BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF

Frequently Asked Questions About XTWY

What does XTWY invest in?

This ETF seeks to replicate an index comprising specific U.S. Treasury notes and bonds found within the Bloomberg US Treasury Index, in addition to principal-only U.S. Treasury Separate Trading of Registered Interest and Principal Securities (STRIPS). Under typical market conditions, the fund dedicates a minimum of 80% of its net assets (plus any borrowed funds utilized for investment purposes) to a selection of U.S. Treasury securities. These holdings are structured to achieve an average duration of approximately two decades, an objective met either through direct ownership or indirectly, such as via financial derivatives. The fund is categorized as non-diversified.

What is the expense ratio of XTWY?

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) charges an expense ratio of 0.13%. This is the annual fee deducted from fund assets to cover management and operations.

What is XTWY's distribution yield?

XTWY's trailing-twelve-month yield is 5.24%, calculated from the sum of distributions over the past year divided by the current price.

How does XTWY's covered-call strategy work?

XTWY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

What is the duration of XTWY?

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

What is the credit quality of XTWY?

XTWY'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.