ETF Evaluator:
BondBloxx IR+M Tax-Awr Shrt Dur ETF ()
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(as of Aug 26)
Best Performing in Short-Term Bond Over the Last Year
| 6.6% | Overlay Shares Short Term Bond ETF (OVT) |
| 5.0% | AAM SLC Low Duration Income ETF (LODI) |
| 4.6% | SanJac Alpha Low Duration ETF (SJLD) |
| 4.5% | Performance Trust Short Term Bond ETF (STBF) |
| 4.4% | American Century® Short Dur Str Inc ETF (SDSI) |
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ETF Details
BondBloxx IR+M Tax-Awr Shrt Dur ETF Overview
BondBloxx IR+M Tax-Awr Shrt Dur ETF (TAXX) is an actively managed Taxable Bond Short-Term Bond exchange-traded fund (ETF). BondBloxx Investment Management launched the ETF in 2024.
The investment seeks attractive after-tax income, consistent with preservation of capital.
The fund is newly organized and invests in a diversified portfolio of U.S. dollar-denominated municipal and taxable short duration fixed income securities that in the Sub-Adviser’s view offers relatively attractive after-tax income. The fund invests, under normal circumstances, at least 50% of its total assets in municipal securities that pay interest that is exempt from U.S. federal income tax.
About BondBloxx IR+M Tax-Awr Shrt Dur ETF (TAXX)
There are 9 members of the management team with an average tenure of 2.38 years: Elya Schwartzman (2024), Jake Remley (2024), Mike Sheldon (2024), Bill O'Neill (2024), Matt Walker (2024), Wesly Pate (2024), Rachel Campbell (2024), Jim Gubitosi (2024) and Allysen Mattison (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg Municipal 1-3 Yr TR USD index with a weighting of 100%. BondBloxx IR+M Tax-Awr Shrt Dur ETF has 307 securities in its portfolio. The top 10 holdings constitute 11.7% 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.
BondBloxx IR+M Tax-Awr Shrt Dur ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. BondBloxx IR+M Tax-Awr Shrt Dur ETF has 2.5% 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 2.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 93.9% (91.4% domestic bond, 2.5% foreign bond and 0.0% convertible bond). BondBloxx IR+M Tax-Awr Shrt Dur ETF has 4.2% of the portfolio in cash.
Assets Under Management
The fund has $285 million in total assets, which is below the $3 billion average for the Short-Term Bond 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.
TAXX 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 BondBloxx IR+M Tax-Awr Shrt Dur ETF expense ratio is below average compared to funds in the Short-Term Bond category. BondBloxx IR+M Tax-Awr Shrt Dur ETF has an expense ratio of 0.35%, which is 25% higher than its category average, making the fund expense ratio grade a D. 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. BondBloxx IR+M Tax-Awr Shrt Dur ETF has a portfolio turnover rate of 24%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Short-Term Bond category.
Recently, in the month of July 2026, BondBloxx IR+M Tax-Awr Shrt Dur ETF returned -0.1%, which earned it a grade of C, as the Short-Term Bond category had an average return of -0.1%. 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.
BondBloxx IR+M Tax-Awr Shrt Dur ETF has a trailing yield of 3.45%, which is below the 4.54% 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.
BondBloxx IR+M Tax-Awr Shrt Dur ETF Grades
Year to date, the ETF has returned 1.3%, 0.4 percentage points better than the category, which translates into a grade of B. The fund has returned 3.1% over the past year (grade of F).
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TAXX 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 |
|
| TAXX Return (NAV) | -0.1% | 0.5% | 3.1% | na | na | na |
| TAXX Return (Price) | -0.3% | 0.4% | 2.9% | na | na | na |
| NAV +/- Price Return | 0.168% | 0.074% | 0.198% | na | na | na |
| Short-Term Bond Avg | -0.1% | 0.3% | 3.6% | 5.2% | 2.3% | 2.5% |
| TAXX Grade (NAV) | C | B | F | na | na | na |
| +/- Category (NAV) | -0.0% | 0.2% | -0.4% | na | na | na |
| TAXX Tax-Cost Ratio | na | na | 1.4% | na | na | na |
TAXX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TAXX Return (NAV) | 1.3% | 4.6% | na | na | na | na | na | na | na | na | na |
| TAXX Return (Price) | 1.1% | 4.5% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.202% | -0.009% | na | na | na | na | na | na | na | na | na |
| Short-Term Bond Avg | 1.0% | 6.3% | 5.1% | 6.0% | -5.3% | -0.4% | 4.4% | 5.6% | 1.2% | 1.7% | 2.4% |
| TAXX Grade (NAV) | B | F | na | na | na | na | na | na | na | na | na |
| +/- Category | 0.4% | -1.7% | 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: | 3.5% |
| Total Assets: | $ 286 Mil |
| Share Class Assets: | $ 286 Mil |
| Turnover: | 24.0% |
| Expense Ratio: | 0.35% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| 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: 2.4 years | |||
| Average Tenure: 2.4 years | |||
| Managers (Year): Schwartzman Elya (2024), Remley Jake (2024), Sheldon Mike (2024), O'Neill Bill (2024), Walker Matt (2024), Pate Wesly (2024), Campbell Rachel (2024), Gubitosi Jim (2024), Mattison Allysen (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 307 |
| % in Top 10 Holdings: | 11.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.5% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 2.0% |
| Domestic Bond: | 91.4% |
| Foreign Bond: | 2.5% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.2% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | BondBloxx Investment Management |
| Phone Number: | 800-896-5089 |
| Website: | |
| Inception Date: | March 14, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.35% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.28% |
