The time has come to modernize fixed income investing

BondBloxx is the first ETF issuer
100% focused on fixed income

We believe in the unique power and potential of ETFs to improve investment performance by delivering greater transparency, lower costs and increased liquidity.

The Fixed Income
ETF Revolution

Investors are ready for new precision tools that pair the advantages of ETFs with the ability to execute targeted fixed income views.
ETF products have transformed markets over the last twenty years because they offer transparency, diversification and liquidity at a low cost.
Innovations in bond market data, analytics and trading technology have transformed the markets creating new opportunities for the development of innovative fixed income products.
BondBloxx will harness the collective experience of an industry-leading team to build ETFs that enable more choice and greater flexibility in how investors navigate the bond market.

BondBloxx will seek to empower investors, offering precision exposure fixed income ETFs that leverage the modern dynamics of the marketplace.

Innovative Founders

Industry Leaders

Our team has spent their careers challenging the status quo with first-to-market products and insights on how to use them – and we continue to be driven by the same passion to create new opportunities for investors.

"ETF technology has the potential to create enormous value for fixed income investors, and at BondBloxx our mission is to unlock that potential."

Leland C. Clemons
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"A landscape ready for accelerated innovation means new opportunity for clear and targeted fixed income strategies."

Joanna Gallegos
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“We believe the future of ETFs in the fixed income space is just beginning.”

Brian O’Donnell
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"Sophisticated bond investors are eager for more innovation and choices in fixed income ETFs."

Elya Schwartzman
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"We are very excited to provide tailored exposures, previously only available in equities, across the fixed income spectrum."

Mark Miller
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"BondBloxx is exciting because it combines product innovation and capital markets disruption to offer new investing tools."

Tony Kelly
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Our Collective Experience*

350 + ETFs

created

$1 trillion

AUM in ETF created

First & largest

fixed income ETFs on the market today

*Founding team led or was part of launch team for funds while working at previous employers. The AUM of those products is over $1T as of 8/31/21.

Newsroom
Leland C. Clemons

Leland is a recognized innovator and leader within the capital markets and asset management industries who has led numerous market structure reforms to enhance transparency within the ETF industry, helped to architect exchange trading rules that now benefit investors around the world and championed innovations that made ETFs more accessible to both institutional and retail investors globally.

Prior to founding BondBloxx, Mr. Clemons was Head of Fixed Income and Derivatives for Tradeweb Europe where he led accelerated growth in the Credit, Rates and Automated execution products, including the introduction of portfolio trading in European Credit.

Prior to Tradeweb, he served in a variety of roles in BlackRock’s ETF division from 2005-2019, including Global Head of Markets and Investment Strategy, where he was responsible for the investment strategy, portfolio consulting and capital markets teams within the $2 trillion iShares ETF business. During his time at BlackRock, Leland held leadership roles in both the US and Europe, helping to grow ETF assets from less than $100 billion to over $2 trillion by 2019.   

Leland holds an MBA from Columbia Business School and a Bachelor of Science in economics from Washington and Lee University. He has served on BlackRock’s Global ETF Executive Committee and ETF Global Markets and Investments Leadership Committee, as well as BlackRock’s Trading and Liquidity Strategies Executive Committee. He is named as inventor on a US patent for a system to protect individual investors in a blind ETF with a small lot redemption trigger, developed during his time at BlackRock.

Joanna Gallegos

Joanna is a global leader in ETF design, distribution and growth and has an extensive track record in launching new businesses, entering highly competitive markets, and building high performing teams as an architect behind over 175 leading ETF products. She has demonstrated success across all phases of the ETF business, including distribution strategy, capital markets effectiveness, the strategic product lifecycle, and building financial enterprise systems. 

Before joining BondBloxx, Joanna served in a variety of roles as an inaugural member of the management team brought on to build out the ETF business at J.P. Morgan Asset Management from 2013-2021, including Head of its US ETF business and Head of Global ETF Strategy, where she led the firm’s efforts to design, develop, launch and manage a complete range of ETF products and helped JPM become a Top 10 Provider of ETFs, with over $65 billion in AUM. Prior to J.P. Morgan, she served in a variety of roles at BlackRock’s iShares division, including Senior Product Manager and Managing Director of the firm’s strategic initiatives group, from 1999 to 2013, where she was instrumental in planning, building and launching many of the industry’s largest and most liquid equity, fixed income and alternative ETFs.

Joanna holds a Bachelor of Science from Sonoma State University in Business Administration & Finance. She is named as inventor on a patent for Multi-Basket Structure for Exchange Traded Funds (ETF), developed during her time at BlackRock, and a System and Method for Dynamic Implementation of Exchange Traded Funds, developed during her time at J.P. Morgan. She holds the FINRA Series 7, 63 and 24 licenses and is a member of Women in ETFs.

Brian O’Donnell

Brian O’Donnell has 25 years of experience in growing transformational products and brands. Combining an innovative and strategic approach, he has consistently demonstrated the ability to create and provide best-in-class solutions for clients and excellent business results for the organizations he has served.  

Before joining BondBloxx, Brian was Senior Vice President, leading Sales, Business Strategy, Enablement and Administration for Funds and Managed Accounts at Northern Trust Asset Management from 2018-2021. His responsibilities included developing sales and business strategy to deliver the firm’s ETF, mutual fund, and multi-asset class investment solutions; refining distribution effectiveness; expanding reach into new client channels and segments, particularly growing institutional adoption of ETFs; and enhancing business intelligence through data and analytics. Prior to Northern Trust, he held a variety of roles from 2001-2017 at BlackRock, where he led sales for BlackRock’s Liquidity effort, Institutional and RIA Distribution for BlackRock and iShares, and he was instrumental in the launch of iShares ETFs to the Asia Pacific and Australian marketplaces. Before BlackRock, he served as a Financial Advisor for Prudential Securities from 1997-2000. 

Brian holds a Bachelor of Arts in Finance from the University of Colorado in Boulder. He is an active community member with his local church and kids’ school. He has mentored a Marine Corps veteran through American Corporate Partners and members of Women in ETFs, along with the CFA Society of Chicago and other industry organizations. He holds FINRA Series 7, 63, 65 and 24 licenses.

Elya Schwartzman

As a pioneer and leader with significant experience in fixed income, index, and ETF Fund management, Elya has led the design and implementation of an array of tools, technology, and procedures behind many of the industry’s leading fixed income ETF products.

Before joining BondBloxx, Elya served as a team leader and Senior Portfolio Manager at BlackRock from 2010 to 2020, where he oversaw $200 billion in AUM globally, and designed integral systems to support ETF primary markets, asset growth, and custom basket activity. Prior to BlackRock, Elya served as Senior Portfolio Manager at State Street Global Advisors (SSGA) from 1999 to 2010, where he was instrumental in the launch of the fixed income ETF suite for SPDRs and developed essential tools for the management and oversight of fixed income ETFs when they were nascent to the market. As an independent consultant, he helped lead the design, tools and procedures of the fixed income ETF launch at both Wells Fargo and T. Rowe Price. He is named as inventor on a US patent on a system for processing ETF custom baskets, developed during his time at BlackRock.

Elya holds an MBA from the Sloan School of Management at MIT and a bachelor’s degree in economics from Trinity College. He is an active philanthropist, disability rights activist, and board member who serves on the Advisory Board for ETF Logic, as Endowment Chair for the Tam High Foundation, as D&I advisor for the National Stuttering Association and as Founder and former President of the Boston Speech Foundation.

Mark Miller

As a lifelong financial professional with experience across fixed income credit and equities, Mark has a deep understanding of the needs of institutional credit investors. He has been instrumental in driving growth for some of the largest and most innovative financial products on the market today.

Before joining BondBloxx, Mark ran institutional distribution for HSBC in North and South America.  From 2017-2019, he was a Managing Director and Head of Market Sales across both fixed income and equities.  Prior to HSBC, he served in Blackrock’s iShares division from 2013-2016 as a Managing Director where he was responsible for the growth of fixed income ETFs with institutional investors.  Prior to BlackRock, Mark served as President from 2009-2013 at The Seaport Group (now Seaport Global), a fixed income investment banking boutique specializing in high yield debt, distressed debt, emerging markets debt, and high-grade credit products.  Prior to Seaport, he served as Head of Global Markets Institutional Sales for both fixed income and equities at Bank of America from 2004-2008.  Mark began his career at Salomon Brothers/Citigroup, where he spent 20 years in the fixed income division, ending as a Managing Director and Head of Global Distribution for all U.S. Credit Products. 

Mark studied at Cornell University and currently serves on the Advisory Council for Cornell (Class of 1984).  He also serves on the Advisory Board for Shatterproof (shatterproof.org) and as the Board Chair for P.O.T.S (Part of the Solution – potsbronx.org) in The Bronx, NY.

Tony Kelly

Tony is a trailblazer in ETF product design, structuring, and trading who has overseen the launch of over 150 ETFs. He is a proven leader with a demonstrated ability to grow, manage, and develop high-performing teams of talented professionals in high-velocity environments.

Before joining BondBloxx, Tony served as Global Head of Product and Strategy for the ETF business at the Goldman Sachs Asset Management, Inc. from 2015 to 2021. Prior to Goldman Sachs, he served in a variety of role in a variety of roles at Barclays Global Investors and BlackRock where he was a Managing Director with responsibility for managing the development of over 150 funds and establishing the capital markets group at iShares from 2000 to 2015. He began his career as an Investment Analyst at McMorgan & Company from 1998 to 2000 and an Equity Trading Assistant at Donaldson, Lufkin & Jenrette from 1996 to 1998.

Tony holds a Bachelor of Business Administration from Baruch College, City University of New York and a Master of Science in Finance from Georgetown University. He is named as inventor on a patent for a multi-basket structure for exchange traded funds (ETFs) and on a system to protect individual investors in a blind trust ETF with small lot redemption trigger, both established during his time at BlackRock. He is an active board and community member who served on the Fixed Income Index Advisory Board for the London Stock Exchange Group and on the Leading Disruptive Innovation Advisory Board at Rutgers University. As an advocate for the creation of professional opportunities for members of unrepresented communities, he has served as a mentor for incoming analysts at Goldman Sachs; for veterans transitioning into the business world through American Corporate Partners; and for college students in the City College of New York system through City Tutors. He holds a Series 7, 63 and 24 license.

NAV: Inception date for NAV calculation is as of 2/15/22.

Premium Discount disclosure to be added here.

Index disclosure to be added here.

Market Price: Inception date for Market Price Calculation is as of 2/17/22. Market Returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.

Total return disclosure to be added here.

The Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Index Market Cap represents aggregate market value of bonds in the underlying index.

The yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made per the past twelve months.

30 Day SEC Yield: A standard calculation of yield introduced by the SEC in order to provide fairer comparison among funds. It is based on the most recent 30-day period. This yield figure reflects the interest earned during the period after deducting the Fund’s expenses for the period. It does not reflect the yield an investor would have received if they had held the Fund over the last twelve months assuming the most recent NAV. Distributions may vary from time to time.

Spread Duration is a measure of the potential responsiveness of a bond or portfolio price to small parallel shifts in interest rates.

The values shown are based off of a price provided by the Fund’s third-party index provider, using the bid price for each security (the “index price”). Because the Fund values its securities at the midpoint between the bid and ask prices for most securities, the index price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). The values shown may have been different if the valuation price were to have been used to calculate such values. The index price is as of the most recent date for which a price is available, and may not necessarily be as of the date shown above.

Option Adjusted Spread: The weighted average incremental yield earned over similar duration US Treasuries, measured in basis points. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date. 

The values shown are based off of a price provided by the Fund’s third-party index provider, using the bid price for each security (the “index price”). Because the Fund values its securities at the midpoint between the bid and ask prices for most securities, the index price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). The values shown may have been different if the valuation price were to have been used to calculate such values. The index price is as of the most recent date for which a price is available, and may not necessarily be as of the date shown above.

Yield to Worst: The bond yield computed by using the lower of either the yield to maturity or the yield to call on every possible call date.

The values shown are based off of a price provided by the Fund’s third-party index provider, using the bid price for each security (the “index price”). Because the Fund values its securities at the midpoint between the bid and ask prices for most securities, the index price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). The values shown may have been different if the valuation price were to have been used to calculate such values. The index price is as of the most recent date for which a price is available, and may not necessarily be as of the date shown above.

Yield to Maturity: The discount rate that equates the present value of a bond’s cash flows with its market price (including accrued interest). The Fund Average Yield to Maturity is the weighted average of the fund’s individual bond holding yields based on Net Asset Value (‘NAV’). The measure does not include fees and expenses. For callable bonds, this yield is the yield-to-worst.

The values shown are based off of a price provided by the Fund’s third-party index provider, using the bid price for each security (the “index price”). Because the Fund values its securities at the midpoint between the bid and ask prices for most securities, the index price is not necessarily the price at which the Fund values the portfolio holding for the purposes of determining its net asset value (the “valuation price”). The values shown may have been different if the valuation price were to have been used to calculate such values. The index price is as of the most recent date for which a price is available, and may not necessarily be as of the date shown above.

Average Maturity: The average length of time to the repayment of principal for the securities in the fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.

Average Coupon: The average coupon rate of the underlying bonds in the fund, weighted by each bond’s face value.

Number of Issuers: The number of unique companies that have issued bonds represented in the fund (distinct from the number of issues from a company).

Expense Ratio: As stated in the Fund’s current prospectus.

Acquired Fund Fees and Expenses (“AFFE”) reflect the Fund’s pro rata share of the indirect fees and expenses incurred by investing in one or more acquired funds, such as mutual funds, business development companies, or other pooled investment vehicles. AFFE are reflected in the prices of the acquired funds and thus included in the total returns of the Fund.

NAIC Rating: Property of the National Association of Insurance Commissioners (NAIC) and are redistributed here under License. An NAIC Designation is a proprietary symbol used by the NAIC Securities Valuation Office (SVO) to denote a category or band of credit risk (i.e., the likelihood of repayment in accordance with a written contract) for an issuer or for a security. NAIC Designations may be notched up or down to reflect the position of a specific liability in the issuer’s capital structure and/or the existence of other non-payment risk in the specific security. Under NAIC reporting rules, shares of an ETF are presumed to be reportable as common stock. The SVO may classify an ETF as a bond or preferred stock and assign it an NAIC Designation if it meets defined criteria. For a discussion of these criteria please call the SVO or refer to the Purposes and Procedures Manual of the NAIC Investment Analysis Office. The assignment of an NAIC Designation is not a recommendation to purchase the ETF and is not intended to convey approval or endorsement of the ETF Sponsor or the ETF by the NAIC.

The Securities Valuation Office (“SVO”) of the National Association of Insurance Commissioners (“NAIC”) assesses the credit quality of fixed income securities owned by state-regulated insurance companies and assigns appropriate NAIC designations, ranging from the highest quality of “1” to the lowest of “6.”  For more information visit https://content.naic.org/