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TXXI

GradeCNew York Stock Exchange Arca

BondBloxx IR+M Tax-Aware Intermediate Duration ETF

Municipal Bond · BondBloxx · Inception 2025-03-13

$48.42−0.47 (−0.96%)

As of Sep 23, 2026, 2:23 PM EDT

History starts Mar 13, 2025.
Intraday session: down, 12 prints from 48.89 to 48.42. Range 48.42 to 48.89. Use the arrow keys to read each point.$48.60$48.8010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$37M
1Y return
+0.3%
Yield · Last 12 months
3.56%
Volume · 30D
0M sh
NAV per share
$48.83
52W range
low $48.79high $55.78

The ETF.net TXXI Grade

C

52/ 100

Rank 14 of 20 in Intermediate Municipal Bonds⁠

Confidence High

Six-pillar profile for TXXI. Scores out of 100: Cost 37, Risk 51, Mission 93, Tradability 37, Holdings 31, Durability 34. Strongest: Mission (93). Weakest: Holdings (31). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 52 of 100 sits in the C 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.
    DScore 37
    Category rank15/20 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 93
    Category rank10/19 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 51
    Category rank11/20 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 37
    Category rank13/20 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 31
    Category rank18/20 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 34
    Category rank19/20 · bottom quartile

Graded as of Sep 22, 2026

Our read on TXXI

ETF.net Research

CMost muni ETFs pick a lane. TXXI runs both: at least half in federally tax-exempt munis, the rest in taxable bonds, with duration held to a 3 to 5 year band. Actively managed by bond shop IR+M, launched in 2025.

Stated mandate

The Fund seeks attractive after-tax income while preserving capital. It invests in dollar-denominated municipal and taxable intermediate-duration fixed-income securities, normally allocating at least 50% of assets to federally tax-exempt municipal securities and seeking a 3–5-year weighted-average portfolio duration.

Why people hold it

  1. 01The mandate is written down, not implied: a 50% floor in federally tax-exempt munis, the balance in taxable fixed income, weighted-average duration kept between 3 and 5 years.
  2. 02What it holds matches what it says. The portfolio stays inside its tax-aware, intermediate-duration lane rather than drifting long or into pure taxable credit.
  3. 03Distributions land monthly, so income arrives on a steady schedule instead of in quarterly lumps.
  4. 04The blend is the point: a manager deciding where after-tax income looks better, munis or taxables, instead of an index locking the fund into one side.

Worth knowing

  1. 01At 0.35% it runs above the muni-fund median of 0.30%, and index heavyweights VTEB and SCMB charge 0.03%. Active management and the crossover mandate are what the gap buys.
  2. 02A small, thinly traded fund launched in 2025: spreads can be wider than the big muni trackers, and the track record is still short.
  3. 03Only half the book must be tax-exempt. Income from the taxable sleeve is federally taxable, so the shelter is partial compared with a pure muni fund.

TXXI Holdings

As of Sep 22, 2026, 9:55 PM
Asset class
Bonds
Holdings
—
Top-10 weight
17%
Largest holding
MICHIGAN ST BLD 5.25% 10/15/542.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 11.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—MICHIGAN ST BLD 5.25% 10/15/542.02%725,000$751K3
002—HAYS TX CONSOL IND 5% 08/15/511.91%705,000$708K2
003—DOUGLAS CNTY G 4.375% 09/01/361.82%700,000$676K4
004—MICHIGAN ST HOS 5.25% 11/15/531.80%665,000$667K3
005USDCASHUSD1.76%653,489$653K66
006—DENTON TX INDEP SC 5% 08/15/531.66%615,000$614K3
007—US T BILL ZCP 11/12/261.62%606,000$603K34
008—NEW YORK ST HSG F V/R 05/01/661.55%600,000$577K6
009—SPLENDORA TX INDEP 5% 02/15/541.53%570,000$569K1
010—PHILADELPHIA PA 5.25% 09/01/491.52%550,000$564K3
011—MET TRANSPRTN AUTH 5% 11/15/501.36%510,000$505K6
012—GREAT LAKES MI WT V/R 07/01/561.33%495,000$495K9
013—FORT BEND TX INDE V/R 08/01/561.33%495,000$493K10
014—IPS MULTI-SCH BLDG 5% 07/15/401.33%475,000$492K2
015—NEW YORK CITY N 5.25% 05/01/551.32%475,000$489K3

Showing 1–15 of 165 holdings

TXXI Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TXXI$10,032
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. TXXI $10,032. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

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.

Trailing total return for TXXI. Periods over one year show the average yearly return.
PeriodTXXI
Year to date−1.2%
1 month−1.8%
3 months−2.9%
1 year+0.3%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TXXI
YearReturn barTXXI
2026 YTD−1.2%
2025+4.3%

Since listing, Mar 13, 2025

TXXI in the news

ETF.net Research hasn’t filed on TXXI yet — coverage lands here as it’s written.

TXXI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
3.56%Last 12 months
Payout per share
$1.74Last 12 months
Last payment
$0.15 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 17 payments from 2025 to 2026 YTD. May 1, 2025 $0.23; Jun 2, 2025 $0.16; Jul 1, 2025 $0.15; Aug 1, 2025 $0.14; Sep 2, 2025 $0.16; Oct 1, 2025 $0.15; Nov 3, 2025 $0.14; Dec 1, 2025 $0.15; Dec 30, 2025 $0.18; Feb 2, 2026 $0.18; Mar 2, 2026 $0.16; Apr 1, 2026 $0.09; May 1, 2026 $0.11; Jun 1, 2026 $0.15; Jul 1, 2026 $0.13; Aug 3, 2026 $0.15; Sep 1, 2026 $0.15. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 4, 2026$0.15
Aug 3, 2026Aug 6, 2026$0.15
Jul 1, 2026Jul 7, 2026$0.13
Jun 1, 2026Jun 4, 2026$0.15
May 1, 2026May 6, 2026$0.11
Apr 1, 2026Apr 7, 2026$0.09
Mar 2, 2026Mar 5, 2026$0.16
Feb 2, 2026Feb 5, 2026$0.18
Dec 30, 2025Jan 5, 2026$0.18
Dec 1, 2025Dec 4, 2025$0.15
Nov 3, 2025Nov 6, 2025$0.14
Oct 1, 2025Oct 6, 2025$0.15

TXXI Risk

How much the fund’s monthly returns vary, scaled to a year.
3.4%
Annualised · 17 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−0.12
vs 3-month T-bills · 17 months to Aug 2026
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.

The largest fall from a peak to the low that followed.
−3.5%
18 months · trough Sep 2026
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.

How strongly the fund’s returns move with its asset-class index.
0.13
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TXXI Cost

Expense ratio0.35%
  • The middle half of Intermediate Municipal Bonds funds
  • Median 0.35%

9 of the 19 Intermediate Municipal Bonds funds charge less.

TXXI costs $35.00 a year on $10,000. The median Intermediate Municipal Bonds fund costs $35.00.