Bondbloxx Bloomberg One Year Target Duration US Treasury ETF XONE Strategy

The investment seeks to track the investment results of the Bloomberg U.S. Treasury One Year Target Duration Index composed of U.S. Treasury securities with a duration between 6 and 18 months. Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a portfolio of U.S. Treasury securities that collectively have an average duration of approximately 1 year, either directly or indirectly (e.g., through derivatives). The index is comprised of certain U.S. Treasury notes and bonds that are included in the Bloomberg U.S. Treasury Index. It is non-diversified.