TAXX constructs a tax-efficient portfolio comprising USD-denominated municipal and taxable short-duration fixed income securities, albeit not entirely tax-free. The strategy centers on identifying securities that offer superior after-tax returns compared to their counterparts. At least 50% of the portfolio is held in municipal securities exempted from US federal income tax, while the remainder is allocated to investment-grade fixed income securities, including government bonds, corporate debt, and mortgage-backed securities. The portfolio may allocate up to 20% to high-yield foreign debts, including unrated ones, provided rated securities meet a minimum rating of B3/B-/B-. Meanwhile, investment-grade non-US debts are capped at 30%. Although investments may include debts of any maturity, the fund aims to maintain a weighted average portfolio duration between 1.5 and 2 years. Lastly, holdings are optimized to minimize tax implications, with securities sold and duration managed to mitigate risks.
公司网站 :
https://bondbloxxetf.com/bondbloxx-irm-tax-aware-short-duration-etf/
总经理:-
建立时间:2024
公司总部:BondBloxx ETF Trust BondBloxx IR+M Tax-Aware Short Duration ETF
领域:Miscellaneous
行业:Investment trusts/Mutual funds