TAXM

BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents

$50.37

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) seeks to provide Massachusetts residents with tax-efficient exposure to the investment-grade municipal bond market.

Overview

ETF tracking BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents

Category Fixed Income

Issuer Other

Inception Date 2025-03-13

Market Cap $14.1M

Average Volume N/A

Dividend Yield 2.15%

52-Week Range $48.33 - $50.57

VWAP $50.41

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) seeks to provide Massachusetts residents with tax-efficient exposure to the investment-grade municipal bond market.

🎯 Investment Strategy

The ETF invests primarily in investment-grade municipal bonds issued by the state of Massachusetts and its local governments. The fund's portfolio is actively managed to maintain a high-quality, tax-advantaged fixed income exposure for Massachusetts-based investors.

✨ Key Features

Focuses on investment-grade municipal bonds from Massachusetts issuers
Designed to provide tax-efficient income for Massachusetts residents
Actively managed portfolio to optimize tax benefits and risk-adjusted returns
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The value of municipal bonds may decline as interest rates rise
Credit risk: The fund is exposed to the creditworthiness of the underlying municipal bond issuers
Concentration risk: By focusing on Massachusetts municipal bonds, the fund has higher geographic concentration risk
Liquidity risk: Municipal bonds may have lower trading volume, which can impact the fund's ability to sell positions

👤 Best For

This ETF is best suited for Massachusetts-based investors seeking tax-efficient exposure to investment-grade municipal bonds. It may be appropriate for those in higher tax brackets looking to generate tax-advantaged income while maintaining a relatively low-risk fixed income allocation.