BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents

Frequently Asked Questions About TAXM

What does TAXM invest in?

Under typical conditions, this fund dedicates a minimum of 80% of its overall holdings – which encompasses both its own assets and any capital leveraged for investment purposes – to high-quality, U.S. dollar-denominated fixed-income debt securities. These investments are made either directly or indirectly, potentially through the use of derivative instruments.

What is the expense ratio of TAXM?

BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.

What is TAXM's dividend yield?

TAXM's trailing-twelve-month yield is 3.37%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TAXM?

Effective duration measures TAXM's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TAXM's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TAXM?

TAXM's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of TAXM?

Yield to maturity (YTM) is the total return you'd earn from TAXM if every bond in the portfolio is held to maturity at the current price. TAXM's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.