- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 85 Broad Street, 17th Floor New York NY United States of America 10004
- IPO Date
- Jan 26, 2024
- Business
- BondBloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) is an exchange-traded fund that seeks to track the investment results of the Bloomberg US Corporate BBB 10+ Year Index, which comprises BBB-rated, fixed-rate, taxable U.S. dollar-denominated corporate bonds issued by U.S. and non-U.S. industrial, utility, and financial issuers with remaining maturities of 10 years or greater. The fund provides targeted exposure to the long-duration segment of the BBB-rated investment grade corporate bond market; offers monthly distributions; and maintains a portfolio of approximately 594 to 783 securities, with top holdings including bonds from issuers such as Oracle Corp, AT&T Inc, Verizon Communications, CVS Health Corp, and Amgen Inc. BBBL trades on the NYSE Arca exchange under the ticker BBBL with CUSIP 09789C762 and an expense ratio of 0.19%.
Sponsored and managed by BondBloxx Investment Management Corporation, a Larkspur, California-based ETF issuer founded in 2021 and focused exclusively on fixed income products spanning U.S. Treasuries, investment grade corporates, high yield, tax-aware, emerging markets bonds, and private credit. The firm operates from headquarters at 700 Larkspur Landing Circle, Suite 250, Larkspur, CA, and partners with Brown Brothers Harriman & Co. for custody, administration, accounting, and transfer agency services. BondBloxx ETF Trust serves as the legal entity issuing BBBL, which was launched on January 25, 2024, with initial net assets growing to approximately $4.85 million to $4.99 million as of late 2025.
In recent developments, BondBloxx Investment Management raised $27 million in funding led by Macquarie Asset Management in 2024 to support ETF lineup expansion, client solutions, and technology enhancements, including explorations in private credit. The firm partnered with SMArtX Advisory Solutions in March 2025 to launch BASE Portfolios, multi-asset models integrating BondBloxx ETFs for protection, income, and growth strategies targeted at financial advisors. Additional 2025 milestones include doubling assets under management, releasing a 2026 fixed income outlook, earning recognition as the 2025 Best International Fixed Income ETF Issuer, and launching two new tax-aware fixed income ETFs with IR+M.