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Description
The BondBloxx BB-Rated USD High Yield Corporate Bond ETF seeks to track the investment results of the ICE BofA BB US Cash Pay High Yield Constrained Index, which contains all bonds in the ICE BofA US Cash Pay High Yield Constrained Index that are rated BB1 though BB3, based on an average of Moody's Investors Services, Inc., SP Global Ratings and Fitch Ratings, Inc., but caps issuer exposure at 2%.