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XTWO

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

Net asset value

$48.95

EXPENSE RATIO

0.05%

Yield to Maturity

4.69%

30-Day Sec Yield

4.85%
ALL DATA AS OF 06/18/2024, UNLESS OTHERWISE STATED. 30-DAY SEC YIELD AS OF 05/31/2024. The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance please visit the performance section of this page.

Overview

The BondBloxx Bloomberg Two Year Target Duration US Treasury ETF seeks to track the investment results of an index which contains U.S. Treasury securities that have an average duration of approximately 2 years.

Fund Details

Product Name BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
Ticker XTWO
CUSIP 09789C853
Asset Class Fixed Income
Fund Inception Date 9/13/2022
Exchange NYSE Arca
Distribution Frequency Monthly
Fund Net Assets $122,873,099
Shares Outstanding 2,510,000
Median Spread 0.02%
Premium Discount Ratio 0.01%
Closing Price as of 06/18/2024 $48.96

Fees

Management Fee 0.05%
Acquired Fund Fees and Expenses 0.00%
Foreign Taxes and Other Expenses 0.00%
Expense Ratio 0.05%

Portfolio Characteristics

Number of Securities 89
Duration 1.95
Average Coupon 2.52%
Average Maturity 2.06 Years
* 30-Day SEC Yield is as of 05/31/2024
Yield to Maturity 4.69%
30-Day SEC Yield* 4.85%
Average Credit Rating AA

Portfolio Breakdown

Treasuries 99.8%
Cash and Equivalents 0.2%
Due to rounding, these values may exceed 100%

Index Details

Provider Name Bloomberg
Index Bloomberg US Treasury Two Year Duration Index
Index Ticker I37207
Index Market Cap $4.070T

Maturity Breakdown %

Holdings

Name CUSIP Market Value % of Net Assets
US TREAS NTS 1.5% 01/31/27 912828Z78 $2,686,793.58 2.190 %
US TREAS NTS 0.75% 8/31/26 91282CCW9 $2,220,443.97 1.810 %
US TREAS NTS 3% 07/15/25 91282CEY3 $2,220,138.07 1.810 %
US TREAS NTS 1.25% 12/31/26 91282CDQ1 $2,162,156.09 1.760 %
US TREAS NTS 4.25% 10/15/25 91282CFP1 $2,160,476.52 1.760 %
US TREAS NTS 0.25% 10/31/25 91282CAT8 $2,102,237.89 1.710 %
US TREAS NTS 3.125% 08/15/25 91282CFE6 $2,090,882.01 1.700 %
WI TREASURY SE 4.5% 04/15/27 91282CKJ9 $2,070,607.57 1.690 %
US TREAS NTS 0.375% 12/31/25 91282CBC4 $2,072,289.95 1.690 %
US TREAS NTS 4.25% 03/15/27 91282CKE0 $2,038,586.19 1.660 %
US TREAS BDS 0% 11/30/26/ 91282CDK4 $2,021,618.32 1.650 %
US TREAS NTS 0.875% 09/30/26 91282CCZ2 $2,018,826.81 1.640 %
US TREAS NTS 1.5% 08/15/26 9128282A7 $2,004,869.04 1.630 %
US TREAS NTS 0.25% 07/31/25 91282CAB7 $2,002,337.17 1.630 %
US TREAS NTS 0.75% 03/31/26 91282CBT7 $1,986,540.51 1.620 %
US TREAS NTS 1.875% 02/28/27 91282CEC1 $1,981,947.79 1.610 %
US TREAS NTS 4.125% 02/15/27 91282CKA8 $1,969,284.10 1.600 %
US TREAS NTS 1.125% 10/31/26 91282CDG3 $1,967,365.05 1.600 %
US TREAS NTS 0.75% 04/30/26 91282CBW0 $1,937,445.33 1.580 %
US TREAS NTS 4.375% 12/15/26 91282CJP7 $1,931,954.27 1.570 %
US TREAS NTS 0.625% 07/31/26 91282CCP4 $1,923,108.97 1.570 %
US TREAS NTS 2.375% 05/15/27 912828X88 $1,927,662.53 1.570 %
US TREAS NTS 2.75% 04/30/27 91282CEN7 $1,878,243.15 1.530 %
US TREAS NTS 4% 01/15/27 91282CJT9 $1,885,301.84 1.530 %
WI TREASURY SEC 4.75% 05/15/27 91282CKR1 $1,884,855.85 1.530 %
US TREAS NTS 0.875% 6/30/26 91282CCJ8 $1,852,057.38 1.510 %
US TREAS NTS 2.5% 03/31/27 91282CEF4 $1,848,549.37 1.500 %
US TREAS NTS 1.625% 02/15/26 912828P46 $1,826,546.82 1.490 %
US TREAS NTS 2% 11/15/26 912828U24 $1,820,356.54 1.480 %
US TREAS NTS 4.625% 11/15/26 91282CJK8 $1,816,614.49 1.480 %
US TREAS NTS 1.625% 05/15/26 912828R36 $1,801,377.01 1.470 %
US TREAS NTS 3.25% 06/30/27 91282CEW7 $1,777,568.46 1.450 %
US TREAS NTS 2.75% 07/31/27 91282CFB2 $1,754,051.37 1.430 %
US TREAS NTS 4.625% 10/15/26 91282CJC6 $1,740,449.08 1.420 %
US TREAS NTS 4.625% 09/15/26 91282CHY0 $1,750,940.69 1.420 %
US TREAS NTS 4.375% 08/15/26 91282CHU8 $1,693,897.40 1.380 %
US TREAS NTS 2.625% 05/31/27 91282CET4 $1,694,212.28 1.380 %
US TREAS NTS 0.375% 01/31/26 91282CBH3 $1,666,090.23 1.360 %
US TREAS NTS 4.5% 07/15/26 91282CHM6 $1,656,328.40 1.350 %
US TREAS NTS 2.25% 02/15/27 912828V98 $1,630,492.08 1.330 %
US TREAS NTS 2.25% 11/15/25 912828M56 $1,572,196.75 1.280 %
US TREAS NTS 0.25% 08/31/25 91282CAJ0 $1,516,671.31 1.230 %
US TREAS NTS 0.5% 02/28/26 91282CBQ3 $1,495,982.91 1.220 %
US TREAS NTS 0.75% 05/31/26 91282CCF6 $1,470,364.09 1.200 %
US TREAS NTS 4.25% 12/31/25 91282CJS1 $1,476,149.32 1.200 %
US TREAS NTS 4.875% 11/30/25 91282CJL6 $1,463,496.10 1.190 %
US TREAS NTS 5% 09/30/25 91282CJB8 $1,427,974.07 1.160 %
US TREAS NTS 5% 10/31/25 91282CJE2 $1,418,372.16 1.150 %
US TREAS NTS 0.375% 11/30/25 91282CAZ4 $1,323,991.72 1.080 %
US TREAS NTS 0.25% 09/30/25 91282CAM3 $1,321,418.02 1.080 %
US TREAS NTS 4% 02/15/26 91282CGL9 $1,311,307.96 1.070 %
US TREAS NTS 4.625% 03/15/26 91282CGR6 $1,290,201.58 1.050 %
US TREAS NTS 4% 12/15/25 91282CGA3 $1,258,829.53 1.020 %
US TREAS NTS 4.625% 06/30/25 91282CHL8 $1,220,415.86 0.990 %
US TREAS NTS 0.5% 06/30/27 912828ZV5 $1,208,028.85 0.980 %
US TREAS NTS 3.75% 04/15/26 91282CGV7 $1,176,669.32 0.960 %
US TREAS NTS 3.5% 09/15/25 91282CFK2 $1,165,660.52 0.950 %
US TREAS NTS 4.125% 06/15/26 91282CHH7 $1,125,664.20 0.920 %
US TREAS NTS 3.875% 01/15/26 91282CGE5 $1,109,189.91 0.900 %
US TREAS NTS 4.625% 02/28/26 91282CKB6 $1,052,472.56 0.860 %
US TREAS NTS 0.5% 05/31/27 912828ZS2 $1,008,644.61 0.820 %
US TREAS NTS 2.5% 02/28/26 9128286F2 $998,125.46 0.810 %
US TREAS NTS 0.5% 04/30/27 912828ZN3 $991,078.50 0.810 %
US TREAS NTS 3.625% 05/15/26 91282CHB0 $981,674.80 0.800 %
US TREAS NTS 2% 08/15/25 912828K74 $902,114.37 0.730 %
US TREAS NTS 1.75% 12/31/26 912828YX2 $879,885.90 0.720 %
US TREAS NTS 5% 08/31/25 91282CHV6 $888,920.55 0.720 %
US TREAS NTS 1.375% 08/31/26 912828YD6 $848,358.87 0.690 %
US TREAS NTS 1.875% 07/31/26 912828Y95 $834,815.46 0.680 %
US TREAS NTS 1.625% 10/31/26 912828YQ7 $826,765.96 0.670 %
US TREAS NTS 2.25% 03/31/26 9128286L9 $799,256.81 0.650 %
US TREAS NTS 1.875% 06/30/26 9128287B0 $785,697.01 0.640 %
US TREAS NTS 4.5% 11/15/25 91282CFW6 $776,914.42 0.630 %
US TREAS NTS 0.625% 03/31/27 912828ZE3 $767,200.42 0.620 %
US TREAS NTS 2.125% 05/31/26 9128286X3 $703,669.27 0.570 %
US TREAS NTS 1.625% 09/30/26 912828YG9 $632,508.98 0.510 %
US TREAS NTS 1.625% 11/30/26 912828YU8 $596,992.72 0.490 %
US TREAS NTS 2.625% 01/31/26 9128286A3 $606,763.23 0.490 %
US TREAS NTS 2.625% 12/31/25 9128285T3 $589,212.07 0.480 %
US TREAS NTS 4.875% 04/30/26 91282CKK6 $549,515.55 0.450 %
US TREAS NTS 4.5% 03/31/26 91282CKH3 $523,784.16 0.430 %
US TREAS NTS 1.125% 02/28/27 912828ZB9 $502,130.28 0.410 %
US TREAS NTS 4.875% 05/31/26 91282CKS9 $419,325.87 0.340 %
WI TREASURY SEC 4.25% 01/31/26 91282CJV4 $384,315.97 0.310 %
US TREAS NTS 2.375% 04/30/26 9128286S4 $333,285.80 0.270 %
CASH CASH $248,317.93 0.200 %
US TREAS NTS 2.875% 11/30/25 9128285N6 $215,572.75 0.180 %
US TREAS NTS 2.75% 06/30/25 912828XZ8 $151,072.36 0.120 %
US TREAS BDS 6.5% 11/15/26 912810EY0 $133,403.78 0.110 %
US TREAS BDS 6.625% 02/15/27 912810EZ7 $113,214.36 0.090 %
As of 06/18/2024 and subject to change.

Performance

Growth Of $10,000 Since Inception

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.

Distributions

Ex-Date Record Date Pay Date Distribution Paid
(Per Share)
Jun 3, 2024 Jun 3, 2024 Jun 6, 2024 0.18484
May 1, 2024 May 2, 2024 May 7, 2024 0.17109
Apr 1, 2024 Apr 2, 2024 Apr 5, 2024 0.17604
Mar 1, 2024 Mar 4, 2024 Mar 7, 2024 0.16536
Feb 1, 2024 Feb 2, 2024 Feb 7, 2024 0.25923
Dec 28, 2023 Dec 29, 2023 Jan 4, 2024 0.20487
Dec 1, 2023 Dec 4, 2023 Dec 7, 2023 0.19187
Nov 1, 2023 Nov 2, 2023 Nov 7, 2023 0.18574
Oct 2, 2023 Oct 3, 2023 Oct 6, 2023 0.18107
Sep 1, 2023 Sep 5, 2023 Sep 8, 2023 0.16606
Aug 1, 2023 Aug 2, 2023 Aug 7, 2023 0.16941
Jul 3, 2023 Jul 5, 2023 Jul 10, 2023 0.18402
Jun 1, 2023 Jun 2, 2023 Jun 7, 2023 0.12182
May 1, 2023 May 2, 2023 May 5, 2023 0.16356
Apr 3, 2023 Apr 4, 2023 Apr 7, 2023 0.16172
Mar 1, 2023 Mar 2, 2023 Mar 7, 2023 0.16350
Feb 1, 2023 Feb 2, 2023 Feb 7, 2023 0.11579
Dec 29, 2022 Dec 30, 2022 Jan 5, 2023 0.17634
Dec 1, 2022 Dec 2, 2022 Dec 7, 2022 0.15921
Nov 1, 2022 Nov 2, 2022 Nov 7, 2022 0.22227

Yield to Worst: The bond yield is computed by using the lower of either the yield to maturity or the yield to call on every possible call date. Yield to worst is shown for all securities with the exception of agency mortgage-backed securities (MBS), commercial mortgage-backed securities (CMBS), and asset-backed securities (ABS). Agency MBS are priced based on zero volatility yield. CMBS and ABS are priced based on effective maturity.

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

After Tax Post-Liq.(%): After-Tax Post-Liquidation Returns measure the performance of the fund after accounting for both taxes on distributions and the taxes incurred from selling the fund shares. This metric provides a comprehensive view of the investment’s tax impact, including the realization of capital gains or losses upon the sale. The highest marginal Federal tax rate is assumed.

After Tax Pre-Liq.(%): After-Tax Pre-Liquidation Returns refer to the performance of the fund after considering the impact of taxes on distributions, but before any action to sell the fund shares is taken. This measure provides investors with insight into how taxes affect their returns without factoring in the potential taxes from selling the investment, thus focusing solely on the tax implications of the fund’s income and capital gains distributions. The highest marginal Federal tax rate is assumed.

After-tax yield: The after-tax yield is the return that investors can expect to receive after accounting for taxes owed on the interest income generated by the bond. This yield is particularly important when comparing the returns on municipal bonds, which are often exempt from federal income tax (and sometimes state and local taxes if the bond is issued within the investor’s state of residence), with those on taxable bonds, like corporate or government bonds.

Tax Equivalent Yield: The tax-equivalent yield (TEY) is the yield that a taxable bond would need to equal the yield on a comparable tax-exempt municipal bond, taking into account the impact of taxes. The calculation is a tool that investors can use to fairly compare the yield between a tax-free investment and a taxable alternative. TEY assumes the highest marginal Federal tax rate, is measured at the individual bond level, and aggregated to the portfolio level.

Tax Equivalent Yield = Tax Free Municipal Bond Yield / (1-Tax Rate)

Effective duration: Effective duration is a way to measure interest-rate sensitivity for bonds that have embedded options, such as callable or puttable features. Effective duration captures the potential variations in cash flows due to these options, and can be measured using modified duration for option-free bonds. The calculation is measured at the individual bond level and then aggregated to the portfolio level.

The 30-Day SEC Yield represents net investment income earned by the fund over the 30-Day period, expressed as an annual percent age rate based on the fund’s share price at the end of the 30-Day period.

Option Adjusted Duration is a measure of the potential responsiveness of a bond or portfolio price to 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.

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 changes in credit spread.

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 (OAS): For a bond, the option-adjusted spread is the measurement of the spread between the bond and the underlying government yield curve. For an Index, the average of its constituent security government option-adjusted spreads, weighted by full market value. 

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 is 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/