XBB BondBloxx BB Rated USD High Yield Corporate Bond ETF
XBB Fund Description
XBB tracks a market value-weighted index that specifically invests in USD-denominated corporate bonds with a credit rating of BB (or its equivalent), based on an average of three main credit rating providers.
XBB Factset Analytics Insight
XBB is part of an ETF suite that targets specific niches of the high-yield corporate bond market. This fund invests in USD-denominated corporate bonds that are rated BB1 through BB3, based on an average of Moody’s, S&P, and Fitch. Eligible debt securities must be issued by companies having risk exposures as FX-G10 member countries, with at least $250 million outstanding face value. Bonds should have a maturity of at least 18 months at the time of issuance and at least one year remaining to maturity. Holdings are weighted according to market value, with each issuer capped at 2%. The fund has no limit to the number of issuers to be selected. If fewer than 50 qualify for inclusion, holdings will be weighted equally. The fund may invest up to 20% of its net assets in derivatives such as swaps, options, and futures contracts. Note: Although cash flows from bond payments are retained until each monthly rebalancing, it does not earn any reinvestment income while being held in the index.
XBB Summary Data
XBB Portfolio Data
XBB Index Data
XBB Portfolio Management
XBB Tax Exposures
XBB Fund Structure
XBB Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of XBB. XBB is rated a N/A out of 5.
XBB Sector/Industry Breakdown
XBB Top 10 Holdings[View All]
XBB Performance Statistics
XBB Holdings Statistics
XBB Avg Life Maturity Distribution
XBB OAS Breakdown
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.