BondBloxx IR+M Tax-Aware Short Duration ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 25 holdings as of Apr 30, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About TAXX
The Fund is an actively managed exchange-traded fund (“ETF”) that does not seek to replicate the performance of a specified index. The Fund is newly organized and invests in a diversified portfolio of U.S. dollar-denominated municipal and taxable short duration fixed income securities that in the Sub-Adviser’s (as defined below) view offers relatively attractive after-tax income (i.e., securities that generate a greater amount of after-tax return than the comparable universe of U.S. dollar-denominated, investment-grade fixed income debt instruments over a specified period of time). The Fund invests, under normal circumstances, at least 50% of its total assets in municipal securities that pay interest that is exempt from U.S. federal income tax. These securities may pay interest that is subject to the U.S. federal alternative minimum tax and state and local income tax for certain taxpayers. The income earned and distributed to shareholders on taxable securities would not be exempt from U.S. federal, state or local income tax. The Fund invests, under normal circumstances, at least 80% of its total assets (plus the amount of any borrowings for investment purposes) either directly or indirectly (e.g., through derivatives) in a portfolio of U.S. dollar-denominated, investment-grade fixed income debt instruments. The fixed income debt instruments in which the Fund may invest include municipal securities, securities issued or guaranteed by the U.S. government and its agencies, corporate debt securities, agency and non-agency mortgage-backed securities of any kind, including commercial mortgage-backed securities (“CMBS”), asset-backed securities of any kind, and the rated debt tranches of collateralized loan obligations (“CLOs”) (i.e., securities backed by an underlying portfolio of loan obligations, which may include senior unsecured loans and subordinate corporate loans). “Investment-grade”securities are securities that at the time of purchase are rated above Baa3 by at least one nationally recognized statistical ratingorganizations (“NRSRO”). In the case of a split rated security (that is, two or more NRSROs give a security different ratings),the highest rating shall apply. The Fund may only invest in fixed income investments that have a minimum of B3 by Moody’s InvestorsServices, Inc. (“Moody’s”) or B- by S&P Global Ratings (“S&P”), or the equivalent by another NRSROor that are unrated but considered to be of equivalent quality by the Sub-Adviser. Those bonds rated Baa3/BBB-/BBB-, while consideredto be “investment grade,” may have speculative characteristics. Any credit quality requirements as to investments apply onlyat the time of an investment to which the requirement is applicable and shall not be considered violated unless an excess or deficiencyoccurs or exists immediately after and as a result of such investment. Accordingly, any later credit quality downgrade or change in circumstanceswill not be considered in determining whether any investment complies with the Fund’s credit quality limitation or requirement.Nevertheless, while the percentage of investments in investment grade securities is below 80%, the Fund will only purchase qualifyingsecurities and not purchase additional non-investment grade securities. The Fundmay invest up to 20% of its total assets in other securities, including fixed-income securities rated, at the time of purchase, belowinvestment grade (“high yield” or “junk” bonds) or the unrated equivalent as determined by the Sub-Adviser, U.S.dollar denominated foreign securities, securities of other registered investment companies, including ETFs, cash, and cash equivalents.The Sub-Adviser does not consider the term “junk bonds” to include any mortgage-backed securities or any other asset-backedsecurities, regardless of their credit rating or credit quality. The Fundexpects to invest up to 30% of its total assets in U.S. dollar-denominated, investment-grade fixed income debt instruments issued bynon-U.S. domiciled issuers. Income Research +Management (“IR+M” or the “Sub-Adviser”) serves as the Fund’s sub-adviser. The Sub-Adviser selectssecurities for the Fund based on a variety of factors, including credit quality, diversification benefits, and the relative expectedafter-tax returns of taxable and municipal securities (considering federal tax rates and without regard to state and local incometaxes). Consistent with the Fund’s investment objective, the Fund could continue to hold a security even if the interest onthat security changes from being tax-exempt to taxable. If the Fund should hold a municipal security that loses its tax-exemptstatus retroactively, the Sub-Adviser will evaluate the after-tax yield of the security relative to the broader universe of U.S.dollar-denominated, investment-grade fixed income debt instruments that the Sub-Adviser follows to determine whether to continue tohold or dispose of the security. Although the Fund may invest in instruments of any duration or maturity, the Fund normally willseek to maintain a weighted average portfolio duration of between 1.5 and 2 years. Duration is a measure of the expected life of afixed-income security that is used to determine the sensitivity of a security’s price to changes in interest rates. TheFund’s dollar weighted average portfolio duration, however, may be longer or shorter at any time or from time to time based onmarket conditions (including, among other events or factors, lack of liquidity in the bond markets or periods of high volatility andreduced liquidity) in the Sub-Adviser’s discretion. For example, the price of a security with a two-year duration would beexpected to drop approximately 2% in response to a 1% increase in interest rates. As part of its tax-aware strategy, the Fundtypically sells securities when, in the opinion of the Sub-Adviser, the anticipated performance benefit justifies the resultinggain. This strategy often includes minimizing the sale of securities with large unrealized gains, holding securities long enough toavoid short-term capital gains taxes, selling securities with a higher cost basis first and offsetting capital gains realized in onesecurity by selling another security at a capital loss.
TAXX News
- Why (TAXX) Price Action Is Critical for Tactical Trading
- Understanding Momentum Shifts in (TAXX)
- Understanding Momentum Shifts in (TAXX)
- Avoiding Lag: Real-Time Signals in (TAXX) Movement
- Patriot Financial Group Insurance Agency LLC Acquires New Shares in BondBloxx IR+M Tax-Aware Short Duration ETF $TAXX
- Discipline and Rules-Based Execution in TAXX Response
Data for TAXX is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.