BondBloxx BBB Rated 10+ Year Corporate Bond ETF (BBBL)
BondBloxx BBB Rated 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 $45.87, up 0.12% on the session, giving a market capitalisation of $4.6M. Its beta of 0.35 implies it has historically moved less than the broad market.
The fund aims to mirror the performance of an index comprising BBB-rated, U.S. dollar-denominated corporate bonds. These securities are fixed-rate and taxable, issued by industrial, utility, and financial corporations situated both within and outside the United States. Typically, at least 80% of the ETF's net assets are allocated, either directly or indirectly, to a collection of such investment-grade corporate debt instruments. A key characteristic of these bonds is their BBB rating and a remaining maturity period of a decade or more. It's worth noting that this fund employs a non-diversified investment strategy.
BondBloxx BBB Rated 10+ Year Corporate Bond ETF is most often compared with the following Financial Services names: