BondBloxx ETF Trust BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents
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About BondBloxx ETF Trust BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents
Home page
Inception date
Mar 13, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Bondbloxx Investment Management Corp.
Distributor
Foreside Fund Services LLC
TAXM is structured to offer favorable after-tax income specifically for Massachusetts residents while targeting capital protection. It predominantly invests in municipal bonds that provide federal and Massachusetts tax exemptions, maintaining at least 50% of assets in these bonds. The fund often includes taxable instruments to enhance yields, selecting securities based on credit quality, diversification, and after-tax income forecasts, reflecting both Massachusetts and federal tax impacts. With a typical duration of 4 to 8 years, its strategy optimizes tax efficiency by reducing short-term capital gains and offsetting gains with deliberate losses. The fund may also engage in holding periods strategically designed to avoid short-term tax liabilities, retaining flexibility to adapt to changing market conditions.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Municipal
Bonds, Cash & Other100.00%
Municipal85.09%
Corporate7.90%
Securitized5.49%
Cash1.52%
Stock breakdown by region
North America96.52%
Europe3.48%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TAXM invests in bonds. The fund's major sectors are Municipal, with 85.09% stocks, and Corporate, with 7.90% of the basket. The assets are mostly located in the N/A region.
TAXM last dividends amounted to 0.15 USD. The month before, the issuer paid 0.14 USD in dividends, which shows a 5.05% increase.
Yes, TAXM pays dividends to its holders with the dividend yield of 4.14%. The last dividend (Aug 6, 2025) amounted to 0.15 USD. The dividends are paid monthly.
TAXM shares are issued by Bondbloxx Investment Management Corp. under the brand BondBloxx. The ETF was launched on Mar 13, 2025, and its management style is Active.
TAXM expense ratio is 0.35% meaning you'd have to pay 0.35% of your investment to help manage the fund.
TAXM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TAXM invests in bonds.
TAXM trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.