BondBloxx IR+M Tax-Aware Short Duration ETF

Frequently Asked Questions About TAXX

What does TAXX invest in?

The BondBloxx IR+M Tax-Aware Short Duration ETF operates as an actively managed exchange-traded fund, meaning it does not aim to mirror the performance of any specific market index. Instead, its investment strategy dictates that, under typical market conditions, a minimum of 80% of its total capital (inclusive of any funds acquired through borrowing for investment purposes) will be allocated to a diversified collection of U.S. dollar-denominated, high-quality (investment-grade) fixed-income debt securities. These holdings may be obtained either directly or through indirect methods, such as utilizing derivatives.

What is the expense ratio of TAXX?

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

What is TAXX's dividend yield?

TAXX's trailing-twelve-month yield is 3.73%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TAXX?

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

What is the credit quality of TAXX?

TAXX'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 TAXX?

Yield to maturity (YTM) is the total return you'd earn from TAXX if every bond in the portfolio is held to maturity at the current price. TAXX'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.