BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$50.29
$1.13 B
4.88%
$2.46
0.03%
Vitals
YTD Return
4.5%
1 yr return
5.2%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$1.13 B
Holdings in Top 10
79.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.03%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$50.29
$1.13 B
4.88%
$2.46
0.03%
XHLF - Profile
Distributions
- YTD Total Return 4.5%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 4.9%
- Dividend Distribution Frequency Monthly
Fund Details
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Legal NameBondBloxx Bloomberg Six Month Target Duration US Treasury ETF
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Fund Family NameN/A
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Inception DateSep 13, 2022
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Shares OutstandingN/A
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Share ClassN/A
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CurrencyUSD
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Domiciled CountryUS
Fund Description
The Fund is non-diversified and seeks to track the investment results of the Bloomberg US Treasury 6 Month Duration Index (the “Index”). The Index is comprised of certain U.S. Treasury bills that are included in the Bloomberg US Treasury Bill Index (the “Underlying Index”). The Index is constructed using two underlying “duration buckets” of U.S. Treasury bills included in the Underlying Index that are weighted by market capitalization of their component securities and then blended according to the weighting required to match the 6 month target duration of the Index at the monthly rebalancing date. Securities in the Index and the Underlying Index are updated on the last business day of each calendar month.
The Index and the Underlying Index are sponsored by Bloomberg Index Services Limited (the “Index Provider”), which is not affiliated with the Fund or BIM. The Index Provider determines the composition of the Index and the Underlying Index, relative weightings of the securities in the Index and the Underlying Index and publishes information regarding the respective market value of the Index and the Underlying Index. See “More Information About the Funds -- Index Construction” for more information about the adjustment formula. There is no limit to the number of issues in the Index and the Underlying Index, but as of December 31, 2023, the Index and the Underlying Index each included approximately 43 constituents. Because the Index and the Underlying Index are reconstituted and rebalanced monthly, the respective components of the Index and the Underlying Index are likely to change over time.
As of December 31, 2023, the securities eligible for inclusion in the Index include U.S. Treasury bills with durations in the following two duration bucket ranges from the Underlying Index: 1 to 6 month duration securities and 6 to 12 month duration securities. The Underlying Index tracks the market for Treasury bills issued by the U.S. Government. For more information regarding the Index and the Underlying Index, see “More Information About the Funds — Index” below.
BIM uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “outperform” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
Indexing will eliminate the chance that the Fund will substantially outperform the Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by aiming to keep portfolio turnover low in comparison to actively managed investment companies.
BIM uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable target index that BIM determines to collectively have an investment profile similar to that of the Index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market value and sector weightings), fundamental characteristics (such as return variability, duration, maturity, credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Index. There may be instances in which BIM may choose to underweight or overweight a security in the Index, purchase securities not in the Index that BIM believes are appropriate to substitute for certain securities in the Index in seeking to replicate as closely as possible, before fees and expenses, the performance of the Index. The Fund may sell securities that are represented in the Index in anticipation of their removal from the Index or purchase securities not represented in the Index in anticipation of their addition to the Index.
Under normal circumstances, the Fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a portfolio of U.S. Treasury securities that collectively have an average duration of approximately 6 months, either directly or indirectly (e.g., through derivatives). The Fund may also invest up to 20% of its net assets in certain other U.S. Treasury obligations, U.S. Government obligations, U.S. agency securities, cash and cash equivalents, as well as in securities not included in its Index, but which BIM believes will help the Fund track its Index.
The Fund seeks to track the investment results (i.e., the total return) of the Index before fees and expenses of the Fund.
The Index is sponsored by the Index Provider, which is independent of the Fund and BIM. The Index Provider determines the composition and relative weightings of the bonds in the Index and publishes information regarding the market value of the Index.
Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in U.S Treasury securities.
XHLF - Performance
Return Ranking - Trailing
Period | XHLF Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.5% | N/A | N/A | N/A |
1 Yr | 5.2% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | XHLF Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.3% | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | XHLF Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 4.5% | N/A | N/A | N/A |
1 Yr | 5.2% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | XHLF Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.9% | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
XHLF - Holdings
Concentration Analysis
XHLF | Category Low | Category High | XHLF % Rank | |
---|---|---|---|---|
Net Assets | 1.13 B | N/A | N/A | N/A |
Number of Holdings | 17 | N/A | N/A | N/A |
Net Assets in Top 10 | 917 M | N/A | N/A | N/A |
Weighting of Top 10 | 79.39% | N/A | N/A | N/A |
Top 10 Holdings
- UNITED STATES TREASURY BILL ZCP 0.00000000 8.65%
- UNITED STATES TREASURY BILL ZCP 0.00000000 8.48%
- UNITED STATES TREASURY BILL ZCP 0.00000000 8.38%
- UNITED STATES TREASURY BILL ZCP 0.00000000 8.23%
- WI TREASURY BILL REGD ZCP 0.00000000 8.21%
- WI TREASURY BILL REGD ZCP 0.00000000 8.20%
- UNITED STATES TREASURY BILL ZCP 0.00000000 8.20%
- UNITED STATES TREASURY BILL ZCP 0.00000000 7.81%
- UNITED STATES TREASURY BILL ZCP 0.00000000 7.01%
- UNITED STATES TREASURY BILL ZCP 0.00000000 6.21%
Asset Allocation
Weighting | Return Low | Return High | XHLF % Rank | |
---|---|---|---|---|
Cash | 100.00% | N/A | N/A | N/A |
Stocks | 0.00% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Other | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Bonds | 0.00% | N/A | N/A | N/A |
XHLF - Expenses
Operational Fees
XHLF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.03% | N/A | N/A | N/A |
Management Fee | 0.03% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
XHLF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
XHLF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
XHLF Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
XHLF - Distributions
Dividend Yield Analysis
XHLF | Category Low | Category High | XHLF % Rank | |
---|---|---|---|---|
Dividend Yield | 4.88% | N/A | N/A | N/A |
Dividend Distribution Analysis
XHLF | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly |
Net Income Ratio Analysis
XHLF | Category Low | Category High | XHLF % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
XHLF | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 01, 2024 | $0.205 | OrdinaryDividend |
Oct 01, 2024 | $0.203 | OrdinaryDividend |
Sep 03, 2024 | $0.214 | OrdinaryDividend |
Aug 01, 2024 | $0.211 | OrdinaryDividend |
Jul 01, 2024 | $0.209 | OrdinaryDividend |
Jun 03, 2024 | $0.216 | OrdinaryDividend |
May 01, 2024 | $0.209 | OrdinaryDividend |
Apr 01, 2024 | $0.218 | OrdinaryDividend |
Mar 01, 2024 | $0.202 | OrdinaryDividend |
Feb 01, 2024 | $0.229 | OrdinaryDividend |
Dec 28, 2023 | $0.231 | OrdinaryDividend |
Dec 01, 2023 | $0.212 | OrdinaryDividend |
Nov 01, 2023 | $0.222 | OrdinaryDividend |
Oct 02, 2023 | $0.189 | OrdinaryDividend |
Sep 01, 2023 | $0.216 | OrdinaryDividend |
Aug 01, 2023 | $0.213 | OrdinaryDividend |
Jul 03, 2023 | $0.149 | OrdinaryDividend |
Jun 01, 2023 | $0.223 | OrdinaryDividend |
May 01, 2023 | $0.145 | OrdinaryDividend |
Apr 03, 2023 | $0.174 | OrdinaryDividend |
Mar 01, 2023 | $0.143 | OrdinaryDividend |
Feb 01, 2023 | $0.146 | OrdinaryDividend |
Dec 29, 2022 | $0.176 | OrdinaryDividend |
Dec 01, 2022 | $0.133 | OrdinaryDividend |
Nov 01, 2022 | $0.124 | OrdinaryDividend |