ETF Evaluator:
BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts ()
Follow This ETF
(as of Aug 26)
Best Performing in Muni Massachusetts Over the Last Year
| 6.1% | Franklin Massachusetts Municipal Inc ETF (FTMA) |
| 5.3% | Muni Massachusetts () |
| 4.6% | BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts (TAXM) |
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ETF Details
BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts Overview
BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts (TAXM) is an actively managed Municipal Bond Muni Massachusetts exchange-traded fund (ETF). BondBloxx Investment Management launched the ETF in 2025.
The investment seeks attractive after-tax income for Massachusetts residents, consistent with preservation of capital.
The fund invests, under normal circumstances, at least 80% of its total assets (plus the amount of any borrowings for investment purposes) either directly or indirectly (e.g., through derivatives) in a portfolio of U.S. dollar-denominated, investment-grade fixed income debt instruments.
About BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts (TAXM)
There are 9 members of the management team with an average tenure of 1.39 years: Elya Schwartzman (2025), Jake Remley (2025), Mike Sheldon (2025), Bill O'Neill (2025), Matt Walker (2025), Wesly Pate (2025), Rachel Campbell (2025), Jim Gubitosi (2025) and Allysen Mattison (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts has 159 securities in its portfolio. The top 10 holdings constitute 19.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts is part of the Fixed Income global asset class and is within the Municipal Bond ETF group. BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.7% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.1% (98.1% domestic bond, 0.0% foreign bond and 0.0% convertible bond). BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $39 million in total assets, which is below the $162 million average for the Muni Massachusetts category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TAXM Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts expense ratio is below average compared to funds in the Muni Massachusetts category. BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts has an expense ratio of 0.35%, which is the same as its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts has a portfolio turnover rate of 17%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 15% for the Muni Massachusetts category.
Recently, in the month of July 2026, BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts returned -1.5%, which earned it a grade of A, as the Muni Massachusetts category had an average return of -1.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts has a trailing yield of 3.32%, which is above the 3.28% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
BondBloxxIR+MTx-AwrETFfrMassachsttsRsdts Grades
Year to date, the ETF has returned 0.2%, 0.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.6% over the past year (grade of F).
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TAXM Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TAXM Return (NAV) | -1.5% | -0.6% | 4.6% | na | na | na |
| TAXM Return (Price) | -1.5% | -0.4% | 5.0% | na | na | na |
| NAV +/- Price Return | -0.078% | -0.189% | -0.475% | na | na | na |
| Muni Massachusetts Avg | -1.7% | -0.4% | 5.3% | 3.2% | 0.3% | 1.7% |
| TAXM Grade (NAV) | A | F | F | na | na | na |
| +/- Category (NAV) | 0.1% | -0.2% | -0.8% | na | na | na |
| TAXM Tax-Cost Ratio | na | na | 0.0% | na | na | na |
TAXM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TAXM Return (NAV) | 0.2% | na | na | na | na | na | na | na | na | na | na |
| TAXM Return (Price) | 0.3% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.522% | na | na | na | na | na | na | na | na | na | na |
| Muni Massachusetts Avg | 0.6% | 3.2% | 1.9% | 6.5% | -9.8% | 1.7% | 5.1% | 7.1% | 0.4% | 4.7% | 0.4% |
| TAXM Grade (NAV) | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.4% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 3.3% |
| Total Assets: | $ 39 Mil |
| Share Class Assets: | $ 39 Mil |
| Turnover: | 17.0% |
| Expense Ratio: | 0.35% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 9 | |||
| Longest Tenure: 1.4 years | |||
| Average Tenure: 1.4 years | |||
| Managers (Year): Schwartzman Elya (2025), Remley Jake (2025), Sheldon Mike (2025), O'Neill Bill (2025), Walker Matt (2025), Pate Wesly (2025), Campbell Rachel (2025), Gubitosi Jim (2025), Mattison Allysen (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 159 |
| % in Top 10 Holdings: | 19.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.7% |
| Domestic Bond: | 98.1% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | BondBloxx Investment Management |
| Phone Number: | 800-896-5089 |
| Website: | |
| Inception Date: | March 11, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.35% |
