At a glance
XCCC charges 0.4% a year, below the 0.44% average of the 7 funds most like it (the 3rd cheapest of 8). It has $263.7M in assets, the 8th largest of that group; it paid 11.14% of its price in distributions over the past 12 months, monthly. Over the past year it returned −6.4% with distributions reinvested, the weakest of those 8 funds; over three years it returned +7.7% a year. Its ten largest positions make up 14.8% of the fund, out of 182 in all.
The short version
BondBloxx CCC-Rated USD High Yield Corporate Bond ETF (XCCC) tracks the ICE CCC US Cash Pay High Yield Constrained Index. The index holds US dollar corporate bonds rated CCC, the lowest tier of "junk" bonds. That focus produced a trailing 12-month yield of 11.14% as of October 27, 2026, paid monthly, but it also carries more default risk than broader high-yield funds. Its 0.40% expense ratio is close to the 0.44% average of similar funds.
Price history
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XCCC -6.4% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| XCCC official prospectus, to Dec 31, 2025 | — | +7.60% | — | — | — | +10.04% |
| Bloomberg US Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes) index, same period | — | +7.30% | — | — | — | +2.54% |
| Ice CCC US Cash Pay HY Constrained Index (reflects no deduction for fees, expenses, or taxes) index, same period | — | +8.24% | — | — | — | +10.80% |
| XCCC price data to Oct 27, 2026 | -6.2% | -6.4% | +7.7% | — | — | +5.8% |
- Over the year to Oct 27, 2026, XCCC returned -6.4%, 8th of 8 among similar funds.
- Its worst full calendar year was 2025 (+7.3%); its best was 2023 (+20.5%).
- The deepest fall in its price history was 11% (Feb 26, 2025 to Apr 8, 2025), recovered by Jun 20, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | -6.2% | — |
| 2025 | +7.3% | +7.60% |
| 2024 | +13.1% | +12.95% |
| 2023 | +20.5% | +19.26% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $2.7800 | |
| 2025 | $3.8400 | -8.4% |
| 2024 | $4.1900 | -9.9% |
| 2023 | $4.6500 |
What's inside
As of Jul 31, 2026, the fund held 182 securities; the ten largest made up 14.75% of assets.
| Holding | Weight | |
|---|---|---|
| ATHENAHEALTH GRO 6.5% 02/15/30 Bonds and notes | 1.98% | |
| CONNECT HOLDING 10.5% 04/03/31 Bonds and notes | 1.97% | |
| ARDONAGH GROUP 8.875% 02/15/32 Bonds and notes | 1.56% | |
| HUB INTERNATIO 7.375% 01/31/32 Bonds and notes | 1.53% | |
| 1261229 BC LTD 10% 04/15/32 Bonds and notes | 1.50% | |
| MCAFEE CORP 7.375% 02/15/30 Bonds and notes | 1.41% | |
| MAUSER PACKAGIN 9.25% 04/15/30 Bonds and notes | 1.24% | |
| BRAND INDUSTR 10.375% 08/01/30 Bonds and notes | 1.19% | |
| FERTITTA ENTERT 6.75% 01/15/30 Bonds and notes | 1.18% | |
| SURGERY CENTER 7.25% 04/15/32 Bonds and notes | 1.18% | |
| CLARIOS GLOBAL 6.75% 09/15/32 Bonds and notes | 1.17% | |
| HOWDEN UK REFI 8.125% 02/15/32 Bonds and notes | 1.06% | |
| CHS/COMMUNITY 6.875% 04/15/29 Bonds and notes | 1.02% | |
| WR GRACE HOLDI 5.625% 08/15/29 Bonds and notes | 1.02% | |
| DISH DBS CORP 5.75% 12/01/28 Bonds and notes | 1.02% |
By country
United States 77.78%Canada 5.36%Luxembourg 2.33%N/A 2.14%Jersey 2.13%By issuer
Companies 96.53%The bonds mature in 4 years on average (weighted by size), with an average coupon of 7.7%.
Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors withdrew a net $30.6M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.34%, -0.32%, -0.61%.
How it works
XCCC follows the ICE CCC US Cash Pay High Yield Constrained Index. The index starts with the broader ICE BofA US Cash Pay High Yield Index. It keeps only bonds rated CCC1 through CCC3, based on an average of ratings from Moody's, S&P and Fitch. CCC sits near the bottom of the credit scale. It is given to companies seen as having a real chance of missing payments. Each bond must have at least $250 million outstanding and at least one year left to maturity. Its issuer must be tied to developed countries such as the US, Canada, Japan and much of Europe.
Bonds are weighted by how much debt is outstanding, but no single issuer can exceed 2% of the index. If fewer than 50 issuers qualify, each is weighted equally. The index had about 204 bonds as of December 31, 2025, and it is rebalanced monthly.
BondBloxx does not buy every bond. It uses "representative sampling," which means holding a subset of bonds chosen to match the index's yield, maturity, ratings and sector mix. As of July 31, 2026, the fund held 182 positions, with an average of about 4 years to maturity and a 7.7% average coupon. At least 80% of assets must be in CCC-rated corporate bonds. Portfolio turnover was 60%, so a large share of the holdings changes each year.
What it really costs
- XCCC charges 0.4% a year, versus an average of 0.44% for the similar funds below (3rd of 8, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $41 in the first year and $505 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| XCCC | $41 | $128 | $224 | $505 |
Structure and tax notes
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
XCCC owns only the lowest-rated tier of junk bonds, so its high income comes with credit risk closer to stocks than to a typical bond fund.
XCCC could add a large stream of monthly income: its trailing 12-month yield was 11.14% as of October 27, 2026. The trade-off is credit risk. The fund launched in May 2022, so it has no record through the 2008 crisis, the 2020 crash or the full 2022 bear market. Its deepest drop was 11%, from February 26 to April 8, 2025. It recovered by June 20, 2025, about 2.4 months later. Every full calendar year has been positive, and 2025 was the weakest at 7.6%. But shares were down 6.2% for 2026 through October 27. Anyone who must sell in a slump could lock in losses. In the SEC's standard example, the 0.40% expense ratio costs about $41 in the first year on $10,000. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Income seekers who accept heavy credit risk for monthly payouts; the trailing yield was 11.14% as of October 27, 2026.
- Investors wanting a small, targeted slice of the lowest-rated junk bonds alongside a higher-quality bond core.
- Those who value spread-out issuer risk: a 2% issuer cap, 182 positions, and a top 10 of 14.75% as of July 31, 2026.
Look elsewhere if
- Investors wanting bonds to steady a portfolio; CCC issuers carry high default risk, and XCCC fell 6.2% in 2026 through October 27.
- Cost-focused buyers of broad high yield: Xtrackers USD High Yield Corporate Bond ETF (HYLB) charges 0.05% versus XCCC's 0.40%.
- Those wanting a long track record or a large fund: XCCC launched in May 2022 and is the smallest of its peer group.
Close alternatives
Matched by bond funds with the closest average maturity and issuer mix (N-PORT).
| Fund | Avg. maturity | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| XCCC this fund | 4 yrs | 0.4% | $263.7M | -6.4% | +7.7% |
| HYS PIMCO 0-5 Year High Yield Corporate Bond In… | 4.2 yrs | 0.57% | $1.69B | +1.2% | +8.5% |
| HYLB Xtrackers USD High Yield Corporate Bond ETF | 4.6 yrs | 0.05% | $3.56B | +1.6% | +8.7% |
| BKLN Invesco Senior Loan ETF | 4.8 yrs | 0.65% | $6.74B | +3.9% | +6.9% |
| BSJT Invesco BulletShares 2029 High Yield Corpor… | 3 yrs | 0.42% | $596.0M | +2.5% | +9.1% |
| SHYG iShares 0-5 Year High Yield Corporate Bond … | 3.1 yrs | 0.3% | $7.60B | +2.4% | +8.0% |
| SJNK SPDR Bloomberg Short Term High Yield Bond E… | 3.1 yrs | 0.4% | $4.88B | +1.5% | +7.8% |
| SRLN SPDR Blackstone Senior Loan ETF | 5.2 yrs | 0.7% | $5.21B | +3.7% | +7.0% |
Questions investors ask
Is XCCC good for retirement income?
It can produce high income, but with high risk. XCCC pays monthly and had a trailing 12-month yield of 11.14% as of October 27, 2026. That yield comes from lending to companies rated CCC, the lowest junk tier, where defaults are more common. Its price-based return was -6.4% for the year ending October 27, 2026. It may suit investors who treat it as a small income add-on rather than a core bond holding.
Does XCCC pay monthly dividends?
Yes. XCCC pays distributions monthly. Over the 12 months to October 27, 2026, it paid $3.68 per share, a trailing yield of 11.14%. The payments come from interest on its bonds, which had an average coupon of 7.7% as of July 31, 2026. Payouts can shrink if issuers default or if maturing high-coupon bonds are replaced with lower-paying ones, so past distributions are no guarantee of future ones.
What's the difference between XCCC and HYLB?
XCCC holds only CCC-rated bonds, the riskiest slice of the high-yield market. Xtrackers USD High Yield Corporate Bond ETF (HYLB) tracks the broader US dollar high-yield market. HYLB costs 0.05% a year versus 0.40% for XCCC. As of October 27, 2026, HYLB returned 1.6% over one year against -6.4% for XCCC, and 8.7% versus 7.7% a year over three years. XCCC's narrower focus brings a higher yield but more default risk.
Is XCCC down in 2026?
Yes. Through October 27, 2026, XCCC's price-based return was -6.2% for the year to date and -5.3% over the prior three months. Before that came three positive full years: 19.26% in 2023, 12.95% in 2024 and 7.6% in 2025, according to the prospectus. CCC bonds tend to fall when investors worry more about defaults. The fund also had about $30.6 million of net outflows in the three months through July 31, 2026.
How risky is XCCC?
It is riskier than most bond funds. XCCC buys bonds rated CCC, a grade for companies with a meaningful chance of default, and its prospectus warns that investors could lose all or a substantial part of their investment. Its deepest drop since launch was 11%, from February to April 2025, and it recovered by June 2025. Changes in interest rates also move its price, though its average maturity of about 4 years limits that effect.