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About BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
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Inception date
Feb 15, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Bondbloxx Investment Management Corp.
Distributor
Foreside Fund Services LLC
ISIN
US09789C1018
XHYC is part of the first suite of high-yield corporate bond ETFs to target specific market sectors. This fund invests in USD-denominated high-yield corporates in the consumer cyclicals sector. An issuer is considered if it derives at least 50% of its revenue from the ownership, operation, development, construction, management, financing, leasing or sale of consumer cyclical assets. Eligible bonds must be companies having risk exposure to 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 to maturity. Holdings are initially market value-weighted, with single issuers capped at 25%. The fund is then grouped into large- and small-cap segments based on the initial weights. Issuers in the small-cap segment are capped at 4.85%, and the aggregate weight of issuers on the large-cap portion is capped at 48%. The index rebalances and reconstitutes monthly.
Related funds
Classification
What's in the fund
Exposure type
Corporate
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
XHYC assets under management is 30.93 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
XHYC invests in bonds. See more details in our Analysis section.
XHYC expense ratio is 0.35%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, XHYC isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, XHYC pays dividends to its holders with the dividend yield of 6.61%.
XHYC shares are issued by Bondbloxx Investment Management Corp.
XHYC follows the ICE Diversified US Cash Pay High Yield Consumer Cyclical Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 15, 2022.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.