BondBloxx IR+M Tax-Aware Intermediate Duration ETF
$48.12+0.22 (+0.45%)
- 0.35%
- $37M
- −1.9%
- 3.63%
- 0M sh
- $47.80
- low $47.45high $55.78
The ETF.net TXXI Grade
C
Score 53 out of 100
- 14 of 20
Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D37 out of 100Rank 11 of 20Mission
Whether the fund did what it promised, tested against its stated mandate.A95 out of 100Rank 11 of 19Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C50 out of 100Rank 12 of 20Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D39 out of 100Rank 13 of 20Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D33 out of 100Rank 15 of 20Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D32 out of 100Rank 18 of 20
Our read on TXXI
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.
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
- The 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.
- What 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.
- Distributions land monthly, so income arrives on a steady schedule instead of in quarterly lumps.
- The 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
- At 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.
- A small, thinly traded fund launched in 2025: spreads can be wider than the big muni trackers, and the track record is still short.
- Only 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
- Bonds
- 165
- 17%
- Liberty Hill Tx In 5% 02/01/41
Geography
- United States100.00%
TXXI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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TXXI$9,814
Returns run to the Oct 12, 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 | TXXI |
|---|---|
| Year to date | −2.9% |
| 1 month | −2.0% |
| 3 months | −4.4% |
| 1 year | −1.9% |
| 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 | TXXI |
|---|---|---|
| 2026 YTD | −2.9% | |
| 2025 | +4.3% |
TXXI in the news
TXXI Dividends
- 3.63%
- $1.74
- $0.14 per share
- Monthly
Distribution history
TXXI Risk
- 4.6%
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.
- −0.65
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.
- −5.9%
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.
- 0.13
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
0.35%
TXXI0.35%
- The middle half of Intermediate Municipal Bonds funds
- Median 0.35%
9 of the 19 Intermediate Municipal Bonds funds charge less.
Other funds in Intermediate Municipal Bonds
- BAPMUActivePassive Intermediate Municipal Bond ETFExpense ratio 0.35%1 year return −1.7%
- CINMUiShares Intermediate Muni Income Active ETFExpense ratio 0.41%1 year return −1.0%
- CINTMInvesco Actively Managed Exchange-Traded Fund Trust - Invesco Intermediate Municipal ETFExpense ratio 0.35%1 year return −0.7%
- CMMCANYLI MacKay California Muni Intermediate ETFExpense ratio 0.45%1 year return −2.1%
- CGENMGenter Capital Municipal Quality Intermediate ETFExpense ratio 0.39%1 year return −1.2%