Invest in Tax-Aware ETFs

Tax-Aware ETFs
Ticker | Fund Name | Expense Ratio | Tax Equivalent Yield* | 30-Day SEC Yield * |
---|---|---|---|---|
TAXX | BondBloxx IR+M Tax-Aware Short Duration ETF | 0.35% | 5.64% | 3.51% |
TXXI | BondBloxx IR+M Tax-Aware Intermediate Duration ETF | 0.35% | NA | NA |
TAXM | BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents | 0.35% | NA | NA |
BondBloxx, Bloomberg, as of 03/12/2025. 30-Day SEC Yield is as of 02/28/2025. The performance quoted represents past performance and does not guarantee future results. The investment return and principal will fluctuate. Investor’s shares, when sold or redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the performance quoted. Returns less than one year are not annualized. Shares of the Fund are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. For the most recent month-end performance, please call 800.896.5089 or visit the Fund’s website at www.bondbloxxetf.com. For standardized performance, click on the fund’s ticker above.
Why consider tax-aware investing?
When building a fixed income portfolio, it’s important to consider not just what you earn, but what you keep after taxes. Many investors take a set-it-and-forget-it approach by allocating to the Aggregate Index without considering taxes, while others turn to municipal bonds for their tax benefits.
In our view, a tax-aware strategy offers a more precise way to maximize after-tax income. The BondBloxx IR+M Tax-Aware ETFs are designed to make tax-aware investing more accessible, helping advisors and investors optimize fixed income portfolios by using ETFs.
Investment ideas
Use instead of municipal bonds: An alternative to traditional municipal bond exposure to potentially improve after-tax income beyond municipal bonds alone.
Get more from core fixed income: Replace or complement U.S. core bond exposure with an active tax-aware strategy the flexibility to select duration based on investment objectives.
Select desired duration exposure: Offering both short and intermediate duration strategies that seek to maximize after-tax in-come.
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DISCLOSURE
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. Read the prospectus carefully before investing, which may be obtained by visiting bondbloxxetf.com.
There are risks associated with investing, including possible loss of principal. Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of that bond to decline.
TAXX ,TXXI, and TAXM are newly organized, actively managed exchange-traded funds (“ETFs”) that do not seek to replicate the performance of a specified index. Municipal securities risks include the possibility that the issuer may be unable to pay interest or repay principal on a timely basis or at all, the relative lack of information about certain issuers of municipal securities, and the possibility of future legislative changes which could affect the market for and value of municipal securities.
Tax aware risk is the possibility that the use of investment practices that seek to maximize after tax return may not minimize tax consequences. Economic developments or unforeseeable investor redemptions may also reduce returns without any corresponding increase in tax efficiency.
TAXX seeks to achieve their investment objectives by investing in a diversified portfolio of U.S. dollar denominated municipal and taxable short duration fixed income securities. TXXI and TAXM seek to achieve their investment objectives by investing in a diversified portfolio of U.S. dollar denominated municipal and taxable intermediate duration fixed income securities.
TAXM invests, under normal circumstances, at least 50% of its total assets in municipal securities that pay interest that is exempt from U.S. federal and Massachusetts income taxes.
TAXM may be affected significantly by economic, regulatory or political developments affecting the ability of Massachusetts issuers to pay interest or repay principal. Provisions of the Massachusetts Constitution and Commonwealth statutes which limit the taxing and spending authority of Massachusetts governmental entities may impair the ability of Massachusetts issuers to pay principal and/or interest on their obligations. While Massachusetts’s economy is broad, it does have major concentrations in advanced technology, aerospace and defense-related manufacturing, trade, entertainment, real estate and financial services, and may be sensitive to economic problems affecting those industries.
Distributor: Foreside Fund Services, LLC.