BondBloxx BBB Rated 5-10 Year Corporate Bond ETF
BBBI
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- BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) is an exchange-traded fund that seeks to track the investment results of an index composed of BBB-rated, fixed-rate, taxable U.S. dollar-denominated corporate bonds issued by U.S. and non-U.S. corporate issuers with remaining maturities of greater than or equal to five years and less than ten years; the fund provides targeted exposure to the BBB-rated segment of the U.S. investment-grade corporate bond market, emphasizing outperformance potential through historically higher coupon income and precise duration management between 5-10 years. Launched on January 25, 2024, and listed on NYSE Arca, BBBI holds a diversified portfolio of approximately 324 issuers, with top holdings including Verizon Communications, Oracle Corp, T-Mobile USA, AT&T, and Barclays PLC; it features a net expense ratio of 0.19%, monthly distributions, and as of recent data, net assets exceeding $62 million, a weighted average maturity of 7.40 years, option-adjusted duration of 5.97 years, and a 30-day SEC yield around 5.41%. The ETF operates within the fixed income asset class, targeting investors seeking income generation, portfolio duration control, and exposure to mid-quality corporate credits across industrial, utility, and financial sectors; it is managed by Elya Schwartzman and issued by BondBloxx Investment Management Corporation, a Larkspur, California-based registered investment adviser founded in 2021 by industry veterans including CEO Leland Clemons and focused solely on fixed income ETFs. BondBloxx Investment Management, headquartered at 700 Larkspur Landing Circle, Suite 250, Larkspur, CA, has expanded its platform with recent developments including a $27 million funding round in October 2024 led by Macquarie Asset Management to support ETF lineup growth, client solutions, and technology enhancements, including a planned first-of-its-kind private credit CLO ETF sub-advised by Macquarie; in March 2025, it partnered with Income Research + Management (IR+M) to launch two new tax-aware intermediate duration ETFs (TXXI and TAXM), building on their prior TAXX collaboration. Additional recent initiatives encompass surpassing $1 billion in assets earlier, ongoing product innovations in U.S. Treasuries, high yield, emerging markets, and tax-aware strategies, and recognition as the 2025 Best International Fixed Income ETF Issuer by ETF Express.