XBB Stock, BondBloxx BB-Rated USD High Yield Corporate Bond ETF Information

Fund seeks to track the investment results of an index composed of BB (or its equivalent) fixed rate US dollar-denominated, high yield corporate bonds. The Fund is newly organized, non-diversified and seeks to track the investment results of the ICE BofA BB US Cash Pay High Yield Constrained Index (the Index), which contains all bonds in the ICE BofA US Cash Pay High Yield Index (the Underlying Index) that are rated BB1 though BB3, based on an average of Moodys Investors Services, Inc. (Moodys), S&P Global Ratings (S&P) and Fitch Ratings, Inc. (Fitch), but caps issuer exposure at 2 percent. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2 percent. Issuers that exceed the limit are reduced to 2 percent and the face value of each of their bonds is adjusted on a pro-rata basis.