BondBloxx IR+M Tax-Aware Short Duration ETF
$50.02−0.10 (−0.19%)
- Expense ratio
- 0.35%
- Fund size
- $285M
- 1Y return
- +1.6%
- Yield · Last 12 months
- 3.48%
- Volume · 30D
- 0M sh
- NAV per share
- $50.16
- 52W range
The ETF.net TAXX Grade
Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 7Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 67Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 70Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 51Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 48Category rank
Our read on TAXX
BMost muni ETFs can only buy munis. TAXX is run actively to chase the best after-tax income across two markets, keeping at least half in federally tax-exempt bonds and the rest in short-duration taxable debt.
The Fund seeks attractive after-tax income while preserving capital. It is actively managed and invests in diversified municipal and taxable short-duration fixed-income securities, normally allocating at least 50% of assets to federally tax-exempt municipal securities.
Why people hold it
- Hunts income in two markets: at least 50% federally tax-exempt munis, the rest short-duration taxable bonds, with a manager choosing whichever pays more after tax.
- Short duration by design, with capital preservation written into the stated objective, so less rate whiplash than long-dated muni portfolios carry.
- No index to hug. The mix can shift as the tax math between munis and taxable bonds changes, rather than sitting where a benchmark says to sit.
Worth knowing
- At 0.35% a year, it costs more than plain-vanilla muni index trackers like VTEB and SCMB at 0.03%, and fees bite harder in short-duration bonds.
- Launched in 2024, so its track record is short and hasn't been tested across a full rate cycle.
- Payouts come on an irregular schedule rather than the fixed monthly rhythm many muni funds keep, so income timing takes planning.
TAXX Holdings
- Bonds
- —
- 14%
- US T BILL ZCP 11/12/26
Sectors
- Financials100.0%
Geography
- United States91.81%
- Canada8.19%
TAXX Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | TAXX |
|---|---|
| Year to date | +0.9% |
| 1 month | −0.6% |
| 3 months | −0.3% |
| 1 year | +1.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | TAXX |
|---|---|---|
| 2026 YTD | +0.9% | |
| 2025 | +4.5% | |
| 2024 | +3.5% |
TAXX in the news
ETF.net Research hasn’t filed on TAXX yet — coverage lands here as it’s written.
TAXX Dividends
- 3.48%
- $1.74
- $0.15 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 4, 2026 | $0.15 |
| Aug 3, 2026 | Aug 6, 2026 | $0.16 |
| Jul 1, 2026 | Jul 7, 2026 | $0.13 |
| Jun 1, 2026 | Jun 4, 2026 | $0.15 |
| May 1, 2026 | May 6, 2026 | $0.10 |
| Apr 1, 2026 | Apr 7, 2026 | $0.06 |
| Mar 2, 2026 | Mar 5, 2026 | $0.16 |
| Feb 2, 2026 | Feb 5, 2026 | $0.18 |
| Dec 30, 2025 | Jan 5, 2026 | $0.23 |
| Dec 1, 2025 | Dec 4, 2025 | $0.14 |
| Nov 3, 2025 | Nov 6, 2025 | $0.14 |
| Oct 1, 2025 | Oct 6, 2025 | $0.15 |
TAXX Risk
- 1.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.31
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −0.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.07
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
TAXX Cost
- The middle half of Short-Duration Municipal Bonds funds
- Median 0.25%
23 of the 27 Short-Duration Municipal Bonds funds charge less.