BBBL

BondBloxx BBB Rated 10+ Year Corporate Bond ETF

$48.61

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The BondBloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds with a BBB credit rating and a maturity of 10 years or more.

Overview

ETF tracking BondBloxx BBB Rated 10+ Year Corporate Bond ETF

Category Fixed Income

Issuer Other

Inception Date 2024-01-25

Market Cap $4.9M

Average Volume N/A

Dividend Yield 4.80%

52-Week Range $45.72 - $50.56

VWAP $48.63

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF employs a passive management strategy, seeking to replicate the performance of its underlying index by investing in a representative sample of the index constituents. The fund aims to provide exposure to the long-term, investment-grade corporate bond market with a focus on BBB-rated securities.

✨ Key Features

Exposure to U.S. dollar-denominated, investment-grade corporate bonds with a BBB credit rating
Focuses on bonds with a maturity of 10 years or more
Passively managed to track the performance of the underlying index
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of the fund's holdings may decline due to rising interest rates
Credit risk: The fund is exposed to the risk of default or downgrade of the underlying corporate bonds
Liquidity risk: The fund may experience difficulty in buying or selling certain holdings, which could affect its performance
Concentration risk: The fund's focus on BBB-rated bonds may make it more vulnerable to changes in the credit quality of that segment

👤 Best For

This ETF may be suitable for investors seeking exposure to the long-term, investment-grade corporate bond market with a focus on BBB-rated securities as part of a diversified fixed-income portfolio. Investors should have a moderate to long-term investment horizon and be willing to accept the risks associated with investing in corporate bonds.