BondBloxxSM ETF Trust
Semi-Annual Report

 

 

April 30, 2023

 

 

 

 

 

BondBloxx USD High Yield Bond Industrial Sector ETF | XHYI | NYSE Arca

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF | XHYT | NYSE Arca

BondBloxx USD High Yield Bond Healthcare Sector ETF | XHYH | NYSE Arca

BondBloxx USD High Yield Bond Financial & REIT Sector ETF | XHYF | NYSE Arca

BondBloxx USD High Yield Bond Energy Sector ETF | XHYE | NYSE Arca

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF | XHYC | NYSE Arca

BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF | XHYD | NYSE Arca

BondBloxx B Rated USD High Yield Corporate Bond ETF | XB | NYSE Arca

BondBloxx BB Rated USD High Yield Corporate Bond ETF | XBB | NYSE Arca

BondBloxx CCC Rated USD High Yield Corporate Bond ETF | XCCC | NYSE Arca

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | XEMD | Cboe BZX

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | XHLF | NYSE Arca

BondBloxx Bloomberg One Year Target Duration US Treasury ETF | XONE | NYSE Arca

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | XTWO | NYSE Arca

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | XTRE | NYSE Arca

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | XFIV | NYSE Arca

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF | XSVN | NYSE Arca

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | XTEN | NYSE Arca

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | XTWY | NYSE Arca

 

 

BondBloxx Investment Management Corporation | bondbloxxetf.com | 800.896.5089

 

 

 

 

Table of Contents

 

Fund Performance Overview   1
Fund Expense Examples   20
Portfolio of Investments   23
Statements of Assets and Liabilities   133
Statements of Operations   137
Statements of Changes in Net Assets   141
Financial Highlights   151
Notes to the Financial Statements   161
Supplemental Information   178
Board Approval of Investment Advisory Agreement   179
Board of Trustees and Executive Officers   183

 

i

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Industrial Sector ETF Growth
Fund Performance Overview (Unaudited)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx USD High Yield Bond Industrial Sector ETF (XHYI) at net asset value and market price as compared to the ICE Diversified US Cash Pay High Yield Core Industrial Index(1) from the Fund’s inception date (February 15, 2022(2)) to April 30, 2023.

 

BondBloxx USD High Yield Bond Industrial Sector ETF
Growth of a Hypothetical $10,000 Investment

 

 

Average Annual Total Returns as of April 30, 2023            
BondBloxx USD High Yield Bond
Industrial Sector ETF
  Six Months*   1 year   Since
Inception(2) 
Net Asset Value   7.10%   3.80%   (0.17)%
Market Value   7.44%   4.50%   0.04%
ICE Diversified US Cash Pay High Yield            
Core Industrial Index   8.06%   4.72%   0.45%

 

* Not annualized.
(1)  The ICE Diversified US Cash Pay High Yield Core Industrial Index is a rules-based index consisting of U.S. dollar-denominated below investment grade bonds (as determined by ICE Data Indices, LLC or its affiliates (collectively “Index Provider” or “IDI”)) that contains issuers from the industrial sector, including the basic materials, capital goods, transportation and services subsectors.
(2)  The Fund commenced operations on February 15, 2022. Shares of XHYI were listed on the NYSE Arca, Inc. on February 17, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.35%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

1

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (XHYT) at net asset value and market price as compared to the ICE Diversified US Cash Pay High Yield Telecom, Media & Technology Index(1) from the Fund’s inception date (February 15, 2022(2)) to April 30, 2023.

 

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

Growth of a Hypothetical $10,000 Investment

 

 

Average Annual Total Returns as of April 30, 2023            
BondBloxx USD High Yield Bond
Telecom, Media & Technology Sector ETF
  Six Months*   1 year   Since
Inception(2) 
Net Asset Value   0.83%   (3.96)%   (6.87)%
Market Value   1.26%   (3.21)%   (6.63)%
ICE Diversified US Cash Pay High Yield            
Telecom, Media & Technology Index   1.23%   (3.49)%   (6.44)%

 

* Not annualized.
(1)  The ICE Diversified US Cash Pay High Yield Telecom, Media & Technology Index is a rules-based index consisting of U.S. dollar-denominated below investment grade bonds (as determined by ICE Data Indices, LLC or its affiliates (collectively “Index Provider” or “IDI”)) that contains issuers from the telecom, media and technology sector, including the telecommunications, technology & electronics, and media sub-sectors.
(2)  The Fund commenced operations on February 15, 2022. Shares of XHYT were listed on the NYSE Arca, Inc. on February 17, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.35%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

2

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Healthcare Sector ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx USD High Yield Bond Healthcare Sector ETF (XHYH) at net asset value and market price as compared to the ICE Diversified US Cash Pay High Yield Healthcare Index(1) from the Fund’s inception date (February 15, 2022(2)) to April 30, 2023.

 

BondBloxx USD High Yield Bond Healthcare Sector ETF
Growth of a Hypothetical $10,000 Investment

 

 

Average Annual Total Returns as of April 30, 2023            
BondBloxx USD High Yield Bond
Healthcare Sector ETF
  Six Months*   1 year   Since
Inception(2) 
Net Asset Value   9.29%   (3.21)%   (6.12)%
Market Value   10.03%   (2.41)%   (5.87)%
ICE Diversified US Cash Pay High Yield            
Healthcare Index   9.43%   (2.49)%   (5.53)%

 

* Not annualized.
(1)  The ICE Diversified US Cash Pay High Yield Healthcare Index is a rules-based index consisting of U.S. dollar-denominated below investment grade bonds (as determined by ICE Data Indices, LLC or its affiliates (collectively “Index Provider” or “IDI”)) that contains issuers from the healthcare sector, including the health facilities, health services, managed care, medical products, and pharmaceuticals sub-sectors.
(2)  The Fund commenced operations on February 15, 2022. Shares of XHYH were listed on the NYSE Arca, Inc. on February 17, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.35%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

3

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Financial & REIT Sector ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx USD High Yield Bond Financial & REIT Sector ETF (XHYF) at net asset value and market price as compared to the ICE Diversified US Cash Pay High Yield Financial & REIT Index(1) from the Fund’s inception date (February 15, 2022(2)) to April 30, 2023.

 

BondBloxx USD High Yield Bond Financial & REIT Sector ETF
Growth of a Hypothetical $10,000 Investment

 

 

Average Annual Total Returns as of April 30, 2023            

BondBloxx USD High Yield Bond
Financial & REIT Sector ETF

  Six Months*   1 year   Since
Inception(2) 
Net Asset Value   5.42%   0.25%   (3.08)%
Market Value   5.70%   1.15%   (2.94)%
ICE Diversified US Cash Pay High Yield            
Financial & REIT Index   5.80%   0.96%   (2.52)%

 

* Not annualized.
(1)  The ICE Diversified US Cash Pay High Yield Financial & REIT Index is a rules-based index consisting of U.S. dollar-denominated below investment grade bonds (as determined by ICE Data Indices, LLC or its affiliates (collectively “Index Provider” or “IDI”)) that contains issuers from the financial sector, including the banking, financial services, and insurance sub-sectors, and the REIT sector. The REIT sector is comprised solely of debt issued by real estate investment trusts.
(2)  The Fund commenced operations on February 15, 2022. Shares of XHYF were listed on the NYSE Arca, Inc. on February 17, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.35%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

4

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Energy Sector ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx USD High Yield Bond Energy Sector ETF (XHYE) at net asset value and market price as compared to the ICE Diversified US Cash Pay High Yield Energy Index(1) from the Fund’s inception date (February 15, 2022(2)) to April 30, 2023.

 

BondBloxx USD High Yield Bond Energy Sector ETF
Growth of a Hypothetical $10,000 Investment

 

 

Average Annual Total Returns as of April 30, 2023            

BondBloxx USD High Yield Bond
Energy Sector ETF

  Six Months*   1 year   Since
Inception(2) 
Net Asset Value   5.37%   4.08%   1.97%
Market Value   5.98%   5.07%   2.16%
ICE Diversified US Cash Pay High Yield            
Energy Index   5.76%   4.87%   2.71%

 

* Not annualized.
(1)  The ICE Diversified US Cash Pay High Yield Energy Index is a rules-based index consisting of U.S. dollar-denominated below investment grade bonds (as determined by ICE Data Indices, LLC or its affiliates (collectively “Index Provider” or “IDI”)) that contains issuers from the energy sector, including the exploration & production, gas distribution, oil field equipment & services, and oil refining & marketing sub-sectors.
(2)  The Fund commenced operations on February 15, 2022. Shares of XHYE were listed on the NYSE Arca, Inc. on February 17, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.35%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

5

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF (XHYC) at net asset value and market price as compared to the ICE Diversified US Cash Pay High Yield Consumer Cyclical Index(1) from the Fund’s inception date (February 15, 2022(2)) to April 30, 2023.

 

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
Growth of a Hypothetical $10,000 Investment

 

 

Average Annual Total Returns as of April 30, 2023            

BondBloxx USD High Yield Bond
Consumer Cyclicals Sector ETF

  Six Months*   1 year   Since
Inception(2) 
Net Asset Value   6.53%   0.08%   (3.40)%
Market Value   7.35%   0.81%   (3.33)%
ICE Diversified US Cash Pay High Yield            
Consumer Cyclical Index   6.96%   0.53%   (2.98)%

 

* Not annualized.
(1)  The ICE Diversified US Cash Pay High Yield Consumer Cyclical Index is a rules-based index consisting of U.S. dollar-denominated below investment grade bonds (as determined by ICE Data Indices, LLC or its affiliates (collectively “Index Provider” or “IDI”)) that contains issuers from the consumer cyclicals sector (companies whose performance is generally more closely connected to the business cycle and current economic conditions), including the automotive, leisure, real estate development & management, department stores, and specialty retail subsectors.
(2)  The Fund commenced operations on February 15, 2022. Shares of XHYC were listed on the NYSE Arca, Inc. on February 17, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.35%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

6

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF (XHYD) at net asset value and market price as compared to the ICE Diversified US Cash Pay High Yield Consumer Non-Cyclical Index(1) from the Fund’s inception date (February 15, 2022(2)) to April 30, 2023.

 

BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF
Growth of a Hypothetical $10,000 Investment

 

 

Average Annual Total Returns as of April 30, 2023            

BondBloxx USD High Yield Bond
Consumer Non-Cyclicals Sector ETF

  Six Months*   1 year   Since
Inception(2) 
Net Asset Value   6.91%   4.18%   (0.76)%
Market Value   7.31%   5.03%   (0.66)%
ICE Diversified US Cash Pay High Yield            
Consumer Non-Cyclical Index   7.34%   4.63%   (0.31)%

 

* Not annualized.
(1)  The ICE Diversified US Cash Pay High Yield Consumer Non-Cyclical Index is a rules-based index consisting of U.S. dollar-denominated below investment grade bonds (as determined by ICE Data Indices, LLC or its affiliates (collectively “Index Provider” or “IDI”)) that contains issuers from the consumer non-cyclicals sector (companies whose performance is generally less closely connected to the business cycle and current economic conditions), including the consumer goods, discount stores, food & drug retail, restaurants, and utilities sub-sectors.
(2)  The Fund commenced operations on February 15, 2022. Shares of XHYD were listed on the NYSE Arca, Inc. on February 17, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.35%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

7

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx B Rated USD High Yield Corporate Bond ETF (XB) at net asset value and market price as compared to the ICE BofA Single-B US Cash Pay High Yield Constrained Index(1) from the Fund’s inception date (May 24, 2022(2)) to April 30, 2023.

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Growth of a Hypothetical $10,000 Investment

 

 

Cumulative Total Returns as of April 30, 2023        

BondBloxx B Rated USD High Yield
Corporate Bond ETF

  Six Months   Since
Inception(2) 
Net Asset Value   5.13%   3.61%
Market Value   5.47%   0.02%
ICE BofA Single-B US Cash Pay High Yield        
Constrained Index   5.93%   4.47%

 

(1)  The ICE BofA Single-B US Cash Pay High Yield Constrained Index contains all bonds in the ICE BofA US Cash Pay High Yield Index (the “Underlying Index”) that are rated B1 through B3, based on an average of Moody’s Investors Services Inc. (“Moody’s”), S&P Global Ratings (“S&P”) and Fitch Ratings, Inc. (“Fitch”), but caps issuer exposure at 2%.
(2)  The Fund commenced operations on May 24, 2022. Shares of XB were listed on the NYSE Arca, Inc. on May 26, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.30%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

8

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF Growth

Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB) at net asset value and market price as compared to the ICE BofA BB US Cash Pay High Yield Constrained Index(1) from the Fund’s inception date (May 24, 2022(2)) to April 30, 2023.

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF
Growth of a Hypothetical $10,000 Investment

 

 

Cumulative Total Returns as of April 30, 2023        

BondBloxx BB Rated USD High Yield
Corporate Bond ETF

  Six Months   Since
Inception(2) 
Net Asset Value   5.54%   3.35%
Market Value   5.88%   (0.02)%
ICE BofA BB US Cash Pay High Yield        
Constrained Index   5.82%   3.55%

 

(1)  The ICE BofA BB US Cash Pay High Yield Constrained Index contains all bonds in the ICE BofA US Cash Pay High Yield Index (the “Underlying Index”) that are rated BB1 though BB3, based on an average of Moody’s Investors Services, Inc. (“Moody’s”), S&P Global Ratings (“S&P”) and Fitch Ratings, Inc. (“Fitch”), but caps issuer exposure at 2%.
(2)  The Fund commenced operations on May 24, 2022. Shares of XBB were listed on the NYSE Arca, Inc. on May 26, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.20%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

9

 

 

BONDBLOXX ETF TRUST

 

BondBloxx CCC Rated USD High Yield Corporate Bond ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) at net asset value and market price as compared to the ICE CCC US Cash Pay High Yield Constrained Index(1) from the Fund’s inception date (May 24, 2022(2)) to April 30, 2023.

 

BondBloxx CCC Rated USD High Yield Corporate Bond ETF
Growth of a Hypothetical $10,000 Investment

 

 

Cumulative Total Returns as of April 30, 2023        

BondBloxx CCC Rated USD High Yield
Corporate Bond ETF

  Six Months   Since
Inception(2) 
Net Asset Value   6.53%   3.77%
Market Value   7.01%   0.98%
ICE CCC US Cash Pay High Yield        
Constrained Index   7.25%   4.69%

 

(1)  The ICE CCC US Cash Pay High Yield Constrained Index contains all bonds in the ICE BofA US Cash Pay High Yield Index (the “Underlying Index”) that are rated CCC1 through CCC3, based on an average of Moody’s Investors Services, Inc. (“Moody’s”), S&P Global Ratings (“S&P”) and Fitch Ratings, Inc. (“Fitch”), but caps issuer exposure at 2%.
(2)  The Fund commenced operations on May 24, 2022. Shares of XCCC were listed on the NYSE Arca, Inc. on May 26, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.40%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

10

 

 

BONDBLOXX ETF TRUST

 

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (XEMD) at net asset value and market price as compared to the J.P. Morgan EMBI Global Diversified Liquid 1-10 Year Maturity Index(1) from the Fund’s inception date (June 28, 2022(2)) to April 30, 2023.

 

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF
Growth of a Hypothetical $10,000 Investment

 

 

Cumulative Total Returns as of April 30, 2023        

BondBloxx JP Morgan USD Emerging Markets
1-10 Year Bond ETF

  Six Months   Since
Inception(2) 
Net Asset Value   7.38%   3.33%
Market Value   8.43%   3.75%
J.P. Morgan EMBI Global Diversified Liquid        
1-10 Year Maturity Index   7.66%   3.73%

 

(1)  The J.P. Morgan EMBI Global Diversified Liquid 1-10 Year Maturity Index contains all bonds with at least $1 billion in face amount outstanding in the J.P. Morgan EMBI Global Diversified Index (the “Underlying Index”) that have an average life below 10 years at each month-end rebalance. The Underlying Index is a broad, diverse U.S. dollar-denominated emerging markets debt benchmark that tracks the total return of actively-traded external debt instruments in emerging market countries.
(2)  The Fund commenced operations on June 28, 2022. Shares of XEMD were listed on the Cboe BZX, Inc. on June 30, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the Cboe BZX, Inc. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.29%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

11

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (XHLF) at net asset value and market price as compared to the Bloomberg US Treasury 6 Month Duration Index(1) from the Fund’s inception date (September 13, 2022(2)) to April 30, 2023.

 

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
Growth of a Hypothetical $10,000 Investment

 

 

Cumulative Total Returns as of April 30, 2023        

BondBloxx Bloomberg Six Month
Target Duration US Treasury ETF

  Six Months   Since
Inception(2) 
Net Asset Value   2.15%   2.33%
Market Value   2.09%   2.31%
Bloomberg US Treasury 6 Month        
Duration Index   2.19%   2.35%

 

(1)  The Bloomberg US Treasury 6 Month Duration Index is comprised of certain U.S. Treasury notes and bonds that are included in the Bloomberg US Treasury Bill Index (the “Underlying Index”). The Index is constructed using two underlying “duration buckets” of U.S. Treasury notes and bonds included in the Underlying Index that are weighted by market capitalization of their component securities and then blended according to the weighting required to match the 6 month target duration of the Index at the monthly rebalancing date.
(2)  The Fund commenced operations on September 13, 2022. Shares of XHLF were listed on the NYSE Arca, Inc. on September 15, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.03%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

12

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) at net asset value and market price as compared to the Bloomberg US Treasury 1 Year Duration Index(1) from the Fund’s inception date (September 13, 2022(2)) to April 30, 2023.

 

BondBloxx Bloomberg One Year Target Duration US Treasury ETF
Growth of a Hypothetical $10,000 Investment

 

 

Cumulative Total Returns as of April 30, 2023        

BondBloxx Bloomberg One Year
Target Duration US Treasury ETF

  Six Months   Since
Inception(2) 
Net Asset Value   2.18%   1.97%
Market Value   2.20%   2.05%
Bloomberg US Treasury 1 Year        
Duration Index   2.21%   2.03%

 

(1)  The Bloomberg US Treasury 1 Year Duration Index is comprised of certain U.S. Treasury notes and bonds that are included in the Bloomberg US Short Treasury Index and Bloomberg US Treasury Index (each an “Underlying Index”). The Index is constructed using two underlying “duration buckets” of U.S. Treasury notes and bonds included in the Underlying Index that are weighted by market capitalization of their component securities and then blended according to the weighting required to match the 1 year target duration of the Index at the monthly rebalancing date.
(2)  The Fund commenced operations on September 13, 2022. Shares of XONE were listed on the NYSE Arca, Inc. on September 15, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.03%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

13

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (XTWO) at net asset value and market price as compared to the Bloomberg US Treasury 2 Year Duration Index(1) from the Fund’s inception date (September 13, 2022(2)) to April 30, 2023.

 

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
Growth of a Hypothetical $10,000 Investment

 

 

Cumulative Total Returns as of April 30, 2023        

BondBloxx Bloomberg Two Year
Target Duration US Treasury ETF

  Six Months   Since
Inception(2) 
Net Asset Value   2.82%   1.90%
Market Value   2.84%   2.08%
Bloomberg US Treasury 2 Year        
Duration Index   2.85%   1.95%

 

(1)  The Bloomberg US Treasury 2 Year Duration Index is comprised of certain U.S. Treasury notes and bonds that are included in the Bloomberg US Treasury Index (the “Underlying Index”). The Index is constructed using two underlying “duration buckets” of U.S. Treasury notes and bonds included in the Underlying Index that are weighted by market capitalization of their component securities and then blended according to the weighting required to match the 2 year target duration of the Index at the monthly rebalancing date.
(2)  The Fund commenced operations on September 13, 2022. Shares of XTWO were listed on the NYSE Arca, Inc. on September 15, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.05%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

14

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (XTRE) at net asset value and market price as compared to the Bloomberg US Treasury 3 Year Duration Index(1) from the Fund’s inception date (September 13, 2022(2)) to April 30, 2023.

 

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF
Growth of a Hypothetical $10,000 Investment

 

 

Cumulative Total Returns as of April 30, 2023        

BondBloxx Bloomberg Three Year
Target Duration US Treasury ETF

  Six Months  

Since
Inception(2) 

Net Asset Value   3.89%   2.39%
Market Value   3.91%   2.61%
Bloomberg US Treasury 3 Year        
Duration Index   3.90%   2.39%

 

(1)  The Bloomberg US Treasury 3 Year Duration Index is comprised of certain U.S. Treasury notes and bonds that are included in the Bloomberg US Treasury Index (the “Underlying Index”). The Index is constructed using two underlying “duration buckets” of U.S. Treasury notes and bonds included in the Underlying Index that are weighted by market capitalization of their component securities and then blended according to the weighting required to match the 3 year target duration of the Index at the monthly rebalancing date.
(2)  The Fund commenced operations on September 13, 2022. Shares of XTRE were listed on the NYSE Arca, Inc. on September 15, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.05%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

15

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (XFIV) at net asset value and market price as compared to the Bloomberg US Treasury 5 Year Duration Index(1) from the Fund’s inception date (September 13, 2022(2)) to April 30, 2023.

 

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
Growth of a Hypothetical $10,000 Investment

 

 

Cumulative Total Returns as of April 30, 2023        

BondBloxx Bloomberg Five Year
Target Duration US Treasury ETF

  Six Months   Since
Inception(2) 
Net Asset Value   5.58%   2.68%
Market Value   5.65%   3.01%
Bloomberg US Treasury 5 Year        
Duration Index   5.60%   2.69%

 

(1)  The Bloomberg US Treasury 5 Year Duration Index is comprised of certain U.S. Treasury notes and bonds that are included in the Bloomberg US Treasury Index (the “Underlying Index”). The Index is constructed using two underlying “duration buckets” of U.S. Treasury notes and bonds included in the Underlying Index that are weighted by market capitalization of their component securities and then blended according to the weighting required to match the 5 year target duration of the Index at the monthly rebalancing date.
(2)  The Fund commenced operations on September 13, 2022. Shares of XFIV were listed on the NYSE Arca, Inc. on September 15, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.05%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

16

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (XSVN) at net asset value and market price as compared to the Bloomberg US Treasury 7 Year Duration Index(1) from the Fund’s inception date (September 13, 2022(2)) to April 30, 2023.

 

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF
Growth of a Hypothetical $10,000 Investment

 

 

Cumulative Total Returns as of April 30, 2023        

BondBloxx Bloomberg Seven Year
Target Duration US Treasury ETF

  Six Months   Since
Inception(2) 
Net Asset Value   6.62%   2.43%
Market Value   6.79%   2.78%
Bloomberg US Treasury 7 Year        
Duration Index   6.66%   2.52%

 

(1)  The Bloomberg US Treasury 7 Year Duration Index is comprised of certain U.S. Treasury notes and bonds that are included in the Bloomberg US Treasury Index (the “Underlying Index”). The Index is constructed using two underlying “duration buckets” of U.S. Treasury notes and bonds included in the Underlying Index that are weighted by market capitalization of their component securities and then blended according to the weighting required to match the 7 year target duration of the Index at the monthly rebalancing date.
(2)  The Fund commenced operations on September 13, 2022. Shares of XSVN were listed on the NYSE Arca, Inc. on September 15, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.05%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

17

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (XTEN) at net asset value and market price as compared to the Bloomberg US Treasury 10 Year Duration Index(1) from the Fund’s inception date (September 13, 2022(2)) to April 30, 2023.

 

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF
Growth of a Hypothetical $10,000 Investment

 

 

Cumulative Total Returns as of April 30, 2023        

BondBloxx Bloomberg Ten Year
Target Duration US Treasury ETF

  Six Months   Since
Inception(2) 
Net Asset Value   8.97%   2.25%
Market Value   9.27%   2.68%
Bloomberg US Treasury 10 Year        
Duration Index   8.91%   2.18%

 

(1)  The Bloomberg US Treasury 10 Year Duration Index is comprised of certain U.S. Treasury notes and bonds that are included in the Bloomberg US Treasury Index (the “Underlying Index”). The Index is constructed using two underlying “duration buckets” of U.S. Treasury notes and bonds included in the Underlying Index that are weighted by market capitalization of their component securities and then blended according to the weighting required to match the 10 year target duration of the Index at the monthly rebalancing date.
(2)  The Fund commenced operations on September 13, 2022. Shares of XTEN were listed on the NYSE Arca, Inc. on September 15, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.075%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

18

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF Growth
Fund Performance Overview (Unaudited) (Continued)

 

The following graph depicts the hypothetical $10,000 investment in the BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (XTWY) at net asset value and market price as compared to the Bloomberg US Treasury 20 Year Duration Index(1) from the Fund’s inception date (September 13, 2022(2)) to April 30, 2023.

 

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF

Growth of a Hypothetical $10,000 Investment

 

 

Cumulative Total Returns as of April 30, 2023        

BondBloxx Bloomberg Twenty Year
Target Duration US Treasury ETF

  Six Months  

Since
Inception(2) 

Net Asset Value   13.83%   (0.18)%
Market Value   14.07%   (0.36)%
Bloomberg US Treasury 20 Year        
Duration Index   13.86%   0.00%

 

(1)  The Bloomberg US Treasury 20 Year Duration Index is comprised of certain U.S. Treasury notes and bonds that are included in the Bloomberg US Treasury Index (the “Underlying Index”). The Index is constructed using two underlying “duration buckets” of U.S. Treasury notes and bonds included in the Underlying Index that are weighted by market capitalization of their component securities and then blended according to the weighting required to match the 20 year target duration of the Index at the monthly rebalancing date.
(2)  The Fund commenced operations on September 13, 2022. Shares of XTWY were listed on the NYSE Arca, Inc. on September 15, 2022.

 

Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit https://bondbloxxetf.com/.

 

Net asset value (“NAV”) returns are based on the dollar value of a single share of the Fund, calculated using the value of the underlying assets of the Fund minus its liabilities, divided by the number of shares outstanding. The NAV is typically calculated at 4:00 pm Eastern time on each business day the New York Stock Exchange is open for trading. Market returns are based on the trade price at which shares are bought and sold on the NYSE Arca, Inc. using the last share trade. Market performance does not represent the returns you would receive if you traded shares at other times. Total Return reflects reinvestment of distributions on ex-date for NAV returns and payment date for Market Price returns. The market price of the Fund’s shares may differ significantly from their NAV during periods of market volatility. The referenced indices are shown for informational purposes only and are not meant to represent the Fund. One cannot invest directly in an index.

 

The Fund’s performance assumes the reinvestment of all dividends and all capital gains. Returns shown do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares.

 

As stated in the current prospectus, the expense ratio is 0.125%. Please refer to the Financial Highlights herein for the most recent expense ratio information.

 

19

 

 

BONDBLOXX ETF TRUST

 

Fund Expense Examples (Unaudited)

 

As a shareholder, you incur two types of costs: (1) transaction costs for purchasing and selling shares; and (2) ongoing costs, including management fees and other Fund expenses. The following examples are intended to help you understand your ongoing costs (in dollars) of investing in the Fund and to compare these costs with the ongoing costs of investing in other funds. This example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The example assumes that you invest $1,000 in the Fund at the beginning of the period (November 1, 2022) and held for the entire period until April 30, 2023. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same.

 

Actual Expenses

 

The first line under each Fund in the tables below provides information about actual account values and actual expenses. You may use the information, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled “Expenses paid during period” to estimate the expenses you paid on your account during this period.

 

Hypothetical Example for Comparison Purposes

 

The second line under each Fund in the tables below provides information about hypothetical account values and hypothetical expenses based on each Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund’s actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund with other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

 

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions paid on purchases and sales of Fund shares. Therefore, the second line under the Fund in the table is useful in comparing ongoing Fund costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 

Fund   Beginning
Account Value
11/1/2022
    Ending
Account Value
4/30/2023
    Annualized
Expense Ratios
for the Period
4/30/2023
    Expenses
Paid During
the Period(1)
4/30/2023
 
BondBloxx USD High Yield Bond                              
Industrial Sector ETF                              
Actual Expenses   $ 1,000.00     $ 1,070.97     0.35%     $ 1.80  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,023.06     0.35%     $ 1.76  
                               
BondBloxx USD High Yield Bond                              
Telecom, Media & Technology Sector ETF                              
Actual Expenses   $ 1,000.00     $ 1,008.35     0.35%     $ 1.74  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,023.06     0.35%     $ 1.76  
                               
BondBloxx USD High Yield Bond                              
Healthcare Sector ETF                              
Actual Expenses   $ 1,000.00     $ 1,092.94     0.35%     $ 1.82  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,023.06     0.35%     $ 1.76  
                               
BondBloxx USD High Yield Bond                              
Financial & REIT Sector ETF                              
Actual Expenses   $ 1,000.00     $ 1,054.21     0.35%     $ 1.78  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,023.06     0.35%     $ 1.76  

 

20

 

 

BONDBLOXX ETF TRUST

 

Fund Expense Examples (Unaudited) (Continued)

 

Fund   Beginning
Account Value
11/1/2022
    Ending
Account Value
4/30/2023
    Annualized
Expense Ratios
for the Period
4/30/2023
   

Expenses
Paid During

the Period(1)
4/30/2023

 
BondBloxx USD High Yield Bond                              
Energy Sector ETF                              
Actual Expenses   $ 1,000.00     $ 1,053.71     0.35%     $ 1.78  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,023.06     0.35%     $ 1.76  
                               
BondBloxx USD High Yield Bond                              
Consumer Cyclicals Sector ETF                              
Actual Expenses   $ 1,000.00     $ 1,065.35     0.35%     $ 1.79  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,023.06     0.35%     $ 1.76  
                               
BondBloxx USD High Yield Bond                              
Consumer Non-Cyclicals Sector ETF                              
Actual Expenses   $ 1,000.00     $ 1,069.10     0.35%     $ 1.80  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,023.06     0.35%     $ 1.76  
                               
BondBloxx B Rated USD High Yield                              
Corporate Bond ETF                              
Actual Expenses   $ 1,000.00     $ 1,051.35     0.30%     $ 1.53  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,023.31     0.30%     $ 1.51  
                               
BondBloxx BB Rated USD High Yield                              
Corporate Bond ETF                              
Actual Expenses   $ 1,000.00     $ 1,055.41     0.20%     $ 1.02  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,023.80     0.20%     $ 1.00  
                               
BondBloxx CCC Rated USD High Yield                              
Corporate Bond ETF                              
Actual Expenses   $ 1,000.00     $ 1,065.27     0.40%     $ 2.05  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,022.81     0.40%     $ 2.01  
                               
BondBloxx JP Morgan USD Emerging Markets                              
1-10 Year Bond ETF                              
Actual Expenses   $ 1,000.00     $ 1,073.81     0.29%     $ 1.49  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,023.36     0.29%     $ 1.45  
                               
BondBloxx Bloomberg Six Month                              
Target Duration US Treasury ETF                              
Actual Expenses   $ 1,000.00     $ 1,021.50     0.03%     $ 0.15  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,024.65     0.03%     $ 0.15  
                               
BondBloxx Bloomberg One Year                              
Target Duration US Treasury ETF                              
Actual Expenses   $ 1,000.00     $ 1,021.77     0.03%     $ 0.15  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,024.65     0.03%     $ 0.15  
                               
BondBloxx Bloomberg Two Year                              
Target Duration US Treasury ETF                              
Actual Expenses   $ 1,000.00     $ 1,028.22     0.05%     $ 0.25  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,024.55     0.05%     $ 0.25  
                               
BondBloxx Bloomberg Three Year                              
Target Duration US Treasury ETF                              
Actual Expenses   $ 1,000.00     $ 1,038.85     0.05%     $ 0.25  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,024.55     0.05%     $ 0.25  

 

21

 

 

BONDBLOXX ETF TRUST

 

Fund Expense Examples (Unaudited) (Continued)

 

Fund   Beginning
Account Value
11/1/2022
    Ending
Account Value
4/30/2023
    Annualized
Expense Ratios
for the Period
4/30/2023
    Expenses
Paid During
the Period(1)
4/30/2023
 
BondBloxx Bloomberg Five Year                              
Target Duration US Treasury ETF                              
Actual Expenses   $ 1,000.00     $ 1,055.83     0.05%     $ 0.25  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,024.55     0.05%     $ 0.25  
                               
BondBloxx Bloomberg Seven Year                              
Target Duration US Treasury ETF                               
Actual Expenses   $ 1,000.00     $ 1,066.16     0.05%     $ 0.26  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,024.55     0.05%     $ 0.25  
                               
BondBloxx Bloomberg Ten Year                              
Target Duration US Treasury ETF                              
Actual Expenses   $ 1,000.00     $ 1,089.73     0.075%     $ 0.39  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,024.42     0.075%     $ 0.38  
                               
BondBloxx Bloomberg Twenty Year                              
Target Duration US Treasury ETF                               
Actual Expenses   $ 1,000.00     $ 1,138.33     0.125%     $ 0.66  
Hypothetical (5% return before expenses)   $ 1,000.00     $ 1,024.17     0.125%     $ 0.63  

 

(1)  Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by the 181 days in the period, then divided by 365.

 

22

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Industrial Sector ETF
Portfolio of Investments
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
CORPORATE BONDS – 97.7%                            
ADVERTISING – 0.1%                            
Summer BC Bidco B LLC(1)    5.50     10/31/26     $ 28,000     $ 23,523  
                             
AEROSPACE/DEFENSE – 10.4%                            
Bombardier, Inc.(1)    6.00     02/15/28       55,000       52,225  
Bombardier, Inc.(1)    7.13     06/15/26       87,000       86,818  
Bombardier, Inc.(1)    7.45     05/01/34       34,000       37,706  
Bombardier, Inc.(1)    7.50     03/15/25       24,000       24,032  
Bombardier, Inc.(1)    7.50     02/01/29       55,000       54,155  
Bombardier, Inc.(1)    7.88     04/15/27       135,000       134,758  
F-Brasile SpA/F-Brasile US LLC(1)    7.38     08/15/26       35,000       29,435  
Howmet Aerospace, Inc.   3.00     01/15/29       55,000       49,415  
Howmet Aerospace, Inc.   5.13     10/01/24       65,000       64,822  
Howmet Aerospace, Inc.   5.90     02/01/27       45,000       46,131  
Howmet Aerospace, Inc.   5.95     02/01/37       45,000       45,837  
Howmet Aerospace, Inc.   6.75     01/15/28       25,000       26,378  
Howmet Aerospace, Inc.   6.88     05/01/25       45,000       46,406  
Moog, Inc.(1)    4.25     12/15/27       34,000       32,018  
Rolls-Royce PLC(1)    3.63     10/14/25       62,000       58,900  
Rolls-Royce PLC(1)    5.75     10/15/27       77,000       76,926  
Spirit AeroSystems, Inc.   3.85     06/15/26       20,000       18,762  
Spirit AeroSystems, Inc.   4.60     06/15/28       50,000       42,473  
Spirit AeroSystems, Inc.(1)    7.50     04/15/25       85,000       84,566  
Spirit AeroSystems, Inc.(1)    9.38     11/30/29       66,000       71,027  
TransDigm UK Holdings PLC   6.88     05/15/26       35,000       35,265  
TransDigm, Inc.   4.63     01/15/29       84,000       76,125  
TransDigm, Inc.   4.88     05/01/29       55,000       50,043  
TransDigm, Inc.   5.50     11/15/27       187,000       179,756  
TransDigm, Inc.(1)    6.25     03/15/26       325,000       327,045  
TransDigm, Inc.   6.38     06/15/26       68,000       68,003  
TransDigm, Inc.(1)    6.75     08/15/28       150,000       152,519  
TransDigm, Inc.   7.50     03/15/27       40,000       40,255  
Triumph Group, Inc.   7.75     08/15/25       33,000       30,740  
Triumph Group, Inc.(1)    9.00     03/15/28       85,000       86,273  
                          2,128,814  
AIRLINES – 7.3%                            
Air Canada(1)    3.88     08/15/26       88,000       81,571  
Allegiant Travel Co.(1)    7.25     08/15/27       40,000       39,544  
American Airlines Group, Inc.(1)    3.75     03/01/25       32,000       30,173  
American Airlines, Inc.(1)    7.25     02/15/28       55,000       53,544  
American Airlines, Inc.(1)    11.75     07/15/25       177,000       194,922  
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(1)    5.50     04/20/26       248,000       243,820  
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(1)    5.75     04/20/29       215,000       204,589  
Delta Air Lines, Inc.   2.90     10/28/24       60,000       57,942  
Delta Air Lines, Inc.   3.75     10/28/29       34,000       30,457  
Delta Air Lines, Inc.   4.38     04/19/28       34,000       32,085  
Delta Air Lines, Inc.   7.38     01/15/26       60,000       63,310  

 

The accompanying notes are an integral part of these financial statements.

 

23

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Industrial Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
AIRLINES – 7.3% (Continued)                        
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.(1)    5.75     01/20/26     $ 88,000     $ 82,066  
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd.(1)    8.00     09/20/25       38,000       38,387  
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd.(1)    8.00     09/20/25       45,000       45,491  
United Airlines Holdings, Inc.   4.88     01/15/25       23,000       22,641  
United Airlines, Inc.(1)    4.38     04/15/26       143,000       136,740  
United Airlines, Inc.(1)    4.63     04/15/29       144,000       130,475  
                          1,487,757  
AUTO MANUFACTURERS – 0.5%                            
JB Poindexter & Co., Inc.(1)    7.13     04/15/26       40,000       38,650  
PM General Purchaser LLC(1)    9.50     10/01/28       44,000       41,733  
Wabash National Corp.(1)    4.50     10/15/28       30,000       26,140  
                          106,523  
AUTO PARTS & EQUIPMENT – 0.3%                            
Dornoch Debt Merger Sub, Inc.(1)    6.63     10/15/29       44,000       32,651  
Titan International, Inc.   7.00     04/30/28       30,000       26,850  
                          59,501  
BUILDING MATERIALS – 5.8%                            
Boise Cascade Co.(1)    4.88     07/01/30       30,000       27,110  
Builders FirstSource, Inc.(1)    4.25     02/01/32       88,000       77,206  
Builders FirstSource, Inc.(1)    5.00     03/01/30       47,000       43,964  
Builders FirstSource, Inc.(1)    6.38     06/15/32       51,000       50,803  
Camelot Return Merger Sub, Inc.(1)    8.75     08/01/28       50,000       47,437  
Cornerstone Building Brands, Inc.(1)    6.13     01/15/29       22,000       16,581  
CP Atlas Buyer, Inc.(1)    7.00     12/01/28       33,000       24,833  
Eco Material Technologies, Inc.(1)    7.88     01/31/27       39,000       37,489  
Griffon Corp.   5.75     03/01/28       71,000       65,586  
James Hardie International Finance DAC(1)    5.00     01/15/28       30,000       28,312  
JELD-WEN, Inc.(1)    4.63     12/15/25       33,000       31,893  
JELD-WEN, Inc.(1)    4.88     12/15/27       30,000       26,292  
JELD-WEN, Inc.(1)    6.25     05/15/25       10,000       10,083  
Knife River Holding Co.(1)    7.75     05/01/31       30,000       30,449  
Louisiana-Pacific Corp.(1)    3.63     03/15/29       22,000       19,326  
Masonite International Corp.(1)    3.50     02/15/30       20,000       17,153  
Masonite International Corp.(1)    5.38     02/01/28       45,000       43,377  
MIWD Holdco II LLC/MIWD Finance Corp.(1)    5.50     02/01/30       38,000       31,966  
New Enterprise Stone & Lime Co., Inc.(1)    5.25     07/15/28       47,000       42,116  
Oscar Acquisition Co. LLC/Oscar Finance, Inc.(1)    9.50     04/15/30       45,000       39,423  
PGT Innovations, Inc.(1)    4.38     10/01/29       44,000       39,938  
Smyrna Ready Mix Concrete LLC(1)    6.00     11/01/28       77,000       72,162  
Standard Industries, Inc./NJ(1)    3.38     01/15/31       77,000       61,025  
Standard Industries, Inc./NJ(1)    4.38     07/15/30       115,000       99,404  
Standard Industries, Inc./NJ(1)    4.75     01/15/28       73,000       68,347  
Standard Industries, Inc./NJ(1)    5.00     02/15/27       60,000       57,473  
Summit Materials LLC/Summit Materials Finance Corp.(1)    5.25     01/15/29       52,000       49,488  
Summit Materials LLC/Summit Materials Finance Corp.(1)    6.50     03/15/27       20,000       19,962  
                          1,179,198  

 

The accompanying notes are an integral part of these financial statements.

 

24

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Industrial Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
CHEMICALS – 9.9%                        
Ashland LLC(1)    3.38     09/01/31     $ 32,000     $ 26,547  
Ashland LLC   6.88     05/15/43       20,000       20,069  
ASP Unifrax Holdings, Inc.(1)    5.25     09/30/28       55,000       45,375  
ASP Unifrax Holdings, Inc.(1)    7.50     09/30/29       28,000       20,120  
Avient Corp.(1)    5.75     05/15/25       45,000       45,017  
Avient Corp.(1)    7.13     08/01/30       50,000       51,148  
Axalta Coating Systems LLC(1)    3.38     02/15/29       52,000       45,015  
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV(1)    4.75     06/15/27       35,000       33,844  
Chemours Co.(1)    4.63     11/15/29       50,000       41,228  
Chemours Co.   5.38     05/15/27       33,000       30,709  
Chemours Co.(1)    5.75     11/15/28       55,000       48,947  
Cornerstone Chemical Co.(1)    10.25     09/01/27       5,000       4,456  
CVR Partners LP/CVR Nitrogen Finance Corp.(1)    6.13     06/15/28       45,000       40,674  
Element Solutions, Inc.(1)    3.88     09/01/28       55,000       48,594  
GPD Cos, Inc.(1)    10.13     04/01/26       35,000       32,059  
HB Fuller Co.   4.00     02/15/27       20,000       18,926  
HB Fuller Co.   4.25     10/15/28       20,000       18,386  
Herens Holdco Sarl(1)    4.75     05/15/28       20,000       16,602  
Illuminate Buyer LLC/Illuminate Holdings IV, Inc.(1)    9.00     07/01/28       33,000       29,321  
INEOS Finance PLC(1)    6.75     05/15/28       35,000       34,616  
INEOS Quattro Finance 2 PLC(1)    3.38     01/15/26       35,000       32,149  
Ingevity Corp.(1)    3.88     11/01/28       45,000       39,537  
Innophos Holdings, Inc.(1)    9.38     02/15/28       20,000       20,097  
Iris Holding, Inc.(1)    10.00     12/15/28       30,000       23,807  
LSF11 A5 Hold Co. LLC(1)    6.63     10/15/29       22,000       18,967  
Mativ Holdings, Inc.(1)    6.88     10/01/26       20,000       18,254  
Minerals Technologies, Inc.(1)    5.00     07/01/28       30,000       27,439  
NOVA Chemicals Corp.(1)    4.25     05/15/29       41,000       33,197  
NOVA Chemicals Corp.(1)    4.88     06/01/24       77,000       75,888  
NOVA Chemicals Corp.(1)    5.00     05/01/25       35,000       34,003  
NOVA Chemicals Corp.(1)    5.25     06/01/27       73,000       66,154  
Nufarm Australia Ltd./Nufarm Americas, Inc.(1)    5.00     01/27/30       20,000       17,796  
Olin Corp.   5.00     02/01/30       35,000       32,723  
Olin Corp.   5.13     09/15/27       35,000       33,902  
Olin Corp.   5.63     08/01/29       52,000       50,767  
Olympus Water US Holding Corp.(1)    4.25     10/01/28       55,000       46,970  
Olympus Water US Holding Corp.(1)    6.25     10/01/29       30,000       24,135  
Olympus Water US Holding Corp.(1)    7.13     10/01/27       20,000       19,088  
Polar US Borrower LLC/Schenectady International Group, Inc.(1)    6.75     05/15/26       17,000       10,344  
Rain CII Carbon LLC/CII Carbon Corp.(1)    7.25     04/01/25       40,000       38,811  
Rayonier AM Products, Inc.(1)    5.50     06/01/24       20,000       20,078  
Rayonier AM Products, Inc.(1)    7.63     01/15/26       35,000       31,190  
SCIH Salt Holdings, Inc.(1)    4.88     05/01/28       77,000       69,402  
SCIH Salt Holdings, Inc.(1)    6.63     05/01/29       50,000       41,730  
SCIL IV LLC/SCIL USA Holdings LLC(1)    5.38     11/01/26       55,000       50,686  
SK Invictus Intermediate II Sarl(1)    5.00     10/30/29       50,000       42,616  
SPCM SA(1)    3.13     03/15/27       30,000       26,816  
SPCM SA(1)    3.38     03/15/30       20,000       16,569  

 

The accompanying notes are an integral part of these financial statements.

 

25

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Industrial Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
CHEMICALS – 9.9% (Continued)                        
TPC Group, Inc.(1)    13.00     12/16/27     $ 25,000     $ 25,150  
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc.(1)    5.13     04/01/29       30,000       18,629  
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc.(1)    5.38     09/01/25       33,000       27,694  
Tronox, Inc.(1)    4.63     03/15/29       82,000       68,150  
Valvoline, Inc.(1)    3.63     06/15/31       37,000       30,799  
Valvoline, Inc.(1)    4.25     02/15/30       45,000       44,158  
Venator Finance Sarl/Venator Materials LLC(1)    5.75     07/15/25       20,000       2,758  
Vibrantz Technologies, Inc.(1)    9.00     02/15/30       55,000       42,107  
WR Grace Holdings LLC(1)    4.88     06/15/27       56,000       53,253  
WR Grace Holdings LLC(1)    5.63     08/15/29       78,000       67,354  
WR Grace Holdings LLC(1)    7.38     03/01/31       30,000       30,098  
                          2,024,918  
COAL – 0.4%                            
Alliance Resource Operating Partners LP/Alliance Resource Finance Corp.(1)    7.50     05/01/25       30,000       29,846  
Conuma Resources Ltd.(1)    13.13     05/01/28       15,000       14,625  
SunCoke Energy, Inc.(1)    4.88     06/30/29       34,000       29,634  
Warrior Met Coal, Inc.(1)    7.88     12/01/28       17,000       17,203  
                          91,308  
COMMERCIAL SERVICES – 13.9%                            
ADT Security Corp.(1)    4.13     08/01/29       71,000       61,761  
ADT Security Corp.(1)    4.88     07/15/32       50,000       43,323  
Adtalem Global Education, Inc.(1)    5.50     03/01/28       30,000       28,531  
Albion Financing 1 Sarl/Aggreko Holdings, Inc.(1)    6.13     10/15/26       43,000       39,244  
Albion Financing 2Sarl(1)    8.75     04/15/27       30,000       26,217  
Allied Universal Holdco LLC/Allied Universal Finance Corp.(1)    6.00     06/01/29       70,000       54,944  
Allied Universal Holdco LLC/Allied Universal Finance Corp.(1)    6.63     07/15/26       140,000       135,142  
Allied Universal Holdco LLC/Allied Universal Finance Corp.(1)    9.75     07/15/27       75,000       69,865  
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl(1)    4.63     06/01/28       84,000       73,060  
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl(1)    4.63     06/01/28       55,000       47,933  
Alta Equipment Group, Inc.(1)    5.63     04/15/26       20,000       18,462  
APi Group DE, Inc.(1)    4.13     07/15/29       25,000       21,655  
APi Group DE, Inc.(1)    4.75     10/15/29       19,000       17,231  
Aptim Corp.(1)    7.75     06/15/25       35,000       27,821  
APX Group, Inc.(1)    5.75     07/15/29       55,000       49,196  
APX Group, Inc.(1)    6.75     02/15/27       45,000       45,030  
ASGN, Inc.(1)    4.63     05/15/28       44,000       40,724  
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.(1)    4.75     04/01/28       35,000       31,453  
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.(1)    5.38     03/01/29       47,000       42,680  
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.(1)    5.75     07/15/27       20,000       18,762  
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.(1)    5.75     07/15/27       30,000       28,465  
Brink’s Co.(1)    4.63     10/15/27       46,000       43,549  
Brink’s Co.(1)    5.50     07/15/25       30,000       29,740  
CoreLogic, Inc.(1)    4.50     05/01/28       55,000       45,019  
Garda World Security Corp.(1)    4.63     02/15/27       45,000       41,398  
Garda World Security Corp.(1)    6.00     06/01/29       35,000       28,819  
Garda World Security Corp.(1)    7.75     02/15/28       30,000       30,182  
Garda World Security Corp.(1)    9.50     11/01/27       43,000       41,263  

 

The accompanying notes are an integral part of these financial statements.

 

26

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Industrial Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
COMMERCIAL SERVICES – 13.9% (Continued)                            
Gartner, Inc.(1)    3.63     06/15/29     $ 45,000     $ 39,892  
Gartner, Inc.(1)    3.75     10/01/30       58,000       50,713  
Gartner, Inc.(1)    4.50     07/01/28       57,000       53,665  
Graham Holdings Co.(1)    5.75     06/01/26       30,000       29,670  
Grand Canyon University   4.13     10/01/24       35,000       33,352  
Grand Canyon University   5.13     10/01/28       30,000       27,142  
Herc Holdings, Inc.(1)    5.50     07/15/27       88,000       84,183  
Hertz Corp.(1)    4.63     12/01/26       45,000       40,576  
Hertz Corp.(1)    5.00     12/01/29       65,000       53,236  
Korn Ferry(1)    4.63     12/15/27       30,000       28,534  
Matthews International Corp.(1)    5.25     12/01/25       20,000       19,188  
Neptune Bidco US, Inc.(1)    9.29     04/15/29       188,000       177,129  
NESCO Holdings II, Inc.(1)    5.50     04/15/29       71,000       64,219  
PECF USS Intermediate Holding III Corp.(1)    8.00     11/15/29       35,000       22,877  
Prime Security Services Borrower LLC/Prime Finance, Inc.(1)    3.38     08/31/27       65,000       58,176  
Prime Security Services Borrower LLC/Prime Finance, Inc.(1)    5.75     04/15/26       98,000       97,387  
Prime Security Services Borrower LLC/Prime Finance, Inc.(1)    6.25     01/15/28       95,000       89,072  
Signal Parent, Inc.(1)    6.13     04/01/29       20,000       8,357  
Sotheby’s(1)    7.38     10/15/27       53,000       49,766  
Sotheby’s/Bidfair Holdings, Inc.(1)    5.88     06/01/29       20,000       16,482  
TriNet Group, Inc.(1)    3.50     03/01/29       38,000       33,268  
United Rentals North America, Inc.   3.75     01/15/32       54,000       46,354  
United Rentals North America, Inc.   3.88     11/15/27       55,000       51,658  
United Rentals North America, Inc.   3.88     02/15/31       77,000       67,843  
United Rentals North America, Inc.   4.00     07/15/30       53,000       47,496  
United Rentals North America, Inc.   4.88     01/15/28       115,000       110,687  
United Rentals North America, Inc.   5.25     01/15/30       55,000       53,274  
United Rentals North America, Inc.   5.50     05/15/27       36,000       35,825  
WASH Multifamily Acquisition, Inc.(1)    5.75     04/15/26       60,000       56,313  
Williams Scotsman International, Inc.(1)    4.63     08/15/28       35,000       32,173  
Williams Scotsman International, Inc.(1)    6.13     06/15/25       35,000       34,872  
WW International, Inc.(1)    4.50     04/15/29       35,000       22,369  
ZipRecruiter, Inc.(1)    5.00     01/15/30       45,000       39,347  
                          2,856,564  
COMPUTERS – 0.6%                            
Conduent Business Services LLC/Conduent State & Local Solutions, Inc.(1)    6.00     11/01/29       34,000       27,977  
Crane Nxt Co.   4.20     03/15/48       25,000       17,786  
Exela Intermediate LLC/Exela Finance, Inc.(1)    11.50     07/15/26       88,000       10,636  
KBR, Inc.(1)    4.75     09/30/28       10,000       9,258  
Science Applications International Corp.(1)    4.88     04/01/28       30,000       28,345  
Tempo Acquisition LLC/Tempo Acquisition Finance Corp.(1)    5.75     06/01/25       20,000       20,134  
                          114,136  
DISTRIBUTION/WHOLESALE – 1.7%                            
American Builders & Contractors Supply Co., Inc.(1)    3.88     11/15/29       30,000       25,885  
American Builders & Contractors Supply Co., Inc.(1)    4.00     01/15/28       48,000       44,032  
BCPE Empire Holdings, Inc.(1)    7.63     05/01/27       50,000       45,926  
H&E Equipment Services, Inc.(1)    3.88     12/15/28       88,000       76,352  

 

The accompanying notes are an integral part of these financial statements.

 

27

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Industrial Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
DISTRIBUTION/WHOLESALE – 1.7% (Continued)                            
Resideo Funding, Inc.(1)    4.00     09/01/29     $ 17,000     $ 14,417  
Ritchie Bros Holdings, Inc.(1)    6.75     03/15/28       45,000       46,631  
Ritchie Bros Holdings, Inc.(1)    7.75     03/15/31       55,000       58,506  
Univar Solutions USA, Inc./Washington(1)    5.13     12/01/27       35,000       35,096  
Wesco Aircraft Holdings, Inc.(1)    9.00     11/15/26       8,000       780  
                          347,625  
DIVERSIFIED FINANCIAL SERVICES – 0.5%                            
VistaJet Malta Finance PLC/XO Management Holding, Inc.(1)    6.38     02/01/30       65,000       56,305  
VistaJet Malta Finance PLC/XO Management Holding, Inc.(1)    7.88     05/01/27       45,000       42,797  
                          99,102  
ELECTRIC – 0.2%                            
Pike Corp.(1)    5.50     09/01/28       55,000       49,956  
                             
ELECTRICAL COMPONENTS & EQUIPMENT – 1.1%                            
EnerSys(1)    4.38     12/15/27       20,000       18,762  
WESCO Distribution, Inc.(1)    7.13     06/15/25       108,000       109,992  
WESCO Distribution, Inc.(1)    7.25     06/15/28       95,000       97,644  
                          226,398  
ELECTRONICS – 0.1%                            
Atkore, Inc.(1)    4.25     06/01/31       33,000       29,086  
                             
ENERGY-ALTERNATE SOURCES – 0.2%                            
Enviva Partners LP/Enviva Partners Finance Corp.(1)    6.50     01/15/26       55,000       46,969  
                             
ENGINEERING & CONSTRUCTION – 2.8%                            
AECOM   5.13     03/15/27       72,000       70,634  
Arcosa, Inc.(1)    4.38     04/15/29       30,000       27,365  
Artera Services LLC(1)    9.03     12/04/25       72,000       61,938  
Brand Industrial Services, Inc.(1)    8.50     07/15/25       72,000       67,459  
Brundage-Bone Concrete Pumping Holdings, Inc.(1)    6.00     02/01/26       25,000       23,526  
Dycom Industries, Inc.(1)    4.50     04/15/29       35,000       31,986  
Fluor Corp.   3.50     12/15/24       30,000       28,955  
Fluor Corp.   4.25     09/15/28       45,000       41,723  
Global Infrastructure Solutions, Inc.(1)    5.63     06/01/29       30,000       25,035  
Global Infrastructure Solutions, Inc.(1)    7.50     04/15/32       19,000       16,348  
Great Lakes Dredge & Dock Corp.(1)    5.25     06/01/29       20,000       15,751  
Promontoria Holding 264 BV(1)    7.88     03/01/27       30,000       30,362  
Railworks Holdings LP/Railworks Rally, Inc.(1)    8.25     11/15/28       22,000       20,911  
TopBuild Corp.(1)    3.63     03/15/29       30,000       25,924  
TopBuild Corp.(1)    4.13     02/15/32       35,000       30,127  
Tutor Perini Corp.(1)    6.88     05/01/25       35,000       25,393  
Weekley Homes LLC/Weekley Finance Corp.(1)    4.88     09/15/28       30,000       26,081  
                          569,518  

 

The accompanying notes are an integral part of these financial statements.

 

28

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Industrial Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
ENVIRONMENTAL CONTROL – 3.4%                            
Clean Harbors, Inc.(1)    4.88     07/15/27     $ 35,000     $ 33,930  
Clean Harbors, Inc.(1)    5.13     07/15/29       20,000       19,245  
Clean Harbors, Inc.(1)    6.38     02/01/31       45,000       45,962  
Covanta Holding Corp.(1)    4.88     12/01/29       55,000       49,000  
Covanta Holding Corp.   5.00     09/01/30       23,000       20,391  
GFL Environmental, Inc.(1)    3.50     09/01/28       55,000       50,053  
GFL Environmental, Inc.(1)    3.75     08/01/25       51,000       49,366  
GFL Environmental, Inc.(1)    4.00     08/01/28       50,000       45,686  
GFL Environmental, Inc.(1)    4.25     06/01/25       35,000       34,096  
GFL Environmental, Inc.(1)    4.38     08/15/29       45,000       40,772  
GFL Environmental, Inc.(1)    4.75     06/15/29       53,000       49,380  
GFL Environmental, Inc.(1)    5.13     12/15/26       35,000       34,484  
Harsco Corp.(1)    5.75     07/31/27       30,000       25,370  
Madison IAQ LLC(1)    4.13     06/30/28       50,000       44,036  
Madison IAQ LLC(1)    5.88     06/30/29       71,000       55,643  
Stericycle, Inc.(1)    3.88     01/15/29       35,000       31,528  
Stericycle, Inc.(1)    5.38     07/15/24       45,000       44,793  
Waste Pro USA, Inc.(1)    5.50     02/15/26       35,000       32,577  
                          706,312  
FOOD SERVICE – 1.4%                            
Aramark Services, Inc.(1)    5.00     04/01/25       45,000       44,600  
Aramark Services, Inc.(1)    5.00     02/01/28       81,000       77,250  
Aramark Services, Inc.(1)    6.38     05/01/25       105,000       105,136  
TKC Holdings, Inc.(1)    6.88     05/15/28       30,000       26,691  
TKC Holdings, Inc.(1)    10.50     05/15/29       47,000       31,885  
                          285,562  
FOREST PRODUCTS & PAPER – 0.8%                            
Ahlstrom Holding 3 Oy(1)    4.88     02/04/28       20,000       17,035  
Domtar Corp.(1)    6.75     10/01/28       50,000       43,360  
Glatfelter Corp.(1)    4.75     11/15/29       33,000       23,524  
Mercer International, Inc.   5.13     02/01/29       62,000       51,843  
Mercer International, Inc.   5.50     01/15/26       20,000       19,226  
                          154,988  
HAND/MACHINE TOOLS – 0.0%                            
Werner FinCo LP/Werner FinCo, Inc.(1)    8.75     07/15/25       10,000       8,035  
                             
HOLDING COMPANIES-DIVERS – 0.1%                            
Stena International SA(1)    6.13     02/01/25       20,000       19,419  
                             
HOME BUILDERS – 4.4%                            
Ashton Woods USA LLC/Ashton Woods Finance Co.(1)    4.63     08/01/29       26,000       21,737  
Ashton Woods USA LLC/Ashton Woods Finance Co.(1)    4.63     04/01/30       35,000       29,036  
Ashton Woods USA LLC/Ashton Woods Finance Co.(1)    6.63     01/15/28       10,000       9,488  
Beazer Homes USA, Inc.   5.88     10/15/27       35,000       32,422  
Beazer Homes USA, Inc.   7.25     10/15/29       19,000       18,143  
Brookfield Residential Properties, Inc./Brookfield Residential US LLC(1)    4.88     02/15/30       35,000       27,400  
Brookfield Residential Properties, Inc./Brookfield Residential US LLC(1)    5.00     06/15/29       20,000       15,783  

 

The accompanying notes are an integral part of these financial statements.

 

29

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Industrial Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
HOME BUILDERS – 4.4% (Continued)                            
Brookfield Residential Properties, Inc./Brookfield Residential US LLC(1)    6.25     09/15/27     $ 45,000     $ 41,294  
Century Communities, Inc.(1)    3.88     08/15/29       35,000       30,657  
Century Communities, Inc.   6.75     06/01/27       35,000       35,198  
Empire Communities Corp.(1)    7.00     12/15/25       35,000       32,064  
Installed Building Products, Inc.(1)    5.75     02/01/28       17,000       16,070  
K Hovnanian Enterprises, Inc.(1)    7.75     02/15/26       10,000       9,873  
K Hovnanian Enterprises, Inc.(1)    10.50     02/15/26       25,000       25,557  
KB Home   4.00     06/15/31       23,000       19,926  
KB Home   4.80     11/15/29       30,000       28,024  
KB Home   6.88     06/15/27       19,000       19,528  
KB Home   7.25     07/15/30       22,000       22,640  
LGI Homes, Inc.(1)    4.00     07/15/29       17,000       13,904  
M/I Homes, Inc.   3.95     02/15/30       20,000       17,725  
M/I Homes, Inc.   4.95     02/01/28       30,000       28,142  
Mattamy Group Corp.(1)    4.63     03/01/30       47,000       41,258  
Mattamy Group Corp.(1)    5.25     12/15/27       35,000       32,614  
Meritage Homes Corp.(1)    3.88     04/15/29       35,000       31,557  
Meritage Homes Corp.   5.13     06/06/27       20,000       19,631  
Meritage Homes Corp.   6.00     06/01/25       30,000       30,193  
New Home Co., Inc.(1)    7.25     10/15/25       20,000       18,674  
Shea Homes LP/Shea Homes Funding Corp.   4.75     02/15/28       35,000       31,893  
Shea Homes LP/Shea Homes Funding Corp.   4.75     04/01/29       20,000       17,842  
Taylor Morrison Communities, Inc.(1)    5.13     08/01/30       33,000       30,977  
Taylor Morrison Communities, Inc.(1)    5.75     01/15/28       33,000       32,746  
Taylor Morrison Communities, Inc.(1)    5.88     06/15/27       35,000       34,950  
TRI Pointe Group, Inc./TRI Pointe Homes, Inc.   5.88     06/15/24       35,000       34,970  
Tri Pointe Homes, Inc.   5.25     06/01/27       20,000       19,246  
Tri Pointe Homes, Inc.   5.70     06/15/28       20,000       19,657  
                          890,819  
INTERNET – 1.4%                            
Uber Technologies, Inc.(1)    4.50     08/15/29       105,000       96,753  
Uber Technologies, Inc.(1)    6.25     01/15/28       35,000       35,353  
Uber Technologies, Inc.(1)    7.50     05/15/25       70,000       71,117  
Uber Technologies, Inc.(1)    7.50     09/15/27       87,000       89,860  
                          293,083  
IRON/STEEL – 3.4%                            
ATI, Inc.   4.88     10/01/29       22,000       20,303  
ATI, Inc.   5.13     10/01/31       20,000       18,018  
ATI, Inc.   5.88     12/01/27       30,000       29,331  
Baffinland Iron Mines Corp./Baffinland Iron Mines LP(1)    8.75     07/15/26       45,000       43,494  
Big River Steel LLC/BRS Finance Corp.(1)    6.63     01/31/29       55,000       54,602  
Carpenter Technology Corp.   6.38     07/15/28       35,000       34,736  
Carpenter Technology Corp.   7.63     03/15/30       20,000       20,478  
Cleveland-Cliffs, Inc.(1)    4.63     03/01/29       20,000       18,141  
Cleveland-Cliffs, Inc.(1)    4.88     03/01/31       30,000       26,388  
Cleveland-Cliffs, Inc.   5.88     06/01/27       45,000       44,234  
Cleveland-Cliffs, Inc.(1)    6.75     03/15/26       58,000       59,062  
Cleveland-Cliffs, Inc.(1)    6.75     04/15/30       50,000       48,662  

 

The accompanying notes are an integral part of these financial statements.

 

30

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Industrial Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
IRON/STEEL – 3.4% (Continued)                            
Commercial Metals Co.   3.88     02/15/31     $ 30,000     $ 26,325  
Commercial Metals Co.   4.13     01/15/30       19,000       17,028  
Commercial Metals Co.   4.38     03/15/32       17,000       14,726  
Infrabuild Australia Pty Ltd.(1)    12.00     10/01/24       20,000       19,135  
Mineral Resources Ltd.(1)    8.00     11/01/27       45,000       45,869  
Mineral Resources Ltd.(1)    8.13     05/01/27       50,000       50,487  
Mineral Resources Ltd.(1)    8.50     05/01/30       42,000       42,780  
TMS International Corp./DE(1)    6.25     04/15/29       22,000       17,078  
United States Steel Corp.   6.65     06/01/37       20,000       18,934  
United States Steel Corp.   6.88     03/01/29       31,000       30,493  
                          700,304  
MACHINERY-CONSTRUCTION & MINING – 0.5%                            
BWX Technologies, Inc.(1)    4.13     06/30/28       35,000       32,205  
BWX Technologies, Inc.(1)    4.13     04/15/29       20,000       18,122  
Manitowoc Co., Inc.(1)    9.00     04/01/26       20,000       19,876  
Terex Corp.(1)    5.00     05/15/29       45,000       41,908  
                          112,111  
MACHINERY-DIVERSIFIED – 2.2%                            
ATS Corp.(1)    4.13     12/15/28       20,000       17,931  
Chart Industries, Inc.(1)    7.50     01/01/30       103,000       106,219  
Chart Industries, Inc.(1)    9.50     01/01/31       35,000       37,097  
GrafTech Finance, Inc.(1)    4.63     12/15/28       35,000       29,453  
Maxim Crane Works Holdings Capital LLC(1)    10.13     08/01/24       20,000       19,911  
Mueller Water Products, Inc.(1)    4.00     06/15/29       33,000       29,841  
OT Merger Corp.(1)    7.88     10/15/29       17,000       10,066  
SPX FLOW, Inc.(1)    8.75     04/01/30       38,000       31,864  
Titan Acquisition Ltd./Titan Co.-Borrower LLC(1)    7.75     04/15/26       50,000       44,566  
TK Elevator Holdco GmbH(1)    7.63     07/15/28       30,000       26,867  
TK Elevator US Newco, Inc.(1)    5.25     07/15/27       110,000       102,961  
                          456,776  
MEDIA – 0.2%                            
Cengage Learning, Inc.(1)    9.50     06/15/24       35,000       35,046  
                             
METAL FABRICATE/HARDWARE – 0.6%                            
Advanced Drainage Systems, Inc.(1)    5.00     09/30/27       20,000       19,154  
Advanced Drainage Systems, Inc.(1)    6.38     06/15/30       45,000       44,563  
Interpipe Holdings PLC(1)    8.38     05/13/26       20,000       10,151  
Park-Ohio Industries, Inc.   6.63     04/15/27       20,000       15,984  
Roller Bearing Co. of America, Inc.(1)    4.38     10/15/29       35,000       31,791  
                          121,643  
MINING – 5.5%                            
Arconic Corp.(1)    6.00     05/15/25       50,000       49,836  
Arconic Corp.(1)    6.13     02/15/28       61,000       60,259  
Century Aluminum Co.(1)    7.50     04/01/28       20,000       18,906  
Coeur Mining, Inc.(1)    5.13     02/15/29       23,000       18,989  
Compass Minerals International, Inc.(1)    4.88     07/15/24       10,000       9,906  

 

The accompanying notes are an integral part of these financial statements.

 

31

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Industrial Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
MINING – 5.5% (Continued)                            
Compass Minerals International, Inc.(1)    6.75     12/01/27     $ 44,000     $ 42,240  
Constellium SE(1)    3.75     04/15/29       36,000       31,018  
Constellium SE(1)    5.63     06/15/28       20,000       19,228  
Constellium SE(1)    5.88     02/15/26       20,000       19,926  
Eldorado Gold Corp.(1)    6.25     09/01/29       38,000       35,375  
FMG Resources August 2006 Pty Ltd.(1)    4.38     04/01/31       105,000       91,332  
FMG Resources August 2006 Pty Ltd.(1)    4.50     09/15/27       45,000       42,816  
FMG Resources August 2006 Pty Ltd.(1)    5.13     05/15/24       55,000       54,731  
FMG Resources August 2006 Pty Ltd.(1)    5.88     04/15/30       50,000       48,537  
FMG Resources August 2006 Pty Ltd.(1)    6.13     04/15/32       55,000       53,299  
Hecla Mining Co.   7.25     02/15/28       38,000       38,050  
Hudbay Minerals, Inc.(1)    4.50     04/01/26       42,000       39,151  
Hudbay Minerals, Inc.(1)    6.13     04/01/29       45,000       42,130  
IAMGOLD Corp.(1)    5.75     10/15/28       33,000       26,100  
JW Aluminum Continuous Cast Co.(1)    10.25     06/01/26       17,000       17,059  
Kaiser Aluminum Corp.(1)    4.50     06/01/31       41,000       32,543  
Kaiser Aluminum Corp.(1)    4.63     03/01/28       35,000       30,941  
New Gold, Inc.(1)    7.50     07/15/27       33,000       31,841  
Nickel Industries Ltd.(1)    6.50     04/01/24       15,000       14,663  
Novelis Corp.(1)    3.25     11/15/26       55,000       50,411  
Novelis Corp.(1)    3.88     08/15/31       52,000       43,620  
Novelis Corp.(1)    4.75     01/30/30       113,000       102,422  
Perenti Finance Pty Ltd.(1)    6.50     10/07/25       35,000       34,081  
Taseko Mines Ltd.(1)    7.00     02/15/26       33,000       30,475  
                          1,129,885  
MISCELLANEOUS MANUFACTURER – 1.6%                            
Amsted Industries, Inc.(1)    4.63     05/15/30       30,000       27,323  
Amsted Industries, Inc.(1)    5.63     07/01/27       32,000       31,415  
EnPro Industries, Inc.   5.75     10/15/26       30,000       29,443  
FXI Holdings, Inc.(1)    7.88     11/01/24       35,000       31,837  
FXI Holdings, Inc.(1)    12.25     11/15/26       53,000       47,424  
Hillenbrand, Inc.   3.75     03/01/31       20,000       17,118  
Hillenbrand, Inc.   5.00     09/15/26       30,000       29,220  
Hillenbrand, Inc.   5.75     06/15/25       30,000       29,959  
LSB Industries, Inc.(1)    6.25     10/15/28       50,000       44,052  
Trinity Industries, Inc.   4.55     10/01/24       30,000       29,285  
                          317,076  
OFFICE FURNISHINGS – 0.2%                            
Interface, Inc.(1)    5.50     12/01/28       17,000       13,645  
Steelcase, Inc.   5.13     01/18/29       33,000       29,416  
                          43,061  
OFFICE/BUSINESS EQUIPMENT – 0.2%                            
Pitney Bowes, Inc.(1)    6.88     03/15/27       35,000       26,969  
Pitney Bowes, Inc.(1)    7.25     03/15/29       20,000       14,721  
                          41,690  

 

The accompanying notes are an integral part of these financial statements.

 

32

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Industrial Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
PACKAGING & CONTAINERS – 10.7%                            
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(1)    3.25     09/01/28     $ 45,000     $ 39,454  
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(1)    4.00     09/01/29       65,000       53,018  
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(1)    6.00     06/15/27       45,000       44,820  
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1)    4.13     08/15/26       85,000       80,204  
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1)    5.25     04/30/25       53,000       52,203  
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1)    5.25     08/15/27       56,000       47,956  
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1)    5.25     08/15/27       71,000       60,801  
Ball Corp.   2.88     08/15/30       90,000       75,481  
Ball Corp.   3.13     09/15/31       60,000       50,025  
Ball Corp.   4.88     03/15/26       55,000       54,548  
Ball Corp.   5.25     07/01/25       70,000       70,042  
Ball Corp.   6.88     03/15/28       55,000       57,251  
Berry Global, Inc.(1)    4.50     02/15/26       20,000       19,409  
Berry Global, Inc.(1)    5.63     07/15/27       35,000       34,524  
Cascades, Inc./Cascades USA, Inc.(1)    5.38     01/15/28       35,000       33,250  
Clearwater Paper Corp.(1)    4.75     08/15/28       20,000       17,955  
Clearwater Paper Corp.(1)    5.38     02/01/25       20,000       19,623  
Clydesdale Acquisition Holdings, Inc.(1)    6.63     04/15/29       35,000       34,387  
Clydesdale Acquisition Holdings, Inc.(1)    8.75     04/15/30       76,000       70,012  
Crown Americas LLC   5.25     04/01/30       34,000       33,111  
Crown Americas LLC/Crown Americas Capital Corp. V   4.25     09/30/26       45,000       43,146  
Crown Americas LLC/Crown Americas Capital Corp. VI   4.75     02/01/26       55,000       53,981  
Crown Cork & Seal Co., Inc.   7.38     12/15/26       20,000       21,050  
Graham Packaging Co., Inc.(1)    7.13     08/15/28       34,000       29,623  
Graphic Packaging International LLC(1)    3.50     03/15/28       45,000       40,839  
Graphic Packaging International LLC(1)    3.50     03/01/29       20,000       17,789  
Graphic Packaging International LLC(1)    3.75     02/01/30       30,000       26,850  
Graphic Packaging International LLC   4.13     08/15/24       20,000       19,746  
Graphic Packaging International LLC(1)    4.75     07/15/27       17,000       16,421  
Intelligent Packaging Ltd. FinCo., Inc./Intelligent Packaging Ltd. Co.-Issuer LLC(1)    6.00     09/15/28       50,000       41,686  
Mauser Packaging Solutions Holding Co.(1)    7.88     08/15/26       195,000       197,986  
Mauser Packaging Solutions Holding Co.(1)    9.25     04/15/27       100,000       95,017  
OI European Group BV(1)    4.75     02/15/30       35,000       32,174  
Owens-Brockway Glass Container, Inc.(1)    6.38     08/15/25       25,000       25,500  
Owens-Brockway Glass Container, Inc.(1)    6.63     05/13/27       50,000       50,244  
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.(1)    4.38     10/15/28       45,000       39,670  
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC(1)    4.00     10/15/27       65,000       58,582  
Sealed Air Corp.(1)    4.00     12/01/27       35,000       32,761  
Sealed Air Corp.(1)    5.00     04/15/29       30,000       28,786  
Sealed Air Corp.(1)    5.13     12/01/24       30,000       29,813  
Sealed Air Corp.(1)    5.50     09/15/25       23,000       23,050  
Sealed Air Corp.(1)    6.88     07/15/33       30,000       31,900  
Sealed Air Corp./Sealed Air Corp. US(1)    6.13     02/01/28       57,000       57,913  
Silgan Holdings, Inc.   4.13     02/01/28       45,000       42,123  
Trident TPI Holdings, Inc.(1)    6.63     11/01/25       20,000       20,012  
Trident TPI Holdings, Inc.(1)    9.25     08/01/24       25,000       25,595  
TriMas Corp.(1)    4.13     04/15/29       28,000       24,952  

 

The accompanying notes are an integral part of these financial statements.

 

33

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Industrial Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
PACKAGING & CONTAINERS – 10.7% (Continued)                            
Trivium Packaging Finance BV(1)    5.50     08/15/26     $ 72,000     $ 69,966  
Trivium Packaging Finance BV(1)    8.50     08/15/27       50,000       48,342  
                          2,193,591  
RETAIL – 3.0%                            
Beacon Roofing Supply, Inc.(1)    4.13     05/15/29       29,000       25,401  
Beacon Roofing Supply, Inc.(1)    4.50     11/15/26       20,000       18,970  
BlueLinx Holdings, Inc.(1)    6.00     11/15/29       17,000       14,210  
Foundation Building Materials, Inc.(1)    6.00     03/01/29       33,000       26,403  
GYP Holdings III Corp.(1)    4.63     05/01/29       20,000       17,674  
LBM Acquisition LLC(1)    6.25     01/15/29       55,000       43,866  
Park River Holdings, Inc.(1)    5.63     02/01/29       20,000       14,667  
Park River Holdings, Inc.(1)    6.75     08/01/29       20,000       14,637  
Patrick Industries, Inc.(1)    4.75     05/01/29       30,000       26,131  
Patrick Industries, Inc.(1)    7.50     10/15/27       20,000       19,681  
Specialty Building Products Holdings LLC/SBP Finance Corp.(1)    6.38     09/30/26       55,000       49,984  
SRS Distribution, Inc.(1)    4.63     07/01/28       48,000       42,325  
SRS Distribution, Inc.(1)    6.00     12/01/29       60,000       48,949  
SRS Distribution, Inc.(1)    6.13     07/01/29       30,000       24,781  
Staples, Inc.(1)    7.50     04/15/26       140,000       118,227  
Staples, Inc.(1)    10.75     04/15/27       70,000       47,470  
TPro Acquisition Corp.(1)    11.00     10/15/24       20,000       20,011  
White Capital Buyer LLC(1)    6.88     10/15/28       50,000       43,409  
                          616,796  
SOFTWARE – 1.0%                            
Camelot Finance SA(1)    4.50     11/01/26       50,000       47,417  
Clarivate Science Holdings Corp.(1)    3.88     07/01/28       68,000       61,269  
Clarivate Science Holdings Corp.(1)    4.88     07/01/29       65,000       58,616  
Dun & Bradstreet Corp.(1)    5.00     12/15/29       33,000       29,006  
                          196,308  
TELECOMMUNICATIONS – 0.2%                            
Maxar Technologies, Inc.(1)    7.75     06/15/27       35,000       37,137  
                             
TRANSPORTATION – 1.1%                            
Carriage Purchaser, Inc.(1)    7.88     10/15/29       17,000       12,507  
Danaos Corp.(1)    8.50     03/01/28       10,000       9,906  
First Student Bidco, Inc./First Transit Parent, Inc.(1)    4.00     07/31/29       50,000       43,389  
Rand Parent LLC(1)    8.50     02/15/30       60,000       54,424  
Watco Cos LLC/Watco Finance Corp.(1)    6.50     06/15/27       45,000       43,686  
Western Global Airlines LLC(1)    10.38     08/15/25       30,000       3,927  
XPO CNW, Inc.   6.70     05/01/34       20,000       18,351  
XPO Escrow Sub LLC(1)    7.50     11/15/27       30,000       30,779  
                          216,969  
TOTAL CORPORATE BONDS (Cost - $19,984,226)                         20,017,507  

 

The accompanying notes are an integral part of these financial statements.

 

34

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Industrial Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
SHORT-TERM INVESTMENTS – 0.9%                            
TIME DEPOSITS – 0.9%                            
BBVA, Madrid   4.18     05/01/23     $ 192,239     $ 192,239  
TOTAL SHORT-TERM INVESTMENTS (Cost - $192,239)                         192,239  
                             
TOTAL INVESTMENTS – 98.6% (Cost - $20,176,464)                       $ 20,209,746  
OTHER ASSETS LESS LIABILITIES – 1.4%                         280,921  
NET ASSETS – 100.0%                       $ 20,490,667  

 

(1)  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that Rule except to qualified institutional buyers. The aggregate value of Rule 144A holdings at 4/30/2023, amounts to $16,541,438 and represents 80.7% of net assets. These securities have been deemed liquid under procedures approved by the Trust’s Board of Trustees.

 

The accompanying notes are an integral part of these financial statements.

 

35

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

   

Rate (%)

   

Maturity

   

Face
Amount

   

Value

 
CORPORATE BONDS – 96.5%                            
ADVERTISING – 2.9%                            
Advantage Sales & Marketing, Inc.(1)    6.50     11/15/28     $ 30,000     $ 23,371  
Clear Channel Outdoor Holdings, Inc.(1)    5.13     08/15/27       50,000       45,232  
Clear Channel Outdoor Holdings, Inc.(1)    7.50     06/01/29       40,000       29,636  
Clear Channel Outdoor Holdings, Inc.(1)    7.75     04/15/28       60,000       45,595  
CMG Media Corp.(1)    8.88     12/15/27       42,000       32,614  
Lamar Media Corp.   3.63     01/15/31       22,000       18,976  
Lamar Media Corp.   3.75     02/15/28       22,000       20,258  
Lamar Media Corp.   4.00     02/15/30       40,000       35,923  
National CineMedia LLC(1),(2)    5.88     04/15/28       2,000       723  
Stagwell Global LLC(1)    5.63     08/15/29       47,000       40,904  
                          293,232  
AUTO PARTS & EQUIPMENT – 1.6%                            
Clarios Global LP(1)    6.75     05/15/25       50,000       50,141  
Clarios Global LP/Clarios US Finance Co.(1)    6.25     05/15/26       36,000       35,874  
Clarios Global LP/Clarios US Finance Co.(1)    6.75     05/15/28       40,000       40,201  
Clarios Global LP/Clarios US Finance Co.(1)    8.50     05/15/27       40,000       40,309  
                          166,525  
COMMERCIAL SERVICES – 0.4%                            
Cimpress PLC   7.00     06/15/26       27,000       22,643  
Deluxe Corp.(1)    8.00     06/01/29       20,000       15,468  
                          38,111  
COMPUTERS – 5.8%                            
Ahead DB Holdings LLC(1)    6.63     05/01/28       2,000       1,672  
Crowdstrike Holdings, Inc.   3.00     02/15/29       30,000       26,131  
McAfee Corp.(1)    7.38     02/15/30       83,000       68,978  
NCR Corp.(1)    5.13     04/15/29       47,000       40,707  
NCR Corp.(1)    5.25     10/01/30       30,000       25,253  
NCR Corp.(1)    5.75     09/01/27       40,000       39,307  
NCR Corp.(1)    6.13     09/01/29       20,000       19,631  
Presidio Holdings, Inc.(1)    4.88     02/01/27       45,000       42,675  
Presidio Holdings, Inc.(1)    8.25     02/01/28       2,000       1,885  
Seagate HDD Cayman   4.09     06/01/29       2,000       1,737  
Seagate HDD Cayman   4.13     01/15/31       42,000       34,901  
Seagate HDD Cayman   4.75     01/01/25       25,000       24,340  
Seagate HDD Cayman   4.88     06/01/27       20,000       19,173  
Seagate HDD Cayman   5.75     12/01/34       15,000       13,332  
Seagate HDD Cayman(1)    9.63     12/01/32       17,800       19,539  
Unisys Corp.(1)    6.88     11/01/27       20,000       13,339  
Vericast Corp.(1)    11.00     09/15/26       67,000       71,271  
Virtusa Corp.(1)    7.13     12/15/28       17,000       13,703  
Western Digital Corp.   3.10     02/01/32       40,000       29,067  
Western Digital Corp.   4.75     02/15/26       93,000       88,489  
                          595,130  

 

The accompanying notes are an integral part of these financial statements.

 

36

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

   

Rate (%)

   

Maturity

   

Face
Amount

   

Value

 
ELECTRONICS – 2.6%                            
Coherent Corp.(1)    5.00     12/15/29     $ 37,000     $ 33,349  
Imola Merger Corp.(1)    4.75     05/15/29       85,000       73,700  
Sensata Technologies BV(1)    4.00     04/15/29       40,000       36,195  
Sensata Technologies BV(1)    5.00     10/01/25       50,000       49,302  
Sensata Technologies BV(1)    5.88     09/01/30       20,000       19,660  
Sensata Technologies, Inc.(1)    3.75     02/15/31       30,000       26,095  
Sensata Technologies, Inc.(1)    4.38     02/15/30       15,000       13,686  
TTM Technologies, Inc.(1)    4.00     03/01/29       20,000       17,156  
                          269,143  
ENGINEERING & CONSTRUCTION – 0.9%                            
ATP Tower Holdings LLC/Andean Tower Partners Colombia SAS/Andean Telecom Par(1)    4.05     04/27/26       20,000       17,108  
Cellnex Finance Co. SA(1)    3.88     07/07/41       25,000       18,619  
HTA Group Ltd./Mauritius(1)    7.00     12/18/25       37,000       34,938  
VM Consolidated, Inc.(1)    5.50     04/15/29       20,000       18,721  
                          89,386  
ENTERTAINMENT – 1.2%                            
Allen Media LLC/Allen Media Co.-Issuer, Inc.(1)    10.50     02/15/28       20,000       10,734  
Banijay Entertainment SASU(1)    5.38     03/01/25       20,000       19,525  
Lions Gate Capital Holdings LLC(1)    5.50     04/15/29       37,000       26,993  
WMG Acquisition Corp.(1)    3.00     02/15/31       50,000       40,977  
WMG Acquisition Corp.(1)    3.75     12/01/29       24,000       21,142  
                          119,371  
INTERNET – 5.3%                            
ANGI Group LLC(1)    3.88     08/15/28       20,000       15,675  
Arches Buyer, Inc.(1)    4.25     06/01/28       60,000       51,704  
Cablevision Lightpath LLC(1)    3.88     09/15/27       30,000       25,068  
Cars.com, Inc.(1)    6.38     11/01/28       20,000       18,864  
Cogent Communications Group, Inc.(1)    3.50     05/01/26       22,000       20,474  
Cogent Communications Group, Inc.(1)    7.00     06/15/27       20,000       19,819  
Gen Digital, Inc.(1)    5.00     04/15/25       57,000       56,438  
Gen Digital, Inc.(1)    6.75     09/30/27       35,000       35,316  
Gen Digital, Inc.(1)    7.13     09/30/30       25,000       25,137  
Go Daddy Operating Co. LLC/GD Finance Co., Inc.(1)    3.50     03/01/29       25,000       21,688  
Go Daddy Operating Co. LLC/GD Finance Co., Inc.(1)    5.25     12/01/27       35,000       33,666  
ION Trading Technologies Sarl(1)    5.75     05/15/28       20,000       16,756  
Match Group Holdings II LLC(1)    3.63     10/01/31       37,000       30,269  
Match Group Holdings II LLC(1)    4.63     06/01/28       33,000       30,485  
Match Group Holdings II LLC(1)    5.00     12/15/27       25,000       23,589  
Millennium Escrow Corp.(1)    6.63     08/01/26       30,000       20,321  
Newfold Digital Holdings Group, Inc.(1)    6.00     02/15/29       30,000       20,632  
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.(1)    4.75     04/30/27       25,000       21,710  
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.(1)    6.00     02/15/28       10,000       7,459  
TripAdvisor, Inc.(1)    7.00     07/15/25       25,000       25,185  
Ziff Davis, Inc.(1)    4.63     10/15/30       20,000       17,593  
                          537,848  

 

The accompanying notes are an integral part of these financial statements.

 

37

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

   

Rate (%)

   

Maturity

   

Face
Amount

   

Value

 
MACHINERY-CONSTRUCTION & MINING – 0.3%                            
Vertiv Group Corp.(1)    4.13     11/15/28     $ 35,000     $ 31,628  
                             
MEDIA – 38.5%                            
Altice Financing SA(1)    5.00     01/15/28       55,000       44,590  
Altice Financing SA(1)    5.75     08/15/29       77,000       61,489  
AMC Networks, Inc.   4.25     02/15/29       52,000       36,081  
AMC Networks, Inc.   4.75     08/01/25       32,000       29,725  
Audacy Capital Corp.(1)    6.75     03/31/29       22,000       1,670  
Cable One, Inc.(1)    4.00     11/15/30       30,000       24,423  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    4.25     02/01/31       120,000       98,414  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    4.25     01/15/34       83,000       63,317  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    4.50     08/15/30       112,000       94,170  
CCO Holdings LLC/CCO Holdings Capital Corp.   4.50     05/01/32       114,000       91,407  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    4.50     06/01/33       87,000       69,351  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    4.75     03/01/30       120,000       103,412  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    4.75     02/01/32       65,000       53,858  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    5.00     02/01/28       117,000       108,350  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    5.13     05/01/27       132,000       124,752  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    5.38     06/01/29       96,000       88,154  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    5.50     05/01/26       31,000       30,475  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    6.38     09/01/29       45,000       42,807  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    7.38     03/01/31       20,000       19,612  
CSC Holdings LLC(1)    3.38     02/15/31       40,000       27,524  
CSC Holdings LLC(1)    4.13     12/01/30       27,000       19,410  
CSC Holdings LLC(1)    4.50     11/15/31       75,000       52,616  
CSC Holdings LLC(1)    4.63     12/01/30       97,000       47,446  
CSC Holdings LLC(1)    5.00     11/15/31       25,000       12,021  
CSC Holdings LLC   5.25     06/01/24       22,000       21,479  
CSC Holdings LLC(1)    5.38     02/01/28       30,000       24,646  
CSC Holdings LLC(1)    5.50     04/15/27       70,000       59,947  
CSC Holdings LLC(1)    5.75     01/15/30       92,000       47,034  
CSC Holdings LLC(1)    6.50     02/01/29       70,000       58,525  
CSC Holdings LLC(1)    7.50     04/01/28       65,000       40,704  
CSC Holdings LLC(1)    11.25     05/15/28       45,000       44,891  
Cumulus Media New Holdings, Inc.(1)    6.75     07/01/26       20,000       14,676  
Directv Financing LLC/Directv Financing Co.-Obligor, Inc.(1)    5.88     08/15/27       150,000       131,800  
DISH DBS Corp.   5.13     06/01/29       60,000       27,730  
DISH DBS Corp.(1)    5.25     12/01/26       110,000       84,228  
DISH DBS Corp.(1)    5.75     12/01/28       100,000       71,278  
DISH DBS Corp.   5.88     11/15/24       80,000       66,290  
DISH DBS Corp.   7.38     07/01/28       42,000       21,086  
DISH DBS Corp.   7.75     07/01/26       82,000       47,468  
DISH Network Corp.(1)    11.75     11/15/27       165,000       156,049  
Gannett Holdings LLC(1)    6.00     11/01/26       17,000       14,394  
GCI LLC(1)    4.75     10/15/28       25,000       21,398  
Gray Escrow II, Inc.(1)    5.38     11/15/31       32,000       20,545  
Gray Television, Inc.(1)    4.75     10/15/30       57,000       36,880  

 

The accompanying notes are an integral part of these financial statements.

 

38

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

   

Rate (%)

   

Maturity

   

Face
Amount

   

Value

 
MEDIA – 38.5% (Continued)                            
Gray Television, Inc.(1)    5.88     07/15/26     $ 25,000     $ 21,277  
Gray Television, Inc.(1)    7.00     05/15/27       30,000       24,334  
iHeartCommunications, Inc.(1)    5.25     08/15/27       69,000       54,591  
iHeartCommunications, Inc.   6.38     05/01/26       20,000       17,190  
iHeartCommunications, Inc.   8.38     05/01/27       38,000       25,112  
LCPR Senior Secured Financing DAC(1)    5.13     07/15/29       20,000       17,153  
LCPR Senior Secured Financing DAC(1)    6.75     10/15/27       70,000       66,588  
Liberty Interactive LLC   8.25     02/01/30       20,000       6,052  
Liberty Interactive LLC   8.50     07/15/29       20,000       6,300  
McGraw-Hill Education, Inc.(1)    5.75     08/01/28       60,000       53,347  
News Corp.(1)    3.88     05/15/29       40,000       35,550  
News Corp.(1)    5.13     02/15/32       20,000       18,437  
Nexstar Media, Inc.(1)    4.75     11/01/28       55,000       48,395  
Nexstar Media, Inc.(1)    5.63     07/15/27       58,000       54,532  
Paramount Global   6.25     02/28/57       25,000       19,460  
Paramount Global   6.38     03/30/62       42,000       36,073  
Radiate Holdco LLC/Radiate Finance, Inc.(1)    4.50     09/15/26       27,000       21,041  
Radiate Holdco LLC/Radiate Finance, Inc.(1)    6.50     09/15/28       52,000       24,310  
Scripps Escrow II, Inc.(1)    5.38     01/15/31       20,000       13,918  
Scripps Escrow, Inc.(1)    5.88     07/15/27       40,000       28,738  
Sinclair Television Group, Inc.(1)    4.13     12/01/30       22,000       17,521  
Sinclair Television Group, Inc.(1)    5.13     02/15/27       15,000       12,896  
Sinclair Television Group, Inc.(1)    5.50     03/01/30       25,000       19,338  
Sirius XM Radio, Inc.(1)    3.13     09/01/26       48,000       43,009  
Sirius XM Radio, Inc.(1)    3.88     09/01/31       50,000       37,840  
Sirius XM Radio, Inc.(1)    4.00     07/15/28       85,000       71,854  
Sirius XM Radio, Inc.(1)    4.13     07/01/30       70,000       56,225  
Sirius XM Radio, Inc.(1)    5.00     08/01/27       70,000       64,467  
Sirius XM Radio, Inc.(1)    5.50     07/01/29       52,000       46,378  
Spanish Broadcasting System, Inc.(1)    9.75     03/01/26       17,000       11,175  
TEGNA, Inc.(1)    4.75     03/15/26       7,000       6,692  
TEGNA, Inc.   5.00     09/15/29       10,000       8,765  
Townsquare Media, Inc.(1)    6.88     02/01/26       20,000       18,668  
Univision Communications, Inc.(1)    4.50     05/01/29       52,000       44,864  
Univision Communications, Inc.(1)    5.13     02/15/25       47,000       46,340  
Univision Communications, Inc.(1)    6.63     06/01/27       75,000       72,313  
Univision Communications, Inc.(1)    7.38     06/30/30       25,000       24,014  
UPC Broadband FinCo. BV(1)    4.88     07/15/31       66,000       57,022  
Urban One, Inc.(1)    7.38     02/01/28       30,000       27,277  
Videotron Ltd.(1)    3.63     06/15/29       20,000       17,315  
Videotron Ltd.(1)    5.13     04/15/27       30,000       28,995  
Videotron Ltd.(1)    5.38     06/15/24       22,000       21,989  
Virgin Media Finance PLC(1)    5.00     07/15/30       37,000       31,213  
Virgin Media Secured Finance PLC(1)    5.50     05/15/29       75,000       68,933  
VZ Secured Financing BV(1)    5.00     01/15/32       52,000       43,452  
Ziggo Bond Co. BV(1)    5.13     02/28/30       70,000       56,945  
Ziggo Bond Co. BV(1)    6.00     01/15/27       20,000       18,999  
Ziggo BV(1)    4.88     01/15/30       7,000       6,036  
                          3,929,055  

 

The accompanying notes are an integral part of these financial statements.

 

39

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

   

Rate (%)

   

Maturity

   

Face
Amount

   

Value

 
OFFICE/BUSINESS EQUIPMENT – 0.8%                            
Xerox Corp.   3.80     05/15/24     $ 15,000     $ 14,692  
Xerox Corp.   4.80     03/01/35       27,000       17,842  
Xerox Holdings Corp.(1)    5.00     08/15/25       20,000       19,081  
Xerox Holdings Corp.(1)    5.50     08/15/28       40,000       34,527  
                          86,142  
PACKAGING & CONTAINERS – 0.9%                            
LABL, Inc.(1)    5.88     11/01/28       55,000       50,841  
LABL, Inc.(1)    6.75     07/15/26       25,000       24,802  
LABL, Inc.(1)    10.50     07/15/27       20,000       19,029  
                          94,672  
SEMICONDUCTORS – 2.0%                            
Amkor Technology, Inc.(1)    6.63     09/15/27       25,000       25,063  
ams-OSRAM AG(1)    7.00     07/31/25       20,000       18,703  
Entegris Escrow Corp.(1)    4.75     04/15/29       80,000       74,497  
Entegris Escrow Corp.(1)    5.95     06/15/30       42,000       39,966  
Entegris, Inc.(1)    3.63     05/01/29       10,000       8,575  
ON Semiconductor Corp.(1)    3.88     09/01/28       30,000       27,037  
Synaptics, Inc.(1)    4.00     06/15/29       20,000       16,922  
                          210,763  
SOFTWARE – 9.0%                            
Alteryx, Inc.(1)    8.75     03/15/28       20,000       19,468  
Boxer Parent Co., Inc.(1)    7.13     10/02/25       22,000       21,961  
Boxer Parent Co., Inc.(1)    9.13     03/01/26       20,000       19,587  
Castle US Holding Corp.(1)    9.50     02/15/28       20,000       12,776  
Central Parent, Inc./CDK Global, Inc.(1)    7.25     06/15/29       30,000       29,735  
Cloud Software Group, Inc.(1)    6.50     03/31/29       163,000       146,983  
Cloud Software Group, Inc.(1)    9.00     09/30/29       160,000       137,634  
Elastic NV(1)    4.13     07/15/29       25,000       21,653  
Fair Isaac Corp.(1)    4.00     06/15/28       29,000       27,058  
Fair Isaac Corp.(1)    5.25     05/15/26       25,000       24,626  
Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl(1)    4.63     05/01/28       20,000       16,837  
MicroStrategy, Inc.(1)    6.13     06/15/28       20,000       18,097  
Open Text Corp.(1)    3.88     02/15/28       40,000       35,514  
Open Text Corp.(1)    3.88     12/01/29       32,000       26,934  
Open Text Holdings, Inc.(1)    4.13     02/15/30       35,000       29,940  
Open Text Holdings, Inc.(1)    4.13     12/01/31       25,000       20,720  
PTC, Inc.(1)    3.63     02/15/25       17,000       16,420  
PTC, Inc.(1)    4.00     02/15/28       25,000       23,282  
Rackspace Technology Global, Inc.(1)    3.50     02/15/28       20,000       8,321  
Rackspace Technology Global, Inc.(1)    5.38     12/01/28       38,000       9,056  
ROBLOX Corp.(1)    3.88     05/01/30       42,000       35,499  
Rocket Software, Inc.(1)    6.50     02/15/29       20,000       16,622  
SS&C Technologies, Inc.(1)    5.50     09/30/27       85,000       82,388  
Twilio, Inc.   3.63     03/15/29       23,000       19,664  
Twilio, Inc.   3.88     03/15/31       18,000       15,060  
Veritas US, Inc./Veritas Bermuda Ltd.(1)    7.50     09/01/25       72,000       54,706  
ZoomInfo Technologies LLC/ZoomInfo Finance Corp.(1)    3.88     02/01/29       30,000       25,896  
                          916,437  

 

The accompanying notes are an integral part of these financial statements.

 

40

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

   

Rate (%)

   

Maturity

   

Face
Amount

   

Value

 
TELECOMMUNICATIONS – 24.3%                            
Altice France Holding SA(1)    6.00     02/15/28     $ 35,000     $ 21,589  
Altice France Holding SA(1)    10.50     05/15/27       40,000       29,579  
Altice France SA/France(1)    5.13     07/15/29       137,000       101,414  
Altice France SA/France(1)    5.50     01/15/28       25,000       19,706  
Altice France SA/France(1)    5.50     10/15/29       93,000       69,702  
Altice France SA/France(1)    8.13     02/01/27       107,000       95,640  
British Telecommunications PLC(1)    4.88     11/23/81       37,000       29,473  
C&W Senior Financing DAC(1)    6.88     09/15/27       32,000       28,036  
Ciena Corp.(1)    4.00     01/31/30       20,000       17,593  
CommScope Technologies LLC(1)    5.00     03/15/27       27,000       18,688  
CommScope Technologies LLC(1)    6.00     06/15/25       40,000       37,652  
CommScope, Inc.(1)    4.75     09/01/29       40,000       32,338  
CommScope, Inc.(1)    6.00     03/01/26       75,000       71,741  
CommScope, Inc.(1)    7.13     07/01/28       40,000       28,745  
CommScope, Inc.(1)    8.25     03/01/27       42,000       32,514  
Connect FinCo. Sarl/Connect US FinCo. LLC(1)    6.75     10/01/26       85,000       81,122  
Consolidated Communications, Inc.(1)    5.00     10/01/28       25,000       18,352  
Consolidated Communications, Inc.(1)    6.50     10/01/28       22,000       17,215  
Embarq Corp.   8.00     06/01/36       95,000       40,955  
Frontier Communications Holdings LLC(1)    5.00     05/01/28       115,000       101,101  
Frontier Communications Holdings LLC(1)    5.88     10/15/27       55,000       50,677  
Frontier Communications Holdings LLC   5.88     11/01/29       40,000       30,464  
Frontier Communications Holdings LLC(1)    6.00     01/15/30       40,000       30,638  
Frontier Communications Holdings LLC(1)    6.75     05/01/29       15,000       12,088  
Frontier Communications Holdings LLC(1)    8.63     03/15/31       30,000       29,263  
Frontier Communications Holdings LLC(1)    8.75     05/15/30       37,000       36,635  
GoTo Group, Inc.(1)    5.50     09/01/27       32,000       18,048  
Hughes Satellite Systems Corp.   5.25     08/01/26       30,000       28,724  
Hughes Satellite Systems Corp.   6.63     08/01/26       30,000       28,380  
Iliad Holding SASU(1)    6.50     10/15/26       50,000       48,155  
Iliad Holding SASU(1)    7.00     10/15/28       35,000       33,150  
Intelsat Jackson Holdings SA(1)    6.50     03/15/30       120,000       111,037  
Level 3 Financing, Inc.(1)    3.40     03/01/27       5,000       3,917  
Level 3 Financing, Inc.(1)    3.63     01/15/29       15,000       8,403  
Level 3 Financing, Inc.(1)    3.75     07/15/29       52,000       29,311  
Level 3 Financing, Inc.(1)    3.88     11/15/29       10,000       7,312  
Level 3 Financing, Inc.(1)    4.25     07/01/28       82,000       47,896  
Level 3 Financing, Inc.(1)    4.63     09/15/27       73,000       45,164  
Level 3 Financing, Inc.(1)    10.50     05/15/30       47,000       45,042  
Lumen Technologies, Inc.(1)    4.00     02/15/27       73,000       48,830  
Lumen Technologies, Inc.(1)    4.50     01/15/29       7,000       2,985  
Lumen Technologies, Inc.(1)    5.13     12/15/26       10,000       6,607  
Lumen Technologies, Inc.   7.60     09/15/39       7,000       2,694  
Millicom International Cellular SA(1)    4.50     04/27/31       60,000       46,491  
Millicom International Cellular SA(1)    6.25     03/25/29       11,700       10,498  
Qwest Corp.   7.25     09/15/25       15,000       13,338  
Rogers Communications, Inc.(1)    5.25     03/15/82       40,000       36,182  
Sable International Finance Ltd.(1)    5.75     09/07/27       35,000       33,035  

 

The accompanying notes are an integral part of these financial statements.

 

41

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

   

Rate (%)

   

Maturity

   

Face
Amount

   

Value

 
TELECOMMUNICATIONS – 24.3% (Continued)                            
Telecom Italia Capital SA   6.00     09/30/34     $ 37,000     $ 31,594  
Telecom Italia Capital SA   6.38     11/15/33       40,000       35,818  
Telecom Italia Capital SA   7.20     07/18/36       50,000       45,251  
Telecom Italia Capital SA   7.72     06/04/38       35,000       32,763  
Telecom Italia SpA/Milano(1)    5.30     05/30/24       61,000       59,649  
Telesat Canada/Telesat LLC(1)    4.88     06/01/27       20,000       10,724  
Telesat Canada/Telesat LLC(1)    5.63     12/06/26       15,000       8,392  
Telesat Canada/Telesat LLC(1)    6.50     10/15/27       15,000       5,407  
United States Cellular Corp.   6.70     12/15/33       25,000       22,783  
Viasat, Inc.(1)    5.63     09/15/25       10,000       9,560  
Viasat, Inc.(1)    5.63     04/15/27       55,000       51,068  
Viavi Solutions, Inc.(1)    3.75     10/01/29       20,000       16,724  
Vmed O2 UK Financing I PLC(1)    4.25     01/31/31       97,000       80,514  
Vmed O2 UK Financing I PLC(1)    4.75     07/15/31       55,000       46,930  
Vodafone Group PLC   3.25     06/04/81       19,000       16,648  
Vodafone Group PLC   4.13     06/04/81       42,000       34,022  
Vodafone Group PLC   5.13     06/04/81       40,000       30,358  
Vodafone Group PLC   7.00     04/04/79       80,000       82,135  
Windstream Escrow LLC/Windstream Escrow Finance Corp.(1)    7.75     08/15/28       60,000       49,475  
Zayo Group Holdings, Inc.(1)    4.00     03/01/27       30,000       22,747  
Zayo Group Holdings, Inc.(1)    6.13     03/01/28       82,000       52,505  
                          2,483,186  
TOTAL CORPORATE BONDS (Cost - $10,143,689)                         9,860,629  
                             
SHORT-TERM INVESTMENTS – 1.4%                            
GOVERNMENT OBLIGATIONS – 1.0%                            
U.S. Treasury Bill   ZCP     05/18/23       100,000       99,795  
                             
TIME DEPOSITS – 0.4%                            
Sumitomo, Tokyo   4.18     05/01/23       43,438       43,438  
TOTAL SHORT-TERM INVESTMENTS (Cost - $143,232)                         143,233  
                             
TOTAL INVESTMENTS – 97.9% (Cost - $10,286,921)                       $ 10,003,862  
OTHER ASSETS LESS LIABILITIES – 2.1%                         210,755  
NET ASSETS – 100.0%                       $ 10,214,617  

 

ZCP Indicates a zero coupon rate.

 

(1)  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that Rule except to qualified institutional buyers. The aggregate value of Rule 144A holdings at April 30, 2023, amounts to $8,522,256 and represents 83.4% of net assets. These securities have been deemed liquid under procedures approved by the Trust’s Board of Trustees.
(2)  Defaulted security. Security has not paid its last interest payment and/or interest is not being accrued.

 

The accompanying notes are an integral part of these financial statements.

 

42

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Healthcare Sector ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
CORPORATE BONDS – 97.9%                            
BIOTECHNOLOGY – 0.9%                            
Emergent BioSolutions, Inc.(1)    3.88     08/15/28     $ 38,000     $ 20,199  
Grifols Escrow Issuer SA(1)    4.75     10/15/28       48,000       38,537  
                          58,736  
COMMERCIAL SERVICES – 6.9%                            
AMN Healthcare, Inc.(1)    4.00     04/15/29       20,000       17,624  
AMN Healthcare, Inc.(1)    4.63     10/01/27       40,000       37,355  
Carriage Services, Inc.(1)    4.25     05/15/29       28,000       23,233  
MPH Acquisition Holdings LLC(1)    5.50     09/01/28       68,000       52,051  
MPH Acquisition Holdings LLC(1)    5.75     11/01/28       80,000       50,675  
Service Corp. International/US   3.38     08/15/30       60,000       50,897  
Service Corp. International/US   4.00     05/15/31       58,000       51,186  
Service Corp. International/US   4.63     12/15/27       28,000       27,210  
Service Corp. International/US   5.13     06/01/29       61,000       58,865  
StoneMor, Inc.(1)    8.50     05/15/29       28,000       23,155  
Verscend Escrow Corp.(1)    9.75     08/15/26       75,000       75,789  
                          468,040  
HEALTHCARE-PRODUCTS – 11.8%                            
Avantor Funding, Inc.(1)    3.88     11/01/29       55,000       48,511  
Avantor Funding, Inc.(1)    4.63     07/15/28       112,000       104,890  
Embecta Corp.(1)    5.00     02/15/30       34,000       29,367  
Garden Spinco Corp.(1)    8.63     07/20/30       25,000       26,948  
Hologic, Inc.(1)    3.25     02/15/29       65,000       58,509  
Hologic, Inc.(1)    4.63     02/01/28       28,000       27,264  
Medline Borrower LP(1)    3.88     04/01/29       320,000       280,273  
Medline Borrower LP(1)    5.25     10/01/29       175,000       151,541  
Teleflex, Inc.(1)    4.25     06/01/28       33,000       30,980  
Teleflex, Inc.   4.63     11/15/27       40,000       38,563  
                          796,846  
HEALTHCARE-SERVICES – 50.9%                            
Acadia Healthcare Co., Inc.(1)    5.00     04/15/29       28,000       26,532  
Acadia Healthcare Co., Inc.(1)    5.50     07/01/28       38,000       36,732  
AHP Health Partners, Inc.(1)    5.75     07/15/29       20,000       17,100  
Air Methods Corp.(1)    8.00     05/15/25       43,000       2,805  
Akumin Escrow, Inc.(1)    7.50     08/01/28       25,000       17,580  
Akumin, Inc.(1)    7.00     11/01/25       35,000       27,838  
Cano Health LLC(1)    6.25     10/01/28       20,000       10,727  
Catalent Pharma Solutions, Inc.(1)    3.13     02/15/29       38,000       32,377  
Catalent Pharma Solutions, Inc.(1)    3.50     04/01/30       41,000       34,803  
Catalent Pharma Solutions, Inc.(1)    5.00     07/15/27       40,000       38,462  
Charles River Laboratories International, Inc.(1)    3.75     03/15/29       40,000       35,137  
Charles River Laboratories International, Inc.(1)    4.00     03/15/31       38,000       33,147  
Charles River Laboratories International, Inc.(1)    4.25     05/01/28       28,000       25,529  
CHS/Community Health Systems, Inc.(1)    4.75     02/15/31       73,000       58,958  
CHS/Community Health Systems, Inc.(1)    5.25     05/15/30       107,000       89,281  
CHS/Community Health Systems, Inc.(1)    5.63     03/15/27       133,000       122,902  
CHS/Community Health Systems, Inc.(1)    6.00     01/15/29       61,000       54,126  

 

The accompanying notes are an integral part of these financial statements.

 

43

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Healthcare Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
HEALTHCARE-SERVICES – 50.9% (Continued)                            
CHS/Community Health Systems, Inc.(1)    6.13     04/01/30     $ 82,000     $ 58,435  
CHS/Community Health Systems, Inc.(1)    6.88     04/01/28       58,000       42,895  
CHS/Community Health Systems, Inc.(1)    6.88     04/15/29       105,000       77,795  
CHS/Community Health Systems, Inc.(1)    8.00     03/15/26       148,000       146,877  
CHS/Community Health Systems, Inc.(1)    8.00     12/15/27       48,000       47,614  
DaVita, Inc.(1)    3.75     02/15/31       102,000       82,230  
DaVita, Inc.(1)    4.63     06/01/30       198,000       172,650  
Encompass Health Corp.   4.50     02/01/28       60,000       56,654  
Encompass Health Corp.   4.63     04/01/31       25,000       22,440  
Encompass Health Corp.   4.75     02/01/30       55,000       50,787  
Encompass Health Corp.   5.75     09/15/25       27,000       26,971  
Envision Healthcare Corp.(1)    8.75     10/15/26       72,000       2,020  
Global Medical Response, Inc.(1)    6.50     10/01/25       40,000       24,643  
Hadrian Merger Sub, Inc.(1)    8.50     05/01/26       25,000       21,469  
HealthEquity, Inc.(1)    4.50     10/01/29       40,000       35,818  
IQVIA, Inc.(1)    5.00     10/15/26       73,000       71,842  
IQVIA, Inc.(1)    5.00     05/15/27       80,000       78,174  
Legacy LifePoint Health LLC(1)    4.38     02/15/27       40,000       34,090  
Legacy LifePoint Health LLC(1)    6.75     04/15/25       45,000       43,358  
LifePoint Health, Inc.(1)    5.38     01/15/29       33,000       20,718  
ModivCare Escrow Issuer, Inc.(1)    5.00     10/01/29       35,000       28,262  
ModivCare, Inc.(1)    5.88     11/15/25       33,000       31,565  
Molina Healthcare, Inc.(1)    3.88     11/15/30       45,000       39,736  
Molina Healthcare, Inc.(1)    3.88     05/15/32       54,000       46,332  
Molina Healthcare, Inc.(1)    4.38     06/15/28       55,000       51,626  
Pediatrix Medical Group, Inc.(1)    5.38     02/15/30       28,000       25,602  
Prime Healthcare Services, Inc.(1)    7.25     11/01/25       60,000       54,227  
Radiology Partners, Inc.(1)    9.25     02/01/28       41,000       18,199  
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.(1)    9.75     12/01/26       90,000       74,965  
RP Escrow Issuer LLC(1)    5.25     12/15/25       59,000       41,447  
Select Medical Corp.(1)    6.25     08/15/26       86,000       84,326  
Surgery Center Holdings, Inc.(1)    10.00     04/15/27       2,000       2,053  
Syneos Health, Inc.(1)    3.63     01/15/29       40,000       33,464  
Team Health Holdings, Inc.(1)    6.38     02/01/25       53,000       27,397  
Tenet Healthcare Corp.   4.25     06/01/29       100,000       91,835  
Tenet Healthcare Corp.   4.38     01/15/30       100,000       92,005  
Tenet Healthcare Corp.   4.63     07/15/24       48,000       47,660  
Tenet Healthcare Corp.   4.63     09/01/24       45,000       44,774  
Tenet Healthcare Corp.   4.63     06/15/28       40,000       37,950  
Tenet Healthcare Corp.   4.88     01/01/26       148,000       145,970  
Tenet Healthcare Corp.   5.13     11/01/27       105,000       102,009  
Tenet Healthcare Corp.   6.13     10/01/28       175,000       169,996  
Tenet Healthcare Corp.(1)    6.13     06/15/30       140,000       138,602  
Tenet Healthcare Corp.   6.25     02/01/27       108,000       107,610  
Tenet Healthcare Corp.   6.88     11/15/31       27,000       26,485  
Toledo Hospital   5.33     11/15/28       25,000       21,969  
Toledo Hospital   6.02     11/15/48       47,000       33,194  

 

The accompanying notes are an integral part of these financial statements.

 

44

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Healthcare Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
HEALTHCARE-SERVICES – 50.9% (Continued)                            
US Acute Care Solutions LLC(1)    6.38     03/01/26     $ 53,000     $ 47,360  
US Renal Care, Inc.(1)    10.63     07/15/27       38,000       6,840  
                          3,454,976  
PHARMACEUTICALS – 24.7%                            
180 Medical, Inc.(1)    3.88     10/15/29       35,000       31,206  
AdaptHealth LLC(1)    4.63     08/01/29       35,000       28,395  
AdaptHealth LLC(1)    5.13     03/01/30       40,000       33,136  
AdaptHealth LLC(1)    6.13     08/01/28       25,000       22,090  
Bausch Health Americas, Inc.(1)    9.25     04/01/26       65,000       52,413  
Bausch Health Cos, Inc.(1)    4.88     06/01/28       115,000       75,872  
Bausch Health Cos, Inc.(1)    5.00     02/15/29       50,000       23,549  
Bausch Health Cos, Inc.(1)    5.25     01/30/30       55,000       25,914  
Bausch Health Cos, Inc.(1)    5.25     02/15/31       35,000       16,744  
Bausch Health Cos, Inc.(1)    5.50     11/01/25       125,000       109,121  
Bausch Health Cos, Inc.(1)    5.75     08/15/27       40,000       27,704  
Bausch Health Cos, Inc.(1)    6.13     02/01/27       80,000       57,731  
Bausch Health Cos, Inc.(1)    6.25     02/15/29       65,000       29,871  
Bausch Health Cos, Inc.(1)    9.00     12/15/25       75,000       62,855  
Bausch Health Cos, Inc.(1)    11.00     09/30/28       125,000       101,406  
Bausch Health Cos, Inc.(1)    14.00     10/15/30       25,000       16,125  
Cheplapharm Arzneimittel GmbH(1)    5.50     01/15/28       35,000       31,988  
Elanco Animal Health, Inc.   6.65     08/28/28       53,000       51,735  
Horizon Therapeutics USA, Inc.(1)    5.50     08/01/27       40,000       41,125  
Jazz Securities DAC(1)    4.38     01/15/29       107,000       98,443  
Lannett Co., Inc.(1)    7.75     04/15/26       37,000       2,081  
Mallinckrodt International Finance SA/Mallinckrodt CB LLC(1)    10.00     04/15/25       25,000       15,250  
Mallinckrodt International Finance SA/Mallinckrodt CB LLC(1)    10.00     04/15/25       35,000       29,099  
Mallinckrodt International Finance SA/Mallinckrodt CB LLC(1)    10.00     06/15/29       28,000       14,671  
Mallinckrodt International Finance SA/Mallinckrodt CB LLC(1)    11.50     12/15/28       45,000       35,467  
Option Care Health, Inc.(1)    4.38     10/31/29       34,000       30,602  
Organon & Co./Organon Foreign Debt Co.-Issuer BV(1)    4.13     04/30/28       148,000       136,330  
Organon & Co./Organon Foreign Debt Co.-Issuer BV(1)    5.13     04/30/31       140,000       124,883  
Owens & Minor, Inc.(1)    4.50     03/31/29       38,000       30,519  
Owens & Minor, Inc.(1)    6.63     04/01/30       41,000       35,720  
P&L Development LLC/PLD Finance Corp.(1)    7.75     11/15/25       33,000       26,435  
Perrigo Finance Unlimited Co.   3.90     12/15/24       50,000       48,423  
Perrigo Finance Unlimited Co.   4.38     03/15/26       50,000       48,154  
Perrigo Finance Unlimited Co.   4.40     06/15/30       50,000       45,206  
Perrigo Finance Unlimited Co.   4.90     12/15/44       23,000       16,743  
PRA Health Sciences, Inc.(1)    2.88     07/15/26       39,000       35,642  
Prestige Brands, Inc.(1)    3.75     04/01/31       42,000       35,635  
Prestige Brands, Inc.(1)    5.13     01/15/28       30,000       29,136  
                          1,677,419  
SOFTWARE – 2.7%                            
AthenaHealth Group, Inc.(1)    6.50     02/15/30       166,000       136,503  
Consensus Cloud Solutions, Inc.(1)    6.00     10/15/26       20,000       18,410  
Consensus Cloud Solutions, Inc.(1)    6.50     10/15/28       35,000       30,664  
                          185,577  
TOTAL CORPORATE BONDS (Cost - $6,773,866)                         6,641,594  

 

The accompanying notes are an integral part of these financial statements.

 

45

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Healthcare Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
SHORT-TERM INVESTMENTS – 0.5%                            
TIME DEPOSITS – 0.5%                            
BBVA, Madrid   4.18     05/01/23     $ 33,466     $ 33,466  
TOTAL SHORT-TERM INVESTMENTS (Cost - $33,466)                         33,466  
                             
TOTAL INVESTMENTS – 98.4% (Cost - $6,807,332)                       $ 6,675,060  
OTHER ASSETS LESS LIABILITIES – 1.6%                         109,248  
NET ASSETS – 100.0%                       $ 6,784,308  

 

(1)  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that Rule except to qualified institutional buyers. The aggregate value of Rule 144A holdings at April 30, 2023, amounts to $5,126,303 and represents 75.6% of net assets. These securities have been deemed liquid under procedures approved by the Trust’s Board of Trustees.

 

The accompanying notes are an integral part of these financial statements.

 

46

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Financial & REIT Sector ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
CORPORATE BONDS – 98.0%                            
ADVERTISING – 1.4%                            
Outfront Media Capital LLC/Outfront Media Capital Corp.(1)    4.25     01/15/29     $ 45,000     $ 38,583  
Outfront Media Capital LLC/Outfront Media Capital Corp.(1)    4.63     03/15/30       23,000       19,439  
Outfront Media Capital LLC/Outfront Media Capital Corp.(1)    5.00     08/15/27       75,000       69,341  
                          127,363  
BANKS – 10.0%                            
Dresdner Funding Trust I(1)    8.15     06/30/31       70,000       74,392  
First Republic Bank/CA   4.38     08/01/46       30,000       4,838  
First Republic Bank/CA   4.63     02/13/47       25,000       3,906  
Freedom Mortgage Corp.(1)    6.63     01/15/27       40,000       32,441  
Freedom Mortgage Corp.(1)    7.63     05/01/26       40,000       34,252  
Freedom Mortgage Corp.(1)    8.13     11/15/24       25,000       24,111  
Freedom Mortgage Corp.(1)    8.25     04/15/25       32,000       29,795  
Intesa Sanpaolo SpA(1)    4.20     06/01/32       50,000       37,944  
Intesa Sanpaolo SpA(1)    4.95     06/01/42       55,000       36,447  
Intesa Sanpaolo SpA(1)    5.02     06/26/24       142,000       138,001  
Intesa Sanpaolo SpA(1)    5.71     01/15/26       105,000       101,172  
Pacific Western Bank   3.25     05/01/31       25,000       17,895  
Popular, Inc.   7.25     03/13/28       25,000       24,776  
Standard Chartered PLC(1),(2)    7.01     -       50,000       48,153  
Texas Capital Bancshares, Inc.   4.00     05/06/31       25,000       20,220  
UniCredit SpA(1)    5.46     06/30/35       117,000       99,808  
UniCredit SpA(1)    5.86     06/19/32       52,000       47,410  
UniCredit SpA(1)    7.30     04/02/34       92,000       88,127  
Western Alliance Bancorp.   3.00     06/15/31       40,000       31,033  
                          894,721  
COMMERCIAL SERVICES – 3.8%                            
Block, Inc.   2.75     06/01/26       75,000       67,960  
Block, Inc.   3.50     06/01/31       67,000       54,656  
CoreCivic, Inc.   8.25     04/15/26       62,000       62,704  
CPI CG, Inc.(1)    8.63     03/15/26       23,000       22,735  
GEO Group, Inc.   10.50     06/30/28       20,000       20,246  
MoneyGram International, Inc.(1)    5.38     08/01/26       25,000       24,906  
Paysafe Finance PLC/Paysafe Holdings US Corp.(1)    4.00     06/15/29       25,000       19,562  
PROG Holdings, Inc.(1)    6.00     11/15/29       40,000       36,039  
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.(1)    4.63     11/01/26       30,000       28,247  
                          337,055  
COMPUTERS – 0.3%                            
Diebold Nixdorf, Inc.(1)    9.38     07/15/25       50,000       22,231  
                             
DIVERSIFIED FINANCIAL SERVICES – 30.9%                            
Advisor Group Holdings, Inc.(1)    10.75     08/01/27       25,000       24,834  
AerCap Holdings NV   5.88     10/10/79       55,000       51,095  
AG Issuer LLC(1)    6.25     03/01/28       25,000       23,264  
AG TTMT Escrow Issuer LLC(1)    8.63     09/30/27       50,000       51,451  

 

The accompanying notes are an integral part of these financial statements.

 

47

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Financial & REIT Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
DIVERSIFIED FINANCIAL SERVICES – 30.9% (Continued)                            
Ally Financial, Inc.   5.75     11/20/25     $ 80,000     $ 77,802  
Ally Financial, Inc.   6.70     02/14/33       30,000       27,105  
Aretec Escrow Issuer, Inc.(1)    7.50     04/01/29       25,000       20,961  
Armor Holdco, Inc.(1)    8.50     11/15/29       25,000       20,769  
Brightsphere Investment Group, Inc.   4.80     07/27/26       25,000       23,347  
Burford Capital Global Finance LLC(1)    6.88     04/15/30       50,000       46,548  
Castlelake Aviation Finance DAC(1)    5.00     04/15/27       25,000       22,134  
Coinbase Global, Inc.(1)    3.38     10/01/28       65,000       39,325  
Coinbase Global, Inc.(1)    3.63     10/01/31       75,000       41,979  
Credit Acceptance Corp.(1)    5.13     12/31/24       25,000       23,850  
Credit Acceptance Corp.   6.63     03/15/26       25,000       23,925  
Curo Group Holdings Corp.(1)    7.50     08/01/28       65,000       25,657  
Enova International, Inc.(1)    8.50     09/15/25       45,000       43,225  
goeasy Ltd.(1)    4.38     05/01/26       20,000       17,570  
goeasy Ltd.(1)    5.38     12/01/24       42,000       39,935  
Hightower Holding LLC(1)    6.75     04/15/29       25,000       21,718  
Home Point Capital, Inc.(1)    5.00     02/01/26       38,000       32,157  
Jane Street Group/JSG Finance, Inc.(1)    4.50     11/15/29       43,000       38,526  
Jefferies Finance LLC/JFIN Co.-Issuer Corp.(1)    5.00     08/15/28       67,000       56,406  
Jefferson Capital Holdings LLC(1)    6.00     08/15/26       25,000       21,367  
LD Holdings Group LLC(1)    6.13     04/01/28       60,000       33,068  
LD Holdings Group LLC(1)    6.50     11/01/25       20,000       14,170  
LFS Topco LLC(1)    5.88     10/15/26       25,000       21,963  
Macquarie Airfinance Holdings Ltd.(1)    8.38     05/01/28       35,000       35,060  
Midcap Financial Issuer Trust(1)    5.63     01/15/30       25,000       20,528  
Midcap Financial Issuer Trust(1)    6.50     05/01/28       75,000       67,828  
Nationstar Mortgage Holdings, Inc.(1)    5.13     12/15/30       50,000       41,000  
Nationstar Mortgage Holdings, Inc.(1)    5.50     08/15/28       50,000       44,670  
Nationstar Mortgage Holdings, Inc.(1)    5.75     11/15/31       45,000       37,469  
Nationstar Mortgage Holdings, Inc.(1)    6.00     01/15/27       42,000       39,847  
Navient Corp.   4.88     03/15/28       35,000       30,137  
Navient Corp.   5.00     03/15/27       50,000       45,094  
Navient Corp.   5.50     03/15/29       50,000       43,095  
Navient Corp.   5.63     08/01/33       39,000       29,286  
Navient Corp.   5.88     10/25/24       40,000       39,364  
Navient Corp.   6.75     06/25/25       30,000       29,538  
Navient Corp.   6.75     06/15/26       40,000       39,008  
NFP Corp.(1)    4.88     08/15/28       70,000       63,779  
NFP Corp.(1)    6.88     08/15/28       140,000       122,269  
OneMain Finance Corp.   3.50     01/15/27       55,000       47,042  
OneMain Finance Corp.   3.88     09/15/28       43,000       34,549  
OneMain Finance Corp.   4.00     09/15/30       57,000       43,112  
OneMain Finance Corp.   5.38     11/15/29       50,000       42,114  
OneMain Finance Corp.   6.63     01/15/28       50,000       46,436  
OneMain Finance Corp.   6.88     03/15/25       90,000       88,187  
OneMain Finance Corp.   7.13     03/15/26       112,000       109,280  
Oxford Finance LLC/Oxford Finance Co.-Issuer II, Inc.(1)    6.38     02/01/27       25,000       23,252  
PennyMac Financial Services, Inc.(1)    4.25     02/15/29       50,000       41,136  

 

The accompanying notes are an integral part of these financial statements.

 

48

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Financial & REIT Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
DIVERSIFIED FINANCIAL SERVICES – 30.9% (Continued)                            
PennyMac Financial Services, Inc.(1)    5.38     10/15/25     $ 50,000     $ 47,249  
PennyMac Financial Services, Inc.(1)    5.75     09/15/31       25,000       20,902  
PHH Mortgage Corp.(1)    7.88     03/15/26       25,000       22,494  
PRA Group, Inc.(1)    5.00     10/01/29       27,000       22,909  
PRA Group, Inc.(1)    8.38     02/01/28       45,000       44,919  
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1)    2.88     10/15/26       75,000       66,863  
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1)    3.63     03/01/29       45,000       38,093  
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1)    3.88     03/01/31       99,000       80,086  
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1)    4.00     10/15/33       55,000       43,102  
SLM Corp.   3.13     11/02/26       25,000       21,904  
SLM Corp.   4.20     10/29/25       50,000       46,253  
StoneX Group, Inc.(1)    8.63     06/15/25       25,000       25,346  
Synchrony Financial   7.25     02/02/33       50,000       46,056  
United Wholesale Mortgage LLC(1)    5.50     11/15/25       50,000       47,695  
United Wholesale Mortgage LLC(1)    5.50     04/15/29       45,000       38,858  
United Wholesale Mortgage LLC(1)    5.75     06/15/27       48,000       43,785  
World Acceptance Corp.(1)    7.00     11/01/26       25,000       20,370  
                          2,764,115  
ELECTRONICS – 0.3%                            
Likewize Corp.(1)    9.75     10/15/25       25,000       22,373  
                             
ENGINEERING & CONSTRUCTION – 0.2%                            
INNOVATE Corp.(1)    8.50     02/01/26       25,000       19,501  
                             
INSURANCE – 13.5%                            
Acrisure LLC/Acrisure Finance, Inc.(1)    4.25     02/15/29       50,000       41,899  
Acrisure LLC/Acrisure Finance, Inc.(1)    6.00     08/01/29       27,000       22,358  
Acrisure LLC/Acrisure Finance, Inc.(1)    7.00     11/15/25       102,000       97,534  
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer(1)    4.25     10/15/27       47,000       43,077  
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer(1)    5.88     11/01/29       27,000       23,316  
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer(1)    6.75     10/15/27       100,000       93,481  
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer(1)    6.75     04/15/28       90,000       89,984  
AmWINS Group, Inc.(1)    4.88     06/30/29       55,000       49,958  
Assurant, Inc.   7.00     03/27/48       25,000       23,965  
AssuredPartners, Inc.(1)    5.63     01/15/29       30,000       25,999  
AssuredPartners, Inc.(1)    7.00     08/15/25       22,000       21,807  
BroadStreet Partners, Inc.(1)    5.88     04/15/29       50,000       43,421  
Enstar Finance LLC   5.50     01/15/42       30,000       21,638  
Enstar Finance LLC   5.75     09/01/40       27,000       22,669  
Genworth Holdings, Inc.   6.50     06/15/34       20,000       17,849  
Global Atlantic Finance Co.(1)    4.70     10/15/51       50,000       40,021  
GTCR AP Finance, Inc.(1)    8.00     05/15/27       53,000       51,874  
HUB International Ltd.(1)    5.63     12/01/29       30,000       26,728  
HUB International Ltd.(1)    7.00     05/01/26       125,000       124,607  
Jones Deslauriers Insurance Management, Inc.(1)    8.50     03/15/30       40,000       40,512  
Jones Deslauriers Insurance Management, Inc.(1)    10.50     12/15/30       20,000       20,347  
Liberty Mutual Group, Inc.(1)    4.13     12/15/51       50,000       40,386  

 

The accompanying notes are an integral part of these financial statements.

 

49

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Financial & REIT Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
INSURANCE – 13.5% (Continued)                            
Liberty Mutual Group, Inc.(1)    4.30     02/01/61     $ 75,000     $ 44,740  
MGIC Investment Corp.   5.25     08/15/28       45,000       43,046  
NMI Holdings, Inc.(1)    7.38     06/01/25       25,000       25,446  
Ohio National Financial Services, Inc.(1)    6.80     01/24/30       50,000       47,525  
Ryan Specialty Group LLC(1)    4.38     02/01/30       25,000       22,438  
USI, Inc./NY(1)    6.88     05/01/25       43,000       42,616  
                          1,209,241  
INTERNET – 0.2%                            
Acuris Finance US, Inc./Acuris Finance Sarl(1)    5.00     05/01/28       25,000       19,855  
                             
INVESTMENT COMPANIES – 4.9%                            
Compass Group Diversified Holdings LLC(1)    5.00     01/15/32       25,000       20,351  
Compass Group Diversified Holdings LLC(1)    5.25     04/15/29       68,000       61,268  
Icahn Enterprises LP/Icahn Enterprises Finance Corp.   4.38     02/01/29       50,000       43,960  
Icahn Enterprises LP/Icahn Enterprises Finance Corp.   4.75     09/15/24       75,000       74,101  
Icahn Enterprises LP/Icahn Enterprises Finance Corp.   5.25     05/15/27       100,000       94,392  
Icahn Enterprises LP/Icahn Enterprises Finance Corp.   6.25     05/15/26       97,000       95,574  
Icahn Enterprises LP/Icahn Enterprises Finance Corp.   6.38     12/15/25       50,000       49,655  
                          439,301  
PIPELINES – 0.4%                            
FTAI Infra Escrow Holdings LLC(1)    10.50     06/01/27       35,000       35,383  
                             
REAL ESTATE INVESTMENT TRUST (REITS) – 28.5%                            
Apollo Commercial Real Estate Finance, Inc.(1)    4.63     06/15/29       32,000       24,263  
Blackstone Mortgage Trust, Inc.(1)    3.75     01/15/27       27,000       22,595  
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL(1)    4.50     04/01/27       25,000       20,705  
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL(1)    5.75     05/15/26       93,000       84,559  
CTR Partnership LP/CareTrust Capital Corp.(1)    3.88     06/30/28       25,000       21,862  
Diversified Healthcare Trust   4.38     03/01/31       25,000       15,773  
Diversified Healthcare Trust   4.75     02/15/28       50,000       30,913  
Diversified Healthcare Trust   9.75     06/15/25       50,000       47,932  
Global Net Lease, Inc./Global Net Lease Operating Partnership LP(1)    3.75     12/15/27       30,000       22,986  
HAT Holdings I LLC/HAT Holdings II LLC(1)    3.38     06/15/26       75,000       66,653  
HAT Holdings I LLC/HAT Holdings II LLC(1)    3.75     09/15/30       25,000       19,673  
HAT Holdings I LLC/HAT Holdings II LLC(1)    6.00     04/15/25       25,000       24,331  
Iron Mountain Information Management Services, Inc.(1)    5.00     07/15/32       54,000       47,365  
Iron Mountain, Inc.(1)    4.50     02/15/31       75,000       65,308  
Iron Mountain, Inc.(1)    4.88     09/15/27       72,000       68,743  
Iron Mountain, Inc.(1)    4.88     09/15/29       70,000       63,952  
Iron Mountain, Inc.(1)    5.00     07/15/28       30,000       28,282  
Iron Mountain, Inc.(1)    5.25     03/15/28       55,000       52,980  
Iron Mountain, Inc.(1)    5.25     07/15/30       90,000       83,010  
Iron Mountain, Inc.(1)    5.63     07/15/32       45,000       40,922  
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(1)    4.25     02/01/27       35,000       29,888  
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(1)    4.75     06/15/29       52,000       41,198  

 

The accompanying notes are an integral part of these financial statements.

 

50

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Financial & REIT Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
REAL ESTATE INVESTMENT TRUST (REITS) – 28.5% (Continued)                            
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(1)    5.25     10/01/25     $ 31,000     $ 29,182  
MPT Operating Partnership LP/MPT Finance Corp.   3.50     03/15/31       93,000       63,678  
MPT Operating Partnership LP/MPT Finance Corp.   4.63     08/01/29       52,000       39,441  
MPT Operating Partnership LP/MPT Finance Corp.   5.00     10/15/27       100,000       83,896  
MPT Operating Partnership LP/MPT Finance Corp.   5.25     08/01/26       40,000       35,676  
Necessity Retail REIT, Inc./American Finance Operating Partner LP(1)    4.50     09/30/28       32,000       23,763  
Office Properties Income Trust   2.65     06/15/26       25,000       17,516  
Office Properties Income Trust   3.45     10/15/31       43,000       22,194  
Office Properties Income Trust   4.50     02/01/25       75,000       63,842  
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer(1)    4.88     05/15/29       50,000       43,295  
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer(1)    5.88     10/01/28       50,000       46,170  
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer(1)    7.50     06/01/25       45,000       45,279  
RHP Hotel Properties LP/RHP Finance Corp.(1)    4.50     02/15/29       42,000       37,858  
RHP Hotel Properties LP/RHP Finance Corp.   4.75     10/15/27       50,000       47,063  
Rithm Capital Corp.(1)    6.25     10/15/25       37,000       33,938  
RLJ Lodging Trust LP(1)    3.75     07/01/26       25,000       23,131  
RLJ Lodging Trust LP(1)    4.00     09/15/29       45,000       37,847  
SBA Communications Corp.   3.13     02/01/29       100,000       85,675  
SBA Communications Corp.   3.88     02/15/27       106,000       98,981  
Service Properties Trust   3.95     01/15/28       27,000       21,175  
Service Properties Trust   4.35     10/01/24       52,000       49,706  
Service Properties Trust   4.38     02/15/30       25,000       18,630  
Service Properties Trust   4.50     03/15/25       30,000       27,934  
Service Properties Trust   4.75     10/01/26       42,000       36,359  
Service Properties Trust   4.95     02/15/27       25,000       21,220  
Service Properties Trust   4.95     10/01/29       25,000       18,972  
Service Properties Trust   5.25     02/15/26       25,000       22,234  
Service Properties Trust   5.50     12/15/27       30,000       26,262  
Service Properties Trust   7.50     09/15/25       55,000       53,948  
Starwood Property Trust, Inc.(1)    3.63     07/15/26       50,000       43,106  
Starwood Property Trust, Inc.(1)    4.38     01/15/27       25,000       21,587  
Starwood Property Trust, Inc.   4.75     03/15/25       50,000       47,323  
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC(1)    6.00     01/15/30       50,000       29,543  
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC(1)    6.50     02/15/29       132,000       79,805  
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC(1)    10.50     02/15/28       175,000       167,614  
XHR LP(1)    4.88     06/01/29       45,000       39,096  
XHR LP(1)    6.38     08/15/25       25,000       24,674  
                          2,551,506  
RETAIL – 0.8%                            
FirstCash, Inc.(1)    4.63     09/01/28       25,000       22,882  
FirstCash, Inc.(1)    5.63     01/01/30       48,000       44,640  
                          67,522  
SOFTWARE – 0.3%                            
ACI Worldwide, Inc.(1)    5.75     08/15/26       25,000       24,940  

 

The accompanying notes are an integral part of these financial statements.

 

51

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Financial & REIT Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
TRANSPORTATION – 0.4%                            
Cargo Aircraft Management, Inc.(1)    4.75     02/01/28     $ 42,000     $ 37,745  
                             
TRUCKING & LEASING – 2.1%                            
AerCap Global Aviation Trust(1)    6.50     06/15/45       32,000       30,101  
Fly Leasing Ltd.(1)    7.00     10/15/24       20,000       17,523  
Fortress Transportation & Infrastructure Investors LLC(1)    5.50     05/01/28       75,000       68,834  
Fortress Transportation & Infrastructure Investors LLC(1)    6.50     10/01/25       73,000       72,187  
                          188,645  
TOTAL CORPORATE BONDS (Cost - $8,897,285)                         8,761,497  
                             
SHORT-TERM INVESTMENTS – 0.9%                            
GOVERNMENT OBLIGATIONS – 0.4%                            
U.S. Treasury Bill   ZCP     07/11/23       40,000       39,616  
                             
TIME DEPOSITS – 0.5%                            
BBVA, Madrid   4.18     05/01/23       47,127       47,127  
TOTAL SHORT-TERM INVESTMENTS (Cost - $86,760)                         86,743  
                             
TOTAL INVESTMENTS – 98.9% (Cost - $8,984,045)                       $ 8,848,240  
OTHER ASSETS LESS LIABILITIES – 1.1%                         94,123  
NET ASSETS – 100.0%                       $ 8,942,363  

 

ZCP Indicates a zero coupon rate.

 

(1)  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that Rule except to qualified institutional buyers. The aggregate value of Rule 144A holdings at April 30, 2023, amounts to $5,986,342 and represents 66.9% of net assets. These securities have been deemed liquid under procedures approved by the Trust’s Board of Trustees.
(2)  Security is perpetual in nature and has no stated maturity date.

 

The accompanying notes are an integral part of these financial statements.

 

52

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Energy Sector ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
CORPORATE BONDS – 97.8%                            
CHEMICALS – 1.3%                            
Methanex Corp.   4.25     12/01/24     $ 30,000     $ 29,345  
Methanex Corp.   5.13     10/15/27       50,000       47,815  
Methanex Corp.   5.25     12/15/29       60,000       56,384  
Methanex Corp.   5.65     12/01/44       20,000       16,707  
                          150,251  
OIL & GAS – 56.0%                            
Aethon United BR LP/Aethon United Finance Corp.(1)    8.25     02/15/26       60,000       58,328  
Antero Resources Corp.(1)    5.38     03/01/30       50,000       46,894  
Antero Resources Corp.(1)    7.63     02/01/29       31,000       31,767  
Apache Corp.   4.25     01/15/30       40,000       36,599  
Apache Corp.   4.38     10/15/28       25,000       23,449  
Apache Corp.   4.75     04/15/43       35,000       27,333  
Apache Corp.   5.10     09/01/40       105,000       90,133  
Apache Corp.   5.25     02/01/42       30,000       25,376  
Apache Corp.   5.35     07/01/49       30,000       23,411  
Apache Corp.   6.00     01/15/37       35,000       33,111  
Ascent Resources Utica Holdings LLC/ARU Finance Corp.(1)    5.88     06/30/29       35,000       31,466  
Ascent Resources Utica Holdings LLC/ARU Finance Corp.(1)    7.00     11/01/26       50,000       48,442  
Ascent Resources Utica Holdings LLC/ARU Finance Corp.(1)    8.25     12/31/28       10,000       9,721  
Ascent Resources Utica Holdings LLC/ARU Finance Corp.(1)    9.00     11/01/27       30,000       37,139  
Baytex Energy Corp.(1)    8.50     04/30/30       60,000       60,386  
Baytex Energy Corp.(1)    8.75     04/01/27       30,000       30,906  
Berry Petroleum Co. LLC(1)    7.00     02/15/26       30,000       28,569  
California Resources Corp.(1)    7.13     02/01/26       42,000       42,470  
Callon Petroleum Co.   6.38     07/01/26       30,000       29,023  
Callon Petroleum Co.(1)    7.50     06/15/30       40,000       38,037  
Callon Petroleum Co.(1)    8.00     08/01/28       50,000       49,388  
Calumet Specialty Products Partners LP/Calumet Finance Corp.(1)    8.13     01/15/27       30,000       29,064  
Calumet Specialty Products Partners LP/Calumet Finance Corp.(1)    11.00     04/15/25       35,000       36,000  
Chesapeake Energy Corp.(1)    5.50     02/01/26       40,000       39,633  
Chesapeake Energy Corp.(1)    5.88     02/01/29       40,000       38,303  
Chesapeake Energy Corp.(1)    6.75     04/15/29       70,000       69,364  
Chord Energy Corp.(1)    6.38     06/01/26       30,000       29,930  
Citgo Holding, Inc.(1)    9.25     08/01/24       65,000       65,560  
CITGO Petroleum Corp.(1)    6.38     06/15/26       50,000       48,756  
CITGO Petroleum Corp.(1)    7.00     06/15/25       90,000       89,685  
Civitas Resources, Inc.(1)    5.00     10/15/26       30,000       28,233  
CNX Resources Corp.(1)    6.00     01/15/29       32,000       29,638  
CNX Resources Corp.(1)    7.25     03/14/27       30,000       29,698  
CNX Resources Corp.(1)    7.38     01/15/31       39,000       37,667  
Comstock Resources, Inc.(1)    5.88     01/15/30       85,000       73,054  
Comstock Resources, Inc.(1)    6.75     03/01/29       85,000       77,044  
Crescent Energy Finance LLC(1)    7.25     05/01/26       60,000       57,552  
Crescent Energy Finance LLC(1)    9.25     02/15/28       30,000       29,959  
CrownRock LP/CrownRock Finance, Inc.(1)    5.00     05/01/29       20,000       18,915  
CrownRock LP/CrownRock Finance, Inc.(1)    5.63     10/15/25       85,000       83,993  

 

The accompanying notes are an integral part of these financial statements.

 

53

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Energy Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
OIL & GAS – 56.0% (Continued)                            
CVR Energy, Inc.(1)    5.25     02/15/25     $ 50,000     $ 48,405  
CVR Energy, Inc.(1)    5.75     02/15/28       30,000       26,846  
Earthstone Energy Holdings LLC(1)    8.00     04/15/27       40,000       39,081  
Encino Acquisition Partners Holdings LLC(1)    8.50     05/01/28       52,000       46,164  
Endeavor Energy Resources LP/EER Finance, Inc.(1)    5.75     01/30/28       70,000       69,739  
Energean PLC(1)    6.50     04/30/27       30,000       27,351  
EnQuest PLC(1)    11.63     11/01/27       20,000       18,939  
Global Marine, Inc.   7.00     06/01/28       20,000       16,250  
Gran Tierra Energy, Inc.(1)    7.75     05/23/27       43,000       32,550  
Gulfport Energy Corp.(1)    8.00     05/17/26       30,000       30,106  
Harbour Energy PLC(1)    5.50     10/15/26       35,000       32,106  
Hilcorp Energy I LP/Hilcorp Finance Co.(1)    5.75     02/01/29       50,000       46,758  
Hilcorp Energy I LP/Hilcorp Finance Co.(1)    6.00     04/15/30       35,000       32,652  
Hilcorp Energy I LP/Hilcorp Finance Co.(1)    6.00     02/01/31       40,000       37,015  
Hilcorp Energy I LP/Hilcorp Finance Co.(1)    6.25     11/01/28       50,000       47,949  
Hilcorp Energy I LP/Hilcorp Finance Co.(1)    6.25     04/15/32       40,000       37,435  
Ithaca Energy North Sea PLC(1)    9.00     07/15/26       45,000       43,367  
Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp.(1)    6.00     08/01/26       30,000       29,157  
Matador Resources Co.   5.88     09/15/26       50,000       49,100  
Matador Resources Co.(1)    6.88     04/15/28       40,000       40,298  
MEG Energy Corp.(1)    5.88     02/01/29       50,000       48,059  
MEG Energy Corp.(1)    7.13     02/01/27       40,000       41,053  
Moss Creek Resources Holdings, Inc.(1)    7.50     01/15/26       60,000       56,164  
Moss Creek Resources Holdings, Inc.(1)    10.50     05/15/27       31,000       29,967  
Murphy Oil Corp.   5.88     12/01/27       40,000       39,390  
Murphy Oil Corp.   6.13     12/01/42       31,000       26,587  
Murphy Oil Corp.   6.38     07/15/28       40,000       39,897  
Murphy Oil Corp.   7.05     05/01/29       10,000       10,203  
Nabors Industries Ltd.(1)    7.25     01/15/26       40,000       37,758  
Nabors Industries Ltd.(1)    7.50     01/15/28       10,000       9,113  
Nabors Industries, Inc.   5.75     02/01/25       40,000       39,096  
Nabors Industries, Inc.(1)    7.38     05/15/27       80,000       77,695  
Neptune Energy Bondco PLC(1)    6.63     05/15/25       64,000       63,172  
Noble Finance II LLC(1)    8.00     04/15/30       50,000       51,259  
Northern Oil & Gas, Inc.(1)    8.13     03/01/28       60,000       59,314  
Occidental Petroleum Corp.   2.90     08/15/24       50,000       48,531  
Occidental Petroleum Corp.   3.40     04/15/26       25,000       23,684  
Occidental Petroleum Corp.   3.50     08/15/29       20,000       18,248  
Occidental Petroleum Corp.   4.10     02/15/47       15,000       11,732  
Occidental Petroleum Corp.   4.20     03/15/48       25,000       19,543  
Occidental Petroleum Corp.   4.40     04/15/46       35,000       28,233  
Occidental Petroleum Corp.   4.40     08/15/49       20,000       15,748  
Occidental Petroleum Corp.   4.63     06/15/45       25,000       20,528  
Occidental Petroleum Corp.   5.50     12/01/25       35,000       35,146  
Occidental Petroleum Corp.   5.55     03/15/26       65,000       65,628  
Occidental Petroleum Corp.   5.88     09/01/25       45,000       45,523  
Occidental Petroleum Corp.   6.13     01/01/31       90,000       94,193  
Occidental Petroleum Corp.   6.20     03/15/40       55,000       56,542  

 

The accompanying notes are an integral part of these financial statements.

 

54

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Energy Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
OIL & GAS – 56.0% (Continued)                            
Occidental Petroleum Corp.   6.38     09/01/28     $ 45,000     $ 46,978  
Occidental Petroleum Corp.   6.45     09/15/36       135,000       143,390  
Occidental Petroleum Corp.   6.60     03/15/46       85,000       90,818  
Occidental Petroleum Corp.   6.63     09/01/30       115,000       122,876  
Occidental Petroleum Corp.   7.50     05/01/31       69,000       77,077  
Occidental Petroleum Corp.   7.88     09/15/31       35,000       39,710  
Occidental Petroleum Corp.   7.95     06/15/39       25,000       28,694  
Occidental Petroleum Corp.   8.50     07/15/27       35,000       38,575  
Occidental Petroleum Corp.   8.88     07/15/30       80,000       94,078  
Parkland Corp.(1)    4.50     10/01/29       60,000       52,643  
Parkland Corp.(1)    4.63     05/01/30       61,000       53,148  
Parkland Corp.(1)    5.88     07/15/27       40,000       39,004  
Patterson-UTI Energy, Inc.   3.95     02/01/28       30,000       27,014  
Patterson-UTI Energy, Inc.   5.15     11/15/29       30,000       26,816  
PBF Holding Co. LLC/PBF Finance Corp.   6.00     02/15/28       75,000       69,088  
PBF Holding Co. LLC/PBF Finance Corp.   7.25     06/15/25       40,000       39,906  
PDC Energy, Inc.   5.75     05/15/26       60,000       58,322  
Permian Resources Operating LLC(1)    5.88     07/01/29       62,000       58,734  
Permian Resources Operating LLC(1)    6.88     04/01/27       30,000       29,739  
Permian Resources Operating LLC(1)    7.75     02/15/26       40,000       40,493  
Petrofac Ltd.(1)    9.75     11/15/26       50,000       35,031  
Precision Drilling Corp.(1)    6.88     01/15/29       60,000       55,109  
Range Resources Corp.(1)    4.75     02/15/30       33,000       30,398  
Range Resources Corp.   4.88     05/15/25       60,000       59,276  
Range Resources Corp.   8.25     01/15/29       50,000       52,238  
ROCC Holdings LLC(1)    9.25     08/15/26       30,000       32,213  
Rockcliff Energy II LLC(1)    5.50     10/15/29       55,000       49,791  
SM Energy Co.   6.50     07/15/28       30,000       28,453  
SM Energy Co.   6.63     01/15/27       30,000       29,003  
SM Energy Co.   6.75     09/15/26       60,000       59,179  
Southwestern Energy Co.   4.75     02/01/32       90,000       79,485  
Southwestern Energy Co.   5.38     02/01/29       55,000       51,908  
Southwestern Energy Co.   5.38     03/15/30       95,000       88,507  
Southwestern Energy Co.   5.70     01/23/25       30,000       29,976  
Southwestern Energy Co.   8.38     09/15/28       20,000       20,989  
Strathcona Resources Ltd./Alberta(1)    6.88     08/01/26       35,000       29,638  
Sunoco LP/Sunoco Finance Corp.   4.50     05/15/29       60,000       54,124  
Sunoco LP/Sunoco Finance Corp.   4.50     04/30/30       80,000       71,491  
Sunoco LP/Sunoco Finance Corp.   6.00     04/15/27       60,000       59,750  
Talos Production, Inc.   12.00     01/15/26       55,000       58,215  
Tap Rock Resources LLC(1)    7.00     10/01/26       35,000       33,663  
Teine Energy Ltd.(1)    6.88     04/15/29       30,000       27,478  
Transocean Poseidon Ltd.(1)    6.88     02/01/27       36,563       35,706  
Transocean Titan Financing Ltd.(1)    8.38     02/01/28       40,000       40,810  
Transocean, Inc.   6.80     03/15/38       45,000       30,685  
Transocean, Inc.(1)    7.25     11/01/25       29,000       27,658  
Transocean, Inc.(1)    7.50     01/15/26       45,000       41,566  
Transocean, Inc.   7.50     04/15/31       30,000       23,135  

 

The accompanying notes are an integral part of these financial statements.

 

55

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Energy Sector ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
OIL & GAS – 56.0% (Continued)                            
Transocean, Inc.(1)    8.00     02/01/27     $ 50,000     $ 44,444  
Transocean, Inc.(1)    8.75     02/15/30       90,000       90,900  
Transocean, Inc.(1)    11.50     01/30/27       55,000       56,346  
Valaris Ltd.(1)    8.38     04/30/30       55,000       55,081  
Vermilion Energy, Inc.(1)    5.63     03/15/25       28,000       27,578  
Vermilion Energy, Inc.(1)    6.88     05/01/30       31,000       28,798  
Viper Energy Partners LP(1)    5.38     11/01/27       30,000       29,034  
Vital Energy, Inc.(1)    7.75     07/31/29       24,000       21,211  
Vital Energy, Inc.   9.50     01/15/25       32,000       32,223  
Vital Energy, Inc.   10.13     01/15/28       27,000       27,180  
W&T Offshore, Inc.(1)    11.75     02/01/26       25,000       25,062  
                          6,427,705  
OIL & GAS SERVICES – 5.1%                            
Archrock Partners LP/Archrock Partners Finance Corp.(1)    6.25     04/01/28       60,000       57,671  
Archrock Partners LP/Archrock Partners Finance Corp.(1)    6.88     04/01/27       40,000       39,349  
Bristow Group, Inc.(1)    6.88     03/01/28       30,000       28,652  
CGG SA(1)    8.75     04/01/27       35,000       30,289  
CSI Compressco LP/CSI Compressco Finance, Inc.(1)    7.50     04/01/25       30,000       29,005  
Enerflex Ltd.(1)    9.00     10/15/27       50,000       49,883  
Oceaneering International, Inc.   4.65     11/15/24       30,000       29,559  
Oceaneering International, Inc.   6.00     02/01/28       20,000       19,025  
USA Compression Partners LP/USA Compression Finance Corp.   6.88     04/01/26       60,000       59,430  
USA Compression Partners LP/USA Compression Finance Corp.   6.88     09/01/27       60,000       58,472  
Weatherford International Ltd.(1)    6.50     09/15/28       30,000       30,032  
Weatherford International Ltd.(1)    8.63     04/30/30       129,000       131,539  
Welltec International ApS(1)    8.25     10/15/26       25,000       25,273  
                          588,179  
PIPELINES – 34.7%                            
Antero Midstream Partners LP/Antero Midstream Finance Corp.(1)    5.38     06/15/29       63,000       59,056  
Antero Midstream Partners LP/Antero Midstream Finance Corp.(1)    5.75     03/01/27       50,000       48,432  
Antero Midstream Partners LP/Antero Midstream Finance Corp.(1)    5.75     01/15/28       50,000       48,496  
Antero Midstream Partners LP/Antero Midstream Finance Corp.(1)    7.88     05/15/26       40,000       41,111  
Blue Racer Midstream LLC/Blue Racer Finance Corp.(1)    6.63     07/15/26       30,000       29,627  
Blue Racer Midstream LLC/Blue Racer Finance Corp.(1)    7.63     12/15/25       40,000       40,166  
Buckeye Partners LP   3.95     12/01/26       50,000       45,573  
Buckeye Partners LP(1)    4.13     03/01/25       65,000       62,158  
Buckeye Partners LP   4.13     12/01/27       30,000       26,990  
Buckeye Partners LP(1)    4.50     03/01/28       35,000       31,854  
Buckeye Partners LP   5.60     10/15/44       25,000       18,046  
Buckeye Partners LP   5.85     11/15/43       30,000       23,126  
CNX Midstream Partners LP(1)    4.75     04/15/30       30,000       25,148  
CQP Holdco LP/BIP-V Chinook Holdco LLC(1)    5.50     06/15/31       110,000       102,534  
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(1)    5.63     05/01/27       50,000       48,045  
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.   5.75     04/01/25       35,000       34,527  
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(1)    6.00     02/01/29       55,000       51,891  
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(1)    7.38     02/01/31       50,000       50,052  
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(1)    8.00     04/01/29       35,000       35,648  

 

The accompanying notes are an integral part of these financial statements.

 

56

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Energy Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
PIPELINES – 34.7% (Continued)                            
Delek Logistics Partners LP/Delek Logistics Finance Corp.(1)    7.13     06/01/28     $ 30,000     $ 27,356  
DT Midstream, Inc.(1)    4.13     06/15/29       80,000       70,990  
DT Midstream, Inc.(1)    4.38     06/15/31       80,000       69,674  
EnLink Midstream LLC   5.38     06/01/29       40,000       38,663  
EnLink Midstream LLC(1)    5.63     01/15/28       40,000       39,437  
EnLink Midstream LLC(1)    6.50     09/01/30       75,000       75,839  
EnLink Midstream Partners LP   4.15     06/01/25       29,000       28,078  
EnLink Midstream Partners LP   4.85     07/15/26       40,000       39,000  
EnLink Midstream Partners LP   5.05     04/01/45       35,000       27,821  
EnLink Midstream Partners LP   5.45     06/01/47       35,000       29,270  
EnLink Midstream Partners LP   5.60     04/01/44       30,000       24,970  
EQM Midstream Partners LP   4.00     08/01/24       26,000       25,239  
EQM Midstream Partners LP   4.13     12/01/26       40,000       36,351  
EQM Midstream Partners LP(1)    4.50     01/15/29       60,000       51,068  
EQM Midstream Partners LP(1)    4.75     01/15/31       85,000       69,763  
EQM Midstream Partners LP   5.50     07/15/28       65,000       59,311  
EQM Midstream Partners LP(1)    6.00     07/01/25       31,000       30,496  
EQM Midstream Partners LP(1)    6.50     07/01/27       63,000       61,509  
EQM Midstream Partners LP   6.50     07/15/48       45,000       34,132  
EQM Midstream Partners LP(1)    7.50     06/01/27       40,000       39,899  
EQM Midstream Partners LP(1)    7.50     06/01/30       40,000       38,868  
Genesis Energy LP/Genesis Energy Finance Corp.   6.25     05/15/26       10,000       9,647  
Genesis Energy LP/Genesis Energy Finance Corp.   6.50     10/01/25       49,000       48,025  
Genesis Energy LP/Genesis Energy Finance Corp.   7.75     02/01/28       40,000       39,419  
Genesis Energy LP/Genesis Energy Finance Corp.   8.00     01/15/27       80,000       79,912  
Genesis Energy LP/Genesis Energy Finance Corp.   8.88     04/15/30       50,000       50,118  
Global Partners LP/GLP Finance Corp.   6.88     01/15/29       30,000       28,145  
Global Partners LP/GLP Finance Corp.   7.00     08/01/27       30,000       29,032  
Harvest Midstream I LP(1)    7.50     09/01/28       60,000       58,769  
Hess Midstream Operations LP(1)    4.25     02/15/30       55,000       48,963  
Hess Midstream Operations LP(1)    5.13     06/15/28       50,000       47,560  
Hess Midstream Operations LP(1)    5.50     10/15/30       30,000       27,954  
Hess Midstream Operations LP(1)    5.63     02/15/26       60,000       59,138  
Holly Energy Partners LP/Holly Energy Finance Corp.(1)    5.00     02/01/28       30,000       28,009  
Holly Energy Partners LP/Holly Energy Finance Corp.(1)    6.38     04/15/27       40,000       39,483  
Howard Midstream Energy Partners LLC(1)    6.75     01/15/27       30,000       28,026  
ITT Holdings LLC(1)    6.50     08/01/29       96,000       79,803  
Kinetik Holdings LP(1)    5.88     06/15/30       80,000       76,723  
Martin Midstream Partners LP/Martin Midstream Finance Corp.(1)    11.50     02/15/28       30,000       29,256  
New Fortress Energy, Inc.(1)    6.50     09/30/26       115,000       106,043  
New Fortress Energy, Inc.(1)    6.75     09/15/25       100,000       95,368  
NGL Energy Operating LLC/NGL Energy Finance Corp.(1)    7.50     02/01/26       170,000       163,165  
NGL Energy Partners LP/NGL Energy Finance Corp.   6.13     03/01/25       10,000       9,250  
NGL Energy Partners LP/NGL Energy Finance Corp.   7.50     04/15/26       30,000       26,980  
Northriver Midstream Finance LP(1)    5.63     02/15/26       40,000       37,598  
NuStar Logistics LP   5.63     04/28/27       48,000       45,862  
NuStar Logistics LP   5.75     10/01/25       40,000       39,270  
NuStar Logistics LP   6.00     06/01/26       40,000       39,415  

 

The accompanying notes are an integral part of these financial statements.

 

57

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Energy Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
PIPELINES – 34.7% (Continued)                            
NuStar Logistics LP   6.38     10/01/30     $ 50,000     $ 48,203  
Rockies Express Pipeline LLC(1)    3.60     05/15/25       30,000       28,474  
Rockies Express Pipeline LLC(1)    4.80     05/15/30       35,000       31,221  
Rockies Express Pipeline LLC(1)    4.95     07/15/29       35,000       32,366  
Rockies Express Pipeline LLC(1)    6.88     04/15/40       50,000       43,581  
Rockies Express Pipeline LLC(1)    7.50     07/15/38       10,000       9,178  
Southeast Supply Header LLC(1)    4.25     06/15/24       30,000       28,349  
Summit Midstream Holdings LLC/Summit Midstream Finance Corp.(1)    8.50     10/15/26       82,000       78,819  
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1)    5.50     01/15/28       60,000       55,588  
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1)    6.00     03/01/27       30,000       28,984  
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1)    6.00     12/31/30       55,000       48,907  
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1)    6.00     09/01/31       36,000       31,911  
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1)    7.50     10/01/25       50,000       50,436  
TransMontaigne Partners LP/TLP Finance Corp.   6.13     02/15/26       20,000       17,417  
Venture Global Calcasieu Pass LLC(1)    3.88     08/15/29       100,000       89,930  
Venture Global Calcasieu Pass LLC(1)    3.88     11/01/33       97,000       81,896  
Venture Global Calcasieu Pass LLC(1)    4.13     08/15/31       95,000       84,269  
Venture Global Calcasieu Pass LLC(1)    6.25     01/15/30       80,000       81,198  
                          3,981,874  
RETAIL – 0.4%                            
Superior Plus LP/Superior General Partner, Inc.(1)    4.50     03/15/29       50,000       44,338  
                             
WATER – 0.3%                            
Solaris Midstream Holdings LLC(1)    7.63     04/01/26       30,000       28,830  
                             
TOTAL CORPORATE BONDS (Cost - $11,351,935)                         11,221,177  
                             
SHORT-TERM INVESTMENTS – 1.4%                            
GOVERNMENT OBLIGATIONS – 0.9%                            
U.S. Treasury Bill   ZCP     07/11/23       100,000       99,041  
                             
TIME DEPOSITS – 0.5%                            
JP Morgan Chase, New York   4.18     05/01/23       60,376       60,376  
TOTAL SHORT-TERM INVESTMENTS (Cost - $159,459)                         159,417  
                             
TOTAL INVESTMENTS – 99.1% (Cost - $11,511,394)                       $ 11,380,594  
OTHER ASSETS LESS LIABILITIES – 0.9%                         97,870  
NET ASSETS – 100.0%                       $ 11,478,464  

 

ZCP Indicates a zero coupon rate.

 

(1)  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that Rule except to qualified institutional buyers. The aggregate value of Rule 144A holdings at April 30, 2023, amounts to $7,151,252 and represents 62.3% of net assets. These securities have been deemed liquid under procedures approved by the Trust’s Board of Trustees.

 

The accompanying notes are an integral part of these financial statements.

 

58

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
Portfolio of Investments
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
CORPORATE BONDS – 97.2%                            
APPAREL – 2.2%                            
Crocs, Inc.(1)    4.13     08/15/31     $ 22,000     $ 18,597  
Crocs, Inc.(1)    4.25     03/15/29       40,000       35,518  
Hanesbrands, Inc.(1)    4.88     05/15/26       83,000       78,321  
Hanesbrands, Inc.(1)    9.00     02/15/31       50,000       51,240  
Kontoor Brands, Inc.(1)    4.13     11/15/29       29,000       24,672  
Levi Strauss & Co.(1)    3.50     03/01/31       50,000       42,329  
Under Armour, Inc.   3.25     06/15/26       50,000       45,964  
William Carter Co.(1)    5.63     03/15/27       50,000       49,441  
Wolverine World Wide, Inc.(1)    4.00     08/15/29       50,000       41,608  
                          387,690  
AUTO MANUFACTURERS – 18.6%                            
Allison Transmission, Inc.(1)    3.75     01/30/31       100,000       85,474  
Allison Transmission, Inc.(1)    5.88     06/01/29       72,000       70,999  
Aston Martin Capital Holdings Ltd.(1)    10.50     11/30/25       100,000       98,377  
Ford Holdings LLC   9.30     03/01/30       3,000       3,429  
Ford Motor Co.   3.25     02/12/32       152,000       118,015  
Ford Motor Co.   4.35     12/08/26       100,000       97,250  
Ford Motor Co.   4.75     01/15/43       123,000       92,561  
Ford Motor Co.   5.29     12/08/46       98,000       79,366  
Ford Motor Co.   6.10     08/19/32       100,000       95,461  
Ford Motor Co.   6.63     10/01/28       3,000       3,058  
Ford Motor Co.   7.40     11/01/46       2,000       2,040  
Ford Motor Co.   7.45     07/16/31       53,000       55,841  
Ford Motor Co.   9.63     04/22/30       3,000       3,492  
Ford Motor Credit Co. LLC   2.30     02/10/25       65,000       60,610  
Ford Motor Credit Co. LLC   2.70     08/10/26       65,000       57,738  
Ford Motor Credit Co. LLC   2.90     02/16/28       50,000       43,345  
Ford Motor Credit Co. LLC   2.90     02/10/29       76,000       63,136  
Ford Motor Credit Co. LLC   3.38     11/13/25       115,000       106,962  
Ford Motor Credit Co. LLC   3.63     06/17/31       71,000       58,616  
Ford Motor Credit Co. LLC   3.82     11/02/27       50,000       44,909  
Ford Motor Credit Co. LLC   4.00     11/13/30       100,000       85,847  
Ford Motor Credit Co. LLC   4.06     11/01/24       110,000       107,045  
Ford Motor Credit Co. LLC   4.13     08/04/25       100,000       94,807  
Ford Motor Credit Co. LLC   4.13     08/17/27       73,000       67,073  
Ford Motor Credit Co. LLC   4.27     01/09/27       50,000       46,369  
Ford Motor Credit Co. LLC   4.39     01/08/26       76,000       72,294  
Ford Motor Credit Co. LLC   4.54     08/01/26       50,000       47,225  
Ford Motor Credit Co. LLC   4.69     06/09/25       65,000       62,955  
Ford Motor Credit Co. LLC   4.95     05/28/27       90,000       85,228  
Ford Motor Credit Co. LLC   5.11     05/03/29       100,000       93,339  
Ford Motor Credit Co. LLC   5.13     06/16/25       65,000       63,373  
Ford Motor Credit Co. LLC   5.58     03/18/24       15,000       14,929  
Ford Motor Credit Co. LLC   6.95     03/06/26       90,000       90,927  
Ford Motor Credit Co. LLC   7.35     11/04/27       83,000       85,557  
Ford Motor Credit Co. LLC   7.35     03/06/30       75,000       77,114  
Jaguar Land Rover Automotive PLC(1)    4.50     10/01/27       50,000       41,946  

 

The accompanying notes are an integral part of these financial statements.

 

59

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
AUTO MANUFACTURERS – 18.6% (Continued)                            
Jaguar Land Rover Automotive PLC(1)    5.50     07/15/29     $ 47,000     $ 38,962  
Jaguar Land Rover Automotive PLC(1)    5.88     01/15/28       50,000       43,289  
Jaguar Land Rover Automotive PLC(1)    7.75     10/15/25       70,000       69,591  
McLaren Finance PLC(1)    7.50     08/01/26       61,000       50,240  
Nissan Motor Acceptance Co. LLC(1)    1.13     09/16/24       40,000       37,204  
Nissan Motor Acceptance Co. LLC(1)    1.85     09/16/26       50,000       42,691  
Nissan Motor Acceptance Co. LLC(1)    2.00     03/09/26       75,000       66,129  
Nissan Motor Acceptance Co. LLC(1)    2.75     03/09/28       40,000       33,304  
Nissan Motor Co. Ltd.(1)    3.52     09/17/25       125,000       116,985  
Nissan Motor Co. Ltd.(1)    4.35     09/17/27       250,000       229,236  
Nissan Motor Co. Ltd.(1)    4.81     09/17/30       250,000       220,046  
                          3,324,384  
AUTO PARTS & EQUIPMENT – 6.3%                            
Adient Global Holdings Ltd.(1)    4.88     08/15/26       72,000       69,308  
Adient Global Holdings Ltd.(1)    7.00     04/15/28       40,000       41,064  
Adient Global Holdings Ltd.(1)    8.25     04/15/31       50,000       51,277  
American Axle & Manufacturing, Inc.   5.00     10/01/29       50,000       41,563  
American Axle & Manufacturing, Inc.   6.50     04/01/27       50,000       46,409  
American Axle & Manufacturing, Inc.   6.88     07/01/28       34,000       30,640  
Dana, Inc.   4.25     09/01/30       47,000       38,112  
Dana, Inc.   4.50     02/15/32       3,000       2,402  
Dana, Inc.   5.38     11/15/27       74,000       69,667  
Dana, Inc.   5.63     06/15/28       49,000       45,263  
Dealer Tire LLC/DT Issuer LLC(1)    8.00     02/01/28       50,000       46,443  
Goodyear Tire & Rubber Co.   4.88     03/15/27       65,000       61,494  
Goodyear Tire & Rubber Co.   5.00     05/31/26       90,000       87,547  
Goodyear Tire & Rubber Co.   5.00     07/15/29       75,000       66,384  
Goodyear Tire & Rubber Co.   5.25     04/30/31       28,000       24,314  
Goodyear Tire & Rubber Co.   5.25     07/15/31       57,000       49,214  
Goodyear Tire & Rubber Co.   5.63     04/30/33       34,000       29,460  
Goodyear Tire & Rubber Co.   9.50     05/31/25       71,000       72,791  
Real Hero Merger Sub 2, Inc.(1)    6.25     02/01/29       50,000       37,675  
Wheel Pros, Inc.(1)    6.50     05/15/29       15,000       7,125  
ZF North America Capital, Inc.(1)    4.75     04/29/25       100,000       97,824  
ZF North America Capital, Inc.(1)    6.88     04/14/28       55,000       56,655  
ZF North America Capital, Inc.(1)    7.13     04/14/30       50,000       51,655  
                          1,124,286  
COMMERCIAL SERVICES – 1.5%                            
Metis Merger Sub LLC(1)    6.50     05/15/29       71,000       60,248  
Sabre GLBL, Inc.(1)    7.38     09/01/25       90,000       80,078  
Sabre GLBL, Inc.(1)    9.25     04/15/25       70,000       64,645  
Sabre GLBL, Inc.(1)    11.25     12/15/27       35,000       30,778  
Upbound Group, Inc.(1)    6.38     02/15/29       40,000       35,161  
                          270,910  
DISTRIBUTION/WHOLESALE – 0.1%                            
G-III Apparel Group Ltd.(1)    7.88     08/15/25       28,000       26,376  

 

The accompanying notes are an integral part of these financial statements.

 

60

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
DIVERSIFIED FINANCIAL SERVICES – 0.1%                            
Cobra Acquisition Co. LLC(1)    6.38     11/01/29     $ 35,000     $ 20,311  
                             
ENTERTAINMENT – 18.8%                            
Affinity Interactive(1)    6.88     12/15/27       50,000       45,023  
AMC Entertainment Holdings, Inc.(1)    7.50     02/15/29       72,000       52,268  
Boyne USA, Inc.(1)    4.75     05/15/29       62,000       56,216  
Caesars Entertainment, Inc.(1)    4.63     10/15/29       100,000       87,820  
Caesars Entertainment, Inc.(1)    6.25     07/01/25       297,000       297,630  
Caesars Entertainment, Inc.(1)    7.00     02/15/30       183,000       184,798  
Caesars Entertainment, Inc.(1)    8.13     07/01/27       146,000       149,098  
Caesars Resort Collection LLC/CRC FinCo., Inc.(1)    5.75     07/01/25       84,000       84,769  
CCM Merger, Inc.(1)    6.38     05/01/26       2,000       1,957  
CDI Escrow Issuer, Inc.(1)    5.75     04/01/30       122,000       117,745  
Cedar Fair LP   5.25     07/15/29       50,000       46,557  
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op   5.38     04/15/27       50,000       47,949  
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op(1)    5.50     05/01/25       80,000       79,857  
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op   6.50     10/01/28       22,000       21,757  
Churchill Downs, Inc.(1)    4.75     01/15/28       50,000       47,407  
Churchill Downs, Inc.(1)    5.50     04/01/27       51,000       49,799  
Churchill Downs, Inc.(1)    6.75     05/01/31       50,000       50,390  
Cinemark USA, Inc.(1)    5.25     07/15/28       71,000       63,380  
Cinemark USA, Inc.(1)    5.88     03/15/26       45,000       43,042  
Cinemark USA, Inc.(1)    8.75     05/01/25       12,000       12,256  
Empire Resorts, Inc.(1)    7.75     11/01/26       3,000       2,486  
Everi Holdings, Inc.(1)    5.00     07/15/29       29,000       25,874  
International Game Technology PLC(1)    4.13     04/15/26       65,000       62,462  
International Game Technology PLC(1)    5.25     01/15/29       25,000       24,001  
International Game Technology PLC(1)    6.25     01/15/27       75,000       76,120  
International Game Technology PLC(1)    6.50     02/15/25       75,000       76,018  
Jacobs Entertainment, Inc.(1)    6.75     02/15/29       50,000       43,545  
Live Nation Entertainment, Inc.(1)    3.75     01/15/28       50,000       44,875  
Live Nation Entertainment, Inc.(1)    4.75     10/15/27       83,000       76,978  
Live Nation Entertainment, Inc.(1)    4.88     11/01/24       51,000       50,425  
Live Nation Entertainment, Inc.(1)    5.63     03/15/26       22,000       21,432  
Live Nation Entertainment, Inc.(1)    6.50     05/15/27       97,000       98,220  
Merlin Entertainments Ltd.(1)    5.75     06/15/26       73,000       69,428  
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.(1)    4.88     05/01/29       72,000       64,509  
Mohegan Tribal Gaming Authority(1)    8.00     02/01/26       101,000       90,502  
Odeon FinCo. PLC(1)    12.75     11/01/27       50,000       47,688  
Penn Entertainment, Inc.(1)    4.13     07/01/29       67,000       56,505  
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.(1)    5.63     09/01/29       67,000       48,655  
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.(1)    5.88     09/01/31       67,000       47,463  
Raptor Acquisition Corp./Raptor Co.-Issuer LLC(1)    4.88     11/01/26       3,000       2,808  
Resorts World Las Vegas LLC/RWLV Capital, Inc.(1)    4.63     04/16/29       72,000       57,855  
Resorts World Las Vegas LLC/RWLV Capital, Inc.(1)    4.63     04/06/31       50,000       39,174  

 

The accompanying notes are an integral part of these financial statements.

 

61

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
ENTERTAINMENT – 18.8% (Continued)                            
Scientific Games Holdings LP/Scientific Games US FinCo., Inc.(1)    6.63     03/01/30     $ 73,000     $ 64,833  
Scientific Games International, Inc.(1)    7.00     05/15/28       52,000       51,939  
Scientific Games International, Inc.(1)    7.25     11/15/29       49,000       49,071  
Scientific Games International, Inc.(1)    8.63     07/01/25       51,000       52,210  
SeaWorld Parks & Entertainment, Inc.(1)    5.25     08/15/29       67,000       60,362  
Six Flags Entertainment Corp.(1)    4.88     07/31/24       78,000       78,049  
Six Flags Entertainment Corp.(1)    5.50     04/15/27       50,000       47,830  
Six Flags Theme Parks, Inc.(1)    7.00     07/01/25       28,000       28,380  
Speedway Motorsports LLC/Speedway Funding II, Inc.(1)    4.88     11/01/27       28,000       26,024  
Universal Entertainment Corp.(1)    8.50     12/11/24       72,000       67,925  
Vail Resorts, Inc.(1)    6.25     05/15/25       50,000       50,434  
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.(1)    5.13     10/01/29       72,000       66,359  
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.(1)    7.13     02/15/31       50,000       51,261  
                          3,361,418  
HOME BUILDERS – 0.5%                            
Forestar Group, Inc.(1)    3.85     05/15/26       53,000       49,076  
Thor Industries, Inc.(1)    4.00     10/15/29       50,000       41,062  
Winnebago Industries, Inc.(1)    6.25     07/15/28       3,000       2,906  
                          93,044  
INTERNET – 1.4%                            
GrubHub Holdings, Inc.(1)    5.50     07/01/27       50,000       36,565  
Photo Holdings Merger Sub, Inc.(1)    8.50     10/01/26       77,000       33,016  
Rakuten Group, Inc.(1),(2)    5.13     -       70,000       45,722  
Rakuten Group, Inc.(1),(2)    6.25     -       100,000       58,143  
Rakuten Group, Inc.(1)    10.25     11/30/24       76,000       74,906  
                          248,352  
LEISURE TIME – 15.9%                            
Carnival Corp.(1)    4.00     08/01/28       202,000       175,312  
Carnival Corp.(1)    5.75     03/01/27       288,000       237,341  
Carnival Corp.(1)    6.00     05/01/29       182,000       143,015  
Carnival Corp.(1)    7.63     03/01/26       127,000       116,265  
Carnival Corp.(1)    9.88     08/01/27       83,000       85,181  
Carnival Corp.(1)    10.50     02/01/26       73,000       76,282  
Carnival Corp.(1)    10.50     06/01/30       95,000       90,239  
Carnival Holdings Bermuda Ltd.(1)    10.38     05/01/28       180,000       193,697  
Constellation Merger Sub, Inc.(1)    8.50     09/15/25       35,000       27,690  
Life Time, Inc.(1)    5.75     01/15/26       78,000       76,243  
Life Time, Inc.(1)    8.00     04/15/26       50,000       49,767  
Lindblad Expeditions Holdings, Inc.(1)    9.00     05/15/28       50,000       50,199  
Lindblad Expeditions LLC(1)    6.75     02/15/27       3,000       2,823  
NCL Corp. Ltd.(1)    3.63     12/15/24       34,000       31,914  
NCL Corp. Ltd.(1)    5.88     03/15/26       122,000       105,219  
NCL Corp. Ltd.(1)    5.88     02/15/27       90,000       84,981  
NCL Corp. Ltd.(1)    7.75     02/15/29       65,000       55,097  
NCL Corp. Ltd.(1)    8.38     02/01/28       71,000       71,498  
NCL Finance Ltd.(1)    6.13     03/15/28       22,000       17,786  

 

The accompanying notes are an integral part of these financial statements.

 

62

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
LEISURE TIME – 15.9% (Continued)                            
Royal Caribbean Cruises Ltd.   3.70     03/15/28     $ 50,000     $ 40,675  
Royal Caribbean Cruises Ltd.(1)    4.25     07/01/26       50,000       44,799  
Royal Caribbean Cruises Ltd.(1)    5.38     07/15/27       102,000       90,655  
Royal Caribbean Cruises Ltd.(1)    5.50     08/31/26       100,000       91,766  
Royal Caribbean Cruises Ltd.(1)    5.50     04/01/28       122,000       107,694  
Royal Caribbean Cruises Ltd.(1)    7.25     01/15/30       50,000       50,186  
Royal Caribbean Cruises Ltd.   7.50     10/15/27       2,000       1,895  
Royal Caribbean Cruises Ltd.(1)    8.25     01/15/29       40,000       42,157  
Royal Caribbean Cruises Ltd.(1)    9.25     01/15/29       145,000       154,827  
Royal Caribbean Cruises Ltd.(1)    11.50     06/01/25       148,000       157,265  
Royal Caribbean Cruises Ltd.(1)    11.63     08/15/27       100,000       106,478  
Viking Cruises Ltd.(1)    5.88     09/15/27       110,000       94,499  
Viking Cruises Ltd.(1)    7.00     02/15/29       50,000       42,297  
Viking Cruises Ltd.(1)    13.00     05/15/25       58,000       61,122  
Viking Ocean Cruises Ship VII Ltd.(1)    5.63     02/15/29       22,000       18,614  
VOC Escrow Ltd.(1)    5.00     02/15/28       50,000       44,519  
                          2,839,997  
LODGING – 11.7%                            
Boyd Gaming Corp.   4.75     12/01/27       90,000       86,939  
Boyd Gaming Corp.(1)    4.75     06/15/31       78,000       71,486  
Full House Resorts, Inc.(1)    8.25     02/15/28       33,000       30,422  
Genting New York LLC/GENNY Capital, Inc.(1)    3.30     02/15/26       50,000       45,477  
Hilton Domestic Operating Co., Inc.(1)    3.63     02/15/32       122,000       104,226  
Hilton Domestic Operating Co., Inc.(1)    3.75     05/01/29       75,000       67,681  
Hilton Domestic Operating Co., Inc.(1)    4.00     05/01/31       102,000       90,308  
Hilton Domestic Operating Co., Inc.   4.88     01/15/30       90,000       85,528  
Hilton Domestic Operating Co., Inc.(1)    5.38     05/01/25       40,000       39,977  
Hilton Domestic Operating Co., Inc.(1)    5.75     05/01/28       47,000       46,947  
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc(1)    4.88     07/01/31       50,000       43,789  
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc(1)    5.00     06/01/29       73,000       66,143  
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.   4.88     04/01/27       50,000       49,388  
Las Vegas Sands Corp.   2.90     06/25/25       45,000       42,660  
Las Vegas Sands Corp.   3.20     08/08/24       150,000       145,317  
Las Vegas Sands Corp.   3.50     08/18/26       90,000       84,659  
Las Vegas Sands Corp.   3.90     08/08/29       67,000       61,199  
Marriott Ownership Resorts, Inc.(1)    4.50     06/15/29       72,000       62,935  
MGM Resorts International   4.63     09/01/26       50,000       47,884  
MGM Resorts International   4.75     10/15/28       50,000       46,804  
MGM Resorts International   5.50     04/15/27       83,000       81,304  
MGM Resorts International   5.75     06/15/25       50,000       49,928  
MGM Resorts International   6.75     05/01/25       52,000       52,553  
Station Casinos LLC(1)    4.50     02/15/28       66,000       60,761  
Station Casinos LLC(1)    4.63     12/01/31       40,000       34,287  
Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp.(1)    5.88     05/15/25       2,000       1,942  
Travel + Leisure Co.(1)    4.50     12/01/29       50,000       43,675  
Travel + Leisure Co.(1)    4.63     03/01/30       22,000       19,001  

 

The accompanying notes are an integral part of these financial statements.

 

63

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
LODGING – 11.7% (Continued)                            
Travel + Leisure Co.(1)    6.63     07/31/26     $ 162,000     $ 161,828  
Wyndham Hotels & Resorts, Inc.(1)    4.38     08/15/28       50,000       46,541  
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.(1)    5.25     05/15/27       83,000       79,921  
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.(1)    5.50     03/01/25       152,000       150,074  
                          2,101,584  
MISCELLANEOUS MANUFACTURER – 0.3%                            
Gates Global LLC/Gates Corp.(1)    6.25     01/15/26       50,000       49,563  
                             
REAL ESTATE – 3.4%                            
Cushman & Wakefield US Borrower LLC(1)    6.75     05/15/28       61,000       57,005  
Five Point Operating Co. LP/Five Point Capital Corp.(1)    7.88     11/15/25       61,000       55,148  
Greystar Real Estate Partners LLC(1)    5.75     12/01/25       56,000       54,835  
Howard Hughes Corp.(1)    4.13     02/01/29       52,000       43,784  
Howard Hughes Corp.(1)    4.38     02/01/31       50,000       40,564  
Howard Hughes Corp.(1)    5.38     08/01/28       77,000       69,605  
Hunt Cos, Inc.(1)    5.25     04/15/29       51,000       39,371  
Kennedy-Wilson, Inc.   4.75     03/01/29       34,000       27,198  
Kennedy-Wilson, Inc.   4.75     02/01/30       128,000       99,203  
Realogy Group LLC/Realogy Co.-Issuer Corp.(1)    5.25     04/15/30       95,000       67,817  
Realogy Group LLC/Realogy Co.-Issuer Corp.(1)    5.75     01/15/29       83,000       61,719  
                          616,249  
RETAIL – 15.9%                            
Abercrombie & Fitch Management Co.(1)    8.75     07/15/25       28,000       28,454  
Academy Ltd.(1)    6.00     11/15/27       28,000       27,535  
Asbury Automotive Group, Inc.   4.50     03/01/28       50,000       45,479  
Asbury Automotive Group, Inc.(1)    4.63     11/15/29       100,000       89,120  
Asbury Automotive Group, Inc.(1)    5.00     02/15/32       51,000       43,993  
At Home Group, Inc.(1)    4.88     07/15/28       22,000       14,311  
At Home Group, Inc.(1)    7.13     07/15/29       50,000       28,045  
Bath & Body Works, Inc.   5.25     02/01/28       77,000       73,723  
Bath & Body Works, Inc.(1)    6.63     10/01/30       77,000       74,005  
Bath & Body Works, Inc.   6.75     07/01/36       50,000       44,570  
Bath & Body Works, Inc.   6.88     11/01/35       95,000       86,113  
Bath & Body Works, Inc.   6.95     03/01/33       40,000       35,333  
Bath & Body Works, Inc.   7.50     06/15/29       50,000       50,863  
Carvana Co.(1)    4.88     09/01/29       51,000       20,597  
Carvana Co.(1)    5.50     04/15/27       65,000       28,050  
Carvana Co.(1)    5.63     10/01/25       30,000       19,217  
Carvana Co.(1)    5.88     10/01/28       31,000       12,892  
Carvana Co.(1)    10.25     05/01/30       270,000       148,292  
Evergreen Acqco 1 LP/TVI, Inc.(1)    9.75     04/26/28       50,000       50,114  
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.(1)    4.63     01/15/29       78,000       68,365  
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.(1)    6.75     01/15/30       122,000       98,941  
Foot Locker, Inc.(1)    4.00     10/01/29       34,000       28,799  
Gap, Inc.(1)    3.63     10/01/29       67,000       47,511  
Gap, Inc.(1)    3.88     10/01/31       67,000       46,879  

 

The accompanying notes are an integral part of these financial statements.

 

64

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
RETAIL – 15.9% (Continued)                            
Group 1 Automotive, Inc.(1)    4.00     08/15/28     $ 72,000     $ 63,961  
Guitar Center, Inc.(1)    8.50     01/15/26       50,000       44,291  
Ken Garff Automotive LLC(1)    4.88     09/15/28       3,000       2,623  
Kohl’s Corp.   4.25     07/17/25       25,000       23,393  
Kohl’s Corp.   4.63     05/01/31       42,000       28,689  
Kohl’s Corp.   5.55     07/17/45       44,000       25,689  
LCM Investments Holdings II LLC(1)    4.88     05/01/29       95,000       81,084  
Lithia Motors, Inc.(1)    3.88     06/01/29       97,000       84,102  
Lithia Motors, Inc.(1)    4.38     01/15/31       50,000       42,986  
Lithia Motors, Inc.(1)    4.63     12/15/27       10,000       9,337  
LSF9 Atlantis Holdings LLC/Victra Finance Corp.(1)    7.75     02/15/26       78,000       73,213  
Macy’s Retail Holdings LLC   4.50     12/15/34       40,000       28,731  
Macy’s Retail Holdings LLC   5.13     01/15/42       23,000       15,166  
Macy’s Retail Holdings LLC(1)    5.88     04/01/29       75,000       68,770  
Macy’s Retail Holdings LLC(1)    6.13     03/15/32       50,000       43,818  
Michaels Cos, Inc.(1)    5.25     05/01/28       83,000       68,458  
Michaels Cos, Inc.(1)    7.88     05/01/29       107,000       71,825  
NMG Holding Co., Inc./Neiman Marcus Group LLC(1)    7.13     04/01/26       100,000       93,027  
Nordstrom, Inc.   4.00     03/15/27       66,000       56,802  
Nordstrom, Inc.   4.25     08/01/31       40,000       29,749  
Nordstrom, Inc.   4.38     04/01/30       22,000       17,235  
Nordstrom, Inc.   5.00     01/15/44       84,000       52,634  
Nordstrom, Inc.   6.95     03/15/28       28,000       27,055  
Penske Automotive Group, Inc.   3.50     09/01/25       50,000       47,835  
Penske Automotive Group, Inc.   3.75     06/15/29       50,000       43,544  
PetSmart, Inc./PetSmart Finance Corp.(1)    4.75     02/15/28       102,000       96,523  
PetSmart, Inc./PetSmart Finance Corp.(1)    7.75     02/15/29       100,000       98,704  
QVC, Inc.   4.38     09/01/28       50,000       24,667  
QVC, Inc.   4.45     02/15/25       50,000       36,812  
QVC, Inc.   4.75     02/15/27       83,000       42,018  
QVC, Inc.   5.45     08/15/34       28,000       12,071  
QVC, Inc.   5.95     03/15/43       22,000       9,155  
Sally Holdings LLC/Sally Capital, Inc.   5.63     12/01/25       52,000       51,425  
Sonic Automotive, Inc.(1)    4.63     11/15/29       50,000       42,002  
Sonic Automotive, Inc.(1)    4.88     11/15/31       50,000       40,424  
Victoria’s Secret & Co.(1)    4.63     07/15/29       50,000       40,490  
                          2,849,509  
SOFTWARE – 0.2%                            
CWT Travel Group, Inc.(1)    8.50     11/19/26       61,000       43,316  
                             
TEXTILES – 0.3%                            
Eagle Intermediate Global Holding BV/Eagle US Finance LLC(1)    7.50     05/01/25       71,000       46,061  
                             
TOTAL CORPORATE BONDS (Cost - $17,526,808)                         17,403,050  

 

The accompanying notes are an integral part of these financial statements.

 

65

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
SHORT-TERM INVESTMENTS – 1.3%                            
GOVERNMENT OBLIGATIONS – 0.7%                            
U.S. Treasury Bill   ZCP     07/11/23     $ 125,000     $ 123,801  
                             
TIME DEPOSITS – 0.6%                            
JP Morgan Chase, New York   4.18     05/01/23       112,884       112,884  
TOTAL SHORT-TERM INVESTMENTS (Cost - $236,738)                         236,685  
                             
TOTAL INVESTMENTS – 98.5% (Cost - $17,763,546)                       $ 17,639,735  
OTHER ASSETS LESS LIABILITIES – 1.5%                         260,566  
NET ASSETS – 100.0%                       $ 17,900,301  

 

ZCP Indicates a zero coupon rate.

 

(1)  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that Rule except to qualified institutional buyers. The aggregate value of Rule 144A holdings at April 30, 2023, amounts to $12,583,767 and represents 70.3% of net assets. These securities have been deemed liquid under procedures approved by the Trust’s Board of Trustees.
(2)  Security is perpetual in nature and has no stated maturity date.

 

The accompanying notes are an integral part of these financial statements.

 

66

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF
Portfolio of Investments
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
CORPORATE BONDS – 98.4%                            
AGRICULTURE – 2.8%                            
Darling Ingredients, Inc.(1)    5.25     04/15/27     $ 38,000     $ 37,292  
Darling Ingredients, Inc.(1)    6.00     06/15/30       62,000       61,392  
Turning Point Brands, Inc.(1)    5.63     02/15/26       20,000       18,391  
Vector Group Ltd.(1)    5.75     02/01/29       60,000       53,732  
Vector Group Ltd.(1)    10.50     11/01/26       39,000       39,317  
                          210,124  
BEVERAGES – 1.0%                            
Primo Water Holdings, Inc.(1)    4.38     04/30/29       47,000       41,493  
Triton Water Holdings, Inc.(1)    6.25     04/01/29       42,000       35,318  
                          76,811  
BUILDING MATERIALS – 0.3%                            
Victors Merger Corp.(1)    6.38     05/15/29       39,000       23,750  
                             
CHEMICALS – 1.0%                            
Cerdia Finanz GmbH(1)    10.50     02/15/27       40,000       38,100  
Diamond BC BV(1)    4.63     10/01/29       38,000       37,371  
                          75,471  
COMMERCIAL SERVICES – 0.3%                            
Legends Hospitality Holding Co. LLC/Legends Hospitality Co.-Issuer, Inc.(1)    5.00     02/01/26       22,000       19,931  
                             
COSMETICS/PERSONAL CARE – 3.0%                            
Coty, Inc.(1)    5.00     04/15/26       60,000       58,654  
Coty, Inc.(1)    6.50     04/15/26       30,000       29,962  
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC(1)    4.75     01/15/29       35,000       32,895  
Edgewell Personal Care Co.(1)    4.13     04/01/29       38,000       33,701  
Edgewell Personal Care Co.(1)    5.50     06/01/28       42,000       40,255  
Oriflame Investment Holding PLC(1)    5.13     05/04/26       40,000       23,920  
                          219,387  
ELECTRIC – 26.3%                            
Algonquin Power & Utilities Corp.   4.75     01/18/82       47,000       38,065  
Atlantica Sustainable Infrastructure PLC(1)    4.13     06/15/28       27,000       24,662  
Calpine Corp.(1)    3.75     03/01/31       61,000       52,103  
Calpine Corp.(1)    4.50     02/15/28       81,000       75,565  
Calpine Corp.(1)    4.63     02/01/29       40,000       34,804  
Calpine Corp.(1)    5.00     02/01/31       60,000       50,616  
Calpine Corp.(1)    5.13     03/15/28       100,000       92,501  
Calpine Corp.(1)    5.25     06/01/26       27,000       26,298  
Clearway Energy Operating LLC(1)    3.75     02/15/31       60,000       51,413  
Clearway Energy Operating LLC(1)    3.75     01/15/32       21,000       17,637  
Clearway Energy Operating LLC(1)    4.75     03/15/28       60,000       56,970  
DPL, Inc.   4.13     07/01/25       37,000       35,614  
DPL, Inc.   4.35     04/15/29       17,000       15,340  
Drax FinCo. PLC(1)    6.63     11/01/25       38,000       37,105  
Edison International   8.13     06/15/53       35,000       36,094  

 

The accompanying notes are an integral part of these financial statements.

 

67

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
ELECTRIC – 26.3% (Continued)                            
Emera, Inc.   6.75     06/15/76     $ 80,000     $ 76,493  
FirstEnergy Corp.   1.60     01/15/26       25,000       22,992  
FirstEnergy Corp.   2.05     03/01/25       15,000       14,208  
FirstEnergy Corp.   2.25     09/01/30       25,000       20,658  
FirstEnergy Corp.   2.65     03/01/30       40,000       34,590  
FirstEnergy Corp.   3.40     03/01/50       60,000       42,114  
FirstEnergy Corp.   4.15     07/15/27       102,000       99,341  
FirstEnergy Corp.   5.10     07/15/47       42,000       38,811  
FirstEnergy Corp.   7.38     11/15/31       40,000       45,555  
Leeward Renewable Energy Operations LLC(1)    4.25     07/01/29       21,000       18,921  
NextEra Energy Operating Partners LP(1)    3.88     10/15/26       38,000       35,635  
NextEra Energy Operating Partners LP(1)    4.25     07/15/24       42,000       41,436  
NextEra Energy Operating Partners LP(1)    4.50     09/15/27       39,000       36,724  
NRG Energy, Inc.(1)    3.38     02/15/29       41,000       34,756  
NRG Energy, Inc.(1)    3.63     02/15/31       62,000       50,278  
NRG Energy, Inc.(1)    3.88     02/15/32       75,000       60,655  
NRG Energy, Inc.(1)    5.25     06/15/29       42,000       38,790  
NRG Energy, Inc.   5.75     01/15/28       85,000       82,978  
Pattern Energy Operations LP/Pattern Energy Operations, Inc.(1)    4.50     08/15/28       41,000       38,180  
PG&E Corp.   5.00     07/01/28       67,000       63,135  
PG&E Corp.   5.25     07/01/30       67,000       61,816  
TransAlta Corp.   6.50     03/15/40       20,000       18,711  
TransAlta Corp.   7.75     11/15/29       27,000       28,385  
Vistra Operations Co. LLC(1)    4.38     05/01/29       81,000       72,492  
Vistra Operations Co. LLC(1)    5.00     07/31/27       82,000       78,058  
Vistra Operations Co. LLC(1)    5.50     09/01/26       77,000       75,571  
Vistra Operations Co. LLC(1)    5.63     02/15/27       82,000       80,108  
                          1,956,178  
ELECTRICAL COMPONENTS & EQUIPMENT – 1.4%                            
Energizer Holdings, Inc.(1)    4.38     03/31/29       58,000       50,769  
Energizer Holdings, Inc.(1)    4.75     06/15/28       40,000       36,018  
Energizer Holdings, Inc.(1)    6.50     12/31/27       15,000       14,647  
                          101,434  
ENERGY-ALTERNATE SOURCES – 2.0%                            
Sunnova Energy Corp.(1)    5.88     09/01/26       27,000       24,506  
TerraForm Power Operating LLC(1)    4.75     01/15/30       42,000       39,001  
TerraForm Power Operating LLC(1)    5.00     01/31/28       47,000       45,054  
Topaz Solar Farms LLC(1)    5.75     09/30/39       39,248       38,753  
                          147,314  
FOOD – 24.6%                            
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1)    3.25     03/15/26       58,000       54,614  
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1)    3.50     03/15/29       98,000       86,933  
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1)    4.63     01/15/27       98,000       94,877  
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1)    4.88     02/15/30       62,000       57,898  
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1)    5.88     02/15/28       42,000       41,631  
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1)    6.50     02/15/28       40,000       40,542  
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1)    7.50     03/15/26       40,000       41,353  

 

The accompanying notes are an integral part of these financial statements.

 

68

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
FOOD – 24.6% (Continued)                            
Aragvi Finance International DAC(1)    8.45     04/29/26     $ 38,000     $ 26,220  
B&G Foods, Inc.   5.25     04/01/25       61,000       57,702  
B&G Foods, Inc.   5.25     09/15/27       39,000       34,211  
C&S Group Enterprises LLC(1)    5.00     12/15/28       22,000       17,388  
Chobani LLC/Chobani Finance Corp., Inc.(1)    4.63     11/15/28       22,000       20,208  
Chobani LLC/Chobani Finance Corp., Inc.(1)    7.50     04/15/25       39,000       38,283  
FAGE International SA/FAGE USA Dairy Industry, Inc.(1)    5.63     08/15/26       20,000       18,700  
H-Food Holdings LLC/Hearthside Finance Co., Inc.(1)    8.50     06/01/26       20,000       12,443  
Ingles Markets, Inc.(1)    4.00     06/15/31       21,000       18,160  
Lamb Weston Holdings, Inc.(1)    4.13     01/31/30       80,000       73,349  
Lamb Weston Holdings, Inc.(1)    4.38     01/31/32       40,000       36,530  
Lamb Weston Holdings, Inc.(1)    4.88     05/15/28       22,000       21,609  
Performance Food Group, Inc.(1)    4.25     08/01/29       62,000       56,498  
Performance Food Group, Inc.(1)    5.50     10/15/27       97,000       95,162  
Pilgrim’s Pride Corp.   3.50     03/01/32       60,000       48,357  
Pilgrim’s Pride Corp.   4.25     04/15/31       65,000       56,600  
Pilgrim’s Pride Corp.(1)    5.88     09/30/27       60,000       59,770  
Pilgrim’s Pride Corp.   6.25     07/01/33       55,000       54,475  
Post Holdings, Inc.(1)    4.50     09/15/31       81,000       70,954  
Post Holdings, Inc.(1)    4.63     04/15/30       98,000       88,603  
Post Holdings, Inc.(1)    5.50     12/15/29       80,000       76,163  
Post Holdings, Inc.(1)    5.63     01/15/28       62,000       60,668  
Post Holdings, Inc.(1)    5.75     03/01/27       26,000       25,881  
Safeway, Inc.   7.25     02/01/31       20,000       20,300  
SEG Holding LLC/SEG Finance Corp.(1)    5.63     10/15/28       20,000       19,042  
Sigma Holdco BV(1)    7.88     05/15/26       37,000       29,726  
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed(1)    4.63     03/01/29       60,000       49,636  
TreeHouse Foods, Inc.   4.00     09/01/28       33,000       29,236  
United Natural Foods, Inc.(1)    6.75     10/15/28       38,000       36,104  
US Foods, Inc.(1)    4.63     06/01/30       38,000       34,786  
US Foods, Inc.(1)    4.75     02/15/29       55,000       51,210  
US Foods, Inc.(1)    6.25     04/15/25       67,000       67,451  
                          1,823,273  
GAS – 2.2%                            
AmeriGas Partners LP/AmeriGas Finance Corp.   5.50     05/20/25       46,000       44,731  
AmeriGas Partners LP/AmeriGas Finance Corp.   5.63     05/20/24       42,000       41,751  
AmeriGas Partners LP/AmeriGas Finance Corp.   5.75     05/20/27       38,000       35,929  
AmeriGas Partners LP/AmeriGas Finance Corp.   5.88     08/20/26       42,000       40,557  
                          162,968  
HOME FURNISHINGS – 1.2%                            
Tempur Sealy International, Inc.(1)    3.88     10/15/31       55,000       45,675  
Tempur Sealy International, Inc.(1)    4.00     04/15/29       52,000       45,547  
                          91,222  

 

The accompanying notes are an integral part of these financial statements.

 

69

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
HOUSEHOLD PRODUCTS/WARES – 3.5%                            
ACCO Brands Corp.(1)    4.25     03/15/29     $ 40,000     $ 33,750  
Central Garden & Pet Co.   4.13     10/15/30       38,000       32,613  
Central Garden & Pet Co.(1)    4.13     04/30/31       22,000       18,556  
Central Garden & Pet Co.   5.13     02/01/28       20,000       18,965  
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc.(1)    5.00     12/31/26       32,000       29,645  
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc.(1)    7.00     12/31/27       35,000       30,799  
Spectrum Brands, Inc.(1)    3.88     03/15/31       33,000       27,098  
Spectrum Brands, Inc.(1)    5.00     10/01/29       25,000       22,657  
Spectrum Brands, Inc.(1)    5.50     07/15/30       20,000       18,450  
Spectrum Brands, Inc.   5.75     07/15/25       28,000       27,780  
                          260,313  
HOUSEWARES – 5.9%                            
American Greetings Corp.(1)    8.75     04/15/25       3,000       2,962  
CD&R Smokey Buyer, Inc.(1)    6.75     07/15/25       47,000       41,477  
Newell Brands, Inc.   4.70     04/01/26       133,000       127,153  
Newell Brands, Inc.   4.88     06/01/25       33,000       32,159  
Newell Brands, Inc.   5.88     04/01/36       27,000       22,953  
Newell Brands, Inc.   6.00     04/01/46       45,000       35,100  
Newell Brands, Inc.   6.38     09/15/27       34,000       33,575  
Newell Brands, Inc.   6.63     09/15/29       33,000       32,660  
Scotts Miracle-Gro Co.   4.00     04/01/31       25,000       20,223  
Scotts Miracle-Gro Co.   4.38     02/01/32       30,000       24,275  
Scotts Miracle-Gro Co.   4.50     10/15/29       50,000       43,341  
SWF Escrow Issuer Corp.(1)    6.50     10/01/29       40,000       24,444  
                          440,322  
LEISURE TIME – 0.8%                            
MajorDrive Holdings IV LLC(1)    6.38     06/01/29       39,000       30,845  
Vista Outdoor, Inc.(1)    4.50     03/15/29       38,000       29,941  
                          60,786  
PHARMACEUTICALS – 1.8%                            
BellRing Brands, Inc.(1)    7.00     03/15/30       60,000       61,523  
Herbalife Nutrition Ltd./HLF Financing, Inc.(1)    7.88     09/01/25       41,000       39,299  
HLF Financing Sarl LLC/Herbalife International, Inc.(1)    4.88     06/01/29       40,000       30,660  
                          131,482  
RETAIL – 18.3%                            
1011778 BC ULC/New Red Finance, Inc.(1)    3.50     02/15/29       48,000       43,200  
1011778 BC ULC/New Red Finance, Inc.(1)    3.88     01/15/28       102,000       95,811  
1011778 BC ULC/New Red Finance, Inc.(1)    4.00     10/15/30       198,000       173,029  
1011778 BC ULC/New Red Finance, Inc.(1)    4.38     01/15/28       47,000       43,997  
1011778 BC ULC/New Red Finance, Inc.(1)    5.75     04/15/25       33,000       33,108  
99 Escrow Issuer, Inc.(1)    7.50     01/15/26       20,000       7,838  
Arko Corp.(1)    5.13     11/15/29       27,000       21,902  
Bloomin’ Brands, Inc./OSI Restaurant Partners LLC(1)    5.13     04/15/29       20,000       18,061  
Brinker International, Inc.(1)    5.00     10/01/24       21,000       20,582  
Carrols Restaurant Group, Inc.(1)    5.88     07/01/29       20,000       16,573  
CEC Entertainment LLC(1)    6.75     05/01/26       42,000       39,963  

 

The accompanying notes are an integral part of these financial statements.

 

70

 

 

BONDBLOXX ETF TRUST

 

BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
RETAIL – 18.3% (Continued)                            
Dave & Buster’s, Inc.(1)    7.63     11/01/25     $ 27,000     $ 27,478  
eG Global Finance PLC(1)    6.75     02/07/25       53,000       50,281  
eG Global Finance PLC(1)    8.50     10/30/25       40,000       38,163  
Ferrellgas LP/Ferrellgas Finance Corp.(1)    5.38     04/01/26       40,000       37,330  
Ferrellgas LP/Ferrellgas Finance Corp.(1)    5.88     04/01/29       59,000       49,910  
GPS Hospitality Holding Co. LLC/GPS FinCo., Inc.(1)    7.00     08/15/28       21,000       12,462  
IRB Holding Corp.(1)    7.00     06/15/25       47,000       47,623  
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC(1)    4.75     06/01/27       53,000       52,218  
Marks & Spencer PLC(1)    7.13     12/01/37       20,000       18,738  
Murphy Oil USA, Inc.(1)    3.75     02/15/31       27,000       23,126  
Murphy Oil USA, Inc.   4.75     09/15/29       40,000       37,155  
Murphy Oil USA, Inc.   5.63     05/01/27       20,000       19,735  
Papa John’s International, Inc.(1)    3.88     09/15/29       22,000       19,029  
Rite Aid Corp.(1)    8.00     11/15/26       80,000       43,358  
Sizzling Platter LLC/Sizzling Platter Finance Corp.(1)    8.50     11/28/25       25,000       23,152  
Suburban Propane Partners LP/Suburban Energy Finance Corp.(1)    5.00     06/01/31       42,000       36,822  
Suburban Propane Partners LP/Suburban Energy Finance Corp.   5.88     03/01/27       25,000       24,405  
Yum! Brands, Inc.   3.63     03/15/31       68,000       60,153  
Yum! Brands, Inc.   4.63     01/31/32       73,000       68,153  
Yum! Brands, Inc.(1)    4.75     01/15/30       54,000       52,286  
Yum! Brands, Inc.   5.35     11/01/43       30,000       26,563  
Yum! Brands, Inc.   5.38     04/01/32       65,000       63,462  
Yum! Brands, Inc.   6.88     11/15/37       10,000       10,696  
                          1,356,362  
TOYS/GAMES/HOBBIES – 2.0%                            
Mattel, Inc.(1)    3.38     04/01/26       40,000       37,875  
Mattel, Inc.(1)    3.75     04/01/29       40,000       36,147  
Mattel, Inc.   5.45     11/01/41       20,000       17,804  
Mattel, Inc.(1)    5.88     12/15/27       40,000       40,085  
Mattel, Inc.   6.20     10/01/40       20,000       18,996  
                          150,907  
TOTAL CORPORATE BONDS (Cost - $7,417,389)                         7,308,035  
                             
SHORT-TERM INVESTMENTS – 0.6%                            
TIME DEPOSITS – 0.6%                            
JP Morgan Chase, New York   4.18     05/01/23       43,838       43,838  
TOTAL SHORT-TERM INVESTMENTS (Cost - $43,838)                         43,838  
                             
TOTAL INVESTMENTS – 99.0% (Cost - $7,461,227)                       $ 7,351,873  
OTHER ASSETS LESS LIABILITIES – 1.0%                         73,740  
NET ASSETS – 100.0%                       $ 7,425,613  

 

(1)  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that Rule except to qualified institutional buyers. The aggregate value of Rule 144A holdings at April 30, 2023, amounts to $5,271,367 and represents 71.0% of net assets. These securities have been deemed liquid under procedures approved by the Trust’s Board of Trustees.

 

The accompanying notes are an integral part of these financial statements.

 

71

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
CORPORATE BONDS – 98.3%                            
ADVERTISING – 1.2%                            
Advantage Sales & Marketing, Inc.(1)    6.50     11/15/28     $ 25,000     $ 19,476  
Clear Channel Outdoor Holdings, Inc.(1)    5.13     08/15/27       45,000       40,709  
Outfront Media Capital LLC/Outfront Media Capital Corp.(1)    4.25     01/15/29       10,000       8,574  
Outfront Media Capital LLC/Outfront Media Capital Corp.(1)    4.63     03/15/30       15,000       12,678  
Outfront Media Capital LLC/Outfront Media Capital Corp.(1)    5.00     08/15/27       25,000       23,114  
Stagwell Global LLC(1)    5.63     08/15/29       25,000       21,757  
Summer BC Bidco B LLC(1)    5.50     10/31/26       10,000       8,401  
                          134,709  
AEROSPACE/DEFENSE – 3.7%                            
Bombardier, Inc.(1)    6.00     02/15/28       30,000       28,486  
Bombardier, Inc.(1)    7.13     06/15/26       25,000       24,948  
Bombardier, Inc.(1)    7.50     03/15/25       11,000       11,015  
Bombardier, Inc.(1)    7.50     02/01/29       25,000       24,616  
Bombardier, Inc.(1)    7.88     04/15/27       50,000       49,910  
Spirit AeroSystems, Inc.(1)    7.50     04/15/25       35,000       34,821  
TransDigm, Inc.   4.63     01/15/29       25,000       22,656  
TransDigm, Inc.   4.88     05/01/29       20,000       18,198  
TransDigm, Inc.   5.50     11/15/27       50,000       48,063  
TransDigm, Inc.(1)    6.25     03/15/26       70,000       70,440  
TransDigm, Inc.   6.38     06/15/26       15,000       15,001  
TransDigm, Inc.(1)    6.75     08/15/28       25,000       25,420  
TransDigm, Inc.   7.50     03/15/27       25,000       25,160  
Triumph Group, Inc.(1)    9.00     03/15/28       30,000       30,449  
                          429,183  
AIRLINES – 1.1%                            
American Airlines, Inc.(1)    11.75     07/15/25       75,000       82,594  
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.(1)    5.75     01/20/26       35,000       32,640  
United Airlines Holdings, Inc.   4.88     01/15/25       10,000       9,844  
                          125,078  
APPAREL – 0.4%                            
Crocs, Inc.(1)    4.13     08/15/31       15,000       12,680  
Hanesbrands, Inc.(1)    4.88     05/15/26       20,000       18,872  
Hanesbrands, Inc.(1)    9.00     02/15/31       15,000       15,372  
                          46,924  
AUTO MANUFACTURERS – 0.8%                            
Jaguar Land Rover Automotive PLC(1)    5.88     01/15/28       10,000       8,658  
Jaguar Land Rover Automotive PLC(1)    7.75     10/15/25       50,000       49,708  
JB Poindexter & Co., Inc.(1)    7.13     04/15/26       15,000       14,494  
Wabash National Corp.(1)    4.50     10/15/28       20,000       17,427  
                          90,287  

 

The accompanying notes are an integral part of these financial statements.

 

72

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
AUTO PARTS & EQUIPMENT – 1.7%                            
Adient Global Holdings Ltd.(1)    4.88     08/15/26     $ 25,000     $ 24,065  
American Axle & Manufacturing, Inc.   5.00     10/01/29       20,000       16,625  
American Axle & Manufacturing, Inc.   6.50     04/01/27       15,000       13,923  
Clarios Global LP/Clarios US Finance Co.(1)    6.25     05/15/26       30,000       29,895  
Clarios Global LP/Clarios US Finance Co.(1)    6.75     05/15/28       20,000       20,101  
Goodyear Tire & Rubber Co.   4.88     03/15/27       10,000       9,460  
Goodyear Tire & Rubber Co.   5.00     05/31/26       25,000       24,319  
Goodyear Tire & Rubber Co.   5.25     04/30/31       15,000       13,025  
Goodyear Tire & Rubber Co.   5.25     07/15/31       20,000       17,268  
Goodyear Tire & Rubber Co.   5.63     04/30/33       10,000       8,665  
Goodyear Tire & Rubber Co.   9.50     05/31/25       25,000       25,631  
                          202,977  
BANKS – 0.4%                            
Freedom Mortgage Corp.(1)    6.63     01/15/27       20,000       16,221  
Freedom Mortgage Corp.(1)    7.63     05/01/26       25,000       21,408  
Freedom Mortgage Corp.(1)    8.13     11/15/24       15,000       14,466  
                          52,095  
BEVERAGES – 0.2%                            
Primo Water Holdings, Inc.(1)    4.38     04/30/29       30,000       26,485  
                             
BIOTECHNOLOGY – 0.1%                            
Grifols Escrow Issuer SA(1)    4.75     10/15/28       20,000       16,057  
                             
BUILDING MATERIALS – 0.9%                            
Camelot Return Merger Sub, Inc.(1)    8.75     08/01/28       20,000       18,975  
Eco Material Technologies, Inc.(1)    7.88     01/31/27       15,000       14,419  
Griffon Corp.   5.75     03/01/28       30,000       27,712  
JELD-WEN, Inc.(1)    4.63     12/15/25       10,000       9,665  
JELD-WEN, Inc.(1)    4.88     12/15/27       10,000       8,764  
MIWD Holdco II LLC/MIWD Finance Corp.(1)    5.50     02/01/30       5,000       4,206  
New Enterprise Stone & Lime Co., Inc.(1)    5.25     07/15/28       15,000       13,441  
PGT Innovations, Inc.(1)    4.38     10/01/29       5,000       4,538  
                          101,720  
CHEMICALS – 2.7%                            
ASP Unifrax Holdings, Inc.(1)    5.25     09/30/28       25,000       20,625  
Axalta Coating Systems LLC(1)    3.38     02/15/29       15,000       12,985  
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV(1)    4.75     06/15/27       15,000       14,505  
Cerdia Finanz GmbH(1)    10.50     02/15/27       20,000       19,050  
Cornerstone Chemical Co.(1)    10.25     09/01/27       10,000       8,913  
CVR Partners LP/CVR Nitrogen Finance Corp.(1)    6.13     06/15/28       15,000       13,558  
Diamond BC BV(1)    4.63     10/01/29       15,000       14,752  
Mativ Holdings, Inc.(1)    6.88     10/01/26       10,000       9,127  
Olympus Water US Holding Corp.(1)    4.25     10/01/28       20,000       17,080  
Rain CII Carbon LLC/CII Carbon Corp.(1)    7.25     04/01/25       20,000       19,405  
Rayonier AM Products, Inc.(1)    7.63     01/15/26       10,000       8,911  
SCIH Salt Holdings, Inc.(1)    4.88     05/01/28       30,000       27,040  
SCIL IV LLC/SCIL USA Holdings LLC(1)    5.38     11/01/26       20,000       18,431  

 

The accompanying notes are an integral part of these financial statements.

 

73

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
CHEMICALS – 2.7% (Continued)                            
SK Invictus Intermediate II Sarl(1)    5.00     10/30/29     $ 15,000     $ 12,785  
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc.(1)    5.13     04/01/29       15,000       9,314  
Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc.(1)    5.38     09/01/25       10,000       8,392  
Tronox, Inc.(1)    4.63     03/15/29       30,000       24,933  
Valvoline, Inc.(1)    3.63     06/15/31       10,000       8,324  
Valvoline, Inc.(1)    4.25     02/15/30       15,000       14,719  
WR Grace Holdings LLC(1)    5.63     08/15/29       30,000       25,906  
                          308,755  
COMMERCIAL SERVICES – 5.5%                            
Albion Financing 2Sarl(1)    8.75     04/15/27       15,000       13,109  
Allied Universal Holdco LLC/Allied Universal Finance Corp.(1)    6.63     07/15/26       50,000       48,265  
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl(1)    4.63     06/01/28       45,000       39,139  
APi Group DE, Inc.(1)    4.13     07/15/29       15,000       12,993  
APX Group, Inc.(1)    5.75     07/15/29       20,000       17,889  
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.(1)    5.38     03/01/29       25,000       22,702  
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.(1)    5.75     07/15/27       25,000       23,720  
Carriage Services, Inc.(1)    4.25     05/15/29       10,000       8,298  
CoreLogic, Inc.(1)    4.50     05/01/28       20,000       16,371  
Garda World Security Corp.(1)    4.63     02/15/27       15,000       13,799  
Herc Holdings, Inc.(1)    5.50     07/15/27       35,000       33,482  
Hertz Corp.(1)    4.63     12/01/26       15,000       13,525  
Hertz Corp.(1)    5.00     12/01/29       25,000       20,476  
Legends Hospitality Holding Co. LLC/Legends Hospitality Co.-Issuer, Inc.(1)    5.00     02/01/26       10,000       9,060  
MoneyGram International, Inc.(1)    5.38     08/01/26       10,000       9,963  
MPH Acquisition Holdings LLC(1)    5.50     09/01/28       25,000       19,136  
Neptune Bidco US, Inc.(1)    9.29     04/15/29       50,000       47,109  
NESCO Holdings II, Inc.(1)    5.50     04/15/29       35,000       31,657  
Nielsen Finance LLC/Nielsen Finance Co.(1)    4.75     07/15/31       25,000       11,669  
Nielsen Finance LLC/Nielsen Finance Co.(1)    5.63     10/01/28       30,000       12,219  
Paysafe Finance PLC/Paysafe Holdings US Corp.(1)    4.00     06/15/29       20,000       15,650  
Prime Security Services Borrower LLC/Prime Finance, Inc.(1)    6.25     01/15/28       35,000       32,816  
PROG Holdings, Inc.(1)    6.00     11/15/29       20,000       18,019  
Sabre GLBL, Inc.(1)    7.38     09/01/25       25,000       22,244  
Sabre GLBL, Inc.(1)    9.25     04/15/25       20,000       18,470  
Sotheby’s(1)    7.38     10/15/27       30,000       28,169  
StoneMor, Inc.(1)    8.50     05/15/29       10,000       8,270  
Upbound Group, Inc.(1)    6.38     02/15/29       5,000       4,395  
WASH Multifamily Acquisition, Inc.(1)    5.75     04/15/26       25,000       23,464  
Williams Scotsman International, Inc.(1)    4.63     08/15/28       15,000       13,788  
Williams Scotsman International, Inc.(1)    6.13     06/15/25       10,000       9,963  
WW International, Inc.(1)    4.50     04/15/29       15,000       9,587  
ZipRecruiter, Inc.(1)    5.00     01/15/30       15,000       13,116  
                          642,532  

 

The accompanying notes are an integral part of these financial statements.

 

74

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
COMPUTERS – 0.7%                            
Conduent Business Services LLC/Conduent State & Local Solutions, Inc.(1)    6.00     11/01/29     $ 15,000     $ 12,343  
NCR Corp.(1)    5.00     10/01/28       25,000       21,831  
NCR Corp.(1)    5.13     04/15/29       40,000       34,644  
NCR Corp.(1)    5.25     10/01/30       15,000       12,626  
                          81,444  
COSMETICS/PERSONAL CARE – 0.3%                            
Coty, Inc.(1)    6.50     04/15/26       20,000       19,975  
Oriflame Investment Holding PLC(1)    5.13     05/04/26       15,000       8,970  
                          28,945  
DISTRIBUTION/WHOLESALE – 0.5%                            
G-III Apparel Group Ltd.(1)    7.88     08/15/25       10,000       9,420  
H&E Equipment Services, Inc.(1)    3.88     12/15/28       30,000       26,029  
Ritchie Bros Holdings, Inc.(1)    7.75     03/15/31       20,000       21,275  
                          56,724  
DIVERSIFIED FINANCIAL SERVICES – 2.1%                            
AG Issuer LLC(1)    6.25     03/01/28       15,000       13,958  
Castlelake Aviation Finance DAC(1)    5.00     04/15/27       10,000       8,854  
Coinbase Global, Inc.(1)    3.38     10/01/28       25,000       15,125  
Coinbase Global, Inc.(1)    3.63     10/01/31       25,000       13,993  
Enova International, Inc.(1)    8.50     09/15/25       20,000       19,211  
LFS Topco LLC(1)    5.88     10/15/26       20,000       17,571  
Nationstar Mortgage Holdings, Inc.(1)    5.13     12/15/30       25,000       20,500  
Nationstar Mortgage Holdings, Inc.(1)    5.75     11/15/31       25,000       20,816  
Nationstar Mortgage Holdings, Inc.(1)    6.00     01/15/27       20,000       18,975  
NFP Corp.(1)    4.88     08/15/28       15,000       13,667  
Oxford Finance LLC/Oxford Finance Co.-Issuer II, Inc.(1)    6.38     02/01/27       10,000       9,301  
PennyMac Financial Services, Inc.(1)    4.25     02/15/29       35,000       28,795  
PHH Mortgage Corp.(1)    7.88     03/15/26       10,000       8,997  
VistaJet Malta Finance PLC/XO Management Holding, Inc.(1)    6.38     02/01/30       30,000       25,987  
VistaJet Malta Finance PLC/XO Management Holding, Inc.(1)    7.88     05/01/27       10,000       9,510  
                          245,260  
ELECTRIC – 0.5%                            
Calpine Corp.(1)    5.00     02/01/31       25,000       21,090  
Calpine Corp.(1)    5.13     03/15/28       45,000       41,625  
                          62,715  
ELECTRICAL COMPONENTS & EQUIPMENT – 0.3%                            
Energizer Holdings, Inc.(1)    4.38     03/31/29       25,000       21,883  
Energizer Holdings, Inc.(1)    4.75     06/15/28       20,000       18,009  
                          39,892  
ELECTRONICS – 0.3%                            
Coherent Corp.(1)    5.00     12/15/29       30,000       27,040  
Likewize Corp.(1)    9.75     10/15/25       10,000       8,949  
                          35,989  

 

The accompanying notes are an integral part of these financial statements.

 

75

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
ENERGY-ALTERNATE SOURCES – 0.2%                            
Enviva Partners LP/Enviva Partners Finance Corp.(1)    6.50     01/15/26     $ 20,000     $ 17,080  
Sunnova Energy Corp.(1)    5.88     09/01/26       10,000       9,076  
                          26,156  
ENGINEERING & CONSTRUCTION – 0.3%                            
Brundage-Bone Concrete Pumping Holdings, Inc.(1)    6.00     02/01/26       10,000       9,410  
HTA Group Ltd./Mauritius(1)    7.00     12/18/25       20,000       18,886  
Promontoria Holding 264 BV(1)    7.88     03/01/27       10,000       10,121  
                          38,417  
ENTERTAINMENT – 5.8%                            
Affinity Interactive(1)    6.88     12/15/27       5,000       4,502  
Banijay Entertainment SASU(1)    5.38     03/01/25       10,000       9,762  
Boyne USA, Inc.(1)    4.75     05/15/29       15,000       13,601  
Caesars Entertainment, Inc.(1)    4.63     10/15/29       30,000       26,346  
Caesars Entertainment, Inc.(1)    6.25     07/01/25       85,000       85,180  
Caesars Entertainment, Inc.(1)    7.00     02/15/30       50,000       50,491  
Caesars Entertainment, Inc.(1)    8.13     07/01/27       40,000       40,849  
CDI Escrow Issuer, Inc.(1)    5.75     04/01/30       35,000       33,780  
Cedar Fair LP   5.25     07/15/29       20,000       18,623  
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op   5.38     04/15/27       10,000       9,590  
Churchill Downs, Inc.(1)    4.75     01/15/28       15,000       14,222  
Churchill Downs, Inc.(1)    5.50     04/01/27       20,000       19,529  
Cinemark USA, Inc.(1)    5.25     07/15/28       20,000       17,854  
Jacobs Entertainment, Inc.(1)    6.75     02/15/29       5,000       4,355  
Lions Gate Capital Holdings LLC(1)    5.50     04/15/29       25,000       18,238  
Live Nation Entertainment, Inc.(1)    4.75     10/15/27       25,000       23,186  
Live Nation Entertainment, Inc.(1)    6.50     05/15/27       25,000       25,315  
Merlin Entertainments Ltd.(1)    5.75     06/15/26       10,000       9,511  
Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.(1)    4.88     05/01/29       15,000       13,439  
Mohegan Tribal Gaming Authority(1)    8.00     02/01/26       25,000       22,401  
Penn Entertainment, Inc.(1)    5.63     01/15/27       25,000       23,792  
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.(1)    5.63     09/01/29       35,000       25,417  
Scientific Games Holdings LP/Scientific Games US FinCo., Inc.(1)    6.63     03/01/30       25,000       22,203  
Scientific Games International, Inc.(1)    7.00     05/15/28       25,000       24,971  
Scientific Games International, Inc.(1)    7.25     11/15/29       20,000       20,029  
Scientific Games International, Inc.(1)    8.63     07/01/25       10,000       10,237  
SeaWorld Parks & Entertainment, Inc.(1)    5.25     08/15/29       15,000       13,514  
Six Flags Entertainment Corp.(1)    4.88     07/31/24       25,000       25,016  
Six Flags Entertainment Corp.(1)    5.50     04/15/27       10,000       9,566  
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.(1)    5.13     10/01/29       20,000       18,433  
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.(1)    7.13     02/15/31       15,000       15,378  
                          669,330  
ENVIRONMENTAL CONTROL – 0.9%                            
Covanta Holding Corp.(1)    4.88     12/01/29       20,000       17,818  
Covanta Holding Corp.   5.00     09/01/30       10,000       8,866  
GFL Environmental, Inc.(1)    4.00     08/01/28       20,000       18,274  
GFL Environmental, Inc.(1)    4.38     08/15/29       15,000       13,591  

 

The accompanying notes are an integral part of these financial statements.

 

76

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
ENVIRONMENTAL CONTROL – 0.9% (Continued)                            
GFL Environmental, Inc.(1)    4.75     06/15/29     $ 20,000     $ 18,634  
Harsco Corp.(1)    5.75     07/31/27       15,000       12,685  
Madison IAQ LLC(1)    4.13     06/30/28       20,000       17,614  
                          107,482  
FOOD – 2.3%                            
Aragvi Finance International DAC(1)    8.45     04/29/26       20,000       13,800  
Chobani LLC/Chobani Finance Corp., Inc.(1)    4.63     11/15/28       15,000       13,778  
Performance Food Group, Inc.(1)    4.25     08/01/29       30,000       27,338  
Performance Food Group, Inc.(1)    5.50     10/15/27       30,000       29,431  
Post Holdings, Inc.(1)    4.50     09/15/31       24,000       21,023  
Post Holdings, Inc.(1)    4.63     04/15/30       10,000       9,041  
Post Holdings, Inc.(1)    5.50     12/15/29       55,000       52,362  
Post Holdings, Inc.(1)    5.63     01/15/28       40,000       39,141  
Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed(1)    4.63     03/01/29       25,000       20,682  
United Natural Foods, Inc.(1)    6.75     10/15/28       15,000       14,252  
US Foods, Inc.(1)    4.63     06/01/30       15,000       13,731  
US Foods, Inc.(1)    4.75     02/15/29       20,000       18,622  
                          273,201  
FOOD SERVICE – 0.8%                            
Aramark Services, Inc.(1)    5.00     04/01/25       20,000       19,822  
Aramark Services, Inc.(1)    5.00     02/01/28       25,000       23,843  
Aramark Services, Inc.(1)    6.38     05/01/25       40,000       40,052  
TKC Holdings, Inc.(1)    6.88     05/15/28       5,000       4,448  
                          88,165  
FOREST PRODUCTS & PAPER – 0.2%                            
Mercer International, Inc.   5.13     02/01/29       25,000       20,904  
                             
GAS – 0.6%                            
AmeriGas Partners LP/AmeriGas Finance Corp.   5.50     05/20/25       15,000       14,586  
AmeriGas Partners LP/AmeriGas Finance Corp.   5.63     05/20/24       20,000       19,882  
AmeriGas Partners LP/AmeriGas Finance Corp.   5.75     05/20/27       15,000       14,182  
AmeriGas Partners LP/AmeriGas Finance Corp.   5.88     08/20/26       20,000       19,313  
                          67,963  
HEALTHCARE-PRODUCTS – 1.3%                            
Medline Borrower LP(1)    3.88     04/01/29       100,000       87,585  
Medline Borrower LP(1)    5.25     10/01/29       75,000       64,946  
                          152,531  
HEALTHCARE-SERVICES – 5.9%                            
Acadia Healthcare Co., Inc.(1)    5.00     04/15/29       10,000       9,476  
Acadia Healthcare Co., Inc.(1)    5.50     07/01/28       10,000       9,666  
Catalent Pharma Solutions, Inc.(1)    3.13     02/15/29       10,000       8,520  
Catalent Pharma Solutions, Inc.(1)    3.50     04/01/30       20,000       16,977  
Catalent Pharma Solutions, Inc.(1)    5.00     07/15/27       10,000       9,615  

 

The accompanying notes are an integral part of these financial statements.

 

77

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
HEALTHCARE-SERVICES – 5.9% (Continued)                            
CHS/Community Health Systems, Inc.(1)    4.75     02/15/31     $ 30,000     $ 24,229  
CHS/Community Health Systems, Inc.(1)    5.25     05/15/30       30,000       25,032  
CHS/Community Health Systems, Inc.(1)    5.63     03/15/27       65,000       60,065  
CHS/Community Health Systems, Inc.(1)    6.00     01/15/29       25,000       22,183  
CHS/Community Health Systems, Inc.(1)    8.00     03/15/26       45,000       44,659  
DaVita, Inc.(1)    3.75     02/15/31       35,000       28,216  
DaVita, Inc.(1)    4.63     06/01/30       70,000       61,038  
Encompass Health Corp.   4.50     02/01/28       25,000       23,606  
Encompass Health Corp.   4.63     04/01/31       10,000       8,976  
Encompass Health Corp.   4.75     02/01/30       25,000       23,085  
Global Medical Response, Inc.(1)    6.50     10/01/25       20,000       12,321  
HealthEquity, Inc.(1)    4.50     10/01/29       15,000       13,432  
Legacy LifePoint Health LLC(1)    4.38     02/15/27       20,000       17,045  
Legacy LifePoint Health LLC(1)    6.75     04/15/25       20,000       19,270  
ModivCare Escrow Issuer, Inc.(1)    5.00     10/01/29       15,000       12,112  
ModivCare, Inc.(1)    5.88     11/15/25       15,000       14,348  
Prime Healthcare Services, Inc.(1)    7.25     11/01/25       20,000       18,076  
RP Escrow Issuer LLC(1)    5.25     12/15/25       20,000       14,050  
Select Medical Corp.(1)    6.25     08/15/26       30,000       29,416  
Syneos Health, Inc.(1)    3.63     01/15/29       20,000       16,732  
Tenet Healthcare Corp.   4.63     09/01/24       20,000       19,899  
Tenet Healthcare Corp.   6.13     10/01/28       75,000       72,856  
Tenet Healthcare Corp.   6.25     02/01/27       35,000       34,874  
US Acute Care Solutions LLC(1)    6.38     03/01/26       15,000       13,404  
                          683,178  
HOME BUILDERS – 0.7%                            
Ashton Woods USA LLC/Ashton Woods Finance Co.(1)    4.63     08/01/29       10,000       8,360  
Ashton Woods USA LLC/Ashton Woods Finance Co.(1)    4.63     04/01/30       15,000       12,444  
Beazer Homes USA, Inc.   5.88     10/15/27       20,000       18,527  
Brookfield Residential Properties, Inc./Brookfield Residential US LLC(1)    4.88     02/15/30       20,000       15,657  
Brookfield Residential Properties, Inc./Brookfield Residential US LLC(1)    6.25     09/15/27       20,000       18,353  
Thor Industries, Inc.(1)    4.00     10/15/29       10,000       8,212  
                          81,553  
HOUSEHOLD PRODUCTS/WARES – 0.5%                            
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc.(1)    5.00     12/31/26       10,000       9,264  
Spectrum Brands, Inc.(1)    3.88     03/15/31       25,000       20,528  
Spectrum Brands, Inc.   5.75     07/15/25       25,000       24,804  
                          54,596  
HOUSEWARES – 0.4%                            
CD&R Smokey Buyer, Inc.(1)    6.75     07/15/25       15,000       13,238  
Scotts Miracle-Gro Co.   4.00     04/01/31       20,000       16,178  
Scotts Miracle-Gro Co.   4.50     10/15/29       15,000       13,002  
                          42,418  

 

The accompanying notes are an integral part of these financial statements.

 

78

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
INSURANCE – 0.9%                            
Acrisure LLC/Acrisure Finance, Inc.(1)    4.25     02/15/29     $ 25,000     $ 20,949  
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer(1)    4.25     10/15/27       25,000       22,914  
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer(1)    6.75     04/15/28       25,000       24,996  
AmWINS Group, Inc.(1)    4.88     06/30/29       25,000       22,708  
Jones Deslauriers Insurance Management, Inc.(1)    8.50     03/15/30       15,000       15,192  
                          106,759  
INTERNET – 2.2%                            
ANGI Group LLC(1)    3.88     08/15/28       15,000       11,756  
Arches Buyer, Inc.(1)    4.25     06/01/28       35,000       30,161  
Cablevision Lightpath LLC(1)    3.88     09/15/27       10,000       8,356  
Cogent Communications Group, Inc.(1)    7.00     06/15/27       15,000       14,864  
GrubHub Holdings, Inc.(1)    5.50     07/01/27       5,000       3,656  
Millennium Escrow Corp.(1)    6.63     08/01/26       20,000       13,548  
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.(1)    4.75     04/30/27       10,000       8,684  
Rakuten Group, Inc.(1),(2)    6.25     -       40,000       23,257  
TripAdvisor, Inc.(1)    7.00     07/15/25       10,000       10,074  
Twitter, Inc.(1)    5.00     03/01/30       25,000       25,506  
Uber Technologies, Inc.(1)    4.50     08/15/29       35,000       32,251  
Uber Technologies, Inc.(1)    6.25     01/15/28       15,000       15,151  
Uber Technologies, Inc.(1)    7.50     05/15/25       30,000       30,479  
Uber Technologies, Inc.(1)    7.50     09/15/27       25,000       25,822  
                          253,565  
INVESTMENT COMPANIES – 0.2%                            
Compass Group Diversified Holdings LLC(1)    5.25     04/15/29       30,000       27,030  
                             
IRON/STEEL – 0.5%                            
ATI, Inc.   4.88     10/01/29       10,000       9,228  
ATI, Inc.   5.13     10/01/31       15,000       13,513  
Baffinland Iron Mines Corp./Baffinland Iron Mines LP(1)    8.75     07/15/26       25,000       24,164  
TMS International Corp./DE(1)    6.25     04/15/29       10,000       7,763  
                          54,668  
LEISURE TIME – 4.5%                            
Carnival Corp.(1)    5.75     03/01/27       70,000       57,687  
Carnival Corp.(1)    6.00     05/01/29       45,000       35,361  
Carnival Corp.(1)    7.63     03/01/26       25,000       22,887  
Carnival Corp.(1)    9.88     08/01/27       25,000       25,657  
Carnival Corp.(1)    10.50     02/01/26       20,000       20,899  
Carnival Corp.(1)    10.50     06/01/30       25,000       23,747  
Carnival Holdings Bermuda Ltd.(1)    10.38     05/01/28       35,000       37,663  
Life Time, Inc.(1)    5.75     01/15/26       25,000       24,437  
Lindblad Expeditions LLC(1)    6.75     02/15/27       10,000       9,409  
NCL Corp. Ltd.(1)    5.88     02/15/27       25,000       23,606  
NCL Corp. Ltd.(1)    8.38     02/01/28       15,000       15,105  
Royal Caribbean Cruises Ltd.   3.70     03/15/28       30,000       24,405  
Royal Caribbean Cruises Ltd.(1)    4.25     07/01/26       25,000       22,400  
Royal Caribbean Cruises Ltd.(1)    5.38     07/15/27       25,000       22,219  

 

The accompanying notes are an integral part of these financial statements.

 

79

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
LEISURE TIME – 4.5% (Continued)                            
Royal Caribbean Cruises Ltd.(1)    5.50     08/31/26     $ 25,000     $ 22,942  
Royal Caribbean Cruises Ltd.(1)    5.50     04/01/28       35,000       30,896  
Royal Caribbean Cruises Ltd.(1)    7.25     01/15/30       15,000       15,056  
Royal Caribbean Cruises Ltd.(1)    9.25     01/15/29       25,000       26,694  
Royal Caribbean Cruises Ltd.(1)    11.63     08/15/27       15,000       15,972  
Viking Cruises Ltd.(1)    13.00     05/15/25       20,000       21,077  
VOC Escrow Ltd.(1)    5.00     02/15/28       25,000       22,259  
                          520,378  
LODGING – 1.8%                            
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc(1)    4.88     07/01/31       10,000       8,758  
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc(1)    5.00     06/01/29       30,000       27,182  
Marriott Ownership Resorts, Inc.(1)    4.50     06/15/29       20,000       17,482  
MGM Resorts International   4.63     09/01/26       15,000       14,365  
MGM Resorts International   4.75     10/15/28       10,000       9,361  
MGM Resorts International   5.50     04/15/27       10,000       9,796  
MGM Resorts International   5.75     06/15/25       25,000       24,964  
MGM Resorts International   6.75     05/01/25       10,000       10,106  
Station Casinos LLC(1)    4.50     02/15/28       15,000       13,809  
Station Casinos LLC(1)    4.63     12/01/31       10,000       8,572  
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.(1)    5.25     05/15/27       15,000       14,444  
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.(1)    5.50     03/01/25       50,000       49,366  
                          208,205  
MACHINERY-CONSTRUCTION & MINING – 0.5%                            
Manitowoc Co., Inc.(1)    9.00     04/01/26       10,000       9,938  
Terex Corp.(1)    5.00     05/15/29       25,000       23,282  
Vertiv Group Corp.(1)    4.13     11/15/28       25,000       22,592  
                          55,812  
MACHINERY-DIVERSIFIED – 0.9%                            
ATS Corp.(1)    4.13     12/15/28       10,000       8,965  
Chart Industries, Inc.(1)    7.50     01/01/30       35,000       36,094  
Chart Industries, Inc.(1)    9.50     01/01/31       15,000       15,899  
TK Elevator US Newco, Inc.(1)    5.25     07/15/27       45,000       42,120  
                          103,078  
MEDIA – 7.6%                            
Altice Financing SA(1)    5.00     01/15/28       30,000       24,322  
Altice Financing SA(1)    5.75     08/15/29       45,000       35,935  
Cable One, Inc.(1)    4.00     11/15/30       15,000       12,211  
CSC Holdings LLC(1)    3.38     02/15/31       25,000       17,203  
CSC Holdings LLC(1)    4.13     12/01/30       30,000       21,566  
CSC Holdings LLC(1)    4.50     11/15/31       40,000       28,062  
CSC Holdings LLC(1)    5.38     02/01/28       25,000       20,538  
CSC Holdings LLC(1)    5.50     04/15/27       30,000       25,692  
CSC Holdings LLC(1)    6.50     02/01/29       40,000       33,443  
CSC Holdings LLC(1)    11.25     05/15/28       25,000       24,939  

 

The accompanying notes are an integral part of these financial statements.

 

80

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
MEDIA – 7.6% (Continued)                            
Cumulus Media New Holdings, Inc.(1)    6.75     07/01/26     $ 10,000     $ 7,338  
DISH DBS Corp.   5.13     06/01/29       40,000       18,486  
DISH DBS Corp.(1)    5.25     12/01/26       50,000       38,285  
DISH DBS Corp.(1)    5.75     12/01/28       50,000       35,639  
DISH DBS Corp.   5.88     11/15/24       40,000       33,145  
DISH DBS Corp.   7.38     07/01/28       15,000       7,531  
DISH DBS Corp.   7.75     07/01/26       40,000       23,155  
DISH Network Corp.(1)    11.75     11/15/27       65,000       61,474  
GCI LLC(1)    4.75     10/15/28       20,000       17,118  
Gray Escrow II, Inc.(1)    5.38     11/15/31       35,000       22,471  
Gray Television, Inc.(1)    4.75     10/15/30       5,000       3,235  
Gray Television, Inc.(1)    7.00     05/15/27       35,000       28,390  
iHeartCommunications, Inc.(1)    4.75     01/15/28       5,000       3,899  
iHeartCommunications, Inc.(1)    5.25     08/15/27       20,000       15,824  
iHeartCommunications, Inc.   6.38     05/01/26       25,000       21,488  
McGraw-Hill Education, Inc.(1)    5.75     08/01/28       30,000       26,674  
Radiate Holdco LLC/Radiate Finance, Inc.(1)    4.50     09/15/26       25,000       19,482  
Scripps Escrow II, Inc.(1)    5.38     01/15/31       10,000       6,959  
Scripps Escrow, Inc.(1)    5.88     07/15/27       20,000       14,369  
Sinclair Television Group, Inc.(1)    5.13     02/15/27       15,000       12,896  
Sinclair Television Group, Inc.(1)    5.50     03/01/30       5,000       3,868  
Townsquare Media, Inc.(1)    6.88     02/01/26       10,000       9,334  
Univision Communications, Inc.(1)    4.50     05/01/29       25,000       21,569  
Univision Communications, Inc.(1)    5.13     02/15/25       40,000       39,438  
Univision Communications, Inc.(1)    6.63     06/01/27       40,000       38,567  
Univision Communications, Inc.(1)    7.38     06/30/30       15,000       14,408  
UPC Holding BV(1)    5.50     01/15/28       10,000       8,962  
Urban One, Inc.(1)    7.38     02/01/28       25,000       22,731  
Virgin Media Finance PLC(1)    5.00     07/15/30       25,000       21,090  
Virgin Media Vendor Financing Notes IV DAC(1)    5.00     07/15/28       10,000       8,976  
Ziggo Bond Co. BV(1)    6.00     01/15/27       40,000       37,998  
                          888,710  
METAL FABRICATE/HARDWARE – 0.1%                            
Roller Bearing Co. of America, Inc.(1)    4.38     10/15/29       10,000       9,083  
                             
MINING – 1.1%                            
Compass Minerals International, Inc.(1)    6.75     12/01/27       15,000       14,400  
Constellium SE(1)    3.75     04/15/29       25,000       21,540  
Eldorado Gold Corp.(1)    6.25     09/01/29       10,000       9,309  
Hecla Mining Co.   7.25     02/15/28       10,000       10,013  
Hudbay Minerals, Inc.(1)    4.50     04/01/26       15,000       13,983  
Hudbay Minerals, Inc.(1)    6.13     04/01/29       20,000       18,725  
Kaiser Aluminum Corp.(1)    4.50     06/01/31       15,000       11,906  
Kaiser Aluminum Corp.(1)    4.63     03/01/28       15,000       13,260  
New Gold, Inc.(1)    7.50     07/15/27       10,000       9,649  
Taseko Mines Ltd.(1)    7.00     02/15/26       10,000       9,235  
                          132,020  

 

The accompanying notes are an integral part of these financial statements.

 

81

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
MISCELLANEOUS MANUFACTURERS – 0.2%                            
Gates Global LLC/Gates Corp.(1)    6.25     01/15/26     $ 15,000     $ 14,869  
LSB Industries, Inc.(1)    6.25     10/15/28       15,000       13,215  
                          28,084  
OFFICE/BUSINESS EQUIPMENT – 0.1%                            
Pitney Bowes, Inc.(1)    6.88     03/15/27       20,000       15,411  
                             
OIL & GAS – 6.6%                            
Aethon United BR LP/Aethon United Finance Corp.(1)    8.25     02/15/26       15,000       14,582  
Ascent Resources Utica Holdings LLC/ARU Finance Corp.(1)    5.88     06/30/29       10,000       8,990  
Ascent Resources Utica Holdings LLC/ARU Finance Corp.(1)    7.00     11/01/26       25,000       24,221  
Baytex Energy Corp.(1)    8.75     04/01/27       15,000       15,453  
Berry Petroleum Co. LLC(1)    7.00     02/15/26       15,000       14,285  
California Resources Corp.(1)    7.13     02/01/26       15,000       15,168  
Callon Petroleum Co.(1)    7.50     06/15/30       20,000       19,019  
Callon Petroleum Co.(1)    8.00     08/01/28       20,000       19,755  
Citgo Holding, Inc.(1)    9.25     08/01/24       35,000       35,302  
CITGO Petroleum Corp.(1)    6.38     06/15/26       20,000       19,502  
CITGO Petroleum Corp.(1)    7.00     06/15/25       30,000       29,895  
Comstock Resources, Inc.(1)    5.88     01/15/30       25,000       21,486  
Comstock Resources, Inc.(1)    6.75     03/01/29       35,000       31,724  
Crescent Energy Finance LLC(1)    7.25     05/01/26       20,000       19,184  
CVR Energy, Inc.(1)    5.25     02/15/25       30,000       29,043  
Earthstone Energy Holdings LLC(1)    8.00     04/15/27       15,000       14,655  
Encino Acquisition Partners Holdings LLC(1)    8.50     05/01/28       20,000       17,755  
Energean PLC(1)    6.50     04/30/27       15,000       13,676  
Gran Tierra Energy, Inc.(1)    7.75     05/23/27       15,000       11,355  
Ithaca Energy North Sea PLC(1)    9.00     07/15/26       20,000       19,274  
MEG Energy Corp.(1)    5.88     02/01/29       15,000       14,418  
MEG Energy Corp.(1)    7.13     02/01/27       15,000       15,395  
Moss Creek Resources Holdings, Inc.(1)    7.50     01/15/26       35,000       32,762  
Nabors Industries, Inc.(1)    7.38     05/15/27       20,000       19,424  
Noble Finance II LLC(1)    8.00     04/15/30       15,000       15,378  
Northern Oil & Gas, Inc.(1)    8.13     03/01/28       20,000       19,771  
Permian Resources Operating LLC(1)    5.88     07/01/29       25,000       23,683  
Permian Resources Operating LLC(1)    7.75     02/15/26       10,000       10,123  
Precision Drilling Corp.(1)    6.88     01/15/29       5,000       4,592  
ROCC Holdings LLC(1)    9.25     08/15/26       15,000       16,106  
Rockcliff Energy II LLC(1)    5.50     10/15/29       20,000       18,106  
SM Energy Co.   5.63     06/01/25       10,000       9,785  
SM Energy Co.   6.50     07/15/28       10,000       9,485  
SM Energy Co.   6.75     09/15/26       20,000       19,726  
Strathcona Resources Ltd./Alberta(1)    6.88     08/01/26       15,000       12,702  
Talos Production, Inc.   12.00     01/15/26       15,000       15,877  
Tap Rock Resources LLC(1)    7.00     10/01/26       15,000       14,427  
Transocean Titan Financing Ltd.(1)    8.38     02/01/28       25,000       25,506  
Transocean, Inc.(1)    8.75     02/15/30       30,000       30,300  
Vermilion Energy, Inc.(1)    6.88     05/01/30       20,000       18,579  

 

The accompanying notes are an integral part of these financial statements.

 

82

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
OIL & GAS – 6.6% (Continued)                            
Vital Energy, Inc.(1)    7.75     07/31/29     $ 10,000     $ 8,838  
Vital Energy, Inc.   9.50     01/15/25       15,000       15,105  
                          764,412  
OIL & GAS SERVICES – 1.4%                            
Archrock Partners LP/Archrock Partners Finance Corp.(1)    6.25     04/01/28       35,000       33,642  
CGG SA(1)    8.75     04/01/27       15,000       12,981  
CSI Compressco LP/CSI Compressco Finance, Inc.(1)    7.50     04/01/25       10,000       9,668  
Enerflex Ltd.(1)    9.00     10/15/27       20,000       19,953  
Oceaneering International, Inc.   4.65     11/15/24       10,000       9,853  
Oceaneering International, Inc.   6.00     02/01/28       10,000       9,513  
USA Compression Partners LP/USA Compression Finance Corp.   6.88     04/01/26       10,000       9,905  
USA Compression Partners LP/USA Compression Finance Corp.   6.88     09/01/27       20,000       19,491  
Weatherford International Ltd.(1)    8.63     04/30/30       40,000       40,787  
                          165,793  
PACKAGING & CONTAINERS – 2.1%                            
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(1)    4.00     09/01/29       30,000       24,470  
Clydesdale Acquisition Holdings, Inc.(1)    6.63     04/15/29       10,000       9,825  
Intelligent Packaging Ltd. FinCo., Inc./Intelligent Packaging Ltd. Co.-Issuer LLC(1)    6.00     09/15/28       20,000       16,674  
LABL, Inc.(1)    5.88     11/01/28       25,000       23,109  
LABL, Inc.(1)    6.75     07/15/26       10,000       9,921  
Mauser Packaging Solutions Holding Co.(1)    7.88     08/15/26       60,000       60,919  
Owens-Brockway Glass Container, Inc.(1)    6.63     05/13/27       35,000       35,171  
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.(1)    4.38     10/15/28       20,000       17,631  
Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC(1)    4.00     10/15/27       20,000       18,025  
Trivium Packaging Finance BV(1)    5.50     08/15/26       30,000       29,152  
                          244,897  
PHARMACEUTICALS – 2.5%                            
AdaptHealth LLC(1)    4.63     08/01/29       15,000       12,169  
AdaptHealth LLC(1)    5.13     03/01/30       20,000       16,568  
Bausch Health Cos, Inc.(1)    4.88     06/01/28       40,000       26,390  
Bausch Health Cos, Inc.(1)    5.50     11/01/25       50,000       43,649  
Bausch Health Cos, Inc.(1)    6.13     02/01/27       25,000       18,041  
Bausch Health Cos, Inc.(1)    11.00     09/30/28       40,000       32,450  
BellRing Brands, Inc.(1)    7.00     03/15/30       10,000       10,254  
Cheplapharm Arzneimittel GmbH(1)    5.50     01/15/28       15,000       13,709  
Elanco Animal Health, Inc.   6.65     08/28/28       20,000       19,523  
Herbalife Nutrition Ltd./HLF Financing, Inc.(1)    7.88     09/01/25       15,000       14,377  
HLF Financing Sarl LLC/Herbalife International, Inc.(1)    4.88     06/01/29       20,000       15,330  
Organon & Co./Organon Foreign Debt Co.-Issuer BV(1)    5.13     04/30/31       40,000       35,681  
Owens & Minor, Inc.(1)    4.50     03/31/29       15,000       12,047  
Owens & Minor, Inc.(1)    6.63     04/01/30       10,000       8,712  
Prestige Brands, Inc.(1)    3.75     04/01/31       20,000       16,969  
                          295,869  

 

The accompanying notes are an integral part of these financial statements.

 

83

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
PIPELINES – 2.4%                            
Blue Racer Midstream LLC/Blue Racer Finance Corp.(1)    7.63     12/15/25     $ 25,000     $ 25,104  
FTAI Infra Escrow Holdings LLC(1)    10.50     06/01/27       25,000       25,274  
Genesis Energy LP/Genesis Energy Finance Corp.   6.50     10/01/25       25,000       24,502  
Genesis Energy LP/Genesis Energy Finance Corp.   7.75     02/01/28       15,000       14,782  
Genesis Energy LP/Genesis Energy Finance Corp.   8.00     01/15/27       40,000       39,956  
Global Partners LP/GLP Finance Corp.   7.00     08/01/27       20,000       19,354  
Howard Midstream Energy Partners LLC(1)    6.75     01/15/27       15,000       14,013  
ITT Holdings LLC(1)    6.50     08/01/29       35,000       29,095  
NGL Energy Operating LLC/NGL Energy Finance Corp.(1)    7.50     02/01/26       60,000       57,588  
Southeast Supply Header LLC(1)    4.25     06/15/24       10,000       9,450  
Summit Midstream Holdings LLC/Summit Midstream Finance Corp.(1)    8.50     10/15/26       20,000       19,224  
                          278,342  
REAL ESTATE – 0.9%                            
Five Point Operating Co. LP/Five Point Capital Corp.(1)    7.88     11/15/25       20,000       18,081  
Hunt Cos, Inc.(1)    5.25     04/15/29       25,000       19,300  
Kennedy-Wilson, Inc.   4.75     03/01/29       25,000       19,999  
Kennedy-Wilson, Inc.   5.00     03/01/31       15,000       11,386  
Realogy Group LLC/Realogy Co.-Issuer Corp.(1)    5.25     04/15/30       20,000       14,277  
Realogy Group LLC/Realogy Co.-Issuer Corp.(1)    5.75     01/15/29       25,000       18,590  
                          101,633  
REAL ESTATE INVESTMENT TRUST (REITS) – 2.5%                            
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer(1)    4.88     05/15/29       20,000       17,318  
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer(1)    5.88     10/01/28       20,000       18,468  
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer(1)    7.50     06/01/25       20,000       20,124  
RHP Hotel Properties LP/RHP Finance Corp.(1)    4.50     02/15/29       15,000       13,521  
RHP Hotel Properties LP/RHP Finance Corp.   4.75     10/15/27       30,000       28,238  
Rithm Capital Corp.(1)    6.25     10/15/25       15,000       13,758  
Service Properties Trust   3.95     01/15/28       25,000       19,606  
Service Properties Trust   4.35     10/01/24       30,000       28,676  
Service Properties Trust   4.38     02/15/30       10,000       7,452  
Service Properties Trust   5.25     02/15/26       25,000       22,234  
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC(1)    4.75     04/15/28       20,000       15,923  
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC(1)    10.50     02/15/28       60,000       57,468  
XHR LP(1)    4.88     06/01/29       20,000       17,376  
XHR LP(1)    6.38     08/15/25       5,000       4,935  
                          285,097  
RETAIL – 4.9%                            
1011778 BC ULC/New Red Finance, Inc.(1)    4.00     10/15/30       75,000       65,541  
1011778 BC ULC/New Red Finance, Inc.(1)    4.38     01/15/28       20,000       18,722  
Arko Corp.(1)    5.13     11/15/29       10,000       8,112  
Bath & Body Works, Inc.   6.95     03/01/33       10,000       8,833  
Brinker International, Inc.(1)    5.00     10/01/24       15,000       14,701  
CEC Entertainment LLC(1)    6.75     05/01/26       20,000       19,030  
Dave & Buster’s, Inc.(1)    7.63     11/01/25       15,000       15,266  

 

The accompanying notes are an integral part of these financial statements.

 

84

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
RETAIL – 4.9% (Continued)                            
eG Global Finance PLC(1)    6.75     02/07/25     $ 35,000     $ 33,204  
Evergreen Acqco 1 LP/TVI, Inc.(1)    9.75     04/26/28       15,000       15,034  
Ferrellgas LP/Ferrellgas Finance Corp.(1)    5.38     04/01/26       15,000       13,999  
Ferrellgas LP/Ferrellgas Finance Corp.(1)    5.88     04/01/29       25,000       21,148  
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.(1)    4.63     01/15/29       30,000       26,294  
IRB Holding Corp.(1)    7.00     06/15/25       20,000       20,265  
Ken Garff Automotive LLC(1)    4.88     09/15/28       10,000       8,744  
LCM Investments Holdings II LLC(1)    4.88     05/01/29       30,000       25,605  
LSF9 Atlantis Holdings LLC/Victra Finance Corp.(1)    7.75     02/15/26       25,000       23,466  
Michaels Cos, Inc.(1)    5.25     05/01/28       25,000       20,620  
Papa John’s International, Inc.(1)    3.88     09/15/29       20,000       17,299  
Patrick Industries, Inc.(1)    4.75     05/01/29       10,000       8,711  
PetSmart, Inc./PetSmart Finance Corp.(1)    7.75     02/15/29       25,000       24,676  
QVC, Inc.   4.45     02/15/25       15,000       11,044  
QVC, Inc.   4.75     02/15/27       10,000       5,062  
QVC, Inc.   4.85     04/01/24       15,000       12,886  
QVC, Inc.   5.45     08/15/34       10,000       4,311  
Sizzling Platter LLC/Sizzling Platter Finance Corp.(1)    8.50     11/28/25       10,000       9,261  
Specialty Building Products Holdings LLC/SBP Finance Corp.(1)    6.38     09/30/26       20,000       18,176  
SRS Distribution, Inc.(1)    4.63     07/01/28       20,000       17,635  
Staples, Inc.(1)    7.50     04/15/26       50,000       42,224  
Suburban Propane Partners LP/Suburban Energy Finance Corp.(1)    5.00     06/01/31       20,000       17,535  
Suburban Propane Partners LP/Suburban Energy Finance Corp.   5.88     03/01/27       10,000       9,762  
Victoria’s Secret & Co.(1)    4.63     07/15/29       15,000       12,147  
                          569,313  
SOFTWARE – 2.9%                            
Boxer Parent Co., Inc.(1)    7.13     10/02/25       10,000       9,982  
Camelot Finance SA(1)    4.50     11/01/26       15,000       14,225  
Central Parent, Inc./CDK Global, Inc.(1)    7.25     06/15/29       25,000       24,779  
Clarivate Science Holdings Corp.(1)    3.88     07/01/28       25,000       22,526  
Cloud Software Group, Inc.(1)    6.50     03/31/29       100,000       90,173  
Consensus Cloud Solutions, Inc.(1)    6.50     10/15/28       25,000       21,902  
Dun & Bradstreet Corp.(1)    5.00     12/15/29       15,000       13,185  
Elastic NV(1)    4.13     07/15/29       25,000       21,653  
Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl(1)    4.63     05/01/28       10,000       8,419  
MicroStrategy, Inc.(1)    6.13     06/15/28       15,000       13,573  
Rackspace Technology Global, Inc.(1)    3.50     02/15/28       15,000       6,241  
SS&C Technologies, Inc.(1)    5.50     09/30/27       50,000       48,463  
Veritas US, Inc./Veritas Bermuda Ltd.(1)    7.50     09/01/25       45,000       34,191  
ZoomInfo Technologies LLC/ZoomInfo Finance Corp.(1)    3.88     02/01/29       15,000       12,948  
                          342,260  
TELECOMMUNICATIONS – 8.1%                            
Altice France SA/France(1)    5.13     07/15/29       65,000       48,116  
Altice France SA/France(1)    5.50     01/15/28       40,000       31,530  
Altice France SA/France(1)    5.50     10/15/29       40,000       29,979  
Altice France SA/France(1)    8.13     02/01/27       50,000       44,691  
C&W Senior Financing DAC(1)    6.88     09/15/27       30,000       26,283  

 

The accompanying notes are an integral part of these financial statements.

 

85

 

 

BONDBLOXX ETF TRUST

 

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
TELECOMMUNICATIONS – 8.1% (Continued)                            
CommScope, Inc.(1)    4.75     09/01/29     $ 35,000     $ 28,296  
CommScope, Inc.(1)    6.00     03/01/26       35,000       33,479  
Connect FinCo. Sarl/Connect US FinCo. LLC(1)    6.75     10/01/26       55,000       52,491  
Consolidated Communications, Inc.(1)    5.00     10/01/28       5,000       3,671  
Consolidated Communications, Inc.(1)    6.50     10/01/28       20,000       15,650  
Frontier Communications Holdings LLC(1)    5.00     05/01/28       55,000       48,353  
Frontier Communications Holdings LLC(1)    5.88     10/15/27       40,000       36,856  
Frontier Communications Holdings LLC   5.88     11/01/29       25,000       19,040  
Frontier Communications Holdings LLC(1)    6.00     01/15/30       15,000       11,489  
Frontier Communications Holdings LLC(1)    6.75     05/01/29       15,000       12,088  
Frontier Communications Holdings LLC(1)    8.63     03/15/31       15,000       14,632  
Frontier Communications Holdings LLC(1)    8.75     05/15/30       25,000       24,753  
GoTo Group, Inc.(1)    5.50     09/01/27       40,000       22,560  
Hughes Satellite Systems Corp.   6.63     08/01/26       20,000       18,920  
Iliad Holding SASU(1)    6.50     10/15/26       35,000       33,709  
Iliad Holding SASU(1)    7.00     10/15/28       15,000       14,207  
Intelsat Jackson Holdings SA(1)    6.50     03/15/30       75,000       69,398  
Level 3 Financing, Inc.(1)    3.63     01/15/29       20,000       11,203  
Level 3 Financing, Inc.(1)    3.75     07/15/29       20,000       11,274  
Level 3 Financing, Inc.(1)    4.25     07/01/28       30,000       17,523  
Level 3 Financing, Inc.(1)    4.63     09/15/27       25,000       15,467  
Lumen Technologies, Inc.(1)    4.00     02/15/27       35,000       23,412  
Maxar Technologies, Inc.(1)    7.75     06/15/27       15,000       15,916  
Telecom Italia Capital SA   6.00     09/30/34       25,000       21,347  
Telecom Italia Capital SA   6.38     11/15/33       25,000       22,386  
Telecom Italia Capital SA   7.20     07/18/36       25,000       22,626  
Telecom Italia Capital SA   7.72     06/04/38       25,000       23,402  
Telecom Italia SpA/Milano(1)    5.30     05/30/24       30,000       29,335  
Viasat, Inc.(1)    6.50     07/15/28       25,000       19,863  
Windstream Escrow LLC/Windstream Escrow Finance Corp.(1)    7.75     08/15/28       40,000       32,983  
Zayo Group Holdings, Inc.(1)    4.00     03/01/27       40,000       30,329  
                          937,257  
WATER – 0.1%                            
Solaris Midstream Holdings LLC(1)    7.63     04/01/26       10,000       9,610  
                             
TOTAL CORPORATE BONDS (Cost - $11,606,271)                         11,430,951  
                             
SHORT-TERM INVESTMENTS – 0.7%                            
TIME DEPOSITS – 0.7%                            
Sumitomo Mitsui Trust Bank, London   4.18     05/01/23       82,650       82,650  
TOTAL SHORT-TERM INVESTMENTS (Cost - $82,650)                         82,650  
                             
TOTAL INVESTMENTS – 99.0% (Cost - $11,688,921)                       $ 11,513,601  
OTHER ASSETS LESS LIABILITIES – 1.0%                         118,365  
NET ASSETS – 100.0%                       $ 11,631,966  

 

(1)  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that Rule except to qualified institutional buyers. The aggregate value of Rule 144A holdings at April 30, 2023, amounts to $9,970,025 and represents 85.7% of net assets. These securities have been deemed liquid under procedures approved by the Trust’s Board of Trustees.
(2)  Security is perpetual in nature and has no stated maturity date.

 

The accompanying notes are an integral part of these financial statements.

 

86

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
CORPORATE BONDS – 97.5%                            
ADVERTISING – 0.3%                            
Lamar Media Corp.   3.63     01/15/31     $ 35,000     $ 30,189  
Lamar Media Corp.   3.75     02/15/28       50,000       46,042  
Lamar Media Corp.   4.00     02/15/30       60,000       53,885  
Lamar Media Corp.   4.88     01/15/29       30,000       28,392  
                          158,508  
AEROSPACE/DEFENSE – 1.3%                            
Howmet Aerospace, Inc.   3.00     01/15/29       75,000       67,384  
Howmet Aerospace, Inc.   5.13     10/01/24       76,000       75,792  
Howmet Aerospace, Inc.   5.90     02/01/27       75,000       76,885  
Howmet Aerospace, Inc.   5.95     02/01/37       45,000       45,837  
Howmet Aerospace, Inc.   6.88     05/01/25       40,000       41,250  
Moog, Inc.(1)    4.25     12/15/27       45,000       42,377  
Rolls-Royce PLC(1)    3.63     10/14/25       105,000       99,750  
Rolls-Royce PLC(1)    5.75     10/15/27       65,000       64,938  
Spirit AeroSystems, Inc.(1)    9.38     11/30/29       90,000       96,855  
                          611,068  
AGRICULTURE – 0.4%                            
Darling Ingredients, Inc.(1)    5.25     04/15/27       20,000       19,627  
Darling Ingredients, Inc.(1)    6.00     06/15/30       105,000       103,970  
Vector Group Ltd.(1)    5.75     02/01/29       70,000       62,687  
                          186,284  
AIRLINES – 2.6%                            
Air Canada(1)    3.88     08/15/26       95,000       88,059  
Allegiant Travel Co.(1)    7.25     08/15/27       40,000       39,544  
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(1)    5.50     04/20/26       250,000       245,786  
American Airlines, Inc./AAdvantage Loyalty IP Ltd.(1)    5.75     04/20/29       275,000       261,683  
Delta Air Lines, Inc.   2.90     10/28/24       75,000       72,427  
Delta Air Lines, Inc.   3.75     10/28/29       45,000       40,311  
Delta Air Lines, Inc.   4.38     04/19/28       20,000       18,874  
Delta Air Lines, Inc.   7.38     01/15/26       80,000       84,413  
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd.(1)    8.00     09/20/25       30,000       30,306  
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd.(1)    8.00     09/20/25       55,000       55,600  
United Airlines, Inc.(1)    4.38     04/15/26       190,000       181,683  
United Airlines, Inc.(1)    4.63     04/15/29       145,000       131,381  
                          1,250,067  
APPAREL – 0.3%                            
Kontoor Brands, Inc.(1)    4.13     11/15/29       20,000       17,015  
Levi Strauss & Co.(1)    3.50     03/01/31       30,000       25,397  
Under Armour, Inc.   3.25     06/15/26       80,000       73,543  
William Carter Co.(1)    5.63     03/15/27       35,000       34,609  
                          150,564  
AUTO MANUFACTURERS – 3.9%                            
Allison Transmission, Inc.(1)    3.75     01/30/31       55,000       47,011  
Allison Transmission, Inc.(1)    4.75     10/01/27       30,000       28,629  
Allison Transmission, Inc.(1)    5.88     06/01/29       75,000       73,958  

 

The accompanying notes are an integral part of these financial statements.

 

87

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
AUTO MANUFACTURERS – 3.9% (Continued)                            
Ford Motor Co.   3.25     02/12/32     $ 80,000     $ 62,113  
Ford Motor Co.   4.75     01/15/43       55,000       41,389  
Ford Motor Co.   5.29     12/08/46       40,000       32,394  
Ford Motor Co.   6.10     08/19/32       40,000       38,184  
Ford Motor Co.   6.63     10/01/28       20,000       20,385  
Ford Motor Co.   7.40     11/01/46       10,000       10,201  
Ford Motor Co.   7.45     07/16/31       25,000       26,340  
Ford Motor Co.   9.63     04/22/30       20,000       23,283  
Ford Motor Credit Co. LLC   2.30     02/10/25       30,000       27,974  
Ford Motor Credit Co. LLC   2.70     08/10/26       55,000       48,855  
Ford Motor Credit Co. LLC   2.90     02/16/28       20,000       17,338  
Ford Motor Credit Co. LLC   2.90     02/10/29       20,000       16,615  
Ford Motor Credit Co. LLC   3.37     11/17/23       50,000       49,216  
Ford Motor Credit Co. LLC   3.38     11/13/25       55,000       51,156  
Ford Motor Credit Co. LLC   3.63     06/17/31       30,000       24,767  
Ford Motor Credit Co. LLC   3.82     11/02/27       20,000       17,964  
Ford Motor Credit Co. LLC   4.00     11/13/30       45,000       38,631  
Ford Motor Credit Co. LLC   4.06     11/01/24       55,000       53,523  
Ford Motor Credit Co. LLC   4.13     08/17/27       30,000       27,564  
Ford Motor Credit Co. LLC   4.13     08/04/25       40,000       37,923  
Ford Motor Credit Co. LLC   4.39     01/08/26       30,000       28,537  
Ford Motor Credit Co. LLC   4.95     05/28/27       35,000       33,144  
Ford Motor Credit Co. LLC   5.11     05/03/29       45,000       42,002  
Ford Motor Credit Co. LLC   5.13     06/16/25       70,000       68,248  
Ford Motor Credit Co. LLC   5.58     03/18/24       45,000       44,787  
Ford Motor Credit Co. LLC   7.35     11/04/27       45,000       46,386  
Ford Motor Credit Co. LLC   7.35     03/06/30       25,000       25,705  
Nissan Motor Acceptance Co. LLC(1)    1.13     09/16/24       40,000       37,204  
Nissan Motor Acceptance Co. LLC(1)    1.85     09/16/26       80,000       68,305  
Nissan Motor Acceptance Co. LLC(1)    2.00     03/09/26       75,000       66,129  
Nissan Motor Acceptance Co. LLC(1)    2.45     09/15/28       25,000       20,092  
Nissan Motor Acceptance Co. LLC(1)    2.75     03/09/28       50,000       41,630  
Nissan Motor Co. Ltd.(1)    3.52     09/17/25       125,000       116,985  
Nissan Motor Co. Ltd.(1)    4.35     09/17/27       200,000       183,389  
Nissan Motor Co. Ltd.(1)    4.81     09/17/30       210,000       184,839  
                          1,822,795  
AUTO PARTS & EQUIPMENT – 0.9%                            
Adient Global Holdings Ltd.(1)    7.00     04/15/28       40,000       41,064  
Dana, Inc.   4.25     09/01/30       60,000       48,653  
Dana, Inc.   5.38     11/15/27       70,000       65,901  
Dana, Inc.   5.63     06/15/28       20,000       18,475  
Goodyear Tire & Rubber Co.   5.00     07/15/29       55,000       48,682  
ZF North America Capital, Inc.(1)    4.75     04/29/25       80,000       78,259  
ZF North America Capital, Inc.(1)    6.88     04/14/28       60,000       61,805  
ZF North America Capital, Inc.(1)    7.13     04/14/30       50,000       51,655  
                          414,494  

 

The accompanying notes are an integral part of these financial statements.

 

88

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
BANKS – 1.9%                            
Dresdner Funding Trust I(1)    8.15     06/30/31     $ 85,000     $ 90,333  
Intesa Sanpaolo SpA(1)    4.20     06/01/32       70,000       53,122  
Intesa Sanpaolo SpA(1)    4.95     06/01/42       55,000       36,447  
Intesa Sanpaolo SpA(1)    5.02     06/26/24       205,000       199,227  
Intesa Sanpaolo SpA(1)    5.71     01/15/26       75,000       72,266  
Popular, Inc.   7.25     03/13/28       35,000       34,686  
Standard Chartered PLC(1),(2)    7.01     -       65,000       62,599  
Texas Capital Bancshares, Inc.   4.00     05/06/31       35,000       28,308  
UniCredit SpA(1)    5.46     06/30/35       120,000       102,367  
UniCredit SpA(1)    5.86     06/19/32       85,000       77,497  
UniCredit SpA(1)    7.30     04/02/34       90,000       86,211  
Western Alliance Bancorp.   3.00     06/15/31       50,000       38,791  
                          881,854  
BUILDING MATERIALS – 1.7%                            
Boise Cascade Co.(1)    4.88     07/01/30       20,000       18,074  
Builders FirstSource, Inc.(1)    4.25     02/01/32       105,000       92,121  
Builders FirstSource, Inc.(1)    5.00     03/01/30       45,000       42,093  
Builders FirstSource, Inc.(1)    6.38     06/15/32       65,000       64,749  
James Hardie International Finance DAC(1)    5.00     01/15/28       20,000       18,875  
Louisiana-Pacific Corp.(1)    3.63     03/15/29       35,000       30,746  
Masonite International Corp.(1)    5.38     02/01/28       75,000       72,296  
Smyrna Ready Mix Concrete LLC(1)    6.00     11/01/28       85,000       79,659  
Standard Industries, Inc./NJ(1)    3.38     01/15/31       80,000       63,403  
Standard Industries, Inc./NJ(1)    4.38     07/15/30       170,000       146,945  
Standard Industries, Inc./NJ(1)    4.75     01/15/28       65,000       60,857  
Standard Industries, Inc./NJ(1)    5.00     02/15/27       55,000       52,683  
Summit Materials LLC/Summit Materials Finance Corp.(1)    5.25     01/15/29       80,000       76,136  
                          818,637  
CHEMICALS – 2.6%                            
Ashland LLC(1)    3.38     09/01/31       45,000       37,332  
Ashland LLC   6.88     05/15/43       25,000       25,087  
Avient Corp.(1)    5.75     05/15/25       55,000       55,020  
Avient Corp.(1)    7.13     08/01/30       60,000       61,377  
Chemours Co.(1)    4.63     11/15/29       50,000       41,228  
Chemours Co.(1)    5.75     11/15/28       100,000       88,994  
Element Solutions, Inc.(1)    3.88     09/01/28       55,000       48,595  
HB Fuller Co.   4.00     02/15/27       50,000       47,316  
INEOS Finance PLC(1)    6.75     05/15/28       35,000       34,616  
INEOS Quattro Finance 2 PLC(1)    3.38     01/15/26       45,000       41,334  
Ingevity Corp.(1)    3.88     11/01/28       45,000       39,537  
Methanex Corp.   4.25     12/01/24       20,000       19,563  
Methanex Corp.   5.13     10/15/27       55,000       52,596  
Methanex Corp.   5.25     12/15/29       30,000       28,192  
Methanex Corp.   5.65     12/01/44       50,000       41,767  
Minerals Technologies, Inc.(1)    5.00     07/01/28       40,000       36,586  
NOVA Chemicals Corp.(1)    4.25     05/15/29       30,000       24,290  
NOVA Chemicals Corp.(1)    4.88     06/01/24       95,000       93,627  

 

The accompanying notes are an integral part of these financial statements.

 

89

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
CHEMICALS – 2.6% (Continued)                            
NOVA Chemicals Corp.(1)    5.00     05/01/25     $ 45,000     $ 43,718  
NOVA Chemicals Corp.(1)    5.25     06/01/27       95,000       86,091  
Nufarm Australia Ltd./Nufarm Americas, Inc.(1)    5.00     01/27/30       35,000       31,142  
Olin Corp.   5.00     02/01/30       90,000       84,145  
Olin Corp.   5.13     09/15/27       45,000       43,588  
SPCM SA(1)    3.13     03/15/27       40,000       35,755  
SPCM SA(1)    3.38     03/15/30       20,000       16,569  
WR Grace Holdings LLC(1)    4.88     06/15/27       65,000       61,812  
WR Grace Holdings LLC(1)    7.38     03/01/31       25,000       25,081  
                          1,244,958  
COAL – 0.1%                            
SunCoke Energy, Inc.(1)    4.88     06/30/29       45,000       39,221  
Warrior Met Coal, Inc.(1)    7.88     12/01/28       20,000       20,239  
                          59,460  
COMMERCIAL SERVICES – 4.1%                            
ADT Security Corp.(1)    4.13     08/01/29       105,000       91,337  
ADT Security Corp.(1)    4.88     07/15/32       45,000       38,991  
Adtalem Global Education, Inc.(1)    5.50     03/01/28       40,000       38,041  
Albion Financing 1 Sarl/Aggreko Holdings, Inc.(1)    6.13     10/15/26       35,000       31,943  
AMN Healthcare, Inc.(1)    4.00     04/15/29       25,000       22,030  
AMN Healthcare, Inc.(1)    4.63     10/01/27       50,000       46,693  
APX Group, Inc.(1)    6.75     02/15/27       50,000       50,033  
ASGN, Inc.(1)    4.63     05/15/28       30,000       27,766  
Block, Inc.   2.75     06/01/26       90,000       81,552  
Block, Inc.   3.50     06/01/31       75,000       61,182  
Brink’s Co.(1)    4.63     10/15/27       65,000       61,536  
CoreCivic, Inc.   8.25     04/15/26       70,000       70,795  
Gartner, Inc.(1)    3.63     06/15/29       45,000       39,892  
Gartner, Inc.(1)    3.75     10/01/30       80,000       69,949  
Gartner, Inc.(1)    4.50     07/01/28       60,000       56,489  
Grand Canyon University   4.13     10/01/24       95,000       90,526  
Korn Ferry(1)    4.63     12/15/27       35,000       33,289  
Prime Security Services Borrower LLC/Prime Finance, Inc.(1)    3.38     08/31/27       80,000       71,601  
Prime Security Services Borrower LLC/Prime Finance, Inc.(1)    5.75     04/15/26       175,000       173,905  
Service Corp. International/US   3.38     08/15/30       70,000       59,380  
Service Corp. International/US   4.00     05/15/31       50,000       44,126  
Service Corp. International/US   4.63     12/15/27       20,000       19,436  
Service Corp. International/US   5.13     06/01/29       105,000       101,325  
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.(1)    4.63     11/01/26       45,000       42,371  
TriNet Group, Inc.(1)    3.50     03/01/29       40,000       35,019  
United Rentals North America, Inc.   3.75     01/15/32       45,000       38,629  
United Rentals North America, Inc.   3.88     11/15/27       60,000       56,354  
United Rentals North America, Inc.   3.88     02/15/31       90,000       79,298  
United Rentals North America, Inc.   4.00     07/15/30       55,000       49,288  
United Rentals North America, Inc.   4.88     01/15/28       130,000       125,125  
United Rentals North America, Inc.   5.25     01/15/30       100,000       96,862  
United Rentals North America, Inc.   5.50     05/15/27       30,000       29,854  
                          1,934,617  

 

The accompanying notes are an integral part of these financial statements.

 

90

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
COMPUTERS – 1.2%                            
Crane Nxt Co.   4.20     03/15/48     $ 30,000     $ 21,343  
Crowdstrike Holdings, Inc.   3.00     02/15/29       50,000       43,552  
KBR, Inc.(1)    4.75     09/30/28       25,000       23,144  
Seagate HDD Cayman   4.09     06/01/29       105,000       91,194  
Seagate HDD Cayman   4.13     01/15/31       13,000       10,803  
Seagate HDD Cayman   4.75     01/01/25       30,000       29,208  
Seagate HDD Cayman   4.88     06/01/27       35,000       33,553  
Seagate HDD Cayman   5.75     12/01/34       20,000       17,776  
Seagate HDD Cayman(1)    9.63     12/01/32       55,850       61,305  
Unisys Corp.(1)    6.88     11/01/27       35,000       23,342  
Western Digital Corp.   2.85     02/01/29       40,000       31,684  
Western Digital Corp.   3.10     02/01/32       45,000       32,700  
Western Digital Corp.   4.75     02/15/26       180,000       171,269  
                          590,873  
COSMETICS/PERSONAL CARE – 0.4%                            
Coty, Inc.(1)    5.00     04/15/26       50,000       48,878  
Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC(1)    4.75     01/15/29       40,000       37,595  
Edgewell Personal Care Co.(1)    4.13     04/01/29       30,000       26,606  
Edgewell Personal Care Co.(1)    5.50     06/01/28       55,000       52,715  
                          165,794  
DISTRIBUTION/WHOLESALE – 0.3%                            
American Builders & Contractors Supply Co., Inc.(1)    4.00     01/15/28       45,000       41,280  
Resideo Funding, Inc.(1)    4.00     09/01/29       20,000       16,961  
Ritchie Bros Holdings, Inc.(1)    6.75     03/15/28       50,000       51,813  
Univar Solutions USA, Inc./Washington(1)    5.13     12/01/27       45,000       45,123  
                          155,177  
DIVERSIFIED FINANCIAL SERVICES – 4.4%                            
AerCap Holdings NV   5.88     10/10/79       55,000       51,095  
Ally Financial, Inc.   5.75     11/20/25       75,000       72,939  
Ally Financial, Inc.   6.70     02/14/33       50,000       45,175  
Burford Capital Global Finance LLC(1)    6.25     04/15/28       30,000       28,237  
Burford Capital Global Finance LLC(1)    6.88     04/15/30       35,000       32,584  
Credit Acceptance Corp.   6.63     03/15/26       50,000       47,850  
goeasy Ltd.(1)    5.38     12/01/24       65,000       61,805  
Jane Street Group/JSG Finance, Inc.(1)    4.50     11/15/29       50,000       44,798  
Jefferies Finance LLC/JFIN Co.-Issuer Corp.(1)    5.00     08/15/28       85,000       71,560  
Macquarie Airfinance Holdings Ltd.(1)    8.38     05/01/28       45,000       45,076  
Midcap Financial Issuer Trust(1)    5.63     01/15/30       50,000       41,057  
Midcap Financial Issuer Trust(1)    6.50     05/01/28       75,000       67,828  
Navient Corp.   4.88     03/15/28       30,000       25,831  
Navient Corp.   5.00     03/15/27       30,000       27,056  
Navient Corp.   5.50     03/15/29       65,000       56,024  
Navient Corp.   5.63     08/01/33       50,000       37,547  
Navient Corp.   5.88     10/25/24       80,000       78,728  
Navient Corp.   6.75     06/25/25       50,000       49,230  
Navient Corp.   6.75     06/15/26       55,000       53,637  
OneMain Finance Corp.   3.50     01/15/27       40,000       34,212  

 

The accompanying notes are an integral part of these financial statements.

 

91

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
DIVERSIFIED FINANCIAL SERVICES – 4.4% (Continued)                            
OneMain Finance Corp.   3.88     09/15/28     $ 45,000     $ 36,156  
OneMain Finance Corp.   4.00     09/15/30       65,000       49,163  
OneMain Finance Corp.   5.38     11/15/29       65,000       54,748  
OneMain Finance Corp.   6.63     01/15/28       70,000       65,011  
OneMain Finance Corp.   6.88     03/15/25       65,000       63,691  
OneMain Finance Corp.   7.13     03/15/26       185,000       180,507  
PRA Group, Inc.(1)    5.00     10/01/29       25,000       21,212  
PRA Group, Inc.(1)    7.38     09/01/25       25,000       24,944  
PRA Group, Inc.(1)    8.38     02/01/28       40,000       39,928  
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1)    2.88     10/15/26       85,000       75,778  
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1)    3.63     03/01/29       45,000       38,093  
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1)    3.88     03/01/31       130,000       105,164  
Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1)    4.00     10/15/33       75,000       58,775  
SLM Corp.   3.13     11/02/26       105,000       91,998  
Synchrony Financial   7.25     02/02/33       60,000       55,267  
United Wholesale Mortgage LLC(1)    5.50     11/15/25       105,000       100,160  
United Wholesale Mortgage LLC(1)    5.50     04/15/29       45,000       38,858  
United Wholesale Mortgage LLC(1)    5.75     06/15/27       25,000       22,805  
                          2,094,527  
ELECTRIC – 4.8%                            
Algonquin Power & Utilities Corp.   4.75     01/18/82       65,000       52,643  
Atlantica Sustainable Infrastructure PLC(1)    4.13     06/15/28       30,000       27,402  
Calpine Corp.(1)    3.75     03/01/31       75,000       64,061  
Calpine Corp.(1)    4.50     02/15/28       95,000       88,626  
Calpine Corp.(1)    5.25     06/01/26       60,000       58,441  
Clearway Energy Operating LLC(1)    3.75     02/15/31       95,000       81,404  
Clearway Energy Operating LLC(1)    3.75     01/15/32       25,000       20,997  
Clearway Energy Operating LLC(1)    4.75     03/15/28       65,000       61,717  
DPL, Inc.   4.13     07/01/25       65,000       62,565  
Drax FinCo. PLC(1)    6.63     11/01/25       45,000       43,941  
Edison International   8.13     06/15/53       40,000       41,250  
Emera, Inc.   6.75     06/15/76       100,000       95,616  
FirstEnergy Corp.   2.65     03/01/30       50,000       43,238  
FirstEnergy Corp.   3.40     03/01/50       80,000       56,152  
FirstEnergy Corp.   4.15     07/15/27       200,000       194,787  
FirstEnergy Corp.   5.10     07/15/47       34,000       31,419  
FirstEnergy Corp.   7.38     11/15/31       65,000       74,027  
Leeward Renewable Energy Operations LLC(1)    4.25     07/01/29       40,000       36,040  
NextEra Energy Operating Partners LP(1)    4.25     07/15/24       105,000       103,590  
NextEra Energy Operating Partners LP(1)    4.50     09/15/27       45,000       42,374  
NRG Energy, Inc.(1)    3.63     02/15/31       65,000       52,711  
NRG Energy, Inc.(1)    3.88     02/15/32       125,000       101,092  
NRG Energy, Inc.(1)    5.25     06/15/29       70,000       64,649  
NRG Energy, Inc.   5.75     01/15/28       95,000       92,740  
NRG Energy, Inc.   6.63     01/15/27       20,000       20,089  
Pattern Energy Operations LP/Pattern Energy Operations, Inc.(1)    4.50     08/15/28       50,000       46,561  
PG&E Corp.   5.00     07/01/28       100,000       94,232  
PG&E Corp.   5.25     07/01/30       70,000       64,583  

 

The accompanying notes are an integral part of these financial statements.

 

92

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
ELECTRIC – 4.8% (Continued)                            
TransAlta Corp.   6.50     03/15/40     $ 20,000     $ 18,711  
TransAlta Corp.   7.75     11/15/29       45,000       47,308  
Vistra Operations Co. LLC(1)    4.38     05/01/29       145,000       129,769  
Vistra Operations Co. LLC(1)    5.00     07/31/27       85,000       80,914  
Vistra Operations Co. LLC(1)    5.50     09/01/26       55,000       53,979  
Vistra Operations Co. LLC(1)    5.63     02/15/27       115,000       112,347  
                          2,259,975  
ELECTRICAL COMPONENTS & EQUIPMENT – 0.5%                            
EnerSys(1)    4.38     12/15/27       20,000       18,763  
WESCO Distribution, Inc.(1)    7.13     06/15/25       115,000       117,121  
WESCO Distribution, Inc.(1)    7.25     06/15/28       110,000       113,061  
                          248,945  
ELECTRONICS – 1.0%                            
Atkore, Inc.(1)    4.25     06/01/31       35,000       30,849  
Imola Merger Corp.(1)    4.75     05/15/29       155,000       134,394  
Sensata Technologies BV(1)    4.00     04/15/29       140,000       126,683  
Sensata Technologies BV(1)    5.00     10/01/25       45,000       44,372  
Sensata Technologies BV(1)    5.88     09/01/30       55,000       54,065  
Sensata Technologies, Inc.(1)    3.75     02/15/31       55,000       47,841  
TTM Technologies, Inc.(1)    4.00     03/01/29       45,000       38,601  
                          476,805  
ENERGY-ALTERNATE SOURCES – 0.3%                            
TerraForm Power Operating LLC(1)    4.75     01/15/30       45,000       41,787  
TerraForm Power Operating LLC(1)    5.00     01/31/28       65,000       62,309  
Topaz Solar Farms LLC(1)    5.75     09/30/39       49,137       48,516  
                          152,612  
ENGINEERING & CONSTRUCTION – 0.9%                            
AECOM   5.13     03/15/27       100,000       98,103  
Arcosa, Inc.(1)    4.38     04/15/29       30,000       27,364  
Cellnex Finance Co. SA(1)    3.88     07/07/41       55,000       40,961  
Dycom Industries, Inc.(1)    4.50     04/15/29       45,000       41,125  
Fluor Corp.   4.25     09/15/28       80,000       74,174  
Promontoria Holding 264 BV(1)    7.88     03/01/27       35,000       35,423  
TopBuild Corp.(1)    3.63     03/15/29       30,000       25,924  
TopBuild Corp.(1)    4.13     02/15/32       45,000       38,735  
Weekley Homes LLC/Weekley Finance Corp.(1)    4.88     09/15/28       30,000       26,081  
                          407,890  
ENTERTAINMENT – 1.7%                            
Caesars Resort Collection LLC/CRC FinCo., Inc.(1)    5.75     07/01/25       75,000       75,686  
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op(1)    5.50     05/01/25       80,000       79,857  
Cinemark USA, Inc.(1)    8.75     05/01/25       5,000       5,107  
International Game Technology PLC(1)    4.13     04/15/26       95,000       91,291  
International Game Technology PLC(1)    5.25     01/15/29       40,000       38,401  
International Game Technology PLC(1)    6.25     01/15/27       50,000       50,747  
International Game Technology PLC(1)    6.50     02/15/25       43,000       43,584  

 

The accompanying notes are an integral part of these financial statements.

 

93

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
ENTERTAINMENT – 1.7% (Continued)                            
Live Nation Entertainment, Inc.(1)    3.75     01/15/28     $ 40,000     $ 35,900  
Live Nation Entertainment, Inc.(1)    6.50     05/15/27       100,000       101,258  
Resorts World Las Vegas LLC/RWLV Capital, Inc.(1)    4.63     04/16/29       115,000       92,407  
Six Flags Theme Parks, Inc.(1)    7.00     07/01/25       16,000       16,217  
Vail Resorts, Inc.(1)    6.25     05/15/25       40,000       40,347  
WMG Acquisition Corp.(1)    3.00     02/15/31       75,000       61,466  
WMG Acquisition Corp.(1)    3.75     12/01/29       50,000       44,047  
WMG Acquisition Corp.(1)    3.88     07/15/30       30,000       26,517  
                          802,832  
ENVIRONMENTAL CONTROL – 0.8%                            
Clean Harbors, Inc.(1)    4.88     07/15/27       40,000       38,777  
Clean Harbors, Inc.(1)    6.38     02/01/31       65,000       66,389  
GFL Environmental, Inc.(1)    3.50     09/01/28       45,000       40,953  
GFL Environmental, Inc.(1)    3.75     08/01/25       105,000       101,635  
GFL Environmental, Inc.(1)    5.13     12/15/26       45,000       44,336  
Stericycle, Inc.(1)    3.88     01/15/29       35,000       31,528  
Stericycle, Inc.(1)    5.38     07/15/24       60,000       59,724  
                          383,342  
FOOD – 2.3%                            
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1)    3.25     03/15/26       95,000       89,453  
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1)    3.50     03/15/29       125,000       110,884  
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1)    4.63     01/15/27       145,000       140,380  
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1)    4.88     02/15/30       65,000       60,700  
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1)    5.88     02/15/28       55,000       54,517  
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1)    6.50     02/15/28       50,000       50,678  
Ingles Markets, Inc.(1)    4.00     06/15/31       45,000       38,914  
Lamb Weston Holdings, Inc.(1)    4.13     01/31/30       75,000       68,765  
Lamb Weston Holdings, Inc.(1)    4.38     01/31/32       45,000       41,097  
Lamb Weston Holdings, Inc.(1)    4.88     05/15/28       50,000       49,112  
Pilgrim’s Pride Corp.   3.50     03/01/32       60,000       48,357  
Pilgrim’s Pride Corp.   4.25     04/15/31       105,000       91,430  
Pilgrim’s Pride Corp.(1)    5.88     09/30/27       55,000       54,789  
Pilgrim’s Pride Corp.   6.25     07/01/33       85,000       84,189  
US Foods, Inc.(1)    6.25     04/15/25       110,000       110,740  
                          1,094,005  
FOREST PRODUCTS & PAPER – 0.1%                            
Domtar Corp.(1)    6.75     10/01/28       60,000       52,032  
                             
HEALTHCARE-PRODUCTS – 0.7%                            
Avantor Funding, Inc.(1)    3.88     11/01/29       75,000       66,151  
Avantor Funding, Inc.(1)    4.63     07/15/28       120,000       112,382  
Hologic, Inc.(1)    3.25     02/15/29       70,000       63,010  
Hologic, Inc.(1)    4.63     02/01/28       20,000       19,475  
Teleflex, Inc.   4.63     11/15/27       75,000       72,305  
                          333,323  

 

The accompanying notes are an integral part of these financial statements.

 

94

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
HEALTHCARE-SERVICES – 2.8%                            
Charles River Laboratories International, Inc.(1)    3.75     03/15/29     $ 45,000     $ 39,530  
Charles River Laboratories International, Inc.(1)    4.00     03/15/31       35,000       30,530  
Charles River Laboratories International, Inc.(1)    4.25     05/01/28       45,000       41,028  
IQVIA, Inc.(1)    5.00     10/15/26       100,000       98,413  
IQVIA, Inc.(1)    5.00     05/15/27       85,000       83,060  
Molina Healthcare, Inc.(1)    3.88     11/15/30       55,000       48,567  
Molina Healthcare, Inc.(1)    3.88     05/15/32       55,000       47,189  
Molina Healthcare, Inc.(1)    4.38     06/15/28       78,000       73,216  
Pediatrix Medical Group, Inc.(1)    5.38     02/15/30       40,000       36,575  
Tenet Healthcare Corp.   4.25     06/01/29       150,000       137,752  
Tenet Healthcare Corp.   4.38     01/15/30       115,000       105,806  
Tenet Healthcare Corp.   4.63     07/15/24       80,000       79,433  
Tenet Healthcare Corp.   4.88     01/01/26       170,000       167,668  
Tenet Healthcare Corp.   5.13     11/01/27       120,000       116,582  
Tenet Healthcare Corp.(1)    6.13     06/15/30       165,000       163,352  
Toledo Hospital   4.98     11/15/45       25,000       16,097  
Toledo Hospital   5.33     11/15/28       20,000       17,575  
Toledo Hospital   6.02     11/15/48       40,000       28,250  
                          1,330,623  
HOLDING COMPANIES-DIVERS – 0.1%                            
Stena International SA(1)    6.13     02/01/25       35,000       33,983  
                             
HOME BUILDERS – 1.6%                            
Century Communities, Inc.(1)    3.88     08/15/29       30,000       26,278  
Century Communities, Inc.   6.75     06/01/27       50,000       50,283  
Forestar Group, Inc.(1)    3.85     05/15/26       50,000       46,298  
KB Home   4.00     06/15/31       30,000       25,991  
KB Home   4.80     11/15/29       15,000       14,012  
KB Home   6.88     06/15/27       15,000       15,417  
KB Home   7.25     07/15/30       50,000       51,455  
LGI Homes, Inc.(1)    4.00     07/15/29       30,000       24,536  
M/I Homes, Inc.   3.95     02/15/30       20,000       17,725  
M/I Homes, Inc.   4.95     02/01/28       25,000       23,451  
Mattamy Group Corp.(1)    4.63     03/01/30       40,000       35,113  
Mattamy Group Corp.(1)    5.25     12/15/27       55,000       51,251  
Meritage Homes Corp.(1)    3.88     04/15/29       55,000       49,589  
Meritage Homes Corp.   6.00     06/01/25       20,000       20,128  
Shea Homes LP/Shea Homes Funding Corp.   4.75     02/15/28       60,000       54,673  
Taylor Morrison Communities, Inc.(1)    5.13     08/01/30       20,000       18,774  
Taylor Morrison Communities, Inc.(1)    5.75     01/15/28       55,000       54,577  
Taylor Morrison Communities, Inc.(1)    5.88     06/15/27       55,000       54,922  
TRI Pointe Group, Inc./TRI Pointe Homes, Inc.   5.88     06/15/24       75,000       74,935  
Tri Pointe Homes, Inc.   5.70     06/15/28       25,000       24,572  
Winnebago Industries, Inc.(1)    6.25     07/15/28       5,000       4,843  
                          738,823  

 

The accompanying notes are an integral part of these financial statements.

 

95

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
HOME FURNISHINGS – 0.2%                            
Tempur Sealy International, Inc.(1)    3.88     10/15/31     $ 70,000     $ 58,133  
Tempur Sealy International, Inc.(1)    4.00     04/15/29       65,000       56,933  
                          115,066  
HOUSEHOLD PRODUCTS/WARES – 0.3%                            
ACCO Brands Corp.(1)    4.25     03/15/29       55,000       46,406  
Central Garden & Pet Co.   4.13     10/15/30       70,000       60,077  
Central Garden & Pet Co.(1)    4.13     04/30/31       30,000       25,303  
                          131,786  
HOUSEWARES – 0.8%                            
Newell Brands, Inc.   4.70     04/01/26       145,000       138,626  
Newell Brands, Inc.   4.88     06/01/25       45,000       43,854  
Newell Brands, Inc.   5.88     04/01/36       35,000       29,753  
Newell Brands, Inc.   6.00     04/01/46       50,000       39,000  
Newell Brands, Inc.   6.38     09/15/27       50,000       49,375  
Newell Brands, Inc.   6.63     09/15/29       55,000       54,433  
                          355,041  
INSURANCE – 0.9%                            
Assurant, Inc.   7.00     03/27/48       45,000       43,138  
Enstar Finance LLC   5.50     01/15/42       45,000       32,457  
Enstar Finance LLC   5.75     09/01/40       25,000       20,990  
Genworth Holdings, Inc.   6.50     06/15/34       25,000       22,311  
Global Atlantic Finance Co.(1)    4.70     10/15/51       60,000       48,025  
Liberty Mutual Group, Inc.(1)    4.13     12/15/51       85,000       68,656  
Liberty Mutual Group, Inc.(1)    4.30     02/01/61       55,000       32,809  
MGIC Investment Corp.   5.25     08/15/28       60,000       57,394  
NMI Holdings, Inc.(1)    7.38     06/01/25       35,000       35,624  
Ohio National Financial Services, Inc.(1)    6.63     05/01/31       25,000       23,555  
Ohio National Financial Services, Inc.(1)    6.80     01/24/30       50,000       47,525  
                          432,484  
INTERNET – 1.3%                            
Cogent Communications Group, Inc.(1)    3.50     05/01/26       40,000       37,225  
Gen Digital, Inc.(1)    5.00     04/15/25       85,000       84,163  
Gen Digital, Inc.(1)    6.75     09/30/27       75,000       75,677  
Gen Digital, Inc.(1)    7.13     09/30/30       55,000       55,301  
Go Daddy Operating Co. LLC/GD Finance Co., Inc.(1)    3.50     03/01/29       55,000       47,713  
Go Daddy Operating Co. LLC/GD Finance Co., Inc.(1)    5.25     12/01/27       40,000       38,475  
Match Group Holdings II LLC(1)    3.63     10/01/31       45,000       36,813  
Match Group Holdings II LLC(1)    4.13     08/01/30       45,000       38,522  
Match Group Holdings II LLC(1)    4.63     06/01/28       45,000       41,570  
Match Group Holdings II LLC(1)    5.00     12/15/27       20,000       18,872  
Match Group Holdings II LLC(1)    5.63     02/15/29       30,000       28,255  
Rakuten Group, Inc.(1)    10.25     11/30/24       65,000       64,064  
Ziff Davis, Inc.(1)    4.63     10/15/30       30,000       26,390  
                          593,040  

 

The accompanying notes are an integral part of these financial statements.

 

96

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
INVESTMENT COMPANIES – 0.9%                            
Icahn Enterprises LP/Icahn Enterprises Finance Corp.   4.38     02/01/29     $ 60,000     $ 52,752  
Icahn Enterprises LP/Icahn Enterprises Finance Corp.   4.75     09/15/24       145,000       143,263  
Icahn Enterprises LP/Icahn Enterprises Finance Corp.   5.25     05/15/27       125,000       117,991  
Icahn Enterprises LP/Icahn Enterprises Finance Corp.   6.25     05/15/26       105,000       103,456  
                          417,462  
IRON/STEEL – 1.3%                            
Big River Steel LLC/BRS Finance Corp.(1)    6.63     01/31/29       45,000       44,674  
Carpenter Technology Corp.   6.38     07/15/28       30,000       29,774  
Carpenter Technology Corp.   7.63     03/15/30       25,000       25,598  
Cleveland-Cliffs, Inc.(1)    4.63     03/01/29       30,000       27,211  
Cleveland-Cliffs, Inc.(1)    4.88     03/01/31       30,000       26,388  
Cleveland-Cliffs, Inc.   5.88     06/01/27       50,000       49,149  
Cleveland-Cliffs, Inc.(1)    6.75     03/15/26       60,000       61,099  
Cleveland-Cliffs, Inc.(1)    6.75     04/15/30       65,000       63,260  
Commercial Metals Co.   3.88     02/15/31       55,000       48,262  
Commercial Metals Co.   4.13     01/15/30       25,000       22,405  
Mineral Resources Ltd.(1)    8.13     05/01/27       90,000       90,876  
Mineral Resources Ltd.(1)    8.50     05/01/30       65,000       66,207  
United States Steel Corp.   6.65     06/01/37       25,000       23,668  
United States Steel Corp.   6.88     03/01/29       39,000       38,362  
                          616,933  
LEISURE TIME – 0.9%                            
Carnival Corp.(1)    4.00     08/01/28       190,000       164,897  
Royal Caribbean Cruises Ltd.(1)    8.25     01/15/29       80,000       84,313  
Royal Caribbean Cruises Ltd.(1)    11.50     06/01/25       125,000       132,825  
Vista Outdoor, Inc.(1)    4.50     03/15/29       45,000       35,457  
                          417,492  
LODGING – 2.5%                            
Boyd Gaming Corp.   4.75     12/01/27       75,000       72,449  
Boyd Gaming Corp.(1)    4.75     06/15/31       75,000       68,736  
Genting New York LLC/GENNY Capital, Inc.(1)    3.30     02/15/26       55,000       50,025  
Hilton Domestic Operating Co., Inc.(1)    3.63     02/15/32       120,000       102,517  
Hilton Domestic Operating Co., Inc.(1)    3.75     05/01/29       65,000       58,656  
Hilton Domestic Operating Co., Inc.(1)    4.00     05/01/31       90,000       79,684  
Hilton Domestic Operating Co., Inc.   4.88     01/15/30       90,000       85,528  
Hilton Domestic Operating Co., Inc.(1)    5.38     05/01/25       35,000       34,980  
Hilton Domestic Operating Co., Inc.(1)    5.75     05/01/28       25,000       24,972  
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.   4.88     04/01/27       70,000       69,144  
Las Vegas Sands Corp.   2.90     06/25/25       30,000       28,440  
Las Vegas Sands Corp.   3.20     08/08/24       150,000       145,317  
Las Vegas Sands Corp.   3.50     08/18/26       85,000       79,956  
Las Vegas Sands Corp.   3.90     08/08/29       60,000       54,805  
Travel + Leisure Co.(1)    4.50     12/01/29       55,000       48,042  
Travel + Leisure Co.   6.00     04/01/27       40,000       39,398  
Travel + Leisure Co.   6.60     10/01/25       75,000       75,271  
Travel + Leisure Co.(1)    6.63     07/31/26       55,000       54,942  
Wyndham Hotels & Resorts, Inc.(1)    4.38     08/15/28       30,000       27,924  
                          1,200,786  

 

The accompanying notes are an integral part of these financial statements.

 

97

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
MACHINERY-CONSTRUCTION & MINING – 0.2%                            
BWX Technologies, Inc.(1)    4.13     06/30/28     $ 45,000     $ 41,406  
BWX Technologies, Inc.(1)    4.13     04/15/29       35,000       31,714  
                          73,120  
MACHINERY-DIVERSIFIED – 0.1%                            
GrafTech Finance, Inc.(1)    4.63     12/15/28       30,000       25,245  
Mueller Water Products, Inc.(1)    4.00     06/15/29       30,000       27,129  
                          52,374  
MEDIA – 7.2%                            
AMC Networks, Inc.   4.25     02/15/29       105,000       72,856  
AMC Networks, Inc.   4.75     08/01/25       85,000       78,957  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    4.25     02/01/31       115,000       94,313  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    4.25     01/15/34       90,000       68,657  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    4.50     08/15/30       105,000       88,284  
CCO Holdings LLC/CCO Holdings Capital Corp.   4.50     05/01/32       125,000       100,227  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    4.50     06/01/33       50,000       39,857  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    4.75     03/01/30       135,000       116,338  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    4.75     02/01/32       45,000       37,287  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    5.00     02/01/28       95,000       87,976  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    5.13     05/01/27       175,000       165,391  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    5.38     06/01/29       55,000       50,505  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    6.38     09/01/29       40,000       38,050  
CCO Holdings LLC/CCO Holdings Capital Corp.(1)    7.38     03/01/31       50,000       49,029  
Directv Financing LLC/Directv Financing Co.-Obligor, Inc.(1)    5.88     08/15/27       305,000       267,994  
LCPR Senior Secured Financing DAC(1)    5.13     07/15/29       45,000       38,593  
LCPR Senior Secured Financing DAC(1)    6.75     10/15/27       115,000       109,394  
News Corp.(1)    3.88     05/15/29       100,000       88,875  
News Corp.(1)    5.13     02/15/32       25,000       23,046  
Nexstar Media, Inc.(1)    4.75     11/01/28       85,000       74,793  
Nexstar Media, Inc.(1)    5.63     07/15/27       140,000       131,630  
Paramount Global   6.25     02/28/57       50,000       38,920  
Paramount Global   6.38     03/30/62       100,000       85,888  
Scripps Escrow II, Inc.(1)    3.88     01/15/29       30,000       23,349  
Sinclair Television Group, Inc.(1)    4.13     12/01/30       70,000       55,749  
Sirius XM Radio, Inc.(1)    3.13     09/01/26       85,000       76,163  
Sirius XM Radio, Inc.(1)    3.88     09/01/31       140,000       105,951  
Sirius XM Radio, Inc.(1)    4.00     07/15/28       175,000       147,934  
Sirius XM Radio, Inc.(1)    4.13     07/01/30       115,000       92,369  
Sirius XM Radio, Inc.(1)    5.00     08/01/27       115,000       105,911  
Sirius XM Radio, Inc.(1)    5.50     07/01/29       100,000       89,188  
TEGNA, Inc.   4.63     03/15/28       85,000       75,994  
TEGNA, Inc.(1)    4.75     03/15/26       40,000       38,238  
TEGNA, Inc.   5.00     09/15/29       95,000       83,268  
UPC Broadband FinCo. BV(1)    4.88     07/15/31       105,000       90,717  
Videotron Ltd.(1)    3.63     06/15/29       20,000       17,315  
Videotron Ltd.(1)    5.13     04/15/27       85,000       82,153  
Videotron Ltd.(1)    5.38     06/15/24       25,000       24,988  

 

The accompanying notes are an integral part of these financial statements.

 

98

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
MEDIA – 7.2% (Continued)                            
Virgin Media Secured Finance PLC(1)    4.50     08/15/30     $ 80,000     $ 68,613  
Virgin Media Secured Finance PLC(1)    5.50     05/15/29       115,000       105,698  
VZ Secured Financing BV(1)    5.00     01/15/32       105,000       87,740  
Ziggo BV(1)    4.88     01/15/30       100,000       86,226  
                          3,404,424  
METAL FABRICATE/HARDWARE – 0.1%                            
Advanced Drainage Systems, Inc.(1)    6.38     06/15/30       50,000       49,514  
                             
MINING – 1.5%                            
Arconic Corp.(1)    6.00     05/15/25       70,000       69,770  
Arconic Corp.(1)    6.13     02/15/28       60,000       59,271  
FMG Resources August 2006 Pty Ltd.(1)    4.38     04/01/31       150,000       130,474  
FMG Resources August 2006 Pty Ltd.(1)    4.50     09/15/27       55,000       52,330  
FMG Resources August 2006 Pty Ltd.(1)    5.13     05/15/24       55,000       54,731  
FMG Resources August 2006 Pty Ltd.(1)    5.88     04/15/30       50,000       48,537  
FMG Resources August 2006 Pty Ltd.(1)    6.13     04/15/32       55,000       53,299  
Novelis Corp.(1)    3.25     11/15/26       70,000       64,159  
Novelis Corp.(1)    3.88     08/15/31       45,000       37,748  
Novelis Corp.(1)    4.75     01/30/30       135,000       122,363  
                          692,682  
MISCELLANEOUS MANUFACTURER – 0.4%                            
Amsted Industries, Inc.(1)    5.63     07/01/27       70,000       68,721  
Hillenbrand, Inc.   3.75     03/01/31       35,000       29,957  
Hillenbrand, Inc.   5.00     09/15/26       25,000       24,350  
Hillenbrand, Inc.   5.75     06/15/25       50,000       49,931  
Trinity Industries, Inc.   4.55     10/01/24       25,000       24,404  
                          197,363  
OFFICE FURNISHINGS – 0.1%                            
Steelcase, Inc.   5.13     01/18/29       40,000       35,655  
                             
OFFICE/BUSINESS EQUIPMENT – 0.4%                            
Xerox Corp.   3.80     05/15/24       25,000       24,486  
Xerox Corp.   4.80     03/01/35       40,000       26,433  
Xerox Corp.   6.75     12/15/39       25,000       19,051  
Xerox Holdings Corp.(1)    5.00     08/15/25       80,000       76,324  
Xerox Holdings Corp.(1)    5.50     08/15/28       45,000       38,843  
                          185,137  
OIL & GAS – 7.7%                            
Antero Resources Corp.(1)    5.38     03/01/30       50,000       46,894  
Antero Resources Corp.(1)    7.63     02/01/29       24,000       24,594  
Apache Corp.   4.25     01/15/30       86,000       78,688  
Apache Corp.   4.75     04/15/43       30,000       23,428  
Apache Corp.   5.10     09/01/40       170,000       145,930  
Apache Corp.   5.35     07/01/49       35,000       27,313  
Baytex Energy Corp.(1)    8.50     04/30/30       65,000       65,418  

 

The accompanying notes are an integral part of these financial statements.

 

99

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
OIL & GAS – 7.7% (Continued)                            
Baytex Energy Corp.(1)    8.75     04/01/27     $ 35,000     $ 36,058  
Chesapeake Energy Corp.(1)    5.50     02/01/26       20,000       19,816  
Chesapeake Energy Corp.(1)    5.88     02/01/29       45,000       43,091  
Chesapeake Energy Corp.(1)    6.75     04/15/29       85,000       84,228  
Chord Energy Corp.(1)    6.38     06/01/26       25,000       24,942  
Civitas Resources, Inc.(1)    5.00     10/15/26       40,000       37,644  
CNX Resources Corp.(1)    6.00     01/15/29       45,000       41,678  
CNX Resources Corp.(1)    7.25     03/14/27       24,000       23,758  
CNX Resources Corp.(1)    7.38     01/15/31       55,000       53,120  
CrownRock LP/CrownRock Finance, Inc.(1)    5.63     10/15/25       132,000       130,436  
Endeavor Energy Resources LP/EER Finance, Inc.(1)    5.75     01/30/28       85,000       84,684  
Harbour Energy PLC(1)    5.50     10/15/26       30,000       27,519  
Hilcorp Energy I LP/Hilcorp Finance Co.(1)    5.75     02/01/29       25,000       23,379  
Hilcorp Energy I LP/Hilcorp Finance Co.(1)    6.00     04/15/30       55,000       51,311  
Hilcorp Energy I LP/Hilcorp Finance Co.(1)    6.00     02/01/31       45,000       41,642  
Hilcorp Energy I LP/Hilcorp Finance Co.(1)    6.25     11/01/28       55,000       52,743  
Hilcorp Energy I LP/Hilcorp Finance Co.(1)    6.25     04/15/32       40,000       37,435  
Matador Resources Co.   5.88     09/15/26       60,000       58,920  
Matador Resources Co.(1)    6.88     04/15/28       40,000       40,298  
Murphy Oil Corp.   5.88     12/01/27       40,000       39,390  
Murphy Oil Corp.   6.13     12/01/42       55,000       47,170  
Murphy Oil Corp.   6.38     07/15/28       50,000       49,872  
Neptune Energy Bondco PLC(1)    6.63     05/15/25       70,000       69,095  
Occidental Petroleum Corp.   2.90     08/15/24       45,000       43,677  
Occidental Petroleum Corp.   3.50     08/15/29       30,000       27,372  
Occidental Petroleum Corp.   4.20     03/15/48       35,000       27,360  
Occidental Petroleum Corp.   5.55     03/15/26       60,000       60,580  
Occidental Petroleum Corp.   5.88     09/01/25       55,000       55,639  
Occidental Petroleum Corp.   6.13     01/01/31       60,000       62,795  
Occidental Petroleum Corp.   6.20     03/15/40       65,000       66,823  
Occidental Petroleum Corp.   6.38     09/01/28       30,000       31,319  
Occidental Petroleum Corp.   6.45     09/15/36       100,000       106,215  
Occidental Petroleum Corp.   6.60     03/15/46       105,000       112,187  
Occidental Petroleum Corp.   6.63     09/01/30       80,000       85,479  
Occidental Petroleum Corp.   7.50     05/01/31       40,000       44,683  
Occidental Petroleum Corp.   7.88     09/15/31       50,000       56,729  
Occidental Petroleum Corp.   7.95     06/15/39       20,000       22,955  
Occidental Petroleum Corp.   8.50     07/15/27       80,000       88,172  
Occidental Petroleum Corp.   8.88     07/15/30       80,000       94,078  
Parkland Corp.(1)    4.50     10/01/29       105,000       92,125  
Parkland Corp.(1)    4.63     05/01/30       45,000       39,208  
Parkland Corp.(1)    5.88     07/15/27       20,000       19,502  
Patterson-UTI Energy, Inc.   3.95     02/01/28       45,000       40,521  
Patterson-UTI Energy, Inc.   5.15     11/15/29       20,000       17,878  
PBF Holding Co. LLC/PBF Finance Corp.   6.00     02/15/28       85,000       78,300  
PBF Holding Co. LLC/PBF Finance Corp.   7.25     06/15/25       58,000       57,864  
PDC Energy, Inc.   5.75     05/15/26       65,000       63,182  
Petrofac Ltd.(1)    9.75     11/15/26       25,000       17,516  

 

The accompanying notes are an integral part of these financial statements.

 

100

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
OIL & GAS – 7.7% (Continued)                            
Range Resources Corp.(1)    4.75     02/15/30     $ 25,000     $ 23,029  
Range Resources Corp.   4.88     05/15/25       75,000       74,095  
Range Resources Corp.   8.25     01/15/29       30,000       31,342  
Southwestern Energy Co.   4.75     02/01/32       75,000       66,237  
Southwestern Energy Co.   5.38     02/01/29       50,000       47,189  
Southwestern Energy Co.   5.38     03/15/30       105,000       97,823  
Southwestern Energy Co.   5.70     01/23/25       110,000       109,914  
Sunoco LP/Sunoco Finance Corp.   4.50     05/15/29       75,000       67,654  
Sunoco LP/Sunoco Finance Corp.   4.50     04/30/30       85,000       75,959  
Sunoco LP/Sunoco Finance Corp.   5.88     03/15/28       15,000       14,681  
Sunoco LP/Sunoco Finance Corp.   6.00     04/15/27       30,000       29,875  
Valaris Ltd.(1)    8.38     04/30/30       60,000       60,088  
Viper Energy Partners LP(1)    5.38     11/01/27       15,000       14,517  
                          3,655,056  
OIL & GAS SERVICES – 0.1%                            
Weatherford International Ltd.(1)    6.50     09/15/28       40,000       40,043  
                             
PACKAGING & CONTAINERS – 2.9%                            
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(1)    3.25     09/01/28       50,000       43,838  
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(1)    6.00     06/15/27       50,000       49,800  
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1)    4.13     08/15/26       105,000       99,075  
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1)    5.25     04/30/25       55,000       54,173  
Ball Corp.   2.88     08/15/30       125,000       104,835  
Ball Corp.   3.13     09/15/31       55,000       45,856  
Ball Corp.   4.88     03/15/26       45,000       44,630  
Ball Corp.   5.25     07/01/25       80,000       80,048  
Ball Corp.   6.88     03/15/28       75,000       78,070  
Berry Global, Inc.(1)    5.63     07/15/27       70,000       69,049  
Cascades, Inc./Cascades USA, Inc.(1)    5.38     01/15/28       30,000       28,500  
Crown Americas LLC   5.25     04/01/30       50,000       48,693  
Crown Americas LLC/Crown Americas Capital Corp. V   4.25     09/30/26       55,000       52,734  
Crown Americas LLC/Crown Americas Capital Corp. VI   4.75     02/01/26       85,000       83,425  
Graphic Packaging International LLC(1)    3.50     03/15/28       75,000       68,066  
Graphic Packaging International LLC(1)    3.75     02/01/30       60,000       53,700  
OI European Group BV(1)    4.75     02/15/30       45,000       41,366  
Sealed Air Corp.(1)    4.00     12/01/27       50,000       46,802  
Sealed Air Corp.(1)    5.00     04/15/29       45,000       43,180  
Sealed Air Corp.(1)    5.13     12/01/24       20,000       19,875  
Sealed Air Corp.(1)    5.50     09/15/25       30,000       30,065  
Sealed Air Corp.(1)    6.88     07/15/33       20,000       21,266  
Sealed Air Corp./Sealed Air Corp. US(1)    6.13     02/01/28       75,000       76,201  
Silgan Holdings, Inc.   4.13     02/01/28       65,000       60,844  
TriMas Corp.(1)    4.13     04/15/29       30,000       26,734  
                          1,370,825  

 

The accompanying notes are an integral part of these financial statements.

 

101

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
PHARMACEUTICALS – 1.2%                            
180 Medical, Inc.(1)    3.88     10/15/29     $ 50,000     $ 44,580  
Horizon Therapeutics USA, Inc.(1)    5.50     08/01/27       45,000       46,266  
Jazz Securities DAC(1)    4.38     01/15/29       130,000       119,604  
Organon & Co./Organon Foreign Debt Co.-Issuer BV(1)    4.13     04/30/28       175,000       161,201  
Perrigo Finance Unlimited Co.   4.38     03/15/26       115,000       110,754  
Perrigo Finance Unlimited Co.   4.40     06/15/30       55,000       49,726  
Perrigo Finance Unlimited Co.   4.90     12/15/44       25,000       18,199  
PRA Health Sciences, Inc.(1)    2.88     07/15/26       30,000       27,417  
                          577,747  
PIPELINES – 7.0%                            
Antero Midstream Partners LP/Antero Midstream Finance Corp.(1)    5.38     06/15/29       70,000       65,618  
Antero Midstream Partners LP/Antero Midstream Finance Corp.(1)    5.75     03/01/27       85,000       82,334  
Antero Midstream Partners LP/Antero Midstream Finance Corp.(1)    5.75     01/15/28       30,000       29,097  
Antero Midstream Partners LP/Antero Midstream Finance Corp.(1)    7.88     05/15/26       35,000       35,972  
Buckeye Partners LP   3.95     12/01/26       50,000       45,572  
Buckeye Partners LP(1)    4.13     03/01/25       44,000       42,076  
Buckeye Partners LP   4.13     12/01/27       68,000       61,177  
Buckeye Partners LP(1)    4.50     03/01/28       30,000       27,303  
Buckeye Partners LP   5.85     11/15/43       55,000       42,398  
CNX Midstream Partners LP(1)    4.75     04/15/30       35,000       29,340  
CQP Holdco LP/BIP-V Chinook Holdco LLC(1)    5.50     06/15/31       100,000       93,213  
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(1)    5.63     05/01/27       100,000       96,090  
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.   5.75     04/01/25       15,000       14,797  
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(1)    6.00     02/01/29       45,000       42,456  
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(1)    7.38     02/01/31       50,000       50,052  
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(1)    8.00     04/01/29       30,000       30,555  
DT Midstream, Inc.(1)    4.13     06/15/29       90,000       79,863  
DT Midstream, Inc.(1)    4.38     06/15/31       80,000       69,674  
EnLink Midstream LLC   5.38     06/01/29       45,000       43,496  
EnLink Midstream LLC(1)    5.63     01/15/28       40,000       39,437  
EnLink Midstream LLC(1)    6.50     09/01/30       85,000       85,951  
EnLink Midstream Partners LP   4.15     06/01/25       68,000       65,838  
EnLink Midstream Partners LP   5.05     04/01/45       40,000       31,795  
EnLink Midstream Partners LP   5.45     06/01/47       55,000       45,995  
EnLink Midstream Partners LP   5.60     04/01/44       25,000       20,809  
EQM Midstream Partners LP   4.00     08/01/24       20,000       19,415  
EQM Midstream Partners LP   4.13     12/01/26       65,000       59,070  
EQM Midstream Partners LP(1)    4.50     01/15/29       60,000       51,068  
EQM Midstream Partners LP(1)    4.75     01/15/31       125,000       102,593  
EQM Midstream Partners LP   5.50     07/15/28       70,000       63,874  
EQM Midstream Partners LP(1)    6.00     07/01/25       30,000       29,512  
EQM Midstream Partners LP(1)    6.50     07/01/27       55,000       53,699  
EQM Midstream Partners LP   6.50     07/15/48       30,000       22,755  
EQM Midstream Partners LP(1)    7.50     06/01/27       50,000       49,874  
EQM Midstream Partners LP(1)    7.50     06/01/30       25,000       24,293  
Harvest Midstream I LP(1)    7.50     09/01/28       70,000       68,564  
Hess Midstream Operations LP(1)    4.25     02/15/30       130,000       115,731  
Hess Midstream Operations LP(1)    5.50     10/15/30       20,000       18,636  

 

The accompanying notes are an integral part of these financial statements.

 

102

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
PIPELINES – 7.0% (Continued)                            
Hess Midstream Operations LP(1)    5.63     02/15/26     $ 70,000     $ 68,994  
Holly Energy Partners LP/Holly Energy Finance Corp.(1)    5.00     02/01/28       45,000       42,014  
Kinetik Holdings LP(1)    5.88     06/15/30       70,000       67,133  
New Fortress Energy, Inc.(1)    6.50     09/30/26       120,000       110,653  
New Fortress Energy, Inc.(1)    6.75     09/15/25       100,000       95,368  
Northriver Midstream Finance LP(1)    5.63     02/15/26       30,000       28,199  
NuStar Logistics LP   5.63     04/28/27       55,000       52,550  
NuStar Logistics LP   6.00     06/01/26       85,000       83,757  
NuStar Logistics LP   6.38     10/01/30       40,000       38,563  
Rockies Express Pipeline LLC(1)    3.60     05/15/25       70,000       66,440  
Rockies Express Pipeline LLC(1)    4.95     07/15/29       40,000       36,990  
Rockies Express Pipeline LLC(1)    7.50     07/15/38       80,000       73,427  
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1)    5.50     01/15/28       120,000       111,176  
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1)    6.00     12/31/30       65,000       57,799  
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1)    7.50     10/01/25       65,000       65,567  
Venture Global Calcasieu Pass LLC(1)    3.88     08/15/29       135,000       121,406  
Venture Global Calcasieu Pass LLC(1)    3.88     11/01/33       80,000       67,543  
Venture Global Calcasieu Pass LLC(1)    4.13     08/15/31       110,000       97,574  
Venture Global Calcasieu Pass LLC(1)    6.25     01/15/30       75,000       76,123  
                          3,311,268  
REAL ESTATE – 0.5%                            
Cushman & Wakefield US Borrower LLC(1)    6.75     05/15/28       55,000       51,398  
Greystar Real Estate Partners LLC(1)    5.75     12/01/25       55,000       53,856  
Howard Hughes Corp.(1)    4.13     02/01/29       40,000       33,680  
Howard Hughes Corp.(1)    4.38     02/01/31       70,000       56,790  
Howard Hughes Corp.(1)    5.38     08/01/28       65,000       58,757  
                          254,481  
REAL ESTATE INVESTMENT TRUST (REITS) – 4.2%                            
Apollo Commercial Real Estate Finance, Inc.(1)    4.63     06/15/29       45,000       34,120  
Blackstone Mortgage Trust, Inc.(1)    3.75     01/15/27       35,000       29,290  
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/
GGSI Sellco LL(1) 
  4.50     04/01/27       115,000       95,245  
Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/
GGSI Sellco LL(1) 
  5.75     05/15/26       25,000       22,731  
CTR Partnership LP/CareTrust Capital Corp.(1)    3.88     06/30/28       30,000       26,235  
Global Net Lease, Inc./Global Net Lease Operating Partnership LP(1)    3.75     12/15/27       40,000       30,647  
HAT Holdings I LLC/HAT Holdings II LLC(1)    3.38     06/15/26       115,000       102,201  
HAT Holdings I LLC/HAT Holdings II LLC(1)    3.75     09/15/30       30,000       23,607  
HAT Holdings I LLC/HAT Holdings II LLC(1)    6.00     04/15/25       20,000       19,465  
Iron Mountain, Inc.(1)    4.50     02/15/31       75,000       65,308  
Iron Mountain, Inc.(1)    4.88     09/15/27       60,000       57,286  
Iron Mountain, Inc.(1)    4.88     09/15/29       90,000       82,224  
Iron Mountain, Inc.(1)    5.00     07/15/28       25,000       23,569  
Iron Mountain, Inc.(1)    5.25     03/15/28       55,000       52,980  
Iron Mountain, Inc.(1)    5.25     07/15/30       130,000       119,904  
Iron Mountain, Inc.(1)    5.63     07/15/32       140,000       127,312  
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(1)    4.25     02/01/27       55,000       46,966  

 

The accompanying notes are an integral part of these financial statements.

 

103

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
REAL ESTATE INVESTMENT TRUST (REITS) – 4.2% (Continued)                            
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(1)    4.75     06/15/29     $ 85,000     $ 67,343  
MPT Operating Partnership LP/MPT Finance Corp.   3.50     03/15/31       100,000       68,471  
MPT Operating Partnership LP/MPT Finance Corp.   4.63     08/01/29       75,000       56,885  
MPT Operating Partnership LP/MPT Finance Corp.   5.00     10/15/27       115,000       96,480  
MPT Operating Partnership LP/MPT Finance Corp.   5.25     08/01/26       40,000       35,676  
Necessity Retail REIT, Inc./American Finance Operating Partner LP(1)    4.50     09/30/28       30,000       22,278  
Office Properties Income Trust   2.40     02/01/27       40,000       25,686  
Office Properties Income Trust   2.65     06/15/26       25,000       17,516  
Office Properties Income Trust   3.45     10/15/31       30,000       15,484  
Office Properties Income Trust   4.25     05/15/24       25,000       23,613  
Office Properties Income Trust   4.50     02/01/25       50,000       42,561  
RLJ Lodging Trust LP(1)    3.75     07/01/26       45,000       41,635  
RLJ Lodging Trust LP(1)    4.00     09/15/29       30,000       25,231  
SBA Communications Corp.   3.13     02/01/29       125,000       107,094  
SBA Communications Corp.   3.88     02/15/27       115,000       107,385  
Service Properties Trust   5.50     12/15/27       35,000       30,639  
Service Properties Trust   7.50     09/15/25       80,000       78,470  
Starwood Property Trust, Inc.(1)    3.75     12/31/24       88,000       82,365  
Starwood Property Trust, Inc.(1)    4.38     01/15/27       45,000       38,857  
Starwood Property Trust, Inc.   4.75     03/15/25       50,000       47,323  
                          1,990,082  
RETAIL – 5.0%                            
1011778 BC ULC/New Red Finance, Inc.(1)    3.50     02/15/29       50,000       45,000  
1011778 BC ULC/New Red Finance, Inc.(1)    3.88     01/15/28       140,000       131,506  
1011778 BC ULC/New Red Finance, Inc.(1)    5.75     04/15/25       30,000       30,098  
Abercrombie & Fitch Management Co.(1)    8.75     07/15/25       20,000       20,325  
Academy Ltd.(1)    6.00     11/15/27       20,000       19,668  
Asbury Automotive Group, Inc.   4.50     03/01/28       20,000       18,192  
Asbury Automotive Group, Inc.(1)    4.63     11/15/29       65,000       57,928  
Asbury Automotive Group, Inc.   4.75     03/01/30       40,000       35,546  
Asbury Automotive Group, Inc.(1)    5.00     02/15/32       50,000       43,130  
Bath & Body Works, Inc.   5.25     02/01/28       55,000       52,659  
Bath & Body Works, Inc.(1)    6.63     10/01/30       85,000       81,694  
Bath & Body Works, Inc.   6.75     07/01/36       55,000       49,027  
Bath & Body Works, Inc.   6.88     11/01/35       80,000       72,516  
Bath & Body Works, Inc.   7.50     06/15/29       60,000       61,035  
Bath & Body Works, Inc.(1)    9.38     07/01/25       20,000       21,427  
FirstCash, Inc.(1)    4.63     09/01/28       45,000       41,187  
FirstCash, Inc.(1)    5.63     01/01/30       40,000       37,200  
Foot Locker, Inc.(1)    4.00     10/01/29       20,000       16,940  
Gap, Inc.(1)    3.63     10/01/29       65,000       46,092  
Gap, Inc.(1)    3.88     10/01/31       45,000       31,486  
Group 1 Automotive, Inc.(1)    4.00     08/15/28       45,000       39,975  
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC(1)    4.75     06/01/27       55,000       54,189  
Kohl’s Corp.   4.25     07/17/25       25,000       23,393  
Kohl’s Corp.   4.63     05/01/31       40,000       27,323  
Kohl’s Corp.   5.55     07/17/45       30,000       17,515  
Lithia Motors, Inc.(1)    3.88     06/01/29       100,000       86,704  

 

The accompanying notes are an integral part of these financial statements.

 

104

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
RETAIL – 5.0% (Continued)                            
Lithia Motors, Inc.(1)    4.38     01/15/31     $ 30,000     $ 25,792  
Lithia Motors, Inc.(1)    4.63     12/15/27       25,000       23,342  
Macy’s Retail Holdings LLC   4.50     12/15/34       40,000       28,731  
Macy’s Retail Holdings LLC   5.13     01/15/42       25,000       16,485  
Macy’s Retail Holdings LLC(1)    5.88     04/01/29       55,000       50,431  
Macy’s Retail Holdings LLC(1)    6.13     03/15/32       60,000       52,582  
Marks & Spencer PLC(1)    7.13     12/01/37       30,000       28,108  
Murphy Oil USA, Inc.(1)    3.75     02/15/31       20,000       17,130  
Murphy Oil USA, Inc.   4.75     09/15/29       65,000       60,377  
Nordstrom, Inc.   4.00     03/15/27       30,000       25,819  
Nordstrom, Inc.   4.38     04/01/30       45,000       35,253  
Nordstrom, Inc.   5.00     01/15/44       105,000       65,793  
Nordstrom, Inc.   6.95     03/15/28       20,000       19,325  
Penske Automotive Group, Inc.   3.50     09/01/25       40,000       38,268  
Penske Automotive Group, Inc.   3.75     06/15/29       54,000       47,027  
PetSmart, Inc./PetSmart Finance Corp.(1)    4.75     02/15/28       100,000       94,631  
Sally Holdings LLC/Sally Capital, Inc.   5.63     12/01/25       50,000       49,447  
Sonic Automotive, Inc.(1)    4.63     11/15/29       30,000       25,201  
Sonic Automotive, Inc.(1)    4.88     11/15/31       70,000       56,593  
Superior Plus LP/Superior General Partner, Inc.(1)    4.50     03/15/29       50,000       44,338  
Yum! Brands, Inc.   3.63     03/15/31       80,000       70,769  
Yum! Brands, Inc.   4.63     01/31/32       25,000       23,340  
Yum! Brands, Inc.(1)    4.75     01/15/30       95,000       91,985  
Yum! Brands, Inc.   5.38     04/01/32       165,000       161,096  
Yum! Brands, Inc.   6.88     11/15/37       30,000       32,089  
                          2,345,707  
SEMICONDUCTORS – 0.9%                            
Amkor Technology, Inc.(1)    6.63     09/15/27       50,000       50,125  
ams-OSRAM AG(1)    7.00     07/31/25       40,000       37,405  
Entegris Escrow Corp.(1)    4.75     04/15/29       125,000       116,402  
Entegris Escrow Corp.(1)    5.95     06/15/30       85,000       80,884  
Entegris, Inc.(1)    4.38     04/15/28       55,000       50,412  
ON Semiconductor Corp.(1)    3.88     09/01/28       50,000       45,062  
Synaptics, Inc.(1)    4.00     06/15/29       40,000       33,843  
                          414,133  
SOFTWARE – 1.2%                            
Fair Isaac Corp.(1)    4.00     06/15/28       75,000       69,977  
Fair Isaac Corp.(1)    5.25     05/15/26       30,000       29,551  
Open Text Corp.(1)    3.88     02/15/28       85,000       75,468  
Open Text Corp.(1)    3.88     12/01/29       70,000       58,918  
Open Text Holdings, Inc.(1)    4.13     02/15/30       65,000       55,603  
Open Text Holdings, Inc.(1)    4.13     12/01/31       65,000       53,871  
PTC, Inc.(1)    3.63     02/15/25       40,000       38,634  
PTC, Inc.(1)    4.00     02/15/28       40,000       37,251  
ROBLOX Corp.(1)    3.88     05/01/30       90,000       76,070  
Twilio, Inc.   3.63     03/15/29       45,000       38,474  
Twilio, Inc.   3.88     03/15/31       35,000       29,283  
                          563,100  

 

The accompanying notes are an integral part of these financial statements.

 

105

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
TELECOMMUNICATIONS – 2.5%                            
British Telecommunications PLC(1)    4.25     11/23/81     $ 45,000     $ 39,741  
British Telecommunications PLC(1)    4.88     11/23/81       40,000       31,862  
Ciena Corp.(1)    4.00     01/31/30       30,000       26,389  
Hughes Satellite Systems Corp.   5.25     08/01/26       65,000       62,235  
Level 3 Financing, Inc.(1)    3.40     03/01/27       65,000       50,921  
Level 3 Financing, Inc.(1)    3.88     11/15/29       60,000       43,873  
Level 3 Financing, Inc.(1)    10.50     05/15/30       75,000       71,876  
Millicom International Cellular SA(1)    4.50     04/27/31       95,000       73,611  
Millicom International Cellular SA(1)    6.25     03/25/29       49,500       44,416  
Rogers Communications, Inc.(1)    5.25     03/15/82       65,000       58,796  
Sable International Finance Ltd.(1)    5.75     09/07/27       50,000       47,192  
United States Cellular Corp.   6.70     12/15/33       45,000       41,010  
Viasat, Inc.(1)    5.63     04/15/27       50,000       46,426  
Viavi Solutions, Inc.(1)    3.75     10/01/29       30,000       25,087  
Vmed O2 UK Financing I PLC(1)    4.25     01/31/31       105,000       87,154  
Vmed O2 UK Financing I PLC(1)    4.75     07/15/31       120,000       102,393  
Vodafone Group PLC   3.25     06/04/81       25,000       21,905  
Vodafone Group PLC   4.13     06/04/81       75,000       60,754  
Vodafone Group PLC   5.13     06/04/81       105,000       79,689  
Vodafone Group PLC   7.00     04/04/79       160,000       164,270  
                          1,179,600  
TOYS/GAMES/HOBBIES – 0.4%                            
Mattel, Inc.(1)    3.38     04/01/26       45,000       42,610  
Mattel, Inc.(1)    3.75     04/01/29       75,000       67,775  
Mattel, Inc.   5.45     11/01/41       35,000       31,157  
Mattel, Inc.(1)    5.88     12/15/27       50,000       50,106  
                          191,648  
TRANSPORTATION – 0.4%                            
Cargo Aircraft Management, Inc.(1)    4.75     02/01/28       45,000       40,441  
First Student Bidco, Inc./First Transit Parent, Inc.(1)    4.00     07/31/29       55,000       47,728  
Rand Parent LLC(1)    8.50     02/15/30       75,000       68,030  
XPO CNW, Inc.   6.70     05/01/34       25,000       22,938  
XPO Escrow Sub LLC(1)    7.50     11/15/27       30,000       30,780  
                          209,917  
TRUCKING & LEASING – 0.4%                            
AerCap Global Aviation Trust(1)    6.50     06/15/45       45,000       42,330  
Fortress Transportation & Infrastructure Investors LLC(1)    5.50     05/01/28       75,000       68,834  
Fortress Transportation & Infrastructure Investors LLC(1)    6.50     10/01/25       50,000       49,443  
Fortress Transportation & Infrastructure Investors LLC(1)    9.75     08/01/27       40,000       41,695  
                          202,302  
TOTAL CORPORATE BONDS (Cost - $46,586,869)                         46,131,135  

 

The accompanying notes are an integral part of these financial statements.

 

106

 

 

BONDBLOXX ETF TRUST

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
SHORT-TERM INVESTMENTS – 1.0%                            
GOVERNMENT OBLIGATIONS – 0.6%                            
U.S. Treasury Bill   ZCP     07/11/23     $ 275,000     $ 272,362  
                             
TIME DEPOSITS – 0.4%                            
Citibank, New York   4.18     05/01/23       181,003       181,003  
TOTAL SHORT-TERM INVESTMENTS (Cost - $453,482)                         453,365  
                             
TOTAL INVESTMENTS – 98.5% (Cost - $47,040,351)                       $ 46,584,500  
OTHER ASSETS LESS LIABILITIES – 1.5%                         705,803  
NET ASSETS – 100.0%                       $ 47,290,303  

 

ZCP Indicates a zero coupon rate.

 

(1)  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that Rule except to qualified institutional buyers. The aggregate value of Rule 144A holdings at April 30, 2023, amounts to $29,811,376 and represents 63.0% of net assets. These securities have been deemed liquid under procedures approved by the Trust’s Board of Trustees.
(2)  Security is perpetual in nature and has no stated maturity date.

 

The accompanying notes are an integral part of these financial statements.

 

107

 

 

BONDBLOXX ETF TRUST

 

BondBloxx CCC Rated USD High Yield Corporate Bond ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
CORPORATE BONDS – 97.0%                            
ADVERTISING – 2.0%                            
Clear Channel Outdoor Holdings, Inc.(1)    7.50     06/01/29     $ 100,000     $ 74,089  
Clear Channel Outdoor Holdings, Inc.(1)    7.75     04/15/28       60,000       45,595  
CMG Media Corp.(1)    8.88     12/15/27       90,000       69,888  
                          189,572  
AEROSPACE/DEFENSE – 1.1%                            
Spirit AeroSystems, Inc.   4.60     06/15/28       65,000       55,215  
Triumph Group, Inc.   7.75     08/15/25       50,000       46,576  
                          101,791  
AGRICULTURE – 0.5%                            
Vector Group Ltd.(1)    10.50     11/01/26       50,000       50,407  
                             
AIRLINES – 0.4%                            
American Airlines Group, Inc.(1)    3.75     03/01/25       45,000       42,431  
                             
AUTO MANUFACTURERS – 1.9%                            
Aston Martin Capital Holdings Ltd.(1)    10.50     11/30/25       95,000       93,458  
McLaren Finance PLC(1)    7.50     08/01/26       55,000       45,298  
PM General Purchaser LLC(1)    9.50     10/01/28       40,000       37,939  
                          176,695  
AUTO PARTS & EQUIPMENT – 2.7%                            
Clarios Global LP/Clarios US Finance Co.(1)    8.50     05/15/27       140,000       141,081  
Dealer Tire LLC/DT Issuer LLC(1)    8.00     02/01/28       35,000       32,510  
Dornoch Debt Merger Sub, Inc.(1)    6.63     10/15/29       55,000       40,814  
Real Hero Merger Sub 2, Inc.(1)    6.25     02/01/29       55,000       41,443  
                          255,848  
BEVERAGES – 0.4%                            
Triton Water Holdings, Inc.(1)    6.25     04/01/29       45,000       37,841  
                             
BUILDING MATERIALS – 1.3%                            
Cornerstone Building Brands, Inc.(1)    6.13     01/15/29       25,000       18,842  
CP Atlas Buyer, Inc.(1)    7.00     12/01/28       42,000       31,606  
Oscar Acquisition Co. LLC/Oscar Finance, Inc.(1)    9.50     04/15/30       50,000       43,803  
Victors Merger Corp.(1)    6.38     05/15/29       40,000       24,359  
                          118,610  
CHEMICALS – 2.9%                            
ASP Unifrax Holdings, Inc.(1)    7.50     09/30/29       30,000       21,557  
Illuminate Buyer LLC/Illuminate Holdings IV, Inc.(1)    9.00     07/01/28       30,000       26,656  
Innophos Holdings, Inc.(1)    9.38     02/15/28       20,000       20,097  
Iris Holding, Inc.(1)    10.00     12/15/28       35,000       27,775  
LSF11 A5 Hold Co. LLC(1)    6.63     10/15/29       28,000       24,140  
Olympus Water US Holding Corp.(1)    6.25     10/01/29       35,000       28,157  
Rayonier AM Products, Inc.(1)    5.50     06/01/24       25,000       25,098  
SCIH Salt Holdings, Inc.(1)    6.63     05/01/29       60,000       50,077  
Vibrantz Technologies, Inc.(1)    9.00     02/15/30       65,000       49,763  
                          273,320  

 

The accompanying notes are an integral part of these financial statements.

 

108

 

 

BONDBLOXX ETF TRUST

 

BondBloxx CCC Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
COAL – 0.2%                            
Conuma Resources Ltd.(1)    13.13     05/01/28     $ 20,000     $ 19,500  
                             
COMMERCIAL SERVICES – 6.2%                            
Allied Universal Holdco LLC/Allied Universal Finance Corp.(1)    6.00     06/01/29       75,000       58,869  
Allied Universal Holdco LLC/Allied Universal Finance Corp.(1)    9.75     07/15/27       85,000       79,181  
Aptim Corp.(1)    7.75     06/15/25       50,000       39,745  
Cimpress PLC   7.00     06/15/26       55,000       46,124  
Deluxe Corp.(1)    8.00     06/01/29       50,000       38,671  
Garda World Security Corp.(1)    6.00     06/01/29       50,000       41,170  
Garda World Security Corp.(1)    9.50     11/01/27       40,000       38,384  
Metis Merger Sub LLC(1)    6.50     05/15/29       65,000       55,156  
MPH Acquisition Holdings LLC(1)    5.75     11/01/28       80,000       50,675  
PECF USS Intermediate Holding III Corp.(1)    8.00     11/15/29       50,000       32,681  
Signal Parent, Inc.(1)    6.13     04/01/29       25,000       10,446  
Verscend Escrow Corp.(1)    9.75     08/15/26       90,000       90,947  
                          582,049  
COMPUTERS – 4.2%                            
Ahead DB Holdings LLC(1)    6.63     05/01/28       40,000       33,441  
Diebold Nixdorf, Inc.(1)    9.38     07/15/25       65,000       28,900  
Exela Intermediate LLC/Exela Finance, Inc.(1)    11.50     07/15/26       110,000       13,295  
McAfee Corp.(1)    7.38     02/15/30       165,000       137,126  
Presidio Holdings, Inc.(1)    8.25     02/01/28       50,000       47,133  
Vericast Corp.(1)    11.00     09/15/26       100,000       106,375  
Virtusa Corp.(1)    7.13     12/15/28       35,000       28,212  
                          394,482  
DISTRIBUTION/WHOLESALE – 0.5%                            
BCPE Empire Holdings, Inc.(1)    7.63     05/01/27       55,000       50,519  
                             
DIVERSIFIED FINANCIAL SERVICES – 4.6%                            
Advisor Group Holdings, Inc.(1)    10.75     08/01/27       25,000       24,834  
Aretec Escrow Issuer, Inc.(1)    7.50     04/01/29       30,000       25,154  
Armor Holdco, Inc.(1)    8.50     11/15/29       24,000       19,938  
Cobra Acquisition Co. LLC(1)    6.38     11/01/29       35,000       20,311  
Curo Group Holdings Corp.(1)    7.50     08/01/28       80,000       31,578  
Finance of America Funding LLC(1)    7.88     11/15/25       35,000       27,510  
Hightower Holding LLC(1)    6.75     04/15/29       20,000       17,374  
Home Point Capital, Inc.(1)    5.00     02/01/26       45,000       38,081  
LD Holdings Group LLC(1)    6.13     04/01/28       50,000       27,556  
LD Holdings Group LLC(1)    6.50     11/01/25       45,000       31,883  
NFP Corp.(1)    6.88     08/15/28       170,000       148,469  
World Acceptance Corp.(1)    7.00     11/01/26       25,000       20,369  
                          433,057  
ELECTRIC – 0.6%                            
Pike Corp.(1)    5.50     09/01/28       60,000       54,498  

 

The accompanying notes are an integral part of these financial statements.

 

109

 

 

BONDBLOXX ETF TRUST

 

BondBloxx CCC Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
ENGINEERING & CONSTRUCTION – 1.4%                            
Artera Services LLC(1)    9.03     12/04/25     $ 80,000     $ 68,820  
INNOVATE Corp.(1)    8.50     02/01/26       30,000       23,401  
Tutor Perini Corp.(1)    6.88     05/01/25       50,000       36,276  
                          128,497  
ENTERTAINMENT – 1.6%                            
Allen Media LLC/Allen Media Co.-Issuer, Inc.(1)    10.50     02/15/28       45,000       24,152  
AMC Entertainment Holdings, Inc.(1)    7.50     02/15/29       80,000       58,075  
Motion Bondco DAC(1)    6.63     11/15/27       25,000       22,658  
Universal Entertainment Corp.(1)    8.50     12/11/24       50,000       47,170  
                          152,055  
ENVIRONMENTAL CONTROL – 1.1%                            
Madison IAQ LLC(1)    5.88     06/30/29       85,000       66,615  
Waste Pro USA, Inc.(1)    5.50     02/15/26       35,000       32,577  
                          99,192  
FOOD – 2.4%                            
B&G Foods, Inc.   5.25     04/01/25       85,000       80,404  
B&G Foods, Inc.   5.25     09/15/27       30,000       26,316  
Chobani LLC/Chobani Finance Corp., Inc.(1)    7.50     04/15/25       35,000       34,357  
H-Food Holdings LLC/Hearthside Finance Co., Inc.(1)    8.50     06/01/26       20,000       12,443  
Sigma Holdco BV(1)    7.88     05/15/26       35,000       28,119  
TreeHouse Foods, Inc.   4.00     09/01/28       45,000       39,867  
                          221,506  
FOOD SERVICE – 0.4%                            
TKC Holdings, Inc.(1)    10.50     05/15/29       60,000       40,705  
                             
FOREST PRODUCTS & PAPER – 0.2%                            
Glatfelter Corp.(1)    4.75     11/15/29       30,000       21,385  
                             
HEALTHCARE-SERVICES – 5.0%                            
AHP Health Partners, Inc.(1)    5.75     07/15/29       15,000       12,825  
Akumin Escrow, Inc.(1)    7.50     08/01/28       50,000       35,160  
Akumin, Inc.(1)    7.00     11/01/25       25,000       19,885  
Cano Health LLC(1)    6.25     10/01/28       35,000       18,772  
CHS/Community Health Systems, Inc.(1)    6.13     04/01/30       100,000       71,262  
CHS/Community Health Systems, Inc.(1)    6.88     04/01/28       45,000       33,281  
CHS/Community Health Systems, Inc.(1)    6.88     04/15/29       120,000       88,908  
Hadrian Merger Sub, Inc.(1)    8.50     05/01/26       24,000       20,610  
LifePoint Health, Inc.(1)    5.38     01/15/29       32,000       20,091  
Radiology Partners, Inc.(1)    9.25     02/01/28       55,000       24,413  
RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.(1)    9.75     12/01/26       110,000       91,624  
Surgery Center Holdings, Inc.(1)    10.00     04/15/27       20,000       20,527  
US Renal Care, Inc.(1)    10.63     07/15/27       42,000       7,560  
                          464,918  

 

The accompanying notes are an integral part of these financial statements.

 

110

 

 

BONDBLOXX ETF TRUST

 

BondBloxx CCC Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
HOUSEHOLD PRODUCTS/WARES – 0.3%                            
Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc.(1)    7.00     12/31/27     $ 35,000     $ 30,799  
                             
HOUSEWARES – 0.4%                            
SWF Escrow Issuer Corp.(1)    6.50     10/01/29       55,000       33,610  
                             
INSURANCE – 7.4%                            
Acrisure LLC/Acrisure Finance, Inc.(1)    6.00     08/01/29       40,000       33,123  
Acrisure LLC/Acrisure Finance, Inc.(1)    7.00     11/15/25       63,000       60,242  
Acrisure LLC/Acrisure Finance, Inc.(1)    10.13     08/01/26       44,000       44,768  
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer(1)    5.88     11/01/29       25,000       21,589  
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer(1)    6.75     10/15/27       120,000       112,177  
AssuredPartners, Inc.(1)    5.63     01/15/29       50,000       43,332  
AssuredPartners, Inc.(1)    7.00     08/15/25       45,000       44,605  
BroadStreet Partners, Inc.(1)    5.88     04/15/29       60,000       52,106  
GTCR AP Finance, Inc.(1)    8.00     05/15/27       30,000       29,363  
HUB International Ltd.(1)    5.63     12/01/29       36,000       32,073  
HUB International Ltd.(1)    7.00     05/01/26       150,000       149,528  
Jones Deslauriers Insurance Management, Inc.(1)    10.50     12/15/30       20,000       20,346  
USI, Inc./NY(1)    6.88     05/01/25       50,000       49,554  
                          692,806  
INTERNET – 1.5%                            
Arches Buyer, Inc.(1)    6.13     12/01/28       32,000       27,792  
Cablevision Lightpath LLC(1)    5.63     09/15/28       25,000       18,288  
Newfold Digital Holdings Group, Inc.(1)    6.00     02/15/29       45,000       30,948  
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.(1)    6.00     02/15/28       20,000       14,918  
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.(1)    10.75     06/01/28       25,000       22,666  
Photo Holdings Merger Sub, Inc.(1)    8.50     10/01/26       65,000       27,871  
                          142,483  
LEISURE TIME – 4.2%                            
Constellation Merger Sub, Inc.(1)    8.50     09/15/25       30,000       23,734  
Life Time, Inc.(1)    8.00     04/15/26       30,000       29,861  
MajorDrive Holdings IV LLC(1)    6.38     06/01/29       50,000       39,545  
NCL Corp. Ltd.(1)    3.63     12/15/24       40,000       37,547  
NCL Corp. Ltd.(1)    5.88     03/15/26       115,000       99,181  
NCL Corp. Ltd.(1)    7.75     02/15/29       60,000       50,858  
Viking Cruises Ltd.(1)    5.88     09/15/27       80,000       68,727  
Viking Cruises Ltd.(1)    6.25     05/15/25       15,000       14,258  
Viking Cruises Ltd.(1)    7.00     02/15/29       32,000       27,070  
                          390,781  
LODGING – 0.4%                            
Full House Resorts, Inc.(1)    8.25     02/15/28       40,000       36,875  

 

The accompanying notes are an integral part of these financial statements.

 

111

 

 

BONDBLOXX ETF TRUST

 

BondBloxx CCC Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
MACHINERY-DIVERSIFIED – 1.3%                            
OT Merger Corp.(1)    7.88     10/15/29     $ 24,000     $ 14,211  
SPX FLOW, Inc.(1)    8.75     04/01/30       35,000       29,348  
Titan Acquisition Ltd./Titan Co.-Borrower LLC(1)    7.75     04/15/26       55,000       49,022  
TK Elevator Holdco GmbH(1)    7.63     07/15/28       30,000       26,868  
                          119,449  
MEDIA – 4.4%                            
Audacy Capital Corp.(1)    6.50     05/01/27       25,000       1,845  
Audacy Capital Corp.(1)    6.75     03/31/29       45,000       3,415  
Cengage Learning, Inc.(1)    9.50     06/15/24       35,000       35,046  
CSC Holdings LLC(1)    4.63     12/01/30       75,000       36,685  
CSC Holdings LLC(1)    5.00     11/15/31       50,000       24,043  
CSC Holdings LLC   5.25     06/01/24       35,000       34,171  
CSC Holdings LLC(1)    5.75     01/15/30       100,000       51,124  
CSC Holdings LLC(1)    7.50     04/01/28       55,000       34,442  
iHeartCommunications, Inc.   8.38     05/01/27       90,000       59,475  
Liberty Interactive LLC   8.25     02/01/30       50,000       15,131  
McGraw-Hill Education, Inc.(1)    8.00     08/01/29       60,000       51,654  
Radiate Holdco LLC/Radiate Finance, Inc.(1)    6.50     09/15/28       85,000       39,738  
Spanish Broadcasting System, Inc.(1)    9.75     03/01/26       35,000       23,007  
                          409,776  
METAL FABRICATE/HARDWARE – 0.2%                            
Park-Ohio Industries, Inc.   6.63     04/15/27       25,000       19,980  
                             
MINING – 0.3%                            
IAMGOLD Corp.(1)    5.75     10/15/28       40,000       31,637  
                             
MISCELLANEOUS MANUFACTURER – 1.0%                            
FXI Holdings, Inc.(1)    7.88     11/01/24       35,000       31,837  
FXI Holdings, Inc.(1)    12.25     11/15/26       70,000       62,636  
                          94,473  
OIL & GAS – 4.2%                            
Calumet Specialty Products Partners LP/Calumet Finance Corp.(1)    8.13     01/15/27       20,000       19,376  
Calumet Specialty Products Partners LP/Calumet Finance Corp.(1)    11.00     04/15/25       50,000       51,429  
Global Marine, Inc.   7.00     06/01/28       30,000       24,375  
Nabors Industries Ltd.(1)    7.25     01/15/26       55,000       51,917  
Nabors Industries Ltd.(1)    7.50     01/15/28       25,000       22,781  
Nabors Industries, Inc.   5.75     02/01/25       35,000       34,209  
Transocean, Inc.   6.80     03/15/38       45,000       30,685  
Transocean, Inc.(1)    7.25     11/01/25       25,000       23,843  
Transocean, Inc.(1)    7.50     01/15/26       25,000       23,092  
Transocean, Inc.   7.50     04/15/31       25,000       19,279  
Transocean, Inc.(1)    8.00     02/01/27       60,000       53,333  
Transocean, Inc.(1)    11.50     01/30/27       35,000       35,857  
                          390,176  

 

The accompanying notes are an integral part of these financial statements.

 

112

 

 

BONDBLOXX ETF TRUST

 

BondBloxx CCC Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
PACKAGING & CONTAINERS – 5.7%                            
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1)    5.25     08/15/27     $ 40,000     $ 34,254  
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1)    5.25     08/15/27       110,000       94,199  
Clydesdale Acquisition Holdings, Inc.(1)    8.75     04/15/30       90,000       82,909  
Graham Packaging Co., Inc.(1)    7.13     08/15/28       32,000       27,881  
LABL, Inc.(1)    8.25     11/01/29       35,000       30,450  
LABL, Inc.(1)    10.50     07/15/27       60,000       57,087  
Mauser Packaging Solutions Holding Co.(1)    9.25     04/15/27       110,000       104,519  
Trident TPI Holdings, Inc.(1)    9.25     08/01/24       40,000       40,952  
Trivium Packaging Finance BV(1)    8.50     08/15/27       60,000       58,011  
                          530,262  
PHARMACEUTICALS – 1.2%                            
Bausch Health Cos, Inc.(1)    14.00     10/15/30       35,000       22,575  
Mallinckrodt International Finance SA/Mallinckrodt CB LLC(1)    10.00     06/15/29       48,000       25,151  
Mallinckrodt International Finance SA/Mallinckrodt CB LLC(1)    11.50     12/15/28       50,000       39,407  
P&L Development LLC/PLD Finance Corp.(1)    7.75     11/15/25       30,000       24,032  
                          111,165  
PIPELINES – 0.8%                            
NGL Energy Partners LP/NGL Energy Finance Corp.   6.13     03/01/25       65,000       60,122  
Summit Midstream Holdings LLC/Summit Midstream Finance Corp.   5.75     04/15/25       15,000       12,506  
                          72,628  
REAL ESTATE – 0.3%                            
WeWork Cos, Inc.(1)    7.88     05/01/25       55,000       29,330  
                             
REAL ESTATE INVESTMENT TRUST (REITS) – 2.1%                            
Diversified Healthcare Trust   4.38     03/01/31       50,000       31,547  
Diversified Healthcare Trust   4.75     02/15/28       50,000       30,914  
Diversified Healthcare Trust   9.75     06/15/25       45,000       43,139  
Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC(1)    6.00     01/15/30       55,000       32,497  
Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC(1)    6.50     02/15/29       95,000       57,435  
                          195,532  
RETAIL – 7.7%                            
At Home Group, Inc.(1)    7.13     07/15/29       75,000       42,068  
Carrols Restaurant Group, Inc.(1)    5.88     07/01/29       20,000       16,573  
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.(1)    6.75     01/15/30       100,000       81,099  
Foundation Building Materials, Inc.(1)    6.00     03/01/29       35,000       28,003  
GPS Hospitality Holding Co. LLC/GPS FinCo., Inc.(1)    7.00     08/15/28       40,000       23,736  
Guitar Center, Inc.(1)    8.50     01/15/26       35,000       31,003  
LBM Acquisition LLC(1)    6.25     01/15/29       65,000       51,842  
Michaels Cos, Inc.(1)    7.88     05/01/29       110,000       73,839  
NMG Holding Co., Inc./Neiman Marcus Group LLC(1)    7.13     04/01/26       90,000       83,724  
Park River Holdings, Inc.(1)    5.63     02/01/29       25,000       18,334  
Park River Holdings, Inc.(1)    6.75     08/01/29       20,000       14,636  
Rite Aid Corp.(1)    8.00     11/15/26       105,000       56,907  
SRS Distribution, Inc.(1)    6.00     12/01/29       85,000       69,345  
SRS Distribution, Inc.(1)    6.13     07/01/29       25,000       20,651  

 

The accompanying notes are an integral part of these financial statements.

 

113

 

 

BONDBLOXX ETF TRUST

 

BondBloxx CCC Rated USD High Yield Corporate Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
RETAIL – 7.7% (Continued)                            
Staples, Inc.(1)    10.75     04/15/27     $ 85,000     $ 57,642  
White Capital Buyer LLC(1)    6.88     10/15/28       55,000       47,750  
                          717,152  
SOFTWARE – 5.6%                            
AthenaHealth Group, Inc.(1)    6.50     02/15/30       195,000       160,350  
Boxer Parent Co., Inc.(1)    9.13     03/01/26       24,000       23,504  
Clarivate Science Holdings Corp.(1)    4.88     07/01/29       80,000       72,142  
Cloud Software Group, Inc.(1)    9.00     09/30/29       200,000       172,043  
CWT Travel Group, Inc.(1)    8.50     11/19/26       55,000       39,056  
Rackspace Technology Global, Inc.(1)    5.38     12/01/28       55,000       13,108  
Rocket Software, Inc.(1)    6.50     02/15/29       50,000       41,554  
                          521,757  
TELECOMMUNICATIONS – 5.4%                            
Altice France Holding SA(1)    6.00     02/15/28       100,000       61,683  
Altice France Holding SA(1)    10.50     05/15/27       115,000       85,038  
CommScope Technologies LLC(1)    5.00     03/15/27       36,000       24,917  
CommScope Technologies LLC(1)    6.00     06/15/25       80,000       75,305  
CommScope, Inc.(1)    7.13     07/01/28       35,000       25,152  
CommScope, Inc.(1)    8.25     03/01/27       70,000       54,190  
Embarq Corp.   8.00     06/01/36       120,000       51,733  
Lumen Technologies, Inc.(1)    4.50     01/15/29       50,000       21,322  
Telesat Canada/Telesat LLC(1)    5.63     12/06/26       60,000       33,569  
Telesat Canada/Telesat LLC(1)    6.50     10/15/27       40,000       14,418  
Zayo Group Holdings, Inc.(1)    6.13     03/01/28       90,000       57,628  
                          504,955  
TEXTILES – 0.3%                            
Eagle Intermediate Global Holding BV/Eagle US Finance LLC(1)    7.50     05/01/25       45,000       29,194  
                             
TRANSPORTATION – 0.7%                            
Carriage Purchaser, Inc.(1)    7.88     10/15/29       20,000       14,713  
Watco Cos LLC/Watco Finance Corp.(1)    6.50     06/15/27       55,000       53,394  
                          68,107  
TOTAL CORPORATE BONDS (Cost - $9,462,833)                         9,081,805  
                             
SHORT-TERM INVESTMENTS – 2.5%                            
GOVERNMENT OBLIGATIONS – 1.6%                            
U.S. Treasury Bill   ZCP     06/20/23       150,000       148,997  
                             
TIME DEPOSITS – 0.9%                            
Skandinaviska Enskilda Banken, Stockholm   4.18     05/01/23       88,539       88,539  
TOTAL SHORT-TERM INVESTMENTS (Cost - $237,640)                         237,536  
                             
TOTAL INVESTMENTS – 99.5% (Cost - $9,700,473)                       $ 9,319,341  
OTHER ASSETS LESS LIABILITIES – 0.5%                         42,329  
NET ASSETS – 100.0%                       $ 9,361,670  

 

ZCP Indicates a zero coupon rate.

 

(1)  Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that Rule except to qualified institutional buyers. The aggregate value of Rule 144A holdings at April 30, 2023, amounts to $8,320,037 and represents 88.9% of net assets. These securities have been deemed liquid under procedures approved by the Trust’s Board of Trustees.

 

The accompanying notes are an integral part of these financial statements.

 

114

 

 

BONDBLOXX ETF TRUST

 

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
CORPORATE BONDS – 11.4%                            
BANKS – 0.3%                            
Banco Nacional de Comercio Exterior SNC/Cayman Islands   4.38     10/14/25     $ 200,000     $ 195,209  
Banco Nacional de Panama   2.50     08/11/30       425,000       338,938  
                          534,147  
CHEMICALS – 0.5%                            
CNAC HK Finbridge Co. Ltd.   3.00     09/22/30       200,000       169,432  
CNAC HK Finbridge Co. Ltd.   3.38     06/19/24       275,000       269,197  
CNAC HK Finbridge Co. Ltd.   4.13     07/19/27       200,000       190,812  
CNAC HK Finbridge Co. Ltd.   5.13     03/14/28       300,000       296,194  
                          925,635  
COMMERCIAL SERVICES – 0.2%                            
DP World Crescent Ltd.   3.88     07/18/29       400,000       380,673  
                             
DIVERSIFIED FINANCIAL SERVICES – 0.2%                            
Power Sector Assets & Liabilities Management Corp.   7.39     12/02/24       425,000       441,185  
                             
ELECTRIC – 1.6%                            
Comision Federal de Electricidad   4.69     05/15/29       200,000       180,946  
Eskom Holdings SOC Ltd.   6.35     08/10/28       450,000       425,637  
Eskom Holdings SOC Ltd.   7.13     02/11/25       550,000       538,224  
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara   4.13     05/15/27       275,000       267,545  
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara   5.45     05/21/28       200,000       204,025  
SPIC MTN Co. Ltd.   1.63     07/27/25       225,000       209,714  
State Grid Overseas Investment 2014 Ltd.   4.13     05/07/24       275,000       273,248  
State Grid Overseas Investment BVI Ltd.   1.63     08/05/30       225,000       188,890  
State Grid Overseas Investment BVI Ltd.   3.50     05/04/27       400,000       390,183  
Three Gorges Finance I Cayman Islands Ltd.   3.15     06/02/26       225,000       216,042  
                          2,894,454  
INVESTMENT COMPANIES – 1.0%                            
Gaci First Investment Co.   4.75     02/14/30       200,000       202,526  
Gaci First Investment Co.   5.00     10/13/27       250,000       255,826  
Gaci First Investment Co.   5.25     10/13/32       300,000       315,129  
MDGH GMTN RSC Ltd.   2.50     05/21/26       275,000       259,597  
MDGH GMTN RSC Ltd.   2.88     11/07/29       450,000       413,013  
MDGH GMTN RSC Ltd.   2.88     05/21/30       200,000       182,391  
MDGH GMTN RSC Ltd.   3.38     03/28/32       200,000       185,824  
                          1,814,306  
MINING – 0.7%                            
Corp. Nacional del Cobre de Chile   3.00     09/30/29       325,000       292,127  
Corp. Nacional del Cobre de Chile   3.15     01/14/30       300,000       270,693  
Corp. Nacional del Cobre de Chile   3.63     08/01/27       400,000       382,689  
Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT   4.75     05/15/25       200,000       198,451  
Indonesia Asahan Aluminium PT/Mineral Industri Indonesia Persero PT   5.45     05/15/30       200,000       199,750  
                          1,343,710  

 

The accompanying notes are an integral part of these financial statements.

 

115

 

 

BONDBLOXX ETF TRUST

 

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
OIL & GAS – 5.9%                            
Oil & Gas Holding Co. BSCC   7.50     10/25/27     $ 475,000     $ 487,914  
Pertamina Persero PT   1.40     02/09/26       200,000       182,276  
Petroleos del Peru SA   4.75     06/19/32       400,000       298,688  
Petroleos Mexicanos   4.50     01/23/26       175,000       159,299  
Petroleos Mexicanos   5.35     02/12/28       350,000       291,439  
Petroleos Mexicanos   5.95     01/28/31       625,000       464,859  
Petroleos Mexicanos   6.49     01/23/27       250,000       224,844  
Petroleos Mexicanos   6.50     03/13/27       600,000       537,090  
Petroleos Mexicanos   6.50     01/23/29       200,000       169,280  
Petroleos Mexicanos   6.70     02/16/32       1,175,000       906,953  
Petroleos Mexicanos   6.84     01/23/30       400,000       323,440  
Petroleos Mexicanos   6.88     08/04/26       450,000       423,956  
Petroleos Mexicanos   8.75     06/02/29       250,000       230,000  
Petroleos Mexicanos   10.00     02/07/33       250,000       232,375  
Petronas Capital Ltd.   2.48     01/28/32       700,000       601,125  
Petronas Capital Ltd.   3.50     03/18/25       850,000       833,138  
Petronas Capital Ltd.   3.50     04/21/30       1,300,000       1,229,027  
Qatar Energy   1.38     09/12/26       400,000       363,745  
Qatar Energy   2.25     07/12/31       900,000       777,497  
Sinopec Group Overseas Development 2014 Ltd.   4.38     04/10/24       500,000       497,862  
Sinopec Group Overseas Development 2015 Ltd.   3.25     04/28/25       275,000       267,081  
Sinopec Group Overseas Development 2017 Ltd.   3.63     04/12/27       250,000       244,451  
Sinopec Group Overseas Development 2018 Ltd.   1.45     01/08/26       250,000       229,863  
Sinopec Group Overseas Development 2018 Ltd.   2.30     01/08/31       225,000       196,734  
Sinopec Group Overseas Development 2018 Ltd.   2.70     05/13/30       275,000       249,501  
Sinopec Group Overseas Development 2018 Ltd.   2.95     11/12/29       250,000       231,668  
                          10,654,105  
PIPELINES – 0.7%                            
Southern Gas Corridor CJSC   6.88     03/24/26       1,150,000       1,184,609  
                             
TRANSPORTATION – 0.3%                            
Pelabuhan Indonesia Persero PT   4.25     05/05/25       200,000       196,681  
Transnet SOC Ltd.   8.25     02/06/28       350,000       347,343  
                          544,024  
TOTAL CORPORATE BONDS (Cost - $20,660,564)                         20,716,848  
                             
GOVERNMENT AGENCIES AND OBLIGATIONS – 87.1%                            
GOVERNMENT AGENCIES – 1.8%                            
China Development Bank   1.00     10/27/25       225,000       206,687  
Export-Import Bank of China   2.88     04/26/26       200,000       192,366  
Export-Import Bank of China   3.63     07/31/24       275,000       271,521  
Export-Import Bank of India   2.25     01/13/31       600,000       491,844  
Export-Import Bank of India   3.25     01/15/30       600,000       537,526  
Export-Import Bank of India   3.38     08/05/26       500,000       474,320  
Export-Import Bank of India   3.88     02/01/28       575,000       547,745  
Export-Import Bank of India   5.50     01/18/33       550,000       560,117  
                          3,282,126  

 

The accompanying notes are an integral part of these financial statements.

 

116

 

 

BONDBLOXX ETF TRUST

 

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
GOVERNMENT OBLIGATIONS – 85.3%                            
Abu Dhabi Government International Bond   1.63     06/02/28     $ 400,000     $ 359,753  
Abu Dhabi Government International Bond   1.70     03/02/31       300,000       256,640  
Abu Dhabi Government International Bond   1.88     09/15/31       350,000       300,090  
Abu Dhabi Government International Bond   2.13     09/30/24       625,000       602,164  
Abu Dhabi Government International Bond   2.50     04/16/25       600,000       579,618  
Abu Dhabi Government International Bond   2.50     09/30/29       600,000       554,163  
Abu Dhabi Government International Bond   3.13     05/03/26       500,000       485,856  
Abu Dhabi Government International Bond   3.13     10/11/27       800,000       774,486  
Abu Dhabi Government International Bond   3.13     04/16/30       625,000       596,939  
Angolan Government International Bond   8.00     11/26/29       1,050,000       888,069  
Angolan Government International Bond   8.25     05/09/28       1,000,000       879,763  
Angolan Government International Bond   8.75     04/14/32       1,000,000       831,623  
Argentine Republic Government International Bond(1)    0.50     07/09/30       4,750,000       1,166,932  
Argentine Republic Government International Bond(1)    1.50     07/09/35       4,500,000       1,012,838  
Argentine Republic Government International Bond(1)    3.88     01/09/38       2,500,000       697,087  
Bahrain Government International Bond   5.25     01/25/33       650,000       563,865  
Bahrain Government International Bond   5.45     09/16/32       500,000       447,993  
Bahrain Government International Bond   5.63     09/30/31       475,000       440,402  
Bahrain Government International Bond   6.75     09/20/29       600,000       599,292  
Bahrain Government International Bond   7.00     01/26/26       525,000       540,749  
Bahrain Government International Bond   7.00     10/12/28       750,000       770,248  
Bahrain Government International Bond   7.38     05/14/30       475,000       490,381  
Bolivian Government International Bond   4.50     03/20/28       600,000       343,496  
Brazilian Government International Bond   2.88     06/06/25       600,000       575,357  
Brazilian Government International Bond   3.75     09/12/31       500,000       432,719  
Brazilian Government International Bond   3.88     06/12/30       1,100,000       985,724  
Brazilian Government International Bond   4.25     01/07/25       1,700,000       1,684,173  
Brazilian Government International Bond   4.50     05/30/29       700,000       666,062  
Brazilian Government International Bond   4.63     01/13/28       1,025,000       1,005,789  
Brazilian Government International Bond   6.00     04/07/26       750,000       779,136  
CBB International Sukuk Co. 5 SPC   5.62     02/12/24       475,000       473,744  
CBB International Sukuk Co. 7 SPC   6.88     10/05/25       475,000       490,746  
CBB International Sukuk Programme Co. WLL   3.88     05/18/29       475,000       430,751  
CBB International Sukuk Programme Co. WLL   3.95     09/16/27       325,000       312,624  
CBB International Sukuk Programme Co. WLL   4.50     03/30/27       475,000       463,556  
CBB International Sukuk Programme Co. WLL   6.25     11/14/24       475,000       478,914  
CBB International Sukuk Programme Co. WLL   6.25     10/18/30       300,000       303,563  
Chile Government International Bond   2.45     01/31/31       525,000       462,692  
Chile Government International Bond   2.55     01/27/32       425,000       371,074  
Chile Government International Bond   2.75     01/31/27       425,000       402,030  
Chile Government International Bond   3.24     02/06/28       575,000       551,858  
China Government International Bond   0.55     10/21/25       350,000       320,427  
China Government International Bond   0.75     10/26/24       450,000       428,060  
China Government International Bond   1.20     10/21/30       350,000       298,510  
China Government International Bond   1.25     10/26/26       300,000       273,890  
China Government International Bond   1.75     10/26/31       250,000       219,406  
China Government International Bond   1.95     12/03/24       350,000       338,300  
China Government International Bond   2.13     12/03/29       375,000       345,127  

 

The accompanying notes are an integral part of these financial statements.

 

117

 

 

BONDBLOXX ETF TRUST

 

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
GOVERNMENT OBLIGATIONS – 85.3% (Continued)                            
China Government International Bond   2.63     11/02/27     $ 250,000     $ 240,363  
Colombia Government International Bond   3.00     01/30/30       650,000       499,579  
Colombia Government International Bond   3.13     04/15/31       950,000       706,484  
Colombia Government International Bond   3.25     04/22/32       750,000       543,302  
Colombia Government International Bond   3.88     04/25/27       725,000       653,912  
Colombia Government International Bond   4.50     01/28/26       550,000       523,273  
Colombia Government International Bond   4.50     03/15/29       750,000       654,262  
Colombia Government International Bond   8.00     04/20/33       400,000       399,971  
Costa Rica Government International Bond   6.13     02/19/31       700,000       707,352  
Costa Rica Government International Bond   6.55     04/03/34       800,000       817,500  
Croatia Government International Bond   6.00     01/26/24       1,000,000       1,008,038  
Dominican Republic International Bond   4.50     01/30/30       900,000       797,691  
Dominican Republic International Bond   4.88     09/23/32       1,400,000       1,208,246  
Dominican Republic International Bond   5.50     01/27/25       550,000       546,011  
Dominican Republic International Bond   5.50     02/22/29       850,000       811,909  
Dominican Republic International Bond   5.95     01/25/27       775,000       770,488  
Dominican Republic International Bond   6.00     07/19/28       600,000       592,820  
Dominican Republic International Bond   6.00     02/22/33       725,000       678,879  
Dominican Republic International Bond   6.88     01/29/26       700,000       714,838  
Ecuador Government International Bond   ZCP     07/31/30       600,000       186,179  
Ecuador Government International Bond(1)    2.50     07/31/35       4,500,000       1,666,142  
Ecuador Government International Bond(1)    5.50     07/31/30       2,300,000       1,220,144  
Egypt Government International Bond   5.75     05/29/24       550,000       460,217  
Egypt Government International Bond   5.80     09/30/27       450,000       277,539  
Egypt Government International Bond   5.88     06/11/25       625,000       452,142  
Egypt Government International Bond   5.88     02/16/31       625,000       335,959  
Egypt Government International Bond   6.59     02/21/28       575,000       355,663  
Egypt Government International Bond   7.05     01/15/32       400,000       222,448  
Egypt Government International Bond   7.50     01/31/27       825,000       555,462  
Egypt Government International Bond   7.60     03/01/29       775,000       477,363  
Egypt Government International Bond   7.63     05/29/32       725,000       409,021  
Egyptian Financial Co. for Sovereign Taskeek   10.88     02/28/26       500,000       413,088  
Ethiopia International Bond   6.63     12/11/24       550,000       386,067  
Finance Department Government of Sharjah   6.50     11/23/32       200,000       208,500  
Gabon Government International Bond   6.63     02/06/31       575,000       426,650  
Ghana Government International Bond   6.38     02/11/27       725,000       275,498  
Ghana Government International Bond   7.63     05/16/29       550,000       205,728  
Ghana Government International Bond   7.75     04/07/29       575,000       215,136  
Ghana Government International Bond   8.13     01/18/26       575,000       233,681  
Ghana Government International Bond   8.13     03/26/32       750,000       280,787  
Ghana Government International Bond   8.63     04/07/34       300,000       111,842  
Ghana Government International Bond   10.75     10/14/30       600,000       411,888  
Hazine Mustesarligi Varlik Kiralama AS   4.49     11/25/24       225,000       215,853  
Hazine Mustesarligi Varlik Kiralama AS   5.13     06/22/26       525,000       478,931  
Hazine Mustesarligi Varlik Kiralama AS   7.25     02/24/27       650,000       625,994  
Hazine Mustesarligi Varlik Kiralama AS   9.76     11/13/25       450,000       462,170  
Hungary Government International Bond   2.13     09/22/31       1,100,000       860,723  
Hungary Government International Bond   5.25     06/16/29       1,050,000       1,042,180  

 

The accompanying notes are an integral part of these financial statements.

 

118

 

 

BONDBLOXX ETF TRUST

 

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
GOVERNMENT OBLIGATIONS – 85.3% (Continued)                            
Hungary Government International Bond   5.38     03/25/24     $ 630,000     $ 631,049  
Hungary Government International Bond   6.13     05/22/28       850,000       882,585  
Hungary Government International Bond   6.25     09/22/32       1,150,000       1,194,928  
Indonesia Government International Bond   1.85     03/12/31       250,000       206,706  
Indonesia Government International Bond   2.15     07/28/31       200,000       168,510  
Indonesia Government International Bond   2.85     02/14/30       250,000       228,176  
Indonesia Government International Bond   3.50     01/11/28       225,000       217,361  
Indonesia Government International Bond   3.55     03/31/32       200,000       186,567  
Indonesia Government International Bond   3.85     07/18/27       200,000       196,468  
Indonesia Government International Bond   3.85     10/15/30       275,000       265,288  
Indonesia Government International Bond   4.10     04/24/28       200,000       198,127  
Indonesia Government International Bond   4.13     01/15/25       275,000       274,584  
Indonesia Government International Bond   4.35     01/08/27       250,000       250,133  
Indonesia Government International Bond   4.55     01/11/28       220,000       221,658  
Indonesia Government International Bond   4.65     09/20/32       250,000       251,214  
Indonesia Government International Bond   4.75     01/08/26       400,000       405,589  
Indonesia Government International Bond   4.75     02/11/29       225,000       229,085  
Indonesia Government International Bond   4.85     01/11/33       200,000       203,289  
Indonesia Government International Bond   5.88     01/15/24       325,000       328,844  
Iraq International Bond   5.80     01/15/28       703,125       658,239  
Ivory Coast Government International Bond   6.13     06/15/33       750,000       636,373  
Jamaica Government International Bond   6.75     04/28/28       850,000       898,104  
Jordan Government International Bond   5.75     01/31/27       600,000       574,976  
Jordan Government International Bond   5.85     07/07/30       700,000       630,411  
Jordan Government International Bond   6.13     01/29/26       600,000       590,316  
Jordan Government International Bond   7.50     01/13/29       650,000       651,029  
Kazakhstan Government International Bond   3.88     10/14/24       900,000       903,283  
Kazakhstan Government International Bond   5.13     07/21/25       1,450,000       1,498,466  
KSA Sukuk Ltd.   2.25     05/17/31       450,000       393,462  
KSA Sukuk Ltd.   2.97     10/29/29       575,000       536,786  
KSA Sukuk Ltd.   3.63     04/20/27       1,000,000       984,618  
KSA Sukuk Ltd.   4.30     01/19/29       450,000       453,796  
KSA Sukuk Ltd.   5.27     10/25/28       325,000       341,995  
Kuwait International Government Bond   3.50     03/20/27       2,650,000       2,612,960  
Lebanon Government International Bond(2)    6.00     01/27/23       600,000       37,261  
Lebanon Government International Bond(2)    6.10     10/04/22       1,700,000       106,802  
Lebanon Government International Bond(2)    6.65     02/26/30       1,200,000       74,529  
Lebanon Government International Bond(2)    6.85     03/23/27       1,100,000       68,866  
Lebanon Government International Bond(2)    8.25     04/12/21       200,000       12,611  
Malaysia Sovereign Sukuk Bhd   3.04     04/22/25       550,000       538,860  
Malaysia Sukuk Global Bhd   3.18     04/27/26       550,000       538,032  
Mexico Government International Bond   2.66     05/24/31       500,000       423,972  
Mexico Government International Bond   3.25     04/16/30       575,000       521,340  
Mexico Government International Bond   3.75     01/11/28       325,000       314,611  
Mexico Government International Bond   4.13     01/21/26       325,000       321,392  
Mexico Government International Bond   4.15     03/28/27       400,000       396,159  
Mexico Government International Bond   4.50     04/22/29       500,000       494,856  
Mexico Government International Bond   4.75     04/27/32       400,000       390,609  

 

The accompanying notes are an integral part of these financial statements.

 

119

 

 

BONDBLOXX ETF TRUST

 

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
GOVERNMENT OBLIGATIONS – 85.3% (Continued)                            
Mexico Government International Bond   8.30     08/15/31     $ 150,000     $ 178,097  
Morocco Government International Bond   3.00     12/15/32       600,000       486,372  
Morocco Government International Bond   5.95     03/08/28       730,000       750,794  
Nigeria Government International Bond   6.13     09/28/28       600,000       459,278  
Nigeria Government International Bond   6.50     11/28/27       875,000       701,422  
Nigeria Government International Bond   7.14     02/23/30       750,000       563,640  
Nigeria Government International Bond   7.63     11/21/25       650,000       591,183  
Nigeria Government International Bond   7.88     02/16/32       850,000       632,974  
Nigeria Government International Bond   8.38     03/24/29       725,000       593,335  
Nigeria Government International Bond   8.75     01/21/31       600,000       478,611  
Oman Government International Bond   4.75     06/15/26       1,075,000       1,057,367  
Oman Government International Bond   4.88     02/01/25       550,000       545,793  
Oman Government International Bond   5.38     03/08/27       700,000       699,116  
Oman Government International Bond   5.63     01/17/28       1,075,000       1,086,167  
Oman Government International Bond   6.00     08/01/29       975,000       999,095  
Oman Government International Bond   6.25     01/25/31       750,000       778,230  
Oman Government International Bond   6.75     10/28/27       625,000       660,156  
Oman Government International Bond   7.38     10/28/32       450,000       501,406  
Oman Sovereign Sukuk Co.   4.40     06/01/24       875,000       865,423  
Oman Sovereign Sukuk Co.   4.88     06/15/30       800,000       808,964  
Oman Sovereign Sukuk Co.   5.93     10/31/25       650,000       666,265  
Pakistan Global Sukuk Programme Co. Ltd.   7.95     01/31/29       575,000       254,163  
Pakistan Government International Bond   6.00     04/08/26       775,000       283,739  
Pakistan Government International Bond   6.88     12/05/27       875,000       313,099  
Pakistan Government International Bond   7.38     04/08/31       825,000       284,994  
Pakistan Government International Bond   8.25     04/15/24       575,000       292,143  
Panama Government International Bond   2.25     09/29/32       900,000       697,311  
Panama Government International Bond   3.16     01/23/30       625,000       553,745  
Panama Government International Bond   3.30     01/19/33       450,000       381,807  
Panama Government International Bond   3.75     03/16/25       500,000       491,085  
Panama Government International Bond   3.88     03/17/28       400,000       386,133  
Paraguay Government International Bond   4.95     04/28/31       600,000       582,246  
Perusahaan Penerbit SBSN Indonesia III   1.50     06/09/26       250,000       230,033  
Perusahaan Penerbit SBSN Indonesia III   2.55     06/09/31       250,000       219,773  
Perusahaan Penerbit SBSN Indonesia III   2.80     06/23/30       200,000       181,467  
Perusahaan Penerbit SBSN Indonesia III   4.15     03/29/27       350,000       349,571  
Perusahaan Penerbit SBSN Indonesia III   4.33     05/28/25       350,000       351,288  
Perusahaan Penerbit SBSN Indonesia III   4.35     09/10/24       275,000       275,979  
Perusahaan Penerbit SBSN Indonesia III   4.40     06/06/27       325,000       326,640  
Perusahaan Penerbit SBSN Indonesia III   4.40     03/01/28       325,000       326,918  
Perusahaan Penerbit SBSN Indonesia III   4.45     02/20/29       200,000       201,654  
Perusahaan Penerbit SBSN Indonesia III   4.55     03/29/26       300,000       302,239  
Perusahaan Penerbit SBSN Indonesia III   4.70     06/06/32       300,000       305,606  
Peruvian Government International Bond   1.86     12/01/32       425,000       329,694  
Peruvian Government International Bond   2.39     01/23/26       425,000       402,175  
Peruvian Government International Bond   2.78     01/23/31       1,575,000       1,367,947  
Peruvian Government International Bond   4.13     08/25/27       425,000       418,767  
Peruvian Government International Bond   7.35     07/21/25       650,000       686,478  

 

The accompanying notes are an integral part of these financial statements.

 

120

 

 

BONDBLOXX ETF TRUST

 

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
GOVERNMENT OBLIGATIONS – 85.3% (Continued)                            
Philippine Government International Bond   1.65     06/10/31     $ 450,000     $ 366,059  
Philippine Government International Bond   2.46     05/05/30       375,000       329,349  
Philippine Government International Bond   3.00     02/01/28       750,000       710,885  
Philippine Government International Bond   3.75     01/14/29       550,000       533,174  
Philippine Government International Bond   4.20     01/21/24       550,000       547,687  
Philippine Government International Bond   5.50     03/30/26       375,000       387,741  
Philippine Government International Bond   6.38     01/15/32       375,000       424,110  
Philippine Government International Bond   7.75     01/14/31       600,000       718,971  
Philippine Government International Bond   9.50     02/02/30       450,000       576,128  
Philippine Government International Bond   10.63     03/16/25       450,000       502,899  
Qatar Government International Bond   3.25     06/02/26       950,000       928,924  
Qatar Government International Bond   3.38     03/14/24       525,000       518,788  
Qatar Government International Bond   3.40     04/16/25       525,000       515,160  
Qatar Government International Bond   3.75     04/16/30       800,000       793,178  
Qatar Government International Bond   4.00     03/14/29       1,050,000       1,054,337  
Qatar Government International Bond   4.50     04/23/28       800,000       820,546  
Qatar Government International Bond   9.75     06/15/30       450,000       607,482  
RAK Capital   3.09     03/31/25       200,000       193,754  
Republic of Azerbaijan International Bond   3.50     09/01/32       650,000       568,038  
Republic of Kenya Government International Bond   6.88     06/24/24       1,150,000       1,001,476  
Republic of Kenya Government International Bond   7.25     02/28/28       600,000       464,192  
Republic of Kenya Government International Bond   8.00     05/22/32       700,000       528,199  
Republic of Poland Government International Bond   3.25     04/06/26       1,000,000       976,745  
Republic of Poland Government International Bond   4.00     01/22/24       1,150,000       1,143,580  
Republic of Poland Government International Bond   5.50     11/16/27       850,000       892,523  
Republic of Poland Government International Bond   5.75     11/16/32       850,000       923,414  
Republic of South Africa Government International Bond   4.30     10/12/28       900,000       810,187  
Republic of South Africa Government International Bond   4.67     01/17/24       675,000       668,999  
Republic of South Africa Government International Bond   4.85     09/27/27       450,000       429,002  
Republic of South Africa Government International Bond   4.85     09/30/29       950,000       855,938  
Republic of South Africa Government International Bond   4.88     04/14/26       550,000       534,119  
Republic of South Africa Government International Bond   5.88     09/16/25       900,000       900,220  
Republic of South Africa Government International Bond   5.88     06/22/30       625,000       587,556  
Republic of South Africa Government International Bond   5.88     04/20/32       625,000       568,950  
Romanian Government International Bond   3.00     02/27/27       950,000       868,568  
Romanian Government International Bond   3.00     02/14/31       800,000       669,510  
Romanian Government International Bond   3.63     03/27/32       650,000       557,245  
Romanian Government International Bond   5.25     11/25/27       600,000       594,933  
Romanian Government International Bond   6.63     02/17/28       650,000       677,087  
Romanian Government International Bond   7.13     01/17/33       850,000       910,760  
Saudi Government International Bond   2.25     02/02/33       450,000       375,271  
Saudi Government International Bond   2.50     02/03/27       275,000       260,322  
Saudi Government International Bond   2.75     02/03/32       225,000       200,980  
Saudi Government International Bond   2.90     10/22/25       550,000       532,873  
Saudi Government International Bond   3.25     10/26/26       900,000       876,512  
Saudi Government International Bond   3.25     10/22/30       350,000       327,255  
Saudi Government International Bond   3.63     03/04/28       900,000       875,718  
Saudi Government International Bond   4.00     04/17/25       800,000       795,326  

 

The accompanying notes are an integral part of these financial statements.

 

121

 

 

BONDBLOXX ETF TRUST

 

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
GOVERNMENT OBLIGATIONS – 85.3% (Continued)                            
Saudi Government International Bond   4.38     04/16/29     $ 850,000     $ 858,039  
Saudi Government International Bond   4.50     04/17/30       500,000       505,469  
Saudi Government International Bond   4.75     01/18/28       525,000       535,647  
Saudi Government International Bond   5.50     10/25/32       500,000       542,206  
Senegal Government International Bond   6.25     05/23/33       625,000       494,625  
Serbia International Bond   2.13     12/01/30       700,000       547,183  
Sharjah Sukuk Program Ltd.   2.94     06/10/27       225,000       206,054  
Sharjah Sukuk Program Ltd.   3.23     10/23/29       200,000       179,179  
Sharjah Sukuk Program Ltd.   3.85     04/03/26       200,000       193,097  
Sharjah Sukuk Program Ltd.   4.23     03/14/28       250,000       239,822  
Sri Lanka Government International Bond   5.75     04/18/23       725,000       245,112  
Sri Lanka Government International Bond   6.20     05/11/27       900,000       299,884  
Sri Lanka Government International Bond   6.75     04/18/28       725,000       242,067  
Sri Lanka Government International Bond   6.85     03/14/24       600,000       202,131  
Sri Lanka Government International Bond   6.85     11/03/25       1,300,000       463,528  
Sri Lanka Government International Bond   7.55     03/28/30       1,675,000       559,659  
Trinidad & Tobago Government International Bond   4.50     08/04/26       600,000       589,121  
Tunisian Republic International Bond   5.75     01/30/25       575,000       298,737  
Turkey Government International Bond   4.25     03/13/25       425,000       395,954  
Turkey Government International Bond   4.25     04/14/26       325,000       290,886  
Turkey Government International Bond   4.75     01/26/26       400,000       365,185  
Turkey Government International Bond   4.88     10/09/26       650,000       583,778  
Turkey Government International Bond   5.13     02/17/28       425,000       371,183  
Turkey Government International Bond   5.25     03/13/30       425,000       351,157  
Turkey Government International Bond   5.60     11/14/24       550,000       530,373  
Turkey Government International Bond   5.75     03/22/24       525,000       515,572  
Turkey Government International Bond   5.88     06/26/31       375,000       313,747  
Turkey Government International Bond   5.95     01/15/31       500,000       421,819  
Turkey Government International Bond   6.00     03/25/27       700,000       645,498  
Turkey Government International Bond   6.13     10/24/28       600,000       538,963  
Turkey Government International Bond   6.35     08/10/24       500,000       491,230  
Turkey Government International Bond   6.38     10/14/25       550,000       524,241  
Turkey Government International Bond   7.25     12/23/23       225,000       226,045  
Turkey Government International Bond   7.38     02/05/25       600,000       592,321  
Turkey Government International Bond   7.63     04/26/29       850,000       808,443  
Turkey Government International Bond   8.60     09/24/27       425,000       425,553  
Turkey Government International Bond   9.13     07/13/30       200,000       200,261  
Turkey Government International Bond   9.38     03/14/29       250,000       253,192  
Turkey Government International Bond   9.38     01/19/33       450,000       455,258  
Turkey Government International Bond   9.88     01/15/28       550,000       569,775  
Turkey Government International Bond   11.88     01/15/30       325,000       381,404  
UAE Government International Bond   2.00     10/19/31       225,000       194,880  
UAE Government International Bond   4.05     07/07/32       250,000       251,444  
Ukraine Government International Bond   6.88     05/21/31       1,000,000       165,983  
Ukraine Government International Bond   7.75     09/01/25       775,000       150,929  
Ukraine Government International Bond   7.75     09/01/26       750,000       132,204  
Ukraine Government International Bond   7.75     09/01/27       800,000       141,050  
Ukraine Government International Bond   7.75     09/01/28       750,000       133,481  

 

The accompanying notes are an integral part of these financial statements.

 

122

 

 

BONDBLOXX ETF TRUST

 

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
GOVERNMENT OBLIGATIONS – 85.3% (Continued)                            
Ukraine Government International Bond   7.75     09/01/29     $ 750,000     $ 133,089  
Ukraine Government International Bond   9.75     11/01/30       950,000       173,672  
Uruguay Government International Bond   4.38     10/27/27       850,000       859,471  
Uruguay Government International Bond   4.38     01/23/31       1,175,000       1,187,455  
Vietnam Government International Bond   4.80     11/19/24       600,000       587,366  
Zambia Government International Bond   8.50     04/14/24       600,000       285,516  
Zambia Government International Bond   8.97     07/30/27       700,000       328,734  
                          154,753,191  
TOTAL GOVERNMENT AGENCIES AND OBLIGATIONS (Cost - $159,819,052)                         158,035,317  
                             
SHORT-TERM INVESTMENTS – 0.7%                            
TIME DEPOSITS – 0.7%                            
Citibank, London   1.92     05/02/23     EUR 581       642  
Sumitomo Mitsui Trust Bank, London   4.18     05/01/23     $ 1,303,288       1,303,288  
TOTAL SHORT-TERM INVESTMENTS (Cost - $1,303,930)                         1,303,930  
                             
TOTAL INVESTMENTS – 99.2% (Cost - $181,783,546)                       $ 180,056,095  
OTHER ASSETS LESS LIABILITIES – 0.8%                         1,488,393  
NET ASSETS – 100.0%                       $ 181,544,488  

 

ZCP Indicates a zero coupon rate.

 

(1)  Includes step-up bonds that pay an initial coupon rate for the first period and then a higher coupon rate for the following periods. The rate reported is the rate in effect as of April 30, 2023.
(2)  Defaulted security. Security has not paid its last interest payment and/or interest is not being accrued.

 

The accompanying notes are an integral part of these financial statements.

 

123

 

 

BONDBLOXX ETF TRUST

 

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Portfolio of Investments (Continued)

April 30, 2023 (Unaudited)

 

COUNTRY DIVERSIFICATION

 

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF invested, as a percentage of net assets, in the following countries as of April 30, 2023:

 

Country   Percent of
Net Assets
 
Angola     1.4 %
Argentina     1.6 %
Azerbaijan     1.0 %
Bahrain     4.0 %
Bolivia     0.2 %
Brazil     3.4 %
British Virgin Islands     1.6 %
Cayman Islands     2.8 %
Chile     1.5 %
China     1.7 %
Colombia     2.2 %
Costa Rica     0.8 %
Croatia     0.5 %
Dominican Republic     3.4 %
Ecuador     1.7 %
Egypt     2.2 %
Ethiopia     0.2 %
Gabon     0.2 %
Ghana     1.0 %
Hong Kong     0.5 %
Hungary     2.5 %
India     1.4 %
Indonesia     4.5 %
Iraq     0.4 %
Ivory Coast     0.4 %
Jamaica     0.5 %
Jordan     1.3 %
Kazakhstan     1.3 %
Kenya     1.1 %
Kuwait     1.4 %
Country   Percent of
Net Assets
 
Lebanon     0.2 %
Malaysia     2.1 %
Mexico     4.1 %
Morocco     0.7 %
Nigeria     2.2 %
Oman     4.8 %
Pakistan     0.8 %
Panama     1.6 %
Paraguay     0.3 %
Peru     1.9 %
Philippines     3.1 %
Poland     2.2 %
Qatar     3.5 %
Romania     2.4 %
Saudi Arabia     3.7 %
Senegal     0.3 %
Serbia     0.3 %
South Africa     3.7 %
Sri Lanka     1.1 %
Trinidad and Tobago     0.3 %
Tunisia     0.2 %
Turkey     6.6 %
Ukraine     0.6 %
United Arab Emirates     3.4 %
Uruguay     1.1 %
Vietnam     0.3 %
Zambia     0.3 %
Other*      1.5 %
      100.0 %

 

* Includes cash and any non-equity securities and net other assets (liabilities).

 

The accompanying notes are an integral part of these financial statements.

 

124

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
SHORT-TERM INVESTMENTS – 103.0%                            
GOVERNMENT OBLIGATIONS – 99.5%                            
U.S. Treasury Bill   ZCP     05/18/23     $ 4,477,100     $ 4,467,930  
U.S. Treasury Bill   ZCP     06/15/23       27,381,400       27,220,118  
U.S. Treasury Bill   ZCP     07/13/23       44,010,000       43,571,696  
U.S. Treasury Bill   ZCP     07/27/23       5,968,000       5,896,780  
U.S. Treasury Bill   ZCP     08/10/23       48,900,000       48,218,248  
U.S. Treasury Bill   ZCP     08/24/23       30,530,400       30,048,597  
U.S. Treasury Bill   ZCP     09/07/23       46,651,800       45,848,517  
U.S. Treasury Bill   ZCP     10/05/23       39,431,300       38,603,282  
U.S. Treasury Bill   ZCP     10/19/23       10,176,800       9,944,182  
U.S. Treasury Bill   ZCP     11/02/23       54,096,700       52,780,797  
U.S. Treasury Bill   ZCP     11/30/23       6,555,100       6,384,853  
U.S. Treasury Bill   ZCP     12/28/23       46,942,000       45,582,724  
U.S. Treasury Bill   ZCP     01/25/24       46,551,000       45,006,952  
U.S. Treasury Bill   ZCP     02/22/24       40,405,300       38,900,532  
U.S. Treasury Bill   ZCP     03/21/24       27,594,600       26,449,241  
U.S. Treasury Bill   ZCP     04/18/24       21,444,400       20,487,629  
TOTAL GOVERNMENT OBLIGATIONS (Cost - $489,625,365)                         489,412,078  
                             
TIME DEPOSITS – 3.5%                            
ANZ National Bank, London   4.18     05/01/23       17,100,431       17,100,431  
TOTAL SHORT-TERM INVESTMENTS (Cost - $506,725,796)                         506,512,509  
                             
TOTAL INVESTMENTS – 103.0% (Cost - $506,725,796)                       $ 506,512,509  
OTHER LIABILITIES, LESS CASH AND OTHER ASSETS – (3.0)%                         (14,938,291 )
NET ASSETS – 100.0%                       $ 491,574,218  

 

ZCP Indicates a zero coupon rate.

 

The accompanying notes are an integral part of these financial statements.

 

125

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg One Year Target Duration US Treasury ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
GOVERNMENT OBLIGATIONS – 99.2%                            
U.S. Treasury Note   0.13     02/15/24     $ 1,898,600     $ 1,828,515  
U.S. Treasury Note   0.25     09/30/23       156,800       153,820  
U.S. Treasury Note   0.25     11/15/23       3,706,000       3,614,219  
U.S. Treasury Note   0.25     05/15/24       11,826,000       11,283,898  
U.S. Treasury Note   0.38     10/31/23       3,206,000       3,135,305  
U.S. Treasury Note   0.38     04/15/24       4,001,400       3,836,264  
U.S. Treasury Note   0.50     11/30/23       1,958,000       1,908,782  
U.S. Treasury Note   0.63     10/15/24       12,400,000       11,742,461  
U.S. Treasury Note   0.75     12/31/23       12,040,000       11,713,368  
U.S. Treasury Note   0.88     01/31/24       12,067,200       11,710,605  
U.S. Treasury Note   1.38     09/30/23       135,800       133,829  
U.S. Treasury Note   1.75     07/31/24       2,139,000       2,065,931  
U.S. Treasury Note   2.00     06/30/24       2,676,000       2,596,295  
U.S. Treasury Note   2.25     03/31/24       16,347,000       15,970,891  
U.S. Treasury Note   2.25     04/30/24       4,574,400       4,459,147  
U.S. Treasury Note   2.50     01/31/24       12,040,000       11,827,654  
U.S. Treasury Note   2.50     04/30/24       4,664,700       4,559,106  
U.S. Treasury Note   2.50     05/31/24       14,210,000       13,870,015  
U.S. Treasury Note   3.00     06/30/24       2,324,200       2,280,667  
U.S. Treasury Note   3.00     07/31/24       12,578,400       12,338,133  
U.S. Treasury Note   3.25     08/31/24       6,211,600       6,111,511  
U.S. Treasury Note   4.25     09/30/24       6,843,400       6,825,490  
U.S. Treasury Note   4.38     10/31/24       5,140,700       5,139,294  
TOTAL GOVERNMENT OBLIGATIONS (Cost - $149,211,815)                         149,105,200  
                             
SHORT-TERM INVESTMENTS – 0.1%                            
TIME DEPOSITS – 0.1%                            
Citibank, New York   4.18     05/01/23       118,761       118,761  
TOTAL SHORT-TERM INVESTMENTS (Cost - $118,761)                         118,761  
                             
TOTAL INVESTMENTS – 99.3% (Cost - $149,330,576)                       $ 149,223,961  
OTHER ASSETS LESS LIABILITIES – 0.7%                         1,071,019  
NET ASSETS – 100.0%                       $ 150,294,980  

 

The accompanying notes are an integral part of these financial statements.

 

126

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
GOVERNMENT OBLIGATIONS – 98.9%                            
U.S. Treasury Note   0.25     05/15/24     $ 4,650,000     $ 4,436,845  
U.S. Treasury Note   0.25     07/31/25       4,650,000       4,284,357  
U.S. Treasury Note   0.25     08/31/25       6,227,500       5,723,948  
U.S. Treasury Note   0.25     10/31/25       1,565,800       1,432,523  
U.S. Treasury Note   0.38     04/15/24       5,858,000       5,616,243  
U.S. Treasury Note   0.38     11/30/25       2,512,000       2,301,227  
U.S. Treasury Note   0.50     02/28/26       1,635,800       1,493,754  
U.S. Treasury Note   0.75     11/15/24       4,288,600       4,060,936  
U.S. Treasury Note   0.75     04/30/26       2,841,800       2,603,577  
U.S. Treasury Note   0.75     05/31/26       2,000,000       1,828,281  
U.S. Treasury Note   1.13     01/15/25       4,464,000       4,237,313  
U.S. Treasury Note   1.50     02/15/25       4,222,400       4,027,939  
U.S. Treasury Note   1.63     05/15/26       2,428,600       2,283,453  
U.S. Treasury Note   1.75     03/15/25       3,720,000       3,561,609  
U.S. Treasury Note   2.13     05/31/26       1,800,000       1,717,172  
U.S. Treasury Note   2.25     03/31/24       416,800       407,210  
U.S. Treasury Note   2.25     11/15/25       2,978,000       2,863,533  
U.S. Treasury Note   2.75     05/15/25       5,063,200       4,935,631  
U.S. Treasury Note   2.88     06/15/25       6,510,000       6,360,982  
U.S. Treasury Note   3.00     07/31/24       1,895,700       1,859,489  
U.S. Treasury Note   3.00     07/15/25       4,111,500       4,027,343  
U.S. Treasury Note   3.13     08/15/25       5,580,000       5,481,042  
U.S. Treasury Note   4.00     12/15/25       6,566,900       6,596,656  
U.S. Treasury Note   4.00     02/15/26       2,672,800       2,688,357  
U.S. Treasury Note   4.25     09/30/24       1,539,600       1,535,571  
U.S. Treasury Note   4.25     12/31/24       1,763,500       1,762,846  
U.S. Treasury Note   4.25     10/15/25       2,432,300       2,452,823  
U.S. Treasury Note   4.50     11/30/24       765,900       767,815  
U.S. Treasury Note   4.50     11/15/25       372,000       377,682  
TOTAL GOVERNMENT OBLIGATIONS (Cost - $91,591,327)                         91,726,157  
                             
SHORT-TERM INVESTMENTS – 0.1%                            
TIME DEPOSITS – 0.1%                            
JP Morgan Chase, New York   4.18     05/01/23       121,456       121,456  
TOTAL SHORT-TERM INVESTMENTS (Cost - $121,456)                         121,456  
                             
TOTAL INVESTMENTS – 99.0% (Cost - $91,712,783)                       $ 91,847,613  
OTHER ASSETS LESS LIABILITIES – 1.0%                         902,770  
NET ASSETS – 100.0%                       $ 92,750,383  

 

The accompanying notes are an integral part of these financial statements.

 

127

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
GOVERNMENT OBLIGATIONS – 99.2%                            
U.S. Treasury Note   0.25     05/31/25     $ 280,000     $ 259,120  
U.S. Treasury Note   0.25     07/31/25       1,374,600       1,266,511  
U.S. Treasury Note   0.25     08/31/25       996,800       916,199  
U.S. Treasury Note   0.38     11/30/25       1,122,000       1,027,857  
U.S. Treasury Note   0.38     12/31/25       1,347,200       1,233,109  
U.S. Treasury Note   0.38     01/31/26       1,752,400       1,597,765  
U.S. Treasury Note   0.63     07/31/26       1,251,000       1,134,696  
U.S. Treasury Note   0.75     03/31/26       673,000       618,766  
U.S. Treasury Note   0.75     04/30/26       1,752,400       1,605,500  
U.S. Treasury Note   0.75     05/31/26       1,150,000       1,051,262  
U.S. Treasury Note   0.75     08/31/26       1,481,700       1,346,495  
U.S. Treasury Note   0.88     06/30/26       1,310,400       1,201,575  
U.S. Treasury Note   0.88     09/30/26       1,122,000       1,022,729  
U.S. Treasury Note   1.25     11/30/26       2,023,600       1,862,186  
U.S. Treasury Note   1.88     02/28/27       1,204,800       1,130,206  
U.S. Treasury Note   2.25     11/15/25       1,106,000       1,063,488  
U.S. Treasury Note   2.63     05/31/27       870,800       838,927  
U.S. Treasury Note   2.75     04/30/27       575,000       556,762  
U.S. Treasury Note   2.75     07/31/27       1,100,000       1,064,379  
U.S. Treasury Note   3.00     07/15/25       908,100       889,512  
U.S. Treasury Note   3.25     06/30/27       930,800       918,620  
U.S. Treasury Note   4.13     09/30/27       200,000       204,563  
TOTAL GOVERNMENT OBLIGATIONS (Cost - $22,619,725)                         22,810,227  
                             
SHORT-TERM INVESTMENTS – 0.2%                            
TIME DEPOSITS – 0.2%                            
Skandinaviska Enskilda Banken, Stockholm   4.18     05/01/23       45,341       45,341  
TOTAL SHORT-TERM INVESTMENTS (Cost - $45,341)                         45,341  
                             
TOTAL INVESTMENTS – 99.4% (Cost - $22,665,066)                       $ 22,855,568  
OTHER ASSETS LESS LIABILITIES – 0.6%                         140,463  
NET ASSETS – 100.0%                       $ 22,996,031  

 

The accompanying notes are an integral part of these financial statements.

 

128

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
GOVERNMENT OBLIGATIONS – 99.2%                            
U.S. Treasury Note   0.50     04/30/27     $ 100     $ 89  
U.S. Treasury Note   0.50     06/30/27       949,000       836,936  
U.S. Treasury Note   0.50     10/31/27       1,908,800       1,668,039  
U.S. Treasury Note   0.63     11/30/27       2,190,000       1,921,811  
U.S. Treasury Note   0.75     01/31/28       1,825,000       1,604,574  
U.S. Treasury Note   1.00     07/31/28       1,765,200       1,553,307  
U.S. Treasury Note   1.25     03/31/28       1,825,000       1,638,864  
U.S. Treasury Note   1.25     04/30/28       2,478,500       2,221,549  
U.S. Treasury Note   1.25     06/30/28       3,650,000       3,260,762  
U.S. Treasury Note   1.25     09/30/28       3,650,000       3,242,369  
U.S. Treasury Note   1.38     10/31/28       1,721,600       1,537,402  
U.S. Treasury Note   1.50     11/30/28       1,460,000       1,311,034  
U.S. Treasury Note   2.38     03/31/29       1,095,000       1,028,145  
U.S. Treasury Note   2.75     05/31/29       1,261,300       1,208,582  
U.S. Treasury Note   2.88     08/15/28       1,825,000       1,768,895  
U.S. Treasury Note   2.88     04/30/29       2,824,700       2,726,387  
U.S. Treasury Note   3.13     08/31/27       1,970,000       1,935,756  
U.S. Treasury Note   3.13     08/31/29       2,173,800       2,126,503  
U.S. Treasury Note   3.50     01/31/30       950,000       950,742  
U.S. Treasury Note   3.88     12/31/27       231,400       234,763  
U.S. Treasury Note   3.88     12/31/29       1,362,400       1,393,373  
U.S. Treasury Note   4.00     10/31/29       1,348,500       1,387,059  
U.S. Treasury Note   4.00     02/28/30       760,400       783,984  
TOTAL GOVERNMENT OBLIGATIONS (Cost - $36,043,704)                         36,340,925  
                             
SHORT-TERM INVESTMENTS – 0.2%                            
TIME DEPOSITS – 0.2%                            
JP Morgan Chase, New York   4.18     05/01/23       59,816       59,816  
TOTAL SHORT-TERM INVESTMENTS (Cost - $59,816)                         59,816  
                             
TOTAL INVESTMENTS – 99.4% (Cost - $36,103,520)                       $ 36,400,741  
OTHER ASSETS LESS LIABILITIES – 0.6%                         207,479  
NET ASSETS – 100.0%                       $ 36,608,220  

 

The accompanying notes are an integral part of these financial statements.

 

129

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
GOVERNMENT OBLIGATIONS – 98.9%                            
U.S. Treasury Note   0.63     05/15/30     $ 2,040,000     $ 1,683,160  
U.S. Treasury Note   0.63     08/15/30       2,268,000       1,861,886  
U.S. Treasury Note   1.13     02/15/31       2,160,000       1,835,156  
U.S. Treasury Note   1.38     11/15/31       1,620,000       1,377,759  
U.S. Treasury Note   1.50     11/30/28       419,900       377,057  
U.S. Treasury Note   1.50     02/15/30       1,155,400       1,019,911  
U.S. Treasury Note   1.63     05/15/31       2,160,000       1,894,050  
U.S. Treasury Note   1.88     02/15/32       2,213,000       1,956,430  
U.S. Treasury Note   2.38     03/31/29       1,100,000       1,032,840  
U.S. Treasury Note   2.63     07/31/29       1,620,000       1,539,949  
U.S. Treasury Note   2.75     05/31/29       1,079,200       1,034,093  
U.S. Treasury Note   2.75     08/15/32       2,086,000       1,974,367  
U.S. Treasury Note   2.88     05/15/32       3,311,100       3,169,860  
U.S. Treasury Note   3.13     08/31/29       1,458,000       1,426,277  
U.S. Treasury Note   3.25     06/30/29       1,080,000       1,063,758  
U.S. Treasury Note   3.50     02/15/33       1,050,000       1,056,317  
U.S. Treasury Note   4.13     11/15/32       2,254,000       2,379,555  
TOTAL GOVERNMENT OBLIGATIONS (Cost - $26,429,550)                         26,682,425  
                             
SHORT-TERM INVESTMENTS – 0.1%                            
TIME DEPOSITS – 0.1%                            
Sumitomo Mitsui Trust Bank, London   4.18     05/01/23       32,636       32,636  
TOTAL SHORT-TERM INVESTMENTS (Cost - $32,636)                         32,636  
                             
TOTAL INVESTMENTS – 99.0% (Cost - $26,462,186)                       $ 26,715,061  
OTHER ASSETS LESS LIABILITIES – 1.0%                         267,055  
NET ASSETS – 100.0%                       $ 26,982,116  

 

The accompanying notes are an integral part of these financial statements.

 

130

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
GOVERNMENT OBLIGATIONS – 97.5%                            
U.S. Treasury Bond   3.25     05/15/42     $ 500,000     $ 463,242  
U.S. Treasury Bond   3.38     08/15/42       850,000       800,859  
U.S. Treasury Bond   3.75     08/15/41       1,281,000       1,284,803  
U.S. Treasury Bond   3.88     08/15/40       1,456,000       1,499,908  
U.S. Treasury Bond   3.88     02/15/43       25,000       25,265  
U.S. Treasury Bond   4.00     11/15/42       660,000       680,006  
U.S. Treasury Bond   4.25     11/15/40       1,556,200       1,678,994  
U.S. Treasury Bond   4.63     02/15/40       1,661,200       1,879,362  
U.S. Treasury Bond   4.75     02/15/41       1,505,000       1,723,931  
U.S. Treasury Bond   5.00     05/15/37       1,108,200       1,299,278  
U.S. Treasury Note   0.63     08/15/30       1,900,000       1,559,781  
U.S. Treasury Note   1.38     11/15/31       1,774,800       1,509,412  
U.S. Treasury Note   1.50     02/15/30       1,050,000       926,871  
U.S. Treasury Note   1.63     05/15/31       1,916,500       1,680,531  
U.S. Treasury Note   1.75     11/15/29       925,000       835,752  
U.S. Treasury Note   2.75     08/15/32       1,418,600       1,342,683  
U.S. Treasury Note   2.88     05/15/32       1,290,000       1,234,973  
U.S. Treasury Note   4.13     11/15/32       470,000       496,181  
TOTAL GOVERNMENT OBLIGATIONS (Cost - $20,632,575)                         20,921,832  
                             
SHORT-TERM INVESTMENTS – 1.3%                            
GOVERNMENT OBLIGATIONS – 1.2%                            
U.S. Treasury Bill   ZCP     06/01/23       250,000       249,082  
                             
TIME DEPOSITS – 0.1%                            
Citibank, New York   4.18     05/01/23       32,690       32,690  
TOTAL SHORT-TERM INVESTMENTS (Cost - $281,700)                         281,772  
                             
TOTAL INVESTMENTS – 98.8% (Cost - $20,914,275)                       $ 21,203,604  
OTHER ASSETS LESS LIABILITIES – 1.2%                         255,293  
NET ASSETS – 100.0%                       $ 21,458,897  

 

ZCP Indicates a zero coupon rate.

 

The accompanying notes are an integral part of these financial statements.

 

131

 

 

BONDBLOXX ETF TRUST

 

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF

Portfolio of Investments

April 30, 2023 (Unaudited)

 

    Rate (%)     Maturity     Face
Amount
    Value  
GOVERNMENT OBLIGATIONS – 94.7%                            
U.S. Treasury Bond   1.25     05/15/50     $ 7,108,000     $ 4,147,074  
U.S. Treasury Bond   1.38     08/15/50       7,090,000       4,267,848  
U.S. Treasury Bond   1.63     11/15/50       3,609,500       2,321,360  
U.S. Treasury Bond   1.88     02/15/51       2,102,900       1,439,829  
U.S. Treasury Bond   1.88     11/15/51       2,712,000       1,848,186  
U.S. Treasury Bond   2.00     02/15/50       1,186,800       842,721  
U.S. Treasury Bond   2.00     08/15/51       2,073,700       1,460,176  
U.S. Treasury Bond   2.25     08/15/49       1,053,300       793,266  
U.S. Treasury Bond   2.25     02/15/52       1,060,000       791,108  
U.S. Treasury Bond   2.38     11/15/49       345,500       267,358  
U.S. Treasury Bond   2.38     05/15/51       1,071,400       824,141  
U.S. Treasury Bond   2.88     05/15/52       313,600       268,422  
U.S. Treasury Bond   3.00     02/15/48       810,600       707,755  
U.S. Treasury Bond   3.00     08/15/52       367,600       322,942  
U.S. Treasury Bond   4.00     11/15/52       537,000       570,185  
U.S. Treasury Strip   ZCP     11/15/47       1,977,700       784,011  
U.S. Treasury Strip   ZCP     05/15/49       1,910,000       733,559  
U.S. Treasury Strip   ZCP     11/15/50       2,591,100       950,407  
U.S. Treasury Strip   ZCP     11/15/51       3,150,000       1,122,126  
TOTAL GOVERNMENT OBLIGATIONS (Cost - $24,094,624)                         24,462,474  
                             
SHORT-TERM INVESTMENTS – 4.2%                            
GOVERNMENT OBLIGATIONS – 4.0%                            
U.S. Treasury Bill   ZCP     06/01/23       1,050,000       1,046,144  
                             
TIME DEPOSITS – 0.2%                            
JP Morgan Chase, New York   4.18     05/01/23       48,512       48,512  
TOTAL SHORT-TERM INVESTMENTS (Cost - $1,094,372)                         1,094,656  
                             
TOTAL INVESTMENTS – 98.9% (Cost - $25,188,995)                       $ 25,557,130  
OTHER ASSETS LESS LIABILITIES – 1.1%                         281,361  
NET ASSETS – 100.0%                       $ 25,838,491  

 

ZCP Indicates a zero coupon rate.

 

The accompanying notes are an integral part of these financial statements.

 

132

 

 

BONDBLOXX ETF TRUST

 

Statements of Assets and Liabilities

April 30, 2023 (Unaudited)

 

    BondBloxx
USD High
Yield Bond
Industrial
Sector ETF
    BondBloxx
USD High
Yield Bond
Telecom, Media
& Technology
Sector ETF
    BondBloxx
USD High
Yield Bond
Healthcare
Sector ETF
    BondBloxx
USD High
Yield Bond
Financial & REIT
Sector ETF
    BondBloxx
USD High
Yield Bond
Energy
Sector ETF
 
ASSETS:                                        
Investments in securities, at value   $ 20,209,746     $ 10,003,862     $ 6,675,060     $ 8,848,240     $ 11,380,594  
Cash     471       152       -       144       216  
Receivable for investments sold     160,028       463,322       -       177,398       134,577  
Interest income receivable     323,622       178,106       121,753       143,130       191,380  
TOTAL ASSETS     20,693,867       10,645,442       6,796,813       9,168,912       11,706,767  
LIABILITIES:                                        
Due to custodian     -       -       10,753       -       -  
Payable for investments purchased     197,541       428,005       -       224,164       225,081  
Management fees payable     5,659       2,820       1,752       2,385       3,222  
TOTAL LIABILITIES     203,200       430,825       12,505       226,549       228,303  
NET ASSETS   $ 20,490,667     $ 10,214,617     $ 6,784,308     $ 8,942,363     $ 11,478,464  
                                         
COMPONENTS OF NET ASSETS                                        
Paid-in capital     20,533,349       10,697,190       7,915,845       9,269,032       11,717,215  
Total distributable earnings/(accumulated loss)     (42,682 )     (482,573 )     (1,131,537 )     (326,669 )     (238,751 )
NET ASSETS   $ 20,490,667     $ 10,214,617     $ 6,784,308     $ 8,942,363     $ 11,478,464  
                                         
Shares outstanding     550,000       300,000       200,000       250,000       302,500  
Net asset value, offering and redemption price per share   $ 37.26     $ 34.05     $ 33.92     $ 35.77     $ 37.95  
Investment in securities, at cost   $ 20,176,464     $ 10,286,921     $ 6,807,332     $ 8,984,045     $ 11,511,394  

 

The accompanying notes are an integral part of these financial statements.

 

133

 

 

BONDBLOXX ETF TRUST

 

Statements of Assets and Liabilities (Continued)

April 30, 2023 (Unaudited)

 

    BondBloxx
USD High
Yield Bond
Consumer
Cyclicals
Sector ETF
    BondBloxx
USD High
Yield Bond
Consumer
Non-Cyclicals
Sector ETF
    BondBloxx
B Rated
USD High Yield
Corporate
Bond ETF
    BondBloxx
BB Rated
USD High Yield
Corporate
Bond ETF
   

BondBloxx
CCC Rated

USD High Yield
Corporate
Bond ETF

 
ASSETS:                                        
Investments in securities, at value   $ 17,639,735     $ 7,351,873     $ 11,513,601     $ 46,584,500     $ 9,319,341  
Cash     336       108       198       876       198  
Receivable for investments sold     226,237       33,325       215,878       1,246,237       55,830  
Interest income receivable     322,470       96,991       194,655       653,071       239,721  
TOTAL ASSETS     18,188,778       7,482,297       11,924,332       48,484,684       9,615,090  
LIABILITIES:                                        
Payable for investments purchased     283,558       54,685       289,514       1,186,665       250,372  
Management fees payable     4,919       1,999       2,852       7,716       3,048  
TOTAL LIABILITIES     288,477       56,684       292,366       1,194,381       253,420  
NET ASSETS   $ 17,900,301     $ 7,425,613     $ 11,631,966     $ 47,290,303     $ 9,361,670  
                                         
COMPONENTS OF NET ASSETS                                        
Paid-in capital     18,526,205       7,890,975       11,900,274       48,185,515       9,975,161  
Total distributable earnings/(accumulated loss)     (625,904 )     (465,362 )     (268,308 )     (895,212 )     (613,491 )
NET ASSETS   $ 17,900,301     $ 7,425,613     $ 11,631,966     $ 47,290,303     $ 9,361,670  
                                         
Shares outstanding     500,000       200,000       300,000       1,200,000       250,000  
Net asset value, offering and redemption price per share   $ 35.80     $ 37.13     $ 38.77     $ 39.41     $ 37.45  
Investment in securities, at cost   $ 17,763,546     $ 7,461,227     $ 11,688,921     $ 47,040,351     $ 9,700,473  

 

The accompanying notes are an integral part of these financial statements.

 

134

 

 

BONDBLOXX ETF TRUST

 

Statements of Assets and Liabilities (Continued)

April 30, 2023 (Unaudited)

 

    BondBloxx
JP Morgan
USD Emerging
Markets 1-10
Year Bond
ETF
    BondBloxx
Bloomberg
Six Month
Target Duration
US Treasury
ETF
    BondBloxx
Bloomberg
One Year
Target Duration
US Treasury
ETF
    BondBloxx
Bloomberg
Two Year
Target Duration
US Treasury
ETF
    BondBloxx
Bloomberg
Three Year
Target Duration
US Treasury
ETF
 
ASSETS:                                        
Investments in securities, at value   $ 180,056,095     $ 506,512,509     $ 149,223,961     $ 91,847,613     $ 22,855,568  
Cash     3,458       24,494       711       641       189  
Receivable for investments sold     4,649,970       5,488,736       12,568,437       3,915,592       1,019,121  
Receivable for shares created     -       6,532,278       12,978,368       3,983,016       996,860  
Interest income receivable     2,191,724       -       771,437       554,128       95,414  
TOTAL ASSETS     186,901,247       518,558,017       175,542,914       100,300,990       24,967,152  
LIABILITIES:                                        
Payable for investments purchased     5,230,751       21,445,800       12,262,086       3,557,596       970,354  
Payable for shares redeemed     -       5,528,699       12,982,216       3,989,240       999,820  
Management fees payable     126,008       9,300       3,632       3,771       947  
TOTAL LIABILITIES     5,356,759       26,983,799       25,247,934       7,550,607       1,971,121  
NET ASSETS   $ 181,544,488     $ 491,574,218     $ 150,294,980     $ 92,750,383     $ 22,996,031  
                                         
COMPONENTS OF NET ASSETS                                        
Paid-in capital     183,018,565       490,358,811       150,019,053       92,478,916       22,864,981  
Total distributable earnings/(accumulated loss)     (1,474,077 )     1,215,407       275,927       271,467       131,050  
NET ASSETS   $ 181,544,488     $ 491,574,218     $ 150,294,980     $ 92,750,383     $ 22,996,031  
                                         
Shares outstanding     4,600,000       9,780,000       3,010,000       1,860,000       460,000  
Net asset value, offering and redemption price per share   $ 39.47     $ 50.26     $ 49.93     $ 49.87     $ 49.99  
Investment in securities, at cost   $ 181,783,546     $ 506,725,796     $ 149,330,576     $ 91,712,783     $ 22,665,066  

 

The accompanying notes are an integral part of these financial statements.

 

135

 

 

BONDBLOXX ETF TRUST

 

Statements of Assets and Liabilities (Continued) (Concluded)

April 30, 2023 (Unaudited)

 

    BondBloxx
Bloomberg
Five Year
Target Duration
US Treasury
ETF
    BondBloxx
Bloomberg
Seven Year
Target Duration
US Treasury
ETF
    BondBloxx
Bloomberg
Ten Year
Target Duration
US Treasury
ETF
    BondBloxx
Bloomberg
Twenty Year
Target Duration
US Treasury
ETF
 
ASSETS:                                
Investments in securities, at value   $ 36,400,741     $ 26,715,061     $ 21,203,604     $ 25,557,130  
Cash     237       173       157       225  
Receivable for investments sold     935,922       568,030       74,717       103,628  
Receivable for shares created     997,476       496,036       -       -  
Interest income receivable     231,367       206,161       207,216       180,150  
TOTAL ASSETS     38,565,743       27,985,461       21,485,694       25,841,133  
LIABILITIES:                                
Payable for investments purchased     953,071       502,571       25,479       -  
Payable for shares redeemed     1,002,958       499,667       -       -  
Management fees payable     1,494       1,107       1,318       2,642  
TOTAL LIABILITIES     1,957,523       1,003,345       26,797       2,642  
NET ASSETS   $ 36,608,220     $ 26,982,116     $ 21,458,897     $ 25,838,491  
                                 
COMPONENTS OF NET ASSETS                                
Paid-in capital     36,309,061       26,766,181       21,251,092       26,356,625  
Total distributable earnings/(accumulated loss)     299,159       215,935       207,805       (518,134 )
NET ASSETS   $ 36,608,220     $ 26,982,116     $ 21,458,897     $ 25,838,491  
                                 
Shares outstanding     730,000       540,000       430,000       530,000  
Net asset value, offering and redemption price per share   $ 50.15     $ 49.97     $ 49.90     $ 48.75  
Investment in securities, at cost   $ 36,103,520     $ 26,462,186     $ 20,914,275     $ 25,188,995  

 

The accompanying notes are an integral part of these financial statements.

 

136

 

 

BONDBLOXX ETF TRUST

 

Statements of Operations

For the Period Ended April 30, 2023 (Unaudited)

 

    BondBloxx
USD High
Yield Bond
Industrial
Sector ETF
    BondBloxx
USD High
Yield Bond
Telecom, Media
& Technology
Sector ETF
    BondBloxx
USD High
Yield Bond
Healthcare
Sector ETF
    BondBloxx
USD High
Yield Bond
Financial & REIT
Sector ETF
    BondBloxx
USD High
Yield Bond
Energy
Sector ETF
 
INVESTMENT INCOME:                                        
Interest income   $ 199,791     $ 156,816     $ 128,010     $ 138,080     $ 209,299  
Total income     199,791       156,816       128,010       138,080       209,299  
EXPENSES:                                        
Management fees     10,232       7,283       5,190       6,749       10,797  
Total Expenses     10,232       7,283       5,190       6,749       10,797  
NET INVESTMENT INCOME/(LOSS)     189,559       149,533       122,820       131,331       198,502  
                                         
NET REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS:                                        
Net realized gain/(loss) on:                                        
Investments in securities     (165,827 )     (247,851 )     (549,119 )     (184,366 )     (153,036 )
Net realized gain/(loss)     (165,827 )     (247,851 )     (549,119 )     (184,366 )     (153,036 )
Change in unrealized appreciation/(depreciation) on:                                        
Investments in securities     448,613       205,845       691,484       313,055       271,537  
Change in unrealized appreciation/(depreciation)     448,613       205,845       691,484       313,055       271,537  
Net Realized and Unrealized Gain/(Loss) on Investments     282,786       (42,006 )     142,365       128,689       118,501  
Net Increase/(Decrease) in Net Assets Resulting from Operations   $ 472,345     $ 107,527     $ 265,185     $ 260,020     $ 317,003  

 

The accompanying notes are an integral part of these financial statements.

 

137

 

 

BONDBLOXX ETF TRUST

 

Statements of Operations (Continued)

For the Period Ended April 30, 2023 (Unaudited)

 

    BondBloxx
USD High
Yield Bond
Consumer
Cyclicals
Sector ETF
    BondBloxx
USD High
Yield Bond
Consumer
Non-Cyclicals
Sector ETF
    BondBloxx
B Rated
USD High Yield
Corporate
Bond ETF
    BondBloxx
BB Rated
USD High Yield
Corporate
Bond ETF
   

BondBloxx
CCC Rated

USD High Yield
Corporate
Bond ETF

 
INVESTMENT INCOME:                                        
Interest income   $ 195,908     $ 110,213     $ 478,847     $ 1,432,164     $ 544,114  
Total income     195,908       110,213       478,847       1,432,164       544,114  
EXPENSES:                                        
Management fees     9,425       6,454       17,197       44,005       16,775  
Total Expenses     9,425       6,454       17,197       44,005       16,775  
NET INVESTMENT INCOME/(LOSS)     186,483       103,759       461,650       1,388,159       527,339  
                                         
NET REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS:                                        
Net realized gain/(loss) on:                                        
Investments in securities     (572,060 )     (347,807 )     (126,885 )     (512,860 )     (294,136 )
Net realized gain/(loss)     (572,060 )     (347,807 )     (126,885 )     (512,860 )     (294,136 )
Change in unrealized appreciation/(depreciation) on:                                        
Investments in securities     699,062       487,563       245,551       1,440,882       280,096  
Change in unrealized appreciation/(depreciation)     699,062       487,563       245,551       1,440,882       280,096  
Net Realized and Unrealized Gain/(Loss) on Investments     127,002       139,756       118,666       928,022       (14,040 )
Net Increase/(Decrease) in Net Assets Resulting from Operations   $ 313,485     $ 243,515     $ 580,316     $ 2,316,181     $ 513,299  

 

The accompanying notes are an integral part of these financial statements.

 

138

 

 

BONDBLOXX ETF TRUST

 

Statements of Operations (Continued)

For the Period Ended April 30, 2023 (Unaudited)

 

    BondBloxx
JP Morgan
USD Emerging
Markets 1-10
Year Bond
ETF
    BondBloxx
Bloomberg
Six Month
Target Duration
US Treasury
ETF
    BondBloxx
Bloomberg
One Year
Target Duration
US Treasury
ETF
    BondBloxx
Bloomberg
Two Year
Target Duration
US Treasury
ETF
    BondBloxx
Bloomberg
Three Year
Target Duration
US Treasury
ETF
 
INVESTMENT INCOME:                                        
Interest income   $ 3,581,239     $ 3,576,611     $ 1,972,666     $ 1,338,128     $ 418,312  
Total income     3,581,239       3,576,611       1,972,666       1,338,128       418,312  
EXPENSES:                                        
Management fees     255,119       23,758       12,671       16,150       5,279  
Total Expenses     255,119       23,758       12,671       16,150       5,279  
NET INVESTMENT INCOME/(LOSS)     3,326,120       3,552,853       1,959,995       1,321,978       413,033  
                                         
NET REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS:                                        
Net realized gain/(loss) on:                                        
Investments in securities     1,722,289       (5,447 )     (143,623 )     (136,920 )     (59,638 )
Foreign currency transactions     10       -       -       -       -  
Net realized gain/(loss)     1,722,299       (5,447 )     (143,623 )     (136,920 )     (59,638 )
Change in unrealized appreciation/(depreciation) on:                                        
Investments in securities     7,337,678       (147,089 )     93,030       536,137       478,679  
Foreign currency transactions     67       -       -       -       -  
Change in unrealized appreciation/(depreciation)     7,337,745       (147,089 )     93,030       536,137       478,679  
Net Realized and Unrealized Gain/(Loss) on Investments     9,060,044       (152,536 )     (50,593 )     399,217       419,041  
Net Increase/(Decrease) in Net Assets Resulting from Operations   $ 12,386,164     $ 3,400,317     $ 1,909,402     $ 1,721,195     $ 832,074  

 

The accompanying notes are an integral part of these financial statements.

 

139

 

 

BONDBLOXX ETF TRUST

 

Statements of Operations (Continued) (Concluded)

For the Period Ended April 30, 2023 (Unaudited)

 

    BondBloxx
Bloomberg
Five Year
Target Duration
US Treasury
ETF
    BondBloxx
Bloomberg
Seven Year
Target Duration
US Treasury
ETF
    BondBloxx
Bloomberg
Ten Year
Target Duration
US Treasury
ETF
    BondBloxx
Bloomberg
Twenty Year
Target Duration
US Treasury
ETF
 
INVESTMENT INCOME:                                
Interest income   $ 533,993     $ 432,357     $ 381,467     $ 437,920  
Total income     533,993       432,357       381,467       437,920  
EXPENSES:                                
Management fees     7,286       5,986       7,811       14,641  
Total Expenses     7,286       5,986       7,811       14,641  
NET INVESTMENT INCOME/(LOSS)     526,707       426,371       373,656       423,279  
                                 
NET REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS:                                
Net realized gain/(loss) on:                                
Investments in securities     (70,428 )     (18,560 )     (72,546 )     (345,902 )
Net realized gain/(loss)     (70,428 )     (18,560 )     (72,546 )     (345,902 )
Change in unrealized appreciation/(depreciation) on:                                
Investments in securities     880,939       1,019,735       1,486,759       2,529,032  
Change in unrealized appreciation/(depreciation)     880,939       1,019,735       1,486,759       2,529,032  
Net Realized and Unrealized Gain/(Loss) on Investments     810,511       1,001,175       1,414,213       2,183,130  
Net Increase/(Decrease) in Net Assets Resulting from Operations   $ 1,337,218     $ 1,427,546     $ 1,787,869     $ 2,606,409  

 

The accompanying notes are an integral part of these financial statements.

 

140

 

 

BONDBLOXX ETF TRUST

 

Statements of Changes in Net Assets

 

    BondBloxx
USD High Yield Bond
Industrial Sector ETF
    BondBloxx
USD High Yield Bond Telecom,
Media & Technology Sector ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
   

For the
Period Ended
October 31,
2022(1) 

    For the
Six Months Ended
April 30,
2023
(Unaudited)
   

For the
Period Ended
October 31,
2022(1) 

 
OPERATIONS:                                
Net investment income/(loss)   $ 189,559     $ 211,122     $ 149,533     $ 154,093  
Net realized gain/(loss) on investments     (165,827 )     (157,974 )     (247,851 )     (16,556 )
Net change in unrealized appreciation/(depreciation) on investments     448,613       (415,331 )     205,845       (488,904 )
Net increase/(decrease) in net assets resulting from operations     472,345       (362,183 )     107,527       (351,367 )
                                 
DISTRIBUTIONS TO SHAREHOLDERS:                                
Distributions from distributable earnings     (94,954 )     (192,726 )     (103,584 )     (135,149 )
                                 
CAPITAL TRANSACTIONS:                                
Proceeds from shares sold     18,375,845       11,592,075       8,488,965       7,628,270  
Cost of shares redeemed     (1,837,295 )     (7,462,440 )     (1,757,155 )     (3,662,890 )
Net increase/(decrease) in net assets from capital transactions     16,538,550       4,129,635       6,731,810       3,965,380  
Increase/(decrease) in net assets     16,915,941       3,574,726       6,735,753       3,478,864  
                                 
NET ASSETS:                                
Beginning of period     3,574,726       -       3,478,864       -  
End of period   $ 20,490,667     $ 3,574,726     $ 10,214,617     $ 3,478,864  
                                 
CHANGES IN SHARES OUTSTANDING:                                
Shares outstanding, beginning of period     100,000       -       100,000       -  
Shares sold     500,000       300,000       250,000       200,000  
Shares redeemed     (50,000 )     (200,000 )     (50,000 )     (100,000 )
Shares outstanding, end of period     550,000       100,000       300,000       100,000  

 

(1)  Funds commenced operations on February 15, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

141

 

 

BONDBLOXX ETF TRUST

 

Statements of Changes in Net Assets (Continued)

 

    BondBloxx
USD High Yield Bond
Healthcare Sector ETF
    BondBloxx
USD High Yield Bond
Financial & REIT Sector ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
   

For the
Period Ended
October 31,
2022(1) 

    For the
Six Months Ended
April 30,
2023
(Unaudited)
   

For the
Period Ended
October 31,

2022(1) 

 
OPERATIONS:                                
Net investment income/(loss)   $ 122,820     $ 290,762     $ 131,331     $ 198,526  
Net realized gain/(loss) on investments     (549,119 )     (494,318 )     (184,366 )     (218,621 )
Net change in unrealized appreciation/(depreciation) on investments     691,484       (823,756 )     313,055       (448,860 )
Net increase/(decrease) in net assets resulting from operations     265,185       (1,027,312 )     260,020       (468,955 )
                                 
DISTRIBUTIONS TO SHAREHOLDERS:                                
Distributions from distributable earnings     (142,416 )     (226,994 )     (97,074 )     (180,578 )
                                 
CAPITAL TRANSACTIONS:                                
Proceeds from shares sold     4,997,715       14,908,080       7,078,635       7,829,930  
Cost of shares redeemed     (6,495,240 )     (5,494,710 )     (1,798,040 )     (3,681,575 )
Net increase/(decrease) in net assets from capital transactions     (1,497,525 )     9,413,370       5,280,595       4,148,355  
Increase/(decrease) in net assets     (1,374,756 )     8,159,064       5,443,541       3,498,822  
                                 
NET ASSETS:                                
Beginning of period     8,159,064       -       3,498,822       -  
End of period   $ 6,784,308     $ 8,159,064     $ 8,942,363     $ 3,498,822  
                                 
CHANGES IN SHARES OUTSTANDING:                                
Shares outstanding, beginning of period     250,000       -       100,000       -  
Shares sold     150,000       400,000       200,000       200,000  
Shares redeemed     (200,000 )     (150,000 )     (50,000 )     (100,000 )
Shares outstanding, end of period     200,000       250,000       250,000       100,000  

 

(1)  Funds commenced operations on February 15, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

142

 

 

BONDBLOXX ETF TRUST

 

Statements of Changes in Net Assets (Continued)

 

    BondBloxx
USD High Yield Bond
Energy Sector ETF
    BondBloxx
USD High Yield Bond Consumer
Cyclicals Sector ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
   

For the
Period Ended
October 31,
2022(1) 

    For the
Six Months Ended
April 30,
2023
(Unaudited)
   

For the
Period Ended
October 31,
2022(1) 

 
OPERATIONS:                                
Net investment income/(loss)   $ 198,502     $ 288,196     $ 186,483     $ 274,094  
Net realized gain/(loss) on investments     (153,036 )     (14,475 )     (572,060 )     (32,565 )
Net change in unrealized appreciation/(depreciation) on investments     271,537       (402,337 )     699,062       (822,873 )
Net increase/(decrease) in net assets resulting from operations     317,003       (128,616 )     313,485       (581,344 )
                                 
DISTRIBUTIONS TO SHAREHOLDERS:                                
Distributions from distributable earnings     (179,603 )     (247,535 )     (123,697 )     (234,348 )
                                 
CAPITAL TRANSACTIONS:                                
Proceeds from shares sold     9,369,170       11,658,325       15,991,425       11,458,995  
Cost of shares redeemed     (5,544,180 )     (3,866,100 )     (5,206,265 )     (3,717,950 )
Net increase/(decrease) in net assets from capital transactions     3,824,990       7,792,225       10,785,160       7,741,045  
Increase/(decrease) in net assets     3,962,390       7,416,074       10,974,948       6,925,353  
                                 
NET ASSETS:                                
Beginning of period     7,516,074       100,000 (2)      6,925,353       -  
End of period   $ 11,478,464     $ 7,516,074     $ 17,900,301     $ 6,925,353  
                                 
CHANGES IN SHARES OUTSTANDING:                                
Shares outstanding, beginning of period     202,500       2,500 (2)      200,000       -  
Shares sold     250,000       300,000       450,000       300,000  
Shares redeemed     (150,000 )     (100,000 )     (150,000 )     (100,000 )
Shares outstanding, end of period     302,500       202,500       500,000       200,000  

 

(1)  Funds commenced operations on February 15, 2022.
(2)  Beginning capital of $100,000 was contributed by BondBloxx Investment Management Corporation, Investment Adviser to the Fund, in exchange for 2,500 Shares of the Fund at a net asset value of $40 per share, in connection with the seeding of the Trust.

 

The accompanying notes are an integral part of these financial statements.

 

143

 

 

BONDBLOXX ETF TRUST

 

Statements of Changes in Net Assets (Continued)

 

    BondBloxx
USD High Yield Bond Consumer
Non-Cyclicals Sector ETF
    BondBloxx B
Rated USD High Yield
Corporate Bond ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
   

For the
Period Ended
October 31,

2022(1) 

    For the
Six Months Ended
April 30,
2023
(Unaudited)
   

For the
Period Ended
October 31,
2022(3) 

 
OPERATIONS:                                
Net investment income/(loss)   $ 103,759     $ 212,769     $ 461,650     $ 437,741  
Net realized gain/(loss) on investments     (347,807 )     (41,479 )     (126,885 )     (135,771 )
Net change in unrealized appreciation/(depreciation) on investments     487,563       (596,917 )     245,551       (420,871 )
Net increase/(decrease) in net assets resulting from operations     243,515       (425,627 )     580,316       (118,901 )
                                 
DISTRIBUTIONS TO SHAREHOLDERS:                                
Distributions from distributable earnings     (96,035 )     (187,215 )     (465,099 )     (357,380 )
                                 
CAPITAL TRANSACTIONS:                                
Proceeds from shares sold     5,524,475       9,715,390       -       13,978,525  
Cost of shares redeemed     (3,594,970 )     (3,753,920 )     -       (1,985,495 )
Net increase/(decrease) in net assets from capital transactions     1,929,505       5,961,470       -       11,993,030  
Increase/(decrease) in net assets     2,076,985       5,348,628       115,217       11,516,749  
                                 
NET ASSETS:                                
Beginning of period     5,348,628       -       11,516,749       -  
End of period   $ 7,425,613     $ 5,348,628     $ 11,631,966     $ 11,516,749  
                                 
CHANGES IN SHARES OUTSTANDING:                                
Shares outstanding, beginning of period     150,000       -       300,000       -  
Shares sold     150,000       250,000       -       350,000  
Shares redeemed     (100,000 )     (100,000 )     -       (50,000 )
Shares outstanding, end of period     200,000       150,000       300,000       300,000  

 

(1)  Funds commenced operations on February 15, 2022.
(3)  Funds commenced operations on May 24, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

144

 

 

BONDBLOXX ETF TRUST

 

Statements of Changes in Net Assets (Continued)

 

    BondBloxx
BB Rated USD High Yield
Corporate Bond ETF
    BondBloxx
CCC Rated USD High Yield
Corporate Bond ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
   

For the
Period Ended
October 31,
2022(3) 

    For the
Six Months Ended
April 30,
2023
(Unaudited)
   

For the
Period Ended
October 31,
2022(3) 

 
OPERATIONS:                                
Net investment income/(loss)   $ 1,388,159     $ 1,116,612     $ 527,339     $ 473,536  
Net realized gain/(loss) on investments     (512,860 )     (165,061 )     (294,136 )     24,514  
Net change in unrealized appreciation/(depreciation) on investments     1,440,882       (1,896,733 )     280,096       (661,228 )
Net increase/(decrease) in net assets resulting from operations     2,316,181       (945,182 )     513,299       (163,178 )
                                 
DISTRIBUTIONS TO SHAREHOLDERS:                                
Distributions from distributable earnings     (1,374,793 )     (891,418 )     (564,523 )     (351,099 )
                                 
CAPITAL TRANSACTIONS:                                
Proceeds from shares sold     7,829,305       44,217,930       1,854,875       13,761,276  
Cost of shares redeemed     (3,861,720 )     -       (3,690,915 )     (1,998,065 )
Net increase/(decrease) in net assets from capital transactions     3,967,585       44,217,930       (1,836,040 )     11,763,211  
Increase/(decrease) in net assets     4,908,973       42,381,330       (1,887,264 )     11,248,934  
                                 
NET ASSETS:                                
Beginning of period     42,381,330       -       11,248,934       -  
End of period   $ 47,290,303     $ 42,381,330     $ 9,361,670     $ 11,248,934  
                                 
CHANGES IN SHARES OUTSTANDING:                                
Shares outstanding, beginning of period     1,100,000       -       300,000       -  
Shares sold     200,000       1,100,000       50,000       350,000  
Shares redeemed     (100,000 )     -       (100,000 )     (50,000 )
Shares outstanding, end of period     1,200,000       1,100,000       250,000       300,000  

 

(3)  Funds commenced operations on May 24, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

145

 

 

BONDBLOXX ETF TRUST

 

Statements of Changes in Net Assets (Continued)

 

    BondBloxx
JP Morgan USD Emerging
Markets 1-10 Year Bond ETF
    BondBloxx
Bloomberg Six Month Target
Duration US Treasury ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
   

For the
Period Ended
October 31,
2022(4) 

    For the
Six Months Ended
April 30,
2023
(Unaudited)
   

For the
Period Ended
October 31,
2022(5) 

 
OPERATIONS:                                
Net investment income/(loss)   $ 3,326,120     $ 3,611,435     $ 3,552,853     $ 124,097  
Net realized gain/(loss) on investments     1,722,299       (279,512 )     (5,447 )     (9,692 )
Net change in unrealized appreciation/(depreciation) on investments     7,337,745       (9,065,137 )     (147,089 )     (66,198 )
Net increase/(decrease) in net assets resulting from operations     12,386,164       (5,733,214 )     3,400,317       48,207  
                                 
DISTRIBUTIONS TO SHAREHOLDERS:                                
Distributions from distributable earnings     (5,464,814 )     (2,662,213 )     (2,233,117 )     -  
                                 
CAPITAL TRANSACTIONS:                                
Proceeds from shares sold     5,911,890       177,106,675       450,858,206       50,046,404  
Cost of shares redeemed     -       -       (10,545,799 )     -  
Net increase/(decrease) in net assets from capital transactions     5,911,890       177,106,675       440,312,407       50,046,404  
Increase/(decrease) in net assets     12,833,240       168,711,248       441,479,607       50,094,611  
                                 
NET ASSETS:                                
Beginning of period     168,711,248       -       50,094,611       -  
End of period   $ 181,544,488     $ 168,711,248     $ 491,574,218     $ 50,094,611  
                                 
CHANGES IN SHARES OUTSTANDING:                                
Shares outstanding, beginning of period     4,450,000       -       1,000,000       -  
Shares sold     150,000       4,450,000       8,990,000       1,000,000  
Shares redeemed     -       -       (210,000 )     -  
Shares outstanding, end of period     4,600,000       4,450,000       9,780,000       1,000,000  

 

(4)  Fund commenced operations on June 28, 2022.
(5)  Fund commenced operations on September 13, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

146

 

 

BONDBLOXX ETF TRUST

 

Statements of Changes in Net Assets (Continued)

 

   

BondBloxx
Bloomberg One Year Target
Duration US Treasury ETF

   

BondBloxx
Bloomberg Two Year Target
Duration US Treasury ETF

 
   

For the
Six Months Ended
April 30,
2023
(Unaudited)

   

For the
Period Ended
October 31,
2022
(5) 

   

For the
Six Months Ended
April 30,
2023
(Unaudited)

   

For the
Period Ended
October 31,
2022
(5) 

 
OPERATIONS:                                
Net investment income/(loss)   $ 1,959,995     $ 175,542     $ 1,321,978     $ 166,264  
Net realized gain/(loss) on investments     (143,623 )     (22,869 )     (136,920 )     (31,288 )
Net change in unrealized appreciation/(depreciation) on investments     93,030       (199,645 )     536,137       (401,307 )
Net increase/(decrease) in net assets resulting from operations     1,909,402       (46,972 )     1,721,195       (266,331 )
                                 
DISTRIBUTIONS TO SHAREHOLDERS:                                
Distributions from distributable earnings     (1,586,503 )     -       (1,183,397 )     -  
                                 
CAPITAL TRANSACTIONS:                                
Proceeds from shares sold     139,996,661       39,471,361       64,558,259       36,889,007  
Cost of shares redeemed     (29,448,969 )     -       (8,968,350 )     -  
Net increase/(decrease) in net assets from capital transactions     110,547,692       39,471,361       55,589,909       36,889,007  
Increase/(decrease) in net assets     110,870,591       39,424,389       56,127,707       36,622,676  
                                 
NET ASSETS:                                
Beginning of period     39,424,389       -       36,622,676       -  
End of period   $ 150,294,980     $ 39,424,389     $ 92,750,383     $ 36,622,676  
                                 
CHANGES IN SHARES OUTSTANDING:                                
Shares outstanding, beginning of period     790,000       -       740,000       -  
Shares sold     2,810,000       790,000       1,300,000       740,000  
Shares redeemed     (590,000 )     -       (180,000 )     -  
Shares outstanding, end of period     3,010,000       790,000       1,860,000       740,000  

 

(5)  Fund commenced operations on September 13, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

147

 

 

BONDBLOXX ETF TRUST

 

Statements of Changes in Net Assets (Continued)

 

    BondBloxx
Bloomberg Three Year Target
Duration US Treasury ETF
    BondBloxx
Bloomberg Five Year Target
Duration US Treasury ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(5) 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(5) 
 
OPERATIONS:                                
Net investment income/(loss)   $ 413,033     $ 99,501     $ 526,707     $ 87,675  
Net realized gain/(loss) on investments     (59,638 )     (73,209 )     (70,428 )     (35,055 )
Net change in unrealized appreciation/(depreciation) on investments     478,679       (288,177 )     880,939       (583,718 )
Net increase/(decrease) in net assets resulting from operations     832,074       (261,885 )     1,337,218       (531,098 )
                                 
DISTRIBUTIONS TO SHAREHOLDERS:                                
Distributions from distributable earnings     (439,139 )     -       (506,961 )     -  
                                 
CAPITAL TRANSACTIONS:                                
Proceeds from shares sold     3,456,872       20,407,929       16,454,650       20,857,369  
Cost of shares redeemed     (999,820 )     -       (1,002,958 )     -  
Net increase/(decrease) in net assets from capital transactions     2,457,052       20,407,929       15,451,692       20,857,369  
Increase/(decrease) in net assets     2,849,987       20,146,044       16,281,949       20,326,271  
                                 
NET ASSETS:                                
Beginning of period     20,146,044       -       20,326,271       -  
End of period   $ 22,996,031     $ 20,146,044     $ 36,608,220     $ 20,326,271  
                                 
CHANGES IN SHARES OUTSTANDING:                                
Shares outstanding, beginning of period     410,000       -       420,000       -  
Shares sold     70,000       410,000       330,000       420,000  
Shares redeemed     (20,000 )     -       (20,000 )     -  
Shares outstanding, end of period     460,000       410,000       730,000       420,000  

 

(5)  Fund commenced operations on September 13, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

148

 

 

BONDBLOXX ETF TRUST

 

Statements of Changes in Net Assets (Continued)

 

    BondBloxx
Bloomberg Seven Year Target
Duration US Treasury ETF
    BondBloxx
Bloomberg Ten Year Target
Duration US Treasury ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(5) 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(5) 
 
OPERATIONS:                                
Net investment income/(loss)   $ 426,371     $ 86,877     $ 373,656     $ 85,267  
Net realized gain/(loss) on investments     (18,560 )     (96,098 )     (72,546 )     (71,927 )
Net change in unrealized appreciation/(depreciation) on investments     1,019,735       (766,860 )     1,486,759       (1,197,430 )
Net increase/(decrease) in net assets resulting from operations     1,427,546       (776,081 )     1,787,869       (1,184,090 )
                                 
DISTRIBUTIONS TO SHAREHOLDERS:                                
Distributions from distributable earnings     (435,530 )     -       (395,974 )     -  
                                 
CAPITAL TRANSACTIONS:                                
Proceeds from shares sold     5,957,811       21,308,037       -       21,251,092  
Cost of shares redeemed     (499,667 )     -       -       -  
Net increase/(decrease) in net assets from capital transactions     5,458,144       21,308,037       -       21,251,092  
Increase/(decrease) in net assets     6,450,160       20,531,956       1,391,895       20,067,002  
                                 
NET ASSETS:                                
Beginning of period     20,531,956       -       20,067,002       -  
End of period   $ 26,982,116     $ 20,531,956     $ 21,458,897     $ 20,067,002  
                                 
CHANGES IN SHARES OUTSTANDING:                                
Shares outstanding, beginning of period     430,000       -       430,000       -  
Shares sold     120,000       430,000       -       430,000  
Shares redeemed     (10,000 )     -       -       -  
Shares outstanding, end of period     540,000       430,000       430,000       430,000  

 

(5)  Fund commenced operations on September 13, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

149

 

 

BONDBLOXX ETF TRUST

 

Statements of Changes in Net Assets (Continued) (Concluded)

 

    BondBloxx
Bloomberg Twenty Year Target
Duration US Treasury ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(5) 
 
OPERATIONS:                
Net investment income/(loss)   $ 423,279     $ 93,182  
Net realized gain/(loss) on investments     (345,902 )     (616,657 )
Net change in unrealized appreciation/(depreciation) on investments     2,529,032       (2,160,897 )
Net increase/(decrease) in net assets resulting from operations     2,606,409       (2,684,372 )
                 
DISTRIBUTIONS TO SHAREHOLDERS:                
Distributions from distributable earnings     (440,171 )     -  
                 
CAPITAL TRANSACTIONS:                
Proceeds from shares sold     4,419,342       24,072,128  
Cost of shares redeemed     (2,134,845 )     -  
Net increase/(decrease) in net assets from capital transactions     2,284,497       24,072,128  
Increase/(decrease) in net assets     4,450,735       21,387,756  
                 
NET ASSETS:                
Beginning of period     21,387,756       -  
End of period   $ 25,838,491     $ 21,387,756  
                 
CHANGES IN SHARES OUTSTANDING:                
Shares outstanding, beginning of period     490,000       -  
Shares sold     90,000       490,000  
Shares redeemed     (50,000 )     -  
Shares outstanding, end of period     530,000       490,000  

 

(5)  Fund commenced operations on September 13, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

150

 

 

BONDBLOXX ETF TRUST

 

Financial Highlights

 

For a share outstanding throughout the period presented.

 

    BondBloxx
USD High Yield Bond
Industrial Sector ETF
    BondBloxx
USD High Yield Bond Telecom,
Media & Technology Sector ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(1) 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(1) 
 
Net Asset Value, beginning of period   $ 35.75     $ 39.89     $ 34.79     $ 39.65  
Income/(loss) from operations:                                
Net investment income/(loss)(2)      1.20       1.55       1.25       1.54  
Net realized and unrealized gain/(loss) on investments     1.30       (4.25 )     (0.96 )     (5.05 )
Total income/(loss) from operations     2.50       (2.70 )     0.29       (3.51 )
                                 
Distributions to shareholders:                                
Net investment income     (0.99 )     (1.44 )     (1.03 )     (1.35 )
Total distributions     (0.99 )     (1.44 )     (1.03 )     (1.35 )
Net Asset Value, end of period   $ 37.26     $ 35.75     $ 34.05     $ 34.79  
Market Value, end of period   $ 37.34     $ 35.71     $ 34.14     $ 34.73  
Total Return at Net Asset Value(3)      7.10 %     (6.81 )%     0.83 %     (8.96 )%
Total Return at Market Value(4)     7.44 %     (6.88 )%     1.26 %     (9.03 )%
Net Assets, end of period (millions)   $ 20.5     $ 3.6     $ 10.2     $ 3.5  
Ratios to average net assets:                                
Expenses(5)      0.35 %     0.35 %     0.35 %     0.35 %
Net investment income/(loss)(5,6)      6.48 %     5.87 %     7.19 %     5.93 %
Portfolio turnover rate(7)     5 %     9 %     14 %     13 %
                                 

 

(1)  The Funds commenced operations on February 15, 2022. Shares of XHYI and XHYT were listed on the NYSE Arca, Inc. on February 17, 2022.
(2)  Based on average daily shares outstanding.
(3)  Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(4)  Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(5)  Annualized.
(6)  Net investment income/(loss) represents income earned by the Fund from its underlying investments less expenses incurred by the Fund during the period.
(7)  Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

The accompanying notes are an integral part of these financial statements.

 

151

 

 

BONDBLOXX ETF TRUST

 

Financial Highlights (Continued)

 

For a share outstanding throughout the period presented.

 

    BondBloxx
USD High Yield Bond
Healthcare Sector ETF
    BondBloxx
USD High Yield Bond
Financial & REIT Sector ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(1) 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(1) 
 
Net Asset Value, beginning of period   $ 32.64     $ 39.84     $ 34.99     $ 39.74  
Income/(loss) from operations:                                
Net investment income/(loss)(2)      1.36       1.62       1.22       1.46  
Net realized and unrealized gain/(loss) on investments     1.59       (7.58 )     0.65       (4.86 )
Total income/(loss) from operations     2.95       (5.96 )     1.87       (3.40 )
                                 
Distributions to shareholders:                                
Net investment income     (1.67 )     (1.24 )     (1.09 )     (1.35 )
Total distributions     (1.67 )     (1.24 )     (1.09 )     (1.35 )
Net Asset Value, end of period   $ 33.92     $ 32.64     $ 35.77     $ 34.99  
Market Value, end of period   $ 34.03     $ 32.52     $ 35.87     $ 34.99  
Total Return at Net Asset Value(3)      9.29 %     (15.19 )%     5.42 %     (8.65 )%
Total Return at Market Value(4)     10.03 %     (15.47 )%     5.70 %     (8.72 )%
Net Assets, end of period (millions)   $ 6.8     $ 8.2     $ 8.9     $ 3.5  
Ratios to average net assets:                                
Expenses(5)      0.35 %     0.35 %     0.35 %     0.35 %
Net investment income/(loss)(5,6)      8.28 %     6.39 %     6.81 %     5.57 %
Portfolio turnover rate(7)     1 %     37 %     15 %     21 %
                                 

 

(1)  The Funds commenced operations on February 15, 2022. Shares of XHYH and XHYF were listed on the NYSE Arca, Inc. on February 17, 2022.
(2)  Based on average daily shares outstanding.
(3)  Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(4)  Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(5)  Annualized.
(6)  Net investment income/(loss) represents income earned by the Fund from its underlying investments less expenses incurred by the Fund during the period.
(7)  Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.

 

The accompanying notes are an integral part of these financial statements.

 

152

 

 

BONDBLOXX ETF TRUST

 

Financial Highlights (Continued)

 

For a share outstanding throughout the period presented.

 

    BondBloxx
USD High Yield Bond
Energy Sector ETF
    BondBloxx
USD High Yield Bond Consumer
Cyclicals Sector ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(1) 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(1) 
 
Net Asset Value, beginning of period   $ 37.12     $ 39.62 (8)    $ 34.63     $ 39.87  
Income/(loss) from operations:                                
Net investment income/(loss)(2)      1.21       1.62       1.24       1.57  
Net realized and unrealized gain/(loss) on investments     0.75       (2.74 )     0.99       (5.49 )
Total income/(loss) from operations     1.96       (1.12 )     2.23       (3.92 )
                                 
Distributions to shareholders:                                
Net investment income     (1.13 )     (1.38 )     (1.06 )     (1.32 )
Total distributions     (1.13 )     (1.38 )     (1.06 )     (1.32 )
Net Asset Value, end of period   $ 37.95     $ 37.12     $ 35.80     $ 34.63  
Market Value, end of period   $ 38.02     $ 36.97     $ 35.89     $ 34.45  
Total Return at Net Asset Value(3)      5.37 %     (2.84 )%     6.53 %     (9.96 )%
Total Return at Market Value(4)     5.98 %     (3.19 )%     7.35 %     (10.54 )%
Net Assets, end of period (millions)   $ 11.5     $ 7.5     $ 17.9     $ 6.9  
Ratios to average net assets:                                
Expenses(5)      0.35 %     0.35 %     0.35 %     0.35 %
Net investment income/(loss)(5,6)      6.43 %     6.03 %     6.93 %     6.05 %
Portfolio turnover rate(7)     11 %     21 %     10 %     12 %
                                 

 

(1)  The Funds commenced operations on February 15, 2022. Shares of XHYE and XHYC were listed on the NYSE Arca, Inc. on February 17, 2022.
(2)  Based on average daily shares outstanding.
(3)  Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(4)  Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(5)  Annualized.
(6)  Net investment income/(loss) represents income earned by the Fund from its underlying investments less expenses incurred by the Fund during the period.
(7)  Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.
(8)  The net asset value at the beginning of the period differs from the beginning net asset value reflected on the Statements of Changes in Net Assets due to a change in unrealized gain/(loss) from the inception date February 15, 2022, to when the initial basket was created.

 

The accompanying notes are an integral part of these financial statements.

 

153

 

 

BONDBLOXX ETF TRUST

 

Financial Highlights (Continued)

 

For a share outstanding throughout the period presented.

 

    BondBloxx
USD High Yield Bond Consumer
Non-Cyclicals Sector ETF
    BondBloxx B
Rated USD High Yield
Corporate Bond ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(1) 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(9) 
 
Net Asset Value, beginning of period   $ 35.66     $ 39.80     $ 38.39     $ 40.08  
Income/(loss) from operations:                                
Net investment income/(loss)(2)      1.02       1.44       1.54       1.35  
Net realized and unrealized gain/(loss) on investments     1.40       (4.33 )     0.39       (1.94 )
Total income/(loss) from operations     2.42       (2.89 )     1.93       (0.59 )
                                 
Distributions to shareholders:                                
Net investment income     (0.95 )     (1.25 )     (1.55 )     (1.10 )
Total distributions     (0.95 )     (1.25 )     (1.55 )     (1.10 )
Net Asset Value, end of period   $ 37.13     $ 35.66     $ 38.77     $ 38.39  
Market Value, end of period   $ 37.23     $ 35.62     $ 38.84     $ 38.33  
Total Return at Net Asset Value(3)      6.91 %     (7.32 )%     5.13 %     (1.45 )%
Total Return at Market Value(4)     7.31 %     (7.55 )%     5.47 %     (5.16 )%
Net Assets, end of period (millions)   $ 7.4     $ 5.3     $ 11.6     $ 11.5  
Ratios to average net assets:                                
Expenses(5)      0.35 %     0.35 %     0.30 %     0.30 %
Net investment income/(loss)(5,6)      5.63 %     5.47 %     8.05 %     7.87 %
Portfolio turnover rate(7)     4 %     25 %     15 %     8 %
                                 

 

(1)  The Fund commenced operations on February 15, 2022. Shares of XHYD were listed on the NYSE Arca, Inc. on February 17, 2022.
(2)  Based on average daily shares outstanding.
(3)  Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(4)  Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(5)  Annualized.
(6)  Net investment income/(loss) represents income earned by the Fund from its underlying investments less expenses incurred by the Fund during the period.
(7)  Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.
(9)  The Fund commenced operations on May 24, 2022. Shares of XB were listed on the NYSE Arca, Inc. on May 26, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

154

 

 

BONDBLOXX ETF TRUST

 

Financial Highlights (Continued)

 

For a share outstanding throughout the period presented.

 

    BondBloxx
BB Rated USD High Yield
Corporate Bond ETF
    BondBloxx
CCC Rated USD High Yield
Corporate Bond ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(9) 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(9) 
 
Net Asset Value, beginning of period   $ 38.53     $ 40.17     $ 37.50     $ 40.00  
Income/(loss) from operations:                                
Net investment income/(loss)(2)      1.22       1.04       2.32       1.99  
Net realized and unrealized gain/(loss) on investments     0.88       (1.87 )     0.04       (3.01 )
Total income/(loss) from operations     2.10       (0.83 )     2.36       (1.02 )
                                 
Distributions to shareholders:                                
Net investment income     (1.22 )     (0.81 )     (2.41 )     (1.48 )
Total distributions     (1.22 )     (0.81 )     (2.41 )     (1.48 )
Net Asset Value, end of period   $ 39.41     $ 38.53     $ 37.45     $ 37.50  
Market Value, end of period   $ 39.48     $ 38.47     $ 37.58     $ 37.45  
Total Return at Net Asset Value(3)     5.54 %     (2.07 )%     6.53 %     (2.59 )%
Total Return at Market Value(4)     5.88 %     (5.57 )%     7.01 %     (5.63 )%
Net Assets, end of period (millions)   $ 47.3     $ 42.4     $ 9.4     $ 11.2  
Ratios to average net assets:                                
Expenses(5)      0.20 %     0.20 %     0.40 %     0.40 %
Net investment income/(loss)(5,6)      6.31 %     6.03 %     12.57 %     11.58 %
Portfolio turnover rate(7)     14 %     13 %     18 %     12 %
                                 

 

(2)  Based on average daily shares outstanding.
(3)  Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(4)  Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(5)  Annualized.
(6)  Net investment income/(loss) represents income earned by the Fund from its underlying investments less expenses incurred by the Fund during the period.
(7)  Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.
(9)  The Funds commenced operations on May 24, 2022. Shares of XBB and XCCC were listed on the NYSE Arca, Inc. on May 26, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

155

 

 

BONDBLOXX ETF TRUST

 

Financial Highlights (Continued)

 

For a share outstanding throughout the period presented.

 

    BondBloxx
JP Morgan USD Emerging
Markets 1-10 Year Bond ETF
    BondBloxx
Bloomberg Six Month Target
Duration US Treasury ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(10) 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(11) 
 
Net Asset Value, beginning of period   $ 37.91     $ 40.00     $ 50.09     $ 50.00  
Income/(loss) from operations:                                
Net investment income/(loss)(2)      0.74       0.83       1.14       0.25  
Net realized and unrealized gain/(loss) on investments     2.04       (2.32 )     (0.07 )     (0.16 )
Total income/(loss) from operations     2.78       (1.49 )     1.07       0.09  
                                 
Distributions to shareholders:                                
Net investment income     (1.22 )     (0.60 )     (0.90 )     -  
Total distributions     (1.22 )     (0.60 )     (0.90 )     -  
Net Asset Value, end of period   $ 39.47     $ 37.91     $ 50.26     $ 50.09  
Market Value, end of period   $ 39.61     $ 37.67     $ 50.27     $ 50.13  
Total Return at Net Asset Value(3)     7.38 %     (3.78 )%     2.15 %     0.18 %
Total Return at Market Value(4)     8.43 %     (4.32 )%     2.09 %     0.22 %
Net Assets, end of period (millions)   $ 181.5     $ 168.7     $ 491.6     $ 50.1  
Ratios to average net assets:                                
Expenses(5)      0.29 %     0.29 %     0.03 %     0.03 %
Net investment income/(loss)(5,6)      3.78 %     6.09 %     4.49 %     3.53 %
Portfolio turnover rate(7)     12 %     9 %     41 %     24 %
                                 

 

(2)  Based on average daily shares outstanding.
(3)  Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(4)  Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(5)  Annualized.
(6)  Net investment income/(loss) represents income earned by the Fund from its underlying investments less expenses incurred by the Fund during the period.
(7)  Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.
(10)  The Fund commenced operations on June 28, 2022. Shares of XEMD were listed on the Cboe BZX, Inc. on June 30, 2022.
(11)  The Fund commenced operations on September 13, 2022. Shares of XHLF were listed on the NYSE Arca, Inc. on September 15, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

156

 

 

BONDBLOXX ETF TRUST

 

Financial Highlights (Continued)

 

For a share outstanding throughout the period presented.

 

    BondBloxx
Bloomberg One Year Target
Duration US Treasury ETF
    BondBloxx
Bloomberg Two Year Target
Duration US Treasury ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(11) 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(11) 
 
Net Asset Value, beginning of period   $ 49.90     $ 50.00     $ 49.49     $ 49.94  
Income/(loss) from operations:                                
Net investment income/(loss)(2)      1.16       0.27       1.02       0.26  
Net realized and unrealized gain/(loss) on investments     (0.09 )     (0.37 )     0.36       (0.71 )
Total income/(loss) from operations     1.07       (0.10 )     1.38       (0.45 )
                                 
Distributions to shareholders:                                
Net investment income     (1.04 )     -       (1.00 )     -  
Total distributions     (1.04 )     -       (1.00 )     -  
Net Asset Value, end of period   $ 49.93     $ 49.90     $ 49.87     $ 49.49  
Market Value, end of period   $ 49.95     $ 49.91     $ 49.87     $ 49.48  
Total Return at Net Asset Value(3)     2.18 %     (0.20 )%     2.82 %     (0.90 )%
Total Return at Market Value(4)     2.20 %     (0.14 )%     2.84 %     (0.74 )%
Net Assets, end of period (millions)   $ 150.3     $ 39.4     $ 92.8     $ 36.6  
Ratios to average net assets:                                
Expenses(5)      0.03 %     0.03 %     0.05 %     0.05 %
Net investment income/(loss)(5,6)      4.64 %     3.83 %     4.09 %     3.74 %
Portfolio turnover rate(7)     28 %     19 %     19 %     12 %
                                 

 

(2)  Based on average daily shares outstanding.
(3)  Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(4)  Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(5)  Annualized.
(6)  Net investment income/(loss) represents income earned by the Fund from its underlying investments less expenses incurred by the Fund during the period.
(7)  Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.
(11)  The Funds commenced operations on September 13, 2022. Shares of XONE and XTWO were listed on the NYSE Arca, Inc. on September 15, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

157

 

 

BONDBLOXX ETF TRUST

 

Financial Highlights (Continued)

 

For a share outstanding throughout the period presented.

 

    BondBloxx
Bloomberg Three Year Target
Duration US Treasury ETF
    BondBloxx
Bloomberg Five Year Target
Duration US Treasury ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(11) 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(11) 
 
Net Asset Value, beginning of period   $ 49.14     $ 49.86     $ 48.40     $ 49.77  
Income/(loss) from operations:                                
Net investment income/(loss)(2)      0.96       0.28       0.90       0.24  
Net realized and unrealized gain/(loss) on investments     0.93       (1.00 )     1.77       (1.61 )
Total income/(loss) from operations     1.89       (0.72 )     2.67       (1.37 )
                                 
Distributions to shareholders:                                
Net investment income     (1.04 )     -       (0.92 )     -  
Total distributions     (1.04 )     -       (0.92 )     -  
Net Asset Value, end of period   $ 49.99     $ 49.14     $ 50.15     $ 48.40  
Market Value, end of period   $ 49.98     $ 49.12     $ 50.14     $ 48.36  
Total Return at Net Asset Value(3)     3.89 %     (1.44 )%     5.58 %     (2.75 )%
Total Return at Market Value(4)     3.91 %     (1.25 )%     5.65 %     (2.50 )%
Net Assets, end of period (millions)   $ 23.0     $ 20.1     $ 36.6     $ 20.3  
Ratios to average net assets:                                
Expenses(5)      0.05 %     0.05 %     0.05 %     0.05 %
Net investment income/(loss)(5,6)      3.91 %     3.99 %     3.61 %     3.49 %
Portfolio turnover rate(7)     28 %     20 %     19 %     8 %
                                 

 

(2)  Based on average daily shares outstanding.
(3)  Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(4)  Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(5)  Annualized.
(6)  Net investment income/(loss) represents income earned by the Fund from its underlying investments less expenses incurred by the Fund during the period.
(7)  Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.
(11)  The Funds commenced operations on September 13, 2022. Shares of XTRE and XFIV were listed on the NYSE Arca, Inc. on September 15, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

158

 

 

BONDBLOXX ETF TRUST

 

Financial Highlights (Continued)

 

For a share outstanding throughout the period presented.

 

    BondBloxx
Bloomberg Seven Year Target
Duration US Treasury ETF
    BondBloxx
Bloomberg Ten Year Target
Duration US Treasury ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(11) 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(11) 
 
Net Asset Value, beginning of period   $ 47.75     $ 49.70     $ 46.67     $ 49.74  
Income/(loss) from operations:                                
Net investment income/(loss)(2)      0.87       0.23       0.87       0.23  
Net realized and unrealized gain/(loss) on investments     2.26       (2.18 )     3.28       (3.30 )
Total income/(loss) from operations     3.13       (1.95 )     4.15       (3.07 )
                                 
Distributions to shareholders:                                
Net investment income     (0.91 )     -       (0.92 )     -  
Total distributions     (0.91 )     -       (0.92 )     -  
Net Asset Value, end of period   $ 49.97     $ 47.75     $ 49.90     $ 46.67  
Market Value, end of period   $ 49.98     $ 47.68     $ 49.96     $ 46.60  
Total Return at Net Asset Value(3)     6.62 %     (3.92 )%     8.97 %     (6.17 )%
Total Return at Market Value(4)     6.79 %     (3.75 )%     9.27 %     (6.03 )%
Net Assets, end of period (millions)   $ 27.0     $ 20.5     $ 21.5     $ 20.1  
Ratios to average net assets:                                
Expenses(5)      0.05 %     0.05 %     0.075 %     0.075 %
Net investment income/(loss)(5,6)      3.56 %     3.45 %     3.59 %     3.44 %
Portfolio turnover rate(7)     12 %     19 %     12 %     12 %
                                 

 

(2)  Based on average daily shares outstanding.
(3)  Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(4)  Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(5)  Annualized.
(6)  Net investment income/(loss) represents income earned by the Fund from its underlying investments less expenses incurred by the Fund during the period.
(7)  Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.
(11)  The Funds commenced operations on September 13, 2022. Shares of XSVN and XTEN were listed on the NYSE Arca, Inc. on September 15, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

159

 

 

BONDBLOXX ETF TRUST

 

Financial Highlights (Continued) (Concluded)

 

For a share outstanding throughout the period presented.

 

    BondBloxx
Bloomberg Twenty Year Target
Duration US Treasury ETF
 
    For the
Six Months Ended
April 30,
2023
(Unaudited)
    For the
Period Ended
October 31,
2022(11) 
 
Net Asset Value, beginning of period   $ 43.65     $ 49.78  
Income/(loss) from operations:                
Net investment income/(loss)(2)      0.86       0.23  
Net realized and unrealized gain/(loss) on investments     5.14       (6.36 )
Total income/(loss) from operations     6.00       (6.13 )
                 
Distributions to shareholders:                
Net investment income     (0.90 )     -  
Total distributions     (0.90 )     -  
Net Asset Value, end of period   $ 48.75     $ 43.65  
Market Value, end of period   $ 48.82     $ 43.62  
Total Return at Net Asset Value(3)     13.83 %     (12.31 )%
Total Return at Market Value(4)     14.07 %     (12.66 )%
Net Assets, end of period (millions)   $ 25.8     $ 21.4  
Ratios to average net assets:                
Expenses(5)      0.125 %     0.125 %
Net investment income/(loss)(5,6)      3.61 %     3.54 %
Portfolio turnover rate(7)     22 %     45 %
                 

 

(2)  Based on average daily shares outstanding.
(3)  Net asset value total return is calculated assuming an initial investment made at the net asset value at the beginning of the period, reinvestment of all distributions at net asset value during the period, and redemption at net asset value on the last day of the period. Net asset value total return includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset value for financial reporting purposes and the returns based upon those net asset values may differ from the net asset value and returns for shareholder transactions. Total return calculated for a period of less than one year is not annualized.
(4)  Market price total return is calculated assuming an initial investment made at the market price at the beginning of the period, reinvestment of all distributions at net asset value during the period and sale at the market price on the last day of the period. Total return calculated for a period of less than one year is not annualized.
(5)  Annualized.
(6)  Net investment income/(loss) represents income earned by the Fund from its underlying investments less expenses incurred by the Fund during the period.
(7)  Portfolio turnover rate is not annualized and excludes the value of portfolio securities received or delivered as a result of in-kind creations or redemptions of the Fund’s capital shares.
(11)  The Funds commenced operations on September 13, 2022. Shares of XTWY were listed on the NYSE Arca, Inc. on September 15, 2022.

 

The accompanying notes are an integral part of these financial statements.

 

160

 

 

BONDBLOXX ETF TRUST

 

Notes to the Financial Statements

April 30, 2023 (Unaudited)

 

1. ORGANIZATION

 

The BondBloxx ETF Trust (the “Trust”) is a Delaware statutory trust organized on August 17, 2021 and is authorized to issue multiple series or portfolios. The Trust is an open-end management investment company, registered under the Investment Company Act of 1940, as amended (the “1940 Act”). The Trust’s shares are registered under the Securities Act of 1933, as amended. The Trust currently consists of Bond shares of nineteen separate series: BondBloxx USD High Yield Bond Industrial Sector ETF, BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF, BondBloxx USD High Yield Bond Healthcare Sector ETF, BondBloxx USD High Yield Bond Financial & REIT Sector ETF, BondBloxx USD High Yield Bond Energy Sector ETF, BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF, BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF, BondBloxx B Rated USD High Yield Corporate Bond ETF, BondBloxx BB Rated USD High Yield Corporate Bond ETF, BondBloxx CCC Rated USD High Yield Corporate Bond ETF, BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF, BondBloxx Bloomberg Six Month Target Duration US Treasury ETF, BondBloxx Bloomberg One Year Target Duration US Treasury ETF, BondBloxx Bloomberg Two Year Target Duration US Treasury ETF, BondBloxx Bloomberg Three Year Target Duration US Treasury ETF, BondBloxx Bloomberg Five Year Target Duration US Treasury ETF, BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF, BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF and BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (each, a “Fund” and collectively, the “Funds”). Each series operates as an exchange-traded fund. The Funds are classified as “non-diversified” under the 1940 Act.

 

Each Fund is managed by BondBloxx Investment Management Corporation (“BIM” or “Adviser”) and generally seeks to track the investment results of each Index (the “Index”). The following table details the Index and commencement of operations of each Fund. Each Index models the performance of the bonds of issuers within a particular sector or group of sectors.

 

Fund Name

 

Index

 

Commencement
of Operations

BondBloxx USD High Yield Bond Industrial Sector ETF   ICE Diversified US Cash Pay High Yield Core Industrial Index   February 15, 2022
BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF   ICE Diversified US Cash Pay High Yield Telecom, Media & Technology Index   February 15, 2022
BondBloxx USD High Yield Bond Healthcare Sector ETF   ICE Diversified US Cash Pay High Yield Healthcare Index   February 15, 2022
BondBloxx USD High Yield Bond Financial & REIT Sector ETF   ICE Diversified US Cash Pay High Yield Financial & REIT Index   February 15, 2022
BondBloxx USD High Yield Bond Energy Sector ETF   ICE Diversified US Cash Pay High Yield Energy Index   February 15, 2022
BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF   ICE Diversified US Cash Pay High Yield Consumer Cyclical Index   February 15, 2022
BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF   ICE Diversified US Cash Pay High Yield Consumer Non-Cyclical Index   February 15, 2022
BondBloxx B Rated USD High Yield Corporate Bond ETF   ICE BofA Single-B US Cash Pay High Yield Constrained Index   May 24, 2022
BondBloxx BB Rated USD High Yield Corporate Bond ETF   ICE BofA BB US Cash Pay High Yield Constrained Index   May 24, 2022
BondBloxx CCC Rated USD High Yield Corporate Bond ETF   ICE CCC US Cash Pay High Yield Constrained Index   May 24, 2022
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF   J.P. Morgan EMBI Global Diversified Liquid 1-10 Year Maturity Index   June 28, 2022

 

161

 

 

BONDBLOXX ETF TRUST

 

Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

Fund Name   Index   Commencement
of Operations
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF   Bloomberg US Treasury 6 Month Duration Index   September 13, 2022
BondBloxx Bloomberg One Year Target Duration US Treasury ETF   Bloomberg US Treasury 1 Year Duration Index   September 13, 2022
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF   Bloomberg US Treasury 2 Year Duration Index   September 13, 2022
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF   Bloomberg US Treasury 3 Year Duration Index   September 13, 2022
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF   Bloomberg US Treasury 5 Year Duration Index   September 13, 2022
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF   Bloomberg US Treasury 7 Year Duration Index   September 13, 2022
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF   Bloomberg US Treasury 10 Year Duration Index   September 13, 2022
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF   Bloomberg US Treasury 20 Year Duration Index   September 13, 2022

 

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

 

The following is a summary of significant accounting policies consistently followed by the Funds. These policies are in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Management has determined that each Fund is an investment company in accordance with the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, “Financial Services — Investment Companies,” for the purpose of financial reporting.

 

Security transactions and Income recognition

 

Security transactions are recorded on trade date. The specific identification method is used for determining realized gains or losses for financial statements and income tax purposes. Interest income is recognized on an accrual basis. Discounts and premiums on securities purchased are accreted and amortized using the effective yield method and included in interest income. Securities purchased or sold on a when-issued or delayed-delivery basis may be settled beyond a standard settlement period for the security after the trade date.

 

Foreign Currency Translation

 

The market values of foreign securities, currency holdings and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars based on the current exchange rates each business day. Purchases and sales of securities and income and expense items denominated in foreign currencies, if any, are translated into U.S. dollars at the exchange rate in effect on the transaction date. The Funds do not separately report the effects of changes in foreign exchange rates from changes in market prices on securities held. Such changes are included in net realized gain (loss) and net change in unrealized appreciation (depreciation) from investments on the Statements of Operations. The Funds may invest in foreign currency-denominated securities and may engage in foreign currency transactions either on a spot (cash) basis at the rate prevailing in the currency exchange market at the time or through a forward foreign currency contract. Realized foreign exchange gains (losses) arising from sales of spot foreign currencies, currency gains (losses) realized between the trade

 

162

 

 

BONDBLOXX ETF TRUST

 

Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

and settlement dates on securities transactions and the difference between the recorded amounts of dividends, interest, and foreign withholding taxes and the U.S. dollar equivalent of the amounts actually received or paid are included in net realized gain (loss) on foreign currency transactions on the Statements of Operations. Net unrealized foreign exchange gains (losses) arising from changes in foreign exchange rates on foreign denominated assets and liabilities other than investments in securities held at the end of the reporting period are included in net change in unrealized appreciation (depreciation) on foreign currency assets and liabilities on the Statements of Operations.

 

Use of Estimates

 

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates and such differences could be material.

 

Cash

 

Cash includes non-interest bearing non-restricted cash held with a financial institution.

 

Investment Valuation

 

The Net Asset Value per share (“NAV”) of each Fund normally is determined once daily Monday through Friday, generally as of the regularly scheduled close of business of the New York Stock Exchange (“NYSE”) (normally 4:00 p.m., Eastern time) on each day that the NYSE is open for trading, based on prices of the Fund’s assets at the time of closing, provided that (i) any Fund assets or liabilities denominated in currencies other than the U.S. dollar are translated into U.S. dollars at the prevailing market rates on the date of valuation as quoted by one or more data service providers and (ii) U.S. fixed-income assets may be valued as of the announced closing time for trading in fixed-income instruments in a particular market or exchange.

 

The NAV of each Fund is calculated by dividing the value of the net assets of the Fund (i.e., the value of its total assets less total liabilities) by the total number of outstanding shares of the Fund, generally rounded to the nearest cent.

 

The value of the securities and other assets and liabilities held by each Fund are determined pursuant to valuation policies and procedures approved by the by the Board of Trustees (the “Board” or “Trustees”) and administered by BIM.

 

Each Fund values fixed-income portfolio securities at the midpoint between the bid and ask prices, or at current market price quotations provided by dealers, or at prices (including evaluated prices) supplied by the Fund’s approved independent third-party pricing services, each in accordance with valuation policies and procedures approved by the Board. Pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values. Pricing services generally value fixed-income securities assuming orderly transactions of an institutional round lot size, but the Fund may hold or transact in such securities in smaller odd lot sizes. Odd lots often trade at lower prices than institutional round lots. An amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless BIM determines in good faith that such method does not represent fair value.

 

Generally, trading in non-U.S. securities and money market instruments is substantially completed each day at various times prior to the close of business on the NYSE. The values of such securities used in computing the NAV of the Fund are determined as of such times.

 

When market quotations are not readily available or are believed by BIM to be unreliable, each Fund’s investments are valued at fair value. Fair value determinations are made by BIM in accordance with policies and procedures approved by the Board. BIM may conclude that a market quotation is not readily available or is unreliable if a security or other asset or liability does not have a price source due to its lack of trading or other reasons, if a market quotation differs significantly from recent price

 

163

 

 

BONDBLOXX ETF TRUST

 

Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

quotations or otherwise no longer appears to reflect fair value, where the security or other asset or liability is thinly traded, when there is a significant event subsequent to the most recent market quotation, or if the trading market on which a security is listed is suspended or closed and no appropriate alternative trading market is available. A “significant event” is deemed to occur if BIM determines, in its reasonable business judgment prior to or at the time of pricing the Fund’s assets or liabilities, that the event is likely to cause a material change to the closing market price of one or more assets or liabilities held by the Fund.

 

Fair value represents a good faith approximation of the value of an asset or liability. The fair value of an asset or liability held by a Fund is the amount the Fund might reasonably expect to receive from the current sale of that asset or the cost to extinguish that liability in an arm’s-length transaction. Valuing a Fund’s investments using fair value pricing, in the absence of readily available and reliable market quotations, may result in prices that are based on subjective judgments, which may lead to prices that may differ materially from current market valuations and that may not be the prices at which those investments could have been sold during the period in which the particular fair values were used. Use of fair value prices and certain current market valuations could result in a difference between the prices used to calculate a Fund’s NAV and the prices used by the Index, which, in turn, could result in a difference between the Fund’s performance and the performance of the Index.

 

Various inputs are used in determining the value of the Funds’ investments. The three levels defined by the hierarchy are as follows:

 

Level 1 – Quoted prices in active markets or exchanges for identical assets and liabilities.

 

Level 2 – Significant other observable inputs, which may include, but are not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market corroborated inputs.

 

Level 3 – Significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include assumptions made by BIM used in determining the fair value of investments.

 

The inputs or methodology used for valuing assets and liabilities are not necessarily an indication of the risk associated with investing in those assets and liabilities.

 

The following table summarizes the valuation of the Funds’ fair value hierarchy levels as of April 30, 2023:

 

BondBloxx USD High Yield Bond Industrial Sector ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Corporate Bonds   $ -     $ 20,017,507     $ -     $ 20,017,507  
Time Deposits     -       192,239       -       192,239  
Total Investments   $ -     $ 20,209,746     $ -     $ 20,209,746  

 

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Corporate Bonds   $ -     $ 9,860,629     $ -     $ 9,860,629  
Government Obligations     -       99,795       -       99,795  
Time Deposits     -       43,438       -       43,438  
Total Investments   $ -     $ 10,003,862     $ -     $ 10,003,862  

 

164

 

 

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Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

BondBloxx USD High Yield Bond Healthcare Sector ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Corporate Bonds   $ -     $ 6,641,594     $ -     $ 6,641,594  
Time Deposits     -       33,466       -       33,466  
Total Investments   $ -     $ 6,675,060     $ -     $ 6,675,060  

 

BondBloxx USD High Yield Bond Financial & REIT Sector ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Corporate Bonds   $ -     $ 8,761,497     $ -     $ 8,761,497  
Government Obligations     -       39,616       -       39,616  
Time Deposits     -       47,127       -       47,127  
Total Investments   $ -     $ 8,848,240     $ -     $ 8,848,240  

 

BondBloxx USD High Yield Bond Energy Sector ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Corporate Bonds   $ -     $ 11,221,177     $ -     $ 11,221,177  
Government Obligations     -       99,041       -       99,041  
Time Deposits     -       60,376       -       60,376  
Total Investments   $ -     $ 11,380,594     $ -     $ 11,380,594  

 

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Corporate Bonds   $ -     $ 17,403,050     $ -     $ 17,403,050  
Government Obligations     -       123,801       -       123,801  
Time Deposits     -       112,884       -       112,884  
Total Investments   $ -     $ 17,639,735     $ -     $ 17,639,735  

 

BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Corporate Bonds   $ -     $ 7,308,035     $ -     $ 7,308,035  
Time Deposits     -       43,838       -       43,838  
Total Investments   $ -     $ 7,351,873     $ -     $ 7,351,873  

 

BondBloxx B Rated USD High Yield Corporate Bond ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Corporate Bonds   $ -     $ 11,430,951     $ -     $ 11,430,951  
Time Deposits     -       82,650       -       82,650  
Total Investments   $ -     $ 11,513,601     $ -     $ 11,513,601  

 

165

 

 

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Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

BondBloxx BB Rated USD High Yield Corporate Bond ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Corporate Bonds   $ -     $ 46,131,135     $ -     $ 46,131,135  
Government Obligations     -       272,362       -       272,362  
Time Deposits     -       181,003       -       181,003  
Total Investments   $ -     $ 46,584,500     $ -     $ 46,584,500  

 

BondBloxx CCC Rated USD High Yield Corporate Bond ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Corporate Bonds   $ -     $ 9,081,805     $ -     $ 9,081,805  
Government Obligations     -       148,997       -       148,997  
Time Deposits     -       88,539       -       88,539  
Total Investments   $ -     $ 9,319,341     $ -     $ 9,319,341  

 

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Corporate Bonds   $ -     $ 20,716,848     $ -     $ 20,716,848  
Government Agencies & Obligations     -       158,035,317       -       158,035,317  
Time Deposits     -       1,303,930       -       1,303,930  
Total Investments   $ -     $ 180,056,095     $ -     $ 180,056,095  

 

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Government Obligations   $ -     $ 489,412,078     $ -     $ 489,412,078  
Time Deposits     -       17,100,431       -       17,100,431  
Total Investments   $ -     $ 506,512,509     $ -     $ 506,512,509  

 

BondBloxx Bloomberg One Year Target Duration US Treasury ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Government Obligations   $ -     $ 149,105,200     $ -     $ 149,105,200  
Time Deposits     -       118,761       -       118,761  
Total Investments   $ -     $ 149,223,961     $ -     $ 149,223,961  

 

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Government Obligations   $ -     $ 91,726,157     $ -     $ 91,726,157  
Time Deposits     -       121,456       -       121,456  
Total Investments   $ -     $ 91,847,613     $ -     $ 91,847,613  

 

166

 

 

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Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Government Obligations   $ -     $ 22,810,227     $ -     $ 22,810,227  
Time Deposits     -       45,341       -       45,341  
Total Investments   $ -     $ 22,855,568     $ -     $ 22,855,568  

 

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Government Obligations   $ -     $ 36,340,925     $ -     $ 36,340,925  
Time Deposits     -       59,816       -       59,816  
Total Investments   $ -     $ 36,400,741     $ -     $ 36,400,741  

 

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Government Obligations   $ -     $ 26,682,425     $ -     $ 26,682,425  
Time Deposits     -       32,636       -       32,636  
Total Investments   $ -     $ 26,715,061     $ -     $ 26,715,061  

 

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Government Obligations   $ -     $ 21,170,914     $ -     $ 21,170,914  
Time Deposits     -       32,690       -       32,690  
Total Investments   $ -     $ 21,203,604     $ -     $ 21,203,604  

 

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF

 

Assets   Level 1     Level 2     Level 3     Total  
Government Obligations   $ -     $ 25,508,618     $ -     $ 25,508,618  
Time Deposits     -       48,512       -       48,512  
Total Investments   $ -     $ 25,557,130     $ -     $ 25,557,130  

 

Bonds

 

Each Fund invests a substantial portion of its assets in U.S. dollar-denominated bonds. A bond is an interest-bearing security issued by a U.S. or non-U.S. company, or U.S. or non-U.S. governmental unit. The issuer of a bond has a contractual obligation to pay interest at a stated rate on specific dates and to repay principal (the bond’s face value) periodically or on a specified maturity date. Bonds generally are used by corporations and governments to borrow money from investors.

 

Perpetual Bonds are fixed income securities with no maturity date but pay a coupon in perpetuity (with no specified ending or maturity date). Unlike typical fixed income securities, there is no obligation for perpetual bonds to repay principal. The coupon payments, however, are mandatory. While perpetual bonds have no maturity date, they may have a callable date in which the perpetuity is eliminated and the issuer may return the principal received on the specified call date. Additionally, a perpetual bond may have additional features, such as interest rate increases at periodic dates or an increase as of a predetermined point in the future.

 

167

 

 

BONDBLOXX ETF TRUST

 

Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

Restricted Investments are subject to legal or contractual restrictions on resale and may generally be sold privately, but may be required to be registered or exempted from such registration before being sold to the public. Private placement securities are generally considered to be restricted except for those securities traded between qualified institutional investors under the provisions of Rule 144A of the Securities Act of 1933. Restricted investments held by the Funds as of April 30, 2023, as applicable, are disclosed in the Notes to Portfolios of Investments.

 

Securities Issued by U.S. Government Agencies or Government-Sponsored Enterprises are obligations of and, in certain cases, guaranteed by, the U.S. Government, its agencies or instrumentalities. Some U.S. Government securities, such as Treasury bills, notes and bonds, and securities guaranteed by the Government National Mortgage Association, are supported by the full faith and credit of the U.S. Government; others, such as those of the Federal Home Loan Banks, are supported by the right of the issuer to borrow from the U.S. Department of the Treasury (the “U.S. Treasury”); and others, such as those of the Federal National Mortgage Association (“FNMA” or “Fannie Mae”), are supported by the discretionary authority of the U.S. Government to purchase the agency’s obligations. U.S. Government securities may include zero coupon securities which do not distribute interest on a current basis and tend to be subject to a greater risk than interest-paying securities of similar maturities.

 

Government-related guarantors (i.e., not backed by the full faith and credit of the U.S. Government) include FNMA and the Federal Home Loan Mortgage Corporation (“FHLMC” or “Freddie Mac”). FNMA is a government-sponsored corporation. FNMA purchases conventional (i.e., not insured or guaranteed by any government agency) residential mortgages from a list of approved seller/servicers which include state and federally chartered savings and loan associations, mutual savings banks, commercial banks and credit unions and mortgage bankers. Pass-through securities issued by FNMA are guaranteed as to timely payment of principal and interest by FNMA, but are not backed by the full faith and credit of the U.S. Government. FHLMC issues Participation Certificates (“PCs”), which are pass-through securities, each representing an undivided interest in a pool of residential mortgages. FHLMC guarantees the timely payment of interest and ultimate collection of principal, but PCs are not backed by the full faith and credit of the U.S. Government.

 

In June 2019, FNMA and FHLMC started issuing Uniform Mortgage Backed Securities in place of their current offerings of TBA-eligible securities (the “Single Security Initiative”). The Single Security Initiative seeks to support the overall liquidity of the TBA market and aligns the characteristics of FNMA and FHLMC certificates. The effects that the Single Security Initiative may have on the market for TBA and other mortgage-backed securities are uncertain.

 

Roll-timing strategies can be used where a Fund seeks to extend the expiration or maturity of a position, such as a TBA security on an underlying asset, by closing out the position before expiration and opening a new position with respect to substantially the same underlying asset with a later expiration date. TBA securities purchased or sold are reflected on the Statements of Assets and Liabilities as an asset or liability, respectively. Recently finalized FINRA rules include mandatory margin requirements for the TBA market that require the Funds to post collateral in connection with their TBA transactions. There is no similar requirement applicable to the Funds’ TBA counterparties. The required collateralization of TBA trades could increase the cost of TBA transactions to the Funds and impose added operational complexity.

 

Separate Trading of Registered Interest and Principal of Securities (“STRIPS”) are U.S. Treasury fixed income securities in which the principal is separated, or stripped, from the interest and each takes the form of zero coupon securities. A STRIP is sold at a significant discount to face value and offers no interest payments; rather, investors receive payment at maturity. Zero coupon securities do not distribute interest on a current basis and tend to be subject to greater risk than interest-paying securities.

 

168

 

 

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Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

Defaulted Securities

 

Certain Funds may hold defaulted securities or other securities which were placed in non-accrual status as the collection of a portion or all of the interest has been deemed to be uncollectible. Debt obligations may be placed on non-accrual status and the related interest income, amortization or accretion may be reduced or stopped entirely. Additionally, current income accruals and interest receivables may be written off when it becomes probable that the interest will not be collected, and the amount of uncollectible interest can be reasonably estimated. A debt obligation is removed from non-accrual status when the issuer resumes interest payments or when collectability of interest is probable.

 

Time Deposits

 

The Funds place excess cash balances into overnight time deposits with one or more eligible deposit institutions that meet credit and risk standards approved by the Funds. These are classified as short-term investments in the Funds’ Portfolios of Investments.

 

Reclassification

 

U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or the NAV per Share.

 

Distribution of Income and Gains

 

The Funds intend to declare and make distributions of net investment income monthly. Distributions of net realized capital gains earned by the Funds, if any, are distributed at least annually. Distributions from income and capital gains are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP.

 

Organizational and Offering Costs

 

The Adviser has agreed to bear all organizational and offering expenses for the Funds.

 

3. INVESTMENT ADVISORY AND OTHER AGREEMENTS

 

Investment Adviser

 

The Adviser furnishes investment management services to the Funds pursuant to an Investment Advisory Agreement with the Trust’s Board on behalf of each Fund, subject to the supervision and direction of the Board. The Adviser is registered with the SEC as an investment adviser under the Investment Advisers Act of 1940, as amended, as of date of these financial statements.

 

Pursuant to the Investment Advisory Agreement between BIM and the Trust (entered into on behalf of each Fund), BIM is responsible for substantially all expenses of the Funds, except the management fees, interest expenses, taxes, expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, distribution fees or expenses, litigation expenses and any extraordinary expenses (as determined by a majority of the Trustees who are not “interested persons” of the Trust).

 

169

 

 

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Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

For its investment advisory services to the Funds, BIM will be paid a management fee from each Fund based on a percentage of each Fund’s average daily net assets, at the annual rates set forth below:

 

Fund   Management Fee
BondBloxx USD High Yield Bond Industrial Sector ETF   0.35%
BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF   0.35%
BondBloxx USD High Yield Bond Healthcare Sector ETF   0.35%
BondBloxx USD High Yield Bond Financial & REIT Sector ETF   0.35%
BondBloxx USD High Yield Bond Energy Sector ETF   0.35%
BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF   0.35%
BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF   0.35%
BondBloxx B Rated USD High Yield Corporate Bond ETF   0.30%
BondBloxx BB Rated USD High Yield Corporate Bond ETF   0.20%
BondBloxx CCC Rated USD High Yield Corporate Bond ETF   0.40%
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF   0.29%
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF   0.03%
BondBloxx Bloomberg One Year Target Duration US Treasury ETF   0.03%
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF   0.05%
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF   0.05%
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF   0.05%
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF   0.05%
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF   0.075%
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF   0.125%

 

BIM may from time to time voluntarily waive and/or reimburse fees or expenses in order to limit total annual fund operating expenses (excluding acquired fund fees and expenses, if any). Any such voluntary waiver or reimbursement may be eliminated by BIM at any time. Any waivers/reimbursements are not subject to recoupment by the Adviser.

 

Other Service Providers

 

Brown Brothers Harriman & Co. (“BBH”) is the Trust administrator, fund accountant, transfer and dividend agent and custodian. BBH is primarily in the business of providing custody, administrative, fund accounting and transfer agent services to retail and institutional mutual funds.

 

Foreside Fund Services, LLC (the “Distributor”) is the distributor for the shares of the Trust. The Distributor is a registered broker-dealer and member of the Financial Industry Regulatory Authority, Inc. (“FINRA”).

 

ACA Group provides the Trust with a Chief Compliance Officer.

 

Ropes & Gray LLP is counsel to the Trust.

 

Cohen & Company, Ltd. serves as the Trust’s independent registered public accounting firm. The independent registered public accounting firm is responsible for auditing the annual financial statements of the Funds.

 

170

 

 

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Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

4. PURCHASE AND SALE OF FUND SHARES

 

The Funds will offer, issue and redeem shares (“Shares”) at NAV only in aggregations of a specified number of Shares (each a “Creation Unit”). The Funds may issue and redeem Creation Units of its Shares only to certain authorized participants that have entered into agreements with the Distributor (“Authorized Participants”) in exchange for a designated basket of portfolio investments (including any portion of such investments for which cash may be substituted) (“Deposit Instruments”), together with the deposit of a specified cash payment (“Cash Component”). Shares of the Funds will be listed and trade on NYSE Arca, Inc. or Cboe BZX (the “Exchanges”), the national securities exchanges. Shares of the Funds will be traded in the secondary market and elsewhere at market prices that may be at, above or below the Funds’ NAV. Shares will be redeemable only in Creation Units by Authorized Participants, and, generally, in exchange for securities in-kind and/or a cash amount. Creation Units typically are large blocks of a specified number of shares or multiples thereof. In the event of liquidation of a Fund, the Trust may lower the number of shares in a Creation Unit.

 

Shares may be issued in advance of receipt of Deposit Instruments, subject to various conditions, including a requirement that the Authorized Participant maintain with the Trust a cash deposit marked to the market value of the omitted Deposit Instruments. Transaction fees and other costs associated with creations or redemptions that include cash may be higher than the transaction fees and other costs associated with in-kind creations or redemptions. In all cases, conditions with respect to creations and redemptions of Shares and fees will be limited in accordance with the requirements of Securities and Exchange Commission (“SEC”) rules and regulations applicable to management investment companies offering redeemable securities.

 

5. INVESTMENT TRANSACTIONS

 

The cost of purchases and the proceeds from sales of investment securities (excluding in-kind subscriptions and redemptions, US government securities and short-term investments) for the period ended April 30, 2023 were as follows:

 

   

Purchases

   

Sales

 
BondBloxx USD High Yield Bond Industrial Sector ETF   $ 432,685     $ 349,813  
BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF     534,954       583,478  
BondBloxx USD High Yield Bond Healthcare Sector ETF     14,922       56,876  
BondBloxx USD High Yield Bond Financial & REIT Sector ETF     516,127       534,074  
BondBloxx USD High Yield Bond Energy Sector ETF     697,065       652,430  
BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF     477,398       624,154  
BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF     140,141       206,025  
BondBloxx B Rated USD High Yield Corporate Bond ETF     1,631,587       1,686,977  
BondBloxx BB Rated USD High Yield Corporate Bond ETF     5,366,619       5,811,428  
BondBloxx CCC Rated USD High Yield Corporate Bond ETF     1,302,659       1,457,986  
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF     19,110,583       19,409,459  
BondBloxx Bloomberg One Year Target Duration US Treasury ETF     2,471,973       -  
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF     -       642,738  
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF     203,773       924,428  

 

171

 

 

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Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

The cost of purchases and the proceeds from sales of US government securities (excluding in-kind subscriptions and redemptions, investment securities and short-term investments) for the period ended April 30, 2023 were as follows:

 

   

Purchases

   

Sales

 
BondBloxx USD High Yield Bond Industrial Sector ETF   $ 29,667     $ 29,702  
BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF     109,362       9,943  
BondBloxx USD High Yield Bond Financial & REIT Sector ETF     69,187       29,702  
BondBloxx USD High Yield Bond Energy Sector ETF     173,374       49,831  
BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF     123,503       -  
BondBloxx B Rated USD High Yield Corporate Bond ETF     98,888       99,007  
BondBloxx BB Rated USD High Yield Corporate Bond ETF     619,849       99,666  
BondBloxx CCC Rated USD High Yield Corporate Bond ETF     148,333       -  
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF     1,932,083       2,411,133  
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF*     136,572,642       33,502,769  
BondBloxx Bloomberg One Year Target Duration US Treasury ETF     23,794,644       26,821,352  
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF     13,123,845       12,837,473  
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF     5,759,599       5,336,237  
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF     5,847,913       6,123,546  
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF     2,995,752       3,248,106  
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF     2,444,581       2,669,963  
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF     5,571,750       5,014,501  

 

* Includes short-term investments to reflect the fund’s investment strategy.

 

For the period ended April 30, 2023, the costs of in-kind subscriptions and the proceeds from in-kind redemptions were as follows:

 

   

Purchases

   

Sales

 
BondBloxx USD High Yield Bond Industrial Sector ETF   $ 17,936,678     $ 1,760,528  
BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF     8,235,820       1,720,450  
BondBloxx USD High Yield Bond Healthcare Sector ETF     4,923,382       6,371,988  
BondBloxx USD High Yield Bond Financial & REIT Sector ETF     6,950,798       1,739,468  
BondBloxx USD High Yield Bond Energy Sector ETF     9,111,574       5,376,021  
BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF     15,616,619       4,954,820  
BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF     5,451,823       3,495,685  
BondBloxx BB Rated USD High Yield Corporate Bond ETF     7,652,487       3,801,982  
BondBloxx CCC Rated USD High Yield Corporate Bond ETF     1,735,493       3,603,427  
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF     5,611,230       -  
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF*     440,040,033       10,503,262  
BondBloxx Bloomberg One Year Target Duration US Treasury ETF     138,466,696       29,227,718  
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF     63,484,170       8,774,351  
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF     3,412,959       1,017,973  
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF     16,338,218       934,734  
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF     5,901,557       423,242  
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF     4,381,154       2,113,128  

 

* Includes short-term investments to reflect the fund’s investment strategy.

 

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Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

6. FEDERAL INCOME TAXES

 

The Funds intend to qualify as a “regulated investment company” under Subchapter M of the Internal Revenue Code of 1986, as amended. If so qualified, the Funds will not be subject to federal income tax to the extent they distribute substantially all of their net investment income and net capital gains to their shareholders. Management of the Funds is required to determine whether a tax position taken by the Funds is more likely than not to be sustained upon examination by the applicable taxing authority. Management of the Funds has reviewed tax positions taken in the tax periods that remain subject to examination by all major tax jurisdictions, including federal, and has concluded that no provision for unrecognized tax benefits or expenses is required in these financial statements. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense on the Statements of Operations. During the period ended April 30, 2023, the Funds did not incur any interest or penalties.

 

At April 30, 2023, the cost of investments and net unrealized appreciation (depreciation) for federal income tax purposes was as follows:

 

    Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net
Unrealized
Appreciation
(Depreciation)
 
BondBloxx USD High Yield Bond Industrial Sector ETF   $ 20,176,464     $ 151,031     $ (117,749 )   $ 33,282  
BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF     10,286,921       33,865       (316,924 )     (283,059 )
BondBloxx USD High Yield Bond Healthcare Sector ETF     6,807,332       54,158       (186,430 )     (132,272 )
BondBloxx USD High Yield Bond Financial & REIT Sector ETF     8,984,045       30,876       (166,681 )     (135,805 )
BondBloxx USD High Yield Bond Energy Sector ETF     11,511,394       23,928       (154,728 )     (130,800 )
BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF     17,763,546       65,809       (189,620 )     (123,811 )
BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF     7,461,227       6,161       (115,515 )     (109,354 )
BondBloxx B Rated USD High Yield Corporate Bond ETF     11,688,921       164,729       (340,049 )     (175,320 )
BondBloxx BB Rated USD High Yield Corporate Bond ETF     47,040,351       328,900       (784,751 )     (455,851 )
BondBloxx CCC Rated USD High Yield Corporate Bond ETF     9,700,473       179,937       (561,069 )     (381,132 )
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF     181,783,546       3,099,524       (4,826,975 )     (1,727,451 )
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF     506,725,796       51,352       (264,639 )     (213,287 )
BondBloxx Bloomberg One Year Target Duration US Treasury ETF     149,330,576       61,494       (168,109 )     (106,615 )
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF     91,712,783       220,631       (85,801 )     134,830  
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF     22,665,066       193,726       (3,224 )     190,502  

 

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Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

    Cost     Gross
Unrealized
Appreciation
    Gross
Unrealized
Depreciation
    Net
Unrealized
Appreciation
(Depreciation)
 
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF   $ 36,103,520     $ 297,221     $ -     $ 297,221  
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF     26,462,186       252,875       -       252,875  
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF     20,914,275       289,342       (13 )     289,329  
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF     25,188,995       521,308       (153,173 )     368,135  

 

The differences between book-basis and tax-basis components of unrealized appreciation/(depreciation) are primarily attributable to tax deferral of losses on wash sales for tax purposes.

 

At October 31, 2022, for Federal income tax purposes, the Funds have capital loss carryforwards available as shown in the table below, to the extent provided by regulations, to offset future capital gains for an unlimited period. To the extent that these capital loss carryforwards are used to offset future capital gains, it is probable that the capital gains so offset will not be distributed to shareholders.

 

   

Short-Term

   

Long-Term

   

Total
Amount

 
BondBloxx USD High Yield Bond Industrial Sector ETF   $ 23,138     $ -     $ 23,138  
BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF     16,556       -       16,556  
BondBloxx USD High Yield Bond Healthcare Sector ETF     494,318       -       494,318  
BondBloxx USD High Yield Bond Financial & REIT Sector ETF     58,703       -       58,703  
BondBloxx USD High Yield Bond Energy Sector ETF     14,475       -       14,475  
BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF     32,565       -       32,565  
BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF     41,479       -       41,479  
BondBloxx B Rated USD High Yield Corporate Bond ETF     43,015       -       43,015  
BondBloxx BB Rated USD High Yield Corporate Bond ETF     164,196       -       164,196  
BondBloxx CCC Rated USD High Yield Corporate Bond ETF     23,476       -       23,476  
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF     279,512       -       279,512  
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF     8,760       -       8,760  
BondBloxx Bloomberg One Year Target Duration US Treasury ETF     22,695       -       22,695  
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF     30,770       -       30,770  
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF     73,209       -       73,209  
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF     35,055       -       35,055  
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF     96,098       -       96,098  
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF     71,927       -       71,927  
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF     613,680       -       613,680  

 

7. RELATED PARTIES

 

At April 30, 2023, certain officers and Trustees of the Trust are also officers or employees of the Adviser or affiliated with the Distributor.

 

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Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

8. INDEMNIFICATIONS

 

In the normal course of business, the Trust, on behalf of the Funds, enters into contracts with third-party service providers that contain a variety of representations and warranties and that provide general indemnifications. Additionally, under the Trust organizational documents, the officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. The Funds’ maximum exposure under these arrangements is unknown, as it involves possible future claims that may or may not be made against the Funds. The Adviser is of the view that the risk of loss to the Funds in connection with the Funds’ indemnification obligations is remote; however, there can be no assurance that such obligations will not result in material liabilities that adversely affect the Funds.

 

9. INVESTMENT RISKS

 

A discussion of some of the principal risks associated with an investment in a Fund is contained in each Fund’s Prospectus. An investment in a Fund should be made with an understanding that the value of the Fund’s portfolio securities may fluctuate in accordance with changes in the financial condition of the issuers of the portfolio securities, the value of bonds in general, and other factors that affect the market.

 

High Yield Bonds Risk. Bonds that are rated below investment-grade (sometimes referred to as “junk bonds,” which may include those bonds rated below “BBB-” by S&P Global Ratings and Fitch, or below “Baa3” by Moody’s), or similar bonds that are unrated, may be deemed speculative, may involve greater levels of risk than higher-rated bonds of similar maturity and may be more likely to default.

 

U.S. Treasury Obligations Risk. U.S. Treasury obligations may differ from other securities in their interest rates, maturities, times of issuance and other characteristics and may provide relatively lower returns than those of other securities. Similar to other issuers, changes to the financial condition or credit rating of the U.S. Government may cause the value of the Fund’s U.S. Treasury obligations to decline.

 

U.S. Government Obligations Risk. While U.S. Treasury obligations are backed by the “full faith and credit” of the U.S. Government, such securities are nonetheless subject to credit risk (i.e., the risk that the U.S. Government may be, or be perceived to be, unable or unwilling to honor its financial obligations, such as making payments). Securities issued or guaranteed by federal agencies or authorities and U.S. Government-sponsored instrumentalities or enterprises may or may not be backed by the full faith and credit of the U.S. Government.

 

Emerging Markets Risks. Investments in emerging market issuers are subject to a greater risk of loss than investments in issuers located or operating in more developed markets. This is due to, among other things, the potential for greater market volatility, lower trading volume, higher levels of inflation, political and economic instability, greater risk of a market shutdown and more governmental limitations on foreign investments in emerging market countries than are typically found in more developed markets. Companies in many emerging markets are not subject to the same degree of regulatory requirements, accounting standards or auditor oversight as companies in more developed countries, and as a result, information about the securities in which the Fund invests may be less reliable or complete. Moreover, emerging markets often have less reliable securities valuations and greater risks associated with custody of securities than developed markets. There may be significant obstacles to obtaining information necessary for investigations into or litigation against companies and shareholders may have limited legal remedies. The Fund is not actively managed and does not select investments based on investor protection considerations. In addition, emerging markets often have greater risk of capital controls through such measures as taxes or interest rate control than developed markets. Certain emerging market countries may also lack the infrastructure necessary to attract large amounts of foreign trade and investment. Local securities markets in emerging market countries may trade a small number of securities and may be unable to respond effectively to changes in trading volume, potentially making prompt liquidation of holdings difficult or impossible at times. Settlement procedures in emerging market countries are frequently less developed and reliable than those in the U.S. (and other developed countries). In addition, significant delays may occur in certain markets in registering the transfer of securities. There could be additional impacts on the value of the Fund as a result

 

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Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

of sustainability risks, in particular those caused by environmental changes related to climate change, social issues (including relating to labor rights) and governance risk (including but not limited to risks around board independence, ownership and control, or audit and tax management). Additionally, disclosures or third-party data coverage associated with sustainability risks is generally less available or transparent in these markets.

 

Interest Rate Risk. During periods of very low or negative interest rates, the Fund may be unable to maintain positive returns or pay dividends to Fund shareholders. Very low or negative interest rates may magnify interest rate risk. Changing interest rates, including rates that fall below zero, may have unpredictable effects on markets, result in heightened market volatility and detract from the Fund’s performance to the extent the Fund is exposed to such interest rates. Additionally, under certain market conditions in which interest rates are low and the market prices for portfolio securities have increased, the Fund may have a very low, or even negative yield. A low or negative yield would cause the Fund to lose money in certain conditions and over certain time periods. An increase in interest rates will generally cause the value of securities held by the Fund to decline, may lead to heightened volatility in the fixed-income markets and may adversely affect the liquidity of certain fixed-income investments, including those held by the Fund. The recent historically low interest rate environment heightens the risks associated with rising interest rates that may result from central bank or government intervention or other inflationary pressures.

 

Concentration Risk. The Funds may be susceptible to an increased risk of loss, including losses due to adverse events that affect the Funds’ investments more than the market as a whole, to the extent that the Funds’ investments are concentrated in the securities of a particular issuer or issuers, sector, sub-sector, market segment, market, industry, group of industries, country, group of countries, region or asset class. The Funds may be more adversely affected by the underperformance of those securities, may experience increased price volatility and may be more susceptible to adverse economic, market, political or regulatory occurrences affecting those securities and/or other assets than a fund that does not concentrate its investments.

 

Infectious Illness Risk. An outbreak of an infectious respiratory illness, COVID-19, caused by a novel coronavirus that was first detected in December 2019 has spread globally. The impact of this outbreak has adversely affected the economies of many nations and the global economy, and may impact individual issuers and capital markets in ways that cannot be foreseen. The duration of the outbreak and its effects cannot be predicted with certainty. Any market or economic disruption can be expected to result in elevated tracking error and increased premiums or discounts to each Fund’s NAV.

 

Inflation Risk. Inflation is a sustained rise in overall price levels. Moderate inflation is associated with economic growth, while high inflation can signal an overheated economy. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money (i.e., as inflation increases, the values of the Fund’s assets can decline). Inflation poses a “stealth” threat to investors because it reduces savings and investment returns. Central banks, such as the U.S. Federal Reserve, generally attempt to control inflation by regulating the pace of economic activity. They typically attempt to affect economic activity by raising and lowering short-term interest rates. At times, governments may attempt to manage inflation through fiscal policy, such as by raising taxes or reducing spending, thereby reducing economic activity; conversely, governments can attempt to combat deflation with tax cuts and increased spending designed to stimulate economic activity. Inflation rates may change frequently and significantly as a result of various factors, including unexpected shifts in the domestic or global economy and changes in economic policies, and the Fund’s investments may not keep pace with inflation, which may result in losses to Fund shareholders. This risk is greater for fixed-income instruments with longer maturities.

 

Market Risk. The Fund could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, the advent of significant inflation, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s NAV.

 

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BONDBLOXX ETF TRUST

 

Notes to the Financial Statements (Continued)

April 30, 2023 (Unaudited)

 

Non-Diversification Risk. The Funds are classified as “non-diversified” funds under the 1940 Act. Accordingly, a Fund may invest a greater portion of its assets in the securities of a single issuer than if it were a “diversified” fund. To the extent that a Fund invests a higher percentage of its assets in the securities of a single issuer, the Fund is subject to a higher degree of risk associated with and developments affecting that issuer than a fund that invests more widely.

 

LIBOR Transition Risk. The risk related to the anticipated discontinuation of the London Interbank Offered Rate (“LIBOR”) by the end of 2021. On November 30, 2020, the administrator of LIBOR announced a delay in the phase out of a majority of the U.S. dollar LIBOR publications until June 30, 2023, and the remainder of LIBOR publications are expected to end at the end of 2021. Certain instruments held by the Funds may rely in some fashion upon LIBOR. Although the transition process away from LIBOR has become increasingly well-defined in advance of the anticipated discontinuation date, there remains uncertainty regarding the nature of any replacement rate, and any potential effects of the transition away from LIBOR on the Funds or on certain instruments in which the Funds invest can be difficult to ascertain. The transition process may involve, among other things, increased volatility or illiquidity in markets for instruments that currently rely on LIBOR, and may result in a reduction in value of certain instruments held by the Funds.

 

Russian Invasion of Ukraine. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions in the region are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (e.g., cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, sanctions, tariffs or cyberattacks on Russian entities or individuals could have a severe adverse effect on the region, including significant negative impacts on the economy and the markets for certain securities and commodities, such as oil and natural gas, as well as other sectors. How long such military action and related events will last cannot be predicted. These and any related events could have significant impact on Fund performance and the value of an investment in the Fund.

 

10. NEW ACCOUNTING PRONOUNCEMENTS

 

In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions.” The ASU clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring the fair value. The amendments also require additional disclosures related to equity securities subject to contractual sale restrictions. The ASU is effective for fiscal years beginning after December 15, 2023 and interim periods within those fiscal years. Management is evaluating the implications of this guidance to future financial statements.

 

11. SUBSEQUENT EVENTS

 

Management has evaluated the need for disclosure and/or adjustments resulting from subsequent events through the date the financial statements were issued. Based on this evaluation, no adjustments were required to the financial statements.

 

177

 

 

BONDBLOXX ETF TRUST

 

Supplemental Information (Unaudited)

 

Quarterly Portfolio Schedule. BondBloxx ETF Trust files their complete schedules of portfolio holdings with the SEC for the first and third quarters of each fiscal year to date on Form N-PORT. The Forms N-PORT will be available on the SEC’s website at www.sec.gov. In addition, the Funds’ full portfolio holdings are updated daily and available on the Funds’ website at https://bondbloxxetf.com/.

 

Proxy Voting Policy. Information with respect to how proxies relating to the Funds’ portfolio securities were voted during the 12-month period ended June 30 will be available: (i) without charge, upon request, by calling (800) 896-5089 or through the Funds’ website at https://bondbloxxetf.com/; and (ii) on the SEC’s website at www.sec.gov.

 

Proxy Voting Record. BIM, as an adviser to a 1940 Act Funds, is required to comply with Rule 30b1-4 under the 1940 Act (the “Proxy Rule”), that requires investment companies to file annual report Form N-PX. The adviser must provide the Fund Administrator with the voting records in order to comply with this filing. On an annual basis, following the end of the 12-month period ending June 30, the Adviser will furnish to the Trust’s administrator a full record detailing all how the Adviser voted all Trust proxies for the prior 12-month period.

 

Premium/Discount Information. Information about the difference between daily market values on the secondary market for shares of the Funds in BondBloxx ETF Trust and such Funds’ net asset value can be found on our website, https://bondbloxxetf.com/.

 

Code of Ethics. The Trust and the Adviser have each adopted codes of ethics pursuant to Rule 17j-1 of the 1940 Act. Each code of ethics may be examined at the office of the SEC in Washington, D.C. or on the Internet at the SEC’s website at www.sec.gov.

 

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BONDBLOXX ETF TRUST

 

Board Approval of Investment Advisory Agreement (Unaudited)

 

Under Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), the Board of Trustees (the “Board”) of BondBloxx ETF Trust (the “Trust,” and each series of the Trust, a “Fund”), including a majority of the Trustees who are not “interested persons” (as that term is defined in the 1940 Act) (the “Independent Trustees”) of the Trust, is required to consider and approve each Investment Advisory Agreement between the Trust and BondBloxx Investment Management Corporation (“BondBloxx”) (each, an “Advisory Agreement”). As part of the Board’s review of the Advisory Agreements, the Board and its committees (composed solely of Independent Trustees) assess BondBloxx’s services to the respective Funds, including investment management; oversight of the Funds’ service providers; risk management and oversight; legal and compliance services; and ability to comply with applicable legal and regulatory requirements.

 

At a meeting held on March 16, 2022, the Board, including a majority of the Independent Trustees, approved the Advisory Agreement with respect to the BondBloxx BB Rated USD High Yield Corporate Bond ETF, BondBloxx B Rated USD High Yield Corporate Bond ETF, and BondBloxx CCC Rated USD High Yield Corporate Bond ETF (together, the “High Yield Ratings Funds”) for an initial two-year period (the “High Yield Ratings Advisory Agreement”). In determining whether to approve the High Yield Ratings Advisory Agreement, BondBloxx furnished information necessary for the Board to make the determination that the High Yield Ratings Advisory Agreement was in the best interests of the High Yield Ratings Funds and their respective shareholders. Prior to approving the High Yield Ratings Advisory Agreement, the Independent Trustees reviewed the proposed terms of the High Yield Ratings Advisory Agreement, including BondBloxx’s proposed services, with management and their independent legal counsel and received materials from such counsel discussing the legal standards for their consideration of the High Yield Ratings Advisory Agreement.

 

At a meeting held on May 17, 2022 (the “May Meeting”), the Board, including a majority of the Independent Trustees, voted to approve the Advisory Agreement with respect to the BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (the “Emerging Markets Fund”) for an initial two-year period (the “Emerging Markets Advisory Agreement”). In determining whether to approve the Emerging Markets Advisory Agreement, BondBloxx furnished information necessary for the Board to make the determination that the Emerging Markets Advisory Agreement was in the best interests of the Emerging Markets Fund and its shareholders. Prior to approving the Emerging Markets Advisory Agreement, the Independent Trustees reviewed the proposed terms of the Emerging Markets Advisory Agreement, including BondBloxx’s proposed services, with management and their independent legal counsel and received materials from such counsel discussing the legal standards for their consideration of the Emerging Markets Advisory Agreement. In addition, at the May Meeting, the Board, including a majority of the Independent Trustees, approved the amended High Yield Ratings Advisory Agreement, which included a new fee structure for the High Yield Ratings Funds, after determining that the fee proposal was fair and reasonable. In determining whether to approve the amended High Yield Ratings Advisory Agreement, the Board considered the information provided by management supporting the new fee structure. Prior to approving the amended High Yield Ratings Advisory Agreement, the Independent Trustees reviewed the proposed amended fee structure with management and their independent legal counsel and discussed with counsel the relevant legal standards for evaluating such fee proposal.

 

At a meeting held on August 16, 2022, the Board, including a majority of the Independent Trustees, approved the Advisory Agreement with respect to the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF, BondBloxx Bloomberg One Year Target Duration US Treasury ETF, BondBloxx Bloomberg Two Year Target Duration US Treasury ETF, BondBloxx Bloomberg Three Year Target Duration US Treasury ETF, BondBloxx Bloomberg Five Year Target Duration US Treasury ETF, BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF, BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF, and BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (together, the “Treasury Funds”) for an initial two-year period (the “Treasury Advisory Agreement”). In determining whether to approve the Treasury Advisory Agreement, BondBloxx furnished information necessary for the Board to make the determination that the Treasury Advisory Agreement was in the best interests of the Treasury Funds and their respective shareholders. Prior to approving the Treasury Advisory Agreement, the Independent Trustees reviewed the proposed terms of the Treasury Advisory Agreement, including BondBloxx’s proposed services, with management and their independent legal counsel and received materials from such counsel discussing the legal standards for their consideration of the Treasury Advisory Agreement.

 

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BONDBLOXX ETF TRUST

 

Board Approval of Investment Advisory Agreement (Unaudited) (Continued)

 

At a meeting held on November 15, 2022, the Board, including a majority of the Independent Trustees, voted to approve the continuance of the Advisory Agreement with respect to BondBloxx USD High Yield Bond Industrial Sector ETF, BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF, BondBloxx USD High Yield Bond Healthcare Sector ETF, BondBloxx USD High Yield Bond Financial & REIT Sector ETF, BondBloxx USD High Yield Bond Energy Sector ETF, BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF, and the BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF (together, the “Sector Funds”) for a one-year period (the “Sector Advisory Agreement”). In determining whether to approve the continuance of the Sector Advisory Agreement, BondBloxx furnished information necessary for the Board to make the determination that the continuance of the Sector Advisory Agreement was in the best interests of the Sector Funds and their respective shareholders. Prior to approving the continuance of the Sector Advisory Agreement, the Independent Trustees reviewed the terms of the Sector Advisory Agreement, including BondBloxx’s services, with management and their independent legal counsel and received materials from such counsel discussing the legal standards for their consideration of the proposed continuance of the Sector Advisory Agreement.

 

In approving the High Yield Ratings Advisory Agreement, the Emerging Markets Advisory Agreement and the Treasury Advisory Agreement, the Board, including the Independent Trustees, considered various factors, including: (1) the nature, extent and quality of the services to be provided to the Funds by BondBloxx; (2) BondBloxx’s proposed compensation under the Advisory Agreement; (3) the estimated expenses of the Funds; (4) the estimated costs of services to be provided to the Funds and the anticipated profits to be realized by BondBloxx from its management of the Funds; (5) the potential for economies of scale and the sharing of any economies of scale with the Funds’ shareholders; (6) the fees paid by and services provided to comparable high yield bond exchange-traded funds (“ETFs”); and (7) other potential benefits to BondBloxx from its relationships with the Funds. The material factors and conclusions that formed the basis for the Board, including the Independent Trustees, to approve each Advisory Agreement are discussed below.

 

Nature, Extent and Quality of Services to be Provided. In considering the nature, extent and quality of the services to be provided by BondBloxx under the Advisory Agreement, the Board reviewed information provided by BondBloxx relating to its operations and personnel. The Board considered the level and depth of knowledge and professional experience and qualifications of BondBloxx’s personnel. The Board also took into account the systems and resources that BondBloxx intended to devote to investment management, legal and compliance. Based on the foregoing, the Board concluded that it was satisfied with the nature, extent and quality of the services to be provided to the Funds by BondBloxx under the Advisory Agreement.

 

Performance. The Board took into account that BondBloxx does not currently manage any accounts or funds with similar investment objectives and policies and does not operate any affiliated advisory entities. The Board took into consideration the professional experience and investment capabilities of the individual who is expected to serve as portfolio manager to the Funds. In addition, the Board considered BondBloxx’s investment philosophy and portfolio construction process and the systems and tools BondBloxx expected to use in managing the Funds in accordance with their respective investment objectives and investment strategies. The Board also took into consideration the information management provided regarding the challenges in assembling appropriate peer groups for a number of the Funds due to, among other things, the limited number of possible peer funds with substantially similar principal investment strategies, investment approaches and/or fee structures. Based on the foregoing, the Board concluded that BondBloxx is qualified to manage each Fund’s assets in accordance with the Fund’s investment objectives and investment strategies.

 

Proposed Compensation and Estimated Expenses. The Board considered the proposed compensation that each Fund is required to pay to BondBloxx under the Advisory Agreement and the estimated expense ratios of the Funds. The Board took into account that under the Advisory Agreement, BondBloxx is responsible for paying substantially all of the Funds’ operating expenses with some exceptions and that this expense structure effectively limits each Fund’s expenses to the level of its respective advisory fee. In addition, the Board took into account the expense ratios of comparable peer ETFs relative to the estimated expense ratios of the Funds. Based on the foregoing, the Board concluded that each Fund’s advisory fee is reasonable in view of the services to be received by the Fund from BondBloxx and the other factors considered.

 

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Board Approval of Investment Advisory Agreement (Unaudited) (Continued)

 

Costs of Services, Anticipated Profitability and Fall-out Benefits. The Board considered the estimated cost of services to be provided and the profits to be realized by BondBloxx in connection with its provision of services to the Funds pursuant to the Advisory Agreement. In particular, the Board took into account BondBloxx’s expectations that during the Funds’ initial period of operations, the Funds are likely to operate below their breakeven levels and their profitability to BondBloxx would likely be below levels anticipated by BondBloxx in later years. The Board noted potential benefits to BondBloxx that could accrue as a result of managing the Funds, including potential reputational benefits. Based upon the foregoing, the Board concluded that BondBloxx’s anticipated profitability from its relationship with the Funds was reasonable.

 

Potential Economies of Scale. The Board considered the initial levels of investor seed capital and BondBloxx’s expectations concerning each Fund’s asset growth in the first year of operations and beyond. The Board noted the competitive environment in which the Funds will operate. The Board considered the effect of potential future asset growth on each Fund’s performance and expenses. The Board noted that as a Fund’s assets increase over time, the Fund might realize other economies of scale to the extent its assets increase proportionally more than certain Fund operating expenses. Based on the foregoing, the Board concluded that the amount and structure of the proposed compensation to be paid by each Fund to BondBloxx is appropriate.

 

Conclusion. The Board, including the Independent Trustees, did not identify any single factor as controlling, and each Trustee may have attributed different weight to various factors. Based on a review of the factors described above, as well as such other factors as deemed appropriate by the Board, the Board, including a majority of the Independent Trustees, determined that each Advisory Agreement, including the compensation payable to BondBloxx under such agreement, is in the best interests of each Fund and its respective shareholders. Accordingly, the Board, including a majority of the Independent Trustees, voted to approve the High Yield Ratings Advisory Agreement, the Emerging Markets Advisory Agreement and the Treasury Advisory Agreement for an initial two-year period.

 

In approving the continuance of the Sector Advisory Agreement, the Board, including the Independent Trustees, considered various factors, including: (1) the nature, extent and quality of the services provided to the Sector Funds by BondBloxx; (2) the investment performance of the Sector Funds; (3) BondBloxx’s compensation under the Sector Advisory Agreement; (4) the expenses of the Sector Funds; (5) the costs of services provided to the Sector Funds and the profitability of the relationship to BondBloxx; (6) economies of scale and the sharing of any economies of scale with the Sector Funds’ shareholders; (7) the fees paid by and services provided to comparable high yield bond ETFs; and (8) other benefits to BondBloxx from its relationships with the Sector Funds. The material factors and conclusions that formed the basis for the Board, including the Independent Trustees, to approve the continuance of the Sector Advisory Agreement are discussed below.

 

Nature, Extent and Quality of Services to be Provided. In considering the nature, extent and quality of the services provided by BondBloxx under the Sector Advisory Agreement, the Board reviewed information provided by BondBloxx relating to its operations and personnel. The Board considered the level and depth of knowledge and professional experience and qualifications of BondBloxx’s personnel. The Board also took into account the systems and resources that BondBloxx devotes to investment management, legal and compliance. Based on the foregoing, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to the Sector Funds by BondBloxx under the Sector Advisory Agreement.

 

Performance. The Board took into account that BondBloxx does not currently manage any accounts or funds with similar investment objectives and policies and does not operate any affiliated advisory entities. The Board took into consideration the professional experience and investment capabilities of the individual who serves as portfolio manager to the Sector Funds. In addition, the Board considered BondBloxx’s investment philosophy and portfolio construction process and the systems and tools BondBloxx uses in managing the Sector Funds in accordance with its investment objectives and investment strategies. In considering each Sector Fund’s performance, the Board reviewed comparisons of the performance of the Fund to the performance of a peer group of comparable funds selected by Broadridge. The Board noted that the performance of each of BondBloxx USD High Yield Bond Industrial Sector ETF, BondBloxx USD High Yield Bond Energy Sector ETF and BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF for the period (since inception) ended September 22,

 

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Board Approval of Investment Advisory Agreement (Unaudited) (Continued)

 

2022, was above the median, and that the performance of the other four Sector Funds was below the peer group median for the period (since inception) ended September 22, 2022. The Board considered the Funds’ limited operating history and noted that it was important to provide the Funds’ portfolio management team sufficient time to establish a longer performance history. Based on the foregoing, the Board concluded that BondBloxx is qualified to manage the Sector Funds’ assets in accordance with each Fund’s investment objectives and investment strategies.

 

Compensation and Expenses. The Board considered the compensation that the Sector Funds are required to pay to BondBloxx under the Sector Advisory Agreement and the expense ratios of the Funds. The Board took into account that under the Sector Advisory Agreement, BondBloxx is responsible for paying substantially all of the Sector Funds’ operating expenses with some exceptions and that this expense structure effectively limits each Fund’s expenses to the level of its respective advisory fee. In addition, the Board took into account the expense ratios of comparable peer ETFs relative to the estimated expense ratios of the Sector Funds. Based on the foregoing, the Board concluded that the Sector Funds’ advisory fee is reasonable in view of the services received by the Funds from BondBloxx and the other factors considered.

 

Costs of Services, Profitability and Fall-out Benefits. The Board considered the cost of services provided and the profits realized by BondBloxx in connection with its provision of services to the Sector Funds pursuant to the Sector Advisory Agreement. The Board noted direct and indirect benefits that BondBloxx may receive from its relationship with the Sector Funds, including the “fallout benefits,” such as reputational value derived from serving as investment adviser to the Funds. Based upon the foregoing, the Board concluded that BondBloxx’s ancillary benefits from its relationship with the Sector Funds was reasonable.

 

Economies of Scale. The Board noted the competitive environment in which the Sector Funds operate. The Board considered the effect of future asset growth on each Fund’s performance and expenses. The Board noted that as each Fund’s assets increase over time, the Fund might realize other economies of scale to the extent its assets increase proportionally more than certain Fund operating expenses. Based on the foregoing, the Board concluded that the amount and structure of the compensation paid by the Funds to BondBloxx is appropriate.

 

Conclusion. The Board, including the Independent Trustees, did not identify any single factor as controlling, and each Trustee may have attributed different weight to various factors. Based on a review of the factors described above, as well as such other factors as deemed appropriate by the Board, the Board, including a majority of the Independent Trustees, determined that the Sector Advisory Agreement, including the compensation payable to BondBloxx under the agreement, is in the best interests of the Sector Funds and their respective shareholders. Accordingly, the Board, including a majority of the Independent Trustees, voted to approve the continuance of the Sector Advisory Agreement for another one-year period.

 

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Board of Trustees and Executive Officers (Unaudited)

 

The Board has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by BIM and other service providers. Each Trustee serves until he or she resigns, is removed, dies, retires or becomes incapacitated. Each officer shall hold office until his or her successor is elected and qualifies or until his or her death, resignation or removal. Trustees who are not “interested persons” (as defined in the 1940 Act) of the Trust are referred to as “Independent Trustees.”.

 

The address of each Trustee and officer is c/o BondBloxx ETF Trust, 700 Larkspur Landing Circle, Suite 250, Larkspur, CA 94939. The Board has designated Joanna Gallegos as its Board Chair. David Lonergan serves as the Lead Independent Trustee. Additional information about the Funds’ Trustees and officers may be found in the Statement of Additional Information, which is available without charge, upon request, by calling toll-free (800) 896-5089.

 

Trustees

 

Name (Age) Position(s)
Held with
the Fund
Term of
Office and
Length of
Time Served
Principal Occupation(s)
During the Past 5 Years
Number of
Portfolios in
the Fund
Complex
Overseen by
the Trustee
Other
Directorships
Held by the
Trustee
Allan Eberhart,
(61)
Trustee, Nominating and Governance Committee Chair 2021-present Professor of Finance, Founding Director (now Senior Associate Dean) of Master of Science in Finance program, McDonough School of Business, Georgetown University, since 1989 19 None
David Lonergan
(52)
Lead Independent Trustee 2021-present Retired; Chief Investment Officer Vista Capital Advisors (2017); Managing Director Global Co-Head Securities Lending and Finance BlackRock (1994-2014) 19 Advisory Board Member, Make-A-Wish Greater Bay Area (since 2017)
Stephen Messinger
(60)
Trustee, Audit Committee Chair 2021-present President, Di Costa Partners, 2019-present (registered fund governance advisory); Managing Director, BlackRock, Inc. (2016-2019); Executive Vice President, iShares ETFs (2016-2019) 19 Director, Ricochet Foundation (since 2018)
H. Michael Williams
(62)
Trustee 2021-present Retired; Educator, Director of Intercollegiate Athletics, University of California (2014-2018) 19 Member, Board of Visitors, University of California – Berkeley (since 2022); Director, The Spencer Foundation (since 2019)

 

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Board of Trustees and Executive Officers (Unaudited) (Continued)

 

Name (Age) Position(s)
Held with
the Fund
Term of
Office and
Length of
Time Served
Principal Occupation(s)
During the Past 5 Years
Number of
Portfolios in
the Fund
Complex
Overseen by
the Trustee
Other
Directorships
Held by the
Trustee
Joanna Gallegos
(47)
Interested Trustee and Board Chair 2021-present Chief Operating Officer, BondBloxx Investment Management Corporation, since 2021; Head of Global ETF Strategy (2019-2021), Head of US ETFs (2017-2019) and Head of ETF Product Development (2013-2017), J.P. Morgan Asset Management; Managing Director/Director, BlackRock, Inc. (1999-2013) 19 None

 

Officers

 

Name (Age) Position Principal Occupation(s) During the Past 5 Years
Joanna Gallegos
(47)
Chief Executive Officer, President and Secretary Chief Operating Officer, BondBloxx Investment Management Corporation since 2021; Head of Global ETF Strategy (2019-2021), Head of US ETFs (2017-2019) and Head of ETF Product Development (2013-2017), J.P. Morgan Asset Management; Managing Director/Director, BlackRock, Inc. (1999-2013)
Tony Kelly
(51)
Chief Financial Officer, Chief Accounting Officer, Vice President and Treasurer Head of ETF Product and Capital Markets, BondBloxx Investment Management Corporation, since 2021; Managing Director and Head of ETF Product, Goldman Sachs Asset Management (2015-2021); Managing Director/Director, BlackRock, Inc. (2000-2015)
Kevin Hourihan
(44)
Interim Chief Compliance Officer, AML Compliance Officer Senior Principal Consultant - Fund Chief Compliance Officer, ACA Global, LLC, since 2022; Chief Compliance Officer, ETF Managers Trust, since 2022; Chief Compliance Officer, Bitwise Funds Trust, since 2022; Chief Compliance Officer, Ashmore Funds (2017-2022); Director, Ashmore Investment Advisors (US) Corp. (2017-2022); Director, Ashmore Investment Management (US) Corp. (2017-2022); Chief Compliance Officer, Ashmore Investment Management (US) Corp. (2014-2022); Chief Compliance Officer, Ashmore Equities Investment Management (US) LLC (2015-2017)

 

The Board has concluded that, based on each Trustee’s experience, qualifications, attributes or skills on an individual basis and in combination with those of the other Trustees, each Trustee should serve as a Trustee of the Board. Among the attributes common to all Trustees are their ability to review critically, evaluate, question and discuss information provided to them, to interact effectively with the Funds’ investment adviser, other service providers, counsel and the independent registered public accounting firm, and to exercise effective business judgment in the performance of their duties as Trustees. A Trustee’s ability to perform his or her duties effectively may have been attained through the Trustee’s educational background or professional training; business, consulting, public service or academic positions; experience from service as a Board member of the Funds and the other funds in the Trust (and any predecessor funds), other investment funds, public companies, or non-profit entities or other organizations; and/or other life experiences. Also, set forth below is a brief discussion of the specific experience, qualifications, attributes or skills of each Trustee that led the Board to conclude that he or she should serve (or continue to serve) as a Trustee.

 

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Board of Trustees and Executive Officers (Unaudited) (Continued)

 

Allan C. Eberhart. Allan C. Eberhart has been a Trustee of the Trust and Chair of the Nominating and Governance Committee since 2021. Mr. Eberhart has over 30 years of experience in financial education and consulting. He is a Professor of Finance and Founding Director, now Senior Associate Dean, of the Master of Science in Finance program at Georgetown University’s McDonough School of Business. He began teaching Finance at Georgetown University in 1989. He has published research on financial markets in leading journals such as the Journal of Finance, Review of Financial Studies, and the Journal of Accounting Research. He was previously a visiting professor at New York University’s Stern School of Business, and has consulted for firms such as Ashmore Group, Barclays, Goldman, Sachs, Standard and Poor’s, and T. Rowe Price. Mr. Eberhart has a Bachelor of Arts degree from Thomas More College, a Master of Arts degree from the University of Cincinnati, a PhD in Finance from the University of South Carolina, and an EdD in Higher Education Management from the University of Pennsylvania.

 

David A. Lonergan. David A. Lonergan has been a Trustee and Lead Independent Trustee of the Trust since 2021. Mr. Lonergan most recently served as Chief Investment Officer for Vista Capital Advisors in 2017, where he devised strategies and oversight for a corporate bond and credit derivatives portfolio. Mr. Lonergan retired as a Managing Director with BlackRock Inc. in 2014 after serving the firm and Barclays Global Investors (acquired by BlackRock in 2009) since 1994. When he retired he was serving as Global Co-Head of Securities Lending and Finance. Prior to that, he held several positions with the firm, including as Global Head of Securities Lending Strategy, Head of U.S. Cash Management, U.S. Liquidity Manager, and Cash Trader. In his role as Head of U.S. Cash Management, he oversaw the management of over $175B in short duration fixed income investments, including asset backed securities, over the counter and exchange traded derivatives, corporate bonds and various liquidity products. Mr. Lonergan currently serves as an Advisory Board Member with Make-A-Wish Greater Bay Area, after having served two terms as a Board Member, including terms as Board Chair, and Treasurer/Finance Committee Chair. Mr. Lonergan has a B.A. degree in Business Administration from California State University Sacramento, and an M.B.A. degree from the University of California at Davis.

 

Stephen A. Messinger. Stephen A. Messinger has been a Trustee of the Trust and Chair of the Audit Committee since 2021. Mr. Messinger has worked in the asset management industry for over 20 years and with ETF products specifically for more than 14 years. He has recently launched a start up business, Di Costa Partners, focused on advising managers and boards on the governance of registered funds. Di Costa was acquired in 2022 by Morrow Sodali Fund Services, where Mr. Messinger currently serves as President. Prior to Di Costa, Mr. Messinger worked at the world’s largest global ETF sponsor — iShares, which is owned by BlackRock. He has held different roles in the ETF business culminating as the Executive Vice President of the registered iShares ETF complex, serving as the senior liaison with the US iShares ETFs board of trustees. In that role, he worked closely with the different teams that support the board and coordinated BlackRock’s varied interactions with the board. Prior to his most recent stint at BlackRock, Steve was a Managing Director at Beacon Consulting, where he focused on helping asset managers grow and develop ETF businesses. Mr. Messinger has a B.A. degree from Brown University, an M.I.A. from Columbia University, and an M.B.A. from The Wharton School at the University of Pennsylvania.

 

H. Michael Williams. H. Michael Williams has been a Trustee of the Trust since 2021. Mr. Williams is a Director of the Spencer Foundation, which makes grants to support research for areas of education. Mr. Williams is also a Member of University of California, Berkeley’s Board of Visitors. Mr. Williams previously was a Trustee, President and CEO of the Barclays Global Investors family of mutual funds. He was a Trustee of the U.C. Berkeley Foundation from 2007-2018 and was its Vice Chairman (2014-2015). He serves on numerous non-profit boards and is Co-Chair of the Executive Board of the College of Letters and Science at U.C. Berkeley. Mr. Williams was most recently the Director of Intercollegiate Athletics at the University of California, Berkeley. Previously, Mr. Williams was Vice Chairman of Capital Markets at Barclays Global Investors and a Vice President of Bank of America. Mr. Williams has an A.B. degree in Economics from the University of California, Berkeley and an M.B.A. degree in Finance from the UCLA Anderson School of Management.

 

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Board of Trustees and Executive Officers (Unaudited) (Continued)

 

Joanna Gallegos (Interested Trustee). Joanna Gallegos has served as the Chair of the Board of Trustees of the Trust since 2021. In addition, she has served as the President of the Trust since 2021. Ms. Gallegos is the Chief Operating Officer of BondBloxx Investment Management Corporation. In her role, she is responsible for overseeing the day-to-day operations of BIM and the Trust, including overseeing the Trust’s service providers. Ms. Gallegos is a global leader in ETF design, distribution and growth and has an extensive track record in launching new businesses, entering highly competitive markets, and building high performing teams across all phases of the ETF business, including distribution strategy, capital markets effectiveness, the strategic product lifecycle, and building financial enterprise systems. Ms. Gallegos has served in a variety of roles as an inaugural member of the management team of the ETF business at J.P. Morgan Asset Management from 2013-2021, including Head of its U.S. ETF business and Head of Global ETF Strategy, where she led the firm’s efforts to design, develop, launch and manage a complete range of ETF products and helped JPM become a Top 10 Provider of ETFs, with over $65 billion in AUM. Prior to J.P. Morgan, she served in a variety of roles at BlackRock’s iShares division, including Senior Product Manager and Managing Director of the firm’s strategic initiatives group, from 1999 to 2013, where she was instrumental in planning, building and launching many of the industry’s largest and most liquid equity, fixed income and alternative ETFs. Ms. Gallegos holds a Bachelor of Science from Sonoma State University in Business Administration & Finance. She is named as inventor on a patent for Multi-Basket Structure for Exchange Traded Fund (ETF), developed during her time at BlackRock, and a System and Method for Dynamic Implementation of Exchange Traded Fund, developed during her time at J.P. Morgan. She holds the FINRA Series 7, 63 and 24 licenses and is a member of Women in ETFs.

 

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General Information (Unaudited)

 

Investment Adviser

BondBloxx Investment Management Corporation

700 Larkspur Landing Circle, Suite 250

Larkspur, CA 94939

 

Administrator, Fund Accountant, Transfer and Dividend Agent and Custodian

Brown Brothers Harriman & Co.

50 Post Office Square

Boston, MA 02110

 

Distributor

Foreside Fund Services, LLC

Three Canal Plaza, Suite 100

Portland, ME 04101

 

Chief Compliance Officer

ACA Group

480 East Swedesford Road, Suite 220

Wayne, PA 19087

 

Independent Registered Public Accounting Firm

Cohen & Company, Ltd.

1350 Euclid Avenue, Suite 800

Cleveland, OH 44115

 

Legal Counsel

Ropes & Gray LLP

3 Embarcadero Center

San Francisco, CA 94111

 

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This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.

 

 

BondBloxx Investment Management Corporation | bondbloxxetf.com | 800.896.5089