The XHYH ETF, sponsored by BondBloxx Investment Management, seeks to replicate the performance of the ICE Diversified US Cash Pay High Yield Healthcare Index. This non-diversified fund focuses on U.S. dollar-denominated below investment grade bonds from the healthcare sector, encompassing health facilities, health services, managed care, medical products, and pharmaceuticals sub-sectors. The Index utilizes a modified market value-weighted approach with a cap on individual issuer exposure, ensuring diversification within the healthcare sector. With a monthly reconstitution and rebalancing process, the XHYH ETF offers investors a way to gain exposure to the high-yield healthcare bonds market in a systematic and diversified manner.
Although the primary focus of the XHYH ETF may not be on dividends, it still reflects the dividend distribution of the underlying ICE Diversified US Cash Pay High Yield Healthcare Index. These distributions typically occur according to the policies of the underlying bonds, which are below investment grade (junk bonds) issued by companies in the healthcare sector. The Index constituents' eligibility for inclusion is based on various criteria, including risk exposure to select countries, below investment grade ratings, registration with the SEC, and substantial revenue or profit generation from healthcare assets. Investors in XHYH may find it suitable for high-yield income potential within the healthcare sector.
Tracking the ICE Diversified US Cash Pay High Yield Healthcare Index is the primary objective of the XHYH ETF. This ETF aims to mirror the performance of U.S. dollar-denominated below investment grade bonds issued by companies within the healthcare sector. The index includes bonds from various healthcare sub-sectors, such as health facilities, health services, managed care, medical products, and pharmaceuticals. With a focus on bonds with risk exposure to select countries within the FX-G10 and an average rating below investment grade, XHYH provides investors with a way to gain exposure to high-yield healthcare bonds while maintaining a diversified portfolio.
Understanding the correlation dynamics of the Xtrackers USD High Yield Corporate Bond ETF (XHYH) is essential for investors navigating the high-yield corporate bond market. While XHYH focuses on high-yield debt, its correlation with broader market indices and interest rates can impact its performance. Investors can leverage the ETF Insider tool to delve into XHYH's correlations, employing its web app and visualization tools to gain profound insights into how this ETF interacts with various market factors. By exploring correlations, investors can refine their strategies and make well-informed decisions based on a comprehensive understanding of XHYH's behavior within the investment landscape.
The XHYH Sector ETF seeks to replicate the performance of the ICE Diversified US Cash Pay High Yield Healthcare Index. This index comprises U.S. dollar-denominated below investment grade bonds issued by companies within the healthcare sector. These companies are involved in various healthcare sub-sectors, including health facilities, health services, managed care, medical products, and pharmaceuticals. The ETF offers investors exposure to high-yield bonds in the healthcare industry, making it suitable for those seeking income opportunities within the healthcare sector. However, it's essential to note that investing in below investment grade bonds carries higher risk due to their lower credit quality, which can result in higher yields but also increased susceptibility to default.
The exposure characteristic of the XHYH ETF focuses on the high-yield healthcare sector within the U.S. bond market. This ETF seeks to track the ICE Diversified US Cash Pay High Yield Healthcare Index, which comprises U.S. dollar-denominated below investment grade bonds from various healthcare sub-sectors, including health facilities, health services, managed care, medical products, and pharmaceuticals. By investing in this ETF, investors gain exposure to the potential returns and risks associated with high-yield bonds issued by healthcare companies in the United States.
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