BondBloxx Bloomberg One Year Target Duration US Treasury ETF

Frequently Asked Questions About XONE

What does XONE invest in?

XONE is part of BondBloxxs suite of duration-specific US Treasury ETFs. Starting with the constituents of the funds parent indices, the portfolio is constructed using two duration buckets of US Treasury securities: 6-to-12-month duration securities from the Bloomberg US Short Treasury Index and 12-to-18-month duration securities from the Bloomberg US Treasury Index. These two buckets are blended according to a weighting scheme required to achieve a target average portfolio duration of one year. Although, investors should note that the portfolio duration may drift away from the target between each monthly rebalance. The fund may obtain exposure to US Treasurys by investing directly or indirectly through derivatives and invest up to 20% of its net assets in other US government obligations, agency securities, cash, and cash equivalents.

What is the expense ratio of XONE?

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) charges an expense ratio of 0.03%. This is the annual fee deducted from fund assets to cover management and operations.

What is XONE's dividend yield?

XONE's trailing-twelve-month yield is 4.28%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of XONE?

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

What is the credit quality of XONE?

XONE'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 XONE?

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