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