BondBloxx ETF Trust BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents
No trades
Key stats
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.
Related funds
Classification
What's in the fund
Exposure type
Municipal
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
TAXM trades at 48.85 USD today, its price has risen 0.05% in the past 24 hours. Track more dynamics on TAXM price chart.
TAXM net asset value is 48.91 today — it's fallen 0.71% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
TAXM assets under management is 6.36 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
TAXM invests in bonds. See more details in our Analysis section.
TAXM expense ratio is 0.35%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, TAXM isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, TAXM pays dividends to its holders with the dividend yield of 4.14%.
TAXM trades at a premium (0.06%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
TAXM shares are issued by Bondbloxx Investment Management Corp.
TAXM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 13, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.