IMPORTANT INFORMATION ABOUT ACCESS TO THIS WEBSITE
Please read the Terms and Conditions of Use below. Use of and access to this website is conditioned on your acceptance of the Terms and Conditions of Use. By using or accessing this website, you expressly acknowledge that you have read and understood the Terms and Conditions of Use, and that you agree to be bound by them. If you do not agree to be bound by the Terms and Conditions of Use, you are not permitted to use or access the website.
BondBloxx may modify these Terms and Conditions of Use at any time and at its sole discretion, with or without advance notice. Each time you use or access this website, you are responsible for being familiar with, and are bound by, the current version of these Terms and Conditions of Use.
If you use or access (or attempt to use or access) this website in breach of any of the Terms and Conditions of Use, neither BondBloxx be liable to you for any loss or damage that may result to you or a third party (including without limitation, any direct, indirect, incidental or consequential loss or damage, or any loss of revenue, business profits, goodwill, data, or any opportunity) in connection with such use or access (or attempt to use or access) of this website.
Terms and Conditions of Use
Unless otherwise indicated, in these Terms and Conditions of Use (“Terms and Conditions of Use”), references to “you” and “your” are references to any person using or accessing (or attempting to use or access) this website (the “Website”).
Please note that we may require you to register to perform certain functions and access certain areas of the Website. Some of the individual websites linked to, or pages contained within, the Website may require you to agree to supplemental terms, conditions, disclaimers and/or disclosures (“Supplemental Terms”). In the event of a conflict between these Terms and Conditions of Use and any Supplemental Terms, the Supplemental Terms will govern for any individual websites or pages on which they appear. By accessing the Website, you agree to be bound by any applicable Supplemental Terms. If you do not agree with any Supplemental Terms, you may not use or access any portion of the Website.
You affirm that you are either 18 years of age or older, or possess legal parental or guardian consent, and are fully able and competent to enter into these Terms and Conditions of Use, and to abide by and comply with these Terms and Conditions of Use. You affirm that you are over the age of 18, as the Website is not intended for children under 18.
Purpose and Accuracy of Information on the Website
The information on the Website (the “Content”) is directed only at persons or entities in the jurisdiction(s) where access to such Content and use of such Content is not contrary to any applicable law or regulation. Accordingly, you are responsible for informing yourself of and complying with any such restrictions.
Nothing on the Website is intended to, nor will, constitute an offer (or an invitation to make an offer) to buy, sell or otherwise transact in any investment fund and/or strategy referred to on the Website or any other security or financial instrument, or to provide any investment services or advice in any jurisdiction.
The Content is provided by us and certain third parties and is intended for information purposes only. The Content has been obtained from, or is based on, sources believed by us to be reliable, but is not guaranteed as to its accuracy or completeness. The Content is provided without obligation on our part and on the understanding that any person or entity who acts upon it or changes his, her or its investment position in reliance on it does so entirely at his, her or its own risk. The Content is current only as at the date it is first posted and may no longer be true or complete when viewed by you. Additionally, the Content may be changed or amended without prior notice, but we do not undertake any obligation to update the Website or any Content.
No Investment Advice or Recommendations
Nothing contained on the Website constitutes investment, legal, tax, accounting, regulatory, or other advice. Information contained on the Website does not constitute an offer to sell or a solicitation of an offer to buy any shares of any BondBloxx ETFs. The investments and strategies discussed in the Website may not be suitable for all investors and are not obligations of BondBloxx.
The views expressed in commentary on this website are subject to change based on market and other conditions. Commentary on this website may contain certain statements that may be deemed forward looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.Decisions based on information contained on the Website are the sole responsibility of the visitor. You should obtain relevant and specific professional advice before making any investment decision. The information on the site is provided for informational purposes only and is subject to change without notice.
BondBloxx makes no representations that the contents are appropriate for use in all locations, or that the transactions, securities, products, instruments, or services discussed on this site are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties. By making available information on the Website, BondBloxx does not represent that any investment vehicle is available or suitable for any particular investor. All persons and entities accessing the Website do so on their own initiative and are responsible for compliance with applicable local laws and regulations.
Website Access and Limitations on Use
BondBloxx hereby grants you permission to use the Website as set forth herein, provided that: (i) your use of the Website is solely for your personal use; (ii) you will not copy or distribute any part of the Website in any medium without BondBloxx’s prior written authorization; and (iii) you will not alter or modify any part of the Website.
You agree not to (i) use or launch any automated system, including without limitation, “robots,” “spiders,” “offline readers,” and any other similar or analogous system and (ii) not to effect fraudulent or untrue request messages to BondBloxx’s servers or to engage third persons to effect fraudulent or untrue request messages to BondBloxx’s servers.
Notwithstanding the foregoing, BondBloxx grants the operators of public search engines permission to use spiders to copy materials from the Website for the sole purpose of creating publicly available searchable indices of the materials, but not to create caches or archives of such materials. BondBloxx reserves the right to revoke these exceptions either generally or in specific cases.
You warrant that you will not use the Website to conduct or engage in unlawful activities, to violate any law or regulation, or to violate or infringe upon the rights of BondBloxx, or any third party, including without limitation, contractual rights, intellectual property rights, and privacy rights.
BondBloxx reserves the right to monitor your use of the Website. You acknowledge and hereby consent to such monitoring. BondBloxx reserves the right to terminate your access to and use of the Website.
Material Interests
BONDBLOXX and its partners, officers and/or employees may have holdings in the investment funds that may be referred to on the Site and may otherwise be interested in transactions that you effect in those funds.
Linked Websites and Links to the Website
The Website may be linked to third party websites or contain information provided by third parties. BondBloxx does not make any representation as to the accuracy or completeness of such websites or information, has not and will not review or update such websites or information, and cautions users that any use made of such websites or information is at their own risk. BondBloxx disclaims any and all warranties, express or implied, to any such linked sites, including but not limited to any terms as to the accuracy, ownership, validity or legality of any content of a linked website. By using the Website, you expressly relieve BondBloxx from any and all liability arising from your use of any third-party website.
BondBloxx permits you to link to only the main or “home” page of the Website. “Deep links” to sub-webpages are not permitted.
Indemnity
You agree to indemnify, defend, and hold harmless BondBloxx, its affiliates and licensors, and the officers, partners, employees, and agents of BondBloxx and its affiliates and licensors, from and against any and all claims, liabilities, damages, losses, or expenses, including legal fees and costs, arising out of or in any way connected with your access to or use, or attempted access or use, of the Website.
Disclaimers
EXCEPT AS EXPRESSLY PROVIDED HEREUNDER, THE WEBSITE, INCLUDING WITHOUT LIMITATION ALL CONTENT AND INFORMATION PROVIDED IN CONNECTION WITH THE SITE, IS PROVIDED “AS IS,” WITH ALL FAULTS, AND WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESSED OR IMPLIED. TO THE GREATEST EXTENT PERMITTED BY LAW, BONDBLOXX EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NONINFRINGEMENT, EXPECTED RESULTS, OR ARISING FROM A COURSE OF DEALING, USAGE, OR TRADE PRACTICE. NO REPRESENTATION, WARRANTY OR UNDERTAKING IS GIVEN AS TO THE ACCURACY OR COMPLETENESS OF THE CONTENT BY BONDBLOXX OR ANY OF ITS ASSOCIATED COMPANIES AND NO LIABILITY IS ACCEPTED BY SUCH PERSONS FOR THE ACCURACY OR COMPLETENESS OF SUCH INFORMATION. IN NO EVENT WILL BONDBLOXX BE LIABLE TO YOU FOR ANY CLAIM OR LOSS CLAIMED BY YOU OR ANY THIRD PARTY RELATING TO BUSINESS DECISIONS MADE BY YOU AS A RESULT OF YOUR USE OF THE WEBSITE OR THE CONTENT. THE INTERNET IS NOT A COMPLETELY RELIABLE TRANSMISSION MEDIUM, AND BONDBLOXX SHALL NOT BE LIABLE FOR ANY DATA TRANSMISSION ERRORS SUCH AS DATA LOSS, DAMAGE OR ALTERATION OF ANY KIND. BONDBLOXX DOES NOT GUARANTEE CONTINUOUS, UNINTERRUPTED OR SECURE ACCESS TO THE SITE OR ANY CONTENT CONTAINED THEREIN. UNDER NO CIRCUMSTANCES SHALL BONDBLOXX BE LIABLE TO YOU OR ANY OTHER PARTY FOR INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL, OR EXEMPLARY DAMAGES (EVEN IF SUCH DAMAGES ARE FORESEEABLE OR WHERE BONDBLOXX HAS BEEN ADVISED OR HAS KNOWLEDGE OF THE POSSIBILITY OF SUCH DAMAGES) ARISING FROM YOUR USE OR MISUSE OF THE WEBSITE, ANY CONTENT, OR ANY INFORMATION CONTAINED ON ANY OTHER HYPER WEBSITE. THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION.
Intellectual Property Rights
You may use the Content and reproduce it in hard copy for your personal only. Such information may not otherwise be reproduced, distributed or transmitted to any other person or incorporated in any way into another database, document or other materials. Nothing on the Website should be considered as granting any license or right under any intellectual property right of BondBloxx, or any third party, other than as explicitly set forth in these Terms and Conditions of Use.
The Website and all intellectual property rights in it and in the Content (including, but in no way limited to, rights under the copyright law, trademark law or patent law of any jurisdiction) are owned by BondBloxx, or licensed to BondBloxx by relevant third-party content providers. BondBloxx grants you the limited, nonexclusive, nontransferable, and nonsublicenseable right to access the Content for your own personal or internal business use, and the right to reproduce the Content in hard copy for your own reference. If you download or print a copy of content from the Website for personal use, you must retain all copyright and other proprietary notices contained therein.
Notwithstanding the foregoing sentence, nothing in these Terms and Conditions of Use shall be construed as conferring upon you any license to modify, reproduce, distribute or transmit the Content, to create derivative works based upon the Content, or to incorporate the Content into other databases, documents or other materials.
All product names, trademarks, logos, service marks and trade names (collectively referred to as “Trademarks”) displayed on the Website are the property of BondBloxx and/or, licensors or business partners. The Trademarks are protected under U.S. and/or international law. Except as permitted within these Terms and Conditions of Use or otherwise indicated in writing by BondBloxx, any use of the Trademarks by you is expressly prohibited.
The layout and design of the Website, as well as images of people or places displayed on the Website, are either the property of BondBloxx or used with the permission of the copyright owner. Except as permitted within these Terms and Conditions of Use or otherwise indicated in writing by BondBloxx, any use of such layout, design or images by you is expressly prohibited.
Enforceability and Governing Law
Your access to and use of the Website and these Terms and Conditions of Use are governed by the laws of the State of California and disputes arising from or related to your access to and use of the Website shall be adjudicated exclusively in a forum located in the State of California. The Website is controlled and offered by BondBloxx from its facilities in the United States of America. BondBloxx makes no representations that the Website is appropriate or available for use in other locations. Those who access or use the Website from other jurisdictions do so at their own volition and are responsible for compliance with local law.
In the event any provision or portion of these Terms and Conditions of Use is held to be invalid or unenforceable for any reason, in whole or in part, the remaining provisions and/or portions shall be unaffected thereby and shall remain in full force and effect to the fullest extent permitted by applicable law. EACH PARTY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, CLAIM OR PROCEEDING BROUGHT TO ENFORCE, DEFEND OR INTERPRET ANY RIGHTS OR REMEDIES ARISING HEREUNDER, RELATING TO OR IN CONNECTION WITH THIS AGREEMENT.
Force Majeure
BondBloxx’s failure to maintain the Website and/or provide the Content as a result of conditions beyond its control such as, but not limited to, war, strikes, fires, floods, acts of God, governmental restrictions, power failures, natural disasters, acts of terrorism, or damage or destruction of any network facilities or servers, shall not be deemed a breach of these Terms and Conditions of Use.
Cookies
The Website uses “cookies,” which are small text files that are stored on your computer that retain your information, activities, and/or preferences relative to your activities on a website. Should you wish to prevent your computer from accepting cookies from the Website, you can change the settings on your web browser to either block cookies sent from the Website, or to disable cookies altogether. Please note that the Website may not function properly, or may function differently, if you choose not to receive cookies.
Carefully 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.
For a list of terms and conditions, click here
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.
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/
