Industry description
The investment seeks to track the investment results of the ICE Diversified US Cash Pay High Yield Telecom, Media & Technology Index composed of U.S. dollar-denominated, high yield corporate bonds in the telecommunications, media and technology sector.
Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in high-yield, below-investment grade bonds denominated in U.S. dollars of issuers in the telecom, media and technology sector, either directly or indirectly (e.g., through derivatives). It is non-diversified.
High and low price notable news
The average weekly price growth across all stocks in the BondBloxx US HY Telecm Md Tech Sctr ETF ETF was -16%. For the same ETF, the average monthly price growth was -11%, and the average quarterly price growth was -38%. BBGI experienced the highest price growth at -6%, while BBGI experienced the biggest fall at -6%.