Key stats
About BondBloxx IR+M Tax-Aware Short Duration ETF
Home page
Inception date
Mar 14, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Bondbloxx Investment Management Corp.
Distributor
Foreside Fund Services LLC
ISIN
US09789C7213
TAXX constructs a tax-efficient portfolio comprising USD-denominated municipal and taxable short-duration fixed income securities, albeit not entirely tax-free. The strategy centers on identifying securities that offer superior after-tax returns compared to their counterparts. At least 50% of the portfolio is held in municipal securities exempted from US federal income tax, while the remainder is allocated to investment grade fixed income securities, including government bonds, corporate debt, and mortgage-backed securities. The portfolio may allocate up to 20% to high-yield foreign debts, provided rated securities meet a minimum rating of B3/B-/B-. Meanwhile, investment grade non-US debts are capped at 30%. Although investments may include debts of any maturity, the fund aims to maintain a weighted average portfolio duration between 1.5 and 2 years. Lastly, holdings are optimized to minimize tax implications, with securities sold and duration managed to mitigate risks.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Securitized
Corporate
Bonds, Cash & Other100.00%
Municipal70.97%
Securitized14.59%
Corporate11.31%
Cash3.13%
Stock breakdown by region
North America95.90%
Europe4.10%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TAXX invests in bonds. The fund's major sectors are Municipal, with 70.97% stocks, and Securitized, with 14.59% of the basket. The assets are mostly located in the N/A region.
TAXX last dividends amounted to 0.15 USD. The month before, the issuer paid 0.16 USD in dividends, which shows a 2.17% decrease.
TAXX assets under management is 194.73 M USD. It's risen 2.77% over the last month.
TAXX fund flows account for 114.50 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, TAXX pays dividends to its holders with the dividend yield of 3.59%. The last dividend (Sep 5, 2025) amounted to 0.15 USD. The dividends are paid monthly.
TAXX shares are issued by Bondbloxx Investment Management Corp. under the brand BondBloxx. The ETF was launched on Mar 14, 2024, and its management style is Active.
TAXX expense ratio is 0.35% meaning you'd have to pay 0.35% of your investment to help manage the fund.
TAXX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TAXX invests in bonds.
TAXX price has risen by 0.23% over the last month, and its yearly performance shows a 0.60% increase. See more dynamics on TAXX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.51% over the last month, showed a 1.58% increase in three-month performance and has increased by 3.37% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.51% over the last month, showed a 1.58% increase in three-month performance and has increased by 3.37% in a year.
TAXX trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.