BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (BBBI)
BondBloxx BBB Rated 5-10 Year Corporate Bond ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $50.56, up 0.07% on the session, giving a market capitalisation of $53.6M. Its beta of 0.18 implies it has historically moved less than the broad market.
This ETF aims to mirror the performance of an index focused on BBB-rated, fixed-rate, taxable corporate bonds, all denominated in U.S. dollars. These bonds originate from industrial, utility, and financial companies located in both the U.S. and other countries. Under typical market conditions, the fund will dedicate at least 80% of its total assets, either directly or through related instruments, to a collection of these U.S. dollar-denominated, BBB-rated corporate bonds from domestic and international issuers. A key requirement for these bonds is that their remaining maturity falls within a range of five to less than ten years. It's also important to note that this fund operates as a non-diversified investment.
BondBloxx BBB Rated 5-10 Year Corporate Bond ETF is most often compared with the following Financial Services names: