BondBloxx USD High Yield Bond Financial & REIT Sector ETF (XHYF) is an exchange-traded fund that tracks the investment results of the ICE Diversified US Cash Pay High Yield Financial & REIT Index, comprising U.S. dollar-denominated, below-investment-grade corporate bonds issued by companies in the financial sector, including banking, financial services, and insurance sub-sectors, and the REIT sector consisting solely of debt from real estate investment trusts. The fund provides targeted exposure to high yield securities such as senior secured and unsecured notes from issuers including OneMain Financial Corporation, Iron Mountain Inc., Alliant Holdings Intermediate LLC, Rocket Companies Inc., and HUB International Ltd.; it distributes income monthly and maintains a portfolio heavily weighted toward corporate bonds at approximately 99.5% allocation. Launched on February 15, 2022, and listed on NYSE Arca, XHYF operates from the United States with assets under management of around $27.5 million as of December 2025 and a net expense ratio of 0.35%.
BondBloxx Investment Management Corporation, headquartered in Larkspur, California, serves as the fund sponsor and investment adviser, managing XHYF as part of its suite of over 24 fixed income ETFs focused exclusively on bond market segments including U.S. Treasuries, investment grade corporates, high yield, tax-aware strategies, and emerging markets bonds; the firm targets institutional and retail investors seeking precision fixed income tools with enhanced transparency, liquidity, and lower costs. In October 2024, BondBloxx raised $27 million in a funding round led by Macquarie Asset Management, which maintained its minority stake and participated in sub-advising the firm's September 2024 filing for a pioneering private credit CLO ETF (PCMM), supporting platform expansion amid fixed income ETF inflows exceeding $250 billion year-to-date in 2024. The company doubled assets under management to over $3.4 billion by late 2024 and launched additional tax-aware funds with IR+M in recent periods, reinforcing its leadership in sector-specific bond ETFs while issuing its 2026 Fixed Income Outlook and earning recognition as the 2025 Best International Fixed Income ETF Issuer.