CCC-rated bonds may have lower trading volumes
Potential for higher volatility and risk of default compared to higher-rated bonds

👤 Best For

This ETF may be suitable for experienced, risk-tolerant investors seeking exposure to the higher-yielding, lower-rated segment of the U.S. high yield corporate bond market as part of a diversified fixed income portfolio. Investors should have a long-term investment horizon and be willing to accept the higher level of credit risk and volatility associated with CCC-rated bonds.