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See exactly how XB's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for XB and 80,000+ other tickers.
XB 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 B1 through B3, based on an average of Moodys, 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…
Investors are returning to the bond market in force, driving fixed-income ETFs toward another record year as higher yields make bonds attractive for income-seeking investors once again.
While April was a tough month for the U.S. high yield market, May was a different story altogether. BondBloxx's latest Fixed Income Market Commentary highlighted the strong rebound for high yield bonds in May, bolstered from good earnings and “the largest retail inflows into the asset class this year.
The outlook for U.S. high yield fixed income may be more constructive than investors realize. High yield is well-known for being riskier than other segments in the fixed income market; however, strong corporate fundamentals have strengthened the integrity of the asset class.
High yield continues to live up to its name. In fact, it was the only major fixed income asset class to generate positive performance in August.
Issuers of high yield bonds remain resilient going into the second half of 2023, with their balance sheets still well-positioned. And according to BondBloxx, the credit quality breakdown within high yield remains better than before previous downcycles.