The filling fraction limit (FFL) of skutterudites, that is, the complex balance of formation enthalpies among different species, is an intricate but crucial parameter for achieving high thermoelectric performance. In this work, we synthesized a series of Yb x Co 4 Sb 12 samples with x = 0.2-0.6 and systemically studied the FFL of Yb, which is still debated even though this system has been extensively investigated for decades. Our combined experimental efforts of X-ray diffraction, microstructural and quantitative compositional analyses clearly reveal a Yb FFL of~0.29 in CoSb 3 , which is consistent with previous theoretical calculations. The excess Yb in samples with x40.35 mainly form metallic YbSb 2 precipitates, significantly raising the Fermi level and thus increasing the electrical conductivity and decreasing the Seebeck coefficient. This result is further corroborated by the numerical calculations based on the Bergman's composite theory, which accurately reproduces the transport properties of the x40.35 samples based on nominal Yb 0.35 Co 4 Sb 12 and YbSb 2 composites. A maximum ZT of 1.5 at 850 K is achieved for Yb 0.3 Co 4 Sb 12 , which is the highest value for a single-element-filled CoSb 3 . The high ZT originates from the high-power factor (in excess of 50 μW cm-K − 2 ) and low lattice thermal conductivity (well below 1.0 W m-K − 1 ). More importantly, the large average ZTs, for example,~1.05 for 300-850 K and~1.27 for 500-850 K, are comparable to the best values for n-type skutterudites. The high thermoelectric and thermomechanical performances and the relatively low air and moisture sensitivities of Yb make Yb-filled CoSb 3 , a promising candidate for large-scale power generation applications.