BondBloxx IR+M Tax-Aware Intermediate Duration ETF
TXXI
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 85 Broad Street, 17th Floor New York NY United States of America 10004
- IPO Date
- Mar 13, 2025
- Website
- bondbloxxetf.com
- Similar Companies
- Business
- BondBloxx IR+M Tax-Aware Intermediate Duration ETF (TXXI), ticker TXXI, is an actively managed exchange-traded fund launched by BondBloxx ETF Trust and managed by BondBloxx Investment Management Corporation with sub-adviser Income Research + Management (IR+M); the fund seeks attractive after-tax income, consistent with preservation of capital and prudent investment management, through a diversified portfolio of U.S. dollar-denominated municipal and taxable intermediate duration fixed income securities. Under normal circumstances, TXXI invests at least 50% of its total assets in municipal securities exempt from U.S. federal income tax (though potentially subject to the federal alternative minimum tax and state/local taxes for certain investors), with the remainder allocated to taxable intermediate duration fixed income including corporate bonds, securitized products such as CMBS, ABS, and RMBS; the sub-adviser employs a bottom-up relative value approach to dynamically adjust weights between tax-exempt and taxable bonds based on credit quality, diversification, and expected after-tax returns (considering federal tax rates). The fund targets intermediate duration exposure with a weighted average portfolio duration of 4 to 8 years, primarily investment-grade securities rated Baa3 or higher, distributed monthly, and benchmarked against the Bloomberg Municipal Bond Index; portfolio allocations as of late 2025 include approximately 89% municipals (70% revenue bonds, 19% general obligation), 5% credit, and 5% securitized, with top state exposures in Texas, Illinois, and New York. Inception date is March 13, 2025, with shares trading on NYSE Arca; the fund is part of BondBloxx's specialized fixed income ETF platform, founded in 2021 and headquartered in Larkspur, California, which focuses exclusively on bond ETFs including sector-specific corporate, Treasury, tax-aware, and private credit strategies. Recent developments include the March 2025 launch of TXXI alongside a Massachusetts-specific tax-aware ETF (TAXM), extending the tax-aware series that began with the BondBloxx IR+M Tax-Aware Short Duration ETF (TAXX) in March 2024 and building on advisor demand for core bond allocations beyond pure municipals; BondBloxx, the issuer, raised $27 million in an October 2024 funding round led by Macquarie Asset Management (maintaining its minority stake) to fuel ETF platform expansion, technology enhancements, client solutions, and new product launches such as a private credit CLO ETF in partnership with Macquarie.