XBB

BondBloxx BB-Rated USD High Yield Corporate Bond ETF

$40.99

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The BondBloxx BB-Rated USD High Yield Corporate Bond ETF (XBB) seeks to track the performance of a market-weighted index of US dollar-denominated, BB-rated high yield corporate bonds.

Overview

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

Category Fixed Income

Issuer Other

Inception Date 2022-05-26

Market Cap $315.6M

Average Volume N/A

Dividend Yield 4.52%

52-Week Range $38.95 - $41.59

VWAP $40.99

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

The BondBloxx BB-Rated USD High Yield Corporate Bond ETF (XBB) seeks to track the performance of a market-weighted index of US dollar-denominated, BB-rated high yield corporate bonds.

🎯 Investment Strategy

The ETF employs a passive, index-based approach, investing in a representative sample of bonds included in the underlying index. The index is designed to provide exposure to the BB-rated segment of the US high yield corporate bond market.

✨ Key Features

Focuses on US dollar-denominated, BB-rated high yield corporate bonds
Seeks to track the performance of a market-weighted index
Employs a passive, index-based investment strategy
Low expense ratio of 0.00%

⚠️ Primary Risks

Credit risk: Exposure to bonds with higher default risk compared to investment-grade bonds
Interest rate risk: Bond prices may decline as interest rates rise
Liquidity risk: Potential difficulty in buying or selling the underlying bonds
Concentration risk: Focused exposure to the BB-rated high yield corporate bond segment

👤 Best For

This ETF may be suitable for investors seeking exposure to the BB-rated segment of the US high yield corporate bond market as part of a diversified fixed income allocation. Investors should have a higher risk tolerance and a longer-term investment horizon to accommodate the potential volatility associated with high yield bonds.