TAXX

BondBloxx IR+M Tax Aware Short Duration ETF

$50.78

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The BondBloxx IR+M Tax Aware Short Duration ETF (TAXX) seeks to provide current income while maintaining a short duration profile, with a focus on tax-efficient returns.

Overview

ETF tracking BondBloxx IR+M Tax Aware Short Duration ETF

Category Fixed Income

Issuer Other

Inception Date 2024-03-14

Market Cap $198.1M

Average Volume N/A

Dividend Yield 2.99%

52-Week Range $50.06 - $51.08

VWAP $50.80

Performance

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Investment Summary

📎 Investment Objective

The BondBloxx IR+M Tax Aware Short Duration ETF (TAXX) seeks to provide current income while maintaining a short duration profile, with a focus on tax-efficient returns.

🎯 Investment Strategy

The fund invests primarily in a diversified portfolio of short-term, investment-grade fixed income securities. The portfolio is actively managed to maintain a duration of 1-3 years, aiming to generate income while limiting interest rate risk. The fund emphasizes securities that are tax-efficient for investors in higher tax brackets.

✨ Key Features

Short-term, investment-grade fixed income exposure
Actively managed portfolio with a 1-3 year duration target
Tax-efficient approach focused on securities that can provide after-tax returns
Low expense ratio of 0.00%

⚠️ Primary Risks

Interest rate risk: The fund's value may decline due to rising interest rates
Credit risk: The fund is exposed to the risk of default or downgrade of the underlying securities
Liquidity risk: The fund may have difficulty selling certain securities at an advantageous time and price
Tax risk: Changes in tax laws or regulations could affect the tax-efficient nature of the fund's investments

👤 Best For

This ETF may be suitable for investors seeking current income and tax-efficient returns, with a low to moderate risk tolerance and a short-term investment horizon. It can be used as a core fixed income allocation or to complement a broader portfolio.