BondBloxx
BondBloxx is a private ETF issuer exclusively focused on precision-targeted fixed income products, managing $7.2 billion across 27 bond ETFs for financial advisors, wealth managers, and institutional investors.
- Company typePrivate
- Founded2022
- HeadquartersLarkspur, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What BondBloxx does
BondBloxx Investment Management Corporation is a private ETF issuer founded in 2022 and headquartered in Larkspur, California, with an additional office in New York. The company is positioned as the first ETF issuer focused exclusively on precision-targeted fixed income products, managing $7.2 billion in assets across 27 fixed income ETFs as of late 2025. Its product suite spans eight U.S. Treasury target-duration ETFs (6-month through 20-year durations) using Bloomberg index methodologies, three BBB-rated investment grade corporate bond ETFs segmented by maturity, three high yield corporate bond ETFs segmented by credit rating (BB, B, CCC) plus a sector rotation strategy, three tax-aware ETFs sub-advised by Income Research + Management, an emerging markets bond ETF tracking a J.P. Morgan index, and the PCMM Private Credit CLO ETF sub-advised by Macquarie Asset Management. ETF shares are listed on NYSE Arca, Nasdaq, and Cboe BZX.
The business model is subscription-recurring management fees on AUM, with expense ratios ranging from 0.03% (short-duration Treasury ETFs) to 0.68% (PCMM Private Credit CLO ETF). The firm's U.S. Treasury suite is priced less than half the 0.12% average expense ratio of competing products, reflecting a deliberate cost-leadership strategy in the passive Treasury segment. Revenue is generated through Foreside Fund Services as distributor. In April 2026, BondBloxx announced the liquidation of seven sector-specific high yield bond ETFs as part of product lineup rationalization.
The company raised $27 million in October 2024 led by Macquarie Asset Management, with strategic sub-adviser and index partnerships spanning Bloomberg, J.P. Morgan, ICE Data Services, and Income Research + Management. BondBloxx has earned multiple industry awards, including 2025 Best International Fixed Income ETF Issuer (ETF Express Awards) and 2026 Newcomer Fixed Income ETF of the Year (With Intelligence) for PCMM.
BondBloxx firmographics
Firmographics- Name
- BondBloxx
- Legal name
- BondBloxx Investment Management Corporation
- Website
- https://bondbloxxetf.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BondBloxx is a private ETF issuer exclusively focused on precision-targeted fixed income products, managing $7.2 billion across 27 bond ETFs for financial advisors, wealth managers, and institutional investors.
- Ownership category
- akta.pro rank
BondBloxx industry classification
Industry- Product category
- Fixed Income ETF Asset Management
- NAICS
- Open-End Investment Funds (525910), Portfolio Management and Investment Advice (523940), Investment Banking and Securities Intermediation (523150)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Asset-Backed Securities (6189), Investment Advice (6282)
- akta.pro primary industry
- Fixed Income ETFs (Government, Corporate, Munis, TIPS) (FSAAAFAD)
- akta.pro secondary industries
- Fixed Income ETFs & Index/Portfolio Trading (FSACAEAK), Credit & High Yield / Bank Loan ETFs (FSAAAFAE), Leveraged Loans & CLOs (FSAAAHAF), Government Bonds & Agencies (Sovereigns, Supras, Munis) (FSAAAHAA)
Keywords
Where BondBloxx is headquartered
LocationHeadquarters
- HQ city
- Larkspur
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
BondBloxx business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- ETF Management Fees: BondBloxx generates revenue through management fees charged on its ETF products. Each fund has an expense ratio (ranging from 0.03% to 0.68%) that is deducted from fund assets. The firm manages $7.2 billion in total assets under management as of 2025, with revenue derived from these ongoing management fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | U.S. Treasury ETFs with expense ratios from 0.03% to 0.125% |
| Subscription | Annual | Investment Grade Corporate Bond ETFs at 0.19% expense ratio |
| Subscription | Annual | High Yield Corporate Bond ETFs with expense ratios from 0.20% to 0.55% |
| Subscription | Annual | Tax-Aware ETFs at 0.35% expense ratio |
| Subscription | Annual | Private Credit CLO ETF at 0.68% expense ratio |
| Subscription | Annual | Emerging Markets Bond ETF at 0.29% expense ratio |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
BondBloxx product offering
Product offeringCore offering
BondBloxx is an ETF issuer dedicated exclusively to fixed income, offering precision-targeted bond ETFs that allow investors to access specific points along the yield curve, individual credit rating tiers, and bond market sectors. The firm manages 27 fixed income ETFs spanning U.S. Treasuries (target duration 6 months to 20 years), investment grade and high yield corporates segmented by credit rating, tax-aware municipal strategies, emerging markets sovereign debt, and private credit CLOs, generating revenue through expense ratios of 0.03% to 0.68% on $7.2 billion in assets under management.
Product overview
BondBloxx Investment Management is the first ETF issuer focused solely on fixed income, offering a suite of precision-targeted bond ETFs that allow investors to target specific points along the yield curve and credit quality spectrum. The product lineup includes: (1) eight U.S. Treasury ETFs targeting precise durations from 6 months to 20 years, distinguished by stable duration targeting that prevents duration drift; (2) three BBB-rated investment grade corporate bond ETFs with targeted maturity buckets (1-5, 5-10, 10+ years); (3) three high yield corporate bond ETFs segmented by credit rating (BB, B, CCC) plus a sector rotation strategy; (4) three tax-aware ETFs sub-advised by IR+M covering short and intermediate durations including a Massachusetts-specific offering; (5) one emerging markets bond ETF (XEMD) in partnership with J.P. Morgan; and (6) one private credit CLO ETF (PCMM) sub-advised by Macquarie Asset Management providing access to middle market loans. The company manages $7.2 billion in assets across 27 fixed income ETFs as of late 2025.
Differentiator
Problem solved
Functional benefit
Brands
- BondBloxx IR+M Tax-Aware ETFs: Tax-aware fixed income ETFs developed in partnership with Income Research + Management (IR+M), offering municipal and taxable bond exposure with tax efficiency focus.
- BondBloxx Private Credit CLO ETF (PCMM)
Products and services
- BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) Targets 6-month duration exposure to U.S. Treasury securities using a Bloomberg index methodology that maintains precise duration without drift. Expense ratio is 0.03%. Designed for fixed income investors seeking very short-duration Treasury exposure.
- BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) Targets 1-year duration exposure to U.S. Treasury securities with a 0.03% expense ratio, designed for investors seeking short-duration Treasury exposure with precise duration targeting.
- BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO) Targets 2-year duration exposure to U.S. Treasury securities with a 0.05% expense ratio for investors seeking short-duration Treasury exposure.
- BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) Targets 3-year duration exposure to U.S. Treasury securities with a 0.05% expense ratio for investors seeking short-intermediate Treasury exposure.
- BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (XFIV) Targets 5-year duration exposure to U.S. Treasury securities with a 0.05% expense ratio for investors seeking intermediate Treasury exposure.
- BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (XSVN) Targets 7-year duration exposure to U.S. Treasury securities with a 0.05% expense ratio for investors seeking intermediate Treasury exposure.
- BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) Targets 10-year duration exposure to U.S. Treasury securities with a 0.075% expense ratio for investors seeking long-duration Treasury exposure.
- BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) Targets 20-year duration exposure to U.S. Treasury securities with a 0.125% expense ratio for investors seeking long-duration Treasury exposure.
- BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) Targets BBB-rated corporate bonds with 1-5 year maturities for investment grade income with lower duration risk. Expense ratio is 0.19%.
- BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI) Targets BBB-rated corporate bonds with 5-10 year maturities for intermediate duration investment grade exposure. Expense ratio is 0.19%.
- BondBloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL) Targets BBB-rated corporate bonds with 10+ year maturities for long duration investment grade exposure. Expense ratio is 0.19%.
- BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) Targets BB-rated high yield corporate bonds for enhanced income with lower credit risk within the high yield universe. Expense ratio is 0.20%.
- BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) Targets B-rated high yield corporate bonds for higher income potential within the high yield spectrum. Expense ratio is 0.30%.
- BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) Tracks ICE CCC US Cash Pay High Yield Constrained Index, targeting CCC-rated high yield bonds with a 0.40% expense ratio and caps issuer exposure at 2% for diversification.
- BondBloxx USD High Yield Bond Sector Rotation ETF (HYSA) Rotates across high yield sectors based on market conditions for dynamic sector allocation. Net expense ratio is 0.55% (1.00% gross).
- BondBloxx IR+M Tax-Aware Short Duration ETF (TAXX) Actively managed fund investing at least 50% in municipal bonds with the balance in taxable short-duration securities, seeking to maximize after-tax income. Sub-advised by Income Research + Management (IR+M). Expense ratio is 0.35%.
- BondBloxx IR+M Tax-Aware Intermediate Duration ETF (TXXI) Actively managed intermediate duration tax-aware strategy investing in municipal and taxable bonds, sub-advised by IR+M. Expense ratio is 0.35%.
- BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM) Actively managed tax-aware ETF investing at least 50% in Massachusetts-specific municipal securities that pay interest exempt from U.S. federal and Massachusetts income taxes. Sub-advised by IR+M. Expense ratio is 0.35%.
- BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) Tracks J.P. Morgan EMBI Global Diversified Liquid 1-10 Year Maturity Index, providing exposure to USD-denominated emerging market sovereign and quasi-sovereign bonds. Expense ratio is 0.29%.
- BondBloxx Private Credit CLO ETF (PCMM) Actively managed fund investing at least 80% of net assets in private credit CLOs with majority exposure to middle-market company loans. Sub-advised by Macquarie Asset Management Credit team. Seeks capital preservation and current income. Expense ratio is 0.68%.
Quantifiable outcome
- High yield bonds have generated compelling returns with lower volatility than equities over the past 10 years (8.5% vs 15.5% standard deviation)
- +2 more outcomes
Companies that use BondBloxx
Customer profileSegments3 records
Ideal customer profiles2 records
BondBloxx technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
BondBloxx partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Income Research + Management (IR+M)coreIR+M serves as the sub-adviser for BondBloxx IR+M Tax-Aware ETFs (TAXX, TXXI, TAXM), providing asset allocation and tax-efficient security selection recommendations. The partnership extends BondBloxx's leadership in tax-aware fixed income ETFs.
- J.P. MorgancoreJ.P. Morgan serves as the index provider for the BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD), tracking the J.P. Morgan EMBI Global Diversified Liquid 1-10 Year Maturity Index.
- BloombergcoreBloomberg provides index methodology for BondBloxx's U.S. Treasury Target Duration ETF suite, with indices tracking specific points on the Treasury yield curve from 6-month to 20-year durations.
- ICE Data ServicescoreICE Data Services provides index methodology for BondBloxx's high yield corporate bond ETFs, tracking the ICE CCC US Cash Pay High Yield Constrained Index for the XCCC fund.
- Foreside Fund ServicesminorForeside Fund Services serves as the distributor for BondBloxx ETFs, handling regulatory compliance and distribution services for the ETF products.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
BondBloxx competitors and assessment
Company assessmentDirect peers
- WisdomTree: ETF issuer offering targeted fixed income exposures including U.S. quality bond and yield-enhanced strategies. Comparable as a mid-sized specialist competing on differentiated fixed income construction.
- VanEck: ETF issuer with a growing suite of fixed income and credit-related products, including emerging markets bond and high yield exposures that overlap BondBloxx's XEMD and high yield suites.
- NYLI MacKay DefinedTerm Municipal ETFs: Defined-term and tax-aware municipal bond ETF suite from New York Life Investments. Comparable to BondBloxx IR+M Tax-Aware ETFs as a fixed-income specialist focused on duration- and tax-segmented bond wrappers.
- First Trust: Independent ETF issuer known for niche and rules-based strategies including fixed income ETFs. Comparable as a specialist issuer competing on differentiated product design rather than scale.
Broad incumbents
- Vanguard: Operates one of the largest fixed income ETF families with low-cost Treasury, corporate, and municipal bond funds that directly compete on price with BondBloxx's precision Treasury and IG corporate ETFs.
- iShares (BlackRock): Largest ETF issuer globally with the dominant share of fixed income ETF AUM, including Treasury, IG corporate, and high yield bond ETFs that overlap BondBloxx's product suite.
- Invesco: Operates the Invesco fixed income ETF suite including BulletShares target-maturity corporate bond ETFs that share conceptual overlap with BondBloxx's precision duration targeting approach.
- PIMCO: One of the world's largest fixed income managers with a broad ETF suite covering Treasuries, corporates, munis, and active bond strategies. Directly comparable as a major incumbent in the fixed income ETF category BondBloxx targets.
- SPDR (State Street): Established ETF issuer with a broad fixed income product line including Treasury, IG corporate, and high yield corporate bond ETFs that overlap BondBloxx's segmentation strategy.
Emerging players
- DoubleLine: Active fixed income manager led by Jeffrey Gundlach with a growing ETF presence including multi-sector and corporate bond funds. Comparable as a fixed-income specialist extending into ETF wrappers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
BondBloxx social profiles
Digital presenceBondBloxx financial estimates
Financial estimateRevenue estimate
Valuation estimate
BondBloxx leadership team
Management profileNumber of profiles
Profiles5 records
BondBloxx funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BondBloxx M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BondBloxx
What does BondBloxx do?
BondBloxx is an ETF issuer dedicated exclusively to fixed income, offering precision-targeted bond ETFs that allow investors to access specific points along the yield curve, individual credit rating tiers, and bond market sectors. The firm manages 27 fixed income ETFs spanning U.S. Treasuries (target duration 6 months to 20 years), investment grade and high yield corporates segmented by credit rating, tax-aware municipal strategies, emerging markets sovereign debt, and private credit CLOs, generating revenue through expense ratios of 0.03% to 0.68% on $7.2 billion in assets under management.
Is BondBloxx a public or private company?
BondBloxx is a private company. It is classified as venture growth investor backed and is currently operating.
When was BondBloxx founded?
BondBloxx was founded in 2022. It employs 11 to 50 people.
Where is BondBloxx based?
BondBloxx is headquartered in Larkspur, United States, in the North America region.
How does BondBloxx make money?
One revenue line is on record: ETF Management Fees.
Who are BondBloxx's main competitors?
Direct peers on record are WisdomTree, VanEck, NYLI MacKay DefinedTerm Municipal ETFs and First Trust. Broad incumbents are Vanguard, iShares (BlackRock), Invesco, PIMCO and SPDR (State Street). DoubleLine is listed as an emerging player.
Does BondBloxx have an API?
No public API is recorded for BondBloxx.
What industry is BondBloxx in?
BondBloxx's product category is Fixed Income ETF Asset Management. Its primary akta.pro industry code is FSAAAFAD, Fixed Income ETFs (Government, Corporate, Munis, TIPS), with a secondary code of FSACAEAK, Fixed Income ETFs & Index/Portfolio Trading. Its NAICS code is 525910 and its SIC code is 6211.