Bondbloxx IR+M Tax-Aware Short Duration ETF Price & Performance (TAXX)

BondBloxx and Income Research + Management (IR+M) have introduced two new tax-aware fixed income ETFs: the BondBloxx IR+M Tax-Aware Intermediate Duration ETF (TXXI) and the BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (TAXM). These funds aim to enhance after-tax returns and offer tailored solutions for diverse investor needs.12

The launch of TXXI and TAXM by BondBloxx and IR+M extends their tax-efficient investing strategy. While TXXI focuses on intermediate-term bonds, TAXM targets Massachusetts residents with state-specific benefits. These ETFs provide alternatives to traditional municipal bonds, catering to investors seeking to optimize their portfolios.12

The BondBloxx IR+M Tax-Aware Short Duration ETF (TAXX) has outperformed benchmarks in its first year, with a tax-equivalent yield of 5.46%. Its success has paved the way for new offerings like TXXI and TAXM, showcasing the growing demand for innovative tax-aware investment strategies.12