Bondbloxx IR+M Tax-Aware Short Duration ETF TAXX Strategy

The investment seeks attractive after-tax income, consistent with preservation of capital. The fund is newly organized and invests in a diversified portfolio of U.S. dollar-denominated municipal and taxable short duration fixed income securities that in the Sub-Adviser’s view offers relatively attractive after-tax income. The fund invests, under normal circumstances, at least 50% of its total assets in municipal securities that pay interest that is exempt from U.S. federal income tax.