| Product Name | BondBloxx Bloomberg Three Year Target Duration US Treasury ETF |
| Ticker | XTRE |
| CUSIP | 09789C846 |
| Asset Class | Fixed Income |
| Fund Inception Date | 9/13/2022 |
| Exchange | NYSE Arca |
| Distribution Frequency | Monthly |
| Fund Net Assets | $32,740,817 |
| Shares Outstanding | 670,000 |
| Median Spread | 0.04% |
| Premium Discount Ratio | 0.07% |
| Closing Price as of 11/30/2023 | $48.90 |
| Name | CUSIP | Market Value | % of Net Assets |
|---|---|---|---|
| US TREAS NTS 0.375% 01/31/26 | 91282CBH3 | $1,239,531.35 | 3.790 % |
| US TREAS NTS 0.625% 07/31/26 | 91282CCP4 | $1,163,077.78 | 3.550 % |
| US TREAS NTS 0.75% 03/31/26 | 91282CBT7 | $899,568.38 | 2.750 % |
| US TREAS NTS 1.875% 02/28/27 | 91282CEC1 | $894,651.82 | 2.730 % |
| US TREAS NTS 1.5% 01/31/27 | 912828Z78 | $885,964.77 | 2.710 % |
| US TREAS NTS 3.25% 06/30/27 | 91282CEW7 | $855,386.06 | 2.610 % |
| US TREAS NTS 0.75% 05/31/26 | 91282CCF6 | $844,746.50 | 2.580 % |
| US TREAS NTS 2.75% 07/31/27 | 91282CFB2 | $803,672.68 | 2.450 % |
| US TREAS NTS 2.75% 04/30/27 | 91282CEN7 | $795,623.56 | 2.430 % |
| US TREAS NTS 0.875% 09/30/26 | 91282CCZ2 | $786,799.25 | 2.400 % |
| US TREAS NTS 2.75% 02/15/28 | 9128283W8 | $757,649.33 | 2.310 % |
| US TREAS NTS 0.875% 6/30/26 | 91282CCJ8 | $734,406.53 | 2.240 % |
| US TREAS NTS 0.75% 8/31/26 | 91282CCW9 | $730,875.74 | 2.230 % |
| US TREAS NTS 4.125% 10/31/27 | 91282CFU0 | $684,560.97 | 2.090 % |
| US TREAS NTS 4.125% 06/15/26 | 91282CHH7 | $676,297.13 | 2.070 % |
| US TREAS NTS 0.75% 01/31/28 | 91282CBJ9 | $671,258.19 | 2.050 % |
| US TREAS NTS 2.625% 05/31/27 | 91282CET4 | $646,442.48 | 1.970 % |
| WI TREASURY 3.125% 08/31/2027 | 91282CFH9 | $606,067.20 | 1.850 % |
| US TREAS NTS 2.5% 03/31/27 | 91282CEF4 | $600,531.79 | 1.830 % |
| WI TREASURY SE 3.875% 09/30/27 | 91282CFM8 | $588,645.41 | 1.800 % |
| US TREAS NTS 1.25% 12/31/26 | 91282CDQ1 | $586,397.05 | 1.790 % |
| US TREAS NTS 0.625% 12/31/27 | 91282CBB6 | $578,999.26 | 1.770 % |
| US TREAS NTS 0.5% 02/28/26 | 91282CBQ3 | $546,853.16 | 1.670 % |
| US TREAS NTS 3.875% 12/31/2027 | 91282CGC9 | $547,738.29 | 1.670 % |
| US TREAS NTS 4% 02/29/28 | 91282CGP0 | $547,038.12 | 1.670 % |
| US TREAS NTS 0.625% 11/30/27 | 91282CAY7 | $541,878.45 | 1.660 % |
| US TREAS NTS 0.375% 12/31/25 | 91282CBC4 | $536,648.03 | 1.640 % |
| US TREAS BDS 0% 11/30/26/ | 91282CDK4 | $538,066.00 | 1.640 % |
| US TREAS NTS 2.25% 08/15/27 | 9128282R0 | $536,601.06 | 1.640 % |
| US TREAS NTS 3.625% 03/31/28 | 91282CGT2 | $533,592.81 | 1.630 % |
| US TREAS NTS 3.875% 11/30/27 | 91282CFZ9 | $528,410.79 | 1.610 % |
| US TREAS NTS 3.5% 01/31/28 | 91282CGH8 | $526,032.34 | 1.610 % |
| US TREAS NTS 1.125% 10/31/26 | 91282CDG3 | $523,369.19 | 1.600 % |
| US TREAS NTS 0.375% 09/30/27 | 91282CAL5 | $522,343.24 | 1.600 % |
| US TREAS NTS 0.75% 04/30/26 | 91282CBW0 | $517,973.19 | 1.580 % |
| US TREAS NTS 2% 11/15/26 | 912828U24 | $493,300.73 | 1.510 % |
| US TREAS NTS 0.5% 10/31/27 | 91282CAU5 | $494,870.98 | 1.510 % |
| US TREAS NTS 2.25% 11/15/27 | 9128283F5 | $492,199.12 | 1.500 % |
| US TREAS NTS 4.625% 11/15/26 | 91282CJK8 | $452,936.33 | 1.380 % |
| US TREAS NTS 4% 02/15/26 | 91282CGL9 | $418,702.53 | 1.280 % |
| US TREAS NTS 3.75% 04/15/26 | 91282CGV7 | $394,598.11 | 1.210 % |
| US TREAS NTS 0.375% 07/31/27 | 91282CAD3 | $394,060.87 | 1.200 % |
| US TREAS NTS 4.625% 03/15/26 | 91282CGR6 | $392,801.32 | 1.200 % |
| US TREAS NTS 3.625% 05/15/26 | 91282CHB0 | $382,937.39 | 1.170 % |
| US TREAS NTS 2.375% 05/15/27 | 912828X88 | $378,319.57 | 1.160 % |
| US TREAS NTS 0.5% 04/30/27 | 912828ZN3 | $367,966.89 | 1.120 % |
| US TREAS NTS 0.5% 08/31/27 | 91282CAH4 | $364,076.08 | 1.110 % |
| US TREAS NTS 2.25% 02/15/27 | 912828V98 | $284,117.13 | 0.870 % |
| US TREAS NTS 0.625% 03/31/27 | 912828ZE3 | $265,384.03 | 0.810 % |
| US TREAS NTS 4.625% 10/15/26 | 91282CJC6 | $252,451.60 | 0.770 % |
| US TREAS NTS 2.25% 03/31/26 | 9128286L9 | $238,189.20 | 0.730 % |
| US TREAS NTS 1.625% 05/15/26 | 912828R36 | $239,689.56 | 0.730 % |
| US TREAS NTS 4.5% 07/15/26 | 91282CHM6 | $234,420.48 | 0.720 % |
| US TREAS NTS 1.875% 07/31/26 | 912828Y95 | $235,131.20 | 0.720 % |
| US TREAS NTS 4.375% 08/15/26 | 91282CHU8 | $232,777.15 | 0.710 % |
| US TREAS NTS 4.625% 09/15/26 | 91282CHY0 | $226,093.21 | 0.690 % |
| US TREAS NTS 1.625% 10/31/26 | 912828YQ7 | $213,164.73 | 0.650 % |
| US TREAS NTS 1.5% 08/15/26 | 9128282A7 | $214,148.99 | 0.650 % |
| US TREAS NTS 0.5% 06/30/27 | 912828ZV5 | $209,440.03 | 0.640 % |
| US TREAS NTS 1.625% 11/30/26 | 912828YU8 | $186,125.14 | 0.570 % |
| US TREAS NTS 1.125% 02/28/27 | 912828ZB9 | $173,630.46 | 0.530 % |
| US TREAS NTS 1.75% 12/31/26 | 912828YX2 | $139,731.32 | 0.430 % |
| US TREAS NTS 1.625% 02/15/26 | 912828P46 | $136,497.11 | 0.420 % |
| US TREAS NTS 2.5% 02/28/26 | 9128286F2 | $120,208.79 | 0.370 % |
| CASH | CASH | $27,218.37 | 0.080 % |
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.
| Ex-Date | Record Date | Pay Date | Distribution Paid (Per Share) |
|---|---|---|---|
| Dec 1, 2023 | Dec 4, 2023 | Dec 7, 2023 | 0.16109 |
| Nov 1, 2023 | Nov 2, 2023 | Nov 7, 2023 | 0.16476 |
| Oct 2, 2023 | Oct 3, 2023 | Oct 6, 2023 | 0.17900 |
| Sep 1, 2023 | Sep 5, 2023 | Sep 8, 2023 | 0.18185 |
| Aug 1, 2023 | Aug 2, 2023 | Aug 7, 2023 | 0.16499 |
| Jul 3, 2023 | Jul 5, 2023 | Jul 10, 2023 | 0.14554 |
| Jun 1, 2023 | Jun 2, 2023 | Jun 7, 2023 | 0.14138 |
| May 1, 2023 | May 2, 2023 | May 5, 2023 | 0.15916 |
| Apr 3, 2023 | Apr 4, 2023 | Apr 7, 2023 | 0.16177 |
| Mar 1, 2023 | Mar 2, 2023 | Mar 7, 2023 | 0.16950 |
| Feb 1, 2023 | Feb 2, 2023 | Feb 7, 2023 | 0.13200 |
| Dec 29, 2022 | Dec 30, 2022 | Jan 5, 2023 | 0.19477 |
| Dec 1, 2022 | Dec 2, 2022 | Dec 7, 2022 | 0.15654 |
| Nov 1, 2022 | Nov 2, 2022 | Nov 7, 2022 | 0.22083 |
|
As of
| 1yr | 2yr | 3yr | Incept. |
|---|---|---|---|---|
| NAV | 1.83% | - | - | 0.63% |
| Market Price | 1.80% | - | - | 0.89% |
| Index | 1.84% | - | - | 0.67% |
| As of Nov 30, 2023 | WTD | MTD | QTD | YTD |
|---|---|---|---|---|
| NAV | 0.68% | 1.74% | 1.78% | 2.61% |
| Market Price | 0.68% | 1.78% | 1.82% | 2.73% |
| Index | 0.68% | 1.74% | 1.77% | 2.61% |
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.
| Number of Days At | 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 |
|---|---|---|---|---|---|
| Premium | -- | NAV | -- | -- | -- | -- | -- | Discount | 6 | 6 | 7 | 4 | -- |
© 2023 BondBloxx, Inc. All rights reserved
THIS MATERIAL MUST BE PRECEDED OR ACCOMPANIED BY A PROSPECTUS. Click here to download
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (800) 896-5089 or visit our website at bondbloxxetf.com. Read the prospectus carefully before investing.
The Fund is a newly organized entity and has no operating history.
U.S. Treasury Obligations Risk. U.S. Treasury obligations may differ from other securities in their interest rates, maturities, times of issuance and other characteristics and may provide relatively lower returns than those of other securities. Similar to other issuers, changes to the financial condition or credit rating of the U.S. government may cause the value of the Fund’s U.S. Treasury obligations to decline. While U.S. Treasury obligations are backed by the “full faith and credit” of the U.S. Government, such securities are nonetheless subject to credit risk
During periods of very low or negative interest rates, the Fund may be unable to maintain positive returns or pay dividends to Fund shareholders. Very low or negative interest rates may magnify interest rate risk. An increase in interest rates will generally cause the value of securities held by the Fund to decline, may lead to heightened volatility in the fixed-income markets and may adversely affect the liquidity of certain fixed-income investments, including those held by the Fund. Duration is a measure of the price sensitivity of a debt security or portfolio to interest rate changes. Duration risk is the risk that longer-duration debt securities will be more volatile and thus more likely to decline in price, and to a greater extent, in a rising interest rate environment than shorter-duration debt securities.
Distributed by Foreside Fund Services, LLC.
Back to TopCarefully consider the Funds’ investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Funds’ prospectus or, if available, the summary prospectus, which may be obtained by visiting this link. Read the prospectus carefully before investing.
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. Investing in mortgage- and asset-backed securities involves interest rate, credit, valuation, extension and liquidity risks and the risk that payments on the underlying assets are delayed, prepaid, subordinated or defaulted on.
Distributor: Foreside Fund Services, LLC.
Precise refers to exposures that are targeted, accurate reflections the sector as defined by ICE Data Indices, LLC.
Liquidity refers to the ease with which an asset, or security, can be converted into ready cash without affecting its market price.
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Copyright ©2023 BondBloxx Investment Management Corporation
BondBloxx Investment Management Corporation is a registered investment adviser. Nothing on this website shall constitute or serve as an offer to sell products or services in any country or jurisdiction by BondBloxx Investment Management. For informational purposes only. All information is given in good faith and without warranty and should not be considered investment advice or an offer of any security for sale.
Market Price: Inception date for Market Price Calculation is as of 9/13/22. 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.
NAV: Inception date for NAV calculation is as of 9/13/22.
Number of Countries: The number of unique countries that have issued bonds represented in the fund.
Spread to Worst: Spread to worst is a bond’s yield to worst minus the yield at a point on the fair value government yield curve that corresponds to the bond’s expected redemption date.
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/
