BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
XHYC
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- BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF (XHYC) is a non-diversified exchange-traded fund that seeks to track the investment results of the ICE Diversified US Cash Pay High Yield Consumer Cyclical Index, comprising U.S. dollar-denominated, below-investment-grade corporate bonds issued by companies in the consumer cyclicals sector, including automotive, leisure, real estate development and management, department stores, and specialty retail subsectors. The fund invests primarily in high yield bonds such as those from Carnival Corporation, Nissan Motor Co., Hilton Domestic Operating Co., Caesars Entertainment, and Rakuten Group, with a portfolio heavily weighted toward corporate bonds at approximately 98.7% allocation and minor exposure to non-U.S. bonds and cash equivalents; it distributes income monthly and trades on the NYSE Arca exchange under ticker XHYC with CUSIP 09789C101. Launched on February 15, 2022, as part of the BondBloxx ETF Trust, the fund is managed by BondBloxx Investment Management Corporation, headquartered in Larkspur, California, and operates within the fixed income high yield bond segment targeting investors seeking exposure to economically sensitive consumer cyclical issuers. In October 2024, BondBloxx, the fund's sponsor, raised $27 million in a funding round led by Macquarie Asset Management, which maintained its minority stake and partnered on a planned first-of-its-kind private credit CLO ETF filed for SEC approval in September 2024; this capital supports expansion of the firm's 24 bond ETF lineup, now exceeding $3.4 billion in assets, amid strong fixed income ETF inflows. The funding underscores BondBloxx's rapid growth since its 2022 launch as the first ETF issuer focused exclusively on fixed income products spanning U.S. Treasuries, investment-grade, high yield, tax-aware, and emerging markets bonds. No significant acquisitions, name changes, or operational shifts specific to XHYC have been reported in the last 1-2 years, with the fund maintaining its sector-specific high yield strategy.