BondBloxx IR+M Tax-Aware Short Duration ETF (TAXX) Price
BondBloxx IR+M Tax-Aware Short Duration ETF Price
Underlying
BondBloxx IR+M Tax-Aware Short Duration ETF provides 1X inversedaily exposure to IR.
BondBloxx IR+M Tax-Aware Short Duration ETF List of Holdings
Frequently asked questions about BondBloxx IR+M Tax-Aware Short Duration ETF
BondBloxx IR+M Tax-Aware Short Duration ETF is offered by BondBloxx, a leading player in the field of passive investments.
The ISIN of BondBloxx IR+M Tax-Aware Short Duration ETF is US09789C7213.
BondBloxx IR+M Tax-Aware Short Duration ETF aims to deliver 1 times the daily return of IR (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 1X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because BondBloxx IR+M Tax-Aware Short Duration ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 1X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.
Leveraged ETFs like BondBloxx IR+M Tax-Aware Short Duration ETF are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.
BondBloxx IR+M Tax-Aware Short Duration ETF provides 1X daily short/inverse exposure to IR. When IR moves +1% in a day, BondBloxx IR+M Tax-Aware Short Duration ETF targets approximately 1% (before fees).
The total expense ratio of BondBloxx IR+M Tax-Aware Short Duration ETF is 0.35%, which means that investors pay 35.00 USD per 10,000 USD in investment capital annually.
The ETF is listed in USD.
European investors may incur additional costs for currency exchange and transaction fees.
No, BondBloxx IR+M Tax-Aware Short Duration ETF does not comply with the EU UCITS investor protection directives.
The current average trading volume of BondBloxx IR+M Tax-Aware Short Duration ETF is 19,916.66.
BondBloxx IR+M Tax-Aware Short Duration ETF is domiciled in US.
The fund was launched on 3/14/2024.
The BondBloxx IR+M Tax-Aware Short Duration ETF mainly invests in Wide credit companies.
The NAV of BondBloxx IR+M Tax-Aware Short Duration ETF amounts to 50.65 M USD.
Investments can be made through brokers or financial institutions that provide access to trading ETFs.
The ETF is traded on the stock exchange, similar to stocks.
Yes, the ETF can be held in a regular securities account.
The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.
The ETF is valued on a daily stock exchange basis.
Information on dividends should be requested from the provider's website or your broker.
The risks include market fluctuations, currency risks, and the risk associated with smaller companies.
The ETF is obligated to report regularly and transparently on its investments.
The performance can be viewed on Eulerpool or directly on the provider's website.
Further information can be found on the official website of the provider.
ETF profile
BondBloxx IR+M Tax-Aware Short Duration ETF