BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS)
BondBloxx BBB Rated 1-5 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 $50.73, up 0.08% on the session, giving a market capitalisation of $181.0M. Its beta of 0.08 implies it has historically moved less than the broad market.
This ETF aims to replicate the performance of an index that tracks BBB-rated corporate bonds. These specific bonds pay a fixed interest rate, are subject to taxation, and are denominated in U.S. dollars. They originate from a diverse range of companies, including industrial, utility, and financial sectors, located both within and outside the United States. Under typical market conditions, the fund commits a substantial portion—at least 80% of its net assets—either directly or indirectly, to a portfolio consisting of these U.S. dollar-denominated, investment-grade corporate bonds. These bonds, specifically assigned a BBB rating, are issued by corporations in both the U.S. and other countries, and have remaining maturities that fall between one and five years. Notably, this fund is considered non-diversified.
BondBloxx BBB Rated 1-5 Year Corporate Bond ETF is most often compared with the following Financial Services names: