UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-23731
BONDBLOXX ETF TRUST
(Exact name of registrant as specified in charter)
700 Larkspur Landing Circle, Suite 250, Larkspur, CA 94939
(Address of principal executive offices)(Zip code)
BondBloxx Investment Management Corporation
700 Larkspur Landing Circle, Suite 250
Larkspur, CA 94939
(Name and address of agent for service)
Registrant’s telephone number, including area code: (800) 896-5089
Date of fiscal year end:
October 31
Date of reporting period:
October 31, 2022
ITEM 1. REPORTS TO STOCKHOLDERS.
| (a) | The following is a copy of the report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). |
BondBloxxSM ETF Trust
Annual Report
October 31, 2022
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
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.
Table of Contents
Shareholder Letter (Unaudited)
Dear Valued Shareholders,
We are grateful to have earned your trust as a client this year. The following shareholder letter covers the period ended October 31, 2022.
In 2022, global equity and bond markets faced a variety of headwinds. Accelerating inflation, Russia’s invasion of Ukraine, and aggressive monetary tightening policies by the Federal Reserve (the “Fed”) were all contributors to one of the largest yearly declines in U.S. financial markets. Major U.S. stock indices moved decidedly into bear market territory, and the fixed income markets, which typically provide some diversification against declining equity prices, also declined as the Fed remained committed to raising rates to combat inflation.
U.S. inflation, as measured by the Consumer Price Index, reaching a forty-year high of 9.1% during the second quarter of 2022, prompted the Fed to acknowledge it misread the inflationary environment. The Fed has since accelerated its efforts to reduce inflation with a dedicated campaign to boost interest rates by raising the federal funds target rate range to 3.75%-4.00% at the end of November, from 0.25%-0.50% at the beginning of the year. These Fed actions and its continued hawkish tone regarding further rate hikes, in combination with the persistently high inflation data that has been released, caused significant volatility in the financial markets as the risk of recession rose and investors turned bearish, despite strong employment statistics and robust corporate balance sheets.
Amid these challenging market conditions, BondBloxx remained committed to our only mission, helping investors seize opportunities in fixed income markets. We are focused on expanding the universe of fixed income ETFs so that investors can design, build and manage portfolios with greater efficiency and precision. Towards that end, we engineered and launched 19 ETFs that offer investors unique market exposures to fixed income asset classes, including 7 high yield industry sector ETFs, 3 high yield credit rating category ETFs, 8 target duration U.S. Treasury ETFs, and 1 emerging market sovereign debt ETF.
We expect that the market environment over the next 10 years will bring a dramatic increase in portfolio allocations to bonds. As the only ETF issuer solely committed to making the fixed income investor our first and only priority, we believe that BondBloxx has just scratched the surface of the opportunities to empower investors with better products and technologies. We continually ask fixed income investors what they need and respond with thoughtfully designed tools that allow them to express active views in their portfolio construction. Now more than ever, the fixed income positioning decisions that investors make can have material performance and risk implications for their portfolios. The time has come to put fixed income first.
From everyone at BondBloxx I want to share our sincere appreciation for your support and partnership. We wish you a joyous holiday season and a new year full of health, happiness and success.
Joanna Gallegos
President, BondBloxx ETF Trust
There are risks associated with investing, including possible loss of principal. Fixed income investments are subject to interest rate risk; their value will normally decline as interest rates rise. Fixed income investments are also subject to credit risk, the risk that the issuer of a bond will fail to pay interest and principal in a timely manner.
1
Fund Performance Overview (Unaudited)
The key themes driving fixed income markets during 2022 were inflation pressures, rising interest rates, and a softening economic outlook - all against a backdrop of surging demand, cost pressures resulting from supply chain challenges, and impacts from Russia’s invasion of Ukraine.
As the economy continued to recover from the shutdowns due to the Covid-19 crisis, problems with global supply chains could not keep up with the surge in demand for goods and services. This led to rising price pressures and tight U.S. employment conditions. Russia’s invasion of Ukraine in Q1 2022 put additional upward pressure on prices, especially for oil and other commodity goods. U.S. inflation, as measured by the Consumer Price Index (“CPI”), was already growing by over +7% year-over-year at the end of 2021, and continued to accelerate in the early part of 2022, reaching a forty-year high of +9.1% in June, significantly above the target set by the U.S. Federal Reserve (“Fed”).
In an effort to combat surging inflation, the Fed embarked on an aggressive campaign of boosting policy rates, raising the Federal Funds Target Rate by +3.0%, from a level of 0.25% at the end of 2021 to 3.25% by October 31, 2022. The Fed’s actions and hawkish commentary regarding further interest rate actions, in combination with persistently high price pressures, caused economic growth to slow and financial markets to react negatively as investors turned more cautious. U.S. GDP slowed from the previous year, Treasury yields rose, yield spreads on credit securities widened, and equities reported negative returns.
U.S. high yield bonds traded down in 2022, generating negative returns, as the investment environment became more challenging as a result of aggressive Fed policy, higher prices and cost pressures, and an increasingly unfavorable outlook for economic growth. While higher than the previous year, high yield default rates remained below long-term averages throughout 2022, and supply-and-demand factors provided a positive backdrop as the amount of newly issued debt fell over 75% from the previous year.
As measured by the BofA Ice Cash Pay High Yield Constrained Index, a broad benchmark of the asset class, U.S. high yield returned -12.1% for the year-to-date period ending October 31, 2022. Returns were volatile, with strongly positive as well as negative months during this ten-month period.
U.S. high yield experienced a high level of variance between different industry sectors during 2022. Above-average oil prices helped support cash flows and balance sheets of many companies in the energy sector, insulating it from negative macroeconomic pressures relative to other sectors. Cost pressures and specific credit issues had a pronounced impact on the healthcare sector, while a slowing economic outlook and the growing risk of recession negatively impacted the consumer cyclical sector. Conversely, the diversified core industrial sector held up better than average.
2
BONDBLOXX ETF TRUST
BondBloxx USD High Yield Bond Industrial Sector ETF
Fund Performance Overview (Unaudited) (Continued)
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx USD High Yield Bond | Since | |
| Industrial Sector ETF | Inception(2) | |
| Net Asset Value | (6.81)% | |
| Market Value | (6.88)% | |
| ICE Diversified US Cash Pay High Yield | ||
| Core Industrial Index | (6.96)% |
| (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.
3
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx USD High Yield Bond | Since | |
| Telecom, Media & Technology Sector ETF | Inception(2) | |
| Net Asset Value | (8.96)% | |
| Market Value | (9.03)% | |
| ICE Diversified US Cash Pay High Yield | ||
| Telecom, Media & Technology Index | (8.82)% |
| (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.
4
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx USD High Yield Bond | Since | |
| Healthcare Sector ETF | Inception(2) | |
| Net Asset Value | (15.19)% | |
| Market Value | (15.47)% | |
| ICE Diversified US Cash Pay High Yield | ||
| Healthcare Index | (14.66)% |
| (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.
5
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx USD High Yield Bond | Since | |
| Financial & REIT Sector ETF | Inception(2) | |
| Net Asset Value | (8.65)% | |
| Market Value | (8.72)% | |
| ICE Diversified US Cash Pay High Yield | ||
| Financial & REIT Index | (8.33)% |
| (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.
6
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx USD High Yield Bond | Since | |
| Energy Sector ETF | Inception(2) | |
| Net Asset Value | (2.84)% | |
| Market Value | (3.19)% | |
| ICE Diversified US Cash Pay High Yield | ||
| Energy Index | (2.35)% |
| (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.
7
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx USD High Yield Bond | Since | |
| Consumer Cyclicals Sector ETF | Inception(2) | |
| Net Asset Value | (9.96)% | |
| Market Value | (10.54)% | |
| ICE Diversified US Cash Pay High Yield | ||
| Consumer Cyclical Index | (9.85)% |
| (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.
8
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx USD High Yield Bond | Since | |
| Consumer Non-Cyclicals Sector ETF | Inception(2) | |
| Net Asset Value | (7.32)% | |
| Market Value | (7.55)% | |
| ICE Diversified US Cash Pay High Yield | ||
| Consumer Non-Cyclical Index | (7.18)% |
| (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.
9
Fund Performance Overview (Unaudited) (Continued)
High Yield Ratings
The key themes driving fixed income markets during 2022 were inflation pressures, rising interest rates, and a softening economic outlook - all against a backdrop of surging demand, cost pressures resulting from supply chain challenges, and impacts from Russia’s invasion of Ukraine.
As the economy continued to recover from the shutdowns due to the Covid-19 crisis, problems with global supply chains could not keep up with the surge in demand for goods and services. This led to rising price pressures and tight U.S. employment conditions. Russia’s invasion of Ukraine in Q1 2022 put additional upward pressure on prices, especially for oil and other commodity goods. U.S. inflation, as measured by the Consumer Price Index (“CPI”), was already growing by over +7% year-over-year at the end of 2021, and continued to accelerate in the early part of 2022, reaching a forty-year high of +9.1% in June, significantly above the target set by the U.S. Federal Reserve (“Fed”).
In an effort to combat surging inflation, the Fed embarked on an aggressive campaign of boosting policy rates, raising the Federal Funds Target Rate by +3.0%, from a level of 0.25% at the end of 2021 to 3.25% by October 31, 2022. The Fed’s actions and hawkish commentary regarding further interest rate actions, in combination with persistently high price pressures, caused economic growth to slow and financial markets to react negatively as investors turned more cautious. U.S. GDP slowed from the previous year, Treasury yields rose, yield spreads on credit securities widened, and equities reported negative returns.
U.S. high yield bonds traded down in 2022, generating negative returns, as the investment environment became more challenging as a result of aggressive Fed policy, higher prices and cost pressures, and an increasingly unfavorable outlook for economic growth. While higher than the previous year, high yield default rates remained below long-term averages throughout 2022, and supply-and-demand factors provided a positive backdrop as the amount of newly issued debt fell over 75% from the previous year.
As measured by the BofA Ice Cash Pay High Yield Constrained Index, a broad benchmark of the asset class, U.S. high yield returned -12.1% for the year-to-date period ending October 31, 2022. Returns were volatile, with strongly positive as well as negative months during this ten-month period.
Lower rated high yield bonds underperformed in 2022 as investors shifted away from riskier assets on growing fears of falling corporate cash flows and tighter borrowing conditions. The ICE CCC US Cash Pay High Yield Constrained Index was down nearly -16% for the period from December 31, 2021 to October 31, 2022. High yield securities with higher credit ratings were less impacted by risk-averse investors, with BB and single-B rated high yield bonds returning -12% and -11%, respectively, as measured by ICE Index Services.
10
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx B Rated USD High Yield | Since | |
| Corporate Bond ETF | Inception(2) | |
| Net Asset Value | (1.45)% | |
| Market Value | (5.16)% | |
| ICE BofA Single-B US Cash Pay High Yield | ||
| Constrained Index | (1.38)% |
| (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.
11
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx BB Rated USD High Yield | Since | |
| Corporate Bond ETF | Inception(2) | |
| Net Asset Value | (2.07)% | |
| Market Value | (5.57)% | |
| ICE BofA BB US Cash Pay High Yield | ||
| Constrained Index | (2.14)% |
| (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.
12
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx CCC Rated USD High Yield | Since | |
| Corporate Bond ETF | Inception(2) | |
| Net Asset Value | (2.59)% | |
| Market Value | (5.63)% | |
| ICE CCC US Cash Pay High Yield | ||
| Constrained Index | (2.38)% |
| (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.
13
Fund Performance Overview (Unaudited) (Continued)
Emerging Markets
The key themes driving fixed income markets during 2022 were inflation pressures, rising interest rates, and a softening economic outlook - all against a backdrop of surging demand, cost pressures resulting from supply chain challenges, and impacts from Russia’s invasion of Ukraine.
As the economy continued to recover from the shutdowns due to the Covid-19 crisis, problems with global supply chains could not keep up with the surge in demand for goods and services. This led to rising price pressures and tight U.S. employment conditions. Russia’s invasion of Ukraine in Q1 2022 put additional upward pressure on prices, especially for oil and other commodity goods. U.S. inflation, as measured by the Consumer Price Index (“CPI”), was already growing by over +7% year-over-year at the end of 2021, and continued to accelerate in the early part of 2022, reaching a forty-year high of +9.1% in June, significantly above the target set by the U.S. Federal Reserve (“Fed”).
In an effort to combat surging inflation, the Fed embarked on an aggressive campaign of boosting policy rates, raising the Federal Funds Target Rate by +3.0%, from a level of 0.25% at the end of 2021 to 3.25% by October 31, 2022. The Fed’s actions and hawkish commentary regarding further interest rate actions, in combination with persistently high price pressures, caused economic growth to slow and financial markets to react negatively as investors turned more cautious. U.S. GDP slowed from the previous year, Treasury yields rose, yield spreads on credit securities widened, and equities reported negative returns.
The performance of emerging markets debt during 2022 was driven by rising inflation, tighter global monetary policy, a stronger U.S. dollar, and growing risk of recession. The geopolitical and inflationary shock from Russia’s invasion of Ukraine in Q1 2022 added to a risk-averse investment environment that affected emerging markets debt. During the year-to-date period ending October 31, 2022, U.S. dollar-denominated emerging markets debt returned -23.8%, as measured by the JP Morgan EMBI Global Diversified Index. While most of this negative return was due to rising U.S. Treasury yields, returns were adversely impacted by a +1.74% rise in the yield spread between emerging markets debt and equivalent Treasuries over this period.
Securities with shorter-dated maturities did not experience the same level of negative performance as longer dated bonds, as evidenced by the -18.7% return of the JP Morgan EMBI Global Diversified 1-10 Liquid Index, which excludes securities with maturities over ten years. On average, the sovereign debt of countries based in the Middle East fared better than the rest of the asset class, as the rise in oil prices bolstered their fiscal health. Conversely, countries based in Europe were harder hit on average by the increase in oil and commodity prices. Countries based in Africa, Asia, and Latin American in aggregate performed closer to the average.
14
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx JP Morgan USD Emerging Markets | Since | |
| 1-10 Year Bond ETF | Inception(2) | |
| Net Asset Value | (3.78)% | |
| Market Value | (4.32)% | |
| J.P. Morgan EMBI Global Diversified Liquid | ||
| 1-10 Year Maturity Index | (3.65)% |
| (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 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.
15
Fund Performance Overview (Unaudited) (Continued)
U.S. Treasury
The key themes driving fixed income markets during 2022 were inflation pressures, rising interest rates, and a softening economic outlook - all against a backdrop of surging demand, cost pressures resulting from supply chain challenges, and impacts from Russia’s invasion of Ukraine.
As the economy continued to recover from the shutdowns due to the Covid-19 crisis, problems with global supply chains could not keep up with the surge in demand for goods and services. This led to rising price pressures and tight U.S. employment conditions. Russia’s invasion of Ukraine in Q1 2022 put additional upward pressure on prices, especially for oil and other commodity goods. U.S. inflation, as measured by the Consumer Price Index (“CPI”), was already growing by over +7% year-over-year at the end of 2021, and continued to accelerate in the early part of 2022, reaching a forty-year high of +9.1% in June, significantly above the target set by the U.S. Federal Reserve (“Fed”).
In an effort to combat surging inflation, the Fed embarked on an aggressive campaign of boosting policy rates, raising the Federal Funds Target Rate by +3.0%, from a level of 0.25% at the end of 2021 to 3.25% by October 31, 2022. The Fed’s actions and hawkish commentary regarding further interest rate actions, in combination with persistently high price pressures, caused economic growth to slow and financial markets to react negatively as investors turned more cautious. U.S. GDP slowed from the previous year, Treasury yields rose, yield spreads on credit securities widened, and equities reported negative returns.
Yields on Treasuries rose in 2022 as bond prices fell on investor reaction to Fed policy actions, Fed commentary, and inflationary data. Shorter-dated issues, which are the most sensitive to Fed policy actions, saw the most significant upward yield moves. From December 31, 2021, to October 31, 2022, the yield on the 2-year Treasury rose by +3.75%, from 0.73% to 4.49%. Longer-dated securities, which encompass market expectations of economic growth and inflation further into the future, saw less severe yield increases.
The yield on the 10-year note rose by +2.54%, from 1.51% to 4.05%, for the same period, while the 30-year bond yield rose from 1.90% to 4.17%. The difference in yield between the 10-year and 2-year Treasuries, a common measure of the steepness of the Treasury yield curve, ended the period at -0.44%, the lowest level since 2000.
16
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx Bloomberg Six Month | Since | |
| Target Duration US Treasury ETF | Inception(2) | |
| Net Asset Value | 0.18% | |
| Market Value | 0.22% | |
| Bloomberg US Treasury 6 Month | ||
| Duration Index | 0.16% |
| (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.
17
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx Bloomberg One Year | Since | |
| Target Duration US Treasury ETF | Inception(2) | |
| Net Asset Value | (0.20)% | |
| Market Value | (0.14)% | |
| Bloomberg US Treasury 1 Year | ||
| Duration Index | (0.17)% |
| (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.
18
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx Bloomberg Two Year | Since | |
| Target Duration US Treasury ETF | Inception(2) | |
| Net Asset Value | (0.90)% | |
| Market Value | (0.74)% | |
| Bloomberg US Treasury 2 Year | ||
| Duration Index | (0.87)% |
| (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.
19
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx Bloomberg Three Year | Since | |
| Target Duration US Treasury ETF | Inception(2) | |
| Net Asset Value | (1.44)% | |
| Market Value | (1.25)% | |
| Bloomberg US Treasury 3 Year | ||
| Duration Index | (1.45)% |
| (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.
20
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx Bloomberg Five Year | Since | |
| Target Duration US Treasury ETF | Inception(2) | |
| Net Asset Value | (2.75)% | |
| Market Value | (2.50)% | |
| Bloomberg US Treasury 5 Year | ||
| Duration Index | (2.75)% |
| (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.
21
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx Bloomberg Seven Year | Since | |
| Target Duration US Treasury ETF | Inception(2) | |
| Net Asset Value | (3.92)% | |
| Market Value | (3.75)% | |
| Bloomberg US Treasury 7 Year | ||
| Duration Index | (3.88)% |
| (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.
22
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx Bloomberg Ten Year | Since | |
| Target Duration US Treasury ETF | Inception(2) | |
| Net Asset Value | (6.17)% | |
| Market Value | (6.03)% | |
| Bloomberg US Treasury 10 Year | ||
| Duration Index | (6.17)% |
| (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.
23
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 October 31, 2022.
| Cumulative Total Returns as of October 31, 2022 | ||
| BondBloxx Bloomberg Twenty Year | Since | |
| Target Duration US Treasury ETF | Inception(2) | |
| Net Asset Value | (12.31)% | |
| Market Value | (12.66)% | |
| Bloomberg US Treasury 20 Year | ||
| Duration Index | (12.17)% |
| (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.
24
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 (May 1, 2022) or on the date of each Fund’s commencement of investment operations, if later,(5)(6)(7) and held for the entire period until October 31, 2022. 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.
| Beginning Account Value | Ending Account Value | Annualized Expense Ratios for the Period | Expenses Paid During the Period(1) | ||||||||||||
| Fund | 5/1/2022 | 10/31/2022 | 10/31/2022 | 10/31/2022 | |||||||||||
| BondBloxx USD High Yield Bond | |||||||||||||||
| Industrial Sector ETF | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 969.19 | 0.35% | $ | 1.74 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.44 | 0.35% | $ | 1.79 | ||||||||
| BondBloxx USD High Yield Bond | |||||||||||||||
| Telecom, Media & Technology Sector ETF | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 952.44 | 0.35% | $ | 1.72 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.44 | 0.35% | $ | 1.79 | ||||||||
| BondBloxx USD High Yield Bond | |||||||||||||||
| Healthcare Sector ETF | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 885.55 | 0.35% | $ | 1.66 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.44 | 0.35% | $ | 1.79 | ||||||||
25
BONDBLOXX ETF TRUST
Fund Expense Examples (Unaudited) (Continued)
| Fund | Beginning 5/1/2022 | Ending 10/31/2022 | Annualized 10/31/2022 | Expenses 10/31/2022 | |||||||||||
| BondBloxx USD High Yield Bond | |||||||||||||||
| Financial & REIT Sector ETF | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 950.93 | 0.35% | $ | 1.72 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.44 | 0.35% | $ | 1.79 | ||||||||
| BondBloxx USD High Yield Bond | |||||||||||||||
| Energy Sector ETF | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 987.75 | 0.35% | $ | 1.75 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.44 | 0.35% | $ | 1.79 | ||||||||
| BondBloxx USD High Yield Bond | |||||||||||||||
| Consumer Cyclicals Sector ETF | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 939.38 | 0.35% | $ | 1.71 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.44 | 0.35% | $ | 1.79 | ||||||||
| BondBloxx USD High Yield Bond | |||||||||||||||
| Consumer Non-Cyclicals Sector ETF | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 974.45 | 0.35% | $ | 1.74 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.44 | 0.35% | $ | 1.79 | ||||||||
| Fund | Beginning 5/24/2022 | Ending 10/31/2022 | Annualized 10/31/2022 | Expenses 10/31/2022 | |||||||||||
| BondBloxx B Rated USD High Yield | |||||||||||||||
| Corporate Bond ETF(5) | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 985.48 | 0.30% | $ | 1.31 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.69 | 0.30% | $ | 1.53 | ||||||||
| BondBloxx BB Rated USD High Yield | |||||||||||||||
| Corporate Bond ETF(5) | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 979.28 | 0.20% | $ | 0.87 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.20 | 0.20% | $ | 1.02 | ||||||||
| BondBloxx CCC Rated USD High Yield | |||||||||||||||
| Corporate Bond ETF(5) | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 974.13 | 0.40% | $ | 1.73 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.19 | 0.40% | $ | 2.04 | ||||||||
| Fund | Beginning 6/28/2022 | Ending 10/31/2022 | Annualized 10/31/2022 | Expenses 10/31/2022 | |||||||||||
| BondBloxx JP Morgan USD Emerging Markets | |||||||||||||||
| 1-10 Year Bond ETF(6) | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 962.23 | 0.29% | $ | 0.97 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,023.74 | 0.29% | $ | 1.48 | ||||||||
26
BONDBLOXX ETF TRUST
Fund Expense Examples (Unaudited) (Continued)
| Fund | Beginning 9/13/2022 | Ending 10/31/2022 | Annualized 10/31/2022 | Expenses 10/31/2022 | |||||||||||
| BondBloxx Bloomberg Six Month | |||||||||||||||
| Target Duration US Treasury ETF(7) | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 1,001.80 | 0.03% | $ | 0.04 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,025.05 | 0.03% | $ | 0.15 | ||||||||
| BondBloxx Bloomberg One Year | |||||||||||||||
| Target Duration US Treasury ETF(7) | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 998.00 | 0.03% | $ | 0.04 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,025.05 | 0.03% | $ | 0.15 | ||||||||
| BondBloxx Bloomberg Two Year | |||||||||||||||
| Target Duration US Treasury ETF(7) | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 990.99 | 0.05% | $ | 0.07 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.95 | 0.05% | $ | 0.26 | ||||||||
| BondBloxx Bloomberg Three Year | |||||||||||||||
| Target Duration US Treasury ETF(7) | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 985.56 | 0.05% | $ | 0.07 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.95 | 0.05% | $ | 0.26 | ||||||||
| BondBloxx Bloomberg Five Year | |||||||||||||||
| Target Duration US Treasury ETF(7) | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 972.47 | 0.05% | $ | 0.06 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.95 | 0.05% | $ | 0.26 | ||||||||
| BondBloxx Bloomberg Seven Year | |||||||||||||||
| Target Duration US Treasury ETF(7) | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 960.76 | 0.05% | $ | 0.06 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.95 | 0.05% | $ | 0.26 | ||||||||
| BondBloxx Bloomberg Ten Year | |||||||||||||||
| Target Duration US Treasury ETF(7) | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 938.28 | 0.075% | $ | 0.10 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.83 | 0.075% | $ | 0.38 | ||||||||
| BondBloxx Bloomberg Twenty Year | |||||||||||||||
| Target Duration US Treasury ETF(7) | |||||||||||||||
| Actual Expenses | $ | 1,000.00 | $ | 876.86 | 0.125% | $ | 0.15 | ||||||||
| Hypothetical (5% return before expenses) | $ | 1,000.00 | $ | 1,024.58 | 0.125% | $ | 0.64 | ||||||||
| (1) | Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by the 184 days in the period, then divided by 365. |
| (2) | Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by the 160 days in the period, then divided by 365. |
| (3) | Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by the 125 days in the period, then divided by 365. |
| (4) | Expenses are equal to the Fund’s annualized expense ratio, multiplied by the average account value over the period, multiplied by the 48 days in the period, then divided by 365. |
| (5) | The Funds commenced investment operations on May 24, 2022. |
| (6) | The Fund commenced investment operations on June 28, 2022. |
| (7) | The Funds commenced investment operations on September 13, 2022. |
27
BONDBLOXX ETF TRUST
BondBloxx USD High Yield Bond Industrial Sector ETF
Portfolio of Investments
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| CORPORATE BONDS – 96.7% | |||||||||||||
| ADVERTISING – 0.1% | |||||||||||||
| Summer BC Bidco B LLC(1) | 5.50 | 10/31/26 | $ | 5,000 | $ | 3,987 | |||||||
| AEROSPACE/DEFENSE – 10.5% | |||||||||||||
| Bombardier, Inc.(1) | 7.13 | 06/15/26 | 15,000 | 14,223 | |||||||||
| Bombardier, Inc.(1) | 7.45 | 05/01/34 | 15,000 | 14,097 | |||||||||
| Bombardier, Inc.(1) | 7.50 | 12/01/24 | 15,000 | 14,945 | |||||||||
| Bombardier, Inc.(1) | 7.50 | 03/15/25 | 15,000 | 14,771 | |||||||||
| Bombardier, Inc.(1) | 7.88 | 04/15/27 | 20,000 | 19,031 | |||||||||
| Hexcel Corp. | 4.20 | 02/15/27 | 10,000 | 9,117 | |||||||||
| Howmet Aerospace, Inc. | 3.00 | 01/15/29 | 10,000 | 8,348 | |||||||||
| Howmet Aerospace, Inc. | 5.13 | 10/01/24 | 15,000 | 14,829 | |||||||||
| Howmet Aerospace, Inc. | 5.90 | 02/01/27 | 10,000 | 9,843 | |||||||||
| Howmet Aerospace, Inc. | 5.95 | 02/01/37 | 10,000 | 9,183 | |||||||||
| Howmet Aerospace, Inc. | 6.88 | 05/01/25 | 10,000 | 10,239 | |||||||||
| Moog, Inc.(1) | 4.25 | 12/15/27 | 10,000 | 8,965 | |||||||||
| Rolls-Royce PLC(1) | 3.63 | 10/14/25 | 15,000 | 13,270 | |||||||||
| Rolls-Royce PLC(1) | 5.75 | 10/15/27 | 15,000 | 13,595 | |||||||||
| Spirit AeroSystems, Inc. | 4.60 | 06/15/28 | 10,000 | 7,181 | |||||||||
| Spirit AeroSystems, Inc.(1) | 5.50 | 01/15/25 | 5,000 | 4,832 | |||||||||
| Spirit AeroSystems, Inc.(1) | 7.50 | 04/15/25 | 20,000 | 19,478 | |||||||||
| TransDigm, Inc. | 4.63 | 01/15/29 | 25,000 | 21,329 | |||||||||
| TransDigm, Inc. | 5.50 | 11/15/27 | 30,000 | 27,415 | |||||||||
| TransDigm, Inc.(1) | 6.25 | 03/15/26 | 60,000 | 59,288 | |||||||||
| TransDigm, Inc. | 6.38 | 06/15/26 | 25,000 | 24,158 | |||||||||
| TransDigm, Inc.(1) | 8.00 | 12/15/25 | 15,000 | 15,281 | |||||||||
| Triumph Group, Inc.(1) | 6.25 | 09/15/24 | 10,000 | 9,260 | |||||||||
| Triumph Group, Inc. | 7.75 | 08/15/25 | 5,000 | 3,794 | |||||||||
| Triumph Group, Inc.(1) | 8.88 | 06/01/24 | 10,000 | 10,120 | |||||||||
| 376,592 | |||||||||||||
| AIRLINES – 6.7% | |||||||||||||
| Air Canada(1) | 3.88 | 08/15/26 | 15,000 | 13,294 | |||||||||
| American Airlines Group, Inc.(1) | 3.75 | 03/01/25 | 15,000 | 13,218 | |||||||||
| American Airlines, Inc.(1) | 11.75 | 07/15/25 | 25,000 | 27,375 | |||||||||
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.(1) | 5.50 | 04/20/26 | 45,000 | 42,927 | |||||||||
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.(1) | 5.75 | 04/20/29 | 40,000 | 36,471 | |||||||||
| Delta Air Lines, Inc. | 2.90 | 10/28/24 | 10,000 | 9,467 | |||||||||
| Delta Air Lines, Inc. | 3.75 | 10/28/29 | 10,000 | 8,249 | |||||||||
| Delta Air Lines, Inc. | 4.38 | 04/19/28 | 10,000 | 8,934 | |||||||||
| Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.(1) | 5.75 | 01/20/26 | 20,000 | 18,463 | |||||||||
| Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd.(1) | 8.00 | 09/20/25 | 10,000 | 10,169 | |||||||||
| United Airlines Holdings, Inc. | 4.88 | 01/15/25 | 15,000 | 14,341 | |||||||||
| United Airlines, Inc.(1) | 4.38 | 04/15/26 | 15,000 | 13,718 | |||||||||
| United Airlines, Inc.(1) | 4.63 | 04/15/29 | 25,000 | 21,426 | |||||||||
| 238,052 | |||||||||||||
| AUTO MANUFACTURERS – 0.2% | |||||||||||||
| PM General Purchaser LLC(1) | 9.50 | 10/01/28 | 10,000 | 8,622 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| AUTO PARTS & EQUIPMENT – 0.5% | |||||||||||||
| Dornoch Debt Merger Sub, Inc.(1) | 6.63 | 10/15/29 | $ | 10,000 | $ | 6,821 | |||||||
| Titan International, Inc. | 7.00 | 04/30/28 | 10,000 | 9,362 | |||||||||
| 16,183 | |||||||||||||
| BUILDING MATERIALS – 5.5% | |||||||||||||
| Builders FirstSource, Inc.(1) | 4.25 | 02/01/32 | 15,000 | 12,028 | |||||||||
| Builders FirstSource, Inc.(1) | 5.00 | 03/01/30 | 5,000 | 4,302 | |||||||||
| Builders FirstSource, Inc.(1) | 6.38 | 06/15/32 | 10,000 | 9,221 | |||||||||
| Camelot Return Merger Sub, Inc.(1) | 8.75 | 08/01/28 | 10,000 | 8,350 | |||||||||
| Cornerstone Building Brands, Inc.(1) | 6.13 | 01/15/29 | 10,000 | 6,265 | |||||||||
| CP Atlas Buyer, Inc.(1) | 7.00 | 12/01/28 | 5,000 | 3,607 | |||||||||
| Eco Material Technologies, Inc.(1) | 7.88 | 01/31/27 | 10,000 | 9,360 | |||||||||
| Griffon Corp. | 5.75 | 03/01/28 | 15,000 | 13,781 | |||||||||
| JELD-WEN, Inc.(1) | 4.63 | 12/15/25 | 15,000 | 12,402 | |||||||||
| Louisiana-Pacific Corp.(1) | 3.63 | 03/15/29 | 5,000 | 4,073 | |||||||||
| Masonite International Corp.(1) | 3.50 | 02/15/30 | 10,000 | 7,962 | |||||||||
| MIWD Holdco II LLC/MIWD Finance Corp.(1) | 5.50 | 02/01/30 | 5,000 | 3,864 | |||||||||
| New Enterprise Stone & Lime Co., Inc.(1) | 5.25 | 07/15/28 | 15,000 | 13,084 | |||||||||
| Oscar Acquisition Co LLC/Oscar Finance, Inc.(1) | 9.50 | 04/15/30 | 5,000 | 4,246 | |||||||||
| PGT Innovations, Inc.(1) | 4.38 | 10/01/29 | 10,000 | 8,316 | |||||||||
| Smyrna Ready Mix Concrete LLC(1) | 6.00 | 11/01/28 | 15,000 | 12,642 | |||||||||
| Standard Industries, Inc./NJ(1) | 3.38 | 01/15/31 | 15,000 | 11,259 | |||||||||
| Standard Industries, Inc./NJ(1) | 4.38 | 07/15/30 | 20,000 | 16,208 | |||||||||
| Standard Industries, Inc./NJ(1) | 4.75 | 01/15/28 | 15,000 | 13,181 | |||||||||
| Standard Industries, Inc./NJ(1) | 5.00 | 02/15/27 | 10,000 | 9,064 | |||||||||
| Summit Materials LLC/Summit Materials Finance Corp.(1) | 5.25 | 01/15/29 | 15,000 | 13,735 | |||||||||
| 196,950 | |||||||||||||
| CHEMICALS – 9.4% | |||||||||||||
| Ashland LLC(1) | 3.38 | 09/01/31 | 10,000 | 7,838 | |||||||||
| ASP Unifrax Holdings, Inc.(1) | 5.25 | 09/30/28 | 10,000 | 7,977 | |||||||||
| ASP Unifrax Holdings, Inc.(1) | 7.50 | 09/30/29 | 5,000 | 3,358 | |||||||||
| Avient Corp.(1) | 5.75 | 05/15/25 | 20,000 | 19,602 | |||||||||
| Axalta Coating Systems LLC(1) | 3.38 | 02/15/29 | 15,000 | 12,364 | |||||||||
| Chemours Co.(1) | 4.63 | 11/15/29 | 10,000 | 7,825 | |||||||||
| Chemours Co. | 5.38 | 05/15/27 | 15,000 | 13,454 | |||||||||
| Cornerstone Chemical Co.(1) | 6.75 | 08/15/24 | 5,000 | 3,767 | |||||||||
| CVR Partners LP/CVR Nitrogen Finance Corp.(1) | 6.13 | 06/15/28 | 10,000 | 9,061 | |||||||||
| Element Solutions, Inc.(1) | 3.88 | 09/01/28 | 10,000 | 8,526 | |||||||||
| HB Fuller Co. | 4.00 | 02/15/27 | 10,000 | 9,164 | |||||||||
| Illuminate Buyer LLC/Illuminate Holdings IV, Inc.(1) | 9.00 | 07/01/28 | 10,000 | 8,460 | |||||||||
| Ingevity Corp.(1) | 3.88 | 11/01/28 | 10,000 | 8,456 | |||||||||
| LSF11 A5 Hold Co LLC(1) | 6.63 | 10/15/29 | 5,000 | 3,949 | |||||||||
| Mativ Holdings, Inc.(1) | 6.88 | 10/01/26 | 10,000 | 9,178 | |||||||||
| NOVA Chemicals Corp.(1) | 4.25 | 05/15/29 | 10,000 | 8,179 | |||||||||
| NOVA Chemicals Corp.(1) | 4.88 | 06/01/24 | 20,000 | 19,495 | |||||||||
| NOVA Chemicals Corp.(1) | 5.00 | 05/01/25 | 10,000 | 9,537 | |||||||||
| NOVA Chemicals Corp.(1) | 5.25 | 06/01/27 | 5,000 | 4,475 | |||||||||
| Olin Corp. | 5.13 | 09/15/27 | 10,000 | 9,390 | |||||||||
| Olin Corp. | 5.63 | 08/01/29 | 15,000 | 14,133 | |||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| CHEMICALS – 9.4% (Continued) | ||||||||||||||
| Olympus Water US Holding Corp.(1) | 4.25 | 10/01/28 | $ | 15,000 | $ | 12,215 | ||||||||
| Polar US Borrower LLC/Schenectady International Group, Inc.(1) | 6.75 | 05/15/26 | 5,000 | 2,394 | ||||||||||
| Rain CII Carbon LLC/CII Carbon Corp.(1) | 7.25 | 04/01/25 | 5,000 | 4,294 | ||||||||||
| Rayonier AM Products, Inc.(1) | 7.63 | 01/15/26 | 10,000 | 8,706 | ||||||||||
| SCIH Salt Holdings, Inc.(1) | 4.88 | 05/01/28 | 15,000 | 13,055 | ||||||||||
| SCIH Salt Holdings, Inc.(1) | 6.63 | 05/01/29 | 10,000 | 8,050 | ||||||||||
| SCIL IV LLC/SCIL USA Holdings LLC(1) | 5.38 | 11/01/26 | 10,000 | 7,974 | ||||||||||
| SK Invictus Intermediate II Sarl(1) | 5.00 | 10/30/29 | 10,000 | 8,201 | ||||||||||
| SPCM SA(1) | 3.13 | 03/15/27 | 10,000 | 8,802 | ||||||||||
| Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc.(1) | 5.38 | 09/01/25 | 15,000 | 11,626 | ||||||||||
| Tronox, Inc.(1) | 4.63 | 03/15/29 | 10,000 | 7,744 | ||||||||||
| Valvoline, Inc.(1) | 3.63 | 06/15/31 | 15,000 | 11,856 | ||||||||||
| Venator Finance Sarl/Venator Materials LLC(1) | 5.75 | 07/15/25 | 10,000 | 3,315 | ||||||||||
| Vibrantz Technologies, Inc.(1) | 9.00 | 02/15/30 | 10,000 | 6,612 | ||||||||||
| WR Grace Holdings LLC(1) | 4.88 | 06/15/27 | 10,000 | 8,763 | ||||||||||
| WR Grace Holdings LLC(1) | 5.63 | 08/15/29 | 20,000 | 15,510 | ||||||||||
| 337,305 | ||||||||||||||
| COAL – 0.4% | ||||||||||||||
| SunCoke Energy, Inc.(1) | 4.88 | 06/30/29 | 10,000 | 8,215 | ||||||||||
| Warrior Met Coal, Inc.(1) | 7.88 | 12/01/28 | 5,000 | 4,937 | ||||||||||
| 13,152 | ||||||||||||||
| COMMERCIAL SERVICES – 14.7% | ||||||||||||||
| ADT Security Corp.(1) | 4.13 | 08/01/29 | 10,000 | 8,600 | ||||||||||
| ADT Security Corp.(1) | 4.88 | 07/15/32 | 10,000 | 8,531 | ||||||||||
| Albion Financing 1 Sarl/Aggreko Holdings, Inc.(1) | 6.13 | 10/15/26 | 15,000 | 12,845 | ||||||||||
| Allied Universal Holdco LLC/Allied Universal Finance Corp.(1) | 6.00 | 06/01/29 | 20,000 | 13,935 | ||||||||||
| Allied Universal Holdco LLC/Allied Universal Finance Corp.(1) | 6.63 | 07/15/26 | 30,000 | 28,707 | ||||||||||
| Allied Universal Holdco LLC/Allied Universal Finance Corp.(1) | 9.75 | 07/15/27 | 10,000 | 8,718 | ||||||||||
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl(1) | 4.63 | 06/01/28 | 15,000 | 12,578 | ||||||||||
| APi Group DE, Inc.(1) | 4.75 | 10/15/29 | 10,000 | 8,444 | ||||||||||
| Aptim Corp.(1) | 7.75 | 06/15/25 | 15,000 | 10,378 | ||||||||||
| APX Group, Inc.(1) | 5.75 | 07/15/29 | 10,000 | 7,902 | ||||||||||
| APX Group, Inc.(1) | 6.75 | 02/15/27 | 10,000 | 9,778 | ||||||||||
| ASGN, Inc.(1) | 4.63 | 05/15/28 | 10,000 | 8,906 | ||||||||||
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc.(1) | 5.38 | 03/01/29 | 15,000 | 13,030 | ||||||||||
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc.(1) | 5.75 | 07/15/27 | 10,000 | 9,214 | ||||||||||
| Brink’s Co.(1) | 4.63 | 10/15/27 | 15,000 | 13,900 | ||||||||||
| CoreLogic, Inc.(1) | 4.50 | 05/01/28 | 10,000 | 6,747 | ||||||||||
| Garda World Security Corp.(1) | 4.63 | 02/15/27 | 10,000 | 8,908 | ||||||||||
| Garda World Security Corp.(1) | 6.00 | 06/01/29 | 10,000 | 7,808 | ||||||||||
| Garda World Security Corp.(1) | 9.50 | 11/01/27 | 5,000 | 4,524 | ||||||||||
| Gartner, Inc.(1) | 3.75 | 10/01/30 | 15,000 | 12,637 | ||||||||||
| Gartner, Inc.(1) | 4.50 | 07/01/28 | 15,000 | 13,931 | ||||||||||
| Grand Canyon University | 4.13 | 10/01/24 | 10,000 | 9,400 | ||||||||||
| Herc Holdings, Inc.(1) | 5.50 | 07/15/27 | 20,000 | 18,956 | ||||||||||
| Hertz Corp.(1) | 4.63 | 12/01/26 | 10,000 | 8,540 | ||||||||||
| Hertz Corp.(1) | 5.00 | 12/01/29 | 10,000 | 7,949 | ||||||||||
| NESCO Holdings II, Inc.(1) | 5.50 | 04/15/29 | 10,000 | 8,789 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| COMMERCIAL SERVICES – 14.7% (Continued) | ||||||||||||||
| Nielsen Finance LLC/Nielsen Finance Co.(1) | 4.50 | 07/15/29 | $ | 5,000 | $ | 5,017 | ||||||||
| Nielsen Finance LLC/Nielsen Finance Co.(1) | 4.75 | 07/15/31 | 10,000 | 10,001 | ||||||||||
| Nielsen Finance LLC/Nielsen Finance Co.(1) | 5.63 | 10/01/28 | 15,000 | 14,922 | ||||||||||
| Nielsen Finance LLC/Nielsen Finance Co.(1) | 5.88 | 10/01/30 | 10,000 | 9,990 | ||||||||||
| PECF USS Intermediate Holding III Corp.(1) | 8.00 | 11/15/29 | 10,000 | 6,711 | ||||||||||
| Prime Security Services Borrower LLC/Prime Finance, Inc.(1) | 3.38 | 08/31/27 | 30,000 | 26,032 | ||||||||||
| Prime Security Services Borrower LLC/Prime Finance, Inc.(1) | 5.75 | 04/15/26 | 35,000 | 34,131 | ||||||||||
| Sabre GLBL, Inc.(1) | 7.38 | 09/01/25 | 15,000 | 14,115 | ||||||||||
| Sabre GLBL, Inc.(1) | 9.25 | 04/15/25 | 10,000 | 9,707 | ||||||||||
| Sotheby’s(1) | 7.38 | 10/15/27 | 15,000 | 14,541 | ||||||||||
| TriNet Group, Inc.(1) | 3.50 | 03/01/29 | 5,000 | 4,151 | ||||||||||
| United Rentals North America, Inc. | 3.75 | 01/15/32 | 10,000 | 8,124 | ||||||||||
| United Rentals North America, Inc. | 3.88 | 02/15/31 | 15,000 | 12,456 | ||||||||||
| United Rentals North America, Inc. | 4.00 | 07/15/30 | 15,000 | 12,797 | ||||||||||
| United Rentals North America, Inc. | 4.88 | 01/15/28 | 10,000 | 9,317 | ||||||||||
| United Rentals North America, Inc. | 5.25 | 01/15/30 | 10,000 | 9,293 | ||||||||||
| United Rentals North America, Inc. | 5.50 | 05/15/27 | 10,000 | 9,770 | ||||||||||
| WASH Multifamily Acquisition, Inc.(1) | 5.75 | 04/15/26 | 10,000 | 9,340 | ||||||||||
| Williams Scotsman International, Inc.(1) | 4.63 | 08/15/28 | 10,000 | 9,047 | ||||||||||
| WW International, Inc.(1) | 4.50 | 04/15/29 | 10,000 | 5,512 | ||||||||||
| ZipRecruiter, Inc.(1) | 5.00 | 01/15/30 | 10,000 | 8,197 | ||||||||||
| 526,826 | ||||||||||||||
| COMPUTERS – 0.3% | ||||||||||||||
| Conduent Business Services LLC/Conduent State & Local Solutions, Inc.(1) | 6.00 | 11/01/29 | 10,000 | 8,219 | ||||||||||
| Exela Intermediate LLC/Exela Finance, Inc.(1) | 11.50 | 07/15/26 | 15,000 | 4,125 | ||||||||||
| 12,344 | ||||||||||||||
| DISTRIBUTION/WHOLESALE – 1.3% | ||||||||||||||
| American Builders & Contractors Supply Co., Inc.(1) | 4.00 | 01/15/28 | 15,000 | 13,265 | ||||||||||
| BCPE Empire Holdings, Inc.(1) | 7.63 | 05/01/27 | 10,000 | 9,158 | ||||||||||
| H&E Equipment Services, Inc.(1) | 3.88 | 12/15/28 | 20,000 | 16,925 | ||||||||||
| KAR Auction Services, Inc.(1) | 5.13 | 06/01/25 | 4,000 | 3,857 | ||||||||||
| Resideo Funding, Inc.(1) | 4.00 | 09/01/29 | 5,000 | 4,107 | ||||||||||
| 47,312 | ||||||||||||||
| DIVERSIFIED FINANCIAL SERVICES – 0.5% | ||||||||||||||
| VistaJet Malta Finance PLC/XO Management Holding, Inc.(1) | 6.38 | 02/01/30 | 10,000 | 8,326 | ||||||||||
| VistaJet Malta Finance PLC/XO Management Holding, Inc.(1) | 7.88 | 05/01/27 | 10,000 | 9,030 | ||||||||||
| 17,356 | ||||||||||||||
| ELECTRIC – 0.2% | ||||||||||||||
| Pike Corp.(1) | 5.50 | 09/01/28 | 10,000 | 8,563 | ||||||||||
| ELECTRICAL COMPONENTS & EQUIPMENT – 1.0% | ||||||||||||||
| WESCO Distribution, Inc.(1) | 7.13 | 06/15/25 | 15,000 | 15,169 | ||||||||||
| WESCO Distribution, Inc.(1) | 7.25 | 06/15/28 | 20,000 | 20,318 | ||||||||||
| 35,487 | ||||||||||||||
| ELECTRONICS – 0.1% | ||||||||||||||
| Atkore, Inc.(1) | 4.25 | 06/01/31 | 5,000 | 4,058 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| ENERGY-ALTERNATE SOURCES – 0.4% | ||||||||||||||
| Enviva Partners LP/Enviva Partners Finance Corp.(1) | 6.50 | 01/15/26 | $ | 15,000 | $ | 14,425 | ||||||||
| ENGINEERING & CONSTRUCTION – 3.2% | ||||||||||||||
| AECOM | 5.13 | 03/15/27 | 15,000 | 14,238 | ||||||||||
| Artera Services LLC(1) | 9.03 | 12/04/25 | 15,000 | 12,569 | ||||||||||
| Brand Industrial Services, Inc.(1) | 8.50 | 07/15/25 | 15,000 | 10,821 | ||||||||||
| Dycom Industries, Inc.(1) | 4.50 | 04/15/29 | 10,000 | 8,736 | ||||||||||
| Fluor Corp. | 4.25 | 09/15/28 | 10,000 | 8,739 | ||||||||||
| Global Infrastructure Solutions, Inc.(1) | 7.50 | 04/15/32 | 15,000 | 11,123 | ||||||||||
| MasTec, Inc.(1) | 6.63 | 08/15/29 | 10,000 | 9,994 | ||||||||||
| Promontoria Holding 264 BV(1) | 7.88 | 03/01/27 | 10,000 | 9,115 | ||||||||||
| Railworks Holdings LP/Railworks Rally, Inc.(1) | 8.25 | 11/15/28 | 5,000 | 4,602 | ||||||||||
| TopBuild Corp.(1) | 4.13 | 02/15/32 | 10,000 | 7,844 | ||||||||||
| Tutor Perini Corp.(1) | 6.88 | 05/01/25 | 10,000 | 7,970 | ||||||||||
| Weekley Homes LLC/Weekley Finance Corp.(1) | 4.88 | 09/15/28 | 10,000 | 8,070 | ||||||||||
| 113,821 | ||||||||||||||
| ENVIRONMENTAL CONTROL – 3.2% | ||||||||||||||
| Clean Harbors, Inc.(1) | 4.88 | 07/15/27 | 15,000 | 14,138 | ||||||||||
| Covanta Holding Corp.(1) | 4.88 | 12/01/29 | 10,000 | 8,539 | ||||||||||
| Covanta Holding Corp. | 5.00 | 09/01/30 | 10,000 | 8,350 | ||||||||||
| GFL Environmental, Inc.(1) | 3.50 | 09/01/28 | 10,000 | 8,504 | ||||||||||
| GFL Environmental, Inc.(1) | 3.75 | 08/01/25 | 10,000 | 9,474 | ||||||||||
| GFL Environmental, Inc.(1) | 4.00 | 08/01/28 | 10,000 | 8,677 | ||||||||||
| GFL Environmental, Inc.(1) | 4.38 | 08/15/29 | 10,000 | 8,485 | ||||||||||
| GFL Environmental, Inc.(1) | 4.75 | 06/15/29 | 5,000 | 4,369 | ||||||||||
| GFL Environmental, Inc.(1) | 5.13 | 12/15/26 | 10,000 | 9,534 | ||||||||||
| Madison IAQ LLC(1) | 4.13 | 06/30/28 | 10,000 | 8,298 | ||||||||||
| Madison IAQ LLC(1) | 5.88 | 06/30/29 | 10,000 | 6,878 | ||||||||||
| Stericycle, Inc.(1) | 3.88 | 01/15/29 | 10,000 | 8,703 | ||||||||||
| Waste Pro USA, Inc.(1) | 5.50 | 02/15/26 | 10,000 | 9,267 | ||||||||||
| 113,216 | ||||||||||||||
| FOOD SERVICE – 1.4% | ||||||||||||||
| Aramark Services, Inc.(1) | 5.00 | 04/01/25 | 10,000 | 9,688 | ||||||||||
| Aramark Services, Inc.(1) | 5.00 | 02/01/28 | 10,000 | 9,127 | ||||||||||
| Aramark Services, Inc.(1) | 6.38 | 05/01/25 | 20,000 | 19,819 | ||||||||||
| TKC Holdings, Inc.(1) | 10.50 | 05/15/29 | 15,000 | 10,686 | ||||||||||
| 49,320 | ||||||||||||||
| FOREST PRODUCTS & PAPER – 1.4% | ||||||||||||||
| Clearwater Paper Corp.(1) | 5.38 | 02/01/25 | 10,000 | 9,721 | ||||||||||
| Domtar Corp.(1) | 6.75 | 10/01/28 | 10,000 | 8,524 | ||||||||||
| Glatfelter Corp.(1) | 4.75 | 11/15/29 | 10,000 | 6,455 | ||||||||||
| Mercer International, Inc. | 5.13 | 02/01/29 | 15,000 | 12,356 | ||||||||||
| Resolute Forest Products, Inc.(1) | 4.88 | 03/01/26 | 5,000 | 4,943 | ||||||||||
| Sylvamo Corp.(1) | 7.00 | 09/01/29 | 10,000 | 9,308 | ||||||||||
| 51,307 | ||||||||||||||
| HOLDING COMPANIES-DIVERS – 0.5% | ||||||||||||||
| Stena International SA(1) | 6.13 | 02/01/25 | 20,000 | 18,790 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| HOME BUILDERS – 4.2% | ||||||||||||||
| Ashton Woods USA LLC/Ashton Woods Finance Co.(1) | 4.63 | 08/01/29 | $ | 10,000 | $ | 7,527 | ||||||||
| Beazer Homes USA, Inc. | 7.25 | 10/15/29 | 10,000 | 8,290 | ||||||||||
| Brookfield Residential Properties, Inc./Brookfield Residential US LLC(1) | 5.00 | 06/15/29 | 10,000 | 7,547 | ||||||||||
| Brookfield Residential Properties, Inc./Brookfield Residential US LLC(1) | 6.25 | 09/15/27 | 10,000 | 8,745 | ||||||||||
| Century Communities, Inc. | 6.75 | 06/01/27 | 15,000 | 14,342 | ||||||||||
| Installed Building Products, Inc.(1) | 5.75 | 02/01/28 | 5,000 | 4,425 | ||||||||||
| KB Home | 4.00 | 06/15/31 | 5,000 | 3,795 | ||||||||||
| KB Home | 6.88 | 06/15/27 | 10,000 | 9,686 | ||||||||||
| KB Home | 7.25 | 07/15/30 | 5,000 | 4,625 | ||||||||||
| LGI Homes, Inc.(1) | 4.00 | 07/15/29 | 5,000 | 3,842 | ||||||||||
| M/I Homes, Inc. | 3.95 | 02/15/30 | 10,000 | 7,440 | ||||||||||
| Mattamy Group Corp.(1) | 4.63 | 03/01/30 | 10,000 | 7,821 | ||||||||||
| Meritage Homes Corp.(1) | 3.88 | 04/15/29 | 10,000 | 8,051 | ||||||||||
| Meritage Homes Corp. | 6.00 | 06/01/25 | 10,000 | 9,720 | ||||||||||
| Shea Homes LP/Shea Homes Funding Corp.(1) | 4.75 | 04/01/29 | 10,000 | 8,168 | ||||||||||
| Taylor Morrison Communities, Inc.(1) | 5.13 | 08/01/30 | 5,000 | 4,155 | ||||||||||
| Taylor Morrison Communities, Inc.(1) | 5.75 | 01/15/28 | 5,000 | 4,590 | ||||||||||
| Taylor Morrison Communities, Inc.(1) | 5.88 | 06/15/27 | 10,000 | 9,391 | ||||||||||
| TRI Pointe Group, Inc./TRI Pointe Homes, Inc. | 5.88 | 06/15/24 | 10,000 | 9,841 | ||||||||||
| Tri Pointe Homes, Inc. | 5.70 | 06/15/28 | 10,000 | 8,680 | ||||||||||
| 150,681 | ||||||||||||||
| INTERNET – 1.4% | ||||||||||||||
| Uber Technologies, Inc.(1) | 4.50 | 08/15/29 | 20,000 | 17,182 | ||||||||||
| Uber Technologies, Inc.(1) | 6.25 | 01/15/28 | 10,000 | 9,514 | ||||||||||
| Uber Technologies, Inc.(1) | 7.50 | 05/15/25 | 10,000 | 10,018 | ||||||||||
| Uber Technologies, Inc.(1) | 7.50 | 09/15/27 | 15,000 | 15,016 | ||||||||||
| 51,730 | ||||||||||||||
| IRON/STEEL – 3.2% | ||||||||||||||
| ATI, Inc. | 4.88 | 10/01/29 | 15,000 | 12,632 | ||||||||||
| Baffinland Iron Mines Corp./Baffinland Iron Mines LP(1) | 8.75 | 07/15/26 | 5,000 | 4,554 | ||||||||||
| Big River Steel LLC/BRS Finance Corp.(1) | 6.63 | 01/31/29 | 10,000 | 9,429 | ||||||||||
| Carpenter Technology Corp. | 6.38 | 07/15/28 | 10,000 | 9,255 | ||||||||||
| Cleveland-Cliffs, Inc.(1) | 4.63 | 03/01/29 | 5,000 | 4,312 | ||||||||||
| Cleveland-Cliffs, Inc.(1) | 4.88 | 03/01/31 | 5,000 | 4,230 | ||||||||||
| Cleveland-Cliffs, Inc. | 5.88 | 06/01/27 | 10,000 | 9,323 | ||||||||||
| Cleveland-Cliffs, Inc.(1) | 6.75 | 03/15/26 | 10,000 | 9,944 | ||||||||||
| Commercial Metals Co. | 4.13 | 01/15/30 | 10,000 | 8,416 | ||||||||||
| Commercial Metals Co. | 4.38 | 03/15/32 | 5,000 | 4,084 | ||||||||||
| Mineral Resources Ltd.(1) | 8.13 | 05/01/27 | 10,000 | 9,972 | ||||||||||
| Mineral Resources Ltd.(1) | 8.50 | 05/01/30 | 15,000 | 14,785 | ||||||||||
| TMS International Corp./DE(1) | 6.25 | 04/15/29 | 5,000 | 3,514 | ||||||||||
| United States Steel Corp. | 6.88 | 03/01/29 | 9,000 | 8,272 | ||||||||||
| 112,722 | ||||||||||||||
| LODGING – 0.1% | ||||||||||||||
| Arrow Bidco LLC(1) | 9.50 | 03/15/24 | 5,000 | 5,031 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| MACHINERY-CONSTRUCTION & MINING – 0.7% | ||||||||||||||
| BWX Technologies, Inc.(1) | 4.13 | 04/15/29 | $ | 10,000 | $ | 8,660 | ||||||||
| Terex Corp.(1) | 5.00 | 05/15/29 | 10,000 | 8,944 | ||||||||||
| Weir Group PLC(1) | 2.20 | 05/13/26 | 10,000 | 8,564 | ||||||||||
| 26,168 | ||||||||||||||
| MACHINERY-DIVERSIFIED – 1.7% | ||||||||||||||
| GrafTech Finance, Inc.(1) | 4.63 | 12/15/28 | 10,000 | 8,118 | ||||||||||
| Mueller Water Products, Inc.(1) | 4.00 | 06/15/29 | 5,000 | 4,343 | ||||||||||
| OT Merger Corp.(1) | 7.88 | 10/15/29 | 5,000 | 3,237 | ||||||||||
| SPX FLOW, Inc.(1) | 8.75 | 04/01/30 | 10,000 | 8,139 | ||||||||||
| Titan Acquisition Ltd./Titan Co.-Borrower LLC(1) | 7.75 | 04/15/26 | 10,000 | 8,199 | ||||||||||
| TK Elevator US Newco, Inc.(1) | 5.25 | 07/15/27 | 30,000 | 26,971 | ||||||||||
| 59,007 | ||||||||||||||
| MEDIA – 0.3% | ||||||||||||||
| Cengage Learning, Inc.(1) | 9.50 | 06/15/24 | 10,000 | 9,478 | ||||||||||
| METAL FABRICATE/HARDWARE – 0.7% | ||||||||||||||
| Advanced Drainage Systems, Inc.(1) | 6.38 | 06/15/30 | 10,000 | 9,679 | ||||||||||
| Park-Ohio Industries, Inc. | 6.63 | 04/15/27 | 10,000 | 7,015 | ||||||||||
| Roller Bearing Co. of America, Inc.(1) | 4.38 | 10/15/29 | 10,000 | 8,787 | ||||||||||
| 25,481 | ||||||||||||||
| MINING – 5.2% | ||||||||||||||
| Arconic Corp.(1) | 6.00 | 05/15/25 | 10,000 | 9,927 | ||||||||||
| Arconic Corp.(1) | 6.13 | 02/15/28 | 10,000 | 9,393 | ||||||||||
| Coeur Mining, Inc.(1) | 5.13 | 02/15/29 | 5,000 | 3,858 | ||||||||||
| Compass Minerals International, Inc.(1) | 6.75 | 12/01/27 | 10,000 | 9,422 | ||||||||||
| Constellium SE(1) | 3.75 | 04/15/29 | 15,000 | 11,749 | ||||||||||
| FMG Resources August 2006 Pty Ltd.(1) | 4.38 | 04/01/31 | 20,000 | 15,934 | ||||||||||
| FMG Resources August 2006 Pty Ltd.(1) | 4.50 | 09/15/27 | 10,000 | 8,973 | ||||||||||
| FMG Resources August 2006 Pty Ltd.(1) | 5.13 | 05/15/24 | 10,000 | 9,775 | ||||||||||
| FMG Resources August 2006 Pty Ltd.(1) | 5.88 | 04/15/30 | 10,000 | 8,995 | ||||||||||
| FMG Resources August 2006 Pty Ltd.(1) | 6.13 | 04/15/32 | 10,000 | 8,794 | ||||||||||
| Hecla Mining Co. | 7.25 | 02/15/28 | 10,000 | 9,501 | ||||||||||
| Hudbay Minerals, Inc.(1) | 4.50 | 04/01/26 | 5,000 | 4,399 | ||||||||||
| Hudbay Minerals, Inc.(1) | 6.13 | 04/01/29 | 10,000 | 8,303 | ||||||||||
| IAMGOLD Corp.(1) | 5.75 | 10/15/28 | 10,000 | 6,715 | ||||||||||
| JW Aluminum Continuous Cast Co.(1) | 10.25 | 06/01/26 | 5,000 | 5,148 | ||||||||||
| Kaiser Aluminum Corp.(1) | 4.50 | 06/01/31 | 15,000 | 11,790 | ||||||||||
| New Gold, Inc.(1) | 7.50 | 07/15/27 | 5,000 | 4,271 | ||||||||||
| Novelis Corp.(1) | 3.25 | 11/15/26 | 10,000 | 8,778 | ||||||||||
| Novelis Corp.(1) | 3.88 | 08/15/31 | 15,000 | 11,657 | ||||||||||
| Novelis Corp.(1) | 4.75 | 01/30/30 | 15,000 | 12,772 | ||||||||||
| Taseko Mines Ltd.(1) | 7.00 | 02/15/26 | 5,000 | 4,168 | ||||||||||
| 184,322 | ||||||||||||||
| MISCELLANEOUS MANUFACTURER – 1.7% | ||||||||||||||
| Amsted Industries, Inc.(1) | 5.63 | 07/01/27 | 15,000 | 13,896 | ||||||||||
| FXI Holdings, Inc.(1) | 12.25 | 11/15/26 | 20,000 | 17,394 | ||||||||||
| Hillenbrand, Inc. | 5.75 | 06/15/25 | 10,000 | 9,938 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| MISCELLANEOUS MANUFACTURER – 1.7% (Continued) | ||||||||||||||
| LSB Industries, Inc.(1) | 6.25 | 10/15/28 | $ | 10,000 | $ | 9,102 | ||||||||
| Trinity Industries, Inc. | 4.55 | 10/01/24 | 10,000 | 9,495 | ||||||||||
| 59,825 | ||||||||||||||
| OFFICE FURNISHINGS – 0.5% | ||||||||||||||
| Interface, Inc.(1) | 5.50 | 12/01/28 | 10,000 | 7,906 | ||||||||||
| Steelcase, Inc. | 5.13 | 01/18/29 | 10,000 | 8,767 | ||||||||||
| 16,673 | ||||||||||||||
| OFFICE/BUSINESS EQUIPMENT – 0.2% | ||||||||||||||
| Pitney Bowes, Inc.(1) | 6.88 | 03/15/27 | 10,000 | 6,429 | ||||||||||
| PACKAGING & CONTAINERS – 10.1% | ||||||||||||||
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(1) | 3.25 | 09/01/28 | 10,000 | 8,225 | ||||||||||
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(1) | 4.00 | 09/01/29 | 10,000 | 7,612 | ||||||||||
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(1) | 6.00 | 06/15/27 | 10,000 | 9,611 | ||||||||||
| Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1) | 4.13 | 08/15/26 | 10,000 | 8,620 | ||||||||||
| Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1) | 5.25 | 04/30/25 | 20,000 | 18,904 | ||||||||||
| Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1) | 5.25 | 08/15/27 | 10,000 | 7,045 | ||||||||||
| Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1) | 5.25 | 08/15/27 | 10,000 | 7,045 | ||||||||||
| Ball Corp. | 2.88 | 08/15/30 | 20,000 | 15,566 | ||||||||||
| Ball Corp. | 3.13 | 09/15/31 | 10,000 | 7,684 | ||||||||||
| Ball Corp. | 4.00 | 11/15/23 | 15,000 | 14,707 | ||||||||||
| Ball Corp. | 5.25 | 07/01/25 | 20,000 | 19,785 | ||||||||||
| Berry Global, Inc.(1) | 5.63 | 07/15/27 | 10,000 | 9,498 | ||||||||||
| Cascades, Inc./Cascades USA, Inc.(1) | 5.38 | 01/15/28 | 10,000 | 8,568 | ||||||||||
| Clydesdale Acquisition Holdings, Inc.(1) | 6.63 | 04/15/29 | 10,000 | 9,507 | ||||||||||
| Clydesdale Acquisition Holdings, Inc.(1) | 8.75 | 04/15/30 | 10,000 | 8,811 | ||||||||||
| Crown Americas LLC(1) | 5.25 | 04/01/30 | 10,000 | 9,163 | ||||||||||
| Crown Americas LLC/Crown Americas Capital Corp. V | 4.25 | 09/30/26 | 15,000 | 13,880 | ||||||||||
| Graham Packaging Co., Inc.(1) | 7.13 | 08/15/28 | 10,000 | 8,211 | ||||||||||
| Graphic Packaging International LLC(1) | 3.75 | 02/01/30 | 10,000 | 8,611 | ||||||||||
| Graphic Packaging International LLC(1) | 4.75 | 07/15/27 | 15,000 | 13,828 | ||||||||||
| Intelligent Packaging Ltd. FinCo., Inc./Intelligent Packaging Ltd. Co.-Issuer LLC(1) | 6.00 | 09/15/28 | 10,000 | 7,464 | ||||||||||
| Mauser Packaging Solutions Holding Co.(1) | 5.50 | 04/15/24 | 15,000 | 14,728 | ||||||||||
| Mauser Packaging Solutions Holding Co.(1) | 7.25 | 04/15/25 | 20,000 | 18,032 | ||||||||||
| OI European Group BV(1) | 4.75 | 02/15/30 | 10,000 | 8,414 | ||||||||||
| Owens-Brockway Glass Container, Inc.(1) | 6.63 | 05/13/27 | 10,000 | 9,569 | ||||||||||
| Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC(1) | 4.00 | 10/15/27 | 25,000 | 22,190 | ||||||||||
| Sealed Air Corp.(1) | 4.00 | 12/01/27 | 10,000 | 8,923 | ||||||||||
| Sealed Air Corp.(1) | 5.00 | 04/15/29 | 5,000 | 4,568 | ||||||||||
| Sealed Air Corp.(1) | 5.50 | 09/15/25 | 10,000 | 9,813 | ||||||||||
| Silgan Holdings, Inc. | 4.13 | 02/01/28 | 10,000 | 9,176 | ||||||||||
| Trident TPI Holdings, Inc.(1) | 9.25 | 08/01/24 | 5,000 | 4,670 | ||||||||||
| TriMas Corp.(1) | 4.13 | 04/15/29 | 5,000 | 4,302 | ||||||||||
| Trivium Packaging Finance BV(1) | 5.50 | 08/15/26 | 15,000 | 13,831 | ||||||||||
| Trivium Packaging Finance BV(1) | 8.50 | 08/15/27 | 10,000 | 9,427 | ||||||||||
| 359,988 | ||||||||||||||
The accompanying notes are an integral part of these financial statements.
35
BONDBLOXX ETF TRUST
BondBloxx USD High Yield Bond Industrial Sector ETF
Portfolio of Investments (Continued)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| RETAIL – 3.2% | ||||||||||||||
| Beacon Roofing Supply, Inc.(1) | 4.13 | 05/15/29 | $ | 10,000 | $ | 8,287 | ||||||||
| BlueLinx Holdings, Inc.(1) | 6.00 | 11/15/29 | 5,000 | 4,083 | ||||||||||
| Foundation Building Materials, Inc.(1) | 6.00 | 03/01/29 | 5,000 | 3,462 | ||||||||||
| LBM Acquisition LLC(1) | 6.25 | 01/15/29 | 10,000 | 7,019 | ||||||||||
| Park River Holdings, Inc.(1) | 5.63 | 02/01/29 | 10,000 | 6,365 | ||||||||||
| Patrick Industries, Inc.(1) | 4.75 | 05/01/29 | 10,000 | 7,566 | ||||||||||
| Specialty Building Products Holdings LLC/SBP Finance Corp.(1) | 6.38 | 09/30/26 | 10,000 | 8,057 | ||||||||||
| SRS Distribution, Inc.(1) | 4.63 | 07/01/28 | 20,000 | 17,605 | ||||||||||
| SRS Distribution, Inc.(1) | 6.00 | 12/01/29 | 10,000 | 8,177 | ||||||||||
| Staples, Inc.(1) | 7.50 | 04/15/26 | 30,000 | 26,116 | ||||||||||
| Staples, Inc.(1) | 10.75 | 04/15/27 | 10,000 | 7,303 | ||||||||||
| White Capital Buyer LLC(1) | 6.88 | 10/15/28 | 10,000 | 8,499 | ||||||||||
| 112,539 | ||||||||||||||
| SOFTWARE – 1.1% | ||||||||||||||
| Camelot Finance SA(1) | 4.50 | 11/01/26 | 10,000 | 9,366 | ||||||||||
| Clarivate Science Holdings Corp.(1) | 3.88 | 07/01/28 | 15,000 | 12,899 | ||||||||||
| Clarivate Science Holdings Corp.(1) | 4.88 | 07/01/29 | 10,000 | 8,357 | ||||||||||
| Dun & Bradstreet Corp.(1) | 5.00 | 12/15/29 | 10,000 | 8,497 | ||||||||||
| 39,119 | ||||||||||||||
| TRANSPORTATION – 0.9% | ||||||||||||||
| Carriage Purchaser, Inc.(1) | 7.88 | 10/15/29 | 5,000 | 3,730 | ||||||||||
| First Student Bidco, Inc./First Transit Parent, Inc.(1) | 4.00 | 07/31/29 | 10,000 | 8,150 | ||||||||||
| Watco Cos LLC/Watco Finance Corp.(1) | 6.50 | 06/15/27 | 10,000 | 9,434 | ||||||||||
| XPO Logistics, Inc.(1) | 6.25 | 05/01/25 | 10,000 | 10,115 | ||||||||||
| 31,429 | ||||||||||||||
| TOTAL CORPORATE BONDS (Cost - $3,869,621) | 3,454,290 | |||||||||||||
| SHORT-TERM INVESTMENTS – 1.6% | ||||||||||||||
| TIME DEPOSITS – 1.6% | ||||||||||||||
| Sumitomo, Tokyo | 2.43 | 11/01/22 | 58,426 | 58,426 | ||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $58,426) | 58,426 | |||||||||||||
| TOTAL INVESTMENTS – 98.3% (Cost - $3,928,047) | $ | 3,512,716 | ||||||||||||
| OTHER ASSETS LESS LIABILITIES – 1.7% | 62,010 | |||||||||||||
| NET ASSETS – 100.0% | $ | 3,574,726 | ||||||||||||
| (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 October 31, 2022, amounts to $2,829,824 and represents 79.2% 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.
36
BONDBLOXX ETF TRUST
BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF
Portfolio of Investments
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| CORPORATE BONDS – 98.1% | ||||||||||||||
| ADVERTISING – 2.9% | ||||||||||||||
| Advantage Sales & Marketing, Inc.(1) | 6.50 | 11/15/28 | $ | 10,000 | $ | 8,532 | ||||||||
| Clear Channel Outdoor Holdings, Inc.(1) | 5.13 | 08/15/27 | 20,000 | 18,037 | ||||||||||
| Clear Channel Outdoor Holdings, Inc.(1) | 7.75 | 04/15/28 | 30,000 | 24,546 | ||||||||||
| CMG Media Corp.(1) | 8.88 | 12/15/27 | 10,000 | 8,502 | ||||||||||
| Lamar Media Corp. | 3.63 | 01/15/31 | 15,000 | 12,251 | ||||||||||
| Lamar Media Corp. | 3.75 | 02/15/28 | 15,000 | 13,202 | ||||||||||
| National CineMedia LLC(1) | 5.88 | 04/15/28 | 5,000 | 2,017 | ||||||||||
| Stagwell Global LLC(1) | 5.63 | 08/15/29 | 15,000 | 12,975 | ||||||||||
| 100,062 | ||||||||||||||
| AUTO PARTS & EQUIPMENT – 1.3% | ||||||||||||||
| Clarios Global LP/Clarios US Finance Co.(1) | 6.25 | 05/15/26 | 25,000 | 24,246 | ||||||||||
| Clarios Global LP/Clarios US Finance Co.(1) | 8.50 | 05/15/27 | 20,000 | 19,634 | ||||||||||
| 43,880 | ||||||||||||||
| COMMERCIAL SERVICES – 0.3% | ||||||||||||||
| Cimpress PLC(1) | 7.00 | 06/15/26 | 5,000 | 2,998 | ||||||||||
| Deluxe Corp.(1) | 8.00 | 06/01/29 | 10,000 | 8,356 | ||||||||||
| 11,354 | ||||||||||||||
| COMPUTERS – 5.1% | ||||||||||||||
| Ahead DB Holdings LLC(1) | 6.63 | 05/01/28 | 5,000 | 4,068 | ||||||||||
| Booz Allen Hamilton, Inc.(1) | 3.88 | 09/01/28 | 15,000 | 13,244 | ||||||||||
| Condor Merger Sub, Inc.(1) | 7.38 | 02/15/30 | 25,000 | 20,718 | ||||||||||
| Crowdstrike Holdings, Inc. | 3.00 | 02/15/29 | 10,000 | 8,454 | ||||||||||
| NCR Corp.(1) | 5.13 | 04/15/29 | 25,000 | 21,036 | ||||||||||
| NCR Corp.(1) | 5.25 | 10/01/30 | 10,000 | 8,092 | ||||||||||
| NCR Corp.(1) | 5.75 | 09/01/27 | 10,000 | 9,665 | ||||||||||
| Presidio Holdings, Inc.(1) | 4.88 | 02/01/27 | 10,000 | 9,247 | ||||||||||
| Presidio Holdings, Inc.(1) | 8.25 | 02/01/28 | 5,000 | 4,457 | ||||||||||
| Seagate HDD Cayman | 4.09 | 06/01/29 | 15,000 | 12,035 | ||||||||||
| Seagate HDD Cayman | 4.13 | 01/15/31 | 10,000 | 7,534 | ||||||||||
| Seagate HDD Cayman | 4.88 | 03/01/24 | 15,000 | 14,642 | ||||||||||
| Seagate HDD Cayman | 4.88 | 06/01/27 | 10,000 | 9,261 | ||||||||||
| Seagate HDD Cayman | 5.75 | 12/01/34 | 10,000 | 8,146 | ||||||||||
| Unisys Corp.(1) | 6.88 | 11/01/27 | 10,000 | 8,382 | ||||||||||
| Vericast Corp.(1) | 11.00 | 09/15/26 | 15,000 | 14,775 | ||||||||||
| Virtusa Corp.(1) | 7.13 | 12/15/28 | 5,000 | 3,594 | ||||||||||
| 177,350 | ||||||||||||||
| ELECTRONICS – 2.9% | ||||||||||||||
| Coherent Corp.(1) | 5.00 | 12/15/29 | 15,000 | 12,905 | ||||||||||
| Imola Merger Corp.(1) | 4.75 | 05/15/29 | 30,000 | 25,918 | ||||||||||
| Sensata Technologies BV(1) | 4.00 | 04/15/29 | 20,000 | 16,876 | ||||||||||
| Sensata Technologies BV(1) | 5.00 | 10/01/25 | 20,000 | 19,423 | ||||||||||
| Sensata Technologies BV(1) | 5.88 | 09/01/30 | 10,000 | 9,515 | ||||||||||
| Sensata Technologies, Inc.(1) | 3.75 | 02/15/31 | 10,000 | 7,986 | ||||||||||
| TTM Technologies, Inc.(1) | 4.00 | 03/01/29 | 10,000 | 8,366 | ||||||||||
| 100,989 | ||||||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| ENGINEERING & CONSTRUCTION – 0.5% | ||||||||||||||
| Cellnex Finance Co. SA(1) | 3.88 | 07/07/41 | $ | 5,000 | $ | 3,072 | ||||||||
| HTA Group Ltd./Mauritius(1) | 7.00 | 12/18/25 | 15,000 | 13,237 | ||||||||||
| 16,309 | ||||||||||||||
| ENTERTAINMENT – 1.1% | ||||||||||||||
| Allen Media LLC/Allen Media Co.-Issuer, Inc.(1) | 10.50 | 02/15/28 | 10,000 | 4,077 | ||||||||||
| Lions Gate Capital Holdings LLC(1) | 5.50 | 04/15/29 | 15,000 | 11,422 | ||||||||||
| WMG Acquisition Corp.(1) | 3.00 | 02/15/31 | 10,000 | 7,824 | ||||||||||
| WMG Acquisition Corp.(1) | 3.75 | 12/01/29 | 20,000 | 16,679 | ||||||||||
| 40,002 | ||||||||||||||
| INTERNET – 5.5% | ||||||||||||||
| ANGI Group LLC(1) | 3.88 | 08/15/28 | 10,000 | 7,340 | ||||||||||
| Arches Buyer, Inc.(1) | 4.25 | 06/01/28 | 20,000 | 16,454 | ||||||||||
| Cablevision Lightpath LLC(1) | 3.88 | 09/15/27 | 10,000 | 8,515 | ||||||||||
| Cars.com, Inc.(1) | 6.38 | 11/01/28 | 10,000 | 8,680 | ||||||||||
| Cogent Communications Group, Inc.(1) | 3.50 | 05/01/26 | 10,000 | 9,040 | ||||||||||
| Endurance International Group Holdings, Inc.(1) | 6.00 | 02/15/29 | 10,000 | 6,700 | ||||||||||
| Go Daddy Operating Co. LLC/GD Finance Co., Inc.(1) | 3.50 | 03/01/29 | 10,000 | 8,319 | ||||||||||
| Go Daddy Operating Co. LLC/GD Finance Co., Inc.(1) | 5.25 | 12/01/27 | 10,000 | 9,381 | ||||||||||
| ION Trading Technologies Sarl(1) | 5.75 | 05/15/28 | 10,000 | 8,060 | ||||||||||
| Match Group Holdings II LLC(1) | 3.63 | 10/01/31 | 15,000 | 11,455 | ||||||||||
| Match Group Holdings II LLC(1) | 4.63 | 06/01/28 | 15,000 | 13,358 | ||||||||||
| Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.(1) | 6.00 | 02/15/28 | 10,000 | 7,860 | ||||||||||
| NortonLifeLock, Inc.(1) | 5.00 | 04/15/25 | 15,000 | 14,590 | ||||||||||
| NortonLifeLock, Inc.(1) | 6.75 | 09/30/27 | 20,000 | 19,744 | ||||||||||
| TripAdvisor, Inc.(1) | 7.00 | 07/15/25 | 10,000 | 9,897 | ||||||||||
| Twitter, Inc.(1) | 3.88 | 12/15/27 | 10,000 | 10,103 | ||||||||||
| Twitter, Inc.(1) | 5.00 | 03/01/30 | 15,000 | 15,106 | ||||||||||
| Ziff Davis, Inc.(1) | 4.63 | 10/15/30 | 10,000 | 8,466 | ||||||||||
| 193,068 | ||||||||||||||
| MACHINERY-CONSTRUCTION & MINING – 0.2% | ||||||||||||||
| Vertiv Group Corp.(1) | 4.13 | 11/15/28 | 10,000 | 8,723 | ||||||||||
| MEDIA – 39.8% | ||||||||||||||
| Altice Financing SA(1) | 5.75 | 08/15/29 | 45,000 | 35,432 | ||||||||||
| AMC Networks, Inc. | 4.25 | 02/15/29 | 15,000 | 11,618 | ||||||||||
| AMC Networks, Inc. | 4.75 | 08/01/25 | 15,000 | 13,745 | ||||||||||
| Audacy Capital Corp.(1) | 6.75 | 03/31/29 | 15,000 | 4,289 | ||||||||||
| Cable One, Inc.(1) | 4.00 | 11/15/30 | 10,000 | 8,161 | ||||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 4.25 | 02/01/31 | 40,000 | 31,666 | ||||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 4.25 | 01/15/34 | 25,000 | 18,415 | ||||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 4.50 | 08/15/30 | 35,000 | 28,465 | ||||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp. | 4.50 | 05/01/32 | 35,000 | 27,710 | ||||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 4.50 | 06/01/33 | 25,000 | 19,006 | ||||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 4.75 | 03/01/30 | 40,000 | 33,687 | ||||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 4.75 | 02/01/32 | 20,000 | 16,048 | ||||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 5.00 | 02/01/28 | 35,000 | 31,736 | ||||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 5.13 | 05/01/27 | 45,000 | 41,768 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| MEDIA – 39.8% (Continued) | ||||||||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 5.38 | 06/01/29 | $ | 25,000 | $ | 22,375 | ||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 5.50 | 05/01/26 | 15,000 | 14,458 | ||||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 6.38 | 09/01/29 | 20,000 | 18,462 | ||||||||||
| CSC Holdings LLC(1) | 3.38 | 02/15/31 | 15,000 | 10,905 | ||||||||||
| CSC Holdings LLC(1) | 4.13 | 12/01/30 | 15,000 | 11,838 | ||||||||||
| CSC Holdings LLC(1) | 4.50 | 11/15/31 | 30,000 | 23,405 | ||||||||||
| CSC Holdings LLC(1) | 4.63 | 12/01/30 | 35,000 | 25,258 | ||||||||||
| CSC Holdings LLC | 5.25 | 06/01/24 | 15,000 | 14,566 | ||||||||||
| CSC Holdings LLC(1) | 5.50 | 04/15/27 | 20,000 | 18,798 | ||||||||||
| CSC Holdings LLC(1) | 5.75 | 01/15/30 | 35,000 | 26,843 | ||||||||||
| CSC Holdings LLC(1) | 6.50 | 02/01/29 | 20,000 | 18,882 | ||||||||||
| CSC Holdings LLC(1) | 7.50 | 04/01/28 | 20,000 | 17,365 | ||||||||||
| Cumulus Media New Holdings, Inc.(1) | 6.75 | 07/01/26 | 10,000 | 8,474 | ||||||||||
| Diamond Sports Group LLC/Diamond Sports Finance Co. | 5.38 | 08/15/26 | 39,000 | 7,849 | ||||||||||
| Diamond Sports Group LLC/Diamond Sports Finance Co.(1) | 6.63 | 08/15/27 | 20,000 | 1,050 | ||||||||||
| DIRECTV Financing LLC/DIRECTV Financing Co.-Obligor, Inc.(1) | 5.88 | 08/15/27 | 50,000 | 45,123 | ||||||||||
| DISH DBS Corp. | 5.13 | 06/01/29 | 20,000 | 13,483 | ||||||||||
| DISH DBS Corp.(1) | 5.25 | 12/01/26 | 40,000 | 34,825 | ||||||||||
| DISH DBS Corp.(1) | 5.75 | 12/01/28 | 40,000 | 32,325 | ||||||||||
| DISH DBS Corp. | 5.88 | 11/15/24 | 30,000 | 27,702 | ||||||||||
| DISH DBS Corp. | 7.38 | 07/01/28 | 15,000 | 11,397 | ||||||||||
| DISH DBS Corp. | 7.75 | 07/01/26 | 25,000 | 21,141 | ||||||||||
| Gannett Holdings LLC(1) | 6.00 | 11/01/26 | 5,000 | 3,748 | ||||||||||
| GCI LLC(1) | 4.75 | 10/15/28 | 10,000 | 8,441 | ||||||||||
| Gray Escrow II, Inc.(1) | 5.38 | 11/15/31 | 15,000 | 12,058 | ||||||||||
| Gray Television, Inc.(1) | 4.75 | 10/15/30 | 15,000 | 11,886 | ||||||||||
| Gray Television, Inc.(1) | 5.88 | 07/15/26 | 20,000 | 18,899 | ||||||||||
| iHeartCommunications, Inc.(1) | 5.25 | 08/15/27 | 20,000 | 18,256 | ||||||||||
| iHeartCommunications, Inc. | 8.38 | 05/01/27 | 30,000 | 27,001 | ||||||||||
| LCPR Senior Secured Financing DAC(1) | 6.75 | 10/15/27 | 30,000 | 28,012 | ||||||||||
| McGraw-Hill Education, Inc.(1) | 5.75 | 08/01/28 | 20,000 | 17,664 | ||||||||||
| News Corp.(1) | 3.88 | 05/15/29 | 10,000 | 8,621 | ||||||||||
| News Corp.(1) | 5.13 | 02/15/32 | 10,000 | 8,941 | ||||||||||
| Nexstar Media, Inc.(1) | 5.63 | 07/15/27 | 35,000 | 33,121 | ||||||||||
| Paramount Global | 6.25 | 02/28/57 | 10,000 | 8,403 | ||||||||||
| Paramount Global | 6.38 | 03/30/62 | 15,000 | 12,715 | ||||||||||
| Radiate Holdco LLC/Radiate Finance, Inc.(1) | 4.50 | 09/15/26 | 15,000 | 12,705 | ||||||||||
| Radiate Holdco LLC/Radiate Finance, Inc.(1) | 6.50 | 09/15/28 | 15,000 | 9,486 | ||||||||||
| Scripps Escrow II, Inc.(1) | 5.38 | 01/15/31 | 15,000 | 12,207 | ||||||||||
| Scripps Escrow, Inc.(1) | 5.88 | 07/15/27 | 10,000 | 9,073 | ||||||||||
| Sinclair Television Group, Inc.(1) | 4.13 | 12/01/30 | 15,000 | 11,588 | ||||||||||
| Sinclair Television Group, Inc.(1) | 5.13 | 02/15/27 | 10,000 | 8,418 | ||||||||||
| Sirius XM Radio, Inc.(1) | 3.13 | 09/01/26 | 20,000 | 17,915 | ||||||||||
| Sirius XM Radio, Inc.(1) | 3.88 | 09/01/31 | 20,000 | 16,039 | ||||||||||
| Sirius XM Radio, Inc.(1) | 4.00 | 07/15/28 | 25,000 | 21,532 | ||||||||||
| Sirius XM Radio, Inc.(1) | 4.13 | 07/01/30 | 20,000 | 16,402 | ||||||||||
| Sirius XM Radio, Inc.(1) | 5.00 | 08/01/27 | 20,000 | 18,440 | ||||||||||
| Sirius XM Radio, Inc.(1) | 5.50 | 07/01/29 | 15,000 | 13,857 | ||||||||||
| Spanish Broadcasting System, Inc.(1) | 9.75 | 03/01/26 | 5,000 | 3,080 | ||||||||||
| TEGNA, Inc.(1) | 4.75 | 03/15/26 | 15,000 | 14,598 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| MEDIA – 39.8% (Continued) | ||||||||||||||
| TEGNA, Inc. | 5.00 | 09/15/29 | $ | 20,000 | $ | 18,989 | ||||||||
| Townsquare Media, Inc.(1) | 6.88 | 02/01/26 | 10,000 | 9,460 | ||||||||||
| Univision Communications, Inc.(1) | 4.50 | 05/01/29 | 15,000 | 12,663 | ||||||||||
| Univision Communications, Inc.(1) | 5.13 | 02/15/25 | 25,000 | 24,198 | ||||||||||
| Univision Communications, Inc.(1) | 6.63 | 06/01/27 | 20,000 | 19,791 | ||||||||||
| Univision Communications, Inc.(1) | 7.38 | 06/30/30 | 10,000 | 9,687 | ||||||||||
| UPC Broadband FinCo. BV(1) | 4.88 | 07/15/31 | 20,000 | 16,844 | ||||||||||
| Urban One, Inc.(1) | 7.38 | 02/01/28 | 10,000 | 8,762 | ||||||||||
| Videotron Ltd.(1) | 3.63 | 06/15/29 | 10,000 | 8,436 | ||||||||||
| Videotron Ltd.(1) | 5.38 | 06/15/24 | 15,000 | 14,936 | ||||||||||
| Virgin Media Finance PLC(1) | 5.00 | 07/15/30 | 25,000 | 20,081 | ||||||||||
| Virgin Media Secured Finance PLC(1) | 5.50 | 05/15/29 | 30,000 | 27,318 | ||||||||||
| VZ Secured Financing BV(1) | 5.00 | 01/15/32 | 25,000 | 19,967 | ||||||||||
| Ziggo Bond Co. BV(1) | 6.00 | 01/15/27 | 10,000 | 9,021 | ||||||||||
| Ziggo BV(1) | 4.88 | 01/15/30 | 15,000 | 12,628 | ||||||||||
| 1,384,157 | ||||||||||||||
| OFFICE/BUSINESS EQUIPMENT – 0.7% | ||||||||||||||
| Xerox Corp. | 4.80 | 03/01/35 | 10,000 | 6,193 | ||||||||||
| Xerox Holdings Corp.(1) | 5.00 | 08/15/25 | 10,000 | 9,052 | ||||||||||
| Xerox Holdings Corp.(1) | 5.50 | 08/15/28 | 10,000 | 7,929 | ||||||||||
| 23,174 | ||||||||||||||
| PACKAGING & CONTAINERS – 0.5% | ||||||||||||||
| LABL, Inc.(1) | 5.88 | 11/01/28 | 20,000 | 17,411 | ||||||||||
| SEMICONDUCTORS – 1.2% | ||||||||||||||
| Amkor Technology, Inc.(1) | 6.63 | 09/15/27 | 10,000 | 9,886 | ||||||||||
| Entegris Escrow Corp.(1) | 5.95 | 06/15/30 | 15,000 | 13,724 | ||||||||||
| Entegris, Inc.(1) | 3.63 | 05/01/29 | 10,000 | 8,173 | ||||||||||
| ON Semiconductor Corp.(1) | 3.88 | 09/01/28 | 10,000 | 8,836 | ||||||||||
| 40,619 | ||||||||||||||
| SOFTWARE – 7.6% | ||||||||||||||
| Boxer Parent Co., Inc.(1) | 7.13 | 10/02/25 | 15,000 | 14,772 | ||||||||||
| Central Parent, Inc./CDK Global, Inc.(1) | 7.25 | 06/15/29 | 10,000 | 9,581 | ||||||||||
| Elastic NV(1) | 4.13 | 07/15/29 | 10,000 | 8,373 | ||||||||||
| Fair Isaac Corp.(1) | 4.00 | 06/15/28 | 15,000 | 13,612 | ||||||||||
| MicroStrategy, Inc.(1) | 6.13 | 06/15/28 | 10,000 | 8,583 | ||||||||||
| Open Text Corp.(1) | 3.88 | 12/01/29 | 25,000 | 19,870 | ||||||||||
| Open Text Holdings, Inc.(1) | 4.13 | 02/15/30 | 20,000 | 15,972 | ||||||||||
| Picard Midco, Inc.(1) | 6.50 | 03/31/29 | 60,000 | 52,130 | ||||||||||
| Playtika Holding Corp.(1) | 4.25 | 03/15/29 | 10,000 | 8,347 | ||||||||||
| PTC, Inc.(1) | 3.63 | 02/15/25 | 15,000 | 14,316 | ||||||||||
| Rackspace Technology Global, Inc.(1) | 3.50 | 02/15/28 | 10,000 | 6,622 | ||||||||||
| Rackspace Technology Global, Inc.(1) | 5.38 | 12/01/28 | 7,000 | 2,956 | ||||||||||
| ROBLOX Corp.(1) | 3.88 | 05/01/30 | 15,000 | 12,400 | ||||||||||
| Rocket Software, Inc.(1) | 6.50 | 02/15/29 | 10,000 | 8,007 | ||||||||||
| Skillz, Inc.(1) | 10.25 | 12/15/26 | 5,000 | 3,425 | ||||||||||
| SS&C Technologies, Inc.(1) | 5.50 | 09/30/27 | 30,000 | 27,946 | ||||||||||
| Twilio, Inc. | 3.63 | 03/15/29 | 7,000 | 5,791 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| SOFTWARE – 7.6% (Continued) | ||||||||||||||
| Twilio, Inc. | 3.88 | 03/15/31 | $ | 5,000 | $ | 4,086 | ||||||||
| Veritas US, Inc./Veritas Bermuda Ltd.(1) | 7.50 | 09/01/25 | 25,000 | 21,093 | ||||||||||
| ZoomInfo Technologies LLC/ZoomInfo Finance Corp.(1) | 3.88 | 02/01/29 | 10,000 | 8,373 | ||||||||||
| 266,255 | ||||||||||||||
| TELECOMMUNICATIONS – 28.5% | ||||||||||||||
| Altice France Holding SA(1) | 6.00 | 02/15/28 | 20,000 | 12,982 | ||||||||||
| Altice France Holding SA(1) | 10.50 | 05/15/27 | 20,000 | 15,629 | ||||||||||
| Altice France SA/France(1) | 5.13 | 07/15/29 | 35,000 | 26,425 | ||||||||||
| Altice France SA/France(1) | 5.50 | 01/15/28 | 20,000 | 15,854 | ||||||||||
| Altice France SA/France(1) | 5.50 | 10/15/29 | 25,000 | 19,111 | ||||||||||
| Altice France SA/France(1) | 8.13 | 02/01/27 | 25,000 | 22,925 | ||||||||||
| Avaya, Inc.(1) | 6.13 | 09/15/28 | 15,000 | 6,339 | ||||||||||
| British Telecommunications PLC(1) | 4.88 | 11/23/81 | 10,000 | 7,936 | ||||||||||
| C&W Senior Financing DAC(1) | 6.88 | 09/15/27 | 25,000 | 21,741 | ||||||||||
| CommScope Technologies LLC(1) | 5.00 | 03/15/27 | 15,000 | 12,184 | ||||||||||
| CommScope Technologies LLC(1) | 6.00 | 06/15/25 | 20,000 | 18,697 | ||||||||||
| CommScope, Inc.(1) | 4.75 | 09/01/29 | 20,000 | 16,942 | ||||||||||
| CommScope, Inc.(1) | 6.00 | 03/01/26 | 20,000 | 19,327 | ||||||||||
| CommScope, Inc.(1) | 8.25 | 03/01/27 | 15,000 | 13,340 | ||||||||||
| Connect FinCo. Sarl/Connect US FinCo. LLC(1) | 6.75 | 10/01/26 | 30,000 | 28,249 | ||||||||||
| Consolidated Communications, Inc.(1) | 6.50 | 10/01/28 | 15,000 | 12,304 | ||||||||||
| Embarq Corp. | 8.00 | 06/01/36 | 20,000 | 8,096 | ||||||||||
| Frontier Communications Holdings LLC(1) | 5.00 | 05/01/28 | 40,000 | 35,075 | ||||||||||
| Frontier Communications Holdings LLC(1) | 5.88 | 10/15/27 | �� | 20,000 | 18,425 | |||||||||
| Frontier Communications Holdings LLC(1) | 6.00 | 01/15/30 | 25,000 | 19,608 | ||||||||||
| Frontier Communications Holdings LLC(1) | 8.75 | 05/15/30 | 15,000 | 15,343 | ||||||||||
| GoTo Group, Inc.(1) | 5.50 | 09/01/27 | 15,000 | 8,738 | ||||||||||
| Hughes Satellite Systems Corp. | 6.63 | 08/01/26 | 20,000 | 18,893 | ||||||||||
| Iliad Holding SASU(1) | 6.50 | 10/15/26 | 30,000 | 27,831 | ||||||||||
| Intelsat Jackson Holdings SA(1) | 6.50 | 03/15/30 | 40,000 | 36,810 | ||||||||||
| Level 3 Financing, Inc.(1) | 3.75 | 07/15/29 | 25,000 | 19,061 | ||||||||||
| Level 3 Financing, Inc.(1) | 4.25 | 07/01/28 | 25,000 | 20,693 | ||||||||||
| Level 3 Financing, Inc.(1) | 4.63 | 09/15/27 | 20,000 | 17,403 | ||||||||||
| Lumen Technologies, Inc.(1) | 4.00 | 02/15/27 | 25,000 | 21,293 | ||||||||||
| Lumen Technologies, Inc.(1) | 4.50 | 01/15/29 | 15,000 | 10,617 | ||||||||||
| Lumen Technologies, Inc.(1) | 5.38 | 06/15/29 | 15,000 | 11,041 | ||||||||||
| Lumen Technologies, Inc. | 7.60 | 09/15/39 | 15,000 | 10,072 | ||||||||||
| Millicom International Cellular SA(1) | 4.50 | 04/27/31 | 10,000 | 7,521 | ||||||||||
| Millicom International Cellular SA(1) | 6.25 | 03/25/29 | 13,500 | 11,845 | ||||||||||
| Nokia OYJ | 6.63 | 05/15/39 | 10,000 | 9,136 | ||||||||||
| Sprint Capital Corp. | 6.88 | 11/15/28 | 35,000 | 36,172 | ||||||||||
| Sprint Capital Corp. | 8.75 | 03/15/32 | 25,000 | 29,376 | ||||||||||
| Sprint Corp. | 7.13 | 06/15/24 | 35,000 | 35,430 | ||||||||||
| Sprint Corp. | 7.63 | 02/15/25 | 20,000 | 20,577 | ||||||||||
| Sprint Corp. | 7.63 | 03/01/26 | 20,000 | 20,908 | ||||||||||
| Switch Ltd.(1) | 3.75 | 09/15/28 | 15,000 | 15,187 | ||||||||||
| Telecom Italia Capital SA | 6.00 | 09/30/34 | 25,000 | 18,305 | ||||||||||
| Telecom Italia Capital SA | 7.20 | 07/18/36 | 5,000 | 3,906 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| TELECOMMUNICATIONS – 28.5% (Continued) | ||||||||||||||
| Telecom Italia Capital SA | 7.72 | 06/04/38 | $ | 25,000 | $ | 19,936 | ||||||||
| Telecom Italia SpA/Milano(1) | 5.30 | 05/30/24 | 25,000 | 23,563 | ||||||||||
| Telesat Canada/Telesat LLC(1) | 5.63 | 12/06/26 | 10,000 | 4,735 | ||||||||||
| Telesat Canada/Telesat LLC(1) | 6.50 | 10/15/27 | 10,000 | 3,501 | ||||||||||
| United States Cellular Corp. | 6.70 | 12/15/33 | 10,000 | 9,537 | ||||||||||
| Viasat, Inc.(1) | 5.63 | 09/15/25 | 10,000 | 9,245 | ||||||||||
| Viasat, Inc.(1) | 5.63 | 04/15/27 | 10,000 | 9,264 | ||||||||||
| Viavi Solutions, Inc.(1) | 3.75 | 10/01/29 | 10,000 | 8,363 | ||||||||||
| Vmed O2 UK Financing I PLC(1) | 4.25 | 01/31/31 | 15,000 | 11,956 | ||||||||||
| Vmed O2 UK Financing I PLC(1) | 4.75 | 07/15/31 | 20,000 | 16,200 | ||||||||||
| Vodafone Group PLC | 3.25 | 06/04/81 | 15,000 | 12,051 | ||||||||||
| Vodafone Group PLC | 4.13 | 06/04/81 | 15,000 | 10,676 | ||||||||||
| Vodafone Group PLC | 5.13 | 06/04/81 | 10,000 | 6,934 | ||||||||||
| Vodafone Group PLC | 7.00 | 04/04/79 | 25,000 | 23,806 | ||||||||||
| Windstream Escrow LLC/Windstream Escrow Finance Corp.(1) | 7.75 | 08/15/28 | 20,000 | 17,362 | ||||||||||
| Zayo Group Holdings, Inc.(1) | 4.00 | 03/01/27 | 20,000 | 15,487 | ||||||||||
| Zayo Group Holdings, Inc.(1) | 6.13 | 03/01/28 | 15,000 | 10,005 | ||||||||||
| 989,968 | ||||||||||||||
| TOTAL CORPORATE BONDS (Cost - $3,902,225) | 3,413,321 | |||||||||||||
| SHORT-TERM INVESTMENTS – 1.9% | ||||||||||||||
| TIME DEPOSITS – 1.9% | ||||||||||||||
| JP Morgan Chase, New York | 2.43 | 11/01/22 | 65,589 | 65,589 | ||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $65,589) | 65,589 | |||||||||||||
| TOTAL INVESTMENTS – 100.0% (Cost - $3,967,814) | $ | 3,478,910 | ||||||||||||
| OTHER LIABILITIES, LESS CASH AND OTHER ASSETS – (0.0)% | (46 | ) | ||||||||||||
| NET ASSETS – 100.0% | $ | 3,478,864 | ||||||||||||
| (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 October 31, 2022, amounts to $2,801,596 and represents 80.5% 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.
42
BONDBLOXX ETF TRUST
BondBloxx USD High Yield Bond Healthcare Sector ETF
Portfolio of Investments
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| CORPORATE BONDS – 97.7% | ||||||||||||||
| BIOTECHNOLOGY – 0.8% | ||||||||||||||
| Emergent BioSolutions, Inc.(1) | 3.88 | 08/15/28 | $ | 40,000 | $ | 24,039 | ||||||||
| Grifols Escrow Issuer SA(1) | 4.75 | 10/15/28 | 55,000 | 43,042 | ||||||||||
| 67,081 | ||||||||||||||
| COMMERCIAL SERVICES – 8.6% | ||||||||||||||
| AMN Healthcare, Inc.(1) | 4.00 | 04/15/29 | 30,000 | 25,939 | ||||||||||
| AMN Healthcare, Inc.(1) | 4.63 | 10/01/27 | 45,000 | 42,170 | ||||||||||
| Carriage Services, Inc.(1) | 4.25 | 05/15/29 | 35,000 | 26,987 | ||||||||||
| HealthEquity, Inc.(1) | 4.50 | 10/01/29 | 55,000 | 48,125 | ||||||||||
| MPH Acquisition Holdings LLC(1) | 5.50 | 09/01/28 | 130,000 | 112,584 | ||||||||||
| MPH Acquisition Holdings LLC(1) | 5.75 | 11/01/28 | 70,000 | 54,229 | ||||||||||
| Service Corp. International/US | 3.38 | 08/15/30 | 55,000 | 44,532 | ||||||||||
| Service Corp. International/US | 4.00 | 05/15/31 | 125,000 | 104,065 | ||||||||||
| Service Corp. International/US | 4.63 | 12/15/27 | 35,000 | 32,478 | ||||||||||
| Service Corp. International/US | 5.13 | 06/01/29 | 85,000 | 79,385 | ||||||||||
| StoneMor, Inc.(1) | 8.50 | 05/15/29 | 35,000 | 29,708 | ||||||||||
| Verscend Escrow Corp.(1) | 9.75 | 08/15/26 | 100,000 | 100,415 | ||||||||||
| 700,617 | ||||||||||||||
| HEALTHCARE-PRODUCTS – 11.0% | ||||||||||||||
| Avantor Funding, Inc.(1) | 3.88 | 11/01/29 | 70,000 | 59,251 | ||||||||||
| Avantor Funding, Inc.(1) | 4.63 | 07/15/28 | 145,000 | 131,310 | ||||||||||
| Garden Spinco Corp.(1) | 8.63 | 07/20/30 | 25,000 | 25,752 | ||||||||||
| Hologic, Inc.(1) | 3.25 | 02/15/29 | 80,000 | 68,154 | ||||||||||
| Hologic, Inc.(1) | 4.63 | 02/01/28 | 40,000 | 37,458 | ||||||||||
| Medline Borrower LP(1) | 3.88 | 04/01/29 | 400,000 | 327,460 | ||||||||||
| Medline Borrower LP(1) | 5.25 | 10/01/29 | 220,000 | 171,712 | ||||||||||
| Teleflex, Inc.(1) | 4.25 | 06/01/28 | 30,000 | 27,196 | ||||||||||
| Teleflex, Inc. | 4.63 | 11/15/27 | 50,000 | 47,192 | ||||||||||
| 895,485 | ||||||||||||||
| HEALTHCARE-SERVICES – 49.7% | ||||||||||||||
| Acadia Healthcare Co., Inc.(1) | 5.00 | 04/15/29 | 35,000 | 31,630 | ||||||||||
| Acadia Healthcare Co., Inc.(1) | 5.50 | 07/01/28 | 50,000 | 46,457 | ||||||||||
| AHP Health Partners, Inc.(1) | 5.75 | 07/15/29 | 30,000 | 23,028 | ||||||||||
| Air Methods Corp.(1) | 8.00 | 05/15/25 | 45,000 | 23,516 | ||||||||||
| Akumin Escrow, Inc.(1) | 7.50 | 08/01/28 | 50,000 | 36,000 | ||||||||||
| Akumin, Inc.(1) | 7.00 | 11/01/25 | 20,000 | 16,206 | ||||||||||
| Cano Health LLC(1) | 6.25 | 10/01/28 | 30,000 | 24,138 | ||||||||||
| Catalent Pharma Solutions, Inc.(1) | 3.13 | 02/15/29 | 40,000 | 32,791 | ||||||||||
| Catalent Pharma Solutions, Inc.(1) | 3.50 | 04/01/30 | 60,000 | 48,590 | ||||||||||
| Catalent Pharma Solutions, Inc.(1) | 5.00 | 07/15/27 | 50,000 | 47,098 | ||||||||||
| Charles River Laboratories International, Inc.(1) | 3.75 | 03/15/29 | 75,000 | 64,976 | ||||||||||
| Charles River Laboratories International, Inc.(1) | 4.00 | 03/15/31 | 35,000 | 29,489 | ||||||||||
| Charles River Laboratories International, Inc.(1) | 4.25 | 05/01/28 | 20,000 | 18,221 | ||||||||||
| CHS/Community Health Systems, Inc.(1) | 4.75 | 02/15/31 | 80,000 | 53,709 | ||||||||||
| CHS/Community Health Systems, Inc.(1) | 5.25 | 05/15/30 | 150,000 | 104,167 | ||||||||||
| CHS/Community Health Systems, Inc.(1) | 5.63 | 03/15/27 | 160,000 | 127,824 | ||||||||||
| CHS/Community Health Systems, Inc.(1) | 6.00 | 01/15/29 | 80,000 | 59,594 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| HEALTHCARE-SERVICES – 49.7% (Continued) | ||||||||||||||
| CHS/Community Health Systems, Inc.(1) | 6.13 | 04/01/30 | $ | 110,000 | $ | 45,372 | ||||||||
| CHS/Community Health Systems, Inc.(1) | 6.88 | 04/01/28 | 65,000 | 24,900 | ||||||||||
| CHS/Community Health Systems, Inc.(1) | 6.88 | 04/15/29 | 150,000 | 60,725 | ||||||||||
| CHS/Community Health Systems, Inc.(1) | 8.00 | 03/15/26 | 185,000 | 159,922 | ||||||||||
| CHS/Community Health Systems, Inc.(1) | 8.00 | 12/15/27 | 65,000 | 52,784 | ||||||||||
| DaVita, Inc.(1) | 3.75 | 02/15/31 | 145,000 | 105,126 | ||||||||||
| DaVita, Inc.(1) | 4.63 | 06/01/30 | 235,000 | 183,599 | ||||||||||
| Encompass Health Corp. | 4.50 | 02/01/28 | 70,000 | 62,818 | ||||||||||
| Encompass Health Corp. | 4.63 | 04/01/31 | 25,000 | 20,663 | ||||||||||
| Encompass Health Corp. | 4.75 | 02/01/30 | 75,000 | 64,103 | ||||||||||
| Encompass Health Corp. | 5.75 | 09/15/25 | 35,000 | 34,724 | ||||||||||
| Envision Healthcare Corp.(1) | 8.75 | 10/15/26 | 40,000 | 12,089 | ||||||||||
| Global Medical Response, Inc.(1) | 6.50 | 10/01/25 | 55,000 | 43,850 | ||||||||||
| Hadrian Merger Sub, Inc.(1) | 8.50 | 05/01/26 | 30,000 | 27,387 | ||||||||||
| IQVIA, Inc.(1) | 5.00 | 10/15/26 | 90,000 | 86,025 | ||||||||||
| IQVIA, Inc.(1) | 5.00 | 05/15/27 | 100,000 | 95,426 | ||||||||||
| Legacy LifePoint Health LLC(1) | 4.38 | 02/15/27 | 50,000 | 39,541 | ||||||||||
| Legacy LifePoint Health LLC(1) | 6.75 | 04/15/25 | 55,000 | 48,799 | ||||||||||
| LifePoint Health, Inc.(1) | 5.38 | 01/15/29 | 40,000 | 25,612 | ||||||||||
| ModivCare Escrow Issuer, Inc.(1) | 5.00 | 10/01/29 | 60,000 | 51,142 | ||||||||||
| ModivCare, Inc.(1) | 5.88 | 11/15/25 | 15,000 | 14,271 | ||||||||||
| Molina Healthcare, Inc.(1) | 3.88 | 11/15/30 | 55,000 | 46,867 | ||||||||||
| Molina Healthcare, Inc.(1) | 3.88 | 05/15/32 | 65,000 | 54,382 | ||||||||||
| Molina Healthcare, Inc.(1) | 4.38 | 06/15/28 | 70,000 | 62,890 | ||||||||||
| Pediatrix Medical Group, Inc.(1) | 5.38 | 02/15/30 | 35,000 | 30,150 | ||||||||||
| Prime Healthcare Services, Inc.(1) | 7.25 | 11/01/25 | 75,000 | 65,539 | ||||||||||
| Radiology Partners, Inc.(1) | 9.25 | 02/01/28 | 60,000 | 31,887 | ||||||||||
| RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.(1) | 9.75 | 12/01/26 | 120,000 | 95,924 | ||||||||||
| RP Escrow Issuer LLC(1) | 5.25 | 12/15/25 | 75,000 | 56,267 | ||||||||||
| Select Medical Corp.(1) | 6.25 | 08/15/26 | 105,000 | 100,254 | ||||||||||
| Surgery Center Holdings, Inc.(1) | 6.75 | 07/01/25 | 15,000 | 14,121 | ||||||||||
| Surgery Center Holdings, Inc.(1) | 10.00 | 04/15/27 | 65,000 | 63,178 | ||||||||||
| Syneos Health, Inc.(1) | 3.63 | 01/15/29 | 55,000 | 45,673 | ||||||||||
| Team Health Holdings, Inc.(1) | 6.38 | 02/01/25 | 55,000 | 41,645 | ||||||||||
| Tenet Healthcare Corp.(1) | 4.25 | 06/01/29 | 120,000 | 101,283 | ||||||||||
| Tenet Healthcare Corp.(1) | 4.38 | 01/15/30 | 135,000 | 113,501 | ||||||||||
| Tenet Healthcare Corp. | 4.63 | 07/15/24 | 75,000 | 73,227 | ||||||||||
| Tenet Healthcare Corp.(1) | 4.63 | 09/01/24 | 40,000 | 38,707 | ||||||||||
| Tenet Healthcare Corp.(1) | 4.63 | 06/15/28 | 65,000 | 57,189 | ||||||||||
| Tenet Healthcare Corp.(1) | 4.88 | 01/01/26 | 180,000 | 170,444 | ||||||||||
| Tenet Healthcare Corp.(1) | 5.13 | 11/01/27 | 115,000 | 106,206 | ||||||||||
| Tenet Healthcare Corp.(1) | 6.13 | 10/01/28 | 220,000 | 190,768 | ||||||||||
| Tenet Healthcare Corp.(1) | 6.13 | 06/15/30 | 185,000 | 171,092 | ||||||||||
| Tenet Healthcare Corp.(1) | 6.25 | 02/01/27 | 145,000 | 138,646 | ||||||||||
| Tenet Healthcare Corp. | 6.88 | 11/15/31 | 20,000 | 17,003 | ||||||||||
| Toledo Hospital | 5.33 | 11/15/28 | 25,000 | 16,613 | ||||||||||
| Toledo Hospital | 6.02 | 11/15/48 | 60,000 | 39,900 | ||||||||||
| US Acute Care Solutions LLC(1) | 6.38 | 03/01/26 | 55,000 | 50,001 | ||||||||||
| US Renal Care, Inc.(1) | 10.63 | 07/15/27 | 30,000 | 12,135 | ||||||||||
| 4,051,804 | ||||||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| PHARMACEUTICALS – 24.8% | ||||||||||||||
| 1375209 BC Ltd.(1) | 9.00 | 01/30/28 | $ | 99,000 | $ | 96,278 | ||||||||
| 180 Medical, Inc.(1) | 3.88 | 10/15/29 | 50,000 | 42,323 | ||||||||||
| AdaptHealth LLC(1) | 4.63 | 08/01/29 | 55,000 | 46,467 | ||||||||||
| AdaptHealth LLC(1) | 5.13 | 03/01/30 | 60,000 | 52,181 | ||||||||||
| AdaptHealth LLC(1) | 6.13 | 08/01/28 | 15,000 | 13,894 | ||||||||||
| Bausch Health Americas, Inc.(1) | 9.25 | 04/01/26 | 50,000 | 29,015 | ||||||||||
| Bausch Health Cos, Inc.(1) | 4.88 | 06/01/28 | 140,000 | 86,047 | ||||||||||
| Bausch Health Cos, Inc.(1) | 5.00 | 02/15/29 | 25,000 | 9,794 | ||||||||||
| Bausch Health Cos, Inc.(1) | 5.25 | 01/30/30 | 75,000 | 29,241 | ||||||||||
| Bausch Health Cos, Inc.(1) | 5.50 | 11/01/25 | 155,000 | 124,146 | ||||||||||
| Bausch Health Cos, Inc.(1) | 5.75 | 08/15/27 | 45,000 | 28,501 | ||||||||||
| Bausch Health Cos, Inc.(1) | 6.13 | 02/01/27 | 80,000 | 52,734 | ||||||||||
| Bausch Health Cos, Inc.(1) | 9.00 | 12/15/25 | 50,000 | 32,263 | ||||||||||
| Bausch Health Cos, Inc.(1) | 11.00 | 09/30/28 | 216,000 | 167,400 | ||||||||||
| Bausch Health Cos, Inc.(1) | 14.00 | 10/15/30 | 38,000 | 21,945 | ||||||||||
| Cheplapharm Arzneimittel GmbH(1) | 5.50 | 01/15/28 | 45,000 | 37,391 | ||||||||||
| Elanco Animal Health, Inc. | 6.40 | 08/28/28 | 65,000 | 58,475 | ||||||||||
| Embecta Corp.(1) | 5.00 | 02/15/30 | 45,000 | 38,638 | ||||||||||
| Horizon Therapeutics USA, Inc.(1) | 5.50 | 08/01/27 | 55,000 | 53,071 | ||||||||||
| Jazz Securities DAC(1) | 4.38 | 01/15/29 | 135,000 | 120,153 | ||||||||||
| Lannett Co., Inc.(1) | 7.75 | 04/15/26 | 30,000 | 9,488 | ||||||||||
| Mallinckrodt International Finance SA/Mallinckrodt CB LLC(1) | 10.00 | 04/15/25 | 25,000 | 17,000 | ||||||||||
| Mallinckrodt International Finance SA/Mallinckrodt CB LLC(1) | 10.00 | 04/15/25 | 50,000 | 44,962 | ||||||||||
| Mallinckrodt International Finance SA/Mallinckrodt CB LLC(1) | 10.00 | 06/15/29 | 60,000 | 33,600 | ||||||||||
| Mallinckrodt International Finance SA/Mallinckrodt CB LLC(1) | 11.50 | 12/15/28 | 30,000 | 27,375 | ||||||||||
| Option Care Health, Inc.(1) | 4.38 | 10/31/29 | 45,000 | 38,922 | ||||||||||
| Organon & Co./Organon Foreign Debt Co.-Issuer BV(1) | 4.13 | 04/30/28 | 190,000 | 167,720 | ||||||||||
| Organon & Co./Organon Foreign Debt Co.-Issuer BV(1) | 5.13 | 04/30/31 | 170,000 | 144,662 | ||||||||||
| Owens & Minor, Inc.(1) | 4.50 | 03/31/29 | 30,000 | 23,278 | ||||||||||
| Owens & Minor, Inc.(1) | 6.63 | 04/01/30 | 65,000 | 54,195 | ||||||||||
| P&L Development LLC/PLD Finance Corp.(1) | 7.75 | 11/15/25 | 35,000 | 27,066 | ||||||||||
| Perrigo Finance Unlimited Co. | 3.90 | 12/15/24 | 70,000 | 66,838 | ||||||||||
| Perrigo Finance Unlimited Co. | 4.38 | 03/15/26 | 55,000 | 51,667 | ||||||||||
| Perrigo Finance Unlimited Co. | 4.40 | 06/15/30 | 55,000 | 46,088 | ||||||||||
| Perrigo Finance Unlimited Co. | 4.90 | 12/15/44 | 35,000 | 23,043 | ||||||||||
| PRA Health Sciences, Inc.(1) | 2.88 | 07/15/26 | 45,000 | 40,626 | ||||||||||
| Prestige Brands, Inc.(1) | 3.75 | 04/01/31 | 65,000 | 52,271 | ||||||||||
| Prestige Brands, Inc.(1) | 5.13 | 01/15/28 | 20,000 | 18,618 | ||||||||||
| 2,027,376 | ||||||||||||||
| SOFTWARE – 2.8% | ||||||||||||||
| AthenaHealth Group, Inc.(1) | 6.50 | 02/15/30 | 210,000 | 164,172 | ||||||||||
| Consensus Cloud Solutions, Inc.(1) | 6.00 | 10/15/26 | 25,000 | 22,624 | ||||||||||
| Consensus Cloud Solutions, Inc.(1) | 6.50 | 10/15/28 | 45,000 | 39,788 | ||||||||||
| 226,584 | ||||||||||||||
| TOTAL CORPORATE BONDS (Cost - $8,792,703) | 7,968,947 | |||||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| SHORT-TERM INVESTMENTS – 2.1% | ||||||||||||||
| TIME DEPOSITS – 2.1% | ||||||||||||||
| JP Morgan Chase, New York | 2.43 | 11/01/22 | $ | 169,815 | $ | 169,815 | ||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $169,815) | 169,815 | |||||||||||||
| TOTAL INVESTMENTS – 99.8% (Cost - $8,962,518) | $ | 8,138,762 | ||||||||||||
| OTHER ASSETS LESS LIABILITIES – 0.2% | 20,302 | |||||||||||||
| NET ASSETS – 100.0% | $ | 8,159,064 | ||||||||||||
| (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 October 31, 2022, amounts to $7,086,133 and represents 86.8% 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
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| CORPORATE BONDS – 97.8% | ||||||||||||||
| ADVERTISING – 1.5% | ||||||||||||||
| Outfront Media Capital LLC/Outfront Media Capital Corp.(1) | 4.25 | 01/15/29 | $ | 5,000 | $ | 4,132 | ||||||||
| Outfront Media Capital LLC/Outfront Media Capital Corp.(1) | 4.63 | 03/15/30 | 20,000 | 16,572 | ||||||||||
| Outfront Media Capital LLC/Outfront Media Capital Corp.(1) | 5.00 | 08/15/27 | 35,000 | 31,569 | ||||||||||
| 52,273 | ||||||||||||||
| BANKS – 8.8% | ||||||||||||||
| Commerzbank AG(1) | 8.13 | 09/19/23 | 10,000 | 9,966 | ||||||||||
| Dresdner Funding Trust I(1) | 8.15 | 06/30/31 | 20,000 | 20,525 | ||||||||||
| Freedom Mortgage Corp.(1) | 6.63 | 01/15/27 | 20,000 | 14,977 | ||||||||||
| Freedom Mortgage Corp.(1) | 8.25 | 04/15/25 | 25,000 | 21,409 | ||||||||||
| Intesa Sanpaolo SpA(1), | 4.20 | 06/01/32 | 20,000 | 13,558 | ||||||||||
| Intesa Sanpaolo SpA(1), | 4.95 | 06/01/42 | 20,000 | 11,728 | ||||||||||
| Intesa Sanpaolo SpA(1) | 5.02 | 06/26/24 | 70,000 | 66,107 | ||||||||||
| Intesa Sanpaolo SpA(1) | 5.71 | 01/15/26 | 25,000 | 23,306 | ||||||||||
| Standard Chartered PLC(1),(2) | 7.01 | - | 20,000 | 19,027 | ||||||||||
| Synovus Financial Corp. | 5.90 | 02/07/29 | 10,000 | 9,791 | ||||||||||
| Texas Capital Bancshares, Inc. | 4.00 | 05/06/31 | 15,000 | 13,001 | ||||||||||
| UniCredit SpA(1) | 5.46 | 06/30/35 | 45,000 | 33,569 | ||||||||||
| UniCredit SpA(1) | 5.86 | 06/19/32 | 25,000 | 20,729 | ||||||||||
| UniCredit SpA(1) | 7.30 | 04/02/34 | 35,000 | 29,724 | ||||||||||
| 307,417 | ||||||||||||||
| COMMERCIAL SERVICES – 4.1% | ||||||||||||||
| Block, Inc. | 2.75 | 06/01/26 | 35,000 | 31,297 | ||||||||||
| Block, Inc. | 3.50 | 06/01/31 | 25,000 | 20,190 | ||||||||||
| CoreCivic, Inc. | 8.25 | 04/15/26 | 30,000 | 30,475 | ||||||||||
| CPI CG, Inc.(1) | 8.63 | 03/15/26 | 3,000 | 2,851 | ||||||||||
| GEO Group, Inc. | 10.50 | 06/30/28 | 10,000 | 10,014 | ||||||||||
| MoneyGram International, Inc.(1) | 5.38 | 08/01/26 | 10,000 | 9,835 | ||||||||||
| Paysafe Finance PLC/Paysafe Holdings US Corp.(1) | 4.00 | 06/15/29 | 20,000 | 14,329 | ||||||||||
| PROG Holdings, Inc.(1) | 6.00 | 11/15/29 | 20,000 | 16,375 | ||||||||||
| Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.(1) | 4.63 | 11/01/26 | 10,000 | 9,234 | ||||||||||
| 144,600 | ||||||||||||||
| COMPUTERS – 0.4% | ||||||||||||||
| Diebold Nixdorf, Inc.(1) | 9.38 | 07/15/25 | 20,000 | 14,919 | ||||||||||
| DIVERSIFIED FINANCIAL SERVICES – 31.1% | ||||||||||||||
| Advisor Group Holdings, Inc.(1) | 10.75 | 08/01/27 | 10,000 | 9,871 | ||||||||||
| AerCap Holdings NV | 5.88 | 10/10/79 | 20,000 | 18,023 | ||||||||||
| AG Issuer LLC(1) | 6.25 | 03/01/28 | 10,000 | 9,319 | ||||||||||
| AG TTMT Escrow Issuer LLC(1) | 8.63 | 09/30/27 | 20,000 | 20,102 | ||||||||||
| Ally Financial, Inc. | 5.75 | 11/20/25 | 30,000 | 28,882 | ||||||||||
| Aretec Escrow Issuer, Inc.(1) | 7.50 | 04/01/29 | 5,000 | 4,108 | ||||||||||
| Armor Holdco, Inc.(1) | 8.50 | 11/15/29 | 5,000 | 3,735 | ||||||||||
| Brightsphere Investment Group, Inc. | 4.80 | 07/27/26 | 10,000 | 8,982 | ||||||||||
| Castlelake Aviation Finance DAC(1) | 5.00 | 04/15/27 | 15,000 | 12,656 | ||||||||||
| Coinbase Global, Inc.(1) | 3.38 | 10/01/28 | 10,000 | 6,559 | ||||||||||
| Coinbase Global, Inc.(1) | 3.63 | 10/01/31 | 45,000 | 26,759 | ||||||||||
| Credit Acceptance Corp.(1) | 5.13 | 12/31/24 | 10,000 | 9,313 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| DIVERSIFIED FINANCIAL SERVICES – 31.1% (Continued) | ||||||||||||||
| Credit Acceptance Corp. | 6.63 | 03/15/26 | $ | 10,000 | $ | 9,475 | ||||||||
| Curo Group Holdings Corp.(1) | 7.50 | 08/01/28 | 20,000 | 11,849 | ||||||||||
| Enact Holdings, Inc.(1) | 6.50 | 08/15/25 | 20,000 | 19,748 | ||||||||||
| Enova International, Inc.(1) | 8.50 | 09/15/25 | 10,000 | 8,989 | ||||||||||
| goeasy Ltd.(1) | 4.38 | 05/01/26 | 10,000 | 8,591 | ||||||||||
| goeasy Ltd.(1) | 5.38 | 12/01/24 | 15,000 | 14,020 | ||||||||||
| Hightower Holding LLC(1) | 6.75 | 04/15/29 | 10,000 | 8,156 | ||||||||||
| Home Point Capital, Inc.(1) | 5.00 | 02/01/26 | 20,000 | 11,848 | ||||||||||
| Jane Street Group/JSG Finance, Inc.(1) | 4.50 | 11/15/29 | 15,000 | 13,292 | ||||||||||
| Jefferies Finance LLC/JFIN Co.-Issuer Corp.(1) | 5.00 | 08/15/28 | 25,000 | 19,680 | ||||||||||
| Jefferson Capital Holdings LLC(1) | 6.00 | 08/15/26 | 10,000 | 8,340 | ||||||||||
| LD Holdings Group LLC(1) | 6.13 | 04/01/28 | 40,000 | 22,495 | ||||||||||
| LFS Topco LLC(1) | 5.88 | 10/15/26 | 10,000 | 7,836 | ||||||||||
| LPL Holdings, Inc.(1) | 4.00 | 03/15/29 | 35,000 | 30,636 | ||||||||||
| LPL Holdings, Inc.(1) | 4.38 | 05/15/31 | 5,000 | 4,363 | ||||||||||
| Midcap Financial Issuer Trust(1) | 5.63 | 01/15/30 | 20,000 | 15,433 | ||||||||||
| Midcap Financial Issuer Trust(1) | 6.50 | 05/01/28 | 15,000 | 12,786 | ||||||||||
| Nationstar Mortgage Holdings, Inc.(1) | 5.13 | 12/15/30 | 10,000 | 7,500 | ||||||||||
| Nationstar Mortgage Holdings, Inc.(1) | 5.50 | 08/15/28 | 20,000 | 16,271 | ||||||||||
| Nationstar Mortgage Holdings, Inc.(1) | 5.75 | 11/15/31 | 25,000 | 19,244 | ||||||||||
| Nationstar Mortgage Holdings, Inc.(1) | 6.00 | 01/15/27 | 15,000 | 13,380 | ||||||||||
| Navient Corp. | 4.88 | 03/15/28 | 10,000 | 7,971 | ||||||||||
| Navient Corp. | 5.00 | 03/15/27 | 20,000 | 16,899 | ||||||||||
| Navient Corp. | 5.50 | 03/15/29 | 20,000 | 15,916 | ||||||||||
| Navient Corp. | 5.63 | 08/01/33 | 15,000 | 10,605 | ||||||||||
| Navient Corp. | 5.88 | 10/25/24 | 10,000 | 9,684 | ||||||||||
| Navient Corp. | 6.13 | 03/25/24 | 45,000 | 44,270 | ||||||||||
| Navient Corp. | 6.75 | 06/25/25 | 10,000 | 9,585 | ||||||||||
| Navient Corp. | 6.75 | 06/15/26 | 10,000 | 9,453 | ||||||||||
| NFP Corp.(1) | 4.88 | 08/15/28 | 30,000 | 25,929 | ||||||||||
| NFP Corp.(1) | 6.88 | 08/15/28 | 55,000 | 46,866 | ||||||||||
| OneMain Finance Corp. | 3.50 | 01/15/27 | 25,000 | 20,550 | ||||||||||
| OneMain Finance Corp. | 3.88 | 09/15/28 | 20,000 | 15,631 | ||||||||||
| OneMain Finance Corp. | 4.00 | 09/15/30 | 25,000 | 18,941 | ||||||||||
| OneMain Finance Corp. | 5.38 | 11/15/29 | 10,000 | 8,228 | ||||||||||
| OneMain Finance Corp. | 6.13 | 03/15/24 | 50,000 | 48,924 | ||||||||||
| OneMain Finance Corp. | 6.63 | 01/15/28 | 20,000 | 18,208 | ||||||||||
| OneMain Finance Corp. | 6.88 | 03/15/25 | 30,000 | 29,137 | ||||||||||
| OneMain Finance Corp. | 7.13 | 03/15/26 | 45,000 | 43,419 | ||||||||||
| Oxford Finance LLC/Oxford Finance Co.-Issuer II, Inc.(1) | 6.38 | 02/01/27 | 10,000 | 9,167 | ||||||||||
| PennyMac Financial Services, Inc.(1) | 4.25 | 02/15/29 | 30,000 | 22,800 | ||||||||||
| PennyMac Financial Services, Inc.(1) | 5.38 | 10/15/25 | 10,000 | 9,073 | ||||||||||
| PennyMac Financial Services, Inc.(1) | 5.75 | 09/15/31 | 10,000 | 7,548 | ||||||||||
| PHH Mortgage Corp.(1) | 7.88 | 03/15/26 | 10,000 | 8,315 | ||||||||||
| PRA Group, Inc.(1) | 5.00 | 10/01/29 | 15,000 | 12,052 | ||||||||||
| Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1) | 2.88 | 10/15/26 | 30,000 | 25,116 | ||||||||||
| Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1) | 3.63 | 03/01/29 | 20,000 | 15,552 | ||||||||||
| Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1) | 3.88 | 03/01/31 | 35,000 | 26,115 | ||||||||||
| Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1) | 4.00 | 10/15/33 | 20,000 | 14,018 | ||||||||||
| SLM Corp. | 3.13 | 11/02/26 | 25,000 | 21,969 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| DIVERSIFIED FINANCIAL SERVICES – 31.1% (Continued) | ||||||||||||||
| SLM Corp. | 4.20 | 10/29/25 | $ | 10,000 | $ | 9,300 | ||||||||
| StoneX Group, Inc.(1) | 8.63 | 06/15/25 | 10,000 | 9,887 | ||||||||||
| United Wholesale Mortgage LLC(1) | 5.50 | 11/15/25 | 15,000 | 13,580 | ||||||||||
| United Wholesale Mortgage LLC(1) | 5.50 | 04/15/29 | 20,000 | 15,143 | ||||||||||
| United Wholesale Mortgage LLC(1) | 5.75 | 06/15/27 | 25,000 | 20,525 | ||||||||||
| World Acceptance Corp.(1) | 7.00 | 11/01/26 | 10,000 | 6,275 | ||||||||||
| 1,088,892 | ||||||||||||||
| ELECTRIC – 0.4% | ||||||||||||||
| Terraform Global Operating LLC(1) | 6.13 | 03/01/26 | 15,000 | 13,850 | ||||||||||
| ELECTRONICS – 0.1% | ||||||||||||||
| Likewize Corp.(1) | 9.75 | 10/15/25 | 5,000 | 4,531 | ||||||||||
| ENGINEERING & CONSTRUCTION – 0.2% | ||||||||||||||
| INNOVATE Corp.(1) | 8.50 | 02/01/26 | 10,000 | 7,500 | ||||||||||
| INSURANCE – 10.9% | ||||||||||||||
| Acrisure LLC/Acrisure Finance, Inc.(1) | 4.25 | 02/15/29 | 15,000 | 12,275 | ||||||||||
| Acrisure LLC/Acrisure Finance, Inc.(1) | 6.00 | 08/01/29 | 15,000 | 12,462 | ||||||||||
| Acrisure LLC/Acrisure Finance, Inc.(1) | 7.00 | 11/15/25 | 35,000 | 32,975 | ||||||||||
| Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer(1) | 4.25 | 10/15/27 | 15,000 | 13,538 | ||||||||||
| Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer(1) | 5.88 | 11/01/29 | 25,000 | 21,098 | ||||||||||
| Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer(1) | 6.75 | 10/15/27 | 30,000 | 27,417 | ||||||||||
| AmWINS Group, Inc.(1) | 4.88 | 06/30/29 | 20,000 | 17,142 | ||||||||||
| Assurant, Inc. | 7.00 | 03/27/48 | 15,000 | 14,301 | ||||||||||
| AssuredPartners, Inc.(1) | 5.63 | 01/15/29 | 30,000 | 24,719 | ||||||||||
| AssuredPartners, Inc.(1) | 7.00 | 08/15/25 | 15,000 | 14,393 | ||||||||||
| BroadStreet Partners, Inc.(1) | 5.88 | 04/15/29 | 15,000 | 12,074 | ||||||||||
| Enstar Finance LLC | 5.50 | 01/15/42 | 10,000 | 7,873 | ||||||||||
| Enstar Finance LLC | 5.75 | 09/01/40 | 15,000 | 13,361 | ||||||||||
| Genworth Holdings, Inc. | 6.50 | 06/15/34 | 10,000 | 8,315 | ||||||||||
| Global Atlantic Finance Co.(1) | 4.70 | 10/15/51 | 20,000 | 14,788 | ||||||||||
| HUB International Ltd.(1) | 5.63 | 12/01/29 | 10,000 | 8,587 | ||||||||||
| HUB International Ltd.(1) | 7.00 | 05/01/26 | 45,000 | 44,521 | ||||||||||
| Liberty Mutual Group, Inc.(1) | 4.13 | 12/15/51 | 20,000 | 15,027 | ||||||||||
| Liberty Mutual Group, Inc.(1) | 4.30 | 02/01/61 | 25,000 | 14,784 | ||||||||||
| MGIC Investment Corp. | 5.25 | 08/15/28 | 15,000 | 13,643 | ||||||||||
| NMI Holdings, Inc.(1) | 7.38 | 06/01/25 | 10,000 | 10,004 | ||||||||||
| Ryan Specialty Group LLC(1) | 4.38 | 02/01/30 | 10,000 | 8,562 | ||||||||||
| USI, Inc./NY(1) | 6.88 | 05/01/25 | 20,000 | 19,442 | ||||||||||
| 381,301 | ||||||||||||||
| INTERNET – 0.4% | ||||||||||||||
| Acuris Finance US, Inc./Acuris Finance Sarl(1) | 5.00 | 05/01/28 | 15,000 | 12,183 | ||||||||||
| INVESTMENT COMPANIES – 5.0% | ||||||||||||||
| Compass Group Diversified Holdings LLC(1) | 5.00 | 01/15/32 | 5,000 | 3,656 | ||||||||||
| Compass Group Diversified Holdings LLC(1) | 5.25 | 04/15/29 | 35,000 | 30,189 | ||||||||||
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. | 4.38 | 02/01/29 | 15,000 | 12,562 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| INVESTMENT COMPANIES – 5.0% (Continued) | ||||||||||||||
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. | 4.75 | 09/15/24 | $ | 40,000 | $ | 38,980 | ||||||||
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. | 5.25 | 05/15/27 | 45,000 | 41,545 | ||||||||||
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. | 6.25 | 05/15/26 | 35,000 | 33,664 | ||||||||||
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. | 6.38 | 12/15/25 | 15,000 | 14,596 | ||||||||||
| 175,192 | ||||||||||||||
| PIPELINES – 0.3% | ||||||||||||||
| FTAI Infra Escrow Holdings LLC(1) | 10.50 | 06/01/27 | 10,000 | 9,823 | ||||||||||
| REAL ESTATE INVESTMENT TRUST (REITS) – 28.2% | ||||||||||||||
| Apollo Commercial Real Estate Finance, Inc.(1) | 4.63 | 06/15/29 | 20,000 | 15,782 | ||||||||||
| Blackstone Mortgage Trust, Inc.(1) | 3.75 | 01/15/27 | 15,000 | 12,708 | ||||||||||
| Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL(1) | 4.50 | 04/01/27 | 5,000 | 4,265 | ||||||||||
| Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL(1) | 5.75 | 05/15/26 | 45,000 | 41,873 | ||||||||||
| CTR Partnership LP/CareTrust Capital Corp.(1) | 3.88 | 06/30/28 | 10,000 | 8,449 | ||||||||||
| Diversified Healthcare Trust | 4.38 | 03/01/31 | 10,000 | 6,626 | ||||||||||
| Diversified Healthcare Trust | 4.75 | 02/15/28 | 20,000 | 13,718 | ||||||||||
| Diversified Healthcare Trust | 9.75 | 06/15/25 | 23,000 | 21,722 | ||||||||||
| Global Net Lease, Inc./Global Net Lease Operating Partnership LP(1) | 3.75 | 12/15/27 | 20,000 | 16,177 | ||||||||||
| HAT Holdings I LLC/HAT Holdings II LLC(1) | 3.38 | 06/15/26 | 20,000 | 16,305 | ||||||||||
| HAT Holdings I LLC/HAT Holdings II LLC(1) | 3.75 | 09/15/30 | 15,000 | 10,373 | ||||||||||
| HAT Holdings I LLC/HAT Holdings II LLC(1) | 6.00 | 04/15/25 | 10,000 | 9,547 | ||||||||||
| Iron Mountain Information Management Services, Inc.(1) | 5.00 | 07/15/32 | 20,000 | 16,539 | ||||||||||
| Iron Mountain, Inc.(1) | 4.50 | 02/15/31 | 30,000 | 24,356 | ||||||||||
| Iron Mountain, Inc.(1) | 4.88 | 09/15/27 | 25,000 | 23,181 | ||||||||||
| Iron Mountain, Inc.(1) | 4.88 | 09/15/29 | 30,000 | 25,871 | ||||||||||
| Iron Mountain, Inc.(1) | 5.00 | 07/15/28 | 30,000 | 26,882 | ||||||||||
| Iron Mountain, Inc.(1) | 5.25 | 03/15/28 | 15,000 | 13,837 | ||||||||||
| Iron Mountain, Inc.(1) | 5.25 | 07/15/30 | 30,000 | 25,929 | ||||||||||
| Iron Mountain, Inc.(1) | 5.63 | 07/15/32 | 10,000 | 8,597 | ||||||||||
| iStar, Inc. | 4.25 | 08/01/25 | 15,000 | 14,532 | ||||||||||
| iStar, Inc. | 4.75 | 10/01/24 | 20,000 | 19,797 | ||||||||||
| iStar, Inc. | 5.50 | 02/15/26 | 10,000 | 9,985 | ||||||||||
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(1) | 4.25 | 02/01/27 | 5,000 | 4,211 | ||||||||||
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(1) | 4.75 | 06/15/29 | 25,000 | 19,958 | ||||||||||
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(1) | 5.25 | 10/01/25 | 15,000 | 13,852 | ||||||||||
| MPT Operating Partnership LP/MPT Finance Corp. | 3.50 | 03/15/31 | 35,000 | 24,137 | ||||||||||
| MPT Operating Partnership LP/MPT Finance Corp. | 4.63 | 08/01/29 | 25,000 | 19,856 | ||||||||||
| MPT Operating Partnership LP/MPT Finance Corp. | 5.00 | 10/15/27 | 45,000 | 38,599 | ||||||||||
| MPT Operating Partnership LP/MPT Finance Corp. | 5.25 | 08/01/26 | 10,000 | 9,035 | ||||||||||
| Necessity Retail REIT, Inc./American Finance Operating Partner LP(1) | 4.50 | 09/30/28 | 20,000 | 14,632 | ||||||||||
| New Residential Investment Corp.(1) | 6.25 | 10/15/25 | 15,000 | 13,184 | ||||||||||
| RHP Hotel Properties LP/RHP Finance Corp.(1) | 4.50 | 02/15/29 | 30,000 | 26,380 | ||||||||||
| RLJ Lodging Trust LP(1) | 3.75 | 07/01/26 | 10,000 | 9,152 | ||||||||||
| RLJ Lodging Trust LP(1) | 4.00 | 09/15/29 | 20,000 | 16,787 | ||||||||||
| SBA Communications Corp. | 3.13 | 02/01/29 | 40,000 | 32,401 | ||||||||||
| SBA Communications Corp. | 3.88 | 02/15/27 | 45,000 | 40,582 | ||||||||||
| Service Properties Trust | 3.95 | 01/15/28 | 15,000 | 11,047 | ||||||||||
| Service Properties Trust | 4.35 | 10/01/24 | 30,000 | 27,588 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| REAL ESTATE INVESTMENT TRUST (REITS) – 28.2% (Continued) | ||||||||||||||
| Service Properties Trust | 4.38 | 02/15/30 | $ | 20,000 | $ | 14,278 | ||||||||
| Service Properties Trust | 4.50 | 03/15/25 | 30,000 | 26,589 | ||||||||||
| Service Properties Trust | 4.75 | 10/01/26 | 15,000 | 12,214 | ||||||||||
| Service Properties Trust | 4.95 | 02/15/27 | 10,000 | 8,110 | ||||||||||
| Service Properties Trust | 4.95 | 10/01/29 | 5,000 | 3,634 | ||||||||||
| Service Properties Trust | 5.25 | 02/15/26 | 25,000 | 21,662 | ||||||||||
| Service Properties Trust | 5.50 | 12/15/27 | 5,000 | 4,318 | ||||||||||
| Starwood Property Trust, Inc.(1) | 3.63 | 07/15/26 | 20,000 | 17,431 | ||||||||||
| Starwood Property Trust, Inc.(1) | 4.38 | 01/15/27 | 10,000 | 8,847 | ||||||||||
| Starwood Property Trust, Inc. | 4.75 | 03/15/25 | 25,000 | 23,453 | ||||||||||
| Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC(1) | 6.00 | 01/15/30 | 20,000 | 13,697 | ||||||||||
| Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC(1) | 7.88 | 02/15/25 | 70,000 | 69,404 | ||||||||||
| Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC(1) | 6.50 | 02/15/29 | 45,000 | 32,398 | ||||||||||
| XHR LP(1) | 4.88 | 06/01/29 | 20,000 | 17,284 | ||||||||||
| XHR LP(1) | 6.38 | 08/15/25 | 5,000 | 4,906 | ||||||||||
| 986,677 | ||||||||||||||
| RETAIL – 0.6% | ||||||||||||||
| FirstCash, Inc.(1) | 4.63 | 09/01/28 | 10,000 | 8,621 | ||||||||||
| FirstCash, Inc.(1) | 5.63 | 01/01/30 | 15,000 | 13,244 | ||||||||||
| 21,865 | ||||||||||||||
| SOFTWARE – 3.1% | ||||||||||||||
| ACI Worldwide, Inc.(1) | 5.75 | 08/15/26 | 10,000 | 9,515 | ||||||||||
| MSCI, Inc.(1) | 3.25 | 08/15/33 | 15,000 | 11,630 | ||||||||||
| MSCI, Inc.(1) | 3.63 | 09/01/30 | 10,000 | 8,373 | ||||||||||
| MSCI, Inc.(1) | 3.63 | 11/01/31 | 15,000 | 12,380 | ||||||||||
| MSCI, Inc.(1) | 3.88 | 02/15/31 | 40,000 | 33,777 | ||||||||||
| MSCI, Inc.(1) | 4.00 | 11/15/29 | 35,000 | 30,450 | ||||||||||
| 106,125 | ||||||||||||||
| TRANSPORTATION – 0.4% | ||||||||||||||
| Cargo Aircraft Management, Inc.(1) | 4.75 | 02/01/28 | 15,000 | 13,415 | ||||||||||
| TRUCKING & LEASING – 2.3% | ||||||||||||||
| AerCap Global Aviation Trust(1) | 6.50 | 06/15/45 | 15,000 | 13,709 | ||||||||||
| Fly Leasing Ltd.(1) | 7.00 | 10/15/24 | 15,000 | 11,858 | ||||||||||
| Fortress Transportation & Infrastructure Investors LLC(1) | 5.50 | 05/01/28 | 35,000 | 29,356 | ||||||||||
| Fortress Transportation & Infrastructure Investors LLC(1) | 6.50 | 10/01/25 | 27,000 | 25,971 | ||||||||||
| 80,894 | ||||||||||||||
| TOTAL CORPORATE BONDS (Cost - $3,870,317) | 3,421,457 | |||||||||||||
| SHORT-TERM INVESTMENTS – 1.0% | ||||||||||||||
| TIME DEPOSITS – 1.0% | ||||||||||||||
| Sumitomo, Tokyo | 2.43 | 11/01/22 | 34,839 | 34,839 | ||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $34,839) | 34,839 | |||||||||||||
| TOTAL INVESTMENTS – 98.8% (Cost - $3,905,156) | $ | 3,456,296 | ||||||||||||
| OTHER ASSETS LESS LIABILITIES – 1.2% | 42,526 | |||||||||||||
| NET ASSETS – 100.0% | $ | 3,498,822 | ||||||||||||
| (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 October 31, 2022, amounts to $2,279,914 and represents 65.2% 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.
51
BONDBLOXX ETF TRUST
BondBloxx USD High Yield Bond Energy Sector ETF
Portfolio of Investments
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| CORPORATE BONDS – 97.5% | ||||||||||||||
| CHEMICALS – 1.1% | ||||||||||||||
| Methanex Corp. | 4.25 | 12/01/24 | $ | 10,000 | $ | 9,691 | ||||||||
| Methanex Corp. | 5.13 | 10/15/27 | 30,000 | 27,434 | ||||||||||
| Methanex Corp. | 5.25 | 12/15/29 | 40,000 | 34,308 | ||||||||||
| Methanex Corp. | 5.65 | 12/01/44 | 15,000 | 10,387 | ||||||||||
| 81,820 | ||||||||||||||
| OIL & GAS – 53.0% | ||||||||||||||
| Aethon United BR LP/Aethon United Finance Corp.(1) | 8.25 | 02/15/26 | 40,000 | 40,715 | ||||||||||
| Antero Resources Corp.(1) | 5.38 | 03/01/30 | 25,000 | 23,168 | ||||||||||
| Antero Resources Corp.(1) | 7.63 | 02/01/29 | 21,000 | 21,451 | ||||||||||
| Apache Corp. | 4.25 | 01/15/30 | 25,000 | 22,298 | ||||||||||
| Apache Corp. | 4.38 | 10/15/28 | 15,000 | 13,425 | ||||||||||
| Apache Corp. | 4.75 | 04/15/43 | 10,000 | 7,513 | ||||||||||
| Apache Corp. | 5.10 | 09/01/40 | 55,000 | 44,659 | ||||||||||
| Apache Corp. | 5.25 | 02/01/42 | 40,000 | 32,248 | ||||||||||
| Apache Corp. | 5.35 | 07/01/49 | 20,000 | 15,462 | ||||||||||
| Apache Corp. | 6.00 | 01/15/37 | 20,000 | 18,026 | ||||||||||
| Ascent Resources Utica Holdings LLC/ARU Finance Corp.(1) | 5.88 | 06/30/29 | 30,000 | 26,366 | ||||||||||
| Ascent Resources Utica Holdings LLC/ARU Finance Corp.(1) | 7.00 | 11/01/26 | 25,000 | 24,669 | ||||||||||
| Ascent Resources Utica Holdings LLC/ARU Finance Corp.(1) | 8.25 | 12/31/28 | 10,000 | 9,665 | ||||||||||
| Ascent Resources Utica Holdings LLC/ARU Finance Corp.(1) | 9.00 | 11/01/27 | 10,000 | 12,218 | ||||||||||
| Baytex Energy Corp.(1) | 8.75 | 04/01/27 | 20,000 | 20,479 | ||||||||||
| Berry Petroleum Co. LLC(1) | 7.00 | 02/15/26 | 10,000 | 8,965 | ||||||||||
| California Resources Corp.(1) | 7.13 | 02/01/26 | 45,000 | 44,229 | ||||||||||
| Callon Petroleum Co.(1) | 7.50 | 06/15/30 | 25,000 | 23,788 | ||||||||||
| Callon Petroleum Co.(1) | 8.00 | 08/01/28 | 45,000 | 44,945 | ||||||||||
| Calumet Specialty Products Partners LP/Calumet Finance Corp.(1) | 8.13 | 01/15/27 | 10,000 | 9,479 | ||||||||||
| Calumet Specialty Products Partners LP/Calumet Finance Corp.(1) | 11.00 | 04/15/25 | 20,000 | 20,814 | ||||||||||
| Chesapeake Energy Corp.(1) | 5.50 | 02/01/26 | 30,000 | 29,124 | ||||||||||
| Chesapeake Energy Corp.(1) | 5.88 | 02/01/29 | 15,000 | 14,193 | ||||||||||
| Chesapeake Energy Corp.(1) | 6.75 | 04/15/29 | 50,000 | 49,037 | ||||||||||
| Chord Energy Corp.(1) | 6.38 | 06/01/26 | 20,000 | 19,567 | ||||||||||
| Citgo Holding, Inc.(1) | 9.25 | 08/01/24 | 80,000 | 80,176 | ||||||||||
| CITGO Petroleum Corp.(1) | 6.38 | 06/15/26 | 20,000 | 19,748 | ||||||||||
| CITGO Petroleum Corp.(1) | 7.00 | 06/15/25 | 70,000 | 69,012 | ||||||||||
| Civitas Resources, Inc.(1) | 5.00 | 10/15/26 | 10,000 | 9,221 | ||||||||||
| CNX Resources Corp.(1) | 6.00 | 01/15/29 | 40,000 | 37,395 | ||||||||||
| CNX Resources Corp.(1) | 7.25 | 03/14/27 | 12,000 | 11,928 | ||||||||||
| CNX Resources Corp.(1) | 7.38 | 01/15/31 | 15,000 | 14,908 | ||||||||||
| Colgate Energy Partners III LLC(1) | 5.88 | 07/01/29 | 35,000 | 32,717 | ||||||||||
| Comstock Resources, Inc.(1) | 5.88 | 01/15/30 | 55,000 | 49,773 | ||||||||||
| Comstock Resources, Inc.(1) | 6.75 | 03/01/29 | 55,000 | 52,780 | ||||||||||
| Crescent Energy Finance LLC(1) | 7.25 | 05/01/26 | 25,000 | 23,246 | ||||||||||
| CrownRock LP/CrownRock Finance, Inc.(1) | 5.00 | 05/01/29 | 10,000 | 9,099 | ||||||||||
| CrownRock LP/CrownRock Finance, Inc.(1) | 5.63 | 10/15/25 | 70,000 | 67,787 | ||||||||||
| CVR Energy, Inc.(1) | 5.25 | 02/15/25 | 20,000 | 19,306 | ||||||||||
| CVR Energy, Inc.(1) | 5.75 | 02/15/28 | 25,000 | 22,662 | ||||||||||
| Earthstone Energy Holdings LLC(1) | 8.00 | 04/15/27 | 25,000 | 23,697 | ||||||||||
| Encino Acquisition Partners Holdings LLC(1) | 8.50 | 05/01/28 | 35,000 | 32,878 | ||||||||||
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 (Continued)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| OIL & GAS – 53.0% (Continued) | ||||||||||||||
| Endeavor Energy Resources LP/EER Finance, Inc.(1) | 5.75 | 01/30/28 | $ | 55,000 | $ | 53,556 | ||||||||
| Energean PLC(1) | 6.50 | 04/30/27 | 20,000 | 17,869 | ||||||||||
| Energy Ventures Gom LLC/EnVen Finance Corp.(1) | 11.75 | 04/15/26 | 9,500 | 9,769 | ||||||||||
| Ensign Drilling, Inc.(1) | 9.25 | 04/15/24 | 30,000 | 27,186 | ||||||||||
| Global Marine, Inc. | 7.00 | 06/01/28 | 15,000 | 9,675 | ||||||||||
| Gulfport Energy Corp.(1) | 8.00 | 05/17/26 | 10,000 | 9,986 | ||||||||||
| Harbour Energy PLC(1) | 5.50 | 10/15/26 | 20,000 | 18,051 | ||||||||||
| Hilcorp Energy I LP/Hilcorp Finance Co.(1) | 5.75 | 02/01/29 | 20,000 | 18,345 | ||||||||||
| Hilcorp Energy I LP/Hilcorp Finance Co.(1) | 6.00 | 04/15/30 | 15,000 | 13,603 | ||||||||||
| Hilcorp Energy I LP/Hilcorp Finance Co.(1) | 6.00 | 02/01/31 | 30,000 | 27,335 | ||||||||||
| Hilcorp Energy I LP/Hilcorp Finance Co.(1) | 6.25 | 11/01/28 | 35,000 | 32,999 | ||||||||||
| Hilcorp Energy I LP/Hilcorp Finance Co.(1) | 6.25 | 04/15/32 | 30,000 | 27,555 | ||||||||||
| Ithaca Energy North Sea PLC(1) | 9.00 | 07/15/26 | 30,000 | 29,692 | ||||||||||
| Laredo Petroleum, Inc.(1) | 7.75 | 07/31/29 | 20,000 | 19,028 | ||||||||||
| Laredo Petroleum, Inc. | 9.50 | 01/15/25 | 25,000 | 25,047 | ||||||||||
| Laredo Petroleum, Inc. | 10.13 | 01/15/28 | 25,000 | 24,602 | ||||||||||
| Magnolia Oil & Gas Operating LLC/Magnolia Oil & Gas Finance Corp.(1) | 6.00 | 08/01/26 | 10,000 | 9,728 | ||||||||||
| Matador Resources Co. | 5.88 | 09/15/26 | 45,000 | 44,325 | ||||||||||
| MEG Energy Corp.(1) | 5.88 | 02/01/29 | 35,000 | 33,506 | ||||||||||
| MEG Energy Corp.(1) | 7.13 | 02/01/27 | 50,000 | 50,951 | ||||||||||
| Moss Creek Resources Holdings, Inc.(1) | 7.50 | 01/15/26 | 35,000 | 32,277 | ||||||||||
| Moss Creek Resources Holdings, Inc.(1) | 10.50 | 05/15/27 | 15,000 | 14,425 | ||||||||||
| Murphy Oil Corp. | 5.75 | 08/15/25 | 14,000 | 13,820 | ||||||||||
| Murphy Oil Corp. | 5.88 | 12/01/27 | 25,000 | 24,310 | ||||||||||
| Murphy Oil Corp. | 6.13 | 12/01/42 | 20,000 | 15,802 | ||||||||||
| Murphy Oil Corp. | 6.38 | 07/15/28 | 15,000 | 14,697 | ||||||||||
| Murphy Oil Corp. | 7.05 | 05/01/29 | 20,000 | 19,797 | ||||||||||
| Nabors Industries Ltd.(1) | 7.25 | 01/15/26 | 20,000 | 19,349 | ||||||||||
| Nabors Industries Ltd.(1) | 7.50 | 01/15/28 | 10,000 | 9,289 | ||||||||||
| Nabors Industries, Inc. | 5.75 | 02/01/25 | 20,000 | 19,274 | ||||||||||
| Nabors Industries, Inc.(1) | 7.38 | 05/15/27 | 55,000 | 54,174 | ||||||||||
| Neptune Energy Bondco PLC(1) | 6.63 | 05/15/25 | 55,000 | 53,537 | ||||||||||
| Northern Oil & Gas, Inc.(1) | 8.13 | 03/01/28 | 30,000 | 29,163 | ||||||||||
| Occidental Petroleum Corp. | 2.90 | 08/15/24 | 45,000 | 43,399 | ||||||||||
| Occidental Petroleum Corp. | 3.40 | 04/15/26 | 10,000 | 9,465 | ||||||||||
| Occidental Petroleum Corp. | 3.50 | 08/15/29 | 15,000 | 13,634 | ||||||||||
| Occidental Petroleum Corp. | 4.10 | 02/15/47 | 10,000 | 7,939 | ||||||||||
| Occidental Petroleum Corp. | 4.20 | 03/15/48 | 10,000 | 7,953 | ||||||||||
| Occidental Petroleum Corp. | 4.30 | 08/15/39 | 70,000 | 57,706 | ||||||||||
| Occidental Petroleum Corp. | 4.40 | 04/15/46 | 20,000 | 16,315 | ||||||||||
| Occidental Petroleum Corp. | 4.63 | 06/15/45 | 20,000 | 16,435 | ||||||||||
| Occidental Petroleum Corp. | 5.50 | 12/01/25 | 25,000 | 25,105 | ||||||||||
| Occidental Petroleum Corp. | 5.55 | 03/15/26 | 85,000 | 86,395 | ||||||||||
| Occidental Petroleum Corp. | 5.88 | 09/01/25 | 35,000 | 35,305 | ||||||||||
| Occidental Petroleum Corp. | 6.13 | 01/01/31 | 65,000 | 65,252 | ||||||||||
| Occidental Petroleum Corp. | 6.20 | 03/15/40 | 20,000 | 19,286 | ||||||||||
| Occidental Petroleum Corp. | 6.38 | 09/01/28 | 20,000 | 20,346 | ||||||||||
| Occidental Petroleum Corp. | 6.45 | 09/15/36 | 55,000 | 54,647 | ||||||||||
| Occidental Petroleum Corp. | 6.60 | 03/15/46 | 45,000 | 44,392 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| OIL & GAS – 53.0% (Continued) | ||||||||||||||
| Occidental Petroleum Corp. | 6.63 | 09/01/30 | $ | 50,000 | $ | 52,094 | ||||||||
| Occidental Petroleum Corp. | 6.95 | 07/01/24 | 20,000 | 20,520 | ||||||||||
| Occidental Petroleum Corp. | 7.50 | 05/01/31 | 40,000 | 43,093 | ||||||||||
| Occidental Petroleum Corp. | 7.88 | 09/15/31 | 50,000 | 54,481 | ||||||||||
| Occidental Petroleum Corp. | 7.95 | 06/15/39 | 10,000 | 10,835 | ||||||||||
| Occidental Petroleum Corp. | 8.00 | 07/15/25 | 15,000 | 15,853 | ||||||||||
| Occidental Petroleum Corp. | 8.50 | 07/15/27 | 20,000 | 21,775 | ||||||||||
| Occidental Petroleum Corp. | 8.88 | 07/15/30 | 60,000 | 68,175 | ||||||||||
| Parkland Corp.(1) | 4.50 | 10/01/29 | 35,000 | 29,542 | ||||||||||
| Parkland Corp.(1) | 4.63 | 05/01/30 | 45,000 | 37,544 | ||||||||||
| Parkland Corp.(1) | 5.88 | 07/15/27 | 25,000 | 23,522 | ||||||||||
| Patterson-UTI Energy, Inc. | 3.95 | 02/01/28 | 25,000 | 22,095 | ||||||||||
| Patterson-UTI Energy, Inc. | 5.15 | 11/15/29 | 15,000 | 13,259 | ||||||||||
| PBF Holding Co. LLC/PBF Finance Corp. | 6.00 | 02/15/28 | 40,000 | 36,422 | ||||||||||
| PBF Holding Co. LLC/PBF Finance Corp. | 7.25 | 06/15/25 | 35,000 | 34,714 | ||||||||||
| PDC Energy, Inc. | 5.75 | 05/15/26 | 40,000 | 38,396 | ||||||||||
| Permian Resources Operating LLC(1) | 6.88 | 04/01/27 | 30,000 | 29,142 | ||||||||||
| Petrofac Ltd.(1) | 9.75 | 11/15/26 | 55,000 | 40,898 | ||||||||||
| Precision Drilling Corp.(1) | 6.88 | 01/15/29 | 25,000 | 23,027 | ||||||||||
| Range Resources Corp.(1) | 4.75 | 02/15/30 | 25,000 | 22,136 | ||||||||||
| Range Resources Corp. | 4.88 | 05/15/25 | 45,000 | 43,507 | ||||||||||
| Range Resources Corp. | 8.25 | 01/15/29 | 20,000 | 20,811 | ||||||||||
| ROCC Holdings LLC(1) | 9.25 | 08/15/26 | 20,000 | 19,756 | ||||||||||
| Rockcliff Energy II LLC(1) | 5.50 | 10/15/29 | 25,000 | 22,328 | ||||||||||
| SM Energy Co. | 6.50 | 07/15/28 | 25,000 | 24,289 | ||||||||||
| SM Energy Co. | 6.75 | 09/15/26 | 55,000 | 54,257 | ||||||||||
| Southwestern Energy Co. | 4.75 | 02/01/32 | 55,000 | 47,557 | ||||||||||
| Southwestern Energy Co. | 5.38 | 02/01/29 | 35,000 | 32,691 | ||||||||||
| Southwestern Energy Co. | 5.38 | 03/15/30 | 55,000 | 50,949 | ||||||||||
| Southwestern Energy Co. | 5.70 | 01/23/25 | 10,000 | 9,838 | ||||||||||
| Southwestern Energy Co. | 7.75 | 10/01/27 | 20,000 | 20,599 | ||||||||||
| Southwestern Energy Co. | 8.38 | 09/15/28 | 40,000 | 41,436 | ||||||||||
| Strathcona Resources Ltd./Alberta(1) | 6.88 | 08/01/26 | 25,000 | 21,208 | ||||||||||
| Sunoco LP/Sunoco Finance Corp. | 4.50 | 05/15/29 | 45,000 | 38,760 | ||||||||||
| Sunoco LP/Sunoco Finance Corp. | 4.50 | 04/30/30 | 55,000 | 46,913 | ||||||||||
| Sunoco LP/Sunoco Finance Corp. | 6.00 | 04/15/27 | 20,000 | 19,640 | ||||||||||
| Talos Production, Inc. | 12.00 | 01/15/26 | 25,000 | 26,549 | ||||||||||
| Tap Rock Resources LLC(1) | 7.00 | 10/01/26 | 20,000 | 18,705 | ||||||||||
| Teine Energy Ltd.(1) | 6.88 | 04/15/29 | 20,000 | 17,869 | ||||||||||
| Transocean Guardian Ltd.(1) | 5.88 | 01/15/24 | 8,142 | 7,925 | ||||||||||
| Transocean Pontus Ltd.(1) | 6.13 | 08/01/25 | 14,000 | 13,493 | ||||||||||
| Transocean Poseidon Ltd.(1) | 6.88 | 02/01/27 | 21,875 | 20,979 | ||||||||||
| Transocean, Inc. | 6.80 | 03/15/38 | 20,000 | 12,196 | ||||||||||
| Transocean, Inc.(1) | 7.25 | 11/01/25 | 15,000 | 13,261 | ||||||||||
| Transocean, Inc.(1) | 7.50 | 01/15/26 | 50,000 | 42,360 | ||||||||||
| Transocean, Inc. | 7.50 | 04/15/31 | 15,000 | 9,809 | ||||||||||
| Transocean, Inc.(1) | 8.00 | 02/01/27 | 30,000 | 24,372 | ||||||||||
| Transocean, Inc.(1) | 11.50 | 01/30/27 | 25,000 | 25,151 | ||||||||||
| Vermilion Energy, Inc.(1) | 6.88 | 05/01/30 | 30,000 | 28,108 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| OIL & GAS – 53.0% (Continued) | ||||||||||||||
| Viper Energy Partners LP(1) | 5.38 | 11/01/27 | $ | 25,000 | $ | 23,547 | ||||||||
| W&T Offshore, Inc.(1) | 9.75 | 11/01/23 | 30,000 | 29,743 | ||||||||||
| 3,985,261 | ||||||||||||||
| OIL & GAS SERVICES – 4.6% | ||||||||||||||
| Archrock Partners LP/Archrock Partners Finance Corp.(1) | 6.25 | 04/01/28 | 40,000 | 37,278 | ||||||||||
| Archrock Partners LP/Archrock Partners Finance Corp.(1) | 6.88 | 04/01/27 | 15,000 | 14,307 | ||||||||||
| Bristow Group, Inc.(1) | 6.88 | 03/01/28 | 20,000 | 18,543 | ||||||||||
| CGG SA(1) | 8.75 | 04/01/27 | 20,000 | 17,716 | ||||||||||
| CSI Compressco LP/CSI Compressco Finance, Inc.(1) | 7.50 | 04/01/25 | 10,000 | 8,932 | ||||||||||
| Enerflex Ltd.(1) | 9.00 | 10/15/27 | 30,000 | 29,231 | ||||||||||
| KLX Energy Services Holdings, Inc.(1) | 11.50 | 11/01/25 | 5,000 | 4,098 | ||||||||||
| Oceaneering International, Inc. | 4.65 | 11/15/24 | 15,000 | 14,377 | ||||||||||
| Oceaneering International, Inc. | 6.00 | 02/01/28 | 10,000 | 8,937 | ||||||||||
| Transocean Phoenix 2 Ltd.(1) | 7.75 | 10/15/24 | 4,000 | 3,982 | ||||||||||
| Transocean Proteus Ltd.(1) | 6.25 | 12/01/24 | 4,500 | 4,393 | ||||||||||
| USA Compression Partners LP/USA Compression Finance Corp. | 6.88 | 04/01/26 | 40,000 | 38,451 | ||||||||||
| USA Compression Partners LP/USA Compression Finance Corp. | 6.88 | 09/01/27 | 30,000 | 28,722 | ||||||||||
| Weatherford International Ltd.(1) | 6.50 | 09/15/28 | 20,000 | 19,132 | ||||||||||
| Weatherford International Ltd.(1) | 8.63 | 04/30/30 | 85,000 | 80,288 | ||||||||||
| Welltec International ApS(1) | 8.25 | 10/15/26 | 15,000 | 14,562 | ||||||||||
| 342,949 | ||||||||||||||
| PIPELINES – 38.1% | ||||||||||||||
| Antero Midstream Partners LP/Antero Midstream Finance Corp.(1) | 5.38 | 06/15/29 | 35,000 | 32,003 | ||||||||||
| Antero Midstream Partners LP/Antero Midstream Finance Corp.(1) | 5.75 | 03/01/27 | 30,000 | 28,637 | ||||||||||
| Antero Midstream Partners LP/Antero Midstream Finance Corp.(1) | 5.75 | 01/15/28 | 35,000 | 33,053 | ||||||||||
| Antero Midstream Partners LP/Antero Midstream Finance Corp.(1) | 7.88 | 05/15/26 | 20,000 | 20,426 | ||||||||||
| Blue Racer Midstream LLC/Blue Racer Finance Corp.(1) | 7.63 | 12/15/25 | 35,000 | 34,644 | ||||||||||
| Buckeye Partners LP | 3.95 | 12/01/26 | 40,000 | 35,193 | ||||||||||
| Buckeye Partners LP(1) | 4.13 | 03/01/25 | 30,000 | 28,316 | ||||||||||
| Buckeye Partners LP | 4.13 | 12/01/27 | 50,000 | 43,503 | ||||||||||
| Buckeye Partners LP(1) | 4.50 | 03/01/28 | 20,000 | 17,379 | ||||||||||
| Buckeye Partners LP | 5.85 | 11/15/43 | 20,000 | 15,035 | ||||||||||
| Cheniere Energy Partners LP | 3.25 | 01/31/32 | 55,000 | 42,866 | ||||||||||
| Cheniere Energy Partners LP | 4.00 | 03/01/31 | 80,000 | 67,550 | ||||||||||
| Cheniere Energy Partners LP | 4.50 | 10/01/29 | 70,000 | 61,918 | ||||||||||
| Cheniere Energy, Inc. | 4.63 | 10/15/28 | 100,000 | 92,456 | ||||||||||
| CNX Midstream Partners LP(1) | 4.75 | 04/15/30 | 20,000 | 16,479 | ||||||||||
| CQP Holdco LP/BIP-V Chinook Holdco LLC(1) | 5.50 | 06/15/31 | 70,000 | 62,268 | ||||||||||
| Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(1) | 5.63 | 05/01/27 | 35,000 | 33,003 | ||||||||||
| Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp. | 5.75 | 04/01/25 | 10,000 | 9,764 | ||||||||||
| Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(1) | 6.00 | 02/01/29 | 50,000 | 46,870 | ||||||||||
| Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(1) | 8.00 | 04/01/29 | 10,000 | 10,014 | ||||||||||
| Delek Logistics Partners LP/Delek Logistics Finance Corp.(1) | 7.13 | 06/01/28 | 20,000 | 17,941 | ||||||||||
| DT Midstream, Inc.(1) | 4.13 | 06/15/29 | 40,000 | 34,679 | ||||||||||
| DT Midstream, Inc.(1) | 4.38 | 06/15/31 | 55,000 | 46,475 | ||||||||||
| EnLink Midstream LLC | 5.38 | 06/01/29 | 25,000 | 23,117 | ||||||||||
| EnLink Midstream LLC(1) | 5.63 | 01/15/28 | 20,000 | 19,198 | ||||||||||
| EnLink Midstream LLC(1) | 6.50 | 09/01/30 | 40,000 | 39,350 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| PIPELINES – 38.1% (Continued) | ||||||||||||||
| EnLink Midstream Partners LP | 4.15 | 06/01/25 | $ | 19,000 | $ | 17,928 | ||||||||
| EnLink Midstream Partners LP | 4.85 | 07/15/26 | 20,000 | 18,881 | ||||||||||
| EnLink Midstream Partners LP | 5.05 | 04/01/45 | 10,000 | 7,275 | ||||||||||
| EnLink Midstream Partners LP | 5.45 | 06/01/47 | 20,000 | 15,223 | ||||||||||
| EnLink Midstream Partners LP | 5.60 | 04/01/44 | 35,000 | 27,332 | ||||||||||
| EQM Midstream Partners LP | 4.00 | 08/01/24 | 6,000 | 5,690 | ||||||||||
| EQM Midstream Partners LP(1) | 4.50 | 01/15/29 | 50,000 | 42,623 | ||||||||||
| EQM Midstream Partners LP(1) | 4.75 | 01/15/31 | 60,000 | 50,286 | ||||||||||
| EQM Midstream Partners LP | 5.50 | 07/15/28 | 55,000 | 49,251 | ||||||||||
| EQM Midstream Partners LP(1) | 6.00 | 07/01/25 | 16,000 | 15,517 | ||||||||||
| EQM Midstream Partners LP(1) | 6.50 | 07/01/27 | 45,000 | 43,985 | ||||||||||
| EQM Midstream Partners LP | 6.50 | 07/15/48 | 20,000 | 15,429 | ||||||||||
| EQM Midstream Partners LP(1) | 7.50 | 06/01/27 | 30,000 | 29,660 | ||||||||||
| EQM Midstream Partners LP(1) | 7.50 | 06/01/30 | 20,000 | 19,477 | ||||||||||
| Genesis Energy LP/Genesis Energy Finance Corp. | 6.25 | 05/15/26 | 15,000 | 14,057 | ||||||||||
| Genesis Energy LP/Genesis Energy Finance Corp. | 6.50 | 10/01/25 | 25,000 | 24,007 | ||||||||||
| Genesis Energy LP/Genesis Energy Finance Corp. | 7.75 | 02/01/28 | 20,000 | 19,124 | ||||||||||
| Genesis Energy LP/Genesis Energy Finance Corp. | 8.00 | 01/15/27 | 70,000 | 67,919 | ||||||||||
| Global Partners LP/GLP Finance Corp. | 6.88 | 01/15/29 | 25,000 | 22,652 | ||||||||||
| Global Partners LP/GLP Finance Corp. | 7.00 | 08/01/27 | 15,000 | 14,280 | ||||||||||
| Harvest Midstream I LP(1) | 7.50 | 09/01/28 | 40,000 | 38,449 | ||||||||||
| Hess Midstream Operations LP(1) | 4.25 | 02/15/30 | 55,000 | 47,185 | ||||||||||
| Hess Midstream Operations LP(1) | 5.13 | 06/15/28 | 30,000 | 27,646 | ||||||||||
| Hess Midstream Operations LP(1) | 5.50 | 10/15/30 | 10,000 | 9,036 | ||||||||||
| Hess Midstream Operations LP(1) | 5.63 | 02/15/26 | 20,000 | 19,645 | ||||||||||
| Holly Energy Partners LP/Holly Energy Finance Corp.(1) | 5.00 | 02/01/28 | 35,000 | 31,683 | ||||||||||
| Holly Energy Partners LP/Holly Energy Finance Corp.(1) | 6.38 | 04/15/27 | 15,000 | 14,507 | ||||||||||
| Howard Midstream Energy Partners LLC(1) | 6.75 | 01/15/27 | 30,000 | 27,263 | ||||||||||
| ITT Holdings LLC(1) | 6.50 | 08/01/29 | 60,000 | 48,360 | ||||||||||
| Kinetik Holdings LP(1) | 5.88 | 06/15/30 | 50,000 | 46,967 | ||||||||||
| Martin Midstream Partners LP/Martin Midstream Finance Corp.(1) | 11.50 | 02/28/25 | 15,000 | 14,627 | ||||||||||
| New Fortress Energy, Inc.(1) | 6.50 | 09/30/26 | 65,000 | 63,180 | ||||||||||
| New Fortress Energy, Inc.(1) | 6.75 | 09/15/25 | 75,000 | 73,736 | ||||||||||
| NGL Energy Operating LLC/NGL Energy Finance Corp.(1) | 7.50 | 02/01/26 | 60,000 | 54,380 | ||||||||||
| NGL Energy Partners LP/NGL Energy Finance Corp. | 6.13 | 03/01/25 | 10,000 | 7,815 | ||||||||||
| NGL Energy Partners LP/NGL Energy Finance Corp. | 7.50 | 11/01/23 | 20,000 | 19,529 | ||||||||||
| NGL Energy Partners LP/NGL Energy Finance Corp. | 7.50 | 04/15/26 | 60,000 | 43,841 | ||||||||||
| Northriver Midstream Finance LP(1) | 5.63 | 02/15/26 | 10,000 | 9,482 | ||||||||||
| NuStar Logistics LP | 5.75 | 10/01/25 | 25,000 | 24,160 | �� | |||||||||
| NuStar Logistics LP | 6.00 | 06/01/26 | 15,000 | 14,569 | ||||||||||
| NuStar Logistics LP | 6.38 | 10/01/30 | 60,000 | 55,741 | ||||||||||
| Rattler Midstream LP(1) | 5.63 | 07/15/25 | 20,000 | 20,563 | ||||||||||
| Rockies Express Pipeline LLC(1) | 3.60 | 05/15/25 | 10,000 | 9,314 | ||||||||||
| Rockies Express Pipeline LLC(1) | 4.80 | 05/15/30 | 45,000 | 38,088 | ||||||||||
| Rockies Express Pipeline LLC(1) | 4.95 | 07/15/29 | 10,000 | 8,787 | ||||||||||
| Rockies Express Pipeline LLC(1) | 6.88 | 04/15/40 | 20,000 | 16,358 | ||||||||||
| Rockies Express Pipeline LLC(1) | 7.50 | 07/15/38 | 10,000 | 8,742 | ||||||||||
| Southeast Supply Header LLC(1) | 4.25 | 06/15/24 | 40,000 | 36,191 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| PIPELINES – 38.1% (Continued) | ||||||||||||||
| Summit Midstream Holdings LLC/Summit Midstream Finance Corp.(1) | 8.50 | 10/15/26 | $ | 40,000 | $ | 38,449 | ||||||||
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1) | 5.50 | 01/15/28 | 20,000 | 17,979 | ||||||||||
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1) | 6.00 | 03/01/27 | 25,000 | 23,629 | ||||||||||
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1) | 6.00 | 12/31/30 | 30,000 | 27,233 | ||||||||||
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1) | 6.00 | 09/01/31 | 40,000 | 35,665 | ||||||||||
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1) | 7.50 | 10/01/25 | 20,000 | 20,245 | ||||||||||
| TransMontaigne Partners LP/TLP Finance Corp. | 6.13 | 02/15/26 | 25,000 | 21,536 | ||||||||||
| Venture Global Calcasieu Pass LLC(1) | 3.88 | 08/15/29 | 70,000 | 60,214 | ||||||||||
| Venture Global Calcasieu Pass LLC(1) | 3.88 | 11/01/33 | 60,000 | 48,266 | ||||||||||
| Venture Global Calcasieu Pass LLC(1) | 4.13 | 08/15/31 | 50,000 | 42,751 | ||||||||||
| Western Midstream Operating LP | 3.35 | 02/01/25 | 30,000 | 28,580 | ||||||||||
| Western Midstream Operating LP | 3.95 | 06/01/25 | 20,000 | 18,990 | ||||||||||
| Western Midstream Operating LP | 4.30 | 02/01/30 | 55,000 | 48,484 | ||||||||||
| Western Midstream Operating LP | 4.50 | 03/01/28 | 45,000 | 41,349 | ||||||||||
| Western Midstream Operating LP | 4.65 | 07/01/26 | 25,000 | 23,723 | ||||||||||
| Western Midstream Operating LP | 4.75 | 08/15/28 | 10,000 | 9,243 | ||||||||||
| Western Midstream Operating LP | 5.30 | 03/01/48 | 20,000 | 16,194 | ||||||||||
| Western Midstream Operating LP | 5.45 | 04/01/44 | 25,000 | 20,348 | ||||||||||
| Western Midstream Operating LP | 5.50 | 08/15/48 | 35,000 | 28,365 | ||||||||||
| Western Midstream Operating LP | 5.50 | 02/01/50 | 40,000 | 31,228 | ||||||||||
| 2,865,048 | ||||||||||||||
| RETAIL – 0.5% | ||||||||||||||
| Superior Plus LP/Superior General Partner, Inc.(1) | 4.50 | 03/15/29 | 30,000 | 25,502 | ||||||||||
| Vivo Energy Investments BV(1) | 5.13 | 09/24/27 | 10,000 | 9,050 | ||||||||||
| 34,552 | ||||||||||||||
| WATER – 0.2% | ||||||||||||||
| Solaris Midstream Holdings LLC(1) | 7.63 | 04/01/26 | 20,000 | 19,081 | ||||||||||
| TOTAL CORPORATE BONDS (Cost - $7,731,048) | 7,328,711 | |||||||||||||
| SHORT-TERM INVESTMENTS – 1.7% | ||||||||||||||
| TIME DEPOSITS – 1.7% | ||||||||||||||
| Sumitomo, Tokyo | 2.43 | 11/01/22 | 128,936 | 128,936 | ||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $128,936) | 128,936 | |||||||||||||
| TOTAL INVESTMENTS – 99.2% (Cost - $7,859,984) | $ | 7,457,647 | ||||||||||||
| OTHER ASSETS LESS LIABILITIES – 0.8% | 58,427 | |||||||||||||
| NET ASSETS – 100.0% | $ | 7,516,074 | ||||||||||||
| (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 October 31, 2022, amounted to $4,172,192 and represented 55.5% 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.
57
BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
Portfolio of Investments
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| CORPORATE BONDS – 96.2% | ||||||||||||||
| APPAREL – 2.0% | ||||||||||||||
| Crocs, Inc.(1) | 4.13 | 08/15/31 | $ | 5,000 | $ | 3,793 | ||||||||
| Crocs, Inc.(1) | 4.25 | 03/15/29 | 25,000 | 19,969 | ||||||||||
| Hanesbrands, Inc.(1) | 4.63 | 05/15/24 | 35,000 | 34,123 | ||||||||||
| Hanesbrands, Inc.(1) | 4.88 | 05/15/26 | 25,000 | 22,987 | ||||||||||
| Kontoor Brands, Inc.(1) | 4.13 | 11/15/29 | 10,000 | 8,032 | ||||||||||
| Levi Strauss & Co.(1) | 3.50 | 03/01/31 | 10,000 | 8,014 | ||||||||||
| Under Armour, Inc. | 3.25 | 06/15/26 | 25,000 | 21,633 | ||||||||||
| William Carter Co.(1) | 5.63 | 03/15/27 | 10,000 | 9,521 | ||||||||||
| Wolverine World Wide, Inc.(1) | 4.00 | 08/15/29 | 10,000 | 7,915 | ||||||||||
| 135,987 | ||||||||||||||
| AUTO MANUFACTURERS – 15.3% | ||||||||||||||
| Allison Transmission, Inc.(1) | 3.75 | 01/30/31 | 40,000 | 32,010 | ||||||||||
| Allison Transmission, Inc.(1) | 5.88 | 06/01/29 | 20,000 | 18,679 | ||||||||||
| Aston Martin Capital Holdings Ltd.(1) | 10.50 | 11/30/25 | 35,000 | 33,639 | ||||||||||
| Ford Holdings LLC | 9.30 | 03/01/30 | 15,000 | 16,849 | ||||||||||
| Ford Motor Co. | 3.25 | 02/12/32 | 60,000 | 45,151 | ||||||||||
| Ford Motor Co. | 4.35 | 12/08/26 | 25,000 | 23,298 | ||||||||||
| Ford Motor Co. | 4.75 | 01/15/43 | 55,000 | 38,400 | ||||||||||
| Ford Motor Co. | 5.29 | 12/08/46 | 45,000 | 33,421 | ||||||||||
| Ford Motor Co. | 6.10 | 08/19/32 | 20,000 | 18,337 | ||||||||||
| Ford Motor Co. | 6.63 | 10/01/28 | 50,000 | 49,389 | ||||||||||
| Ford Motor Co. | 7.40 | 11/01/46 | 10,000 | 9,222 | ||||||||||
| Ford Motor Co. | 7.45 | 07/16/31 | 50,000 | 50,236 | ||||||||||
| Ford Motor Co. | 9.63 | 04/22/30 | 15,000 | 16,765 | ||||||||||
| Ford Motor Credit Co. LLC | 2.30 | 02/10/25 | 25,000 | 22,660 | ||||||||||
| Ford Motor Credit Co. LLC | 2.70 | 08/10/26 | 20,000 | 17,355 | ||||||||||
| Ford Motor Credit Co. LLC | 2.90 | 02/16/28 | 20,000 | 16,285 | ||||||||||
| Ford Motor Credit Co. LLC | 2.90 | 02/10/29 | 15,000 | 11,794 | ||||||||||
| Ford Motor Credit Co. LLC | 3.37 | 11/17/23 | 30,000 | 28,998 | ||||||||||
| Ford Motor Credit Co. LLC | 3.38 | 11/13/25 | 105,000 | 95,448 | ||||||||||
| Ford Motor Credit Co. LLC | 3.63 | 06/17/31 | 25,000 | 19,495 | ||||||||||
| Ford Motor Credit Co. LLC | 3.81 | 01/09/24 | 35,000 | 33,845 | ||||||||||
| Ford Motor Credit Co. LLC | 3.82 | 11/02/27 | 25,000 | 21,532 | ||||||||||
| Ford Motor Credit Co. LLC | 4.00 | 11/13/30 | 30,000 | 24,343 | ||||||||||
| Ford Motor Credit Co. LLC | 4.06 | 11/01/24 | 30,000 | 28,834 | ||||||||||
| Ford Motor Credit Co. LLC | 4.13 | 08/17/27 | 25,000 | 22,255 | ||||||||||
| Ford Motor Credit Co. LLC | 4.27 | 01/09/27 | 65,000 | 58,838 | ||||||||||
| Ford Motor Credit Co. LLC | 4.39 | 01/08/26 | 25,000 | 23,128 | ||||||||||
| Ford Motor Credit Co. LLC | 4.54 | 08/01/26 | 30,000 | 27,680 | ||||||||||
| Ford Motor Credit Co. LLC | 4.95 | 05/28/27 | 25,000 | 22,925 | ||||||||||
| Ford Motor Credit Co. LLC | 5.11 | 05/03/29 | 20,000 | 17,915 | ||||||||||
| Ford Motor Credit Co. LLC | 5.13 | 06/16/25 | 40,000 | 38,656 | ||||||||||
| Ford Motor Credit Co. LLC | 5.58 | 03/18/24 | 40,000 | 39,452 | ||||||||||
| Jaguar Land Rover Automotive PLC(1) | 5.50 | 07/15/29 | 45,000 | 31,882 | ||||||||||
| Jaguar Land Rover Automotive PLC(1) | 7.75 | 10/15/25 | 55,000 | 50,864 | ||||||||||
| Mclaren Finance PLC(1) | 7.50 | 08/01/26 | 25,000 | 20,100 | ||||||||||
| 1,059,680 | ||||||||||||||
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 (Continued)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| AUTO PARTS & EQUIPMENT – 6.6% | ||||||||||||||
| Adient Global Holdings Ltd.(1) | 4.88 | 08/15/26 | $ | 30,000 | $ | 26,927 | ||||||||
| American Axle & Manufacturing, Inc. | 5.00 | 10/01/29 | 15,000 | 12,211 | ||||||||||
| American Axle & Manufacturing, Inc. | 6.50 | 04/01/27 | 20,000 | 18,429 | ||||||||||
| American Axle & Manufacturing, Inc. | 6.88 | 07/01/28 | 20,000 | 18,506 | ||||||||||
| Dana, Inc. | 4.25 | 09/01/30 | 15,000 | 12,036 | ||||||||||
| Dana, Inc. | 4.50 | 02/15/32 | 15,000 | 11,490 | ||||||||||
| Dana, Inc. | 5.38 | 11/15/27 | 20,000 | 18,129 | ||||||||||
| Dana, Inc. | 5.63 | 06/15/28 | 30,000 | 27,195 | ||||||||||
| Dealer Tire LLC/DT Issuer LLC(1) | 8.00 | 02/01/28 | 25,000 | 21,902 | ||||||||||
| Goodyear Tire & Rubber Co. | 5.00 | 05/31/26 | 40,000 | 38,586 | ||||||||||
| Goodyear Tire & Rubber Co. | 5.00 | 07/15/29 | 25,000 | 21,744 | ||||||||||
| Goodyear Tire & Rubber Co. | 5.25 | 04/30/31 | 55,000 | 46,357 | ||||||||||
| Goodyear Tire & Rubber Co. | 5.25 | 07/15/31 | 15,000 | 12,729 | ||||||||||
| Goodyear Tire & Rubber Co. | 5.63 | 04/30/33 | 20,000 | 16,770 | ||||||||||
| Goodyear Tire & Rubber Co. | 9.50 | 05/31/25 | 25,000 | 26,012 | ||||||||||
| Real Hero Merger Sub 2, Inc.(1) | 6.25 | 02/01/29 | 30,000 | 21,580 | ||||||||||
| Tenneco, Inc. | 5.00 | 07/15/26 | 45,000 | 44,944 | ||||||||||
| Tenneco, Inc.(1) | 5.13 | 04/15/29 | 30,000 | 29,796 | ||||||||||
| Wheel Pros, Inc.(1) | 6.50 | 05/15/29 | 20,000 | 9,443 | ||||||||||
| ZF North America Capital, Inc.(1) | 4.75 | 04/29/25 | 20,000 | 18,741 | ||||||||||
| 453,527 | ||||||||||||||
| COMMERCIAL SERVICES – 0.3% | ||||||||||||||
| Metis Merger Sub LLC(1) | 6.50 | 05/15/29 | 20,000 | 16,098 | ||||||||||
| Rent-A-Center, Inc./TX(1) | 6.38 | 02/15/29 | 10,000 | 7,805 | ||||||||||
| 23,903 | ||||||||||||||
| DISTRIBUTION/WHOLESALE – 0.1% | ||||||||||||||
| G-III Apparel Group Ltd.(1) | 7.88 | 08/15/25 | 10,000 | 9,486 | ||||||||||
| DIVERSIFIED FINANCIAL SERVICES – 0.2% | ||||||||||||||
| Cobra Acquisition Co LLC(1) | 6.38 | 11/01/29 | 20,000 | 13,330 | ||||||||||
| ENTERTAINMENT – 18.9% | ||||||||||||||
| Affinity Gaming(1) | 6.88 | 12/15/27 | 15,000 | 12,543 | ||||||||||
| AMC Entertainment Holdings, Inc.(1) | 7.50 | 02/15/29 | 20,000 | 13,775 | ||||||||||
| Boyne USA, Inc.(1) | 4.75 | 05/15/29 | 15,000 | 13,158 | ||||||||||
| Caesars Entertainment, Inc.(1) | 4.63 | 10/15/29 | 60,000 | 48,119 | ||||||||||
| Caesars Entertainment, Inc.(1) | 6.25 | 07/01/25 | 130,000 | 127,042 | ||||||||||
| Caesars Entertainment, Inc.(1) | 8.13 | 07/01/27 | 30,000 | 29,228 | ||||||||||
| Caesars Resort Collection LLC/CRC FinCo., Inc.(1) | 5.75 | 07/01/25 | 30,000 | 29,344 | ||||||||||
| CCM Merger, Inc.(1) | 6.38 | 05/01/26 | 15,000 | 13,705 | ||||||||||
| CDI Escrow Issuer, Inc.(1) | 5.75 | 04/01/30 | 35,000 | 31,640 | ||||||||||
| Cedar Fair LP | 5.25 | 07/15/29 | 10,000 | 8,813 | ||||||||||
| Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op | 5.38 | 04/15/27 | 15,000 | 14,160 | ||||||||||
| Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op(1) | 5.50 | 05/01/25 | 35,000 | 34,781 | ||||||||||
| Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op | 6.50 | 10/01/28 | 15,000 | 14,075 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| ENTERTAINMENT – 18.9% (Continued) | ||||||||||||||
| Churchill Downs, Inc.(1) | 4.75 | 01/15/28 | $ | 10,000 | $ | 8,854 | ||||||||
| Churchill Downs, Inc.(1) | 5.50 | 04/01/27 | 45,000 | 43,109 | ||||||||||
| Cinemark USA, Inc.(1) | 5.25 | 07/15/28 | 20,000 | 15,232 | ||||||||||
| Cinemark USA, Inc.(1) | 5.88 | 03/15/26 | 10,000 | 8,434 | ||||||||||
| Cinemark USA, Inc.(1) | 8.75 | 05/01/25 | 10,000 | 10,042 | ||||||||||
| Empire Resorts, Inc.(1) | 7.75 | 11/01/26 | 10,000 | 8,244 | ||||||||||
| Everi Holdings, Inc.(1) | 5.00 | 07/15/29 | 30,000 | 26,181 | ||||||||||
| International Game Technology PLC(1) | 4.13 | 04/15/26 | 50,000 | 46,488 | ||||||||||
| International Game Technology PLC(1) | 5.25 | 01/15/29 | 55,000 | 51,166 | ||||||||||
| International Game Technology PLC(1) | 6.50 | 02/15/25 | 25,000 | 25,048 | ||||||||||
| Jacobs Entertainment, Inc.(1) | 6.75 | 02/15/29 | 20,000 | 17,667 | ||||||||||
| Live Nation Entertainment, Inc.(1) | 3.75 | 01/15/28 | 15,000 | 13,091 | ||||||||||
| Live Nation Entertainment, Inc.(1) | 4.75 | 10/15/27 | 25,000 | 22,280 | ||||||||||
| Live Nation Entertainment, Inc.(1) | 4.88 | 11/01/24 | 10,000 | 9,734 | ||||||||||
| Live Nation Entertainment, Inc.(1) | 5.63 | 03/15/26 | 30,000 | 28,691 | ||||||||||
| Live Nation Entertainment, Inc.(1) | 6.50 | 05/15/27 | 60,000 | 59,785 | ||||||||||
| Merlin Entertainments Ltd.(1) | 5.75 | 06/15/26 | 15,000 | 13,969 | ||||||||||
| Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.(1) | 4.88 | 05/01/29 | 15,000 | 12,718 | ||||||||||
| Mohegan Gaming & Entertainment(1) | 8.00 | 02/01/26 | 60,000 | 50,725 | ||||||||||
| Odeon FinCo. PLC(1) | 12.75 | 11/01/27 | 25,000 | 22,380 | ||||||||||
| Peninsula Pacific Entertainment LLC/Peninsula Pacific Entertainment Finance In(1) | 8.50 | 11/15/27 | 40,000 | 42,944 | ||||||||||
| Penn Entertainment, Inc.(1) | 4.13 | 07/01/29 | 35,000 | 27,655 | ||||||||||
| Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.(1) | 5.63 | 09/01/29 | 30,000 | 22,284 | ||||||||||
| Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.(1) | 5.88 | 09/01/31 | 30,000 | 21,330 | ||||||||||
| Raptor Acquisition Corp./Raptor Co.-Issuer LLC(1) | 4.88 | 11/01/26 | 15,000 | 13,261 | ||||||||||
| Resorts World Las Vegas LLC/RWLV Capital, Inc.(1) | 4.63 | 04/16/29 | 25,000 | 17,921 | ||||||||||
| Resorts World Las Vegas LLC/RWLV Capital, Inc.(1) | 4.63 | 04/06/31 | 20,000 | 13,581 | ||||||||||
| Scientific Games Holdings LP/Scientific Games US FinCo., Inc.(1) | 6.63 | 03/01/30 | 25,000 | 21,551 | ||||||||||
| Scientific Games International, Inc.(1) | 7.00 | 05/15/28 | 25,000 | 24,248 | ||||||||||
| Scientific Games International, Inc.(1) | 7.25 | 11/15/29 | 30,000 | 29,041 | ||||||||||
| Scientific Games International, Inc.(1) | 8.63 | 07/01/25 | 15,000 | 15,428 | ||||||||||
| SeaWorld Parks & Entertainment, Inc.(1) | 5.25 | 08/15/29 | 15,000 | 12,923 | ||||||||||
| Six Flags Entertainment Corp.(1) | 4.88 | 07/31/24 | 20,000 | 19,411 | ||||||||||
| Six Flags Entertainment Corp.(1) | 5.50 | 04/15/27 | 20,000 | 18,024 | ||||||||||
| Six Flags Theme Parks, Inc.(1) | 7.00 | 07/01/25 | 38,000 | 38,426 | ||||||||||
| Speedway Motorsports LLC/Speedway Funding II, Inc.(1) | 4.88 | 11/01/27 | 10,000 | 8,703 | ||||||||||
| Universal Entertainment Corp.(1) | 8.50 | 12/11/24 | 20,000 | 18,288 | ||||||||||
| Vail Resorts, Inc.(1) | 6.25 | 05/15/25 | 10,000 | 9,972 | ||||||||||
| Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.(1) | 5.13 | 10/01/29 | 30,000 | 23,934 | ||||||||||
| Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.(1) | 7.75 | 04/15/25 | 25,000 | 24,412 | ||||||||||
| 1,307,558 | ||||||||||||||
| HOME BUILDERS – 0.8% | ||||||||||||||
| Forestar Group, Inc.(1) | 3.85 | 05/15/26 | 30,000 | 25,586 | ||||||||||
| Thor Industries, Inc.(1) | 4.00 | 10/15/29 | 25,000 | 20,251 | ||||||||||
| Winnebago Industries, Inc.(1) | 6.25 | 07/15/28 | 10,000 | 9,319 | ||||||||||
| 55,156 | ||||||||||||||
| INTERNET – 1.4% | ||||||||||||||
| GrubHub Holdings, Inc.(1) | 5.50 | 07/01/27 | 10,000 | 6,720 | ||||||||||
| Millennium Escrow Corp.(1) | 6.63 | 08/01/26 | 30,000 | 21,676 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| INTERNET – 1.4% (Continued) | ||||||||||||||
| Photo Holdings Merger Sub, Inc.(1) | 8.50 | 10/01/26 | $ | 30,000 | $ | 19,813 | ||||||||
| Rakuten Group, Inc.(1),(2) | 5.13 | - | 15,000 | 11,102 | ||||||||||
| Rakuten Group, Inc.(1),(2) | 6.25 | - | 55,000 | 37,623 | ||||||||||
| 96,934 | ||||||||||||||
| LEISURE TIME – 15.2% | ||||||||||||||
| Carnival Corp.(1) | 4.00 | 08/01/28 | 80,000 | 64,600 | ||||||||||
| Carnival Corp.(1) | 5.75 | 03/01/27 | 90,000 | 62,532 | ||||||||||
| Carnival Corp.(1) | 6.00 | 05/01/29 | 80,000 | 53,195 | ||||||||||
| Carnival Corp.(1) | 7.63 | 03/01/26 | 75,000 | 56,522 | ||||||||||
| Carnival Corp.(1) | 9.88 | 08/01/27 | 35,000 | 32,690 | ||||||||||
| Carnival Corp.(1) | 10.50 | 02/01/26 | 45,000 | 44,167 | ||||||||||
| Carnival Corp.(1) | 10.50 | 06/01/30 | 40,000 | 31,073 | ||||||||||
| Carnival Holdings Bermuda Ltd.(1) | 10.38 | 05/01/28 | 75,000 | 76,078 | ||||||||||
| Constellation Merger Sub, Inc.(1) | 8.50 | 09/15/25 | 10,000 | 8,863 | ||||||||||
| Life Time, Inc.(1) | 5.75 | 01/15/26 | 25,000 | 23,314 | ||||||||||
| Life Time, Inc.(1) | 8.00 | 04/15/26 | 30,000 | 26,202 | ||||||||||
| Lindblad Expeditions LLC(1) | 6.75 | 02/15/27 | 15,000 | 13,366 | ||||||||||
| NCL Corp. Ltd.(1) | 3.63 | 12/15/24 | 40,000 | 34,796 | ||||||||||
| NCL Corp. Ltd.(1) | 5.88 | 03/15/26 | 45,000 | 36,938 | ||||||||||
| NCL Corp. Ltd.(1) | 5.88 | 02/15/27 | 45,000 | 40,234 | ||||||||||
| NCL Finance Ltd.(1) | 6.13 | 03/15/28 | 30,000 | 23,370 | ||||||||||
| Royal Caribbean Cruises Ltd. | 3.70 | 03/15/28 | 15,000 | 10,897 | ||||||||||
| Royal Caribbean Cruises Ltd.(1) | 4.25 | 07/01/26 | 25,000 | 19,937 | ||||||||||
| Royal Caribbean Cruises Ltd.(1) | 5.38 | 07/15/27 | 75,000 | 58,489 | ||||||||||
| Royal Caribbean Cruises Ltd.(1) | 5.50 | 08/31/26 | 25,000 | 20,509 | ||||||||||
| Royal Caribbean Cruises Ltd.(1) | 5.50 | 04/01/28 | 40,000 | 30,916 | ||||||||||
| Royal Caribbean Cruises Ltd. | 7.50 | 10/15/27 | 15,000 | 12,456 | ||||||||||
| Royal Caribbean Cruises Ltd.(1) | 8.25 | 01/15/29 | 50,000 | 49,912 | ||||||||||
| Royal Caribbean Cruises Ltd.(1) | 11.50 | 06/01/25 | 70,000 | 75,475 | ||||||||||
| Royal Caribbean Cruises Ltd.(1) | 11.63 | 08/15/27 | 50,000 | 48,036 | ||||||||||
| Viking Cruises Ltd.(1) | 5.88 | 09/15/27 | 15,000 | 11,890 | ||||||||||
| Viking Cruises Ltd.(1) | 7.00 | 02/15/29 | 25,000 | 19,871 | ||||||||||
| Viking Cruises Ltd.(1) | 13.00 | 05/15/25 | 15,000 | 16,164 | ||||||||||
| Viking Ocean Cruises Ship VII Ltd.(1) | 5.63 | 02/15/29 | 55,000 | 42,956 | ||||||||||
| VOC Escrow Ltd.(1) | 5.00 | 02/15/28 | 10,000 | 8,258 | ||||||||||
| 1,053,706 | ||||||||||||||
| LODGING – 12.6% | ||||||||||||||
| Boyd Gaming Corp. | 4.75 | 12/01/27 | 70,000 | 64,669 | ||||||||||
| Boyd Gaming Corp.(1) | 4.75 | 06/15/31 | 20,000 | 16,922 | ||||||||||
| Full House Resorts, Inc.(1) | 8.25 | 02/15/28 | 15,000 | 13,072 | ||||||||||
| Genting New York LLC/GENNY Capital, Inc.(1) | 3.30 | 02/15/26 | 10,000 | 8,774 | ||||||||||
| Hilton Domestic Operating Co., Inc.(1) | 3.63 | 02/15/32 | 85,000 | 67,838 | ||||||||||
| Hilton Domestic Operating Co., Inc.(1) | 3.75 | 05/01/29 | 20,000 | 17,081 | ||||||||||
| Hilton Domestic Operating Co., Inc.(1) | 4.00 | 05/01/31 | 55,000 | 46,061 | ||||||||||
| Hilton Domestic Operating Co., Inc.(1) | 5.38 | 05/01/25 | 10,000 | 9,875 | ||||||||||
| Hilton Domestic Operating Co., Inc.(1) | 5.75 | 05/01/28 | 40,000 | 38,657 | ||||||||||
| Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc(1) | 4.88 | 07/01/31 | 10,000 | 8,189 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| LODGING – 12.6% (Continued) | ||||||||||||||
| Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc(1) | 5.00 | 06/01/29 | $ | 50,000 | $ | 43,003 | ||||||||
| Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp. | 4.88 | 04/01/27 | 10,000 | 9,524 | ||||||||||
| Las Vegas Sands Corp. | 2.90 | 06/25/25 | 15,000 | 13,594 | ||||||||||
| Las Vegas Sands Corp. | 3.20 | 08/08/24 | 60,000 | 57,157 | ||||||||||
| Las Vegas Sands Corp. | 3.50 | 08/18/26 | 40,000 | 34,969 | ||||||||||
| Las Vegas Sands Corp. | 3.90 | 08/08/29 | 30,000 | 24,278 | ||||||||||
| Marriott Ownership Resorts, Inc.(1) | 4.50 | 06/15/29 | 30,000 | 25,156 | ||||||||||
| MGM Resorts International | 4.63 | 09/01/26 | 25,000 | 22,846 | ||||||||||
| MGM Resorts International | 4.75 | 10/15/28 | 10,000 | 8,693 | ||||||||||
| MGM Resorts International | 5.50 | 04/15/27 | 45,000 | 41,560 | ||||||||||
| MGM Resorts International | 5.75 | 06/15/25 | 20,000 | 19,443 | ||||||||||
| MGM Resorts International | 6.75 | 05/01/25 | 25,000 | 24,714 | ||||||||||
| Station Casinos LLC(1) | 4.50 | 02/15/28 | 35,000 | 30,232 | ||||||||||
| Station Casinos LLC(1) | 4.63 | 12/01/31 | 15,000 | 11,936 | ||||||||||
| Sugarhouse HSP Gaming Prop Mezz LP/Sugarhouse HSP Gaming Finance Corp.(1) | 5.88 | 05/15/25 | 25,000 | 23,467 | ||||||||||
| Travel + Leisure Co.(1) | 4.50 | 12/01/29 | 40,000 | 32,699 | ||||||||||
| Travel + Leisure Co.(1) | 4.63 | 03/01/30 | 25,000 | 20,216 | ||||||||||
| Travel + Leisure Co.(1) | 6.63 | 07/31/26 | 35,000 | 34,146 | ||||||||||
| Wyndham Hotels & Resorts, Inc.(1) | 4.38 | 08/15/28 | 10,000 | 8,820 | ||||||||||
| Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.(1) | 5.25 | 05/15/27 | 30,000 | 26,153 | ||||||||||
| Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.(1) | 5.50 | 03/01/25 | 75,000 | 71,101 | ||||||||||
| 874,845 | ||||||||||||||
| MEDIA – 0.4% | ||||||||||||||
| Liberty Interactive LLC | 8.25 | 02/01/30 | 25,000 | 15,646 | ||||||||||
| Liberty Interactive LLC | 8.50 | 07/15/29 | 15,000 | 9,548 | ||||||||||
| 25,194 | ||||||||||||||
| MISCELLANEOUS MANUFACTURER – 0.2% | ||||||||||||||
| Gates Global LLC/Gates Corp.(1) | 6.25 | 01/15/26 | 15,000 | 14,434 | ||||||||||
| REAL ESTATE – 4.2% | ||||||||||||||
| Cushman & Wakefield US Borrower LLC(1) | 6.75 | 05/15/28 | 15,000 | 14,299 | ||||||||||
| Five Point Operating Co. LP/Five Point Capital Corp.(1) | 7.88 | 11/15/25 | 30,000 | 24,887 | ||||||||||
| Greystar Real Estate Partners LLC(1) | 5.75 | 12/01/25 | 15,000 | 14,532 | ||||||||||
| Howard Hughes Corp.(1) | 4.13 | 02/01/29 | 40,000 | 31,358 | ||||||||||
| Howard Hughes Corp.(1) | 4.38 | 02/01/31 | 20,000 | 15,081 | ||||||||||
| Howard Hughes Corp.(1) | 5.38 | 08/01/28 | 20,000 | 17,158 | ||||||||||
| Hunt Cos, Inc.(1) | 5.25 | 04/15/29 | 25,000 | 20,188 | ||||||||||
| Kennedy-Wilson, Inc. | 4.75 | 03/01/29 | 25,000 | 20,341 | ||||||||||
| Kennedy-Wilson, Inc. | 4.75 | 02/01/30 | 45,000 | 35,437 | ||||||||||
| Newmark Group, Inc. | 6.13 | 11/15/23 | 20,000 | 19,957 | ||||||||||
| Realogy Group LLC/Realogy Co.-Issuer Corp.(1) | 5.25 | 04/15/30 | 20,000 | 13,906 | ||||||||||
| Realogy Group LLC/Realogy Co.-Issuer Corp.(1) | 5.75 | 01/15/29 | 60,000 | 43,286 | ||||||||||
| WeWork Cos LLC/WW Co.-Obligor, Inc.(1) | 5.00 | 07/10/25 | 20,000 | 10,026 | ||||||||||
| WeWork Cos, Inc.(1) | 7.88 | 05/01/25 | 25,000 | 13,687 | ||||||||||
| 294,143 | ||||||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| REAL ESTATE INVESTMENT TRUST (REITS) – 1.0% | ||||||||||||||
| Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer(1) | 4.88 | 05/15/29 | $ | 40,000 | $ | 34,198 | ||||||||
| Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer(1) | 5.88 | 10/01/28 | 20,000 | 18,194 | ||||||||||
| Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer(1) | 7.50 | 06/01/25 | 15,000 | 15,054 | ||||||||||
| 67,446 | ||||||||||||||
| RETAIL – 16.8% | ||||||||||||||
| Abercrombie & Fitch Management Co.(1) | 8.75 | 07/15/25 | 10,000 | 9,463 | ||||||||||
| Academy Ltd.(1) | 6.00 | 11/15/27 | 10,000 | 9,401 | ||||||||||
| Asbury Automotive Group, Inc. | 4.50 | 03/01/28 | 20,000 | 17,369 | ||||||||||
| Asbury Automotive Group, Inc.(1) | 4.63 | 11/15/29 | 55,000 | 45,373 | ||||||||||
| Asbury Automotive Group, Inc.(1) | 5.00 | 02/15/32 | 20,000 | 16,176 | ||||||||||
| At Home Group, Inc.(1) | 4.88 | 07/15/28 | 10,000 | 7,285 | ||||||||||
| At Home Group, Inc.(1) | 7.13 | 07/15/29 | 20,000 | 11,330 | ||||||||||
| Bath & Body Works, Inc. | 5.25 | 02/01/28 | 30,000 | 26,578 | ||||||||||
| Bath & Body Works, Inc.(1) | 6.63 | 10/01/30 | 30,000 | 26,913 | ||||||||||
| Bath & Body Works, Inc. | 6.75 | 07/01/36 | 20,000 | 16,574 | ||||||||||
| Bath & Body Works, Inc. | 6.88 | 11/01/35 | 30,000 | 25,262 | ||||||||||
| Bath & Body Works, Inc. | 6.95 | 03/01/33 | 40,000 | 32,992 | ||||||||||
| Bath & Body Works, Inc. | 7.50 | 06/15/29 | 20,000 | 18,989 | ||||||||||
| Bed Bath & Beyond, Inc. | 3.75 | 08/01/24 | 15,000 | 3,126 | ||||||||||
| Bed Bath & Beyond, Inc. | 5.17 | 08/01/44 | 15,000 | 1,579 | ||||||||||
| Carvana Co.(1) | 4.88 | 09/01/29 | 20,000 | 8,904 | ||||||||||
| Carvana Co.(1) | 5.50 | 04/15/27 | 45,000 | 21,506 | ||||||||||
| Carvana Co.(1) | 5.63 | 10/01/25 | 25,000 | 16,415 | ||||||||||
| Carvana Co.(1) | 5.88 | 10/01/28 | 25,000 | 11,504 | ||||||||||
| Carvana Co.(1) | 10.25 | 05/01/30 | 105,000 | 63,193 | ||||||||||
| Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.(1) | 4.63 | 01/15/29 | 25,000 | 21,789 | ||||||||||
| Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.(1) | 6.75 | 01/15/30 | 60,000 | 47,230 | ||||||||||
| Foot Locker, Inc.(1) | 4.00 | 10/01/29 | 20,000 | 15,320 | ||||||||||
| Gap, Inc.(1) | 3.63 | 10/01/29 | 30,000 | 21,108 | ||||||||||
| Gap, Inc.(1) | 3.88 | 10/01/31 | 30,000 | 20,762 | ||||||||||
| Group 1 Automotive, Inc.(1) | 4.00 | 08/15/28 | 35,000 | 28,831 | ||||||||||
| Guitar Center, Inc.(1) | 8.50 | 01/15/26 | 10,000 | 8,758 | ||||||||||
| Ken Garff Automotive LLC(1) | 4.88 | 09/15/28 | 10,000 | 8,317 | ||||||||||
| LCM Investments Holdings II LLC(1) | 4.88 | 05/01/29 | 30,000 | 25,384 | ||||||||||
| Lithia Motors, Inc.(1) | 3.88 | 06/01/29 | 20,000 | 16,169 | ||||||||||
| Lithia Motors, Inc.(1) | 4.38 | 01/15/31 | 10,000 | 8,135 | ||||||||||
| Lithia Motors, Inc.(1) | 4.63 | 12/15/27 | 25,000 | 22,282 | ||||||||||
| LSF9 Atlantis Holdings LLC/Victra Finance Corp.(1) | 7.75 | 02/15/26 | 25,000 | 22,621 | ||||||||||
| Macy’s Retail Holdings LLC | 4.30 | 02/15/43 | 10,000 | 5,871 | ||||||||||
| Macy’s Retail Holdings LLC | 5.13 | 01/15/42 | 35,000 | 22,278 | ||||||||||
| Macy’s Retail Holdings LLC(1) | 5.88 | 04/01/29 | 10,000 | 8,653 | ||||||||||
| Macy’s Retail Holdings LLC(1) | 5.88 | 03/15/30 | 10,000 | 8,414 | ||||||||||
| Macy’s Retail Holdings LLC(1) | 6.13 | 03/15/32 | 15,000 | 12,487 | ||||||||||
| Michaels Cos, Inc.(1) | 5.25 | 05/01/28 | 15,000 | 10,689 | ||||||||||
| Michaels Cos, Inc.(1) | 7.88 | 05/01/29 | 70,000 | 39,213 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| RETAIL – 16.8% (Continued) | ||||||||||||||
| NMG Holding Co., Inc./Neiman Marcus Group LLC(1) | 7.13 | 04/01/26 | $ | 45,000 | $ | 42,857 | ||||||||
| Nordstrom, Inc. | 4.00 | 03/15/27 | 15,000 | 12,737 | ||||||||||
| Nordstrom, Inc. | 4.25 | 08/01/31 | 25,000 | 18,187 | ||||||||||
| Nordstrom, Inc. | 4.38 | 04/01/30 | 15,000 | 11,536 | ||||||||||
| Nordstrom, Inc. | 5.00 | 01/15/44 | 40,000 | 25,400 | ||||||||||
| Nordstrom, Inc. | 6.95 | 03/15/28 | 15,000 | 13,951 | ||||||||||
| Party City Holdings, Inc.(1) | 8.75 | 02/15/26 | 20,000 | 12,695 | ||||||||||
| Penske Automotive Group, Inc. | 3.50 | 09/01/25 | 20,000 | 18,619 | ||||||||||
| Penske Automotive Group, Inc. | 3.75 | 06/15/29 | 10,000 | 8,225 | ||||||||||
| PetSmart, Inc./PetSmart Finance Corp.(1) | 4.75 | 02/15/28 | 50,000 | 45,750 | ||||||||||
| PetSmart, Inc./PetSmart Finance Corp.(1) | 7.75 | 02/15/29 | 45,000 | 42,350 | ||||||||||
| QVC, Inc. | 4.38 | 09/01/28 | 10,000 | 7,269 | ||||||||||
| QVC, Inc. | 4.45 | 02/15/25 | 20,000 | 17,523 | ||||||||||
| QVC, Inc. | 4.75 | 02/15/27 | 20,000 | 15,894 | ||||||||||
| QVC, Inc. | 4.85 | 04/01/24 | 35,000 | 33,597 | ||||||||||
| QVC, Inc. | 5.45 | 08/15/34 | 16,000 | 10,104 | ||||||||||
| QVC, Inc. | 5.95 | 03/15/43 | 10,000 | 6,120 | ||||||||||
| Sally Holdings LLC/Sally Capital, Inc. | 5.63 | 12/01/25 | 15,000 | 14,174 | ||||||||||
| Sonic Automotive, Inc.(1) | 4.63 | 11/15/29 | 25,000 | 19,646 | ||||||||||
| Sonic Automotive, Inc.(1) | 4.88 | 11/15/31 | 10,000 | 7,564 | ||||||||||
| Victoria’s Secret & Co.(1) | 4.63 | 07/15/29 | 20,000 | 15,959 | ||||||||||
| 1,164,400 | ||||||||||||||
| TEXTILES – 0.2% | ||||||||||||||
| Eagle Intermediate Global Holding BV/Eagle US Finance LLC(1) | 7.50 | 05/01/25 | 15,000 | 11,632 | ||||||||||
| TOTAL CORPORATE BONDS (Cost - $7,483,995) | 6,661,361 | |||||||||||||
| GOVERNMENT OBLIGATIONS – 1.1% | ||||||||||||||
| U.S. Treasury Note | 1.75 | 01/31/23 | 75,000 | 74,562 | ||||||||||
| TOTAL GOVERNMENT OBLIGATIONS (Cost - $74,801) | 74,562 | |||||||||||||
| SHORT-TERM INVESTMENTS – 0.7% | ||||||||||||||
| TIME DEPOSITS – 0.7% | ||||||||||||||
| JP Morgan Chase, New York | 2.43 | 11/01/22 | 47,553 | 47,553 | ||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $47,553) | 47,553 | |||||||||||||
| TOTAL INVESTMENTS – 98.0% (Cost - $7,606,349) | $ | 6,783,476 | ||||||||||||
| OTHER ASSETS LESS LIABILITIES – 2.0% | 141,877 | |||||||||||||
| NET ASSETS – 100.0% | $ | 6,925,353 | ||||||||||||
| (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 October 31, 2022, amounts to $4,575,353 and represents 66.1% 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.
64
BONDBLOXX ETF TRUST
BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF
Portfolio of Investments
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| CORPORATE BONDS – 98.5% | ||||||||||||||
| AGRICULTURE – 2.6% | ||||||||||||||
| Darling Ingredients, Inc.(1) | 5.25 | 04/15/27 | $ | 25,000 | $ | 24,037 | ||||||||
| Darling Ingredients, Inc.(1) | 6.00 | 06/15/30 | 40,000 | 38,554 | ||||||||||
| Turning Point Brands, Inc.(1) | 5.63 | 02/15/26 | 15,000 | 13,137 | ||||||||||
| Vector Group Ltd.(1) | 5.75 | 02/01/29 | 45,000 | 39,485 | ||||||||||
| Vector Group Ltd.(1) | 10.50 | 11/01/26 | 25,000 | 24,685 | ||||||||||
| 139,898 | ||||||||||||||
| BEVERAGES – 1.2% | ||||||||||||||
| Primo Water Holdings, Inc.(1) | 4.38 | 04/30/29 | 40,000 | 33,613 | ||||||||||
| Triton Water Holdings, Inc.(1) | 6.25 | 04/01/29 | 40,000 | 30,390 | ||||||||||
| 64,003 | ||||||||||||||
| BUILDING MATERIALS – 0.3% | ||||||||||||||
| Victors Merger Corp.(1) | 6.38 | 05/15/29 | 25,000 | 12,888 | ||||||||||
| CHEMICALS – 0.8% | ||||||||||||||
| Cerdia Finanz GmbH(1) | 10.50 | 02/15/27 | 25,000 | 20,301 | ||||||||||
| Diamond BC BV(1) | 4.63 | 10/01/29 | 30,000 | 22,082 | ||||||||||
| 42,383 | ||||||||||||||
| COMMERCIAL SERVICES – 0.3% | ||||||||||||||
| Legends Hospitality Holding Co. LLC/Legends Hospitality Co.-Issuer, Inc.(1) | 5.00 | 02/01/26 | 20,000 | 17,530 | ||||||||||
| COSMETICS/PERSONAL CARE – 3.0% | ||||||||||||||
| Coty, Inc.(1) | 5.00 | 04/15/26 | 40,000 | 37,597 | ||||||||||
| Coty, Inc.(1) | 6.50 | 04/15/26 | 25,000 | 23,841 | ||||||||||
| Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC(1) | 4.75 | 01/15/29 | 30,000 | 26,095 | ||||||||||
| Edgewell Personal Care Co.(1) | 4.13 | 04/01/29 | 25,000 | 21,387 | ||||||||||
| Edgewell Personal Care Co.(1) | 5.50 | 06/01/28 | 40,000 | 37,698 | ||||||||||
| Oriflame Investment Holding PLC(1) | 5.13 | 05/04/26 | 25,000 | 15,088 | ||||||||||
| 161,706 | ||||||||||||||
| ELECTRIC – 27.2% | ||||||||||||||
| Algonquin Power & Utilities Corp. | 4.75 | 01/18/82 | 35,000 | 28,262 | ||||||||||
| Atlantica Sustainable Infrastructure PLC(1) | 4.13 | 06/15/28 | 15,000 | 12,734 | ||||||||||
| Calpine Corp.(1) | 3.75 | 03/01/31 | 50,000 | 41,065 | ||||||||||
| Calpine Corp.(1) | 4.50 | 02/15/28 | 55,000 | 49,517 | ||||||||||
| Calpine Corp.(1) | 4.63 | 02/01/29 | 25,000 | 21,064 | ||||||||||
| Calpine Corp.(1) | 5.00 | 02/01/31 | 50,000 | 42,363 | ||||||||||
| Calpine Corp.(1) | 5.13 | 03/15/28 | 75,000 | 66,660 | ||||||||||
| Calpine Corp.(1) | 5.25 | 06/01/26 | 20,000 | 19,011 | ||||||||||
| Clearway Energy Operating LLC(1) | 3.75 | 02/15/31 | 50,000 | 41,871 | ||||||||||
| Clearway Energy Operating LLC(1) | 3.75 | 01/15/32 | 20,000 | 15,874 | ||||||||||
| Clearway Energy Operating LLC(1) | 4.75 | 03/15/28 | 40,000 | 37,061 | ||||||||||
| DPL, Inc. | 4.13 | 07/01/25 | 25,000 | 23,644 | ||||||||||
| DPL, Inc. | 4.35 | 04/15/29 | 15,000 | 12,846 | ||||||||||
| Drax FinCo. PLC(1) | 6.63 | 11/01/25 | 25,000 | 23,284 | ||||||||||
| Electricite de France SA(1),(2) | 5.63 | - | 75,000 | 66,065 | ||||||||||
| Emera, Inc. | 6.75 | 06/15/76 | 60,000 | 56,152 | ||||||||||
| FirstEnergy Corp. | 2.05 | 03/01/25 | 15,000 | 13,860 | ||||||||||
The accompanying notes are an integral part of these financial statements.
65
BONDBLOXX ETF TRUST
BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF
Portfolio of Investments (Continued)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| ELECTRIC – 27.2% (Continued) | ||||||||||||||
| FirstEnergy Corp. | 2.65 | 03/01/30 | $ | 100,000 | $ | 81,066 | ||||||||
| FirstEnergy Corp. | 3.40 | 03/01/50 | 45,000 | 28,057 | ||||||||||
| FirstEnergy Corp. | 4.40 | 07/15/27 | 60,000 | 56,446 | ||||||||||
| FirstEnergy Corp. | 5.35 | 07/15/47 | 27,000 | 22,336 | ||||||||||
| FirstEnergy Corp. | 7.38 | 11/15/31 | 25,000 | 27,869 | ||||||||||
| InterGen NV(1) | 7.00 | 06/30/23 | 20,000 | 19,601 | ||||||||||
| Leeward Renewable Energy Operations LLC(1) | 4.25 | 07/01/29 | 15,000 | 12,172 | ||||||||||
| NextEra Energy Operating Partners LP(1) | 3.88 | 10/15/26 | 25,000 | 23,216 | ||||||||||
| NextEra Energy Operating Partners LP(1) | 4.25 | 07/15/24 | 45,000 | 43,729 | ||||||||||
| NextEra Energy Operating Partners LP(1) | 4.50 | 09/15/27 | 25,000 | 23,287 | ||||||||||
| NRG Energy, Inc.(1) | 3.38 | 02/15/29 | 20,000 | 16,688 | ||||||||||
| NRG Energy, Inc.(1) | 3.63 | 02/15/31 | 35,000 | 27,900 | ||||||||||
| NRG Energy, Inc.(1) | 3.88 | 02/15/32 | 80,000 | 63,244 | ||||||||||
| NRG Energy, Inc.(1) | 5.25 | 06/15/29 | 30,000 | 27,296 | ||||||||||
| NRG Energy, Inc. | 5.75 | 01/15/28 | 55,000 | 52,589 | ||||||||||
| Pattern Energy Operations LP/Pattern Energy Operations, Inc.(1) | 4.50 | 08/15/28 | 35,000 | 31,559 | ||||||||||
| PG&E Corp. | 5.00 | 07/01/28 | 45,000 | 40,671 | ||||||||||
| PG&E Corp. | 5.25 | 07/01/30 | 55,000 | 48,790 | ||||||||||
| TransAlta Corp. | 6.50 | 03/15/40 | 15,000 | 12,928 | ||||||||||
| Vistra Operations Co. LLC(1) | 4.38 | 05/01/29 | 65,000 | 55,751 | ||||||||||
| Vistra Operations Co. LLC(1) | 5.00 | 07/31/27 | 65,000 | 60,076 | ||||||||||
| Vistra Operations Co. LLC(1) | 5.50 | 09/01/26 | 50,000 | 48,121 | ||||||||||
| Vistra Operations Co. LLC(1) | 5.63 | 02/15/27 | 65,000 | 62,063 | ||||||||||
| 1,456,788 | ||||||||||||||
| ELECTRICAL COMPONENTS & EQUIPMENT – 1.4% | ||||||||||||||
| Energizer Holdings, Inc.(1) | 4.38 | 03/31/29 | 40,000 | 32,121 | ||||||||||
| Energizer Holdings, Inc.(1) | 4.75 | 06/15/28 | 35,000 | 29,139 | ||||||||||
| Energizer Holdings, Inc.(1) | 6.50 | 12/31/27 | 15,000 | 13,743 | ||||||||||
| 75,003 | ||||||||||||||
| ENERGY-ALTERNATE SOURCES – 2.2% | ||||||||||||||
| Sunnova Energy Corp.(1) | 5.88 | 09/01/26 | 25,000 | 22,039 | ||||||||||
| TerraForm Power Operating LLC(1) | 4.75 | 01/15/30 | 30,000 | 27,032 | ||||||||||
| TerraForm Power Operating LLC(1) | 5.00 | 01/31/28 | 45,000 | 41,790 | ||||||||||
| Topaz Solar Farms LLC(1) | 5.75 | 09/30/39 | 28,410 | 27,057 | ||||||||||
| 117,918 | ||||||||||||||
| FOOD – 22.5% | ||||||||||||||
| Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1) | 3.25 | 03/15/26 | 40,000 | 35,998 | ||||||||||
| Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1) | 3.50 | 03/15/29 | 65,000 | 53,967 | ||||||||||
| Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1) | 4.63 | 01/15/27 | 70,000 | 64,985 | ||||||||||
| Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1) | 4.88 | 02/15/30 | 55,000 | 48,945 | ||||||||||
| Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1) | 5.88 | 02/15/28 | 40,000 | 37,449 | ||||||||||
| Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1) | 7.50 | 03/15/26 | 20,000 | 20,543 | ||||||||||
| Aragvi Finance International DAC(1) | 8.45 | 04/29/26 | 10,000 | 7,029 | ||||||||||
| B&G Foods, Inc. | 5.25 | 04/01/25 | 55,000 | 50,122 | ||||||||||
| B&G Foods, Inc. | 5.25 | 09/15/27 | 25,000 | 21,008 | ||||||||||
| C&S Group Enterprises LLC(1) | 5.00 | 12/15/28 | 15,000 | 11,110 | ||||||||||
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 (Continued)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| FOOD – 22.5% (Continued) | ||||||||||||||
| Chobani LLC/Chobani Finance Corp., Inc.(1) | 4.63 | 11/15/28 | $ | 20,000 | $ | 17,397 | ||||||||
| Chobani LLC/Chobani Finance Corp., Inc.(1) | 7.50 | 04/15/25 | 30,000 | 28,385 | ||||||||||
| FAGE International SA/FAGE USA Dairy Industry, Inc.(1) | 5.63 | 08/15/26 | 10,000 | 8,785 | ||||||||||
| H-Food Holdings LLC/Hearthside Finance Co., Inc.(1) | 8.50 | 06/01/26 | 15,000 | 8,769 | ||||||||||
| Ingles Markets, Inc.(1) | 4.00 | 06/15/31 | 15,000 | 12,478 | ||||||||||
| Lamb Weston Holdings, Inc.(1) | 4.13 | 01/31/30 | 75,000 | 65,667 | ||||||||||
| Lamb Weston Holdings, Inc.(1) | 4.38 | 01/31/32 | 10,000 | 8,603 | ||||||||||
| Lamb Weston Holdings, Inc.(1) | 4.88 | 05/15/28 | 25,000 | 23,277 | ||||||||||
| Performance Food Group, Inc.(1) | 4.25 | 08/01/29 | 50,000 | 42,477 | ||||||||||
| Performance Food Group, Inc.(1) | 5.50 | 10/15/27 | 65,000 | 61,611 | ||||||||||
| Pilgrim’s Pride Corp.(1) | 3.50 | 03/01/32 | 50,000 | 38,411 | ||||||||||
| Pilgrim’s Pride Corp.(1) | 4.25 | 04/15/31 | 50,000 | 41,754 | ||||||||||
| Pilgrim’s Pride Corp.(1) | 5.88 | 09/30/27 | 40,000 | 39,152 | ||||||||||
| Post Holdings, Inc.(1) | 4.50 | 09/15/31 | 48,000 | 39,799 | ||||||||||
| Post Holdings, Inc.(1) | 4.63 | 04/15/30 | 47,000 | 39,745 | ||||||||||
| Post Holdings, Inc.(1) | 5.50 | 12/15/29 | 65,000 | 58,577 | ||||||||||
| Post Holdings, Inc.(1) | 5.63 | 01/15/28 | 75,000 | 70,215 | ||||||||||
| Post Holdings, Inc.(1) | 5.75 | 03/01/27 | 11,000 | 10,652 | ||||||||||
| Safeway, Inc. | 7.25 | 02/01/31 | 20,000 | 19,365 | ||||||||||
| SEG Holding LLC/SEG Finance Corp.(1) | 5.63 | 10/15/28 | 10,000 | 9,272 | ||||||||||
| Sigma Holdco BV(1) | 7.88 | 05/15/26 | 20,000 | 12,281 | ||||||||||
| Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed(1) | 4.63 | 03/01/29 | 45,000 | 37,655 | ||||||||||
| TreeHouse Foods, Inc. | 4.00 | 09/01/28 | 20,000 | 16,901 | ||||||||||
| United Natural Foods, Inc.(1) | 6.75 | 10/15/28 | 25,000 | 24,181 | ||||||||||
| US Foods, Inc.(1) | 4.63 | 06/01/30 | 30,000 | 26,063 | ||||||||||
| US Foods, Inc.(1) | 4.75 | 02/15/29 | 35,000 | 31,101 | ||||||||||
| US Foods, Inc.(1) | 6.25 | 04/15/25 | 60,000 | 59,799 | ||||||||||
| 1,203,528 | ||||||||||||||
| GAS – 2.2% | ||||||||||||||
| AmeriGas Partners LP/AmeriGas Finance Corp. | 5.50 | 05/20/25 | 35,000 | 33,601 | ||||||||||
| AmeriGas Partners LP/AmeriGas Finance Corp. | 5.63 | 05/20/24 | 25,000 | 24,485 | ||||||||||
| AmeriGas Partners LP/AmeriGas Finance Corp. | 5.75 | 05/20/27 | 25,000 | 23,090 | ||||||||||
| AmeriGas Partners LP/AmeriGas Finance Corp. | 5.88 | 08/20/26 | 40,000 | 37,519 | ||||||||||
| 118,695 | ||||||||||||||
| HOME FURNISHINGS – 1.2% | ||||||||||||||
| Tempur Sealy International, Inc.(1) | 3.88 | 10/15/31 | 45,000 | 33,882 | ||||||||||
| Tempur Sealy International, Inc.(1) | 4.00 | 04/15/29 | 40,000 | 32,263 | ||||||||||
| 66,145 | ||||||||||||||
| HOUSEHOLD PRODUCTS/WARES – 3.4% | ||||||||||||||
| ACCO Brands Corp.(1) | 4.25 | 03/15/29 | 30,000 | 23,910 | ||||||||||
| Central Garden & Pet Co. | 4.13 | 10/15/30 | 35,000 | 28,979 | ||||||||||
| Central Garden & Pet Co.(1) | 4.13 | 04/30/31 | 15,000 | 12,475 | ||||||||||
| Central Garden & Pet Co. | 5.13 | 02/01/28 | 15,000 | 13,745 | ||||||||||
| Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc.(1) | 5.00 | 12/31/26 | 20,000 | 18,157 | ||||||||||
| Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc.(1) | 7.00 | 12/31/27 | 30,000 | 25,244 | ||||||||||
| Spectrum Brands, Inc.(1) | 3.88 | 03/15/31 | 35,000 | 25,863 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| HOUSEHOLD PRODUCTS/WARES – 3.4% (Continued) | ||||||||||||||
| Spectrum Brands, Inc.(1) | 5.00 | 10/01/29 | $ | 15,000 | $ | 12,375 | ||||||||
| Spectrum Brands, Inc. | 5.75 | 07/15/25 | 20,000 | 19,764 | ||||||||||
| 180,512 | ||||||||||||||
| HOUSEWARES – 6.3% | ||||||||||||||
| American Greetings Corp.(1) | 8.75 | 04/15/25 | 25,000 | 23,948 | ||||||||||
| CD&R Smokey Buyer, Inc.(1) | 6.75 | 07/15/25 | 35,000 | 33,447 | ||||||||||
| Newell Brands, Inc. | 4.45 | 04/01/26 | 95,000 | 88,549 | ||||||||||
| Newell Brands, Inc. | 4.88 | 06/01/25 | 25,000 | 24,164 | ||||||||||
| Newell Brands, Inc. | 5.63 | 04/01/36 | 10,000 | 8,322 | ||||||||||
| Newell Brands, Inc. | 5.75 | 04/01/46 | 45,000 | 34,726 | ||||||||||
| Newell Brands, Inc. | 6.38 | 09/15/27 | 25,000 | 24,465 | ||||||||||
| Newell Brands, Inc. | 6.63 | 09/15/29 | 25,000 | 24,472 | ||||||||||
| Scotts Miracle-Gro Co. | 4.00 | 04/01/31 | 20,000 | 15,350 | ||||||||||
| Scotts Miracle-Gro Co. | 4.38 | 02/01/32 | 40,000 | 30,330 | ||||||||||
| Scotts Miracle-Gro Co. | 4.50 | 10/15/29 | 15,000 | 12,180 | ||||||||||
| SWF Escrow Issuer Corp.(1) | 6.50 | 10/01/29 | 30,000 | 17,323 | ||||||||||
| 337,276 | ||||||||||||||
| LEISURE TIME – 0.7% | ||||||||||||||
| MajorDrive Holdings IV LLC(1) | 6.38 | 06/01/29 | 25,000 | 17,655 | ||||||||||
| Vista Outdoor, Inc.(1) | 4.50 | 03/15/29 | 25,000 | 19,580 | ||||||||||
| 37,235 | ||||||||||||||
| PHARMACEUTICALS – 1.7% | ||||||||||||||
| BellRing Brands, Inc.(1) | 7.00 | 03/15/30 | 40,000 | 37,862 | ||||||||||
| Herbalife Nutrition Ltd./HLF Financing, Inc.(1) | 7.88 | 09/01/25 | 40,000 | 37,434 | ||||||||||
| HLF Financing Sarl LLC/Herbalife International, Inc.(1) | 4.88 | 06/01/29 | 20,000 | 14,904 | ||||||||||
| 90,200 | ||||||||||||||
| RETAIL – 19.3% | ||||||||||||||
| 1011778 BC ULC/New Red Finance, Inc.(1) | 3.50 | 02/15/29 | 50,000 | 42,003 | ||||||||||
| 1011778 BC ULC/New Red Finance, Inc.(1) | 3.88 | 01/15/28 | 80,000 | 70,466 | ||||||||||
| 1011778 BC ULC/New Red Finance, Inc.(1) | 4.00 | 10/15/30 | 145,000 | 118,588 | ||||||||||
| 1011778 BC ULC/New Red Finance, Inc.(1) | 4.38 | 01/15/28 | 30,000 | 26,382 | ||||||||||
| 1011778 BC ULC/New Red Finance, Inc.(1) | 5.75 | 04/15/25 | 20,000 | 19,952 | ||||||||||
| 99 Escrow Issuer, Inc.(1) | 7.50 | 01/15/26 | 15,000 | 8,570 | ||||||||||
| Arko Corp.(1) | 5.13 | 11/15/29 | 20,000 | 15,864 | ||||||||||
| Bloomin’ Brands, Inc./OSI Restaurant Partners LLC(1) | 5.13 | 04/15/29 | 10,000 | 8,519 | ||||||||||
| Brinker International, Inc.(1) | 5.00 | 10/01/24 | 30,000 | 29,142 | ||||||||||
| Carrols Restaurant Group, Inc.(1) | 5.88 | 07/01/29 | 15,000 | 10,560 | ||||||||||
| CEC Entertainment LLC(1) | 6.75 | 05/01/26 | 35,000 | 32,824 | ||||||||||
| Dave & Buster’s, Inc.(1) | 7.63 | 11/01/25 | 20,000 | 19,974 | ||||||||||
| eG Global Finance PLC(1) | 6.75 | 02/07/25 | 55,000 | 49,625 | ||||||||||
| eG Global Finance PLC(1) | 8.50 | 10/30/25 | 15,000 | 13,878 | ||||||||||
| Ferrellgas LP/Ferrellgas Finance Corp.(1) | 5.38 | 04/01/26 | 40,000 | 36,394 | ||||||||||
| Ferrellgas LP/Ferrellgas Finance Corp.(1) | 5.88 | 04/01/29 | 40,000 | 33,618 | ||||||||||
| GPS Hospitality Holding Co. LLC/GPS FinCo., Inc.(1) | 7.00 | 08/15/28 | 15,000 | 10,560 | ||||||||||
| IRB Holding Corp.(1) | 7.00 | 06/15/25 | 35,000 | 35,021 | ||||||||||
| KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC(1) | 4.75 | 06/01/27 | 35,000 | 33,495 | ||||||||||
| Marks & Spencer PLC(1) | 7.13 | 12/01/37 | 15,000 | 13,156 | ||||||||||
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)
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| RETAIL – 19.3% (Continued) | ||||||||||||||
| Murphy Oil USA, Inc.(1) | 3.75 | 02/15/31 | $ | 20,000 | $ | 16,694 | ||||||||
| Murphy Oil USA, Inc. | 4.75 | 09/15/29 | 35,000 | 31,557 | ||||||||||
| Murphy Oil USA, Inc. | 5.63 | 05/01/27 | 15,000 | 14,416 | ||||||||||
| Papa John’s International, Inc.(1) | 3.88 | 09/15/29 | 20,000 | 16,274 | ||||||||||
| Rite Aid Corp.(1) | 7.50 | 07/01/25 | 23,000 | 16,177 | ||||||||||
| Rite Aid Corp.(1) | 8.00 | 11/15/26 | 50,000 | 32,522 | ||||||||||
| Sizzling Platter LLC/Sizzling Platter Finance Corp.(1) | 8.50 | 11/28/25 | 15,000 | 13,125 | ||||||||||
| Suburban Propane Partners LP/Suburban Energy Finance Corp.(1) | 5.00 | 06/01/31 | 35,000 | 29,505 | ||||||||||
| Suburban Propane Partners LP/Suburban Energy Finance Corp. | 5.88 | 03/01/27 | 10,000 | 9,464 | ||||||||||
| Yum! Brands, Inc. | 3.63 | 03/15/31 | 60,000 | 48,273 | ||||||||||
| Yum! Brands, Inc. | 3.88 | 11/01/23 | 25,000 | 24,596 | ||||||||||
| Yum! Brands, Inc. | 4.63 | 01/31/32 | 35,000 | 29,980 | ||||||||||
| Yum! Brands, Inc.(1) | 4.75 | 01/15/30 | 60,000 | 53,779 | ||||||||||
| Yum! Brands, Inc. | 5.35 | 11/01/43 | 25,000 | 19,909 | ||||||||||
| Yum! Brands, Inc. | 5.38 | 04/01/32 | 50,000 | 44,799 | ||||||||||
| 1,029,661 | ||||||||||||||
| TOYS/GAMES/HOBBIES – 2.2% | ||||||||||||||
| Mattel, Inc.(1) | 3.38 | 04/01/26 | 30,000 | 27,437 | ||||||||||
| Mattel, Inc.(1) | 3.75 | 04/01/29 | 30,000 | 25,966 | ||||||||||
| Mattel, Inc. | 5.45 | 11/01/41 | 15,000 | 11,687 | ||||||||||
| Mattel, Inc.(1) | 5.88 | 12/15/27 | 45,000 | 43,771 | ||||||||||
| Mattel, Inc. | 6.20 | 10/01/40 | 10,000 | 8,534 | ||||||||||
| 117,395 | ||||||||||||||
| TOTAL CORPORATE BONDS (Cost - $5,865,681) | 5,268,764 | |||||||||||||
| SHORT-TERM INVESTMENTS – 0.3% | ||||||||||||||
| TIME DEPOSITS – 0.3% | ||||||||||||||
| Royal Bank of Canada, Toronto | 2.43 | 11/01/22 | 15,828 | 15,828 | ||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $15,828) | 15,828 | |||||||||||||
| TOTAL INVESTMENTS – 98.8% (Cost - $5,881,509) | $ | 5,284,592 | ||||||||||||
| OTHER ASSETS LESS LIABILITIES – 1.2% | 64,036 | |||||||||||||
| NET ASSETS – 100.0% | $ | 5,348,628 | ||||||||||||
| (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 October 31, 2022, amounts to $3,968,896 and represents 74.2% 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.
69
BONDBLOXX ETF TRUST
BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| CORPORATE BONDS – 97.9% | |||||||||||||
| ADVERTISING – 1.2% | |||||||||||||
| Advantage Sales & Marketing, Inc.(1) | 6.50 | 11/15/28 | $ | 25,000 | $ | 21,330 | |||||||
| Clear Channel Outdoor Holdings, Inc.(1) | 5.13 | 08/15/27 | 45,000 | 40,584 | |||||||||
| Outfront Media Capital LLC/Outfront Media Capital Corp.(1) | 4.25 | 01/15/29 | 20,000 | 16,526 | |||||||||
| Outfront Media Capital LLC/Outfront Media Capital Corp.(1) | 4.63 | 03/15/30 | 15,000 | 12,429 | |||||||||
| Outfront Media Capital LLC/Outfront Media Capital Corp.(1) | 5.00 | 08/15/27 | 25,000 | 22,549 | |||||||||
| Stagwell Global LLC(1) | 5.63 | 08/15/29 | 25,000 | 21,626 | |||||||||
| Summer BC Bidco B LLC(1) | 5.50 | 10/31/26 | 10,000 | 7,974 | |||||||||
| 143,018 | |||||||||||||
| AEROSPACE/DEFENSE – 3.7% | |||||||||||||
| Bombardier, Inc.(1) | 6.00 | 02/15/28 | 50,000 | 44,594 | |||||||||
| Bombardier, Inc.(1) | 7.13 | 06/15/26 | 25,000 | 23,706 | |||||||||
| Bombardier, Inc.(1) | 7.50 | 03/15/25 | 25,000 | 24,619 | |||||||||
| Bombardier, Inc.(1) | 7.88 | 04/15/27 | 50,000 | 47,578 | |||||||||
| Spirit AeroSystems, Inc.(1) | 7.50 | 04/15/25 | 35,000 | 34,086 | |||||||||
| TransDigm, Inc. | 4.63 | 01/15/29 | 25,000 | 21,329 | |||||||||
| TransDigm, Inc. | 4.88 | 05/01/29 | 20,000 | 17,050 | |||||||||
| TransDigm, Inc. | 5.50 | 11/15/27 | 50,000 | 45,692 | |||||||||
| TransDigm, Inc.(1) | 6.25 | 03/15/26 | 100,000 | 98,813 | |||||||||
| TransDigm, Inc. | 6.38 | 06/15/26 | 15,000 | 14,495 | |||||||||
| TransDigm, Inc.(1) | 8.00 | 12/15/25 | 35,000 | 35,656 | |||||||||
| Triumph Group, Inc.(1) | 8.88 | 06/01/24 | 15,000 | 15,180 | |||||||||
| 422,798 | |||||||||||||
| AIRLINES – 1.2% | |||||||||||||
| American Airlines, Inc.(1) | 11.75 | 07/15/25 | 75,000 | 82,126 | |||||||||
| Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd.(1) | 5.75 | 01/20/26 | 35,000 | 32,311 | |||||||||
| United Airlines Holdings, Inc. | 4.88 | 01/15/25 | 20,000 | 19,121 | |||||||||
| 133,558 | |||||||||||||
| APPAREL – 0.2% | |||||||||||||
| Crocs, Inc.(1) | 4.13 | 08/15/31 | 30,000 | 22,761 | |||||||||
| AUTO MANUFACTURERS – 1.0% | |||||||||||||
| Jaguar Land Rover Automotive PLC(1) | 5.88 | 01/15/28 | 10,000 | 7,421 | |||||||||
| Jaguar Land Rover Automotive PLC(1) | 7.75 | 10/15/25 | 50,000 | 46,240 | |||||||||
| JB Poindexter & Co., Inc.(1) | 7.13 | 04/15/26 | 15,000 | 14,320 | |||||||||
| Mclaren Finance PLC(1) | 7.50 | 08/01/26 | 25,000 | 20,100 | |||||||||
| PM General Purchaser LLC(1) | 9.50 | 10/01/28 | 15,000 | 12,932 | |||||||||
| Wabash National Corp.(1) | 4.50 | 10/15/28 | 20,000 | 16,838 | |||||||||
| 117,851 | |||||||||||||
| AUTO PARTS & EQUIPMENT – 1.7% | |||||||||||||
| Adient Global Holdings Ltd.(1) | 4.88 | 08/15/26 | 25,000 | 22,439 | |||||||||
| American Axle & Manufacturing, Inc. | 5.00 | 10/01/29 | 20,000 | 16,282 | |||||||||
| American Axle & Manufacturing, Inc. | 6.50 | 04/01/27 | 15,000 | 13,822 | |||||||||
| Clarios Global LP/Clarios US Finance Co.(1) | 6.25 | 05/15/26 | 30,000 | 29,096 | |||||||||
| Goodyear Tire & Rubber Co. | 4.88 | 03/15/27 | 10,000 | 9,124 | |||||||||
| Goodyear Tire & Rubber Co. | 5.00 | 05/31/26 | 25,000 | 24,116 | |||||||||
| Goodyear Tire & Rubber Co. | 5.25 | 04/30/31 | 15,000 | 12,643 | |||||||||
The accompanying notes are an integral part of these financial statements.
70
BONDBLOXX ETF TRUST
BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| AUTO PARTS & EQUIPMENT – 1.7% (Continued) | |||||||||||||
| Goodyear Tire & Rubber Co. | 5.25 | 07/15/31 | $ | 20,000 | $ | 16,972 | |||||||
| Goodyear Tire & Rubber Co. | 5.63 | 04/30/33 | 10,000 | 8,385 | |||||||||
| Goodyear Tire & Rubber Co. | 9.50 | 05/31/25 | 25,000 | 26,011 | |||||||||
| Tenneco, Inc. | 5.00 | 07/15/26 | 20,000 | 19,975 | |||||||||
| 198,865 | |||||||||||||
| BANKS – 0.4% | |||||||||||||
| Freedom Mortgage Corp.(1) | 6.63 | 01/15/27 | 20,000 | 14,977 | |||||||||
| Freedom Mortgage Corp.(1) | 7.63 | 05/01/26 | 25,000 | 19,789 | |||||||||
| Freedom Mortgage Corp.(1) | 8.13 | 11/15/24 | 15,000 | 13,217 | |||||||||
| 47,983 | |||||||||||||
| BEVERAGES – 0.2% | |||||||||||||
| Primo Water Holdings, Inc.(1) | 4.38 | 04/30/29 | 30,000 | 25,210 | |||||||||
| BIOTECHNOLOGY – 0.2% | |||||||||||||
| Emergent BioSolutions, Inc.(1) | 3.88 | 08/15/28 | 10,000 | 6,010 | |||||||||
| Grifols Escrow Issuer SA(1) | 4.75 | 10/15/28 | 20,000 | 15,651 | |||||||||
| 21,661 | |||||||||||||
| BUILDING MATERIALS – 1.1% | |||||||||||||
| Eco Material Technologies, Inc.(1) | 7.88 | 01/31/27 | 15,000 | 14,040 | |||||||||
| Griffon Corp. | 5.75 | 03/01/28 | 30,000 | 27,562 | |||||||||
| JELD-WEN, Inc.(1) | 4.63 | 12/15/25 | 10,000 | 8,268 | |||||||||
| JELD-WEN, Inc.(1) | 4.88 | 12/15/27 | 10,000 | 7,474 | |||||||||
| Koppers, Inc.(1) | 6.00 | 02/15/25 | 20,000 | 17,926 | |||||||||
| MIWD Holdco II LLC/MIWD Finance Corp.(1) | 5.50 | 02/01/30 | 5,000 | 3,864 | |||||||||
| New Enterprise Stone & Lime Co., Inc.(1) | 5.25 | 07/15/28 | 15,000 | 13,084 | |||||||||
| PGT Innovations, Inc.(1) | 4.38 | 10/01/29 | 5,000 | 4,158 | |||||||||
| Smyrna Ready Mix Concrete LLC(1) | 6.00 | 11/01/28 | 35,000 | 29,499 | |||||||||
| 125,875 | |||||||||||||
| CHEMICALS – 2.3% | |||||||||||||
| ASP Unifrax Holdings, Inc.(1) | 5.25 | 09/30/28 | 25,000 | 19,942 | |||||||||
| Axalta Coating Systems LLC(1) | 3.38 | 02/15/29 | 15,000 | 12,364 | |||||||||
| Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV(1) | 4.75 | 06/15/27 | 15,000 | 13,691 | |||||||||
| Cerdia Finanz GmbH(1) | 10.50 | 02/15/27 | 20,000 | 16,241 | |||||||||
| Cornerstone Chemical Co.(1) | 6.75 | 08/15/24 | 10,000 | 7,534 | |||||||||
| CVR Partners LP/CVR Nitrogen Finance Corp.(1) | 6.13 | 06/15/28 | 15,000 | 13,592 | |||||||||
| Diamond BC BV(1) | 4.63 | 10/01/29 | 15,000 | 11,041 | |||||||||
| Mativ Holdings, Inc.(1) | 6.88 | 10/01/26 | 10,000 | 9,178 | |||||||||
| Olympus Water US Holding Corp.(1) | 4.25 | 10/01/28 | 20,000 | 16,287 | |||||||||
| Rain CII Carbon LLC/CII Carbon Corp.(1) | 7.25 | 04/01/25 | 20,000 | 17,176 | |||||||||
| Rayonier AM Products, Inc.(1) | 7.63 | 01/15/26 | 10,000 | 8,706 | |||||||||
| SCIH Salt Holdings, Inc.(1) | 4.88 | 05/01/28 | 30,000 | 26,109 | |||||||||
| SCIL IV LLC/SCIL USA Holdings LLC(1) | 5.38 | 11/01/26 | 20,000 | 15,948 | |||||||||
| SK Invictus Intermediate II Sarl(1) | 5.00 | 10/30/29 | 15,000 | 12,301 | |||||||||
| Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc.(1) | 5.13 | 04/01/29 | 15,000 | 8,534 | |||||||||
| Trinseo Materials Operating SCA/Trinseo Materials Finance, Inc.(1) | 5.38 | 09/01/25 | 10,000 | 7,750 | |||||||||
| Tronox, Inc.(1) | 4.63 | 03/15/29 | 30,000 | 23,233 | |||||||||
| WR Grace Holdings LLC(1) | 5.63 | 08/15/29 | 30,000 | 23,264 | |||||||||
| 262,891 | |||||||||||||
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 (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| COMMERCIAL SERVICES – 6.1% | |||||||||||||
| Albion Financing 2Sarl(1) | 8.75 | 04/15/27 | $ | 15,000 | $ | 12,675 | |||||||
| Allied Universal Holdco LLC/Allied Universal Finance Corp.(1) | 6.63 | 07/15/26 | 50,000 | 47,845 | |||||||||
| Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl(1) | 4.63 | 06/01/28 | 45,000 | 37,733 | |||||||||
| APi Group DE, Inc.(1) | 4.13 | 07/15/29 | 15,000 | 12,049 | |||||||||
| APX Group, Inc.(1) | 6.75 | 02/15/27 | 20,000 | 19,557 | |||||||||
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc.(1) | 5.38 | 03/01/29 | 25,000 | 21,717 | |||||||||
| Avis Budget Car Rental LLC/Avis Budget Finance, Inc.(1) | 5.75 | 07/15/27 | 25,000 | 23,035 | |||||||||
| Carriage Services, Inc.(1) | 4.25 | 05/15/29 | 10,000 | 7,710 | |||||||||
| CoreLogic, Inc.(1) | 4.50 | 05/01/28 | 20,000 | 13,494 | |||||||||
| Deluxe Corp.(1) | 8.00 | 06/01/29 | 15,000 | 12,533 | |||||||||
| Garda World Security Corp.(1) | 4.63 | 02/15/27 | 15,000 | 13,361 | |||||||||
| Herc Holdings, Inc.(1) | 5.50 | 07/15/27 | 35,000 | 33,172 | |||||||||
| Hertz Corp.(1) | 4.63 | 12/01/26 | 15,000 | 12,810 | |||||||||
| Hertz Corp.(1) | 5.00 | 12/01/29 | 35,000 | 27,821 | |||||||||
| Legends Hospitality Holding Co. LLC/Legends Hospitality Co.-Issuer, Inc.(1) | 5.00 | 02/01/26 | 10,000 | 8,765 | |||||||||
| MoneyGram International, Inc.(1) | 5.38 | 08/01/26 | 10,000 | 9,835 | |||||||||
| MPH Acquisition Holdings LLC(1) | 5.50 | 09/01/28 | 30,000 | 25,981 | |||||||||
| MPH Acquisition Holdings LLC(1) | 5.75 | 11/01/28 | 40,000 | 30,988 | |||||||||
| NESCO Holdings II, Inc.(1) | 5.50 | 04/15/29 | 35,000 | 30,763 | |||||||||
| Nielsen Finance LLC/Nielsen Finance Co.(1) | 4.50 | 07/15/29 | 15,000 | 15,050 | |||||||||
| Nielsen Finance LLC/Nielsen Finance Co.(1) | 4.75 | 07/15/31 | 25,000 | 25,003 | |||||||||
| Nielsen Finance LLC/Nielsen Finance Co.(1) | 5.63 | 10/01/28 | 30,000 | 29,843 | |||||||||
| Nielsen Finance LLC/Nielsen Finance Co.(1) | 5.88 | 10/01/30 | 20,000 | 19,980 | |||||||||
| Paysafe Finance PLC/Paysafe Holdings US Corp.(1) | 4.00 | 06/15/29 | 20,000 | 14,329 | |||||||||
| Prime Security Services Borrower LLC/Prime Finance, Inc.(1) | 6.25 | 01/15/28 | 35,000 | 32,237 | |||||||||
| PROG Holdings, Inc.(1) | 6.00 | 11/15/29 | 20,000 | 16,375 | |||||||||
| Rent-A-Center, Inc./TX(1) | 6.38 | 02/15/29 | 5,000 | 3,902 | |||||||||
| Sabre GLBL, Inc.(1) | 7.38 | 09/01/25 | 25,000 | 23,526 | |||||||||
| Sabre GLBL, Inc.(1) | 9.25 | 04/15/25 | 20,000 | 19,415 | |||||||||
| Sotheby’s(1) | 7.38 | 10/15/27 | 30,000 | 29,081 | |||||||||
| WASH Multifamily Acquisition, Inc.(1) | 5.75 | 04/15/26 | 25,000 | 23,350 | |||||||||
| Williams Scotsman International, Inc.(1) | 4.63 | 08/15/28 | 15,000 | 13,571 | |||||||||
| Williams Scotsman International, Inc.(1) | 6.13 | 06/15/25 | 10,000 | 9,993 | |||||||||
| WW International, Inc.(1) | 4.50 | 04/15/29 | 15,000 | 8,268 | |||||||||
| ZipRecruiter, Inc.(1) | 5.00 | 01/15/30 | 15,000 | 12,296 | |||||||||
| 698,063 | |||||||||||||
| COMPUTERS – 0.8% | |||||||||||||
| Conduent Business Services LLC/Conduent State & Local Solutions, Inc.(1) | 6.00 | 11/01/29 | 15,000 | 12,329 | |||||||||
| NCR Corp.(1) | 5.00 | 10/01/28 | 25,000 | 21,067 | |||||||||
| NCR Corp.(1) | 5.13 | 04/15/29 | 40,000 | 33,658 | |||||||||
| NCR Corp.(1) | 5.25 | 10/01/30 | 30,000 | 24,275 | |||||||||
| 91,329 | |||||||||||||
| COSMETICS/PERSONAL CARE – 0.2% | |||||||||||||
| Coty, Inc.(1) | 6.50 | 04/15/26 | 20,000 | 19,073 | |||||||||
| Oriflame Investment Holding PLC(1) | 5.13 | 05/04/26 | 15,000 | 9,052 | |||||||||
| 28,125 | |||||||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| DISTRIBUTION/WHOLESALE – 0.3% | |||||||||||||
| H&E Equipment Services, Inc.(1) | 3.88 | 12/15/28 | $ | 30,000 | $ | 25,387 | |||||||
| IAA, Inc.(1) | 5.50 | 06/15/27 | 15,000 | 14,056 | |||||||||
| 39,443 | |||||||||||||
| DIVERSIFIED FINANCIAL SERVICES – 1.8% | |||||||||||||
| AG Issuer LLC(1) | 6.25 | 03/01/28 | 15,000 | 13,979 | |||||||||
| Castlelake Aviation Finance DAC(1) | 5.00 | 04/15/27 | 10,000 | 8,437 | |||||||||
| Enova International, Inc.(1) | 8.50 | 09/15/25 | 20,000 | 17,978 | |||||||||
| LFS Topco LLC(1) | 5.88 | 10/15/26 | 20,000 | 15,672 | |||||||||
| Nationstar Mortgage Holdings, Inc.(1) | 5.13 | 12/15/30 | 25,000 | 18,751 | |||||||||
| Nationstar Mortgage Holdings, Inc.(1) | 5.75 | 11/15/31 | 25,000 | 19,244 | |||||||||
| Nationstar Mortgage Holdings, Inc.(1) | 6.00 | 01/15/27 | 20,000 | 17,840 | |||||||||
| NFP Corp.(1) | 4.88 | 08/15/28 | 15,000 | 12,964 | |||||||||
| Oxford Finance LLC/Oxford Finance Co.-Issuer II, Inc.(1) | 6.38 | 02/01/27 | 10,000 | 9,167 | |||||||||
| PHH Mortgage Corp.(1) | 7.88 | 03/15/26 | 10,000 | 8,315 | |||||||||
| Provident Funding Associates LP/PFG Finance Corp.(1) | 6.38 | 06/15/25 | 25,000 | 21,782 | |||||||||
| VistaJet Malta Finance PLC/XO Management Holding, Inc.(1) | 6.38 | 02/01/30 | 40,000 | 33,305 | |||||||||
| VistaJet Malta Finance PLC/XO Management Holding, Inc.(1) | 7.88 | 05/01/27 | 10,000 | 9,030 | |||||||||
| 206,464 | |||||||||||||
| ELECTRIC – 0.5% | |||||||||||||
| Calpine Corp.(1) | 5.00 | 02/01/31 | 25,000 | 21,181 | |||||||||
| Calpine Corp.(1) | 5.13 | 03/15/28 | 45,000 | 39,996 | |||||||||
| 61,177 | |||||||||||||
| ELECTRICAL COMPONENTS & EQUIPMENT – 0.3% | |||||||||||||
| Energizer Holdings, Inc.(1) | 4.38 | 03/31/29 | 25,000 | 20,076 | |||||||||
| Energizer Holdings, Inc.(1) | 4.75 | 06/15/28 | 20,000 | 16,650 | |||||||||
| 36,726 | |||||||||||||
| ELECTRONICS – 0.3% | |||||||||||||
| Coherent Corp.(1) | 5.00 | 12/15/29 | 30,000 | 25,809 | |||||||||
| Likewize Corp.(1) | 9.75 | 10/15/25 | 10,000 | 9,062 | |||||||||
| 34,871 | |||||||||||||
| ENERGY-ALTERNATE SOURCES – 0.2% | |||||||||||||
| Enviva Partners LP/Enviva Partners Finance Corp.(1) | 6.50 | 01/15/26 | 20,000 | 19,233 | |||||||||
| Sunnova Energy Corp.(1) | 5.88 | 09/01/26 | 10,000 | 8,815 | |||||||||
| 28,048 | |||||||||||||
| ENGINEERING & CONSTRUCTION – 0.4% | |||||||||||||
| Brundage-Bone Concrete Pumping Holdings, Inc.(1) | 6.00 | 02/01/26 | 10,000 | 9,065 | |||||||||
| HTA Group Ltd./Mauritius(1) | 7.00 | 12/18/25 | 20,000 | 17,650 | |||||||||
| Promontoria Holding 264 BV(1) | 7.88 | 03/01/27 | 10,000 | 9,115 | |||||||||
| Tutor Perini Corp.(1) | 6.88 | 05/01/25 | 10,000 | 7,970 | |||||||||
| 43,800 | |||||||||||||
| ENTERTAINMENT – 4.9% | |||||||||||||
| Affinity Gaming(1) | 6.88 | 12/15/27 | 5,000 | 4,181 | |||||||||
| Banijay Entertainment SASU(1) | 5.38 | 03/01/25 | 10,000 | 9,281 | |||||||||
| Boyne USA, Inc.(1) | 4.75 | 05/15/29 | 15,000 | 13,158 | |||||||||
| Caesars Entertainment, Inc.(1) | 6.25 | 07/01/25 | 85,000 | 83,066 | |||||||||
| Caesars Resort Collection LLC/CRC FinCo., Inc.(1) | 5.75 | 07/01/25 | 25,000 | 24,453 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| ENTERTAINMENT – 4.9% (Continued) | |||||||||||||
| CDI Escrow Issuer, Inc.(1) | 5.75 | 04/01/30 | $ | 35,000 | $ | 31,640 | |||||||
| Cedar Fair LP | 5.25 | 07/15/29 | 20,000 | 17,625 | |||||||||
| Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op | 5.38 | 04/15/27 | 10,000 | 9,440 | |||||||||
| Churchill Downs, Inc.(1) | 4.75 | 01/15/28 | 15,000 | 13,282 | |||||||||
| Churchill Downs, Inc.(1) | 5.50 | 04/01/27 | 20,000 | 19,160 | |||||||||
| Cinemark USA, Inc.(1) | 5.25 | 07/15/28 | 20,000 | 15,232 | |||||||||
| Jacobs Entertainment, Inc.(1) | 6.75 | 02/15/29 | 5,000 | 4,417 | |||||||||
| Lions Gate Capital Holdings LLC(1) | 5.50 | 04/15/29 | 25,000 | 19,037 | |||||||||
| Live Nation Entertainment, Inc.(1) | 3.75 | 01/15/28 | 10,000 | 8,728 | |||||||||
| Live Nation Entertainment, Inc.(1) | 4.75 | 10/15/27 | 25,000 | 22,280 | |||||||||
| Live Nation Entertainment, Inc.(1) | 6.50 | 05/15/27 | 60,000 | 59,785 | |||||||||
| Merlin Entertainments Ltd.(1) | 5.75 | 06/15/26 | 10,000 | 9,312 | |||||||||
| Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp.(1) | 4.88 | 05/01/29 | 15,000 | 12,718 | |||||||||
| Penn Entertainment, Inc.(1) | 5.63 | 01/15/27 | 25,000 | 22,769 | |||||||||
| Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.(1) | 5.63 | 09/01/29 | 35,000 | 25,997 | |||||||||
| Scientific Games Holdings LP/Scientific Games US FinCo., Inc.(1) | 6.63 | 03/01/30 | 25,000 | 21,551 | |||||||||
| Scientific Games International, Inc.(1) | 7.00 | 05/15/28 | 25,000 | 24,248 | |||||||||
| Scientific Games International, Inc.(1) | 7.25 | 11/15/29 | 20,000 | 19,360 | |||||||||
| Scientific Games International, Inc.(1) | 8.63 | 07/01/25 | 10,000 | 10,286 | |||||||||
| Six Flags Entertainment Corp.(1) | 4.88 | 07/31/24 | 25,000 | 24,264 | |||||||||
| Six Flags Entertainment Corp.(1) | 5.50 | 04/15/27 | 10,000 | 9,012 | |||||||||
| Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.(1) | 5.13 | 10/01/29 | 20,000 | 15,956 | |||||||||
| Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.(1) | 7.75 | 04/15/25 | 10,000 | 9,765 | |||||||||
| 560,003 | |||||||||||||
| ENVIRONMENTAL CONTROL – 0.9% | |||||||||||||
| Covanta Holding Corp.(1) | 4.88 | 12/01/29 | 20,000 | 17,077 | |||||||||
| Covanta Holding Corp. | 5.00 | 09/01/30 | 10,000 | 8,350 | |||||||||
| GFL Environmental, Inc.(1) | 4.00 | 08/01/28 | 20,000 | 17,354 | |||||||||
| GFL Environmental, Inc.(1) | 4.38 | 08/15/29 | 15,000 | 12,727 | |||||||||
| GFL Environmental, Inc.(1) | 4.75 | 06/15/29 | 20,000 | 17,477 | |||||||||
| Harsco Corp.(1) | 5.75 | 07/31/27 | 15,000 | 10,666 | |||||||||
| Madison IAQ LLC(1) | 4.13 | 06/30/28 | 20,000 | 16,595 | |||||||||
| 100,246 | |||||||||||||
| FOOD – 2.3% | |||||||||||||
| Aragvi Finance International DAC(1) | 8.45 | 04/29/26 | 20,000 | 14,059 | |||||||||
| Chobani LLC/Chobani Finance Corp., Inc.(1) | 4.63 | 11/15/28 | 15,000 | 13,048 | |||||||||
| Performance Food Group, Inc.(1) | 4.25 | 08/01/29 | 30,000 | 25,487 | |||||||||
| Performance Food Group, Inc.(1) | 5.50 | 10/15/27 | 30,000 | 28,436 | |||||||||
| Post Holdings, Inc.(1) | 4.50 | 09/15/31 | 24,000 | 19,900 | |||||||||
| Post Holdings, Inc.(1) | 5.50 | 12/15/29 | 55,000 | 49,565 | |||||||||
| Post Holdings, Inc.(1) | 5.63 | 01/15/28 | 40,000 | 37,448 | |||||||||
| Simmons Foods, Inc./Simmons Prepared Foods, Inc./Simmons Pet Food, Inc./Simmons Feed(1) | 4.63 | 03/01/29 | 25,000 | 20,919 | |||||||||
| United Natural Foods, Inc.(1) | 6.75 | 10/15/28 | 15,000 | 14,508 | |||||||||
| US Foods, Inc.(1) | 4.63 | 06/01/30 | 15,000 | 13,031 | |||||||||
| US Foods, Inc.(1) | 4.75 | 02/15/29 | 30,000 | 26,658 | |||||||||
| 263,059 | |||||||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| FOOD SERVICE – 0.7% | |||||||||||||
| Aramark Services, Inc.(1) | 5.00 | 04/01/25 | $ | 20,000 | $ | 19,377 | |||||||
| Aramark Services, Inc.(1) | 5.00 | 02/01/28 | 25,000 | 22,817 | |||||||||
| Aramark Services, Inc.(1) | 6.38 | 05/01/25 | 40,000 | 39,638 | |||||||||
| TKC Holdings, Inc.(1) | 6.88 | 05/15/28 | 5,000 | 4,157 | |||||||||
| 85,989 | |||||||||||||
| FOREST PRODUCTS & PAPER – 0.2% | |||||||||||||
| Mercer International, Inc. | 5.13 | 02/01/29 | 25,000 | 20,593 | |||||||||
| GAS – 0.6% | |||||||||||||
| AmeriGas Partners LP/AmeriGas Finance Corp. | 5.50 | 05/20/25 | 15,000 | 14,401 | |||||||||
| AmeriGas Partners LP/AmeriGas Finance Corp. | 5.63 | 05/20/24 | 20,000 | 19,588 | |||||||||
| AmeriGas Partners LP/AmeriGas Finance Corp. | 5.75 | 05/20/27 | 15,000 | 13,854 | |||||||||
| AmeriGas Partners LP/AmeriGas Finance Corp. | 5.88 | 08/20/26 | 20,000 | 18,759 | |||||||||
| 66,602 | |||||||||||||
| HEALTHCARE-PRODUCTS – 1.2% | |||||||||||||
| Medline Borrower LP(1) | 3.88 | 04/01/29 | 100,000 | 81,865 | |||||||||
| Medline Borrower LP(1) | 5.25 | 10/01/29 | 75,000 | 58,538 | |||||||||
| 140,403 | |||||||||||||
| HEALTHCARE-SERVICES – 5.8% | |||||||||||||
| Acadia Healthcare Co., Inc.(1) | 5.00 | 04/15/29 | 10,000 | 9,037 | |||||||||
| Acadia Healthcare Co., Inc.(1) | 5.50 | 07/01/28 | 10,000 | 9,291 | |||||||||
| Akumin, Inc.(1) | 7.00 | 11/01/25 | 40,000 | 32,413 | |||||||||
| Catalent Pharma Solutions, Inc.(1) | 3.13 | 02/15/29 | 25,000 | 20,494 | |||||||||
| Catalent Pharma Solutions, Inc.(1) | 3.50 | 04/01/30 | 20,000 | 16,197 | |||||||||
| Catalent Pharma Solutions, Inc.(1) | 5.00 | 07/15/27 | 10,000 | 9,420 | |||||||||
| CHS/Community Health Systems, Inc.(1) | 4.75 | 02/15/31 | 40,000 | 26,855 | |||||||||
| CHS/Community Health Systems, Inc.(1) | 5.25 | 05/15/30 | 50,000 | 34,722 | |||||||||
| CHS/Community Health Systems, Inc.(1) | 5.63 | 03/15/27 | 65,000 | 51,929 | |||||||||
| CHS/Community Health Systems, Inc.(1) | 6.00 | 01/15/29 | 25,000 | 18,623 | |||||||||
| CHS/Community Health Systems, Inc.(1) | 8.00 | 03/15/26 | 25,000 | 21,611 | |||||||||
| DaVita, Inc.(1) | 3.75 | 02/15/31 | 35,000 | 25,375 | |||||||||
| DaVita, Inc.(1) | 4.63 | 06/01/30 | 70,000 | 54,689 | |||||||||
| Encompass Health Corp. | 4.50 | 02/01/28 | 25,000 | 22,435 | |||||||||
| Encompass Health Corp. | 4.63 | 04/01/31 | 10,000 | 8,265 | |||||||||
| Encompass Health Corp. | 4.75 | 02/01/30 | 25,000 | 21,368 | |||||||||
| Global Medical Response, Inc.(1) | 6.50 | 10/01/25 | 20,000 | 15,945 | |||||||||
| Legacy LifePoint Health LLC(1) | 4.38 | 02/15/27 | 20,000 | 15,817 | |||||||||
| Legacy LifePoint Health LLC(1) | 6.75 | 04/15/25 | 20,000 | 17,745 | |||||||||
| ModivCare Escrow Issuer, Inc.(1) | 5.00 | 10/01/29 | 15,000 | 12,786 | |||||||||
| ModivCare, Inc.(1) | 5.88 | 11/15/25 | 15,000 | 14,271 | |||||||||
| Prime Healthcare Services, Inc.(1) | 7.25 | 11/01/25 | 20,000 | 17,477 | |||||||||
| RP Escrow Issuer LLC(1) | 5.25 | 12/15/25 | 20,000 | 15,004 | |||||||||
| Select Medical Corp.(1) | 6.25 | 08/15/26 | 30,000 | 28,644 | |||||||||
| Syneos Health, Inc.(1) | 3.63 | 01/15/29 | 20,000 | 16,609 | |||||||||
| Tenet Healthcare Corp.(1) | 4.63 | 09/01/24 | 20,000 | 19,353 | |||||||||
| Tenet Healthcare Corp.(1) | 6.13 | 10/01/28 | 75,000 | 65,034 | |||||||||
| Tenet Healthcare Corp.(1) | 6.25 | 02/01/27 | 35,000 | 33,466 | |||||||||
| US Acute Care Solutions LLC(1) | 6.38 | 03/01/26 | 15,000 | 13,637 | |||||||||
| 668,512 | |||||||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| HOME BUILDERS – 0.7% | |||||||||||||
| Ashton Woods USA LLC/Ashton Woods Finance Co.(1) | 4.63 | 08/01/29 | $ | 10,000 | $ | 7,527 | |||||||
| Ashton Woods USA LLC/Ashton Woods Finance Co.(1) | 4.63 | 04/01/30 | 15,000 | 11,154 | |||||||||
| Beazer Homes USA, Inc. | 5.88 | 10/15/27 | 30,000 | 25,243 | |||||||||
| Brookfield Residential Properties, Inc./Brookfield Residential US LLC(1) | 4.88 | 02/15/30 | 20,000 | 15,407 | |||||||||
| Brookfield Residential Properties, Inc./Brookfield Residential US LLC(1) | 6.25 | 09/15/27 | 20,000 | 17,490 | |||||||||
| Thor Industries, Inc.(1) | 4.00 | 10/15/29 | 10,000 | 8,100 | |||||||||
| 84,921 | |||||||||||||
| HOUSEHOLD PRODUCTS/WARES – 0.5% | |||||||||||||
| Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc.(1) | 5.00 | 12/31/26 | 10,000 | 9,079 | |||||||||
| Spectrum Brands, Inc.(1) | 3.88 | 03/15/31 | 25,000 | 18,473 | |||||||||
| Spectrum Brands, Inc. | 5.75 | 07/15/25 | 25,000 | 24,705 | |||||||||
| 52,257 | |||||||||||||
| HOUSEWARES – 0.4% | |||||||||||||
| CD&R Smokey Buyer, Inc.(1) | 6.75 | 07/15/25 | 15,000 | 14,335 | |||||||||
| Scotts Miracle-Gro Co. | 4.00 | 04/01/31 | 20,000 | 15,350 | |||||||||
| Scotts Miracle-Gro Co. | 4.50 | 10/15/29 | 15,000 | 12,180 | |||||||||
| 41,865 | |||||||||||||
| INSURANCE – 0.6% | |||||||||||||
| Acrisure LLC/Acrisure Finance, Inc.(1) | 4.25 | 02/15/29 | 25,000 | 20,458 | |||||||||
| Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer(1) | 4.25 | 10/15/27 | 25,000 | 22,564 | |||||||||
| AmWINS Group, Inc.(1) | 4.88 | 06/30/29 | 25,000 | 21,428 | |||||||||
| 64,450 | |||||||||||||
| INTERNET – 2.3% | |||||||||||||
| ANGI Group LLC(1) | 3.88 | 08/15/28 | 15,000 | 11,010 | |||||||||
| Arches Buyer, Inc.(1) | 4.25 | 06/01/28 | 35,000 | 28,794 | |||||||||
| Cablevision Lightpath LLC(1) | 3.88 | 09/15/27 | 35,000 | 29,804 | |||||||||
| Cogent Communications Group, Inc.(1) | 7.00 | 06/15/27 | 15,000 | 14,260 | |||||||||
| GrubHub Holdings, Inc.(1) | 5.50 | 07/01/27 | 5,000 | 3,360 | |||||||||
| Millennium Escrow Corp.(1) | 6.63 | 08/01/26 | 20,000 | 14,450 | |||||||||
| Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.(1) | 4.75 | 04/30/27 | 10,000 | 9,003 | |||||||||
| Rakuten Group, Inc.(1),(2) | 6.25 | - | 40,000 | 27,362 | |||||||||
| TripAdvisor, Inc.(1) | 7.00 | 07/15/25 | 10,000 | 9,897 | |||||||||
| Uber Technologies, Inc.(1) | 4.50 | 08/15/29 | 35,000 | 30,068 | |||||||||
| Uber Technologies, Inc.(1) | 6.25 | 01/15/28 | 15,000 | 14,271 | |||||||||
| Uber Technologies, Inc.(1) | 7.50 | 05/15/25 | 30,000 | 30,053 | |||||||||
| Uber Technologies, Inc.(1) | 7.50 | 09/15/27 | 40,000 | 40,044 | |||||||||
| 262,376 | |||||||||||||
| INVESTMENT COMPANIES – 0.2% | |||||||||||||
| Compass Group Diversified Holdings LLC(1) | 5.25 | 04/15/29 | 30,000 | 25,876 | |||||||||
| IRON/STEEL – 0.5% | |||||||||||||
| ATI, Inc. | 4.88 | 10/01/29 | 10,000 | 8,421 | |||||||||
| ATI, Inc. | 5.13 | 10/01/31 | 25,000 | 20,643 | |||||||||
| Baffinland Iron Mines Corp./Baffinland Iron Mines LP(1) | 8.75 | 07/15/26 | 25,000 | 22,773 | |||||||||
| TMS International Corp./DE(1) | 6.25 | 04/15/29 | 10,000 | 7,028 | |||||||||
| 58,865 | |||||||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| LEISURE TIME – 4.3% | |||||||||||||
| Carnival Corp.(1) | 5.75 | 03/01/27 | $ | 70,000 | $ | 48,636 | |||||||
| Carnival Corp.(1) | 6.00 | 05/01/29 | 45,000 | 29,922 | |||||||||
| Carnival Corp.(1) | 7.63 | 03/01/26 | 65,000 | 48,986 | |||||||||
| Carnival Corp.(1) | 9.88 | 08/01/27 | 25,000 | 23,350 | |||||||||
| Carnival Corp.(1) | 10.50 | 02/01/26 | 20,000 | 19,630 | |||||||||
| Carnival Corp.(1) | 10.50 | 06/01/30 | 25,000 | 19,420 | |||||||||
| Carnival Holdings Bermuda Ltd.(1) | 10.38 | 05/01/28 | 35,000 | 35,503 | |||||||||
| Life Time, Inc.(1) | 5.75 | 01/15/26 | 25,000 | 23,314 | |||||||||
| Lindblad Expeditions LLC(1) | 6.75 | 02/15/27 | 10,000 | 8,911 | |||||||||
| NCL Corp. Ltd.(1) | 5.88 | 02/15/27 | 25,000 | 22,352 | |||||||||
| Royal Caribbean Cruises Ltd. | 3.70 | 03/15/28 | 30,000 | 21,794 | |||||||||
| Royal Caribbean Cruises Ltd.(1) | 4.25 | 07/01/26 | 25,000 | 19,937 | |||||||||
| Royal Caribbean Cruises Ltd.(1) | 5.38 | 07/15/27 | 25,000 | 19,496 | |||||||||
| Royal Caribbean Cruises Ltd.(1) | 5.50 | 08/31/26 | 40,000 | 32,814 | |||||||||
| Royal Caribbean Cruises Ltd.(1) | 5.50 | 04/01/28 | 35,000 | 27,051 | |||||||||
| Royal Caribbean Cruises Ltd.(1) | 9.25 | 01/15/29 | 25,000 | 25,416 | |||||||||
| Viking Cruises Ltd.(1) | 13.00 | 05/15/25 | 40,000 | 43,105 | |||||||||
| VOC Escrow Ltd.(1) | 5.00 | 02/15/28 | 25,000 | 20,645 | |||||||||
| 490,282 | |||||||||||||
| LODGING – 2.2% | |||||||||||||
| Boyd Gaming Corp. | 4.75 | 12/01/27 | 50,000 | 46,192 | |||||||||
| Boyd Gaming Corp.(1) | 4.75 | 06/15/31 | 10,000 | 8,461 | |||||||||
| Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc(1) | 4.88 | 07/01/31 | 10,000 | 8,189 | |||||||||
| Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc(1) | 5.00 | 06/01/29 | 30,000 | 25,802 | |||||||||
| Marriott Ownership Resorts, Inc.(1) | 4.50 | 06/15/29 | 20,000 | 16,770 | |||||||||
| MGM Resorts International | 4.63 | 09/01/26 | 15,000 | 13,708 | |||||||||
| MGM Resorts International | 4.75 | 10/15/28 | 10,000 | 8,693 | |||||||||
| MGM Resorts International | 5.50 | 04/15/27 | 10,000 | 9,235 | |||||||||
| MGM Resorts International | 5.75 | 06/15/25 | 25,000 | 24,303 | |||||||||
| MGM Resorts International | 6.75 | 05/01/25 | 10,000 | 9,886 | |||||||||
| Station Casinos LLC(1) | 4.50 | 02/15/28 | 15,000 | 12,957 | |||||||||
| Station Casinos LLC(1) | 4.63 | 12/01/31 | 10,000 | 7,958 | |||||||||
| Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.(1) | 5.25 | 05/15/27 | 15,000 | 13,077 | |||||||||
| Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.(1) | 5.50 | 03/01/25 | 50,000 | 47,401 | |||||||||
| 252,632 | |||||||||||||
| MACHINERY-CONSTRUCTION & MINING – 0.5% | |||||||||||||
| Manitowoc Co., Inc.(1) | 9.00 | 04/01/26 | 10,000 | 9,109 | |||||||||
| Terex Corp.(1) | 5.00 | 05/15/29 | 25,000 | 22,360 | |||||||||
| Vertiv Group Corp.(1) | 4.13 | 11/15/28 | 25,000 | 21,808 | |||||||||
| 53,277 | |||||||||||||
| MACHINERY-DIVERSIFIED – 0.4% | |||||||||||||
| ATS Automation Tooling Systems, Inc.(1) | 4.13 | 12/15/28 | 10,000 | 8,563 | |||||||||
| TK Elevator US Newco, Inc.(1) | 5.25 | 07/15/27 | 45,000 | 40,456 | |||||||||
| 49,019 | |||||||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| MEDIA – 8.8% | |||||||||||||
| Altice Financing SA(1) | 5.00 | 01/15/28 | $ | 30,000 | $ | 23,800 | |||||||
| Altice Financing SA(1) | 5.75 | 08/15/29 | 60,000 | 47,243 | |||||||||
| Cable One, Inc.(1) | 4.00 | 11/15/30 | 15,000 | 12,242 | |||||||||
| CSC Holdings LLC(1) | 4.63 | 12/01/30 | 70,000 | 50,517 | |||||||||
| CSC Holdings LLC | 5.25 | 06/01/24 | 20,000 | 19,421 | |||||||||
| CSC Holdings LLC(1) | 5.75 | 01/15/30 | 60,000 | 46,016 | |||||||||
| CSC Holdings LLC(1) | 7.50 | 04/01/28 | 25,000 | 21,706 | |||||||||
| Cumulus Media New Holdings, Inc.(1) | 6.75 | 07/01/26 | 10,000 | 8,474 | |||||||||
| DISH DBS Corp. | 5.13 | 06/01/29 | 40,000 | 26,966 | |||||||||
| DISH DBS Corp.(1) | 5.25 | 12/01/26 | 50,000 | 43,531 | |||||||||
| DISH DBS Corp.(1) | 5.75 | 12/01/28 | 50,000 | 40,406 | |||||||||
| DISH DBS Corp. | 5.88 | 11/15/24 | 40,000 | 36,936 | |||||||||
| DISH DBS Corp. | 7.38 | 07/01/28 | 45,000 | 34,191 | |||||||||
| DISH DBS Corp. | 7.75 | 07/01/26 | 60,000 | 50,739 | |||||||||
| GCI LLC(1) | 4.75 | 10/15/28 | 20,000 | 16,882 | |||||||||
| Gray Escrow II, Inc.(1) | 5.38 | 11/15/31 | 35,000 | 28,136 | |||||||||
| Gray Television, Inc.(1) | 4.75 | 10/15/30 | 5,000 | 3,962 | |||||||||
| Gray Television, Inc.(1) | 7.00 | 05/15/27 | 35,000 | 33,396 | |||||||||
| iHeartCommunications, Inc.(1) | 4.75 | 01/15/28 | 5,000 | 4,370 | |||||||||
| iHeartCommunications, Inc.(1) | 5.25 | 08/15/27 | 20,000 | 18,256 | |||||||||
| iHeartCommunications, Inc. | 6.38 | 05/01/26 | 25,000 | 23,881 | |||||||||
| Liberty Interactive LLC | 8.25 | 02/01/30 | 20,000 | 12,517 | |||||||||
| McGraw-Hill Education, Inc.(1) | 5.75 | 08/01/28 | 30,000 | 26,496 | |||||||||
| Nexstar Media, Inc.(1) | 4.75 | 11/01/28 | 25,000 | 21,998 | |||||||||
| Nexstar Media, Inc.(1) | 5.63 | 07/15/27 | 50,000 | 47,316 | |||||||||
| Radiate Holdco LLC/Radiate Finance, Inc.(1) | 4.50 | 09/15/26 | 25,000 | 21,175 | |||||||||
| Scripps Escrow II, Inc.(1) | 5.38 | 01/15/31 | 10,000 | 8,138 | |||||||||
| Scripps Escrow, Inc.(1) | 5.88 | 07/15/27 | 20,000 | 18,146 | |||||||||
| Sinclair Television Group, Inc.(1) | 5.13 | 02/15/27 | 15,000 | 12,627 | |||||||||
| Sinclair Television Group, Inc.(1) | 5.50 | 03/01/30 | 5,000 | 3,746 | |||||||||
| Townsquare Media, Inc.(1) | 6.88 | 02/01/26 | 10,000 | 9,460 | |||||||||
| Univision Communications, Inc.(1) | 4.50 | 05/01/29 | 25,000 | 21,105 | |||||||||
| Univision Communications, Inc.(1) | 5.13 | 02/15/25 | 70,000 | 67,754 | |||||||||
| Univision Communications, Inc.(1) | 6.63 | 06/01/27 | 40,000 | 39,582 | |||||||||
| Univision Communications, Inc.(1) | 7.38 | 06/30/30 | 15,000 | 14,530 | |||||||||
| UPC Holding BV(1) | 5.50 | 01/15/28 | 10,000 | 8,790 | |||||||||
| Urban One, Inc.(1) | 7.38 | 02/01/28 | 25,000 | 21,906 | |||||||||
| Virgin Media Finance PLC(1) | 5.00 | 07/15/30 | 35,000 | 28,114 | |||||||||
| Virgin Media Vendor Financing Notes IV DAC(1) | 5.00 | 07/15/28 | 10,000 | 8,527 | |||||||||
| Ziggo Bond Co. BV(1) | 6.00 | 01/15/27 | 40,000 | 36,084 | |||||||||
| 1,019,082 | |||||||||||||
| METAL FABRICATE/HARDWARE – 0.1% | |||||||||||||
| Roller Bearing Co. of America, Inc.(1) | 4.38 | 10/15/29 | 10,000 | 8,787 | |||||||||
| MINING – 0.9% | |||||||||||||
| Compass Minerals International, Inc.(1) | 6.75 | 12/01/27 | 15,000 | 14,132 | |||||||||
| Constellium SE(1) | 3.75 | 04/15/29 | 25,000 | 19,582 | |||||||||
| Eldorado Gold Corp.(1) | 6.25 | 09/01/29 | 10,000 | 8,105 | |||||||||
| Hecla Mining Co. | 7.25 | 02/15/28 | 10,000 | 9,501 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| MINING – 0.9% (Continued) | |||||||||||||
| Hudbay Minerals, Inc.(1) | 4.50 | 04/01/26 | $ | 15,000 | $ | 13,197 | |||||||
| Hudbay Minerals, Inc.(1) | 6.13 | 04/01/29 | 20,000 | 16,606 | |||||||||
| New Gold, Inc.(1) | 7.50 | 07/15/27 | 10,000 | 8,543 | |||||||||
| Taseko Mines Ltd.(1) | 7.00 | 02/15/26 | 10,000 | 8,336 | |||||||||
| 98,002 | |||||||||||||
| MISCELLANEOUS MANUFACTURER – 0.6% | |||||||||||||
| FXI Holdings, Inc.(1) | 7.88 | 11/01/24 | 15,000 | 12,889 | |||||||||
| FXI Holdings, Inc.(1) | 12.25 | 11/15/26 | 35,000 | 30,439 | |||||||||
| Gates Global LLC/Gates Corp.(1) | 6.25 | 01/15/26 | 15,000 | 14,434 | |||||||||
| LSB Industries, Inc.(1) | 6.25 | 10/15/28 | 15,000 | 13,653 | |||||||||
| 71,415 | |||||||||||||
| OFFICE/BUSINESS EQUIPMENT – 0.1% | |||||||||||||
| Pitney Bowes, Inc.(1) | 6.88 | 03/15/27 | 20,000 | 12,858 | |||||||||
| OIL & GAS – 6.1% | |||||||||||||
| Aethon United BR LP/Aethon United Finance Corp.(1) | 8.25 | 02/15/26 | 15,000 | 15,268 | |||||||||
| Ascent Resources Utica Holdings LLC/ARU Finance Corp.(1) | 5.88 | 06/30/29 | 10,000 | 8,789 | |||||||||
| Ascent Resources Utica Holdings LLC/ARU Finance Corp.(1) | 7.00 | 11/01/26 | 25,000 | 24,669 | |||||||||
| Baytex Energy Corp.(1) | 8.75 | 04/01/27 | 15,000 | 15,359 | |||||||||
| Berry Petroleum Co. LLC(1) | 7.00 | 02/15/26 | 15,000 | 13,447 | |||||||||
| California Resources Corp.(1) | 7.13 | 02/01/26 | 15,000 | 14,743 | |||||||||
| Callon Petroleum Co.(1) | 7.50 | 06/15/30 | 20,000 | 19,031 | |||||||||
| Callon Petroleum Co.(1) | 8.00 | 08/01/28 | 20,000 | 19,975 | |||||||||
| Citgo Holding, Inc.(1) | 9.25 | 08/01/24 | 35,000 | 35,077 | |||||||||
| CITGO Petroleum Corp.(1) | 6.38 | 06/15/26 | 20,000 | 19,748 | |||||||||
| CITGO Petroleum Corp.(1) | 7.00 | 06/15/25 | 30,000 | 29,576 | |||||||||
| Colgate Energy Partners III LLC(1) | 5.88 | 07/01/29 | 15,000 | 14,022 | |||||||||
| Colgate Energy Partners III LLC(1) | 7.75 | 02/15/26 | 10,000 | 9,972 | |||||||||
| Comstock Resources, Inc.(1) | 5.88 | 01/15/30 | 25,000 | 22,624 | |||||||||
| Comstock Resources, Inc.(1) | 6.75 | 03/01/29 | 35,000 | 33,587 | |||||||||
| Crescent Energy Finance LLC(1) | 7.25 | 05/01/26 | 20,000 | 18,597 | |||||||||
| CVR Energy, Inc.(1) | 5.25 | 02/15/25 | 30,000 | 28,959 | |||||||||
| Earthstone Energy Holdings LLC(1) | 8.00 | 04/15/27 | 15,000 | 14,218 | |||||||||
| Encino Acquisition Partners Holdings LLC(1) | 8.50 | 05/01/28 | 20,000 | 18,788 | |||||||||
| Energean PLC(1) | 6.50 | 04/30/27 | 30,000 | 26,803 | |||||||||
| Gran Tierra Energy, Inc.(1) | 7.75 | 05/23/27 | 15,000 | 11,644 | |||||||||
| Ithaca Energy North Sea PLC(1) | 9.00 | 07/15/26 | 20,000 | 19,795 | |||||||||
| Laredo Petroleum, Inc.(1) | 7.75 | 07/31/29 | 10,000 | 9,514 | |||||||||
| Laredo Petroleum, Inc. | 9.50 | 01/15/25 | 15,000 | 15,028 | |||||||||
| MEG Energy Corp.(1) | 5.88 | 02/01/29 | 15,000 | 14,360 | |||||||||
| MEG Energy Corp.(1) | 7.13 | 02/01/27 | 35,000 | 35,666 | |||||||||
| Moss Creek Resources Holdings, Inc.(1) | 7.50 | 01/15/26 | 35,000 | 32,277 | |||||||||
| Nabors Industries, Inc.(1) | 7.38 | 05/15/27 | 20,000 | 19,700 | |||||||||
| Northern Oil & Gas, Inc.(1) | 8.13 | 03/01/28 | 20,000 | 19,442 | |||||||||
| Precision Drilling Corp.(1) | 6.88 | 01/15/29 | 5,000 | 4,605 | |||||||||
| ROCC Holdings LLC(1) | 9.25 | 08/15/26 | 15,000 | 14,817 | |||||||||
| Rockcliff Energy II LLC(1) | 5.50 | 10/15/29 | 20,000 | 17,862 | |||||||||
| SM Energy Co. | 5.63 | 06/01/25 | 10,000 | 9,727 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| OIL & GAS – 6.1% (Continued) | |||||||||||||
| SM Energy Co. | 6.50 | 07/15/28 | $ | 10,000 | $ | 9,716 | |||||||
| Strathcona Resources Ltd./Alberta(1) | 6.88 | 08/01/26 | 15,000 | 12,725 | |||||||||
| Talos Production, Inc. | 12.00 | 01/15/26 | 15,000 | 15,929 | |||||||||
| Tap Rock Resources LLC(1) | 7.00 | 10/01/26 | 15,000 | 14,029 | |||||||||
| Vermilion Energy, Inc.(1) | 6.88 | 05/01/30 | 30,000 | 28,108 | |||||||||
| 708,196 | |||||||||||||
| OIL & GAS SERVICES – 1.5% | |||||||||||||
| Archrock Partners LP/Archrock Partners Finance Corp.(1) | 6.25 | 04/01/28 | 35,000 | 32,618 | |||||||||
| CGG SA(1) | 8.75 | 04/01/27 | 15,000 | 13,287 | |||||||||
| CSI Compressco LP/CSI Compressco Finance, Inc.(1) | 7.50 | 04/01/25 | 10,000 | 8,932 | |||||||||
| Enerflex Ltd.(1) | 9.00 | 10/15/27 | 20,000 | 19,487 | |||||||||
| Oceaneering International, Inc. | 4.65 | 11/15/24 | 10,000 | 9,584 | |||||||||
| Oceaneering International, Inc. | 6.00 | 02/01/28 | 10,000 | 8,938 | |||||||||
| USA Compression Partners LP/USA Compression Finance Corp. | 6.88 | 04/01/26 | 10,000 | 9,613 | |||||||||
| USA Compression Partners LP/USA Compression Finance Corp. | 6.88 | 09/01/27 | 20,000 | 19,148 | |||||||||
| Weatherford International Ltd.(1) | 6.50 | 09/15/28 | 15,000 | 14,349 | |||||||||
| Weatherford International Ltd.(1) | 8.63 | 04/30/30 | 40,000 | 37,783 | |||||||||
| 173,739 | |||||||||||||
| PACKAGING & CONTAINERS – 2.2% | |||||||||||||
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(1) | 4.00 | 09/01/29 | 30,000 | 22,835 | |||||||||
| Clydesdale Acquisition Holdings, Inc.(1) | 6.63 | 04/15/29 | 10,000 | 9,507 | |||||||||
| Intelligent Packaging Ltd. FinCo., Inc./Intelligent Packaging Ltd. Co.-Issuer LLC(1) | 6.00 | 09/15/28 | 35,000 | 26,125 | |||||||||
| LABL, Inc.(1) | 5.88 | 11/01/28 | 35,000 | 30,469 | |||||||||
| Mauser Packaging Solutions Holding Co.(1) | 5.50 | 04/15/24 | 50,000 | 49,092 | |||||||||
| Owens-Brockway Glass Container, Inc.(1) | 6.63 | 05/13/27 | 35,000 | 33,490 | |||||||||
| Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer, Inc.(1) | 4.38 | 10/15/28 | 35,000 | 30,674 | |||||||||
| Pactiv Evergreen Group Issuer, Inc./Pactiv Evergreen Group Issuer LLC(1) | 4.00 | 10/15/27 | 20,000 | 17,752 | |||||||||
| Trivium Packaging Finance BV(1) | 5.50 | 08/15/26 | 30,000 | 27,662 | |||||||||
| 247,606 | |||||||||||||
| PHARMACEUTICALS – 2.6% | |||||||||||||
| AdaptHealth LLC(1) | 4.63 | 08/01/29 | 15,000 | 12,673 | |||||||||
| AdaptHealth LLC(1) | 5.13 | 03/01/30 | 20,000 | 17,394 | |||||||||
| Bausch Health Cos, Inc.(1) | 4.88 | 06/01/28 | 40,000 | 24,585 | |||||||||
| Bausch Health Cos, Inc.(1) | 5.50 | 11/01/25 | 50,000 | 40,047 | |||||||||
| Bausch Health Cos, Inc.(1) | 6.13 | 02/01/27 | 25,000 | 16,479 | |||||||||
| Bausch Health Cos, Inc.(1) | 11.00 | 09/30/28 | 40,000 | 31,000 | |||||||||
| BellRing Brands, Inc.(1) | 7.00 | 03/15/30 | 10,000 | 9,465 | |||||||||
| Cheplapharm Arzneimittel GmbH(1) | 5.50 | 01/15/28 | 15,000 | 12,463 | |||||||||
| Herbalife Nutrition Ltd./HLF Financing, Inc.(1) | 7.88 | 09/01/25 | 15,000 | 14,038 | |||||||||
| HLF Financing Sarl LLC/Herbalife International, Inc.(1) | 4.88 | 06/01/29 | 20,000 | 14,904 | |||||||||
| Mallinckrodt International Finance SA/Mallinckrodt CB LLC(1) | 10.00 | 04/15/25 | 10,000 | 8,992 | |||||||||
| Mallinckrodt International Finance SA/Mallinckrodt CB LLC(1) | 11.50 | 12/15/28 | 20,000 | 18,250 | |||||||||
| Organon & Co./Organon Foreign Debt Co.-Issuer BV(1) | 5.13 | 04/30/31 | 40,000 | 34,038 | |||||||||
| Owens & Minor, Inc.(1) | 4.50 | 03/31/29 | 15,000 | 11,639 | |||||||||
| Owens & Minor, Inc.(1) | 6.63 | 04/01/30 | 20,000 | 16,676 | |||||||||
| Prestige Brands, Inc.(1) | 3.75 | 04/01/31 | 20,000 | 16,084 | |||||||||
| 298,727 | |||||||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| PIPELINES – 2.6% | |||||||||||||
| Blue Racer Midstream LLC/Blue Racer Finance Corp.(1) | 7.63 | 12/15/25 | $ | 25,000 | $ | 24,746 | |||||||
| CQP Holdco LP/BIP-V Chinook Holdco LLC(1) | 5.50 | 06/15/31 | 35,000 | 31,134 | |||||||||
| FTAI Infra Escrow Holdings LLC(1) | 10.50 | 06/01/27 | 25,000 | 24,558 | |||||||||
| Genesis Energy LP/Genesis Energy Finance Corp. | 6.50 | 10/01/25 | 25,000 | 24,007 | |||||||||
| Genesis Energy LP/Genesis Energy Finance Corp. | 7.75 | 02/01/28 | 15,000 | 14,343 | |||||||||
| Genesis Energy LP/Genesis Energy Finance Corp. | 8.00 | 01/15/27 | 40,000 | 38,811 | |||||||||
| Howard Midstream Energy Partners LLC(1) | 6.75 | 01/15/27 | 15,000 | 13,631 | |||||||||
| ITT Holdings LLC(1) | 6.50 | 08/01/29 | 35,000 | 28,210 | |||||||||
| NGL Energy Operating LLC/NGL Energy Finance Corp.(1) | 7.50 | 02/01/26 | 60,000 | 54,380 | |||||||||
| Southeast Supply Header LLC(1) | 4.25 | 06/15/24 | 35,000 | 31,667 | |||||||||
| Summit Midstream Holdings LLC/Summit Midstream Finance Corp.(1) | 8.50 | 10/15/26 | 20,000 | 19,225 | |||||||||
| 304,712 | |||||||||||||
| REAL ESTATE – 0.6% | |||||||||||||
| Five Point Operating Co. LP/Five Point Capital Corp.(1) | 7.88 | 11/15/25 | 20,000 | 16,591 | |||||||||
| Hunt Cos, Inc.(1) | 5.25 | 04/15/29 | 25,000 | 20,187 | |||||||||
| Realogy Group LLC/Realogy Co.-Issuer Corp.(1) | 5.25 | 04/15/30 | 20,000 | 13,906 | |||||||||
| Realogy Group LLC/Realogy Co.-Issuer Corp.(1) | 5.75 | 01/15/29 | 25,000 | 18,036 | |||||||||
| 68,720 | |||||||||||||
| REAL ESTATE INVESTMENT TRUST (REITS) – 3.6% | |||||||||||||
| Diversified Healthcare Trust | 4.38 | 03/01/31 | 35,000 | 23,190 | |||||||||
| Diversified Healthcare Trust | 9.75 | 06/15/25 | 19,000 | 17,945 | |||||||||
| Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer(1) | 4.88 | 05/15/29 | 20,000 | 17,099 | |||||||||
| Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer(1) | 5.88 | 10/01/28 | 20,000 | 18,194 | |||||||||
| Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co.-Issuer(1) | 7.50 | 06/01/25 | 20,000 | 20,072 | |||||||||
| RHP Hotel Properties LP/RHP Finance Corp.(1) | 4.50 | 02/15/29 | 15,000 | 13,190 | |||||||||
| RHP Hotel Properties LP/RHP Finance Corp. | 4.75 | 10/15/27 | 30,000 | 27,744 | |||||||||
| Rithm Capital Corp.(1) | 6.25 | 10/15/25 | 15,000 | 13,184 | |||||||||
| SBA Communications Corp. | 3.13 | 02/01/29 | 60,000 | 48,601 | |||||||||
| Service Properties Trust | 3.95 | 01/15/28 | 25,000 | 18,411 | |||||||||
| Service Properties Trust | 4.35 | 10/01/24 | 40,000 | 36,784 | |||||||||
| Service Properties Trust | 4.38 | 02/15/30 | 10,000 | 7,139 | |||||||||
| Service Properties Trust | 5.25 | 02/15/26 | 25,000 | 21,662 | |||||||||
| Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC(1) | 4.75 | 04/15/28 | 20,000 | 16,399 | |||||||||
| Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC(1) | 7.88 | 02/15/25 | 75,000 | 74,362 | |||||||||
| XHR LP(1) | 4.88 | 06/01/29 | 20,000 | 17,284 | |||||||||
| XHR LP(1) | 6.38 | 08/15/25 | 25,000 | 24,532 | |||||||||
| 415,792 | |||||||||||||
| RETAIL – 4.7% | |||||||||||||
| 1011778 BC ULC/New Red Finance, Inc.(1) | 4.00 | 10/15/30 | 75,000 | 61,339 | |||||||||
| 1011778 BC ULC/New Red Finance, Inc.(1) | 4.38 | 01/15/28 | 20,000 | 17,588 | |||||||||
| Arko Corp.(1) | 5.13 | 11/15/29 | 10,000 | 7,932 | |||||||||
| Bath & Body Works, Inc. | 6.95 | 03/01/33 | 10,000 | 8,248 | |||||||||
| Brinker International, Inc.(1) | 5.00 | 10/01/24 | 15,000 | 14,571 | |||||||||
| CEC Entertainment LLC(1) | 6.75 | 05/01/26 | 20,000 | 18,756 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| RETAIL – 4.7% (Continued) | |||||||||||||
| Dave & Buster’s, Inc.(1) | 7.63 | 11/01/25 | $ | 15,000 | $ | 14,981 | |||||||
| eG Global Finance PLC(1) | 6.75 | 02/07/25 | 35,000 | 31,579 | |||||||||
| Ferrellgas LP/Ferrellgas Finance Corp.(1) | 5.38 | 04/01/26 | 15,000 | 13,648 | |||||||||
| Ferrellgas LP/Ferrellgas Finance Corp.(1) | 5.88 | 04/01/29 | 25,000 | 21,011 | |||||||||
| Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.(1) | 4.63 | 01/15/29 | 30,000 | 26,147 | |||||||||
| Guitar Center, Inc.(1) | 8.50 | 01/15/26 | 15,000 | 13,137 | |||||||||
| IRB Holding Corp.(1) | 7.00 | 06/15/25 | 20,000 | 20,012 | |||||||||
| Ken Garff Automotive LLC(1) | 4.88 | 09/15/28 | 10,000 | 8,317 | |||||||||
| LCM Investments Holdings II LLC(1) | 4.88 | 05/01/29 | 30,000 | 25,384 | |||||||||
| LSF9 Atlantis Holdings LLC/Victra Finance Corp.(1) | 7.75 | 02/15/26 | 25,000 | 22,621 | |||||||||
| Michaels Cos, Inc.(1) | 5.25 | 05/01/28 | 25,000 | 17,814 | |||||||||
| Papa John’s International, Inc.(1) | 3.88 | 09/15/29 | 20,000 | 16,275 | |||||||||
| Patrick Industries, Inc.(1) | 4.75 | 05/01/29 | 10,000 | 7,566 | |||||||||
| PetSmart, Inc./PetSmart Finance Corp.(1) | 4.75 | 02/15/28 | 30,000 | 27,450 | |||||||||
| Rite Aid Corp.(1) | 7.50 | 07/01/25 | 10,000 | 7,034 | |||||||||
| Rite Aid Corp.(1) | 8.00 | 11/15/26 | 25,000 | 16,261 | |||||||||
| Sizzling Platter LLC/Sizzling Platter Finance Corp.(1) | 8.50 | 11/28/25 | 10,000 | 8,750 | |||||||||
| Specialty Building Products Holdings LLC/SBP Finance Corp.(1) | 6.38 | 09/30/26 | 20,000 | 16,115 | |||||||||
| SRS Distribution, Inc.(1) | 4.63 | 07/01/28 | 20,000 | 17,605 | |||||||||
| Staples, Inc.(1) | 7.50 | 04/15/26 | 50,000 | 43,527 | |||||||||
| Suburban Propane Partners LP/Suburban Energy Finance Corp.(1) | 5.00 | 06/01/31 | 20,000 | 16,860 | |||||||||
| Suburban Propane Partners LP/Suburban Energy Finance Corp. | 5.88 | 03/01/27 | 10,000 | 9,464 | |||||||||
| Victoria’s Secret & Co.(1) | 4.63 | 07/15/29 | 15,000 | 11,969 | |||||||||
| 541,961 | |||||||||||||
| SOFTWARE – 3.2% | |||||||||||||
| Boxer Parent Co., Inc.(1) | 7.13 | 10/02/25 | 10,000 | 9,848 | |||||||||
| Camelot Finance SA(1) | 4.50 | 11/01/26 | 15,000 | 14,049 | |||||||||
| Central Parent, Inc./CDK Global, Inc.(1) | 7.25 | 06/15/29 | 25,000 | 23,951 | |||||||||
| Clarivate Science Holdings Corp.(1) | 3.88 | 07/01/28 | 25,000 | 21,499 | |||||||||
| Consensus Cloud Solutions, Inc.(1) | 6.50 | 10/15/28 | 25,000 | 22,105 | |||||||||
| Dun & Bradstreet Corp.(1) | 5.00 | 12/15/29 | 15,000 | 12,745 | |||||||||
| Elastic NV(1) | 4.13 | 07/15/29 | 25,000 | 20,932 | |||||||||
| Helios Software Holdings, Inc./ION Corporate Solutions Finance Sarl(1) | 4.63 | 05/01/28 | 10,000 | 7,734 | |||||||||
| MicroStrategy, Inc.(1) | 6.13 | 06/15/28 | 15,000 | 12,875 | |||||||||
| Picard Midco, Inc.(1) | 6.50 | 03/31/29 | 100,000 | 86,883 | |||||||||
| Playtika Holding Corp.(1) | 4.25 | 03/15/29 | 25,000 | 20,868 | |||||||||
| Rackspace Technology Global, Inc.(1) | 3.50 | 02/15/28 | 15,000 | 9,933 | |||||||||
| SS&C Technologies, Inc.(1) | 5.50 | 09/30/27 | 50,000 | 46,577 | |||||||||
| Veritas US, Inc./Veritas Bermuda Ltd.(1) | 7.50 | 09/01/25 | 60,000 | 50,624 | |||||||||
| ZoomInfo Technologies LLC/ZoomInfo Finance Corp.(1) | 3.88 | 02/01/29 | 15,000 | 12,559 | |||||||||
| 373,182 | |||||||||||||
| TELECOMMUNICATIONS – 6.7% | |||||||||||||
| Altice France SA/France(1) | 5.13 | 07/15/29 | 65,000 | 49,075 | |||||||||
| Altice France SA/France(1) | 5.50 | 01/15/28 | 40,000 | 31,708 | |||||||||
| Altice France SA/France(1) | 5.50 | 10/15/29 | 40,000 | 30,577 | |||||||||
| Altice France SA/France(1) | 8.13 | 02/01/27 | 50,000 | 45,850 | |||||||||
| C&W Senior Financing DAC(1) | 6.88 | 09/15/27 | 45,000 | 39,134 | |||||||||
| CommScope, Inc.(1) | 4.75 | 09/01/29 | 35,000 | 29,649 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| TELECOMMUNICATIONS – 6.7% (Continued) | |||||||||||||
| CommScope, Inc.(1) | 6.00 | 03/01/26 | $ | 35,000 | $ | 33,822 | |||||||
| Connect FinCo. Sarl/Connect US FinCo. LLC(1) | 6.75 | 10/01/26 | 55,000 | 51,791 | |||||||||
| Consolidated Communications, Inc.(1) | 5.00 | 10/01/28 | 5,000 | 3,881 | |||||||||
| Consolidated Communications, Inc.(1) | 6.50 | 10/01/28 | 20,000 | 16,406 | |||||||||
| Frontier Communications Holdings LLC(1) | 5.00 | 05/01/28 | 55,000 | 48,228 | |||||||||
| Frontier Communications Holdings LLC(1) | 5.88 | 10/15/27 | 50,000 | 46,063 | |||||||||
| Frontier Communications Holdings LLC | 5.88 | 11/01/29 | 25,000 | 19,547 | |||||||||
| Frontier Communications Holdings LLC(1) | 6.00 | 01/15/30 | 15,000 | 11,765 | |||||||||
| Frontier Communications Holdings LLC(1) | 6.75 | 05/01/29 | 15,000 | 12,388 | |||||||||
| Frontier Communications Holdings LLC(1) | 8.75 | 05/15/30 | 25,000 | 25,571 | |||||||||
| GoTo Group, Inc.(1) | 5.50 | 09/01/27 | 40,000 | 23,301 | |||||||||
| Hughes Satellite Systems Corp. | 6.63 | 08/01/26 | 20,000 | 18,893 | |||||||||
| Iliad Holding SASU(1) | 6.50 | 10/15/26 | 35,000 | 32,469 | |||||||||
| Iliad Holding SASU(1) | 7.00 | 10/15/28 | 15,000 | 13,614 | |||||||||
| Intelsat Jackson Holdings SA(1) | 6.50 | 03/15/30 | 75,000 | 69,019 | |||||||||
| Maxar Technologies, Inc.(1) | 7.75 | 06/15/27 | 15,000 | 14,726 | |||||||||
| Telesat Canada/Telesat LLC(1) | 5.63 | 12/06/26 | 25,000 | 11,838 | |||||||||
| Viasat, Inc.(1) | 6.50 | 07/15/28 | 25,000 | 20,931 | |||||||||
| Windstream Escrow LLC/Windstream Escrow Finance Corp.(1) | 7.75 | 08/15/28 | 40,000 | 34,723 | |||||||||
| Zayo Group Holdings, Inc.(1) | 4.00 | 03/01/27 | 40,000 | 30,973 | |||||||||
| 765,942 | |||||||||||||
| TRANSPORTATION – 0.2% | |||||||||||||
| XPO CNW, Inc. | 6.70 | 05/01/34 | 10,000 | 8,964 | |||||||||
| XPO Logistics, Inc.(1) | 6.25 | 05/01/25 | 15,000 | 15,173 | |||||||||
| 24,137 | |||||||||||||
| WATER – 0.1% | |||||||||||||
| Solaris Midstream Holdings LLC(1) | 7.63 | 04/01/26 | 10,000 | 9,540 | |||||||||
| TOTAL CORPORATE BONDS (Cost - $11,695,013) | 11,274,142 | ||||||||||||
| SHORT-TERM INVESTMENTS – 0.5% | |||||||||||||
| TIME DEPOSITS – 0.5% | |||||||||||||
| Citibank, New York | 2.43 | 11/01/22 | 55,687 | 55,687 | |||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $55,687) | 55,687 | ||||||||||||
| TOTAL INVESTMENTS – 98.4% (Cost - $11,750,700) | $ | 11,329,829 | |||||||||||
| OTHER ASSETS LESS LIABILITIES – 1.6% | 186,920 | ||||||||||||
| NET ASSETS – 100.0% | $ | 11,516,749 | |||||||||||
| (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 October 31, 2022, amounts to $9,910,944 and represents 86.1% 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.
83
BONDBLOXX ETF TRUST
BondBloxx BB Rated USD High Yield Corporate Bond ETF
Portfolio of Investments
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| CORPORATE BONDS – 98.1% | |||||||||||||
| ADVERTISING – 0.3% | |||||||||||||
| Lamar Media Corp. | 3.63 | 01/15/31 | $ | 35,000 | $ | 28,585 | |||||||
| Lamar Media Corp. | 3.75 | 02/15/28 | 40,000 | 35,204 | |||||||||
| Lamar Media Corp. | 4.00 | 02/15/30 | 60,000 | 51,033 | |||||||||
| 114,822 | |||||||||||||
| AEROSPACE/DEFENSE – 1.3% | |||||||||||||
| Hexcel Corp. | 4.20 | 02/15/27 | 30,000 | 27,350 | |||||||||
| Howmet Aerospace, Inc. | 3.00 | 01/15/29 | 55,000 | 45,912 | |||||||||
| Howmet Aerospace, Inc. | 5.13 | 10/01/24 | 90,000 | 88,972 | |||||||||
| Howmet Aerospace, Inc. | 5.90 | 02/01/27 | 55,000 | 54,136 | |||||||||
| Howmet Aerospace, Inc. | 5.95 | 02/01/37 | 45,000 | 41,322 | |||||||||
| Howmet Aerospace, Inc. | 6.88 | 05/01/25 | 40,000 | 40,956 | |||||||||
| Moog, Inc.(1) | 4.25 | 12/15/27 | 20,000 | 17,929 | |||||||||
| Rolls-Royce PLC(1) | 3.63 | 10/14/25 | 155,000 | 137,128 | |||||||||
| Rolls-Royce PLC(1) | 5.75 | 10/15/27 | 55,000 | 49,849 | |||||||||
| Spirit AeroSystems, Inc.(1) | 5.50 | 01/15/25 | 55,000 | 53,151 | |||||||||
| 556,705 | |||||||||||||
| AGRICULTURE – 0.4% | |||||||||||||
| Darling Ingredients, Inc.(1) | 5.25 | 04/15/27 | 20,000 | 19,230 | |||||||||
| Darling Ingredients, Inc.(1) | 6.00 | 06/15/30 | 75,000 | 72,289 | |||||||||
| Vector Group Ltd.(1) | 5.75 | 02/01/29 | 70,000 | 61,421 | |||||||||
| 152,940 | |||||||||||||
| AIRLINES – 2.4% | |||||||||||||
| Air Canada(1) | 3.88 | 08/15/26 | 65,000 | 57,609 | |||||||||
| Allegiant Travel Co.(1) | 7.25 | 08/15/27 | 40,000 | 37,664 | |||||||||
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.(1) | 5.50 | 04/20/26 | 225,000 | 214,635 | |||||||||
| American Airlines, Inc./AAdvantage Loyalty IP Ltd.(1) | 5.75 | 04/20/29 | 260,000 | 237,064 | |||||||||
| Delta Air Lines, Inc. | 2.90 | 10/28/24 | 65,000 | 61,533 | |||||||||
| Delta Air Lines, Inc. | 3.75 | 10/28/29 | 30,000 | 24,746 | |||||||||
| Delta Air Lines, Inc. | 4.38 | 04/19/28 | 20,000 | 17,869 | |||||||||
| Delta Air Lines, Inc. | 7.38 | 01/15/26 | 60,000 | 61,350 | |||||||||
| Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd.(1) | 8.00 | 09/20/25 | 30,000 | 30,507 | |||||||||
| United Airlines, Inc.(1) | 4.38 | 04/15/26 | 155,000 | 141,750 | |||||||||
| United Airlines, Inc.(1) | 4.63 | 04/15/29 | 155,000 | 132,839 | |||||||||
| 1,017,566 | |||||||||||||
| APPAREL – 0.6% | |||||||||||||
| Hanesbrands, Inc.(1) | 4.63 | 05/15/24 | 55,000 | 53,622 | |||||||||
| Hanesbrands, Inc.(1) | 4.88 | 05/15/26 | 85,000 | 78,156 | |||||||||
| Kontoor Brands, Inc.(1) | 4.13 | 11/15/29 | 20,000 | 16,064 | |||||||||
| Levi Strauss & Co.(1) | 3.50 | 03/01/31 | 30,000 | 24,041 | |||||||||
| Under Armour, Inc. | 3.25 | 06/15/26 | 30,000 | 25,959 | |||||||||
| William Carter Co.(1) | 5.63 | 03/15/27 | 35,000 | 33,323 | |||||||||
| Wolverine World Wide, Inc.(1) | 4.00 | 08/15/29 | 40,000 | 31,659 | |||||||||
| 262,824 | |||||||||||||
The accompanying notes are an integral part of these financial statements.
84
BONDBLOXX ETF TRUST
BondBloxx BB Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| AUTO MANUFACTURERS – 2.5% | |||||||||||||
| Allison Transmission, Inc.(1) | 3.75 | 01/30/31 | $ | 55,000 | $ | 44,013 | |||||||
| Allison Transmission, Inc.(1) | 5.88 | 06/01/29 | 150,000 | 140,095 | |||||||||
| Ford Motor Co. | 3.25 | 02/12/32 | 80,000 | 60,202 | |||||||||
| Ford Motor Co. | 4.35 | 12/08/26 | 35,000 | 32,618 | |||||||||
| Ford Motor Co. | 4.75 | 01/15/43 | 55,000 | 38,400 | |||||||||
| Ford Motor Co. | 5.29 | 12/08/46 | 30,000 | 22,281 | |||||||||
| Ford Motor Co. | 6.10 | 08/19/32 | 40,000 | 36,675 | |||||||||
| Ford Motor Co. | 7.45 | 07/16/31 | 25,000 | 25,118 | |||||||||
| Ford Motor Credit Co. LLC | 2.30 | 02/10/25 | 30,000 | 27,192 | |||||||||
| Ford Motor Credit Co. LLC | 2.70 | 08/10/26 | 55,000 | 47,725 | |||||||||
| Ford Motor Credit Co. LLC | 2.90 | 02/16/28 | 20,000 | 16,285 | |||||||||
| Ford Motor Credit Co. LLC | 2.90 | 02/10/29 | 20,000 | 15,725 | |||||||||
| Ford Motor Credit Co. LLC | 3.37 | 11/17/23 | 130,000 | 125,656 | |||||||||
| Ford Motor Credit Co. LLC | 3.38 | 11/13/25 | 55,000 | 49,996 | |||||||||
| Ford Motor Credit Co. LLC | 3.63 | 06/17/31 | 30,000 | 23,394 | |||||||||
| Ford Motor Credit Co. LLC | 4.00 | 11/13/30 | 45,000 | 36,515 | |||||||||
| Ford Motor Credit Co. LLC | 4.06 | 11/01/24 | 55,000 | 52,862 | |||||||||
| Ford Motor Credit Co. LLC | 4.13 | 08/17/27 | 30,000 | 26,706 | |||||||||
| Ford Motor Credit Co. LLC | 4.13 | 08/04/25 | 40,000 | 37,283 | |||||||||
| Ford Motor Credit Co. LLC | 4.39 | 01/08/26 | 30,000 | 27,754 | |||||||||
| Ford Motor Credit Co. LLC | 4.95 | 05/28/27 | 35,000 | 32,096 | |||||||||
| Ford Motor Credit Co. LLC | 5.11 | 05/03/29 | 45,000 | 40,309 | |||||||||
| Ford Motor Credit Co. LLC | 5.13 | 06/16/25 | 70,000 | 67,647 | |||||||||
| Ford Motor Credit Co. LLC | 5.58 | 03/18/24 | 45,000 | 44,383 | |||||||||
| 1,070,930 | |||||||||||||
| AUTO PARTS & EQUIPMENT – 0.8% | |||||||||||||
| Dana, Inc. | 4.25 | 09/01/30 | 105,000 | 84,252 | |||||||||
| Dana, Inc. | 5.38 | 11/15/27 | 45,000 | 40,790 | |||||||||
| Dana, Inc. | 5.63 | 06/15/28 | 20,000 | 18,130 | |||||||||
| Goodyear Tire & Rubber Co. | 5.00 | 07/15/29 | 55,000 | 47,837 | |||||||||
| Tenneco, Inc.(1) | 5.13 | 04/15/29 | 55,000 | 54,626 | |||||||||
| Tenneco, Inc.(1) | 7.88 | 01/15/29 | 30,000 | 29,772 | |||||||||
| ZF North America Capital, Inc.(1) | 4.75 | 04/29/25 | 55,000 | 51,540 | |||||||||
| 326,947 | |||||||||||||
| BANKS – 1.7% | |||||||||||||
| Dresdner Funding Trust I(1) | 8.15 | 06/30/31 | 70,000 | 71,837 | |||||||||
| Intesa Sanpaolo SpA(1) | 4.20 | 06/01/32 | 45,000 | 30,505 | |||||||||
| Intesa Sanpaolo SpA(1) | 4.95 | 06/01/42 | 55,000 | 32,253 | |||||||||
| Intesa Sanpaolo SpA(1) | 5.02 | 06/26/24 | 205,000 | 193,598 | |||||||||
| Intesa Sanpaolo SpA(1) | 5.71 | 01/15/26 | 75,000 | 69,918 | |||||||||
| Pacific Western Bank | 3.25 | 05/01/31 | 30,000 | 27,039 | |||||||||
| Standard Chartered PLC(1),(2) | 7.01 | - | 45,000 | 42,810 | |||||||||
| Synovus Financial Corp. | 5.90 | 02/07/29 | 30,000 | 29,374 | |||||||||
| UniCredit SpA(1) | 5.46 | 06/30/35 | 105,000 | 78,328 | |||||||||
| UniCredit SpA(1) | 5.86 | 06/19/32 | 65,000 | 53,896 | |||||||||
| UniCredit SpA(1) | 7.30 | 04/02/34 | 90,000 | 76,433 | |||||||||
| 705,991 | |||||||||||||
The accompanying notes are an integral part of these financial statements.
85
BONDBLOXX ETF TRUST
BondBloxx BB Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| BUILDING MATERIALS – 1.3% | |||||||||||||
| Boise Cascade Co.(1) | 4.88 | 07/01/30 | $ | 20,000 | $ | 16,759 | |||||||
| Builders FirstSource, Inc.(1) | 4.25 | 02/01/32 | 105,000 | 84,198 | |||||||||
| Builders FirstSource, Inc.(1) | 5.00 | 03/01/30 | 30,000 | 25,810 | |||||||||
| Builders FirstSource, Inc.(1) | 6.38 | 06/15/32 | 50,000 | 46,106 | |||||||||
| James Hardie International Finance DAC(1) | 5.00 | 01/15/28 | 20,000 | 18,114 | |||||||||
| Louisiana-Pacific Corp.(1) | 3.63 | 03/15/29 | 30,000 | 24,438 | |||||||||
| Masonite International Corp.(1) | 5.38 | 02/01/28 | 60,000 | 55,014 | |||||||||
| Standard Industries, Inc./NJ(1) | 3.38 | 01/15/31 | 65,000 | 48,788 | |||||||||
| Standard Industries, Inc./NJ(1) | 4.38 | 07/15/30 | 120,000 | 97,249 | |||||||||
| Standard Industries, Inc./NJ(1) | 4.75 | 01/15/28 | 65,000 | 57,117 | |||||||||
| Standard Industries, Inc./NJ(1) | 5.00 | 02/15/27 | 55,000 | 49,852 | |||||||||
| Summit Materials LLC/Summit Materials Finance Corp.(1) | 5.25 | 01/15/29 | 55,000 | 50,362 | |||||||||
| 573,807 | |||||||||||||
| CHEMICALS – 2.7% | |||||||||||||
| Ashland LLC(1) | 3.38 | 09/01/31 | 45,000 | 35,273 | |||||||||
| Avient Corp.(1) | 5.75 | 05/15/25 | 45,000 | 44,105 | |||||||||
| Avient Corp.(1) | 7.13 | 08/01/30 | 50,000 | 47,880 | |||||||||
| Chemours Co.(1) | 4.63 | 11/15/29 | 50,000 | 39,127 | |||||||||
| Chemours Co.(1) | 5.75 | 11/15/28 | 175,000 | 149,143 | |||||||||
| Element Solutions, Inc.(1) | 3.88 | 09/01/28 | 55,000 | 46,893 | |||||||||
| HB Fuller Co. | 4.00 | 02/15/27 | 30,000 | 27,493 | |||||||||
| INEOS Quattro Finance 2 PLC(1) | 3.38 | 01/15/26 | 30,000 | 25,421 | |||||||||
| Ingevity Corp.(1) | 3.88 | 11/01/28 | 30,000 | 25,367 | |||||||||
| Methanex Corp. | 4.25 | 12/01/24 | 20,000 | 19,381 | |||||||||
| Methanex Corp. | 5.13 | 10/15/27 | 30,000 | 27,434 | |||||||||
| Methanex Corp. | 5.25 | 12/15/29 | 30,000 | 25,731 | |||||||||
| Methanex Corp. | 5.65 | 12/01/44 | 100,000 | 69,250 | |||||||||
| NOVA Chemicals Corp.(1) | 4.25 | 05/15/29 | 30,000 | 24,537 | |||||||||
| NOVA Chemicals Corp.(1) | 4.88 | 06/01/24 | 70,000 | 68,233 | |||||||||
| NOVA Chemicals Corp.(1) | 5.00 | 05/01/25 | 45,000 | 42,916 | |||||||||
| NOVA Chemicals Corp.(1) | 5.25 | 06/01/27 | 70,000 | 62,650 | |||||||||
| Olin Corp. | 5.00 | 02/01/30 | 70,000 | 63,449 | |||||||||
| Olin Corp. | 5.13 | 09/15/27 | 45,000 | 42,255 | |||||||||
| SPCM SA(1) | 3.13 | 03/15/27 | 40,000 | 35,209 | |||||||||
| Valvoline, Inc.(1) | 4.25 | 02/15/30 | 165,000 | 159,062 | |||||||||
| WR Grace Holdings LLC(1) | 4.88 | 06/15/27 | 50,000 | 43,812 | |||||||||
| WR Grace Holdings LLC(1) | 5.63 | 10/01/24 | 25,000 | 24,542 | |||||||||
| 1,149,163 | |||||||||||||
| COAL – 0.1% | |||||||||||||
| SunCoke Energy, Inc.(1) | 4.88 | 06/30/29 | 45,000 | 36,968 | |||||||||
| Warrior Met Coal, Inc.(1) | 7.88 | 12/01/28 | 20,000 | 19,749 | |||||||||
| 56,717 | |||||||||||||
| COMMERCIAL SERVICES – 3.7% | |||||||||||||
| ADT Security Corp.(1) | 4.13 | 08/01/29 | 85,000 | 73,100 | |||||||||
| ADT Security Corp.(1) | 4.88 | 07/15/32 | 45,000 | 38,390 | |||||||||
| Albion Financing 1 Sarl/Aggreko Holdings, Inc.(1) | 6.13 | 10/15/26 | 35,000 | 29,972 | |||||||||
| AMN Healthcare, Inc.(1) | 4.63 | 10/01/27 | 55,000 | 51,541 | |||||||||
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 (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| COMMERCIAL SERVICES – 3.7% (Continued) | |||||||||||||
| ASGN, Inc.(1) | 4.63 | 05/15/28 | $ | 30,000 | $ | 26,719 | |||||||
| Autopistas Metropolitanas de Puerto Rico LLC(1) | 6.75 | 06/30/35 | 25,395 | 21,966 | |||||||||
| Block, Inc. | 2.75 | 06/01/26 | 55,000 | 49,182 | |||||||||
| Block, Inc. | 3.50 | 06/01/31 | 75,000 | 60,569 | |||||||||
| Brink’s Co.(1) | 4.63 | 10/15/27 | 55,000 | 50,965 | |||||||||
| CoreCivic, Inc. | 8.25 | 04/15/26 | 50,000 | 50,793 | |||||||||
| Gartner, Inc.(1) | 3.63 | 06/15/29 | 20,000 | 17,042 | |||||||||
| Gartner, Inc.(1) | 3.75 | 10/01/30 | 80,000 | 67,400 | |||||||||
| Gartner, Inc.(1) | 4.50 | 07/01/28 | 45,000 | 41,794 | |||||||||
| Grand Canyon University | 4.13 | 10/01/24 | 105,000 | 98,700 | |||||||||
| Korn Ferry(1) | 4.63 | 12/15/27 | 25,000 | 22,777 | |||||||||
| Prime Security Services Borrower LLC/Prime Finance, Inc.(1) | 3.38 | 08/31/27 | 80,000 | 69,418 | |||||||||
| Prime Security Services Borrower LLC/Prime Finance, Inc.(1) | 5.75 | 04/15/26 | 155,000 | 151,151 | |||||||||
| Ritchie Bros Auctioneers, Inc.(1) | 5.38 | 01/15/25 | 50,000 | 49,321 | |||||||||
| Service Corp. International/US | 3.38 | 08/15/30 | 60,000 | 48,581 | |||||||||
| Service Corp. International/US | 4.00 | 05/15/31 | 50,000 | 41,626 | |||||||||
| Service Corp. International/US | 4.63 | 12/15/27 | 20,000 | 18,559 | |||||||||
| Service Corp. International/US | 5.13 | 06/01/29 | 75,000 | 70,046 | |||||||||
| Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.(1) | 4.63 | 11/01/26 | 30,000 | 27,703 | |||||||||
| TriNet Group, Inc.(1) | 3.50 | 03/01/29 | 40,000 | 33,208 | |||||||||
| United Rentals North America, Inc. | 3.75 | 01/15/32 | 45,000 | 36,558 | |||||||||
| United Rentals North America, Inc. | 3.88 | 02/15/31 | 90,000 | 74,735 | |||||||||
| United Rentals North America, Inc. | 4.00 | 07/15/30 | 40,000 | 34,125 | |||||||||
| United Rentals North America, Inc. | 4.88 | 01/15/28 | 130,000 | 121,116 | |||||||||
| United Rentals North America, Inc. | 5.25 | 01/15/30 | 80,000 | 74,345 | |||||||||
| United Rentals North America, Inc. | 5.50 | 05/15/27 | 30,000 | 29,310 | |||||||||
| 1,580,712 | |||||||||||||
| COMPUTERS – 1.0% | |||||||||||||
| Booz Allen Hamilton, Inc.(1) | 3.88 | 09/01/28 | 70,000 | 61,803 | |||||||||
| Booz Allen Hamilton, Inc.(1) | 4.00 | 07/01/29 | 25,000 | 21,887 | |||||||||
| Crowdstrike Holdings, Inc. | 3.00 | 02/15/29 | 50,000 | 42,268 | |||||||||
| Seagate HDD Cayman | 3.38 | 07/15/31 | 50,000 | 35,761 | |||||||||
| Seagate HDD Cayman | 4.09 | 06/01/29 | 130,000 | 104,304 | |||||||||
| Seagate HDD Cayman | 4.13 | 01/15/31 | 35,000 | 26,370 | |||||||||
| Seagate HDD Cayman | 4.75 | 01/01/25 | 30,000 | 28,996 | |||||||||
| Seagate HDD Cayman | 4.88 | 03/01/24 | 20,000 | 19,523 | |||||||||
| Seagate HDD Cayman | 4.88 | 06/01/27 | 35,000 | 32,414 | |||||||||
| Seagate HDD Cayman | 5.75 | 12/01/34 | 20,000 | 16,293 | |||||||||
| Unisys Corp.(1) | 6.88 | 11/01/27 | 20,000 | 16,764 | |||||||||
| 406,383 | |||||||||||||
| COSMETICS/PERSONAL CARE – 0.4% | |||||||||||||
| Coty, Inc.(1) | 5.00 | 04/15/26 | 50,000 | 46,996 | |||||||||
| Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC(1) | 4.75 | 01/15/29 | 40,000 | 34,794 | |||||||||
| Edgewell Personal Care Co.(1) | 4.13 | 04/01/29 | 30,000 | 25,665 | |||||||||
| Edgewell Personal Care Co.(1) | 5.50 | 06/01/28 | 55,000 | 51,835 | |||||||||
| 159,290 | |||||||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| DISTRIBUTION/WHOLESALE – 0.2% | |||||||||||||
| American Builders & Contractors Supply Co., Inc.(1) | 4.00 | 01/15/28 | $ | 45,000 | $ | 39,796 | |||||||
| Resideo Funding, Inc.(1) | 4.00 | 09/01/29 | 20,000 | 16,429 | |||||||||
| Univar Solutions USA, Inc./Washington(1) | 5.13 | 12/01/27 | 30,000 | 27,793 | |||||||||
| 84,018 | |||||||||||||
| DIVERSIFIED FINANCIAL SERVICES – 4.9% | |||||||||||||
| AerCap Holdings NV | 5.88 | 10/10/79 | 55,000 | 49,564 | |||||||||
| Ally Financial, Inc. | 5.75 | 11/20/25 | 70,000 | 67,392 | |||||||||
| Coinbase Global, Inc.(1) | 3.38 | 10/01/28 | 75,000 | 49,192 | |||||||||
| Coinbase Global, Inc.(1) | 3.63 | 10/01/31 | 80,000 | 47,571 | |||||||||
| Credit Acceptance Corp. | 6.63 | 03/15/26 | 50,000 | 47,373 | |||||||||
| Enact Holdings, Inc.(1) | 6.50 | 08/15/25 | 50,000 | 49,371 | |||||||||
| goeasy Ltd.(1) | 5.38 | 12/01/24 | 45,000 | 42,059 | |||||||||
| Jane Street Group/JSG Finance, Inc.(1) | 4.50 | 11/15/29 | 30,000 | 26,584 | |||||||||
| Jefferies Finance LLC/JFIN Co.-Issuer Corp.(1) | 5.00 | 08/15/28 | 70,000 | 55,103 | |||||||||
| LPL Holdings, Inc.(1) | 4.00 | 03/15/29 | 75,000 | 65,649 | |||||||||
| LPL Holdings, Inc.(1) | 4.63 | 11/15/27 | 45,000 | 41,511 | |||||||||
| Midcap Financial Issuer Trust(1) | 6.50 | 05/01/28 | 75,000 | 63,929 | |||||||||
| Navient Corp. | 4.88 | 03/15/28 | 30,000 | 23,912 | |||||||||
| Navient Corp. | 5.00 | 03/15/27 | 30,000 | 25,349 | |||||||||
| Navient Corp. | 5.50 | 03/15/29 | 45,000 | 35,811 | |||||||||
| Navient Corp. | 5.63 | 08/01/33 | 30,000 | 21,210 | |||||||||
| Navient Corp. | 5.88 | 10/25/24 | 130,000 | 125,892 | |||||||||
| Navient Corp. | 6.13 | 03/25/24 | 55,000 | 54,108 | |||||||||
| Navient Corp. | 6.75 | 06/15/26 | 55,000 | 51,993 | |||||||||
| OneMain Finance Corp. | 3.50 | 01/15/27 | 145,000 | 119,189 | |||||||||
| OneMain Finance Corp. | 3.88 | 09/15/28 | 45,000 | 35,169 | |||||||||
| OneMain Finance Corp. | 4.00 | 09/15/30 | 50,000 | 37,881 | |||||||||
| OneMain Finance Corp. | 5.38 | 11/15/29 | 50,000 | 41,138 | |||||||||
| OneMain Finance Corp. | 6.13 | 03/15/24 | 85,000 | 83,171 | |||||||||
| OneMain Finance Corp. | 6.63 | 01/15/28 | 45,000 | 40,969 | |||||||||
| OneMain Finance Corp. | 6.88 | 03/15/25 | 65,000 | 63,130 | |||||||||
| OneMain Finance Corp. | 7.13 | 03/15/26 | 185,000 | 178,500 | |||||||||
| PennyMac Financial Services, Inc.(1) | 5.38 | 10/15/25 | 65,000 | 58,976 | |||||||||
| PennyMac Financial Services, Inc.(1) | 5.75 | 09/15/31 | 55,000 | 41,516 | |||||||||
| Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1) | 2.88 | 10/15/26 | 85,000 | 71,163 | |||||||||
| Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1) | 3.63 | 03/01/29 | 45,000 | 34,992 | |||||||||
| Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1) | 3.88 | 03/01/31 | 105,000 | 78,346 | |||||||||
| Rocket Mortgage LLC/Rocket Mortgage Co.-Issuer, Inc.(1) | 4.00 | 10/15/33 | 45,000 | 31,540 | |||||||||
| SLM Corp. | 3.13 | 11/02/26 | 105,000 | 92,271 | |||||||||
| United Wholesale Mortgage LLC(1) | 5.50 | 11/15/25 | 105,000 | 95,057 | |||||||||
| United Wholesale Mortgage LLC(1) | 5.50 | 04/15/29 | 45,000 | 34,072 | |||||||||
| 2,080,653 | |||||||||||||
| ELECTRIC – 4.4% | |||||||||||||
| Algonquin Power & Utilities Corp. | 4.75 | 01/18/82 | 50,000 | 40,375 | |||||||||
| Atlantica Sustainable Infrastructure PLC(1) | 4.13 | 06/15/28 | 30,000 | 25,469 | |||||||||
| Calpine Corp.(1) | 3.75 | 03/01/31 | 55,000 | 45,172 | |||||||||
| Calpine Corp.(1) | 4.50 | 02/15/28 | 95,000 | 85,529 | |||||||||
| Calpine Corp.(1) | 5.25 | 06/01/26 | 20,000 | 19,011 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| ELECTRIC – 4.4% (Continued) | |||||||||||||
| Clearway Energy Operating LLC(1) | 3.75 | 02/15/31 | $ | 95,000 | $ | 79,554 | |||||||
| Clearway Energy Operating LLC(1) | 4.75 | 03/15/28 | 45,000 | 41,694 | |||||||||
| DPL, Inc. | 4.13 | 07/01/25 | 65,000 | 61,474 | |||||||||
| Drax FinCo. PLC(1) | 6.63 | 11/01/25 | 45,000 | 41,911 | |||||||||
| Electricite de France SA(1),(2) | 5.63 | - | 130,000 | 114,513 | |||||||||
| Emera, Inc. | 6.75 | 06/15/76 | 80,000 | 74,870 | |||||||||
| FirstEnergy Corp. | 2.65 | 03/01/30 | 50,000 | 40,533 | |||||||||
| FirstEnergy Corp. | 3.40 | 03/01/50 | 105,000 | 65,467 | |||||||||
| FirstEnergy Corp. | 4.40 | 07/15/27 | 135,000 | 127,004 | |||||||||
| FirstEnergy Corp. | 5.35 | 07/15/47 | 34,000 | 28,127 | |||||||||
| FirstEnergy Corp. | 7.38 | 11/15/31 | 50,000 | 55,738 | |||||||||
| NextEra Energy Operating Partners LP(1) | 4.25 | 07/15/24 | 65,000 | 63,163 | |||||||||
| NextEra Energy Operating Partners LP(1) | 4.50 | 09/15/27 | 45,000 | 41,916 | |||||||||
| NRG Energy, Inc.(1) | 3.63 | 02/15/31 | 65,000 | 51,813 | |||||||||
| NRG Energy, Inc.(1) | 3.88 | 02/15/32 | 165,000 | 130,441 | |||||||||
| NRG Energy, Inc.(1) | 5.25 | 06/15/29 | 45,000 | 40,945 | |||||||||
| NRG Energy, Inc. | 5.75 | 01/15/28 | 55,000 | 52,589 | |||||||||
| NRG Energy, Inc. | 6.63 | 01/15/27 | 20,000 | 20,037 | |||||||||
| Pattern Energy Operations LP/Pattern Energy Operations, Inc.(1) | 4.50 | 08/15/28 | 30,000 | 27,051 | |||||||||
| PG&E Corp. | 5.00 | 07/01/28 | 155,000 | 140,089 | |||||||||
| PG&E Corp. | 5.25 | 07/01/30 | 55,000 | 48,790 | |||||||||
| TransAlta Corp. | 6.50 | 03/15/40 | 20,000 | 17,237 | |||||||||
| Vistra Operations Co. LLC(1) | 4.38 | 05/01/29 | 130,000 | 111,502 | |||||||||
| Vistra Operations Co. LLC(1) | 5.00 | 07/31/27 | 65,000 | 60,076 | |||||||||
| Vistra Operations Co. LLC(1) | 5.50 | 09/01/26 | 55,000 | 52,933 | |||||||||
| Vistra Operations Co. LLC(1) | 5.63 | 02/15/27 | 85,000 | 81,159 | |||||||||
| 1,886,182 | |||||||||||||
| ELECTRICAL COMPONENTS & EQUIPMENT – 0.5% | |||||||||||||
| EnerSys(1) | 4.38 | 12/15/27 | 20,000 | 17,592 | |||||||||
| WESCO Distribution, Inc.(1) | 7.13 | 06/15/25 | 95,000 | 96,068 | |||||||||
| WESCO Distribution, Inc.(1) | 7.25 | 06/15/28 | 85,000 | 86,352 | |||||||||
| 200,012 | |||||||||||||
| ELECTRONICS – 1.0% | |||||||||||||
| Atkore, Inc.(1) | 4.25 | 06/01/31 | 35,000 | 28,405 | |||||||||
| Imola Merger Corp.(1) | 4.75 | 05/15/29 | 130,000 | 112,313 | |||||||||
| Sensata Technologies BV(1) | 4.00 | 04/15/29 | 165,000 | 139,228 | |||||||||
| Sensata Technologies BV(1) | 5.00 | 10/01/25 | 45,000 | 43,702 | |||||||||
| Sensata Technologies BV(1) | 5.88 | 09/01/30 | 40,000 | 38,059 | |||||||||
| Sensata Technologies, Inc.(1) | 3.75 | 02/15/31 | 55,000 | 43,926 | |||||||||
| TTM Technologies, Inc.(1) | 4.00 | 03/01/29 | 30,000 | 25,097 | |||||||||
| 430,730 | |||||||||||||
| ENERGY-ALTERNATE SOURCES – 0.2% | |||||||||||||
| TerraForm Power Operating LLC(1) | 4.75 | 01/15/30 | 45,000 | 40,548 | |||||||||
| TerraForm Power Operating LLC(1) | 5.00 | 01/31/28 | 50,000 | 46,433 | |||||||||
| 86,981 | |||||||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| ENGINEERING & CONSTRUCTION – 0.5% | |||||||||||||
| AECOM | 5.13 | 03/15/27 | $ | 55,000 | $ | 52,205 | |||||||
| Arcosa, Inc.(1) | 4.38 | 04/15/29 | 30,000 | 25,907 | |||||||||
| Cellnex Finance Co. SA(1) | 3.88 | 07/07/41 | 40,000 | 24,574 | |||||||||
| Dycom Industries, Inc.(1) | 4.50 | 04/15/29 | 30,000 | 26,207 | |||||||||
| Fluor Corp. | 4.25 | 09/15/28 | 45,000 | 39,327 | |||||||||
| TopBuild Corp.(1) | 3.63 | 03/15/29 | 30,000 | 23,881 | |||||||||
| TopBuild Corp.(1) | 4.13 | 02/15/32 | 45,000 | 35,298 | |||||||||
| 227,399 | |||||||||||||
| ENTERTAINMENT – 1.4% | |||||||||||||
| Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op(1) | 5.50 | 05/01/25 | 65,000 | 64,594 | |||||||||
| International Game Technology PLC(1) | 4.13 | 04/15/26 | 95,000 | 88,327 | |||||||||
| International Game Technology PLC(1) | 5.25 | 01/15/29 | 40,000 | 37,212 | |||||||||
| International Game Technology PLC(1) | 6.25 | 01/15/27 | 50,000 | 49,655 | |||||||||
| International Game Technology PLC(1) | 6.50 | 02/15/25 | 60,000 | 60,115 | |||||||||
| Resorts World Las Vegas LLC/RWLV Capital, Inc.(1) | 4.63 | 04/16/29 | 115,000 | 82,438 | |||||||||
| Six Flags Theme Parks, Inc.(1) | 7.00 | 07/01/25 | 16,000 | 16,179 | |||||||||
| Vail Resorts, Inc.(1) | 6.25 | 05/15/25 | 40,000 | 39,888 | |||||||||
| WMG Acquisition Corp.(1) | 3.00 | 02/15/31 | 45,000 | 35,209 | |||||||||
| WMG Acquisition Corp.(1) | 3.75 | 12/01/29 | 50,000 | 41,698 | |||||||||
| WMG Acquisition Corp.(1) | 3.88 | 07/15/30 | 100,000 | 85,602 | |||||||||
| 600,917 | |||||||||||||
| ENVIRONMENTAL CONTROL – 0.6% | |||||||||||||
| Clean Harbors, Inc.(1) | 4.88 | 07/15/27 | 40,000 | 37,702 | |||||||||
| Clean Harbors, Inc.(1) | 5.13 | 07/15/29 | 20,000 | 18,571 | |||||||||
| GFL Environmental, Inc.(1) | 3.50 | 09/01/28 | 45,000 | 38,270 | |||||||||
| GFL Environmental, Inc.(1) | 3.75 | 08/01/25 | 55,000 | 52,109 | |||||||||
| GFL Environmental, Inc.(1) | 5.13 | 12/15/26 | 45,000 | 42,905 | |||||||||
| Stericycle, Inc.(1) | 3.88 | 01/15/29 | 35,000 | 30,460 | |||||||||
| Stericycle, Inc.(1) | 5.38 | 07/15/24 | 45,000 | 44,425 | |||||||||
| 264,442 | |||||||||||||
| FOOD – 1.8% | |||||||||||||
| Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1) | 3.25 | 03/15/26 | 95,000 | 85,496 | |||||||||
| Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1) | 3.50 | 03/15/29 | 100,000 | 83,027 | |||||||||
| Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1) | 4.63 | 01/15/27 | 95,000 | 88,194 | |||||||||
| Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1) | 4.88 | 02/15/30 | 65,000 | 57,844 | |||||||||
| Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC(1) | 5.88 | 02/15/28 | 55,000 | 51,492 | |||||||||
| Ingles Markets, Inc.(1) | 4.00 | 06/15/31 | 40,000 | 33,276 | |||||||||
| Lamb Weston Holdings, Inc.(1) | 4.13 | 01/31/30 | 75,000 | 65,667 | |||||||||
| Lamb Weston Holdings, Inc.(1) | 4.38 | 01/31/32 | 45,000 | 38,712 | |||||||||
| Lamb Weston Holdings, Inc.(1) | 4.88 | 05/15/28 | 50,000 | 46,554 | |||||||||
| Pilgrim’s Pride Corp.(1) | 3.50 | 03/01/32 | 60,000 | 46,093 | |||||||||
| Pilgrim’s Pride Corp.(1) | 4.25 | 04/15/31 | 65,000 | 54,281 | |||||||||
| Pilgrim’s Pride Corp.(1) | 5.88 | 09/30/27 | 55,000 | 53,834 | |||||||||
| US Foods, Inc.(1) | 6.25 | 04/15/25 | 55,000 | 54,815 | |||||||||
| 759,285 | |||||||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| FOREST PRODUCTS & PAPER – 0.2% | |||||||||||||
| Domtar Corp.(1) | 6.75 | 10/01/28 | $ | 60,000 | $ | 51,147 | |||||||
| Sylvamo Corp.(1) | 7.00 | 09/01/29 | 30,000 | 27,925 | |||||||||
| 79,072 | |||||||||||||
| HEALTHCARE-PRODUCTS – 0.7% | |||||||||||||
| Avantor Funding, Inc.(1) | 3.88 | 11/01/29 | 55,000 | 46,555 | |||||||||
| Avantor Funding, Inc.(1) | 4.63 | 07/15/28 | 105,000 | 95,086 | |||||||||
| Hologic, Inc.(1) | 3.25 | 02/15/29 | 70,000 | 59,635 | |||||||||
| Hologic, Inc.(1) | 4.63 | 02/01/28 | 20,000 | 18,729 | |||||||||
| Teleflex, Inc. | 4.63 | 11/15/27 | 75,000 | 70,787 | |||||||||
| 290,792 | |||||||||||||
| HEALTHCARE-SERVICES – 2.7% | |||||||||||||
| Charles River Laboratories International, Inc.(1) | 3.75 | 03/15/29 | 50,000 | 43,317 | |||||||||
| Charles River Laboratories International, Inc.(1) | 4.00 | 03/15/31 | 20,000 | 16,851 | |||||||||
| Charles River Laboratories International, Inc.(1) | 4.25 | 05/01/28 | 45,000 | 40,997 | |||||||||
| IQVIA, Inc.(1) | 5.00 | 10/15/26 | 100,000 | 95,583 | |||||||||
| IQVIA, Inc.(1) | 5.00 | 05/15/27 | 85,000 | 81,112 | |||||||||
| Molina Healthcare, Inc.(1) | 3.88 | 11/15/30 | 55,000 | 46,867 | |||||||||
| Molina Healthcare, Inc.(1) | 3.88 | 05/15/32 | 40,000 | 33,465 | |||||||||
| Molina Healthcare, Inc.(1) | 4.38 | 06/15/28 | 55,000 | 49,414 | |||||||||
| Pediatrix Medical Group, Inc.(1) | 5.38 | 02/15/30 | 40,000 | 34,457 | |||||||||
| Tenet Healthcare Corp.(1) | 4.25 | 06/01/29 | 135,000 | 113,943 | |||||||||
| Tenet Healthcare Corp.(1) | 4.38 | 01/15/30 | 105,000 | 88,279 | |||||||||
| Tenet Healthcare Corp. | 4.63 | 07/15/24 | 50,000 | 48,818 | |||||||||
| Tenet Healthcare Corp.(1) | 4.88 | 01/01/26 | 170,000 | 160,975 | |||||||||
| Tenet Healthcare Corp.(1) | 5.13 | 11/01/27 | 145,000 | 133,912 | |||||||||
| Tenet Healthcare Corp.(1) | 6.13 | 06/15/30 | 130,000 | 120,227 | |||||||||
| Toledo Hospital | 4.98 | 11/15/45 | 25,000 | 15,356 | |||||||||
| Toledo Hospital | 5.33 | 11/15/28 | 20,000 | 13,291 | |||||||||
| Toledo Hospital | 6.02 | 11/15/48 | 25,000 | 16,625 | |||||||||
| 1,153,489 | |||||||||||||
| HOME BUILDERS – 1.9% | |||||||||||||
| Century Communities, Inc.(1) | 3.88 | 08/15/29 | 30,000 | 23,671 | |||||||||
| Century Communities, Inc. | 6.75 | 06/01/27 | 50,000 | 47,808 | |||||||||
| Forestar Group, Inc.(1) | 3.85 | 05/15/26 | 50,000 | 42,643 | |||||||||
| KB Home | 6.88 | 06/15/27 | 75,000 | 72,646 | |||||||||
| KB Home | 7.25 | 07/15/30 | 50,000 | 46,250 | |||||||||
| LGI Homes, Inc.(1) | 4.00 | 07/15/29 | 30,000 | 23,052 | |||||||||
| M/I Homes, Inc. | 3.95 | 02/15/30 | 20,000 | 14,880 | |||||||||
| M/I Homes, Inc. | 4.95 | 02/01/28 | 25,000 | 21,487 | |||||||||
| Mattamy Group Corp.(1) | 4.63 | 03/01/30 | 40,000 | 31,285 | |||||||||
| Mattamy Group Corp.(1) | 5.25 | 12/15/27 | 30,000 | 25,679 | |||||||||
| Meritage Homes Corp.(1) | 3.88 | 04/15/29 | 55,000 | 44,283 | |||||||||
| Meritage Homes Corp. | 6.00 | 06/01/25 | 20,000 | 19,440 | |||||||||
| Shea Homes LP/Shea Homes Funding Corp.(1) | 4.75 | 02/15/28 | 60,000 | 50,700 | |||||||||
| Taylor Morrison Communities, Inc.(1) | 5.13 | 08/01/30 | 20,000 | 16,622 | |||||||||
| Taylor Morrison Communities, Inc.(1) | 5.75 | 01/15/28 | 115,000 | 105,557 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| HOME BUILDERS – 1.9% (Continued) | |||||||||||||
| Taylor Morrison Communities, Inc.(1) | 5.88 | 06/15/27 | $ | 55,000 | $ | 51,648 | |||||||
| TRI Pointe Group, Inc./TRI Pointe Homes, Inc. | 5.88 | 06/15/24 | 175,000 | 172,219 | |||||||||
| 809,870 | |||||||||||||
| HOME FURNISHINGS – 0.2% | |||||||||||||
| Tempur Sealy International, Inc.(1) | 3.88 | 10/15/31 | 60,000 | 45,176 | |||||||||
| Tempur Sealy International, Inc.(1) | 4.00 | 04/15/29 | 50,000 | 40,328 | |||||||||
| 85,504 | |||||||||||||
| HOUSEHOLD PRODUCTS/WARES – 0.2% | |||||||||||||
| ACCO Brands Corp.(1) | 4.25 | 03/15/29 | 30,000 | 23,910 | |||||||||
| Central Garden & Pet Co. | 4.13 | 10/15/30 | 60,000 | 49,679 | |||||||||
| Central Garden & Pet Co.(1) | 4.13 | 04/30/31 | 20,000 | 16,633 | |||||||||
| 90,222 | |||||||||||||
| HOUSEWARES – 0.7% | |||||||||||||
| Newell Brands, Inc. | 4.45 | 04/01/26 | 160,000 | 149,135 | |||||||||
| Newell Brands, Inc. | 4.88 | 06/01/25 | 20,000 | 19,331 | |||||||||
| Newell Brands, Inc. | 5.63 | 04/01/36 | 20,000 | 16,644 | |||||||||
| Newell Brands, Inc. | 5.75 | 04/01/46 | 50,000 | 38,585 | |||||||||
| Newell Brands, Inc. | 6.38 | 09/15/27 | 25,000 | 24,465 | |||||||||
| Newell Brands, Inc. | 6.63 | 09/15/29 | 50,000 | 48,944 | |||||||||
| 297,104 | |||||||||||||
| INSURANCE – 0.8% | |||||||||||||
| Assurant, Inc. | 7.00 | 03/27/48 | 20,000 | 19,067 | |||||||||
| Enstar Finance LLC | 5.50 | 01/15/42 | 45,000 | 35,429 | |||||||||
| Genworth Holdings, Inc. | 6.50 | 06/15/34 | 25,000 | 20,787 | |||||||||
| Global Atlantic Finance Co.(1) | 4.70 | 10/15/51 | 95,000 | 70,244 | |||||||||
| Liberty Mutual Group, Inc.(1) | 4.13 | 12/15/51 | 85,000 | 63,864 | |||||||||
| Liberty Mutual Group, Inc.(1) | 4.30 | 02/01/61 | 55,000 | 32,524 | |||||||||
| MGIC Investment Corp. | 5.25 | 08/15/28 | 50,000 | 45,476 | |||||||||
| NMI Holdings, Inc.(1) | 7.38 | 06/01/25 | 35,000 | 35,014 | |||||||||
| 322,405 | |||||||||||||
| INTERNET – 1.4% | |||||||||||||
| Cogent Communications Group, Inc.(1) | 3.50 | 05/01/26 | 55,000 | 49,722 | |||||||||
| Go Daddy Operating Co. LLC/GD Finance Co., Inc.(1) | 3.50 | 03/01/29 | 55,000 | 45,756 | |||||||||
| Go Daddy Operating Co. LLC/GD Finance Co., Inc.(1) | 5.25 | 12/01/27 | 40,000 | 37,525 | |||||||||
| Match Group Holdings II LLC(1) | 3.63 | 10/01/31 | 45,000 | 34,366 | |||||||||
| Match Group Holdings II LLC(1) | 4.13 | 08/01/30 | 45,000 | 36,828 | |||||||||
| Match Group Holdings II LLC(1) | 4.63 | 06/01/28 | 45,000 | 40,074 | |||||||||
| Match Group Holdings II LLC(1) | 5.00 | 12/15/27 | 20,000 | 17,873 | |||||||||
| NortonLifeLock, Inc.(1) | 5.00 | 04/15/25 | 75,000 | 72,951 | |||||||||
| NortonLifeLock, Inc.(1) | 6.75 | 09/30/27 | 75,000 | 74,038 | |||||||||
| NortonLifeLock, Inc.(1) | 7.13 | 09/30/30 | 40,000 | 39,374 | |||||||||
| Twitter, Inc.(1) | 3.88 | 12/15/27 | 50,000 | 50,516 | |||||||||
| Twitter, Inc.(1) | 5.00 | 03/01/30 | 70,000 | 70,494 | |||||||||
| Ziff Davis, Inc.(1) | 4.63 | 10/15/30 | 30,000 | 25,398 | |||||||||
| 594,915 | |||||||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| INVESTMENT COMPANIES – 0.8% | |||||||||||||
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. | 4.38 | 02/01/29 | $ | 50,000 | $ | 41,872 | |||||||
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. | 4.75 | 09/15/24 | 120,000 | 116,941 | |||||||||
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. | 5.25 | 05/15/27 | 110,000 | 101,554 | |||||||||
| Icahn Enterprises LP/Icahn Enterprises Finance Corp. | 6.25 | 05/15/26 | 80,000 | 76,947 | |||||||||
| 337,314 | |||||||||||||
| IRON/STEEL – 1.1% | |||||||||||||
| Big River Steel LLC/BRS Finance Corp.(1) | 6.63 | 01/31/29 | 45,000 | 42,430 | |||||||||
| Carpenter Technology Corp. | 6.38 | 07/15/28 | 30,000 | 27,764 | |||||||||
| Carpenter Technology Corp. | 7.63 | 03/15/30 | 25,000 | 24,463 | |||||||||
| Cleveland-Cliffs, Inc.(1) | 4.63 | 03/01/29 | 30,000 | 25,875 | |||||||||
| Cleveland-Cliffs, Inc.(1) | 4.88 | 03/01/31 | 30,000 | 25,382 | |||||||||
| Cleveland-Cliffs, Inc. | 5.88 | 06/01/27 | 50,000 | 46,616 | |||||||||
| Cleveland-Cliffs, Inc.(1) | 6.75 | 03/15/26 | 60,000 | 59,665 | |||||||||
| Commercial Metals Co. | 3.88 | 02/15/31 | 55,000 | 44,627 | |||||||||
| Mineral Resources Ltd.(1) | 8.13 | 05/01/27 | 75,000 | 74,787 | |||||||||
| Mineral Resources Ltd.(1) | 8.50 | 05/01/30 | 60,000 | 59,141 | |||||||||
| United States Steel Corp. | 6.65 | 06/01/37 | 25,000 | 20,890 | |||||||||
| United States Steel Corp. | 6.88 | 03/01/29 | 39,000 | 35,845 | |||||||||
| 487,485 | |||||||||||||
| LEISURE TIME – 0.8% | |||||||||||||
| Carnival Corp.(1) | 4.00 | 08/01/28 | 165,000 | 133,237 | |||||||||
| Royal Caribbean Cruises Ltd.(1) | 8.25 | 01/15/29 | 80,000 | 79,859 | |||||||||
| Royal Caribbean Cruises Ltd.(1) | 11.50 | 06/01/25 | 90,000 | 97,040 | |||||||||
| Vista Outdoor, Inc.(1) | 4.50 | 03/15/29 | 35,000 | 27,413 | |||||||||
| 337,549 | |||||||||||||
| LODGING – 2.1% | |||||||||||||
| Genting New York LLC/GENNY Capital, Inc.(1) | 3.30 | 02/15/26 | 30,000 | 26,322 | |||||||||
| Hilton Domestic Operating Co., Inc.(1) | 3.63 | 02/15/32 | 95,000 | 75,819 | |||||||||
| Hilton Domestic Operating Co., Inc.(1) | 3.75 | 05/01/29 | 85,000 | 72,593 | |||||||||
| Hilton Domestic Operating Co., Inc.(1) | 4.00 | 05/01/31 | 90,000 | 75,372 | |||||||||
| Hilton Domestic Operating Co., Inc. | 4.88 | 01/15/30 | 65,000 | 58,424 | |||||||||
| Hilton Domestic Operating Co., Inc.(1) | 5.38 | 05/01/25 | 35,000 | 34,562 | |||||||||
| Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp. | 4.88 | 04/01/27 | 70,000 | 66,666 | |||||||||
| Las Vegas Sands Corp. | 2.90 | 06/25/25 | 30,000 | 27,188 | |||||||||
| Las Vegas Sands Corp. | 3.20 | 08/08/24 | 150,000 | 142,892 | |||||||||
| Las Vegas Sands Corp. | 3.50 | 08/18/26 | 75,000 | 65,567 | |||||||||
| Las Vegas Sands Corp. | 3.90 | 08/08/29 | 50,000 | 40,463 | |||||||||
| Marriott Ownership Resorts, Inc.(1) | 6.13 | 09/15/25 | 20,000 | 19,799 | |||||||||
| Travel + Leisure Co.(1) | 4.50 | 12/01/29 | 55,000 | 44,961 | |||||||||
| Travel + Leisure Co. | 6.00 | 04/01/27 | 20,000 | 18,700 | |||||||||
| Travel + Leisure Co. | 6.60 | 10/01/25 | 50,000 | 48,939 | |||||||||
| Travel + Leisure Co.(1) | 6.63 | 07/31/26 | 55,000 | 53,658 | |||||||||
| Wyndham Hotels & Resorts, Inc.(1) | 4.38 | 08/15/28 | 30,000 | 26,461 | |||||||||
| 898,386 | |||||||||||||
| MACHINERY-CONSTRUCTION & MINING – 0.2% | |||||||||||||
| BWX Technologies, Inc.(1) | 4.13 | 06/30/28 | 45,000 | 39,441 | |||||||||
| Weir Group PLC(1) | 2.20 | 05/13/26 | 55,000 | 47,100 | |||||||||
| 86,541 | |||||||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| MACHINERY-DIVERSIFIED – 0.2% | |||||||||||||
| GrafTech Finance, Inc.(1) | 4.63 | 12/15/28 | $ | 30,000 | $ | 24,355 | |||||||
| Mueller Water Products, Inc.(1) | 4.00 | 06/15/29 | 30,000 | 26,057 | |||||||||
| Stevens Holding Co., Inc.(1) | 6.13 | 10/01/26 | 30,000 | 30,076 | |||||||||
| 80,488 | |||||||||||||
| MEDIA – 8.0% | |||||||||||||
| AMC Networks, Inc. | 4.25 | 02/15/29 | 95,000 | 73,582 | |||||||||
| AMC Networks, Inc. | 4.75 | 08/01/25 | 65,000 | 59,561 | |||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 4.25 | 02/01/31 | 115,000 | 91,040 | |||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 4.25 | 01/15/34 | 75,000 | 55,243 | |||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 4.50 | 08/15/30 | 105,000 | 85,394 | |||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp. | 4.50 | 05/01/32 | 110,000 | 87,088 | |||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 4.50 | 06/01/33 | 140,000 | 106,434 | |||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 4.75 | 03/01/30 | 160,000 | 134,746 | |||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 4.75 | 02/01/32 | 45,000 | 36,109 | |||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 5.00 | 02/01/28 | 95,000 | 86,140 | |||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 5.13 | 05/01/27 | 125,000 | 116,023 | |||||||||
| CCO Holdings LLC/CCO Holdings Capital Corp.(1) | 5.38 | 06/01/29 | 55,000 | 49,225 | |||||||||
| CSC Holdings LLC(1) | 3.38 | 02/15/31 | 90,000 | 65,429 | |||||||||
| CSC Holdings LLC(1) | 4.13 | 12/01/30 | 70,000 | 55,243 | |||||||||
| CSC Holdings LLC(1) | 4.50 | 11/15/31 | 95,000 | 74,116 | |||||||||
| CSC Holdings LLC(1) | 5.38 | 02/01/28 | 55,000 | 50,820 | |||||||||
| CSC Holdings LLC(1) | 5.50 | 04/15/27 | 150,000 | 140,984 | |||||||||
| CSC Holdings LLC(1) | 6.50 | 02/01/29 | 115,000 | 108,573 | |||||||||
| DIRECTV Financing LLC/DIRECTV Financing Co.-Obligor, Inc.(1) | 5.88 | 08/15/27 | 300,000 | 270,736 | |||||||||
| LCPR Senior Secured Financing DAC(1) | 5.13 | 07/15/29 | 45,000 | 38,022 | |||||||||
| LCPR Senior Secured Financing DAC(1) | 6.75 | 10/15/27 | 115,000 | 107,378 | |||||||||
| News Corp.(1) | 3.88 | 05/15/29 | 100,000 | 86,214 | |||||||||
| News Corp.(1) | 5.13 | 02/15/32 | 25,000 | 22,353 | |||||||||
| Paramount Global | 6.25 | 02/28/57 | 50,000 | 42,013 | |||||||||
| Paramount Global | 6.38 | 03/30/62 | 75,000 | 63,577 | |||||||||
| Scripps Escrow II, Inc.(1) | 3.88 | 01/15/29 | 30,000 | 24,820 | |||||||||
| Sinclair Television Group, Inc.(1) | 4.13 | 12/01/30 | 45,000 | 34,764 | |||||||||
| Sirius XM Radio, Inc.(1) | 3.13 | 09/01/26 | 55,000 | 49,266 | |||||||||
| Sirius XM Radio, Inc.(1) | 3.88 | 09/01/31 | 125,000 | 100,241 | |||||||||
| Sirius XM Radio, Inc.(1) | 4.00 | 07/15/28 | 205,000 | 176,564 | |||||||||
| Sirius XM Radio, Inc.(1) | 4.13 | 07/01/30 | 75,000 | 61,509 | |||||||||
| Sirius XM Radio, Inc.(1) | 5.00 | 08/01/27 | 115,000 | 106,031 | |||||||||
| Sirius XM Radio, Inc.(1) | 5.50 | 07/01/29 | 80,000 | 73,902 | |||||||||
| TEGNA, Inc. | 4.63 | 03/15/28 | 85,000 | 81,049 | |||||||||
| TEGNA, Inc.(1) | 4.75 | 03/15/26 | 40,000 | 38,927 | |||||||||
| TEGNA, Inc. | 5.00 | 09/15/29 | 75,000 | 71,210 | |||||||||
| UPC Broadband FinCo. BV(1) | 4.88 | 07/15/31 | 85,000 | 71,588 | |||||||||
| Videotron Ltd.(1) | 3.63 | 06/15/29 | 20,000 | 16,871 | |||||||||
| Videotron Ltd.(1) | 5.13 | 04/15/27 | 85,000 | 80,420 | |||||||||
| Virgin Media Secured Finance PLC(1) | 4.50 | 08/15/30 | 55,000 | 45,580 | |||||||||
| Virgin Media Secured Finance PLC(1) | 5.50 | 05/15/29 | 75,000 | 68,296 | |||||||||
| VZ Secured Financing BV(1) | 5.00 | 01/15/32 | 105,000 | 83,863 | |||||||||
| Ziggo BV(1) | 4.88 | 01/15/30 | 100,000 | 84,188 | |||||||||
| 3,375,132 | |||||||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| METAL FABRICATE/HARDWARE – 0.1% | |||||||||||||
| Advanced Drainage Systems, Inc.(1) | 6.38 | 06/15/30 | $ | 50,000 | $ | 48,392 | |||||||
| MINING – 1.5% | |||||||||||||
| Arconic Corp.(1) | 6.00 | 05/15/25 | 45,000 | 44,671 | |||||||||
| Arconic Corp.(1) | 6.13 | 02/15/28 | 60,000 | 56,357 | |||||||||
| FMG Resources August 2006 Pty Ltd.(1) | 4.38 | 04/01/31 | 110,000 | 87,638 | |||||||||
| FMG Resources August 2006 Pty Ltd.(1) | 4.50 | 09/15/27 | 40,000 | 35,894 | |||||||||
| FMG Resources August 2006 Pty Ltd.(1) | 5.13 | 05/15/24 | 55,000 | 53,765 | |||||||||
| FMG Resources August 2006 Pty Ltd.(1) | 5.88 | 04/15/30 | 50,000 | 44,975 | |||||||||
| FMG Resources August 2006 Pty Ltd.(1) | 6.13 | 04/15/32 | 55,000 | 48,366 | |||||||||
| Kaiser Aluminum Corp.(1) | 4.50 | 06/01/31 | 90,000 | 70,739 | |||||||||
| Novelis Corp.(1) | 3.25 | 11/15/26 | 70,000 | 61,446 | |||||||||
| Novelis Corp.(1) | 3.88 | 08/15/31 | 45,000 | 34,972 | |||||||||
| Novelis Corp.(1) | 4.75 | 01/30/30 | 125,000 | 106,432 | |||||||||
| 645,255 | |||||||||||||
| MISCELLANEOUS MANUFACTURER – 0.4% | |||||||||||||
| Amsted Industries, Inc.(1) | 5.63 | 07/01/27 | 45,000 | 41,687 | |||||||||
| Hillenbrand, Inc. | 3.75 | 03/01/31 | 20,000 | 16,028 | |||||||||
| Hillenbrand, Inc. | 5.00 | 09/15/26 | 25,000 | 23,647 | |||||||||
| Hillenbrand, Inc. | 5.75 | 06/15/25 | 50,000 | 49,689 | |||||||||
| Trinity Industries, Inc. | 4.55 | 10/01/24 | 25,000 | 23,739 | |||||||||
| 154,790 | |||||||||||||
| OFFICE FURNISHINGS – 0.1% | |||||||||||||
| Steelcase, Inc. | 5.13 | 01/18/29 | 30,000 | 26,302 | |||||||||
| OFFICE/BUSINESS EQUIPMENT – 0.4% | |||||||||||||
| Xerox Corp. | 3.80 | 05/15/24 | 25,000 | 23,857 | |||||||||
| Xerox Corp. | 4.80 | 03/01/35 | 40,000 | 24,771 | |||||||||
| Xerox Holdings Corp.(1) | 5.00 | 08/15/25 | 80,000 | 72,413 | |||||||||
| Xerox Holdings Corp.(1) | 5.50 | 08/15/28 | 45,000 | 35,682 | |||||||||
| 156,723 | |||||||||||||
| OIL & GAS – 7.5% | |||||||||||||
| Antero Resources Corp.(1) | 5.38 | 03/01/30 | 70,000 | 64,870 | |||||||||
| Antero Resources Corp.(1) | 7.63 | 02/01/29 | 24,000 | 24,515 | |||||||||
| Apache Corp. | 4.25 | 01/15/30 | 80,000 | 71,353 | |||||||||
| Apache Corp. | 4.75 | 04/15/43 | 30,000 | 22,538 | |||||||||
| Apache Corp. | 5.10 | 09/01/40 | 155,000 | 125,858 | |||||||||
| Apache Corp. | 5.35 | 07/01/49 | 20,000 | 15,462 | |||||||||
| Chesapeake Energy Corp.(1) | 5.50 | 02/01/26 | 20,000 | 19,416 | |||||||||
| Chesapeake Energy Corp.(1) | 5.88 | 02/01/29 | 45,000 | 42,578 | |||||||||
| Chesapeake Energy Corp.(1) | 6.75 | 04/15/29 | 60,000 | 58,845 | |||||||||
| Chord Energy Corp.(1) | 6.38 | 06/01/26 | 25,000 | 24,459 | |||||||||
| Civitas Resources, Inc.(1) | 5.00 | 10/15/26 | 30,000 | 27,662 | |||||||||
| CNX Resources Corp.(1) | 6.00 | 01/15/29 | 20,000 | 18,697 | |||||||||
| CNX Resources Corp.(1) | 7.25 | 03/14/27 | 24,000 | 23,856 | |||||||||
| CNX Resources Corp.(1) | 7.38 | 01/15/31 | 55,000 | 54,661 | |||||||||
| CrownRock LP/CrownRock Finance, Inc.(1) | 5.63 | 10/15/25 | 200,000 | 193,677 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| OIL & GAS – 7.5% (Continued) | |||||||||||||
| Endeavor Energy Resources LP/EER Finance, Inc.(1) | 5.75 | 01/30/28 | $ | 75,000 | $ | 73,030 | |||||||
| Harbour Energy PLC(1) | 5.50 | 10/15/26 | 80,000 | 72,206 | |||||||||
| Hilcorp Energy I LP/Hilcorp Finance Co.(1) | 5.75 | 02/01/29 | 25,000 | 22,932 | |||||||||
| Hilcorp Energy I LP/Hilcorp Finance Co.(1) | 6.00 | 04/15/30 | 30,000 | 27,205 | |||||||||
| Hilcorp Energy I LP/Hilcorp Finance Co.(1) | 6.00 | 02/01/31 | 45,000 | 41,003 | |||||||||
| Hilcorp Energy I LP/Hilcorp Finance Co.(1) | 6.25 | 11/01/28 | 55,000 | 51,855 | |||||||||
| Hilcorp Energy I LP/Hilcorp Finance Co.(1) | 6.25 | 04/15/32 | 40,000 | 36,740 | |||||||||
| Matador Resources Co. | 5.88 | 09/15/26 | 60,000 | 59,100 | |||||||||
| Murphy Oil Corp. | 5.75 | 08/15/25 | 21,000 | 20,729 | |||||||||
| Murphy Oil Corp. | 5.88 | 12/01/27 | 40,000 | 38,897 | |||||||||
| Murphy Oil Corp. | 6.13 | 12/01/42 | 45,000 | 35,554 | |||||||||
| Murphy Oil Corp. | 6.38 | 07/15/28 | 70,000 | 68,584 | |||||||||
| Neptune Energy Bondco PLC(1) | 6.63 | 05/15/25 | 60,000 | 58,404 | |||||||||
| Occidental Petroleum Corp. | 2.90 | 08/15/24 | 45,000 | 43,399 | |||||||||
| Occidental Petroleum Corp. | 3.50 | 08/15/29 | 30,000 | 27,269 | |||||||||
| Occidental Petroleum Corp. | 5.55 | 03/15/26 | 50,000 | 50,821 | |||||||||
| Occidental Petroleum Corp. | 5.88 | 09/01/25 | 55,000 | 55,480 | |||||||||
| Occidental Petroleum Corp. | 6.13 | 01/01/31 | 45,000 | 45,174 | |||||||||
| Occidental Petroleum Corp. | 6.20 | 03/15/40 | 50,000 | 48,214 | |||||||||
| Occidental Petroleum Corp. | 6.38 | 09/01/28 | 30,000 | 30,519 | |||||||||
| Occidental Petroleum Corp. | 6.45 | 09/15/36 | 100,000 | 99,359 | |||||||||
| Occidental Petroleum Corp. | 6.60 | 03/15/46 | 125,000 | 123,312 | |||||||||
| Occidental Petroleum Corp. | 6.63 | 09/01/30 | 55,000 | 57,303 | |||||||||
| Occidental Petroleum Corp. | 8.50 | 07/15/27 | 80,000 | 87,102 | |||||||||
| Occidental Petroleum Corp. | 8.88 | 07/15/30 | 155,000 | 176,120 | |||||||||
| Parkland Corp.(1) | 4.50 | 10/01/29 | 70,000 | 59,084 | |||||||||
| Parkland Corp.(1) | 4.63 | 05/01/30 | 45,000 | 37,544 | |||||||||
| Parkland Corp.(1) | 5.88 | 07/15/27 | 20,000 | 18,818 | |||||||||
| Patterson-UTI Energy, Inc. | 3.95 | 02/01/28 | 45,000 | 39,771 | |||||||||
| Patterson-UTI Energy, Inc. | 5.15 | 11/15/29 | 20,000 | 17,679 | |||||||||
| PBF Holding Co. LLC/PBF Finance Corp. | 6.00 | 02/15/28 | 60,000 | 54,633 | |||||||||
| PBF Holding Co. LLC/PBF Finance Corp. | 7.25 | 06/15/25 | 50,000 | 49,591 | |||||||||
| PDC Energy, Inc. | 5.75 | 05/15/26 | 50,000 | 47,996 | |||||||||
| Petrofac Ltd.(1) | 9.75 | 11/15/26 | 75,000 | 55,769 | |||||||||
| Range Resources Corp.(1) | 4.75 | 02/15/30 | 50,000 | 44,273 | |||||||||
| Range Resources Corp. | 4.88 | 05/15/25 | 50,000 | 48,341 | |||||||||
| Southwestern Energy Co. | 4.75 | 02/01/32 | 55,000 | 47,557 | |||||||||
| Southwestern Energy Co. | 5.38 | 02/01/29 | 50,000 | 46,701 | |||||||||
| Southwestern Energy Co. | 5.38 | 03/15/30 | 80,000 | 74,108 | |||||||||
| Southwestern Energy Co. | 5.70 | 01/23/25 | 160,000 | 157,413 | |||||||||
| Sunoco LP/Sunoco Finance Corp. | 4.50 | 05/15/29 | 55,000 | 47,373 | |||||||||
| Sunoco LP/Sunoco Finance Corp. | 4.50 | 04/30/30 | 85,000 | 72,501 | |||||||||
| Sunoco LP/Sunoco Finance Corp. | 6.00 | 04/15/27 | 30,000 | 29,460 | |||||||||
| 3,187,370 | |||||||||||||
| PACKAGING & CONTAINERS – 2.5% | |||||||||||||
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(1) | 3.25 | 09/01/28 | 50,000 | 41,125 | |||||||||
| Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC(1) | 6.00 | 06/15/27 | 50,000 | 48,055 | |||||||||
| Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1) | 4.13 | 08/15/26 | 90,000 | 77,585 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| PACKAGING & CONTAINERS – 2.5% (Continued) | |||||||||||||
| Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1) | 5.25 | 04/30/25 | $ | 40,000 | $ | 37,809 | |||||||
| Ball Corp. | 2.88 | 08/15/30 | 105,000 | 81,721 | |||||||||
| Ball Corp. | 3.13 | 09/15/31 | 55,000 | 42,260 | |||||||||
| Ball Corp. | 4.00 | 11/15/23 | 80,000 | 78,435 | |||||||||
| Ball Corp. | 4.88 | 03/15/26 | 45,000 | 43,298 | |||||||||
| Ball Corp. | 5.25 | 07/01/25 | 55,000 | 54,409 | |||||||||
| Berry Global, Inc.(1) | 5.63 | 07/15/27 | 55,000 | 52,242 | |||||||||
| Cascades, Inc./Cascades USA, Inc.(1) | 5.38 | 01/15/28 | 30,000 | 25,704 | |||||||||
| Crown Americas LLC(1) | 5.25 | 04/01/30 | 30,000 | 27,489 | |||||||||
| Crown Americas LLC/Crown Americas Capital Corp. V | 4.25 | 09/30/26 | 50,000 | 46,267 | |||||||||
| Crown Americas LLC/Crown Americas Capital Corp. VI | 4.75 | 02/01/26 | 65,000 | 62,316 | |||||||||
| Graphic Packaging International LLC(1) | 3.50 | 03/15/28 | 50,000 | 43,305 | |||||||||
| Graphic Packaging International LLC(1) | 3.75 | 02/01/30 | 50,000 | 43,056 | |||||||||
| OI European Group BV(1) | 4.75 | 02/15/30 | 25,000 | 21,034 | |||||||||
| Sealed Air Corp.(1) | 4.00 | 12/01/27 | 50,000 | 44,618 | |||||||||
| Sealed Air Corp.(1) | 5.00 | 04/15/29 | 45,000 | 41,111 | |||||||||
| Sealed Air Corp.(1) | 5.13 | 12/01/24 | 20,000 | 19,726 | |||||||||
| Sealed Air Corp.(1) | 5.50 | 09/15/25 | 30,000 | 29,439 | |||||||||
| Sealed Air Corp.(1) | 6.88 | 07/15/33 | 20,000 | 19,182 | |||||||||
| Silgan Holdings, Inc. | 4.13 | 02/01/28 | 45,000 | 41,292 | |||||||||
| TriMas Corp.(1) | 4.13 | 04/15/29 | 30,000 | 25,810 | |||||||||
| 1,047,288 | |||||||||||||
| PHARMACEUTICALS – 1.2% | |||||||||||||
| 180 Medical, Inc.(1) | 3.88 | 10/15/29 | 50,000 | 42,323 | |||||||||
| Elanco Animal Health, Inc. | 6.40 | 08/28/28 | 55,000 | 49,479 | |||||||||
| Horizon Therapeutics USA, Inc.(1) | 5.50 | 08/01/27 | 45,000 | 43,422 | |||||||||
| Jazz Securities DAC(1) | 4.38 | 01/15/29 | 95,000 | 84,552 | |||||||||
| Organon & Co./Organon Foreign Debt Co.-Issuer BV(1) | 4.13 | 04/30/28 | 135,000 | 119,169 | |||||||||
| Perrigo Finance Unlimited Co. | 4.38 | 03/15/26 | 115,000 | 108,031 | |||||||||
| Perrigo Finance Unlimited Co. | 4.40 | 06/15/30 | 55,000 | 46,088 | |||||||||
| PRA Health Sciences, Inc.(1) | 2.88 | 07/15/26 | 30,000 | 27,084 | |||||||||
| 520,148 | |||||||||||||
| PIPELINES – 8.3% | |||||||||||||
| Antero Midstream Partners LP/Antero Midstream Finance Corp.(1) | 5.38 | 06/15/29 | 55,000 | 50,290 | |||||||||
| Antero Midstream Partners LP/Antero Midstream Finance Corp.(1) | 5.75 | 03/01/27 | 45,000 | 42,955 | |||||||||
| Antero Midstream Partners LP/Antero Midstream Finance Corp.(1) | 5.75 | 01/15/28 | 30,000 | 28,331 | |||||||||
| Antero Midstream Partners LP/Antero Midstream Finance Corp.(1) | 7.88 | 05/15/26 | 35,000 | 35,745 | |||||||||
| Buckeye Partners LP | 3.95 | 12/01/26 | 75,000 | 65,986 | |||||||||
| Buckeye Partners LP(1) | 4.13 | 03/01/25 | 40,000 | 37,754 | |||||||||
| Buckeye Partners LP | 4.13 | 12/01/27 | 40,000 | 34,803 | |||||||||
| Buckeye Partners LP(1) | 4.50 | 03/01/28 | 30,000 | 26,069 | |||||||||
| Buckeye Partners LP | 5.85 | 11/15/43 | 45,000 | 33,829 | |||||||||
| Cheniere Energy Partners LP | 3.25 | 01/31/32 | 100,000 | 77,937 | |||||||||
| Cheniere Energy Partners LP | 4.00 | 03/01/31 | 95,000 | 80,216 | |||||||||
| Cheniere Energy Partners LP | 4.50 | 10/01/29 | 125,000 | 110,569 | |||||||||
| Cheniere Energy, Inc. | 4.63 | 10/15/28 | 130,000 | 120,192 | |||||||||
| CNX Midstream Partners LP(1) | 4.75 | 04/15/30 | 25,000 | 20,598 | |||||||||
| Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(1) | 5.63 | 05/01/27 | 125,000 | 117,870 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| PIPELINES – 8.3% (Continued) | |||||||||||||
| Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(1) | 6.00 | 02/01/29 | $ | 45,000 | $ | 42,183 | |||||||
| Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.(1) | 8.00 | 04/01/29 | 30,000 | 30,043 | |||||||||
| DT Midstream, Inc.(1) | 4.13 | 06/15/29 | 90,000 | 78,029 | |||||||||
| DT Midstream, Inc.(1) | 4.38 | 06/15/31 | 55,000 | 46,475 | |||||||||
| EnLink Midstream LLC | 5.38 | 06/01/29 | 45,000 | 41,611 | |||||||||
| EnLink Midstream LLC(1) | 5.63 | 01/15/28 | 40,000 | 38,396 | |||||||||
| EnLink Midstream LLC(1) | 6.50 | 09/01/30 | 50,000 | 49,187 | |||||||||
| EnLink Midstream Partners LP | 4.15 | 06/01/25 | 68,000 | 64,164 | |||||||||
| EnLink Midstream Partners LP | 5.05 | 04/01/45 | 30,000 | 21,825 | |||||||||
| EnLink Midstream Partners LP | 5.45 | 06/01/47 | 45,000 | 34,252 | |||||||||
| EnLink Midstream Partners LP | 5.60 | 04/01/44 | 25,000 | 19,523 | |||||||||
| EQM Midstream Partners LP(1) | 4.50 | 01/15/29 | 45,000 | 38,360 | |||||||||
| EQM Midstream Partners LP(1) | 4.75 | 01/15/31 | 155,000 | 129,905 | |||||||||
| EQM Midstream Partners LP | 5.50 | 07/15/28 | 55,000 | 49,251 | |||||||||
| EQM Midstream Partners LP(1) | 6.00 | 07/01/25 | 30,000 | 29,094 | |||||||||
| EQM Midstream Partners LP(1) | 6.50 | 07/01/27 | 55,000 | 53,759 | |||||||||
| EQM Midstream Partners LP | 6.50 | 07/15/48 | 30,000 | 23,144 | |||||||||
| EQM Midstream Partners LP(1) | 7.50 | 06/01/27 | 50,000 | 49,434 | |||||||||
| EQM Midstream Partners LP(1) | 7.50 | 06/01/30 | 25,000 | 24,346 | |||||||||
| Harvest Midstream I LP(1) | 7.50 | 09/01/28 | 45,000 | 43,255 | |||||||||
| Hess Midstream Operations LP(1) | 4.25 | 02/15/30 | 130,000 | 111,528 | |||||||||
| Hess Midstream Operations LP(1) | 5.50 | 10/15/30 | 20,000 | 18,071 | |||||||||
| Hess Midstream Operations LP(1) | 5.63 | 02/15/26 | 55,000 | 54,023 | |||||||||
| Holly Energy Partners LP/Holly Energy Finance Corp.(1) | 5.00 | 02/01/28 | 45,000 | 40,736 | |||||||||
| Kinetik Holdings LP(1) | 5.88 | 06/15/30 | 70,000 | 65,754 | |||||||||
| New Fortress Energy, Inc.(1) | 6.50 | 09/30/26 | 95,000 | 92,340 | |||||||||
| New Fortress Energy, Inc.(1) | 6.75 | 09/15/25 | 80,000 | 78,652 | |||||||||
| Northriver Midstream Finance LP(1) | 5.63 | 02/15/26 | 30,000 | 28,445 | |||||||||
| NuStar Logistics LP | 5.63 | 04/28/27 | 55,000 | 51,111 | |||||||||
| NuStar Logistics LP | 6.00 | 06/01/26 | 60,000 | 58,277 | |||||||||
| NuStar Logistics LP | 6.38 | 10/01/30 | 40,000 | 37,161 | |||||||||
| Rattler Midstream LP(1) | 5.63 | 07/15/25 | 30,000 | 30,844 | |||||||||
| Rockies Express Pipeline LLC(1) | 3.60 | 05/15/25 | 120,000 | 111,765 | |||||||||
| Rockies Express Pipeline LLC(1) | 4.95 | 07/15/29 | 30,000 | 26,361 | |||||||||
| Rockies Express Pipeline LLC(1) | 7.50 | 07/15/38 | 55,000 | 48,082 | |||||||||
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1) | 5.50 | 01/15/28 | 120,000 | 107,876 | |||||||||
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1) | 6.00 | 12/31/30 | 65,000 | 59,004 | |||||||||
| Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.(1) | 7.50 | 10/01/25 | 65,000 | 65,795 | |||||||||
| Venture Global Calcasieu Pass LLC(1) | 3.88 | 08/15/29 | 85,000 | 73,117 | |||||||||
| Venture Global Calcasieu Pass LLC(1) | 3.88 | 11/01/33 | 65,000 | 52,288 | |||||||||
| Venture Global Calcasieu Pass LLC(1) | 4.13 | 08/15/31 | 110,000 | 94,052 | |||||||||
| Western Midstream Operating LP | 3.35 | 02/01/25 | 130,000 | 123,846 | |||||||||
| Western Midstream Operating LP | 4.30 | 02/01/30 | 100,000 | 88,153 | |||||||||
| Western Midstream Operating LP | 4.65 | 07/01/26 | 55,000 | 52,191 | |||||||||
| Western Midstream Operating LP | 5.30 | 03/01/48 | 55,000 | 44,533 | |||||||||
| Western Midstream Operating LP | 5.45 | 04/01/44 | 60,000 | 48,836 | |||||||||
| Western Midstream Operating LP | 5.50 | 02/01/50 | 90,000 | 70,263 | |||||||||
| 3,522,484 | |||||||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| REAL ESTATE – 0.9% | |||||||||||||
| Cushman & Wakefield US Borrower LLC(1) | 6.75 | 05/15/28 | $ | 50,000 | $ | 47,663 | |||||||
| Greystar Real Estate Partners LLC(1) | 5.75 | 12/01/25 | 50,000 | 48,441 | |||||||||
| Howard Hughes Corp.(1) | 4.13 | 02/01/29 | 30,000 | 23,518 | |||||||||
| Howard Hughes Corp.(1) | 4.38 | 02/01/31 | 45,000 | 33,932 | |||||||||
| Howard Hughes Corp.(1) | 5.38 | 08/01/28 | 65,000 | 55,765 | |||||||||
| Kennedy-Wilson, Inc. | 4.75 | 03/01/29 | 55,000 | 44,751 | |||||||||
| Kennedy-Wilson, Inc. | 4.75 | 02/01/30 | 55,000 | 43,312 | |||||||||
| Kennedy-Wilson, Inc. | 5.00 | 03/01/31 | 30,000 | 23,536 | |||||||||
| Newmark Group, Inc. | 6.13 | 11/15/23 | 45,000 | 44,903 | |||||||||
| 365,821 | |||||||||||||
| REAL ESTATE INVESTMENT TRUST (REITS) – 3.7% | |||||||||||||
| Apollo Commercial Real Estate Finance, Inc.(1) | 4.63 | 06/15/29 | 30,000 | 23,673 | |||||||||
| Blackstone Mortgage Trust, Inc.(1) | 3.75 | 01/15/27 | 20,000 | 16,944 | |||||||||
| Brookfield Property REIT, Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL(1) | 4.50 | 04/01/27 | 100,000 | 85,292 | |||||||||
| CTR Partnership LP/CareTrust Capital Corp.(1) | 3.88 | 06/30/28 | 30,000 | 25,348 | |||||||||
| Global Net Lease, Inc./Global Net Lease Operating Partnership LP(1) | 3.75 | 12/15/27 | 40,000 | 32,354 | |||||||||
| HAT Holdings I LLC/HAT Holdings II LLC(1) | 3.38 | 06/15/26 | 115,000 | 93,755 | |||||||||
| HAT Holdings I LLC/HAT Holdings II LLC(1) | 6.00 | 04/15/25 | 20,000 | 19,094 | |||||||||
| Iron Mountain, Inc.(1) | 4.50 | 02/15/31 | 75,000 | 60,891 | |||||||||
| Iron Mountain, Inc.(1) | 4.88 | 09/15/27 | 45,000 | 41,727 | |||||||||
| Iron Mountain, Inc.(1) | 4.88 | 09/15/29 | 65,000 | 56,054 | |||||||||
| Iron Mountain, Inc.(1) | 5.25 | 03/15/28 | 55,000 | 50,734 | |||||||||
| Iron Mountain, Inc.(1) | 5.25 | 07/15/30 | 110,000 | 95,074 | |||||||||
| Iron Mountain, Inc.(1) | 5.63 | 07/15/32 | 165,000 | 141,845 | |||||||||
| iStar, Inc. | 4.75 | 10/01/24 | 55,000 | 54,441 | |||||||||
| iStar, Inc. | 5.50 | 02/15/26 | 55,000 | 54,917 | |||||||||
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(1) | 4.25 | 02/01/27 | 55,000 | 46,324 | |||||||||
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.(1) | 4.75 | 06/15/29 | 70,000 | 55,883 | |||||||||
| MPT Operating Partnership LP/MPT Finance Corp. | 3.50 | 03/15/31 | 90,000 | 62,066 | |||||||||
| MPT Operating Partnership LP/MPT Finance Corp. | 4.63 | 08/01/29 | 45,000 | 35,740 | |||||||||
| MPT Operating Partnership LP/MPT Finance Corp. | 5.00 | 10/15/27 | 175,000 | 150,109 | |||||||||
| MPT Operating Partnership LP/MPT Finance Corp. | 5.25 | 08/01/26 | 30,000 | 27,104 | |||||||||
| Necessity Retail REIT, Inc./American Finance Operating Partner LP(1) | 4.50 | 09/30/28 | 30,000 | 21,948 | |||||||||
| RLJ Lodging Trust LP(1) | 3.75 | 07/01/26 | 45,000 | 41,184 | |||||||||
| RLJ Lodging Trust LP(1) | 4.00 | 09/15/29 | 30,000 | 25,181 | |||||||||
| Service Properties Trust | 5.50 | 12/15/27 | 20,000 | 17,273 | |||||||||
| Service Properties Trust | 7.50 | 09/15/25 | 80,000 | 78,100 | |||||||||
| Starwood Property Trust, Inc.(1) | 3.75 | 12/31/24 | 55,000 | 51,489 | |||||||||
| Starwood Property Trust, Inc.(1) | 4.38 | 01/15/27 | 45,000 | 39,811 | |||||||||
| Starwood Property Trust, Inc. | 4.75 | 03/15/25 | 50,000 | 46,907 | |||||||||
| 1,551,262 | |||||||||||||
| RETAIL – 5.0% | |||||||||||||
| 1011778 BC ULC/New Red Finance, Inc.(1) | 3.50 | 02/15/29 | 50,000 | 42,003 | |||||||||
| 1011778 BC ULC/New Red Finance, Inc.(1) | 3.88 | 01/15/28 | 110,000 | 96,890 | |||||||||
| 1011778 BC ULC/New Red Finance, Inc.(1) | 5.75 | 04/15/25 | 30,000 | 29,928 | |||||||||
| Abercrombie & Fitch Management Co.(1) | 8.75 | 07/15/25 | 20,000 | 18,925 | |||||||||
| Academy Ltd.(1) | 6.00 | 11/15/27 | 20,000 | 18,802 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| RETAIL – 5.0% (Continued) | |||||||||||||
| Asbury Automotive Group, Inc. | 4.50 | 03/01/28 | $ | 20,000 | $ | 17,369 | |||||||
| Asbury Automotive Group, Inc.(1) | 4.63 | 11/15/29 | 65,000 | 53,622 | |||||||||
| Asbury Automotive Group, Inc. | 4.75 | 03/01/30 | 20,000 | 16,417 | |||||||||
| Asbury Automotive Group, Inc.(1) | 5.00 | 02/15/32 | 50,000 | 40,439 | |||||||||
| Bath & Body Works, Inc. | 5.25 | 02/01/28 | 55,000 | 48,726 | |||||||||
| Bath & Body Works, Inc.(1) | 6.63 | 10/01/30 | 55,000 | 49,340 | |||||||||
| Bath & Body Works, Inc. | 6.75 | 07/01/36 | 80,000 | 66,296 | |||||||||
| Bath & Body Works, Inc. | 6.88 | 11/01/35 | 55,000 | 46,313 | |||||||||
| Bath & Body Works, Inc. | 7.50 | 06/15/29 | 20,000 | 18,989 | |||||||||
| Bath & Body Works, Inc.(1) | 9.38 | 07/01/25 | 20,000 | 20,775 | |||||||||
| FirstCash, Inc.(1) | 4.63 | 09/01/28 | 45,000 | 38,794 | |||||||||
| FirstCash, Inc.(1) | 5.63 | 01/01/30 | 30,000 | 26,488 | |||||||||
| Foot Locker, Inc.(1) | 4.00 | 10/01/29 | 20,000 | 15,320 | |||||||||
| Gap, Inc.(1) | 3.63 | 10/01/29 | 130,000 | 91,467 | |||||||||
| Gap, Inc.(1) | 3.88 | 10/01/31 | 45,000 | 31,143 | |||||||||
| Group 1 Automotive, Inc.(1) | 4.00 | 08/15/28 | 45,000 | 37,069 | |||||||||
| KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC(1) | 4.75 | 06/01/27 | 55,000 | 52,635 | |||||||||
| Lithia Motors, Inc.(1) | 3.88 | 06/01/29 | 100,000 | 80,847 | |||||||||
| Lithia Motors, Inc.(1) | 4.63 | 12/15/27 | 25,000 | 22,283 | |||||||||
| Macy’s Retail Holdings LLC | 5.13 | 01/15/42 | 75,000 | 47,738 | |||||||||
| Macy’s Retail Holdings LLC(1) | 5.88 | 04/01/29 | 55,000 | 47,593 | |||||||||
| Macy’s Retail Holdings LLC(1) | 6.13 | 03/15/32 | 45,000 | 37,460 | |||||||||
| Murphy Oil USA, Inc.(1) | 3.75 | 02/15/31 | 20,000 | 16,694 | |||||||||
| Murphy Oil USA, Inc. | 4.75 | 09/15/29 | 65,000 | 58,606 | |||||||||
| Nordstrom, Inc. | 4.00 | 03/15/27 | 30,000 | 25,474 | |||||||||
| Nordstrom, Inc. | 4.38 | 04/01/30 | 45,000 | 34,609 | |||||||||
| Nordstrom, Inc. | 5.00 | 01/15/44 | 80,000 | 50,801 | |||||||||
| Nordstrom, Inc. | 6.95 | 03/15/28 | 20,000 | 18,601 | |||||||||
| Penske Automotive Group, Inc. | 3.50 | 09/01/25 | 40,000 | 37,238 | |||||||||
| Penske Automotive Group, Inc. | 3.75 | 06/15/29 | 30,000 | 24,675 | |||||||||
| QVC, Inc. | 4.38 | 09/01/28 | 50,000 | 36,345 | |||||||||
| QVC, Inc. | 4.45 | 02/15/25 | 90,000 | 78,854 | |||||||||
| QVC, Inc. | 4.75 | 02/15/27 | 50,000 | 39,735 | |||||||||
| QVC, Inc. | 5.45 | 08/15/34 | 25,000 | 15,788 | |||||||||
| Sally Holdings LLC/Sally Capital, Inc. | 5.63 | 12/01/25 | 50,000 | 47,248 | |||||||||
| Sonic Automotive, Inc.(1) | 4.63 | 11/15/29 | 30,000 | 23,575 | |||||||||
| Sonic Automotive, Inc.(1) | 4.88 | 11/15/31 | 70,000 | 52,950 | |||||||||
| Superior Plus LP/Superior General Partner, Inc.(1) | 4.50 | 03/15/29 | 100,000 | 85,008 | |||||||||
| Yum! Brands, Inc. | 3.63 | 03/15/31 | 55,000 | 44,250 | |||||||||
| Yum! Brands, Inc.(1) | 4.75 | 01/15/30 | 95,000 | 85,150 | |||||||||
| Yum! Brands, Inc. | 5.38 | 04/01/32 | 205,000 | 183,677 | |||||||||
| Yum! Brands, Inc. | 6.88 | 11/15/37 | 30,000 | 29,439 | |||||||||
| 2,102,388 | |||||||||||||
| SEMICONDUCTORS – 0.5% | |||||||||||||
| Amkor Technology, Inc.(1) | 6.63 | 09/15/27 | 35,000 | 34,603 | |||||||||
| Entegris Escrow Corp.(1) | 5.95 | 06/15/30 | 70,000 | 64,046 | |||||||||
| Entegris, Inc.(1) | 4.38 | 04/15/28 | 55,000 | 48,456 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| SEMICONDUCTORS – 0.5% (Continued) | |||||||||||||
| ON Semiconductor Corp.(1) | 3.88 | 09/01/28 | $ | 50,000 | $ | 44,178 | |||||||
| Synaptics, Inc.(1) | 4.00 | 06/15/29 | 30,000 | 24,823 | |||||||||
| 216,106 | |||||||||||||
| SOFTWARE – 1.6% | |||||||||||||
| Fair Isaac Corp.(1) | 4.00 | 06/15/28 | 75,000 | 68,061 | |||||||||
| MSCI, Inc.(1) | 3.25 | 08/15/33 | 65,000 | 50,397 | |||||||||
| MSCI, Inc.(1) | 3.63 | 09/01/30 | 75,000 | 62,801 | |||||||||
| MSCI, Inc.(1) | 3.88 | 02/15/31 | 115,000 | 97,109 | |||||||||
| MSCI, Inc.(1) | 4.00 | 11/15/29 | 65,000 | 56,550 | |||||||||
| Open Text Corp.(1) | 3.88 | 02/15/28 | 85,000 | 72,927 | |||||||||
| Open Text Corp.(1) | 3.88 | 12/01/29 | 45,000 | 35,766 | |||||||||
| Open Text Holdings, Inc.(1) | 4.13 | 02/15/30 | 55,000 | 43,923 | |||||||||
| Open Text Holdings, Inc.(1) | 4.13 | 12/01/31 | 45,000 | 33,974 | |||||||||
| PTC, Inc.(1) | 3.63 | 02/15/25 | 40,000 | 38,177 | |||||||||
| PTC, Inc.(1) | 4.00 | 02/15/28 | 40,000 | 36,289 | |||||||||
| ROBLOX Corp.(1) | 3.88 | 05/01/30 | 55,000 | 45,467 | |||||||||
| Twilio, Inc. | 3.63 | 03/15/29 | 35,000 | 28,955 | |||||||||
| Twilio, Inc. | 3.88 | 03/15/31 | 35,000 | 28,601 | |||||||||
| 698,997 | |||||||||||||
| TELECOMMUNICATIONS – 6.6% | |||||||||||||
| British Telecommunications PLC(1) | 4.25 | 11/23/81 | 45,000 | 37,695 | |||||||||
| British Telecommunications PLC(1) | 4.88 | 11/23/81 | 30,000 | 23,808 | |||||||||
| Ciena Corp.(1) | 4.00 | 01/31/30 | 30,000 | 25,398 | |||||||||
| Hughes Satellite Systems Corp. | 5.25 | 08/01/26 | 50,000 | 47,844 | |||||||||
| Level 3 Financing, Inc.(1) | 3.40 | 03/01/27 | 50,000 | 43,140 | |||||||||
| Level 3 Financing, Inc.(1) | 3.63 | 01/15/29 | 45,000 | 34,423 | |||||||||
| Level 3 Financing, Inc.(1) | 3.75 | 07/15/29 | 50,000 | 38,121 | |||||||||
| Level 3 Financing, Inc.(1) | 3.88 | 11/15/29 | 50,000 | 41,203 | |||||||||
| Level 3 Financing, Inc.(1) | 4.25 | 07/01/28 | 65,000 | 53,802 | |||||||||
| Level 3 Financing, Inc.(1) | 4.63 | 09/15/27 | 150,000 | 130,519 | |||||||||
| Lumen Technologies, Inc.(1) | 4.00 | 02/15/27 | 85,000 | 72,395 | |||||||||
| Lumen Technologies, Inc.(1) | 4.50 | 01/15/29 | 100,000 | 70,778 | |||||||||
| Lumen Technologies, Inc.(1) | 5.38 | 06/15/29 | 55,000 | 40,483 | |||||||||
| Lumen Technologies, Inc. | 5.63 | 04/01/25 | 110,000 | 106,845 | |||||||||
| Lumen Technologies, Inc. | 7.60 | 09/15/39 | 45,000 | 30,217 | |||||||||
| Millicom International Cellular SA(1) | 4.50 | 04/27/31 | 80,000 | 60,169 | |||||||||
| Millicom International Cellular SA(1) | 6.25 | 03/25/29 | 49,500 | 43,433 | |||||||||
| Nokia OYJ | 4.38 | 06/12/27 | 55,000 | 50,655 | |||||||||
| Nokia OYJ | 6.63 | 05/15/39 | 30,000 | 27,408 | |||||||||
| Sprint Capital Corp. | 6.88 | 11/15/28 | 200,000 | 206,698 | |||||||||
| Sprint Capital Corp. | 8.75 | 03/15/32 | 105,000 | 123,380 | |||||||||
| Sprint Corp. | 7.13 | 06/15/24 | 155,000 | 156,905 | |||||||||
| Sprint Corp. | 7.63 | 02/15/25 | 130,000 | 133,750 | |||||||||
| Sprint Corp. | 7.63 | 03/01/26 | 80,000 | 83,631 | |||||||||
| Sprint Corp. | 7.88 | 09/15/23 | 125,000 | 127,218 | |||||||||
| Switch Ltd.(1) | 3.75 | 09/15/28 | 55,000 | 55,685 | |||||||||
| Switch Ltd.(1) | 4.13 | 06/15/29 | 25,000 | 25,049 | |||||||||
| Telecom Italia Capital SA | 6.00 | 09/30/34 | 65,000 | 47,592 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| TELECOMMUNICATIONS – 6.6% (Continued) | |||||||||||||
| Telecom Italia Capital SA | 6.38 | 11/15/33 | $ | 75,000 | $ | 57,737 | |||||||
| Telecom Italia Capital SA | 7.20 | 07/18/36 | 80,000 | 62,499 | |||||||||
| Telecom Italia Capital SA | 7.72 | 06/04/38 | 70,000 | 55,820 | |||||||||
| Telecom Italia SpA/Milano(1) | 5.30 | 05/30/24 | 125,000 | 117,812 | |||||||||
| United States Cellular Corp. | 6.70 | 12/15/33 | 35,000 | 33,380 | |||||||||
| Viasat, Inc.(1) | 5.63 | 04/15/27 | 30,000 | 27,791 | |||||||||
| Viavi Solutions, Inc.(1) | 3.75 | 10/01/29 | 30,000 | 25,090 | |||||||||
| Vmed O2 UK Financing I PLC(1) | 4.25 | 01/31/31 | 65,000 | 51,810 | |||||||||
| Vmed O2 UK Financing I PLC(1) | 4.75 | 07/15/31 | 175,000 | 141,747 | |||||||||
| Vodafone Group PLC | 3.25 | 06/04/81 | 25,000 | 20,086 | |||||||||
| Vodafone Group PLC | 4.13 | 06/04/81 | 75,000 | 53,381 | |||||||||
| Vodafone Group PLC | 5.13 | 06/04/81 | 105,000 | 72,807 | |||||||||
| Vodafone Group PLC | 7.00 | 04/04/79 | 130,000 | 123,790 | |||||||||
| 2,781,994 | |||||||||||||
| TOYS/GAMES/HOBBIES – 0.5% | |||||||||||||
| Mattel, Inc.(1) | 3.38 | 04/01/26 | 120,000 | 109,747 | |||||||||
| Mattel, Inc.(1) | 3.75 | 04/01/29 | 75,000 | 64,915 | |||||||||
| Mattel, Inc.(1) | 5.88 | 12/15/27 | 50,000 | 48,635 | |||||||||
| 223,297 | |||||||||||||
| TRANSPORTATION – 0.2% | |||||||||||||
| Cargo Aircraft Management, Inc.(1) | 4.75 | 02/01/28 | 30,000 | 26,830 | |||||||||
| First Student Bidco, Inc./First Transit Parent, Inc.(1) | 4.00 | 07/31/29 | 55,000 | 44,825 | |||||||||
| 71,655 | |||||||||||||
| TRUCKING & LEASING – 0.4% | |||||||||||||
| AerCap Global Aviation Trust(1) | 6.50 | 06/15/45 | 45,000 | 41,127 | |||||||||
| Fortress Transportation & Infrastructure Investors LLC(1) | 5.50 | 05/01/28 | 75,000 | 62,907 | |||||||||
| Fortress Transportation & Infrastructure Investors LLC(1) | 6.50 | 10/01/25 | 50,000 | 48,094 | |||||||||
| Fortress Transportation & Infrastructure Investors LLC(1) | 9.75 | 08/01/27 | 25,000 | 25,495 | |||||||||
| 177,623 | |||||||||||||
| TOTAL CORPORATE BONDS (Cost - $43,476,312) | 41,579,579 | ||||||||||||
| SHORT-TERM INVESTMENTS – 1.1% | |||||||||||||
| TIME DEPOSITS – 1.1% | |||||||||||||
| Skandinaviska Enskilda Banken, Stockholm | 2.43 | 11/01/22 | 454,555 | 454,555 | |||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $454,555) | 454,555 | ||||||||||||
| TOTAL INVESTMENTS – 99.2% (Cost - $43,930,867) | $ | 42,034,134 | |||||||||||
| OTHER ASSETS LESS LIABILITIES – 0.8% | 347,196 | ||||||||||||
| NET ASSETS – 100.0% | $ | 42,381,330 | |||||||||||
| (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 October 31, 2022, amounts to $26,303,651 and represents 62.1% 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.
102
BONDBLOXX ETF TRUST
BondBloxx CCC Rated USD High Yield Corporate Bond ETF
Portfolio of Investments
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| CORPORATE BONDS – 97.5% | |||||||||||||
| ADVERTISING – 2.1% | |||||||||||||
| Clear Channel Outdoor Holdings, Inc.(1) | 7.50 | 06/01/29 | $ | 130,000 | $ | 102,505 | |||||||
| Clear Channel Outdoor Holdings, Inc.(1) | 7.75 | 04/15/28 | 60,000 | 49,092 | |||||||||
| CMG Media Corp.(1) | 8.88 | 12/15/27 | 105,000 | 89,269 | |||||||||
| 240,866 | |||||||||||||
| AEROSPACE/DEFENSE – 1.2% | |||||||||||||
| Spirit AeroSystems, Inc. | 4.60 | 06/15/28 | 85,000 | 61,035 | |||||||||
| Triumph Group, Inc. | 7.75 | 08/15/25 | 105,000 | 79,681 | |||||||||
| 140,716 | |||||||||||||
| AGRICULTURE – 0.5% | |||||||||||||
| Vector Group Ltd.(1) | 10.50 | 11/01/26 | 55,000 | 54,306 | |||||||||
| AIRLINES – 0.3% | |||||||||||||
| American Airlines Group, Inc.(1) | 3.75 | 03/01/25 | 35,000 | 30,841 | |||||||||
| AUTO MANUFACTURERS – 1.1% | |||||||||||||
| Aston Martin Capital Holdings Ltd.(1) | 10.50 | 11/30/25 | 125,000 | 120,140 | |||||||||
| AUTO PARTS & EQUIPMENT – 2.5% | |||||||||||||
| Clarios Global LP/Clarios US Finance Co.(1) | 8.50 | 05/15/27 | 150,000 | 147,254 | |||||||||
| Dealer Tire LLC/DT Issuer LLC(1) | 8.00 | 02/01/28 | 60,000 | 52,565 | |||||||||
| Dornoch Debt Merger Sub, Inc.(1) | 6.63 | 10/15/29 | 40,000 | 27,285 | |||||||||
| Real Hero Merger Sub 2, Inc.(1) | 6.25 | 02/01/29 | 40,000 | 28,773 | |||||||||
| Wheel Pros, Inc.(1) | 6.50 | 05/15/29 | 45,000 | 21,247 | |||||||||
| 277,124 | |||||||||||||
| BEVERAGES – 0.4% | |||||||||||||
| Triton Water Holdings, Inc.(1) | 6.25 | 04/01/29 | 65,000 | 49,385 | |||||||||
| BUILDING MATERIALS – 1.5% | |||||||||||||
| Cornerstone Building Brands, Inc.(1) | 6.13 | 01/15/29 | 40,000 | 25,058 | |||||||||
| CP Atlas Buyer, Inc.(1) | 7.00 | 12/01/28 | 45,000 | 32,466 | |||||||||
| New Enterprise Stone & Lime Co., Inc.(1) | 9.75 | 07/15/28 | 25,000 | 21,660 | |||||||||
| Oscar Acquisition Co LLC/Oscar Finance, Inc.(1) | 9.50 | 04/15/30 | 70,000 | 59,440 | |||||||||
| Victors Merger Corp.(1) | 6.38 | 05/15/29 | 70,000 | 36,087 | |||||||||
| 174,711 | |||||||||||||
| CHEMICALS – 2.9% | |||||||||||||
| ASP Unifrax Holdings, Inc.(1) | 7.50 | 09/30/29 | 60,000 | 40,291 | |||||||||
| Illuminate Buyer LLC/Illuminate Holdings IV, Inc.(1) | 9.00 | 07/01/28 | 50,000 | 42,299 | |||||||||
| Innophos Holdings, Inc.(1) | 9.38 | 02/15/28 | 30,000 | 28,606 | |||||||||
| Iris Holding, Inc.(1) | 10.00 | 12/15/28 | 30,000 | 25,650 | |||||||||
| LSF11 A5 Hold Co LLC(1) | 6.63 | 10/15/29 | 50,000 | 39,488 | |||||||||
| Rayonier AM Products, Inc.(1) | 5.50 | 06/01/24 | 30,000 | 29,550 | |||||||||
| SCIH Salt Holdings, Inc.(1) | 6.63 | 05/01/29 | 75,000 | 60,377 | |||||||||
| Vibrantz Technologies, Inc.(1) | 9.00 | 02/15/30 | 90,000 | 59,510 | |||||||||
| 325,771 | |||||||||||||
| COMMERCIAL SERVICES – 5.5% | |||||||||||||
| Allied Universal Holdco LLC/Allied Universal Finance Corp.(1) | 6.00 | 06/01/29 | 35,000 | 24,386 | |||||||||
| Allied Universal Holdco LLC/Allied Universal Finance Corp.(1) | 9.75 | 07/15/27 | 135,000 | 117,699 | |||||||||
The accompanying notes are an integral part of these financial statements.
103
BONDBLOXX ETF TRUST
BondBloxx CCC Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| COMMERCIAL SERVICES – 5.5% (Continued) | |||||||||||||
| Aptim Corp.(1) | 7.75 | 06/15/25 | $ | 70,000 | $ | 48,433 | |||||||
| APX Group, Inc.(1) | 5.75 | 07/15/29 | 50,000 | 39,509 | |||||||||
| Cimpress PLC(1) | 7.00 | 06/15/26 | 50,000 | 29,984 | |||||||||
| Garda World Security Corp.(1) | 6.00 | 06/01/29 | 50,000 | 39,041 | |||||||||
| Garda World Security Corp.(1) | 9.50 | 11/01/27 | 50,000 | 45,241 | |||||||||
| Metis Merger Sub LLC(1) | 6.50 | 05/15/29 | 80,000 | 64,393 | |||||||||
| PECF USS Intermediate Holding III Corp.(1) | 8.00 | 11/15/29 | 70,000 | 46,976 | |||||||||
| StoneMor, Inc.(1) | 8.50 | 05/15/29 | 45,000 | 38,195 | |||||||||
| Verscend Escrow Corp.(1) | 9.75 | 08/15/26 | 120,000 | 120,498 | |||||||||
| 614,355 | |||||||||||||
| COMPUTERS – 4.1% | |||||||||||||
| Ahead DB Holdings LLC(1) | 6.63 | 05/01/28 | 25,000 | 20,338 | |||||||||
| Condor Merger Sub, Inc.(1) | 7.38 | 02/15/30 | 180,000 | 149,171 | |||||||||
| Diebold Nixdorf, Inc.(1) | 9.38 | 07/15/25 | 80,000 | 59,677 | |||||||||
| Exela Intermediate LLC/Exela Finance, Inc.(1) | 11.50 | 07/15/26 | 120,000 | 33,000 | |||||||||
| Presidio Holdings, Inc.(1) | 8.25 | 02/01/28 | 45,000 | 40,113 | |||||||||
| Vericast Corp.(1) | 11.00 | 09/15/26 | 120,000 | 118,200 | |||||||||
| Virtusa Corp.(1) | 7.13 | 12/15/28 | 55,000 | 39,533 | |||||||||
| 460,032 | |||||||||||||
| DISTRIBUTION/WHOLESALE – 0.6% | |||||||||||||
| BCPE Empire Holdings, Inc.(1) | 7.63 | 05/01/27 | 70,000 | 64,107 | |||||||||
| DIVERSIFIED FINANCIAL SERVICES – 4.0% | |||||||||||||
| Advisor Group Holdings, Inc.(1) | 10.75 | 08/01/27 | 55,000 | 54,292 | |||||||||
| Aretec Escrow Issuer, Inc.(1) | 7.50 | 04/01/29 | 30,000 | 24,645 | |||||||||
| Armor Holdco, Inc.(1) | 8.50 | 11/15/29 | 30,000 | 22,412 | |||||||||
| Curo Group Holdings Corp.(1) | 7.50 | 08/01/28 | 110,000 | 65,168 | |||||||||
| Hightower Holding LLC(1) | 6.75 | 04/15/29 | 25,000 | 20,390 | |||||||||
| Home Point Capital, Inc.(1) | 5.00 | 02/01/26 | 72,000 | 42,654 | |||||||||
| LD Holdings Group LLC(1) | 6.13 | 04/01/28 | 55,000 | 30,931 | |||||||||
| LD Holdings Group LLC(1) | 6.50 | 11/01/25 | 65,000 | 44,289 | |||||||||
| NFP Corp.(1) | 6.88 | 08/15/28 | 170,000 | 144,860 | |||||||||
| 449,641 | |||||||||||||
| ELECTRIC – 0.4% | |||||||||||||
| Pike Corp.(1) | 5.50 | 09/01/28 | 50,000 | 42,813 | |||||||||
| ENGINEERING & CONSTRUCTION – 1.7% | |||||||||||||
| Artera Services LLC(1) | 9.03 | 12/04/25 | 105,000 | 87,985 | |||||||||
| Brand Industrial Services, Inc.(1) | 8.50 | 07/15/25 | 110,000 | 79,352 | |||||||||
| INNOVATE Corp.(1) | 8.50 | 02/01/26 | 25,000 | 18,750 | |||||||||
| 186,087 | |||||||||||||
| ENTERTAINMENT – 4.6% | |||||||||||||
| Allen Media LLC/Allen Media Co.-Issuer, Inc.(1) | 10.50 | 02/15/28 | 55,000 | 22,423 | |||||||||
| AMC Entertainment Holdings, Inc.(1) | 7.50 | 02/15/29 | 105,000 | 72,321 | |||||||||
| Caesars Entertainment, Inc.(1) | 4.63 | 10/15/29 | 105,000 | 84,208 | |||||||||
| Caesars Entertainment, Inc.(1) | 8.13 | 07/01/27 | 135,000 | 131,525 | |||||||||
| Mohegan Gaming & Entertainment(1) | 7.88 | 10/15/24 | 35,000 | 35,309 | |||||||||
The accompanying notes are an integral part of these financial statements.
104
BONDBLOXX ETF TRUST
BondBloxx CCC Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| ENTERTAINMENT – 4.6% (Continued) | |||||||||||||
| Mohegan Gaming & Entertainment(1) | 8.00 | 02/01/26 | $ | 120,000 | $ | 101,450 | |||||||
| Universal Entertainment Corp.(1) | 8.50 | 12/11/24 | 80,000 | 73,150 | |||||||||
| 520,386 | |||||||||||||
| ENVIRONMENTAL CONTROL – 1.0% | |||||||||||||
| Madison IAQ LLC(1) | 5.88 | 06/30/29 | 110,000 | 75,654 | |||||||||
| Waste Pro USA, Inc.(1) | 5.50 | 02/15/26 | 35,000 | 32,436 | |||||||||
| 108,090 | |||||||||||||
| FOOD – 2.7% | |||||||||||||
| B&G Foods, Inc. | 5.25 | 04/01/25 | 120,000 | 109,357 | |||||||||
| B&G Foods, Inc. | 5.25 | 09/15/27 | 35,000 | 29,411 | |||||||||
| Chobani LLC/Chobani Finance Corp., Inc.(1) | 7.50 | 04/15/25 | 35,000 | 33,116 | |||||||||
| H-Food Holdings LLC/Hearthside Finance Co., Inc.(1) | 8.50 | 06/01/26 | 60,000 | 35,077 | |||||||||
| Sigma Holdco BV(1) | 7.88 | 05/15/26 | 70,000 | 42,985 | |||||||||
| TreeHouse Foods, Inc. | 4.00 | 09/01/28 | 60,000 | 50,702 | |||||||||
| 300,648 | |||||||||||||
| FOOD SERVICE – 0.2% | |||||||||||||
| TKC Holdings, Inc.(1) | 10.50 | 05/15/29 | 40,000 | 28,497 | |||||||||
| HEALTHCARE-SERVICES – 5.2% | |||||||||||||
| AHP Health Partners, Inc.(1) | 5.75 | 07/15/29 | 20,000 | 15,352 | |||||||||
| Air Methods Corp.(1) | 8.00 | 05/15/25 | 55,000 | 28,742 | |||||||||
| Cano Health LLC(1) | 6.25 | 10/01/28 | 45,000 | 36,206 | |||||||||
| CHS/Community Health Systems, Inc.(1) | 6.13 | 04/01/30 | 105,000 | 43,309 | |||||||||
| CHS/Community Health Systems, Inc.(1) | 6.88 | 04/01/28 | 50,000 | 19,154 | |||||||||
| CHS/Community Health Systems, Inc.(1) | 6.88 | 04/15/29 | �� | 190,000 | 76,919 | ||||||||
| Hadrian Merger Sub, Inc.(1) | 8.50 | 05/01/26 | 30,000 | 27,388 | |||||||||
| LifePoint Health, Inc.(1) | 5.38 | 01/15/29 | 55,000 | 35,217 | |||||||||
| Radiology Partners, Inc.(1) | 9.25 | 02/01/28 | 85,000 | 45,173 | |||||||||
| RegionalCare Hospital Partners Holdings, Inc./LifePoint Health, Inc.(1) | 9.75 | 12/01/26 | 120,000 | 95,924 | |||||||||
| Surgery Center Holdings, Inc.(1) | 10.00 | 04/15/27 | 90,000 | 87,477 | |||||||||
| Team Health Holdings, Inc.(1) | 6.38 | 02/01/25 | 80,000 | 60,575 | |||||||||
| US Renal Care, Inc.(1) | 10.63 | 07/15/27 | 40,000 | 16,180 | |||||||||
| 587,616 | |||||||||||||
| HOUSEHOLD PRODUCTS/WARES – 0.3% | |||||||||||||
| Kronos Acquisition Holdings, Inc./KIK Custom Products, Inc.(1) | 7.00 | 12/31/27 | 35,000 | 29,452 | |||||||||
| HOUSEWARES – 0.4% | |||||||||||||
| SWF Escrow Issuer Corp.(1) | 6.50 | 10/01/29 | 80,000 | 46,193 | |||||||||
| INSURANCE – 7.1% | |||||||||||||
| Acrisure LLC/Acrisure Finance, Inc.(1) | 6.00 | 08/01/29 | 25,000 | 20,770 | |||||||||
| Acrisure LLC/Acrisure Finance, Inc.(1) | 7.00 | 11/15/25 | 60,000 | 56,528 | |||||||||
| Acrisure LLC/Acrisure Finance, Inc.(1) | 10.13 | 08/01/26 | 80,000 | 79,411 | |||||||||
| Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer(1) | 5.88 | 11/01/29 | 25,000 | 21,098 | |||||||||
| Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer(1) | 6.75 | 10/15/27 | 140,000 | 127,945 | |||||||||
| AssuredPartners, Inc.(1) | 5.63 | 01/15/29 | 40,000 | 32,959 | |||||||||
| AssuredPartners, Inc.(1) | 7.00 | 08/15/25 | 55,000 | 52,776 | |||||||||
| BroadStreet Partners, Inc.(1) | 5.88 | 04/15/29 | 80,000 | 64,397 | |||||||||
The accompanying notes are an integral part of these financial statements.
105
BONDBLOXX ETF TRUST
BondBloxx CCC Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| INSURANCE – 7.1% (Continued) | |||||||||||||
| GTCR AP Finance, Inc.(1) | 8.00 | 05/15/27 | $ | 60,000 | $ | 57,252 | |||||||
| HUB International Ltd.(1) | 5.63 | 12/01/29 | 55,000 | 47,231 | |||||||||
| HUB International Ltd.(1) | 7.00 | 05/01/26 | 165,000 | 163,242 | |||||||||
| USI, Inc./NY(1) | 6.88 | 05/01/25 | 75,000 | 72,906 | |||||||||
| 796,515 | |||||||||||||
| INTERNET – 1.7% | |||||||||||||
| Arches Buyer, Inc.(1) | 6.13 | 12/01/28 | 55,000 | 42,487 | |||||||||
| Endurance International Group Holdings, Inc.(1) | 6.00 | 02/15/29 | 85,000 | 56,946 | |||||||||
| Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.(1) | 6.00 | 02/15/28 | 40,000 | 31,441 | |||||||||
| Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc.(1) | 10.75 | 06/01/28 | 25,000 | 23,505 | |||||||||
| Photo Holdings Merger Sub, Inc.(1) | 8.50 | 10/01/26 | 50,000 | 33,022 | |||||||||
| 187,401 | |||||||||||||
| LEISURE TIME – 4.2% | |||||||||||||
| Constellation Merger Sub, Inc.(1) | 8.50 | 09/15/25 | 55,000 | 48,749 | |||||||||
| Life Time, Inc.(1) | 8.00 | 04/15/26 | 60,000 | 52,404 | |||||||||
| MajorDrive Holdings IV LLC(1) | 6.38 | 06/01/29 | 40,000 | 28,248 | |||||||||
| NCL Corp. Ltd.(1) | 3.63 | 12/15/24 | 75,000 | 65,242 | |||||||||
| NCL Corp. Ltd.(1) | 5.88 | 03/15/26 | 125,000 | 102,604 | |||||||||
| NCL Corp. Ltd.(1) | 7.75 | 02/15/29 | 75,000 | 59,921 | |||||||||
| Viking Cruises Ltd.(1) | 5.88 | 09/15/27 | 85,000 | 67,375 | |||||||||
| Viking Cruises Ltd.(1) | 6.25 | 05/15/25 | 25,000 | 21,907 | |||||||||
| Viking Cruises Ltd.(1) | 7.00 | 02/15/29 | 40,000 | 31,793 | |||||||||
| 478,243 | |||||||||||||
| LODGING – 0.2% | |||||||||||||
| Full House Resorts, Inc.(1) | 8.25 | 02/15/28 | 25,000 | 21,787 | |||||||||
| MACHINERY-DIVERSIFIED – 1.9% | |||||||||||||
| Granite US Holdings Corp.(1) | 11.00 | 10/01/27 | 35,000 | 32,777 | |||||||||
| OT Merger Corp.(1) | 7.88 | 10/15/29 | 50,000 | 32,371 | |||||||||
| SPX FLOW, Inc.(1) | 8.75 | 04/01/30 | 60,000 | 48,837 | |||||||||
| Titan Acquisition Ltd./Titan Co.-Borrower LLC(1) | 7.75 | 04/15/26 | 70,000 | 57,390 | |||||||||
| TK Elevator Holdco GmbH(1) | 7.63 | 07/15/28 | 45,000 | 37,260 | |||||||||
| 208,635 | |||||||||||||
| MEDIA – 3.1% | |||||||||||||
| Audacy Capital Corp.(1) | 6.50 | 05/01/27 | 30,000 | 8,894 | |||||||||
| Audacy Capital Corp.(1) | 6.75 | 03/31/29 | 90,000 | 25,731 | |||||||||
| Cengage Learning, Inc.(1) | 9.50 | 06/15/24 | 70,000 | 66,347 | |||||||||
| Diamond Sports Group LLC/Diamond Sports Finance Co.(1) | 5.38 | 08/15/26 | 245,000 | 49,306 | |||||||||
| iHeartCommunications, Inc. | 8.38 | 05/01/27 | 130,000 | 117,002 | |||||||||
| McGraw-Hill Education, Inc.(1) | 8.00 | 08/01/29 | 45,000 | 38,415 | |||||||||
| Radiate Holdco LLC/Radiate Finance, Inc.(1) | 6.50 | 09/15/28 | 65,000 | 41,108 | |||||||||
| 346,803 | |||||||||||||
| METAL FABRICATE/HARDWARE – 0.3% | |||||||||||||
| Park-Ohio Industries, Inc. | 6.63 | 04/15/27 | 45,000 | 31,567 | |||||||||
| OIL & GAS – 4.7% | |||||||||||||
| Calumet Specialty Products Partners LP/Calumet Finance Corp.(1) | 8.13 | 01/15/27 | 50,000 | 47,396 | |||||||||
| Calumet Specialty Products Partners LP/Calumet Finance Corp.(1) | 11.00 | 04/15/25 | 40,000 | 41,628 | |||||||||
The accompanying notes are an integral part of these financial statements.
106
BONDBLOXX ETF TRUST
BondBloxx CCC Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| OIL & GAS – 4.7% (Continued) | |||||||||||||
| Ensign Drilling, Inc.(1) | 9.25 | 04/15/24 | $ | 35,000 | $ | 31,717 | |||||||
| Global Marine, Inc. | 7.00 | 06/01/28 | 25,000 | 16,125 | |||||||||
| Nabors Industries Ltd.(1) | 7.25 | 01/15/26 | 90,000 | 87,069 | |||||||||
| Nabors Industries, Inc. | 5.75 | 02/01/25 | 50,000 | 48,185 | |||||||||
| Transocean Guardian Ltd.(1) | 5.88 | 01/15/24 | 21,712 | 21,133 | |||||||||
| Transocean Pontus Ltd.(1) | 6.13 | 08/01/25 | 14,000 | 13,493 | |||||||||
| Transocean, Inc. | 6.80 | 03/15/38 | 50,000 | 30,490 | |||||||||
| Transocean, Inc.(1) | 7.50 | 01/15/26 | 30,000 | 25,416 | |||||||||
| Transocean, Inc.(1) | 8.00 | 02/01/27 | 85,000 | 69,055 | |||||||||
| Transocean, Inc.(1) | 11.50 | 01/30/27 | 50,000 | 50,302 | |||||||||
| W&T Offshore, Inc.(1) | 9.75 | 11/01/23 | 50,000 | 49,573 | |||||||||
| 531,582 | |||||||||||||
| PACKAGING & CONTAINERS – 5.7% | |||||||||||||
| Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1) | 5.25 | 08/15/27 | 50,000 | 35,225 | |||||||||
| Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.(1) | 5.25 | 08/15/27 | 135,000 | 95,106 | |||||||||
| Clydesdale Acquisition Holdings, Inc.(1) | 8.75 | 04/15/30 | 110,000 | 96,923 | |||||||||
| Graham Packaging Co., Inc.(1) | 7.13 | 08/15/28 | 55,000 | 45,158 | |||||||||
| LABL, Inc.(1) | 8.25 | 11/01/29 | 70,000 | 55,887 | |||||||||
| LABL, Inc.(1) | 10.50 | 07/15/27 | 40,000 | 36,095 | |||||||||
| Mauser Packaging Solutions Holding Co.(1) | 7.25 | 04/15/25 | 140,000 | 126,221 | |||||||||
| Pactiv LLC | 7.95 | 12/15/25 | 25,000 | 23,313 | |||||||||
| Trident TPI Holdings, Inc.(1) | 9.25 | 08/01/24 | 65,000 | 60,709 | |||||||||
| Trivium Packaging Finance BV(1) | 8.50 | 08/15/27 | 75,000 | 70,704 | |||||||||
| 645,341 | |||||||||||||
| PHARMACEUTICALS – 2.4% | |||||||||||||
| 1375209 BC Ltd.(1) | 9.00 | 01/30/28 | 40,000 | 38,900 | |||||||||
| Bausch Health Americas, Inc.(1) | 9.25 | 04/01/26 | 60,000 | 34,818 | |||||||||
| Bausch Health Cos, Inc.(1) | 5.25 | 01/30/30 | 60,000 | 23,393 | |||||||||
| Bausch Health Cos, Inc.(1) | 11.00 | 09/30/28 | 98,000 | 75,950 | |||||||||
| Bausch Health Cos, Inc.(1) | 14.00 | 10/15/30 | 17,000 | 9,818 | |||||||||
| Mallinckrodt International Finance SA/Mallinckrodt CB LLC(1) | 10.00 | 06/15/29 | 80,000 | 44,800 | |||||||||
| P&L Development LLC/PLD Finance Corp.(1) | 7.75 | 11/15/25 | 60,000 | 46,399 | |||||||||
| 274,078 | |||||||||||||
| PIPELINES – 1.1% | |||||||||||||
| NGL Energy Partners LP/NGL Energy Finance Corp. | 6.13 | 03/01/25 | 50,000 | 39,077 | |||||||||
| NGL Energy Partners LP/NGL Energy Finance Corp. | 7.50 | 11/01/23 | 50,000 | 48,824 | |||||||||
| Summit Midstream Holdings LLC/Summit Midstream Finance Corp. | 5.75 | 04/15/25 | 45,000 | 37,746 | |||||||||
| 125,647 | |||||||||||||
| REAL ESTATE – 0.5% | |||||||||||||
| WeWork Cos LLC/WW Co.-Obligor, Inc.(1) | 5.00 | 07/10/25 | 40,000 | 20,052 | |||||||||
| WeWork Cos, Inc.(1) | 7.88 | 05/01/25 | 75,000 | 41,062 | |||||||||
| 61,114 | |||||||||||||
| REAL ESTATE INVESTMENT TRUST (REITS) – 1.1% | |||||||||||||
| Uniti Group LP/Uniti Fiber Holdings, Inc./CSL Capital LLC(1) | 6.00 | 01/15/30 | 100,000 | 68,485 | |||||||||
| Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC(1) | 6.50 | 02/15/29 | 75,000 | 53,996 | |||||||||
| 122,481 | |||||||||||||
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 (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| RETAIL – 9.3% | |||||||||||||
| At Home Group, Inc.(1) | 7.13 | 07/15/29 | $ | 35,000 | $ | 19,827 | |||||||
| Carrols Restaurant Group, Inc.(1) | 5.88 | 07/01/29 | 25,000 | 17,600 | |||||||||
| Carvana Co.(1) | 5.50 | 04/15/27 | 95,000 | 45,402 | |||||||||
| Carvana Co.(1) | 5.63 | 10/01/25 | 30,000 | 19,698 | |||||||||
| Carvana Co.(1) | 5.88 | 10/01/28 | 115,000 | 52,919 | |||||||||
| Carvana Co.(1) | 10.25 | 05/01/30 | 140,000 | 84,257 | |||||||||
| Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc.(1) | 6.75 | 01/15/30 | 125,000 | 98,396 | |||||||||
| Foundation Building Materials, Inc.(1) | 6.00 | 03/01/29 | 25,000 | 17,308 | |||||||||
| GPS Hospitality Holding Co. LLC/GPS FinCo., Inc.(1) | 7.00 | 08/15/28 | 50,000 | 35,199 | |||||||||
| LBM Acquisition LLC(1) | 6.25 | 01/15/29 | 50,000 | 35,096 | |||||||||
| Michaels Cos, Inc.(1) | 7.88 | 05/01/29 | 135,000 | 75,624 | |||||||||
| NMG Holding Co., Inc./Neiman Marcus Group LLC(1) | 7.13 | 04/01/26 | 120,000 | 114,286 | |||||||||
| Park River Holdings, Inc.(1) | 5.63 | 02/01/29 | 35,000 | 22,276 | |||||||||
| Park River Holdings, Inc.(1) | 6.75 | 08/01/29 | 55,000 | 36,258 | |||||||||
| Party City Holdings, Inc.(1) | 8.75 | 02/15/26 | 75,000 | 47,607 | |||||||||
| PetSmart, Inc./PetSmart Finance Corp.(1) | 7.75 | 02/15/29 | 120,000 | 112,933 | |||||||||
| SRS Distribution, Inc.(1) | 6.00 | 12/01/29 | 130,000 | 106,302 | |||||||||
| Staples, Inc.(1) | 10.75 | 04/15/27 | 105,000 | 76,685 | |||||||||
| White Capital Buyer LLC(1) | 6.88 | 10/15/28 | 40,000 | 33,996 | |||||||||
| 1,051,669 | |||||||||||||
| SOFTWARE – 3.7% | |||||||||||||
| AthenaHealth Group, Inc.(1) | 6.50 | 02/15/30 | 235,000 | 183,716 | |||||||||
| Boxer Parent Co., Inc.(1) | 9.13 | 03/01/26 | 45,000 | 43,048 | |||||||||
| Clarivate Science Holdings Corp.(1) | 4.88 | 07/01/29 | 100,000 | 83,573 | |||||||||
| CWT Travel Group, Inc.(1) | 8.50 | 11/19/26 | 50,000 | 42,875 | |||||||||
| Rackspace Technology Global, Inc.(1) | 5.38 | 12/01/28 | 40,000 | 16,894 | |||||||||
| Rocket Software, Inc.(1) | 6.50 | 02/15/29 | 35,000 | 28,023 | |||||||||
| Skillz, Inc.(1) | 10.25 | 12/15/26 | 25,000 | 17,127 | |||||||||
| 415,256 | |||||||||||||
| TELECOMMUNICATIONS – 5.9% | |||||||||||||
| Altice France Holding SA(1) | 6.00 | 02/15/28 | 130,000 | 84,385 | |||||||||
| Altice France Holding SA(1) | 10.50 | 05/15/27 | 145,000 | 113,307 | |||||||||
| Avaya, Inc.(1) | 6.13 | 09/15/28 | 110,000 | 46,485 | |||||||||
| CommScope Technologies LLC(1) | 5.00 | 03/15/27 | 45,000 | 36,551 | |||||||||
| CommScope Technologies LLC(1) | 6.00 | 06/15/25 | 95,000 | 88,812 | |||||||||
| CommScope, Inc.(1) | 7.13 | 07/01/28 | 60,000 | 50,959 | |||||||||
| CommScope, Inc.(1) | 8.25 | 03/01/27 | 50,000 | 44,468 | |||||||||
| Embarq Corp. | 8.00 | 06/01/36 | 125,000 | 50,601 | |||||||||
| Intrado Corp.(1) | 8.50 | 10/15/25 | 80,000 | 70,117 | |||||||||
| Telesat Canada/Telesat LLC(1) | 6.50 | 10/15/27 | 85,000 | 29,762 | |||||||||
| Zayo Group Holdings, Inc.(1) | 6.13 | 03/01/28 | 75,000 | 50,025 | |||||||||
| 665,472 | |||||||||||||
| TEXTILES – 0.5% | |||||||||||||
| Eagle Intermediate Global Holding BV/Ruyi US Finance LLC(1) | 7.50 | 05/01/25 | 80,000 | 62,040 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| TRANSPORTATION – 0.9% | |||||||||||||
| Carriage Purchaser, Inc.(1) | 7.88 | 10/15/29 | $ | 50,000 | $ | 37,303 | |||||||
| Watco Cos LLC/Watco Finance Corp.(1) | 6.50 | 06/15/27 | 65,000 | 61,320 | |||||||||
| 98,623 | |||||||||||||
| TOTAL CORPORATE BONDS (Cost - $11,637,259) | 10,976,031 | ||||||||||||
| SHORT-TERM INVESTMENTS – 0.3% | |||||||||||||
| TIME DEPOSITS – 0.3% | |||||||||||||
| Citibank, New York | 2.43 | 11/01/22 | 30,441 | 30,441 | |||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $30,441) | 30,441 | ||||||||||||
| TOTAL INVESTMENTS – 97.8% (Cost - $11,667,700) | $ | 11,006,472 | |||||||||||
| OTHER ASSETS LESS LIABILITIES – 2.2% | 242,462 | ||||||||||||
| NET ASSETS – 100.0% | $ | 11,248,934 | |||||||||||
| (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 October 31, 2022, amounts to $10,202,915 and represents 90.7% 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.
109
BONDBLOXX ETF TRUST
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF
Portfolio of Investments
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| CORPORATE BONDS – 18.9% | |||||||||||||
| BANKS – 0.3% | |||||||||||||
| Banco Nacional de Comercio Exterior SNC/Cayman Islands | 4.38 | 10/14/25 | $ | 200,000 | $ | 190,323 | |||||||
| Banco Nacional de Panama | 2.50 | 08/11/30 | 425,000 | 308,232 | |||||||||
| 498,555 | |||||||||||||
| CHEMICALS – 0.5% | |||||||||||||
| CNAC HK Finbridge Co. Ltd. | 3.00 | 09/22/30 | 200,000 | 144,622 | |||||||||
| CNAC HK Finbridge Co. Ltd. | 3.38 | 06/19/24 | 275,000 | 262,188 | |||||||||
| CNAC HK Finbridge Co. Ltd. | 4.13 | 07/19/27 | 200,000 | 173,970 | |||||||||
| CNAC HK Finbridge Co. Ltd. | 5.13 | 03/14/28 | 300,000 | 265,584 | |||||||||
| 846,364 | |||||||||||||
| COMMERCIAL SERVICES – 0.2% | |||||||||||||
| DP World Crescent Ltd. | 3.88 | 07/18/29 | 400,000 | 356,544 | |||||||||
| DIVERSIFIED FINANCIAL SERVICES – 0.3% | |||||||||||||
| Power Sector Assets & Liabilities Management Corp. | 7.39 | 12/02/24 | 425,000 | 439,247 | |||||||||
| ELECTRIC – 2.0% | |||||||||||||
| Comision Federal de Electricidad | 4.69 | 05/15/29 | 200,000 | 169,442 | |||||||||
| Eskom Holdings SOC Ltd. | 6.35 | 08/10/28 | 450,000 | 404,789 | |||||||||
| Eskom Holdings SOC Ltd. | 6.75 | 08/06/23 | 450,000 | 441,000 | |||||||||
| Eskom Holdings SOC Ltd. | 7.13 | 02/11/25 | 550,000 | 514,741 | |||||||||
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | 4.13 | 05/15/27 | 275,000 | 252,828 | |||||||||
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | 5.45 | 05/21/28 | 200,000 | 189,607 | |||||||||
| SPIC MTN Co. Ltd. | 1.63 | 07/27/25 | 225,000 | 203,371 | |||||||||
| State Grid Overseas Investment 2013 Ltd. | 3.13 | 05/22/23 | 225,000 | 222,834 | |||||||||
| State Grid Overseas Investment 2014 Ltd. | 4.13 | 05/07/24 | 275,000 | 271,606 | |||||||||
| State Grid Overseas Investment BVI Ltd. | 1.63 | 08/05/30 | 225,000 | 175,941 | |||||||||
| State Grid Overseas Investment BVI Ltd. | 3.50 | 05/04/27 | 400,000 | 376,990 | |||||||||
| Three Gorges Finance I Cayman Islands Ltd. | 3.15 | 06/02/26 | 225,000 | 213,024 | |||||||||
| 3,436,173 | |||||||||||||
| INVESTMENT COMPANIES – 0.5% | |||||||||||||
| MDGH GMTN RSC Ltd. | 2.50 | 05/21/26 | 275,000 | 251,332 | |||||||||
| MDGH GMTN RSC Ltd. | 2.88 | 11/07/29 | 250,000 | 215,359 | |||||||||
| MDGH GMTN RSC Ltd. | 2.88 | 05/21/30 | 200,000 | 167,984 | |||||||||
| MDGH GMTN RSC Ltd. | 3.38 | 03/28/32 | 200,000 | 169,625 | |||||||||
| 804,300 | |||||||||||||
| MINING – 0.8% | |||||||||||||
| Corp. Nacional del Cobre de Chile | 3.00 | 09/30/29 | 325,000 | 270,668 | |||||||||
| Corp. Nacional del Cobre de Chile | 3.15 | 01/14/30 | 300,000 | 250,740 | |||||||||
| Corp. Nacional del Cobre de Chile | 3.63 | 08/01/27 | 400,000 | 365,138 | |||||||||
| Indonesia Asahan Aluminium Persero PT | 4.75 | 05/15/25 | 200,000 | 192,000 | |||||||||
| Indonesia Asahan Aluminium Persero PT | 5.45 | 05/15/30 | 200,000 | 175,964 | |||||||||
| 1,254,510 | |||||||||||||
| OIL & GAS – 7.0% | |||||||||||||
| CNOOC Curtis Funding No 1 Pty Ltd. | 4.50 | 10/03/23 | 250,000 | 248,414 | |||||||||
| KazMunayGas National Co. JSC | 4.75 | 04/19/27 | 575,000 | 500,986 | |||||||||
The accompanying notes are an integral part of these financial statements.
110
BONDBLOXX ETF TRUST
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF
Portfolio of Investments (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| OIL & GAS – 7.0% (Continued) | |||||||||||||
| KazMunayGas National Co. JSC | 5.38 | 04/24/30 | $ | 750,000 | $ | 616,631 | |||||||
| Oil & Gas Holding Co. BSCC | 7.50 | 10/25/27 | 475,000 | 462,066 | |||||||||
| Pertamina Persero PT | 1.40 | 02/09/26 | 200,000 | 173,000 | |||||||||
| Petroleos del Peru SA | 4.75 | 06/19/32 | 400,000 | 296,600 | |||||||||
| Petroleos Mexicanos | 4.50 | 01/23/26 | 175,000 | 155,225 | |||||||||
| Petroleos Mexicanos | 5.35 | 02/12/28 | 350,000 | 279,290 | |||||||||
| Petroleos Mexicanos | 5.95 | 01/28/31 | 625,000 | 450,625 | |||||||||
| Petroleos Mexicanos | 6.49 | 01/23/27 | 250,000 | 218,975 | |||||||||
| Petroleos Mexicanos | 6.50 | 03/13/27 | 700,000 | 611,800 | |||||||||
| Petroleos Mexicanos | 6.50 | 01/23/29 | 200,000 | 161,700 | |||||||||
| Petroleos Mexicanos | 6.70 | 02/16/32 | 1,175,000 | 887,202 | |||||||||
| Petroleos Mexicanos | 6.84 | 01/23/30 | 400,000 | 318,252 | |||||||||
| Petroleos Mexicanos | 6.88 | 08/04/26 | 450,000 | 415,865 | |||||||||
| Petroleos Mexicanos | 8.75 | 06/02/29 | 350,000 | 314,344 | |||||||||
| Petronas Capital Ltd. | 2.48 | 01/28/32 | 700,000 | 558,229 | |||||||||
| Petronas Capital Ltd. | 3.50 | 03/18/25 | 850,000 | 821,038 | |||||||||
| Petronas Capital Ltd. | 3.50 | 04/21/30 | 1,550,000 | 1,379,998 | |||||||||
| Qatar Energy | 1.38 | 09/12/26 | 400,000 | 351,998 | |||||||||
| Qatar Energy | 2.25 | 07/12/31 | 900,000 | 724,451 | |||||||||
| Sinopec Group Overseas Development 2013 Ltd. | 4.38 | 10/17/23 | 275,000 | 273,472 | |||||||||
| Sinopec Group Overseas Development 2014 Ltd. | 4.38 | 04/10/24 | 300,000 | 297,094 | |||||||||
| Sinopec Group Overseas Development 2015 Ltd. | 3.25 | 04/28/25 | 275,000 | 263,058 | |||||||||
| Sinopec Group Overseas Development 2017 Ltd. | 3.63 | 04/12/27 | 250,000 | 236,091 | |||||||||
| Sinopec Group Overseas Development 2018 Ltd. | 1.45 | 01/08/26 | 250,000 | 223,960 | |||||||||
| Sinopec Group Overseas Development 2018 Ltd. | 2.30 | 01/08/31 | 225,000 | 181,475 | |||||||||
| Sinopec Group Overseas Development 2018 Ltd. | 2.70 | 05/13/30 | 275,000 | 231,866 | |||||||||
| Sinopec Group Overseas Development 2018 Ltd. | 2.95 | 11/12/29 | 250,000 | 216,766 | |||||||||
| 11,870,471 | |||||||||||||
| PIPELINES – 0.8% | |||||||||||||
| Southern Gas Corridor CJSC | 6.88 | 03/24/26 | 1,350,000 | 1,329,615 | |||||||||
| SOVEREIGN – 6.4% | |||||||||||||
| CBB International Sukuk Co. 5 SPC | 5.62 | 02/12/24 | 475,000 | 474,925 | |||||||||
| CBB International Sukuk Co. 7 SPC | 6.88 | 10/05/25 | 475,000 | 488,167 | |||||||||
| CBB International Sukuk Programme Co. WLL | 3.88 | 05/18/29 | 475,000 | 409,398 | |||||||||
| CBB International Sukuk Programme Co. WLL | 3.95 | 09/16/27 | 475,000 | 438,791 | |||||||||
| CBB International Sukuk Programme Co. WLL | 4.50 | 03/30/27 | 475,000 | 449,585 | |||||||||
| CBB International Sukuk Programme Co. WLL | 6.25 | 11/14/24 | 675,000 | 679,431 | |||||||||
| KSA Sukuk Ltd. | 2.25 | 05/17/31 | 450,000 | 364,502 | |||||||||
| KSA Sukuk Ltd. | 2.97 | 10/29/29 | 575,000 | 503,410 | |||||||||
| KSA Sukuk Ltd. | 3.63 | 04/20/27 | 1,000,000 | 945,485 | |||||||||
| KSA Sukuk Ltd. | 4.30 | 01/19/29 | 450,000 | 431,476 | |||||||||
| KSA Sukuk Ltd. | 5.27 | 10/25/28 | 325,000 | 327,486 | |||||||||
| Malaysia Sovereign Sukuk Bhd | 3.04 | 04/22/25 | 550,000 | 528,628 | |||||||||
| Malaysia Sukuk Global Bhd | 3.18 | 04/27/26 | 550,000 | 526,215 | |||||||||
| Pakistan Global Sukuk Programme Co. Ltd. | 7.95 | 01/31/29 | 575,000 | 278,875 | |||||||||
| Perusahaan Penerbit SBSN Indonesia III | 1.50 | 06/09/26 | 250,000 | 220,313 | |||||||||
| Perusahaan Penerbit SBSN Indonesia III | 2.55 | 06/09/31 | 250,000 | 201,250 | |||||||||
| Perusahaan Penerbit SBSN Indonesia III | 2.80 | 06/23/30 | 200,000 | 167,834 | |||||||||
The accompanying notes are an integral part of these financial statements.
111
BONDBLOXX ETF TRUST
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF
Portfolio of Investments (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| SOVEREIGN – 6.4% (Continued) | |||||||||||||
| Perusahaan Penerbit SBSN Indonesia III | 4.15 | 03/29/27 | $ | 350,000 | $ | 333,168 | |||||||
| Perusahaan Penerbit SBSN Indonesia III | 4.33 | 05/28/25 | 350,000 | 343,839 | |||||||||
| Perusahaan Penerbit SBSN Indonesia III | 4.35 | 09/10/24 | 275,000 | 272,391 | |||||||||
| Perusahaan Penerbit SBSN Indonesia III | 4.40 | 06/06/27 | 325,000 | 310,960 | |||||||||
| Perusahaan Penerbit SBSN Indonesia III | 4.40 | 03/01/28 | 325,000 | 309,079 | |||||||||
| Perusahaan Penerbit SBSN Indonesia III | 4.45 | 02/20/29 | 350,000 | 331,556 | |||||||||
| Perusahaan Penerbit SBSN Indonesia III | 4.55 | 03/29/26 | 300,000 | 293,500 | |||||||||
| Perusahaan Penerbit SBSN Indonesia III | 4.70 | 06/06/32 | 300,000 | 281,625 | |||||||||
| RAK Capital | 3.09 | 03/31/25 | 200,000 | 190,920 | |||||||||
| Sharjah Sukuk Program Ltd. | 2.94 | 06/10/27 | 225,000 | 192,745 | |||||||||
| Sharjah Sukuk Program Ltd. | 3.23 | 10/23/29 | 200,000 | 163,917 | |||||||||
| Sharjah Sukuk Program Ltd. | 3.85 | 04/03/26 | 200,000 | 181,515 | |||||||||
| Sharjah Sukuk Program Ltd. | 4.23 | 03/14/28 | 250,000 | 220,739 | |||||||||
| 10,861,725 | |||||||||||||
| TRANSPORTATION – 0.1% | |||||||||||||
| Pelabuhan Indonesia Persero PT | 4.25 | 05/05/25 | 200,000 | 190,750 | |||||||||
| TOTAL CORPORATE BONDS (Cost - $33,306,401) | 31,888,254 | ||||||||||||
| GOVERNMENT AGENCIES AND OBLIGATIONS – 79.4% | |||||||||||||
| GOVERNMENT AGENCIES – 1.8% | |||||||||||||
| Banco Nacional de Desenvolvimento Economico e Social | 5.75 | 09/26/23 | 375,000 | 375,773 | |||||||||
| China Development Bank | 1.00 | 10/27/25 | 225,000 | 201,598 | |||||||||
| Export-Import Bank of China | 2.88 | 04/26/26 | 200,000 | 189,659 | |||||||||
| Export-Import Bank of China | 3.63 | 07/31/24 | 275,000 | 270,062 | |||||||||
| Export-Import Bank of India | 2.25 | 01/13/31 | 600,000 | 439,896 | |||||||||
| Export-Import Bank of India | 3.25 | 01/15/30 | 600,000 | 490,011 | |||||||||
| Export-Import Bank of India | 3.38 | 08/05/26 | 600,000 | 545,660 | |||||||||
| Export-Import Bank of India | 3.88 | 02/01/28 | 575,000 | 511,347 | |||||||||
| 3,024,006 | |||||||||||||
| GOVERMENT OBLIGATIONS – 77.6% | |||||||||||||
| Abu Dhabi Government International Bond | 0.75 | 09/02/23 | 400,000 | 386,534 | |||||||||
| Abu Dhabi Government International Bond | 1.63 | 06/02/28 | 400,000 | 338,654 | |||||||||
| Abu Dhabi Government International Bond | 1.70 | 03/02/31 | 300,000 | 236,207 | |||||||||
| Abu Dhabi Government International Bond | 1.88 | 09/15/31 | 350,000 | 275,948 | |||||||||
| Abu Dhabi Government International Bond | 2.13 | 09/30/24 | 625,000 | 594,889 | |||||||||
| Abu Dhabi Government International Bond | 2.50 | 04/16/25 | 600,000 | 570,870 | |||||||||
| Abu Dhabi Government International Bond | 2.50 | 09/30/29 | 600,000 | 520,670 | |||||||||
| Abu Dhabi Government International Bond | 3.13 | 05/03/26 | 500,000 | 473,708 | |||||||||
| Abu Dhabi Government International Bond | 3.13 | 10/11/27 | 800,000 | 746,150 | |||||||||
| Abu Dhabi Government International Bond | 3.13 | 04/16/30 | 625,000 | 561,003 | |||||||||
| Angolan Government International Bond | 8.00 | 11/26/29 | 1,050,000 | 859,688 | |||||||||
| Angolan Government International Bond | 8.25 | 05/09/28 | 1,200,000 | 1,011,000 | |||||||||
| Angolan Government International Bond | 8.75 | 04/14/32 | 1,000,000 | 805,000 | |||||||||
| Argentine Republic Government International Bond(1) | 0.50 | 07/09/30 | 4,500,000 | 954,000 | |||||||||
| Argentine Republic Government International Bond | 3.88 | 01/09/38 | 2,500,000 | 650,331 | |||||||||
| Bahrain Government International Bond | 5.45 | 09/16/32 | 500,000 | 404,623 | |||||||||
| Bahrain Government International Bond | 5.63 | 09/30/31 | 475,000 | 397,763 | |||||||||
| Bahrain Government International Bond | 6.13 | 08/01/23 | 700,000 | 701,750 | |||||||||
The accompanying notes are an integral part of these financial statements.
112
BONDBLOXX ETF TRUST
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF
Portfolio of Investments (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| GOVERMENT OBLIGATIONS – 77.6% (Continued) | |||||||||||||
| Bahrain Government International Bond | 6.75 | 09/20/29 | $ | 600,000 | $ | 564,149 | |||||||
| Bahrain Government International Bond | 7.00 | 01/26/26 | 525,000 | 525,269 | |||||||||
| Bahrain Government International Bond | 7.00 | 10/12/28 | 750,000 | 720,287 | |||||||||
| Bahrain Government International Bond | 7.38 | 05/14/30 | 475,000 | 453,272 | |||||||||
| Bolivian Government International Bond | 4.50 | 03/20/28 | 600,000 | 473,105 | |||||||||
| Brazilian Government International Bond | 2.88 | 06/06/25 | 600,000 | 564,600 | |||||||||
| Brazilian Government International Bond | 3.75 | 09/12/31 | 500,000 | 412,250 | |||||||||
| Brazilian Government International Bond | 3.88 | 06/12/30 | 1,200,000 | 1,011,342 | |||||||||
| Brazilian Government International Bond | 4.25 | 01/07/25 | 1,450,000 | 1,411,818 | |||||||||
| Brazilian Government International Bond | 4.50 | 05/30/29 | 700,000 | 628,869 | |||||||||
| Brazilian Government International Bond | 4.63 | 01/13/28 | 1,225,000 | 1,151,172 | |||||||||
| Brazilian Government International Bond | 6.00 | 04/07/26 | 750,000 | 768,405 | |||||||||
| Chile Government International Bond | 2.45 | 01/31/31 | 525,000 | 420,541 | |||||||||
| Chile Government International Bond | 2.55 | 01/27/32 | 425,000 | 334,398 | |||||||||
| Chile Government International Bond | 2.75 | 01/31/27 | 425,000 | 382,500 | |||||||||
| Chile Government International Bond | 3.24 | 02/06/28 | 575,000 | 517,309 | |||||||||
| China Government International Bond | 0.40 | 10/21/23 | 250,000 | 240,426 | |||||||||
| China Government International Bond | 0.55 | 10/21/25 | 350,000 | 311,939 | |||||||||
| China Government International Bond | 0.75 | 10/26/24 | 250,000 | 232,168 | |||||||||
| China Government International Bond | 1.20 | 10/21/30 | 350,000 | 280,898 | |||||||||
| China Government International Bond | 1.25 | 10/26/26 | 300,000 | 267,177 | |||||||||
| China Government International Bond | 1.75 | 10/26/31 | 250,000 | 205,510 | |||||||||
| China Government International Bond | 1.95 | 12/03/24 | 350,000 | 332,019 | |||||||||
| China Government International Bond | 2.13 | 12/03/29 | 375,000 | 329,117 | |||||||||
| China Government International Bond | 2.63 | 11/02/27 | 250,000 | 230,415 | |||||||||
| China Government International Bond | 3.25 | 10/19/23 | 250,000 | 247,106 | |||||||||
| Colombia Government International Bond | 3.00 | 01/30/30 | 850,000 | 603,712 | |||||||||
| Colombia Government International Bond | 3.13 | 04/15/31 | 950,000 | 652,477 | |||||||||
| Colombia Government International Bond | 3.25 | 04/22/32 | 750,000 | 500,437 | |||||||||
| Colombia Government International Bond | 3.88 | 04/25/27 | 725,000 | 606,076 | |||||||||
| Colombia Government International Bond | 4.00 | 02/26/24 | 600,000 | 576,031 | |||||||||
| Colombia Government International Bond | 4.50 | 01/28/26 | 550,000 | 495,359 | |||||||||
| Colombia Government International Bond | 4.50 | 03/15/29 | 750,000 | 606,161 | |||||||||
| Colombia Government International Bond | 8.13 | 05/21/24 | 425,000 | 427,346 | |||||||||
| Costa Rica Government International Bond | 6.13 | 02/19/31 | 700,000 | 652,085 | |||||||||
| Croatia Government International Bond | 6.00 | 01/26/24 | 1,000,000 | 1,007,053 | |||||||||
| Dominican Republic International Bond | 4.50 | 01/30/30 | 1,050,000 | 842,654 | |||||||||
| Dominican Republic International Bond | 4.88 | 09/23/32 | 1,400,000 | 1,079,656 | |||||||||
| Dominican Republic International Bond | 5.50 | 01/27/25 | 550,000 | 539,162 | |||||||||
| Dominican Republic International Bond | 5.50 | 02/22/29 | 850,000 | 742,122 | |||||||||
| Dominican Republic International Bond | 5.95 | 01/25/27 | 875,000 | 818,681 | |||||||||
| Dominican Republic International Bond | 6.00 | 07/19/28 | 600,000 | 548,433 | |||||||||
| Dominican Republic International Bond | 6.88 | 01/29/26 | 700,000 | 688,543 | |||||||||
| Ecuador Government International Bond | ZCP | 07/31/30 | 600,000 | 187,515 | |||||||||
| Ecuador Government International Bond(1) | 5.50 | 07/31/30 | 2,200,000 | 1,177,330 | |||||||||
| Egypt Government International Bond | 5.75 | 05/29/24 | 550,000 | 520,438 | |||||||||
| Egypt Government International Bond | 5.80 | 09/30/27 | 450,000 | 329,063 | |||||||||
| Egypt Government International Bond | 5.88 | 06/11/25 | 625,000 | 539,844 | |||||||||
| Egypt Government International Bond | 5.88 | 02/16/31 | 625,000 | 383,334 | |||||||||
The accompanying notes are an integral part of these financial statements.
113
BONDBLOXX ETF TRUST
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF
Portfolio of Investments (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| GOVERMENT OBLIGATIONS – 77.6% (Continued) | |||||||||||||
| Egypt Government International Bond | 6.59 | 02/21/28 | $ | 500,000 | $ | 360,000 | |||||||
| Egypt Government International Bond | 7.05 | 01/15/32 | 400,000 | 253,410 | |||||||||
| Egypt Government International Bond | 7.50 | 01/31/27 | 825,000 | 667,219 | |||||||||
| Egypt Government International Bond | 7.60 | 03/01/29 | 975,000 | 702,000 | |||||||||
| Egypt Government International Bond | 7.63 | 05/29/32 | 725,000 | 463,480 | |||||||||
| Ethiopia International Bond | 6.63 | 12/11/24 | 550,000 | 280,961 | |||||||||
| Gabon Government International Bond | 6.63 | 02/06/31 | 575,000 | 404,744 | |||||||||
| Ghana Government International Bond | 6.38 | 02/11/27 | 725,000 | 224,750 | |||||||||
| Ghana Government International Bond | 7.63 | 05/16/29 | 750,000 | 211,875 | |||||||||
| Ghana Government International Bond | 7.75 | 04/07/29 | 575,000 | 167,505 | |||||||||
| Ghana Government International Bond | 8.13 | 01/18/26 | 575,000 | 212,595 | |||||||||
| Ghana Government International Bond | 8.13 | 03/26/32 | 750,000 | 215,625 | |||||||||
| Ghana Government International Bond | 10.75 | 10/14/30 | 600,000 | 393,000 | |||||||||
| Hazine Mustesarligi Varlik Kiralama AS | 4.49 | 11/25/24 | 225,000 | 208,890 | |||||||||
| Hazine Mustesarligi Varlik Kiralama AS | 5.13 | 06/22/26 | 525,000 | 465,153 | |||||||||
| Hazine Mustesarligi Varlik Kiralama AS | 7.25 | 02/24/27 | 650,000 | 602,787 | |||||||||
| Hazine Mustesarligi Varlik Kiralama AS | 9.76 | 11/13/25 | 450,000 | 454,073 | |||||||||
| Hungary Government International Bond | 2.13 | 09/22/31 | 1,500,000 | 1,074,596 | |||||||||
| Hungary Government International Bond | 5.25 | 06/16/29 | 1,050,000 | 967,357 | |||||||||
| Hungary Government International Bond | 5.38 | 03/25/24 | 900,000 | 891,722 | |||||||||
| Hungary Government International Bond | 5.75 | 11/22/23 | 700,000 | 698,687 | |||||||||
| Indonesia Government International Bond | 1.85 | 03/12/31 | 250,000 | 191,562 | |||||||||
| Indonesia Government International Bond | 2.15 | 07/28/31 | 200,000 | 156,500 | |||||||||
| Indonesia Government International Bond | 2.85 | 02/14/30 | 250,000 | 212,591 | |||||||||
| Indonesia Government International Bond | 3.50 | 01/11/28 | 225,000 | 206,053 | |||||||||
| Indonesia Government International Bond | 3.55 | 03/31/32 | 200,000 | 171,750 | |||||||||
| Indonesia Government International Bond | 3.85 | 07/18/27 | 200,000 | 187,087 | |||||||||
| Indonesia Government International Bond | 3.85 | 10/15/30 | 275,000 | 246,575 | |||||||||
| Indonesia Government International Bond | 4.10 | 04/24/28 | 200,000 | 188,395 | |||||||||
| Indonesia Government International Bond | 4.13 | 01/15/25 | 425,000 | 415,880 | |||||||||
| Indonesia Government International Bond | 4.35 | 01/08/27 | 250,000 | 241,076 | |||||||||
| Indonesia Government International Bond | 4.65 | 09/20/32 | 250,000 | 231,406 | |||||||||
| Indonesia Government International Bond | 4.75 | 01/08/26 | 400,000 | 392,331 | |||||||||
| Indonesia Government International Bond | 4.75 | 02/11/29 | 225,000 | 216,562 | |||||||||
| Indonesia Government International Bond | 5.88 | 01/15/24 | 325,000 | 328,470 | |||||||||
| Iraq International Bond | 5.80 | 01/15/28 | 773,438 | 659,098 | |||||||||
| Ivory Coast Government International Bond | 6.13 | 06/15/33 | 750,000 | 587,048 | |||||||||
| Jamaica Government International Bond | 6.75 | 04/28/28 | 850,000 | 891,814 | |||||||||
| Jordan Government International Bond | 5.75 | 01/31/27 | 600,000 | 551,823 | |||||||||
| Jordan Government International Bond | 5.85 | 07/07/30 | 700,000 | 582,750 | |||||||||
| Jordan Government International Bond | 6.13 | 01/29/26 | 600,000 | 575,376 | |||||||||
| Kazakhstan Government International Bond | 3.88 | 10/14/24 | 900,000 | 894,544 | |||||||||
| Kazakhstan Government International Bond | 5.13 | 07/21/25 | 1,650,000 | 1,690,365 | |||||||||
| Kuwait International Government Bond | 3.50 | 03/20/27 | 2,850,000 | 2,724,279 | |||||||||
| Lebanon Government International Bond(2) | 6.00 | 01/27/23 | 600,000 | 37,468 | |||||||||
| Lebanon Government International Bond(2) | 6.10 | 10/04/22 | 1,700,000 | 110,768 | |||||||||
| Lebanon Government International Bond(2) | 6.65 | 02/26/30 | 1,200,000 | 74,835 | |||||||||
| Lebanon Government International Bond(2) | 6.85 | 03/23/27 | 1,100,000 | 68,599 | |||||||||
| Lebanon Government International Bond(2) | 8.25 | 04/12/21 | 200,000 | 12,921 | |||||||||
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 (Continued)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| GOVERMENT OBLIGATIONS – 77.6% (Continued) | |||||||||||||
| Mexico Government International Bond | 2.66 | 05/24/31 | $ | 750,000 | $ | 582,750 | |||||||
| Mexico Government International Bond | 3.25 | 04/16/30 | 375,000 | 315,859 | |||||||||
| Mexico Government International Bond | 3.75 | 01/11/28 | 325,000 | 298,512 | |||||||||
| Mexico Government International Bond | 4.13 | 01/21/26 | 325,000 | 313,462 | |||||||||
| Mexico Government International Bond | 4.15 | 03/28/27 | 400,000 | 382,400 | |||||||||
| Mexico Government International Bond | 4.50 | 04/22/29 | 500,000 | 466,250 | |||||||||
| Mexico Government International Bond | 4.75 | 04/27/32 | 400,000 | 362,638 | |||||||||
| Mexico Government International Bond | 8.30 | 08/15/31 | 150,000 | 168,403 | |||||||||
| Nigeria Government International Bond | 6.13 | 09/28/28 | 1,000,000 | 662,500 | |||||||||
| Nigeria Government International Bond | 6.50 | 11/28/27 | 875,000 | 623,437 | |||||||||
| Nigeria Government International Bond | 7.14 | 02/23/30 | 750,000 | 491,250 | |||||||||
| Nigeria Government International Bond | 7.63 | 11/21/25 | 650,000 | 562,250 | |||||||||
| Nigeria Government International Bond | 7.88 | 02/16/32 | 850,000 | 548,250 | |||||||||
| Nigeria Government International Bond | 8.38 | 03/24/29 | 725,000 | 527,438 | |||||||||
| Nigeria Government International Bond | 8.75 | 01/21/31 | 600,000 | 423,000 | |||||||||
| Oman Government International Bond | 4.75 | 06/15/26 | 1,075,000 | 1,021,250 | |||||||||
| Oman Government International Bond | 4.88 | 02/01/25 | 550,000 | 535,563 | |||||||||
| Oman Government International Bond | 5.38 | 03/08/27 | 900,000 | 861,750 | |||||||||
| Oman Government International Bond | 5.63 | 01/17/28 | 1,075,000 | 1,026,625 | |||||||||
| Oman Government International Bond | 6.00 | 08/01/29 | 975,000 | 929,906 | |||||||||
| Oman Government International Bond | 6.25 | 01/25/31 | 750,000 | 717,188 | |||||||||
| Oman Government International Bond | 6.75 | 10/28/27 | 625,000 | 627,680 | |||||||||
| Oman Government International Bond | 7.38 | 10/28/32 | 450,000 | 461,503 | |||||||||
| Oman Sovereign Sukuk Co. | 4.40 | 06/01/24 | 875,000 | 857,500 | |||||||||
| Oman Sovereign Sukuk Co. | 4.88 | 06/15/30 | 800,000 | 763,106 | |||||||||
| Oman Sovereign Sukuk Co. | 5.93 | 10/31/25 | 650,000 | 658,125 | |||||||||
| Pakistan Government International Bond | 6.00 | 04/08/26 | 775,000 | 249,938 | |||||||||
| Pakistan Government International Bond | 6.88 | 12/05/27 | 1,075,000 | 344,000 | |||||||||
| Pakistan Government International Bond | 7.38 | 04/08/31 | 825,000 | 257,813 | |||||||||
| Pakistan Government International Bond | 8.25 | 04/15/24 | 575,000 | 244,375 | |||||||||
| Panama Government International Bond | 2.25 | 09/29/32 | 1,100,000 | 765,867 | |||||||||
| Panama Government International Bond | 3.16 | 01/23/30 | 625,000 | 510,034 | |||||||||
| Panama Government International Bond | 3.75 | 03/16/25 | 500,000 | 478,249 | |||||||||
| Panama Government International Bond | 3.88 | 03/17/28 | 550,000 | 499,051 | |||||||||
| Paraguay Government International Bond | 4.95 | 04/28/31 | 600,000 | 550,164 | |||||||||
| Peruvian Government International Bond | 2.39 | 01/23/26 | 425,000 | 383,464 | |||||||||
| Peruvian Government International Bond | 2.78 | 01/23/31 | 1,650,000 | 1,303,813 | |||||||||
| Peruvian Government International Bond | 4.13 | 08/25/27 | 500,000 | 470,162 | |||||||||
| Peruvian Government International Bond | 7.35 | 07/21/25 | 650,000 | 675,945 | |||||||||
| Philippine Government International Bond | 1.65 | 06/10/31 | 450,000 | 336,937 | |||||||||
| Philippine Government International Bond | 2.46 | 05/05/30 | 375,000 | 309,844 | |||||||||
| Philippine Government International Bond | 3.00 | 02/01/28 | 750,000 | 677,812 | |||||||||
| Philippine Government International Bond | 3.75 | 01/14/29 | 550,000 | 507,375 | |||||||||
| Philippine Government International Bond | 4.20 | 01/21/24 | 550,000 | 541,750 | |||||||||
| Philippine Government International Bond | 5.50 | 03/30/26 | 375,000 | 378,281 | |||||||||
| Philippine Government International Bond | 6.38 | 01/15/32 | 375,000 | 388,125 | |||||||||
| Philippine Government International Bond | 7.75 | 01/14/31 | 600,000 | 678,000 | |||||||||
| Philippine Government International Bond | 9.50 | 02/02/30 | 750,000 | 903,750 | |||||||||
| Philippine Government International Bond | 10.63 | 03/16/25 | 525,000 | 586,687 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| GOVERMENT OBLIGATIONS – 77.6% (Continued) | |||||||||||||
| Qatar Government International Bond | 3.25 | 06/02/26 | $ | 950,000 | $ | 900,006 | |||||||
| Qatar Government International Bond | 3.38 | 03/14/24 | 525,000 | 515,589 | |||||||||
| Qatar Government International Bond | 3.40 | 04/16/25 | 525,000 | 507,473 | |||||||||
| Qatar Government International Bond | 3.75 | 04/16/30 | 800,000 | 745,380 | |||||||||
| Qatar Government International Bond | 4.00 | 03/14/29 | 1,050,000 | 999,154 | |||||||||
| Qatar Government International Bond | 4.50 | 04/23/28 | 1,000,000 | 980,115 | |||||||||
| Qatar Government International Bond | 9.75 | 06/15/30 | 500,000 | 647,232 | |||||||||
| Republic of Azerbaijan International Bond | 3.50 | 09/01/32 | 650,000 | 522,956 | |||||||||
| Republic of Azerbaijan International Bond | 4.75 | 03/18/24 | 725,000 | 708,468 | |||||||||
| Republic of Kenya Government International Bond | 6.88 | 06/24/24 | 1,150,000 | 1,012,000 | |||||||||
| Republic of Kenya Government International Bond | 7.25 | 02/28/28 | 600,000 | 456,000 | |||||||||
| Republic of Kenya Government International Bond | 8.00 | 05/22/32 | 700,000 | 490,000 | |||||||||
| Republic of Poland Government International Bond | 3.25 | 04/06/26 | 1,050,000 | 985,966 | |||||||||
| Republic of Poland Government International Bond | 4.00 | 01/22/24 | 1,250,000 | 1,232,378 | |||||||||
| Republic of South Africa Government International Bond | 4.30 | 10/12/28 | 900,000 | 769,603 | |||||||||
| Republic of South Africa Government International Bond | 4.67 | 01/17/24 | 675,000 | 664,450 | |||||||||
| Republic of South Africa Government International Bond | 4.85 | 09/27/27 | 450,000 | 408,854 | |||||||||
| Republic of South Africa Government International Bond | 4.85 | 09/30/29 | 950,000 | 808,728 | |||||||||
| Republic of South Africa Government International Bond | 4.88 | 04/14/26 | 550,000 | 517,308 | |||||||||
| Republic of South Africa Government International Bond | 5.88 | 09/16/25 | 900,000 | 891,697 | |||||||||
| Republic of South Africa Government International Bond | 5.88 | 06/22/30 | 625,000 | 556,017 | |||||||||
| Republic of South Africa Government International Bond | 5.88 | 04/20/32 | 625,000 | 539,844 | |||||||||
| Romanian Government International Bond | 3.00 | 02/27/27 | 850,000 | 730,841 | |||||||||
| Romanian Government International Bond | 3.00 | 02/14/31 | 800,000 | 593,822 | |||||||||
| Romanian Government International Bond | 3.63 | 03/27/32 | 650,000 | 479,425 | |||||||||
| Romanian Government International Bond | 4.38 | 08/22/23 | 750,000 | 744,131 | |||||||||
| Romanian Government International Bond | 5.25 | 11/25/27 | 600,000 | 550,970 | |||||||||
| Saudi Government International Bond | 2.50 | 02/03/27 | 275,000 | 249,110 | |||||||||
| Saudi Government International Bond | 2.75 | 02/03/32 | 225,000 | 185,467 | |||||||||
| Saudi Government International Bond | 2.90 | 10/22/25 | 550,000 | 518,928 | |||||||||
| Saudi Government International Bond | 3.25 | 10/26/26 | 1,150,000 | 1,081,776 | |||||||||
| Saudi Government International Bond | 3.25 | 10/22/30 | 350,000 | 306,836 | |||||||||
| Saudi Government International Bond | 3.63 | 03/04/28 | 1,150,000 | 1,072,208 | |||||||||
| Saudi Government International Bond | 4.00 | 04/17/25 | 1,000,000 | 976,885 | |||||||||
| Saudi Government International Bond | 4.38 | 04/16/29 | 1,100,000 | 1,051,958 | |||||||||
| Saudi Government International Bond | 4.50 | 04/17/30 | 700,000 | 671,059 | |||||||||
| Saudi Government International Bond | 5.50 | 10/25/32 | 500,000 | 507,188 | |||||||||
| Senegal Government International Bond | 6.25 | 05/23/33 | 625,000 | 469,666 | |||||||||
| Serbia International Bond | 2.13 | 12/01/30 | 700,000 | 485,536 | |||||||||
| Sri Lanka Government International Bond(2) | 5.75 | 04/18/23 | 725,000 | 169,554 | |||||||||
| Sri Lanka Government International Bond(2) | 6.20 | 05/11/27 | 900,000 | 200,250 | |||||||||
| Sri Lanka Government International Bond(2) | 6.75 | 04/18/28 | 725,000 | 168,222 | |||||||||
| Sri Lanka Government International Bond(2) | 6.85 | 03/14/24 | 600,000 | 140,621 | |||||||||
| Sri Lanka Government International Bond(2) | 6.85 | 11/03/25 | 1,300,000 | 307,359 | |||||||||
| Sri Lanka Government International Bond(2) | 7.55 | 03/28/30 | 1,675,000 | 383,529 | |||||||||
| Trinidad & Tobago Government International Bond | 4.50 | 08/04/26 | 600,000 | 580,177 | |||||||||
| Tunisian Republic International Bond | 5.75 | 01/30/25 | 575,000 | 364,435 | |||||||||
| Turkey Government International Bond | 4.25 | 03/13/25 | 425,000 | 386,219 | |||||||||
| Turkey Government International Bond | 4.25 | 04/14/26 | 325,000 | 277,469 | |||||||||
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)
October 31, 2022
| Face | |||||||||||||
| Rate (%) | Maturity | Amount | Value | ||||||||||
| GOVERMENT OBLIGATIONS – 77.6% (Continued) | |||||||||||||
| Turkey Government International Bond | 4.75 | 01/26/26 | $ | 400,000 | $ | 352,000 | |||||||
| Turkey Government International Bond | 4.88 | 10/09/26 | 650,000 | 554,937 | |||||||||
| Turkey Government International Bond | 5.13 | 02/17/28 | 425,000 | 345,312 | |||||||||
| Turkey Government International Bond | 5.25 | 03/13/30 | 425,000 | 317,687 | |||||||||
| Turkey Government International Bond | 5.60 | 11/14/24 | 550,000 | 528,000 | |||||||||
| Turkey Government International Bond | 5.75 | 03/22/24 | 525,000 | 517,125 | |||||||||
| Turkey Government International Bond | 5.88 | 06/26/31 | 375,000 | 283,125 | |||||||||
| Turkey Government International Bond | 5.95 | 01/15/31 | 500,000 | 383,750 | |||||||||
| Turkey Government International Bond | 6.00 | 03/25/27 | 700,000 | 611,625 | |||||||||
| Turkey Government International Bond | 6.13 | 10/24/28 | 600,000 | 501,750 | |||||||||
| Turkey Government International Bond | 6.35 | 08/10/24 | 500,000 | 489,979 | |||||||||
| Turkey Government International Bond | 6.38 | 10/14/25 | 550,000 | 512,187 | |||||||||
| Turkey Government International Bond | 7.25 | 12/23/23 | 425,000 | 430,312 | |||||||||
| Turkey Government International Bond | 7.38 | 02/05/25 | 700,000 | 688,625 | |||||||||
| Turkey Government International Bond | 7.63 | 04/26/29 | 900,000 | 797,625 | |||||||||
| Turkey Government International Bond | 8.60 | 09/24/27 | 425,000 | 409,063 | |||||||||
| Turkey Government International Bond | 11.88 | 01/15/30 | 325,000 | 359,937 | |||||||||
| U.S. Treasury Note | 0.88 | 01/31/24 | 500,000 | 477,126 | |||||||||
| UAE Government International Bond | 2.00 | 10/19/31 | 225,000 | 178,498 | |||||||||
| UAE Government International Bond | 4.05 | 07/07/32 | 450,000 | 418,303 | |||||||||
| Ukraine Government International Bond | 6.88 | 05/21/31 | 1,000,000 | 155,205 | |||||||||
| Ukraine Government International Bond | 7.38 | 09/25/34 | 200,000 | 31,875 | |||||||||
| Ukraine Government International Bond | 7.75 | 09/01/25 | 775,000 | 167,855 | |||||||||
| Ukraine Government International Bond | 7.75 | 09/01/26 | 750,000 | 135,428 | |||||||||
| Ukraine Government International Bond | 7.75 | 09/01/27 | 800,000 | 138,912 | |||||||||
| Ukraine Government International Bond | 7.75 | 09/01/28 | 750,000 | 138,750 | |||||||||
| Ukraine Government International Bond | 7.75 | 09/01/29 | 750,000 | 136,069 | |||||||||
| Ukraine Government International Bond | 9.75 | 11/01/30 | 950,000 | 178,764 | |||||||||
| Uruguay Government International Bond | 4.38 | 10/27/27 | 925,000 | 914,531 | |||||||||
| Uruguay Government International Bond | 4.38 | 01/23/31 | 1,175,000 | 1,122,148 | |||||||||
| Vietnam Government International Bond | 4.80 | 11/19/24 | 600,000 | 577,950 | |||||||||
| Zambia Government International Bond(2) | 8.50 | 04/14/24 | 600,000 | 237,000 | |||||||||
| Zambia Government International Bond(2) | 8.97 | 07/30/27 | 700,000 | 266,000 | |||||||||
| 130,897,059 | |||||||||||||
| TOTAL GOVERNMENT AGENCIES AND OBLIGATIONS (Cost - $141,568,047) | 133,921,065 | ||||||||||||
| SHORT-TERM INVESTMENTS – 0.6% | |||||||||||||
| TIME DEPOSITS – 0.6% | |||||||||||||
| BBVA, Madrid | 2.43 | 11/01/22 | 995,196 | 995,196 | |||||||||
| Citibank, London | 0.31 | 11/01/22 | 722 | 713 | |||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $995,909) | 995,909 | ||||||||||||
| TOTAL INVESTMENTS – 98.9% (Cost - $175,870,357) | $ | 166,805,228 | |||||||||||
| OTHER ASSETS LESS LIABILITIES – 1.1% | 1,906,020 | ||||||||||||
| NET ASSETS – 100.0% | $ | 168,711,248 | |||||||||||
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 October 31, 2022. |
| (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.
117
BONDBLOXX ETF TRUST
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF
Portfolio of Investments (Continued)
October 31, 2022
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 October 31, 2022:
| Percent of | ||||
| Country | Net Assets | |||
| Angola | 1.6 | % | ||
| Argentina | 1.0 | % | ||
| Australia | 0.1 | % | ||
| Azerbaijan | 1.5 | % | ||
| Bahrain | 4.3 | % | ||
| Bolivia | 0.3 | % | ||
| Brazil | 3.7 | % | ||
| British Virgin Islands | 1.9 | % | ||
| Cayman Islands | 2.5 | % | ||
| Chile | 1.5 | % | ||
| China | 2.0 | % | ||
| Colombia | 2.6 | % | ||
| Costa Rica | 0.4 | % | ||
| Croatia | 0.6 | % | ||
| Dominican Republic | 3.1 | % | ||
| Ecuador | 0.8 | % | ||
| Egypt | 2.5 | % | ||
| Ethiopia | 0.2 | % | ||
| Gabon | 0.2 | % | ||
| Ghana | 0.8 | % | ||
| Hong Kong | 0.5 | % | ||
| Hungary | 2.2 | % | ||
| India | 1.2 | % | ||
| Indonesia | 4.5 | % | ||
| Iraq | 0.4 | % | ||
| Ivory Coast | 0.3 | % | ||
| Jamaica | 0.5 | % | ||
| Jordan | 1.0 | % | ||
| Kazakhstan | 2.2 | % | ||
| Kenya | 1.2 | % | ||
| Kuwait | 1.6 | % | ||
| Percent of | ||||
| Country | Net Assets | |||
| Lebanon | 0.2 | % | ||
| Malaysia | 2.3 | % | ||
| Mexico | 4.2 | % | ||
| Nigeria | 2.3 | % | ||
| Oman | 5.0 | % | ||
| Pakistan | 0.8 | % | ||
| Panama | 1.5 | % | ||
| Paraguay | 0.3 | % | ||
| Peru | 1.9 | % | ||
| Philippines | 3.5 | % | ||
| Poland | 1.3 | % | ||
| Qatar | 3.8 | % | ||
| Romania | 1.8 | % | ||
| Saudi Arabia | 3.9 | % | ||
| Senegal | 0.3 | % | ||
| Serbia | 0.3 | % | ||
| South Africa | 3.9 | % | ||
| Sri Lanka | 0.8 | % | ||
| Trinidad and Tobago | 0.3 | % | ||
| Tunisia | 0.2 | % | ||
| Turkey | 6.2 | % | ||
| Ukraine | 0.6 | % | ||
| United Arab Emirates | 3.6 | % | ||
| United States | 0.3 | % | ||
| Uruguay | 1.2 | % | ||
| Vietnam | 0.3 | % | ||
| Zambia | 0.3 | % | ||
| Other* | 1.7 | % | ||
| 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.
118
BONDBLOXX ETF TRUST
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
Portfolio of Investments
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| SHORT-TERM INVESTMENTS – 99.7% | ||||||||||||||
| GOVERNMENT OBLIGATIONS – 99.7% | ||||||||||||||
| U.S. Treasury Bill | ZCP | 12/01/22 | $ | 613,000 | $ | 611,252 | ||||||||
| U.S. Treasury Bill | ZCP | 01/12/23 | 3,237,000 | 3,211,585 | ||||||||||
| U.S. Treasury Bill | ZCP | 01/19/23 | 3,440,000 | 3,410,211 | ||||||||||
| U.S. Treasury Bill | ZCP | 02/02/23 | 3,800,000 | 3,760,490 | ||||||||||
| U.S. Treasury Bill | ZCP | 02/09/23 | 5,000,000 | 4,943,821 | ||||||||||
| U.S. Treasury Bill | ZCP | 02/16/23 | 3,500,000 | 3,457,853 | ||||||||||
| U.S. Treasury Bill | ZCP | 03/02/23 | 5,000,000 | 4,931,145 | ||||||||||
| U.S. Treasury Bill | ZCP | 04/20/23 | 5,000,000 | 4,897,244 | ||||||||||
| U.S. Treasury Bill | ZCP | 05/18/23 | 750,000 | 732,824 | ||||||||||
| U.S. Treasury Bill | ZCP | 06/15/23 | 2,447,000 | 2,382,586 | ||||||||||
| U.S. Treasury Bill | ZCP | 07/13/23 | 4,500,000 | 4,366,022 | ||||||||||
| U.S. Treasury Bill | ZCP | 08/10/23 | 5,000,000 | 4,833,160 | ||||||||||
| U.S. Treasury Bill | ZCP | 09/07/23 | 4,771,200 | 4,594,618 | ||||||||||
| U.S. Treasury Bill | ZCP | 10/05/23 | 3,984,000 | 3,817,519 | ||||||||||
| TOTAL SHORT-TERM INVESTMENTS (Cost - $50,016,528) | 49,950,330 | |||||||||||||
| TOTAL INVESTMENTS – 99.7% (Cost - $50,016,528) | $ | 49,950,330 | ||||||||||||
| OTHER ASSETS LESS LIABILITIES – 0.3% | 144,281 | |||||||||||||
| NET ASSETS – 100.0% | $ | 50,094,611 | ||||||||||||
ZCP Indicates a zero coupon rate.
The accompanying notes are an integral part of these financial statements.
119
BONDBLOXX ETF TRUST
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
Portfolio of Investments
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| GOVERNMENT OBLIGATIONS – 99.3% | ||||||||||||||
| U.S. Treasury Note | 0.13 | 05/31/23 | $ | 1,397,000 | $ | 1,361,557 | ||||||||
| U.S. Treasury Note | 0.13 | 06/30/23 | 490,000 | 475,759 | ||||||||||
| U.S. Treasury Note | 0.13 | 07/15/23 | 2,950,000 | 2,859,253 | ||||||||||
| U.S. Treasury Note | 0.13 | 07/31/23 | 2,370,000 | 2,291,772 | ||||||||||
| U.S. Treasury Note | 0.13 | 08/15/23 | 3,950,000 | 3,812,521 | ||||||||||
| U.S. Treasury Note | 0.13 | 08/31/23 | 3,950,000 | 3,803,418 | ||||||||||
| U.S. Treasury Note | 0.25 | 09/30/23 | 3,160,000 | 3,036,130 | ||||||||||
| U.S. Treasury Note | 0.38 | 04/15/24 | 1,000,000 | 940,254 | ||||||||||
| U.S. Treasury Note | 0.50 | 11/30/23 | 515,000 | 492,781 | ||||||||||
| U.S. Treasury Note | 0.75 | 12/31/23 | 3,160,000 | 3,021,133 | ||||||||||
| U.S. Treasury Note | 0.88 | 01/31/24 | 3,165,000 | 3,020,164 | ||||||||||
| U.S. Treasury Note | 1.38 | 09/30/23 | 3,160,000 | 3,071,187 | ||||||||||
| U.S. Treasury Note | 2.25 | 03/31/24 | 3,727,600 | 3,605,652 | ||||||||||
| U.S. Treasury Note | 2.25 | 04/30/24 | 1,200,000 | 1,158,656 | ||||||||||
| U.S. Treasury Note | 2.50 | 01/31/24 | 3,160,000 | 3,077,914 | ||||||||||
| U.S. Treasury Note | 2.50 | 04/30/24 | 1,200,000 | 1,163,109 | ||||||||||
| U.S. Treasury Note | 2.75 | 08/31/23 | 1,975,000 | 1,946,841 | ||||||||||
| TOTAL GOVERNMENT OBLIGATIONS (Cost - $39,337,746) | 39,138,101 | |||||||||||||
| TOTAL INVESTMENTS – 99.3% (Cost - $39,337,746) | $ | 39,138,101 | ||||||||||||
| OTHER ASSETS LESS LIABILITIES – 0.7% | 286,288 | |||||||||||||
| NET ASSETS – 100.0% | $ | 39,424,389 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
120
BONDBLOXX ETF TRUST
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
Portfolio of Investments
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| GOVERNMENT OBLIGATIONS – 99.0% | ||||||||||||||
| U.S. Treasury Note | 0.25 | 05/15/24 | $ | 1,850,000 | $ | 1,730,292 | ||||||||
| U.S. Treasury Note | 0.25 | 07/31/25 | 1,850,000 | 1,652,281 | ||||||||||
| U.S. Treasury Note | 0.25 | 08/31/25 | 2,475,500 | 2,202,325 | ||||||||||
| U.S. Treasury Note | 0.38 | 04/15/24 | 3,330,000 | 3,131,046 | ||||||||||
| U.S. Treasury Note | 0.75 | 12/31/23 | 600,000 | 573,633 | ||||||||||
| U.S. Treasury Note | 0.75 | 11/15/24 | 2,590,000 | 2,401,415 | ||||||||||
| U.S. Treasury Note | 0.88 | 01/31/24 | 2,220,000 | 2,118,409 | ||||||||||
| U.S. Treasury Note | 1.13 | 01/15/25 | 1,776,000 | 1,651,402 | ||||||||||
| U.S. Treasury Note | 1.50 | 02/15/25 | 1,680,000 | 1,571,128 | ||||||||||
| U.S. Treasury Note | 1.75 | 03/15/25 | 1,480,000 | 1,390,737 | ||||||||||
| U.S. Treasury Note | 2.25 | 03/31/24 | 3,330,000 | 3,221,060 | ||||||||||
| U.S. Treasury Note | 2.25 | 11/15/25 | 1,186,000 | 1,112,941 | ||||||||||
| U.S. Treasury Note | 2.75 | 02/15/24 | 1,442,000 | 1,407,612 | ||||||||||
| U.S. Treasury Note | 2.75 | 05/15/25 | 2,590,000 | 2,484,478 | ||||||||||
| U.S. Treasury Note | 2.88 | 06/15/25 | 2,590,000 | 2,490,042 | ||||||||||
| U.S. Treasury Note | 3.00 | 07/31/24 | 2,590,000 | 2,521,203 | ||||||||||
| U.S. Treasury Note | 3.00 | 07/15/25 | 1,636,300 | 1,576,217 | ||||||||||
| U.S. Treasury Note | 3.13 | 08/15/25 | 2,220,000 | 2,144,208 | ||||||||||
| U.S. Treasury Note | 4.25 | 09/30/24 | 890,000 | 885,567 | ||||||||||
| TOTAL GOVERNMENT OBLIGATIONS (Cost - $36,667,303) | 36,265,996 | |||||||||||||
| TOTAL INVESTMENTS – 99.0% (Cost - $36,667,303) | $ | 36,265,996 | ||||||||||||
| OTHER ASSETS LESS LIABILITIES – 1.0% | 356,680 | |||||||||||||
| NET ASSETS – 100.0% | $ | 36,622,676 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
121
BONDBLOXX ETF TRUST
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF
Portfolio of Investments
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| GOVERNMENT OBLIGATIONS – 99.2% | ||||||||||||||
| U.S. Treasury Note | 0.25 | 05/31/25 | $ | 1,230,000 | $ | 1,105,030 | ||||||||
| U.S. Treasury Note | 0.25 | 07/31/25 | 1,640,000 | 1,464,725 | ||||||||||
| U.S. Treasury Note | 0.25 | 08/31/25 | 1,230,000 | 1,094,268 | ||||||||||
| U.S. Treasury Note | 0.38 | 11/30/25 | 1,000,000 | 884,492 | ||||||||||
| U.S. Treasury Note | 0.38 | 12/31/25 | 1,640,000 | 1,447,044 | ||||||||||
| U.S. Treasury Note | 0.38 | 01/31/26 | 2,050,000 | 1,801,438 | ||||||||||
| U.S. Treasury Note | 0.63 | 07/31/26 | 500,000 | 435,723 | ||||||||||
| U.S. Treasury Note | 0.75 | 03/31/26 | 600,000 | 531,117 | ||||||||||
| U.S. Treasury Note | 0.75 | 04/30/26 | 2,050,000 | 1,809,365 | ||||||||||
| U.S. Treasury Note | 0.75 | 05/31/26 | 1,025,000 | 902,320 | ||||||||||
| U.S. Treasury Note | 0.75 | 08/31/26 | 735,000 | 641,890 | ||||||||||
| U.S. Treasury Note | 0.88 | 06/30/26 | 1,656,000 | 1,460,838 | ||||||||||
| U.S. Treasury Note | 0.88 | 09/30/26 | 1,000,000 | 875,703 | ||||||||||
| U.S. Treasury Note | 1.13 | 01/15/25 | 1,060,000 | 985,634 | ||||||||||
| U.S. Treasury Note | 1.25 | 11/30/26 | 515,000 | 456,016 | ||||||||||
| U.S. Treasury Note | 1.75 | 03/15/25 | 1,025,000 | 963,180 | ||||||||||
| U.S. Treasury Note | 2.25 | 11/15/25 | 1,230,000 | 1,154,230 | ||||||||||
| U.S. Treasury Note | 2.63 | 04/15/25 | 861,000 | 824,508 | ||||||||||
| U.S. Treasury Note | 3.00 | 07/15/25 | 1,200,000 | 1,155,938 | ||||||||||
| TOTAL GOVERNMENT OBLIGATIONS (Cost - $20,281,636) | 19,993,459 | |||||||||||||
| TOTAL INVESTMENTS – 99.2% (Cost - $20,281,636) | $ | 19,993,459 | ||||||||||||
| OTHER ASSETS LESS LIABILITIES – 0.8% | 152,585 | |||||||||||||
| NET ASSETS – 100.0% | $ | 20,146,044 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
122
BONDBLOXX ETF TRUST
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
Portfolio of Investments
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| GOVERNMENT OBLIGATIONS – 99.1% | ||||||||||||||
| U.S. Treasury Note | 0.50 | 04/30/27 | $ | 1,050,000 | $ | 888,932 | ||||||||
| U.S. Treasury Note | 0.50 | 06/30/27 | 546,000 | 459,621 | ||||||||||
| U.S. Treasury Note | 0.50 | 10/31/27 | 1,260,000 | 1,048,212 | ||||||||||
| U.S. Treasury Note | 0.63 | 11/30/27 | 1,260,000 | 1,052,444 | ||||||||||
| U.S. Treasury Note | 0.75 | 01/31/28 | 1,050,000 | 878,514 | ||||||||||
| U.S. Treasury Note | 1.00 | 07/31/28 | 1,015,000 | 847,921 | ||||||||||
| U.S. Treasury Note | 1.25 | 03/31/28 | 1,050,000 | 898,037 | ||||||||||
| U.S. Treasury Note | 1.25 | 04/30/28 | 1,680,000 | 1,433,709 | ||||||||||
| U.S. Treasury Note | 1.25 | 06/30/28 | 2,100,000 | 1,784,672 | ||||||||||
| U.S. Treasury Note | 1.25 | 09/30/28 | 2,100,000 | 1,772,367 | ||||||||||
| U.S. Treasury Note | 1.38 | 10/31/28 | 990,000 | 840,417 | ||||||||||
| U.S. Treasury Note | 1.50 | 01/31/27 | 950,000 | 846,799 | ||||||||||
| U.S. Treasury Note | 1.50 | 11/30/28 | 840,000 | 717,380 | ||||||||||
| U.S. Treasury Note | 2.38 | 03/31/29 | 630,000 | 564,564 | ||||||||||
| U.S. Treasury Note | 2.75 | 04/30/27 | 1,470,000 | 1,377,838 | ||||||||||
| U.S. Treasury Note | 2.75 | 05/31/29 | 725,000 | 664,055 | ||||||||||
| U.S. Treasury Note | 2.88 | 08/15/28 | 1,050,000 | 975,557 | ||||||||||
| U.S. Treasury Note | 2.88 | 04/30/29 | 750,000 | 692,724 | ||||||||||
| U.S. Treasury Note | 3.13 | 08/31/27 | 1,260,000 | 1,199,510 | ||||||||||
| U.S. Treasury Note | 3.25 | 06/30/27 | 1,260,000 | 1,205,859 | ||||||||||
| TOTAL GOVERNMENT OBLIGATIONS (Cost - $20,732,850) | 20,149,132 | |||||||||||||
| TOTAL INVESTMENTS – 99.1% (Cost - $20,732,850) | $ | 20,149,132 | ||||||||||||
| OTHER ASSETS LESS LIABILITIES – 0.9% | 177,139 | |||||||||||||
| NET ASSETS – 100.0% | $ | 20,326,271 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
123
BONDBLOXX ETF TRUST
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF
Portfolio of Investments
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| GOVERNMENT OBLIGATIONS – 98.9% | ||||||||||||||
| U.S. Treasury Note | 0.63 | 05/15/30 | $ | 1,720,000 | $ | 1,337,166 | ||||||||
| U.S. Treasury Note | 0.63 | 08/15/30 | 1,806,000 | 1,395,699 | ||||||||||
| U.S. Treasury Note | 1.13 | 02/15/31 | 1,720,000 | 1,376,134 | ||||||||||
| U.S. Treasury Note | 1.38 | 10/31/28 | 1,138,000 | 966,055 | ||||||||||
| U.S. Treasury Note | 1.38 | 11/15/31 | 1,290,000 | 1,030,287 | ||||||||||
| U.S. Treasury Note | 1.50 | 11/30/28 | 1,330,000 | 1,135,851 | ||||||||||
| U.S. Treasury Note | 1.50 | 02/15/30 | 920,000 | 770,931 | ||||||||||
| U.S. Treasury Note | 1.63 | 05/15/31 | 1,720,000 | 1,422,628 | ||||||||||
| U.S. Treasury Note | 1.88 | 02/15/32 | 1,762,000 | 1,466,590 | ||||||||||
| U.S. Treasury Note | 2.38 | 03/31/29 | 1,075,000 | 963,343 | ||||||||||
| U.S. Treasury Note | 2.63 | 07/31/29 | 1,290,000 | 1,171,582 | ||||||||||
| U.S. Treasury Note | 2.75 | 05/31/29 | 1,908,800 | 1,748,341 | ||||||||||
| U.S. Treasury Note | 2.75 | 08/15/32 | 1,720,000 | 1,540,475 | ||||||||||
| U.S. Treasury Note | 2.88 | 05/15/32 | 2,285,000 | 2,072,031 | ||||||||||
| U.S. Treasury Note | 3.13 | 08/31/29 | 1,161,000 | 1,088,438 | ||||||||||
| U.S. Treasury Note | 3.25 | 06/30/29 | 860,000 | 812,297 | ||||||||||
| TOTAL GOVERNMENT OBLIGATIONS (Cost - $21,064,708) | 20,297,848 | |||||||||||||
| TOTAL INVESTMENTS – 98.9% (Cost - $21,064,708) | $ | 20,297,848 | ||||||||||||
| OTHER ASSETS LESS LIABILITIES – 1.1% | 234,108 | |||||||||||||
| NET ASSETS – 100.0% | $ | 20,531,956 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
124
BONDBLOXX ETF TRUST
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF
Portfolio of Investments
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| GOVERNMENT OBLIGATIONS – 99.3% | ||||||||||||||
| U.S. Treasury Bond | 3.25 | 05/15/42 | $ | 500,000 | $ | 423,008 | ||||||||
| U.S. Treasury Bond | 3.75 | 08/15/41 | 1,331,000 | 1,221,193 | ||||||||||
| U.S. Treasury Bond | 3.88 | 08/15/40 | 1,546,000 | 1,453,965 | ||||||||||
| U.S. Treasury Bond | 4.25 | 11/15/40 | 1,771,200 | 1,749,613 | ||||||||||
| U.S. Treasury Bond | 4.63 | 02/15/40 | 2,201,200 | 2,289,420 | ||||||||||
| U.S. Treasury Bond | 4.75 | 02/15/41 | 1,505,000 | 1,584,600 | ||||||||||
| U.S. Treasury Bond | 5.00 | 05/15/37 | 1,618,200 | 1,759,666 | ||||||||||
| U.S. Treasury Note | 0.63 | 08/15/30 | 2,150,000 | 1,661,547 | ||||||||||
| U.S. Treasury Note | 1.38 | 11/15/31 | 1,974,800 | 1,577,217 | ||||||||||
| U.S. Treasury Note | 1.50 | 02/15/30 | 950,000 | 796,070 | ||||||||||
| U.S. Treasury Note | 1.63 | 05/15/31 | 2,216,500 | 1,833,288 | ||||||||||
| U.S. Treasury Note | 1.75 | 11/15/29 | 1,290,000 | 1,108,090 | ||||||||||
| U.S. Treasury Note | 2.75 | 08/15/32 | 1,443,600 | 1,292,924 | ||||||||||
| U.S. Treasury Note | 2.88 | 05/15/32 | 1,290,000 | 1,169,768 | ||||||||||
| TOTAL GOVERNMENT OBLIGATIONS (Cost - $21,117,799) | 19,920,369 | |||||||||||||
| TOTAL INVESTMENTS – 99.3% (Cost - $21,117,799) | $ | 19,920,369 | ||||||||||||
| OTHER ASSETS LESS LIABILITIES – 0.7% | 146,633 | |||||||||||||
| NET ASSETS – 100.0% | $ | 20,067,002 | ||||||||||||
The accompanying notes are an integral part of these financial statements.
125
BONDBLOXX ETF TRUST
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF
Portfolio of Investments
October 31, 2022
| Face | ||||||||||||||
| Rate (%) | Maturity | Amount | Value | |||||||||||
| GOVERNMENT OBLIGATIONS – 98.7% | ||||||||||||||
| U.S. Treasury Bond | 1.25 | 05/15/50 | $ | 9,187,000 | $ | 4,736,329 | ||||||||
| U.S. Treasury Bond | 1.38 | 08/15/50 | 8,950,500 | 4,774,532 | ||||||||||
| U.S. Treasury Bond | 1.63 | 11/15/50 | 3,800,000 | 2,175,500 | ||||||||||
| U.S. Treasury Bond | 1.88 | 02/15/51 | 1,944,100 | 1,191,521 | ||||||||||
| U.S. Treasury Bond | 1.88 | 11/15/51 | 2,646,000 | 1,613,026 | ||||||||||
| U.S. Treasury Bond | 2.00 | 02/15/50 | 1,097,200 | 698,608 | ||||||||||
| U.S. Treasury Bond | 2.00 | 08/15/51 | 1,917,300 | 1,208,798 | ||||||||||
| U.S. Treasury Bond | 2.25 | 08/15/49 | 973,700 | 661,964 | ||||||||||
| U.S. Treasury Bond | 2.25 | 02/15/52 | 980,000 | 657,672 | ||||||||||
| U.S. Treasury Bond | 2.38 | 11/15/49 | 319,500 | 223,475 | ||||||||||
| U.S. Treasury Bond | 2.38 | 05/15/51 | 990,600 | 686,300 | ||||||||||
| U.S. Treasury Bond | 2.88 | 05/15/52 | 290,000 | 225,362 | ||||||||||
| U.S. Treasury Bond | 3.00 | 02/15/48 | 540,000 | 426,410 | ||||||||||
| U.S. Treasury Bond | 3.00 | 08/15/52 | 490,000 | 392,689 | ||||||||||
| U.S. Treasury Strip | ZCP | 11/15/47 | 1,400,000 | 473,708 | ||||||||||
| U.S. Treasury Strip | ZCP | 05/15/49 | 1,460,000 | 483,305 | ||||||||||
| U.S. Treasury Strip | ZCP | 11/15/50 | 1,515,000 | 473,164 | ||||||||||
| TOTAL GOVERNMENT OBLIGATIONS (Cost - $23,263,260) | 21,102,363 | |||||||||||||
| TOTAL INVESTMENTS – 98.7% (Cost - $23,263,260) | $ | 21,102,363 | ||||||||||||
| OTHER ASSETS LESS LIABILITIES – 1.3% | 285,393 | |||||||||||||
| NET ASSETS – 100.0% | $ | 21,387,756 | ||||||||||||
ZCP Indicates a zero coupon rate.
The accompanying notes are an integral part of these financial statements.
126
Statements of Assets and Liabilities
October 31, 2022
| 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 | $ | 3,512,716 | $ | 3,478,910 | $ | 8,138,762 | $ | 3,456,296 | $ | 7,457,647 | ||||||||||
| Cash | 109 | 128 | 238 | 68 | 220 | |||||||||||||||
| Receivable for investments sold | 51,651 | 40,597 | 861,136 | 121,337 | 500 | |||||||||||||||
| Interest income receivable | 58,597 | 59,964 | 130,207 | 53,074 | 122,658 | |||||||||||||||
| TOTAL ASSETS | 3,623,073 | 3,579,599 | 9,130,343 | 3,630,775 | 7,581,025 | |||||||||||||||
| LIABILITIES: | ||||||||||||||||||||
| Payable for investments purchased | 46,267 | 98,710 | 967,316 | 129,918 | 60,600 | |||||||||||||||
| Management fees payable | 2,080 | 2,025 | 3,963 | 2,035 | 4,351 | |||||||||||||||
| TOTAL LIABILITIES | 48,347 | 100,735 | 971,279 | 131,953 | 64,951 | |||||||||||||||
| NET ASSETS | $ | 3,574,726 | $ | 3,478,864 | $ | 8,159,064 | $ | 3,498,822 | $ | 7,516,074 | ||||||||||
| COMPONENTS OF NET ASSETS | ||||||||||||||||||||
| Paid-in capital | 3,994,799 | 3,965,380 | 9,413,370 | 3,988,437 | 7,892,225 | |||||||||||||||
| Total distributable earnings/(accumulated loss) | (420,073 | ) | (486,516 | ) | (1,254,306 | ) | (489,615 | ) | (376,151 | ) | ||||||||||
| NET ASSETS | $ | 3,574,726 | $ | 3,478,864 | $ | 8,159,064 | $ | 3,498,822 | $ | 7,516,074 | ||||||||||
| Shares outstanding | 100,000 | 100,000 | 250,000 | 100,000 | 202,500 | |||||||||||||||
| Net asset value, offering and redemption price per share | $ | 35.75 | $ | 34.79 | $ | 32.64 | $ | 34.99 | $ | 37.12 | ||||||||||
| Investment in securities, at cost | $ | 3,928,047 | $ | 3,967,814 | $ | 8,962,518 | $ | 3,905,156 | $ | 7,859,984 | ||||||||||
The accompanying notes are an integral part of these financial statements.
127
BONDBLOXX ETF TRUST
Statements of Assets and Liabilities (Continued)
October 31, 2022
| 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 | $ | 6,783,476 | $ | 5,284,592 | $ | 11,329,829 | $ | 42,034,134 | $ | 11,006,472 | ||||||||||
| Cash | 109 | 20 | 61 | 730 | - | |||||||||||||||
| Receivable for investments sold | 121,167 | - | 146,799 | 1,343,084 | 175,248 | |||||||||||||||
| Receivable for shares created | - | - | - | - | 34,626 | |||||||||||||||
| Interest income receivable | 123,636 | 74,608 | 201,708 | 604,758 | 291,905 | |||||||||||||||
| TOTAL ASSETS | 7,028,388 | 5,359,220 | 11,678,397 | 43,982,706 | 11,508,251 | |||||||||||||||
| LIABILITIES: | ||||||||||||||||||||
| Due to custodian | - | - | - | - | 190 | |||||||||||||||
| Payable for investments purchased | 98,975 | 7,474 | 155,915 | 1,586,475 | 252,980 | |||||||||||||||
| Interest income payable | - | - | - | 788 | - | |||||||||||||||
| Management fees payable | 4,060 | 3,118 | 5,733 | 14,113 | 6,147 | |||||||||||||||
| TOTAL LIABILITIES | 103,035 | 10,592 | 161,648 | 1,601,376 | 259,317 | |||||||||||||||
| NET ASSETS | $ | 6,925,353 | $ | 5,348,628 | $ | 11,516,749 | $ | 42,381,330 | $ | 11,248,934 | ||||||||||
| COMPONENTS OF NET ASSETS | ||||||||||||||||||||
| Paid-in capital | 7,741,045 | 5,961,470 | 11,900,274 | 44,217,930 | 11,811,201 | |||||||||||||||
| Total distributable earnings/(accumulated loss) | (815,692 | ) | (612,842 | ) | (383,525 | ) | (1,836,600 | ) | (562,267 | ) | ||||||||||
| NET ASSETS | $ | 6,925,353 | $ | 5,348,628 | $ | 11,516,749 | $ | 42,381,330 | $ | 11,248,934 | ||||||||||
| Shares outstanding | 200,000 | 150,000 | 300,000 | 1,100,000 | 300,000 | |||||||||||||||
| Net asset value, offering and redemption price per share | $ | 34.63 | $ | 35.66 | $ | 38.39 | $ | 38.53 | $ | 37.50 | ||||||||||
| Investment in securities, at cost | $ | 7,606,349 | $ | 5,881,509 | $ | 11,750,700 | $ | 43,930,867 | $ | 11,667,700 | ||||||||||
The accompanying notes are an integral part of these financial statements.
128
BONDBLOXX ETF TRUST
Statements of Assets and Liabilities (Continued)
October 31, 2022
| 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 | $ | 166,805,228 | $ | 49,950,330 | $ | 39,138,101 | $ | 36,265,996 | $ | 19,993,459 | ||||||||||
| Cash | 1,307 | 31,930 | 51,098 | 58,838 | 41,881 | |||||||||||||||
| Receivable for investments sold | 2,309,610 | 6,740,416 | 3,931,207 | 2,874,735 | 3,104,519 | |||||||||||||||
| Receivable for shares created | - | 2,504,845 | - | - | - | |||||||||||||||
| Interest income receivable | 2,119,153 | - | 62,256 | 175,677 | 52,602 | |||||||||||||||
| TOTAL ASSETS | 171,235,298 | 59,227,521 | 43,182,662 | 39,375,246 | 23,192,461 | |||||||||||||||
| LIABILITIES: | ||||||||||||||||||||
| Payable for investments purchased | 2,440,753 | 9,131,854 | 3,756,896 | 2,750,345 | 3,045,169 | |||||||||||||||
| Management fees payable | 83,297 | 1,056 | 1,377 | 2,225 | 1,248 | |||||||||||||||
| TOTAL LIABILITIES | 2,524,050 | 9,132,910 | 3,758,273 | 2,752,570 | 3,046,417 | |||||||||||||||
| NET ASSETS | $ | 168,711,248 | $ | 50,094,611 | $ | 39,424,389 | $ | 36,622,676 | $ | 20,146,044 | ||||||||||
| COMPONENTS OF NET ASSETS | ||||||||||||||||||||
| Paid-in capital | 177,106,675 | 50,046,404 | 39,471,361 | 36,889,007 | 20,407,929 | |||||||||||||||
| Total distributable earnings/(accumulated loss) | (8,395,427 | ) | 48,207 | (46,972 | ) | (266,331 | ) | (261,885 | ) | |||||||||||
| NET ASSETS | $ | 168,711,248 | $ | 50,094,611 | $ | 39,424,389 | $ | 36,622,676 | $ | 20,146,044 | ||||||||||
| Shares outstanding | 4,450,000 | 1,000,000 | 790,000 | 740,000 | 410,000 | |||||||||||||||
| Net asset value, offering and redemption price per share | $ | 37.91 | $ | 50.09 | $ | 49.90 | $ | 49.49 | $ | 49.14 | ||||||||||
| Investment in securities, at cost | $ | 175,870,357 | $ | 50,016,528 | $ | 39,337,746 | $ | 36,667,303 | $ | 20,281,636 | ||||||||||
The accompanying notes are an integral part of these financial statements.
129
BONDBLOXX ETF TRUST
Statements of Assets and Liabilities (Continued)
October 31, 2022
| 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 | $ | 20,149,132 | $ | 20,297,848 | $ | 19,920,369 | $ | 21,102,363 | ||||||||
| Cash | 66,442 | 27,879 | 15,254 | 63,800 | ||||||||||||
| Receivable for investments sold | 853,546 | 1,164,257 | 1,216,110 | 1,918,024 | ||||||||||||
| Interest income receivable | 67,479 | 139,723 | 210,693 | 185,177 | ||||||||||||
| TOTAL ASSETS | 21,136,599 | 21,629,707 | 21,362,426 | 23,269,364 | ||||||||||||
| LIABILITIES: | ||||||||||||||||
| Payable for investments purchased | 809,072 | 1,096,492 | 1,293,564 | 1,878,315 | ||||||||||||
| Management fees payable | 1,256 | 1,259 | 1,860 | 3,293 | ||||||||||||
| TOTAL LIABILITIES | 810,328 | 1,097,751 | 1,295,424 | 1,881,608 | ||||||||||||
| NET ASSETS | $ | 20,326,271 | $ | 20,531,956 | $ | 20,067,002 | $ | 21,387,756 | ||||||||
| COMPONENTS OF NET ASSETS | ||||||||||||||||
| Paid-in capital | 20,857,369 | 21,308,037 | 21,251,092 | 24,072,128 | ||||||||||||
| Total distributable earnings/(accumulated loss) | (531,098 | ) | (776,081 | ) | (1,184,090 | ) | (2,684,372 | ) | ||||||||
| NET ASSETS | $ | 20,326,271 | $ | 20,531,956 | $ | 20,067,002 | $ | 21,387,756 | ||||||||
| Shares outstanding | 420,000 | 430,000 | 430,000 | 490,000 | ||||||||||||
| Net asset value, offering and redemption price per share | $ | 48.40 | $ | 47.75 | $ | 46.67 | $ | 43.65 | ||||||||
| Investment in securities, at cost | $ | 20,732,850 | $ | 21,064,708 | $ | 21,117,799 | $ | 23,263,260 | ||||||||
The accompanying notes are an integral part of these financial statements.
130
Statements of Operations
For the Period Ended October 31, 2022
| BondBloxx USD High Yield Bond Industrial Sector ETF(1) | BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF(1) | BondBloxx USD High Yield Bond Healthcare Sector ETF(1) | BondBloxx USD High Yield Bond Financial & REIT Sector ETF(1) | BondBloxx USD High Yield Bond Energy Sector ETF(1) | ||||||||||||||||
| INVESTMENT INCOME: | ||||||||||||||||||||
| Interest income | $ | 223,709 | $ | 163,185 | $ | 306,702 | $ | 210,991 | $ | 304,934 | ||||||||||
| Total income | 223,709 | 163,185 | 306,702 | 210,991 | 304,934 | |||||||||||||||
| EXPENSES: | ||||||||||||||||||||
| Management fees | 12,587 | 9,092 | 15,928 | 12,465 | 16,738 | |||||||||||||||
| Other expenses | - | - | 12 | - | - | |||||||||||||||
| Total Expenses | 12,587 | 9,092 | 15,940 | 12,465 | 16,738 | |||||||||||||||
| NET INVESTMENT INCOME/(LOSS) | 211,122 | 154,093 | 290,762 | 198,526 | 288,196 | |||||||||||||||
| NET REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||||||||||||||
| Net realized gain/(loss) on: | ||||||||||||||||||||
| Investments in securities | (157,974 | ) | (16,556 | ) | (494,318 | ) | (218,621 | ) | (14,475 | ) | ||||||||||
| Net realized gain/(loss) | (157,974 | ) | (16,556 | ) | (494,318 | ) | (218,621 | ) | (14,475 | ) | ||||||||||
| Change in unrealized appreciation/(depreciation) on: | ||||||||||||||||||||
| Investments in securities | (415,331 | ) | (488,904 | ) | (823,756 | ) | (448,860 | ) | (402,337 | ) | ||||||||||
| Change in unrealized appreciation/(depreciation) | (415,331 | ) | (488,904 | ) | (823,756 | ) | (448,860 | ) | (402,337 | ) | ||||||||||
| Net Realized and Unrealized Gain/(Loss) on Investments | (573,305 | ) | (505,460 | ) | (1,318,074 | ) | (667,481 | ) | (416,812 | ) | ||||||||||
| Net Increase/(Decrease) in Net Assets Resulting from Operations | $ | (362,183 | ) | $ | (351,367 | ) | $ | (1,027,312 | ) | $ | (468,955 | ) | $ | (128,616 | ) | |||||
| (1) | Funds commenced operations on February 15, 2022. |
The accompanying notes are an integral part of these financial statements.
131
BONDBLOXX ETF TRUST
Statements of Operations (Continued)
For the Period Ended October 31, 2022
| BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF(1) | BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF(1) | BondBloxx B Rated USD High Yield Corporate Bond ETF(2) | BondBloxx BB Rated USD High Yield Corporate Bond ETF(2) | BondBloxx CCC Rated USD High Yield Corporate Bond ETF(2) | ||||||||||||||||
| INVESTMENT INCOME: | ||||||||||||||||||||
| Interest income | $ | 289,938 | $ | 226,389 | $ | 454,445 | $ | 1,153,701 | $ | 489,894 | ||||||||||
| Total income | 289,938 | 226,389 | 454,445 | 1,153,701 | 489,894 | |||||||||||||||
| EXPENSES: | ||||||||||||||||||||
| Management fees | 15,844 | 13,613 | 16,686 | 37,036 | 16,358 | |||||||||||||||
| Other expenses | - | 7 | 18 | 53 | - | |||||||||||||||
| Total Expenses | 15,844 | 13,620 | 16,704 | 37,089 | 16,358 | |||||||||||||||
| NET INVESTMENT INCOME/(LOSS) | 274,094 | 212,769 | 437,741 | 1,116,612 | 473,536 | |||||||||||||||
| NET REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||||||||||||||
| Net realized gain/(loss) on: | ||||||||||||||||||||
| Investments in securities | (32,565 | ) | (41,479 | ) | (135,771 | ) | (165,061 | ) | 24,514 | |||||||||||
| Net realized gain/(loss) | (32,565 | ) | (41,479 | ) | (135,771 | ) | (165,061 | ) | 24,514 | |||||||||||
| Change in unrealized appreciation/(depreciation) on: | ||||||||||||||||||||
| Investments in securities | (822,873 | ) | (596,917 | ) | (420,871 | ) | (1,896,733 | ) | (661,228 | ) | ||||||||||
| Change in unrealized appreciation/(depreciation) | (822,873 | ) | (596,917 | ) | (420,871 | ) | (1,896,733 | ) | (661,228 | ) | ||||||||||
| Net Realized and Unrealized Gain/(Loss) on Investments | (855,438 | ) | (638,396 | ) | (556,642 | ) | (2,061,794 | ) | (636,714 | ) | ||||||||||
| Net Increase/(Decrease) in Net Assets Resulting from Operations | $ | (581,344 | ) | $ | (425,627 | ) | $ | (118,901 | ) | $ | (945,182 | ) | $ | (163,178 | ) | |||||
| (1) | Funds commenced operations on February 15, 2022. |
| (2) | Funds commenced operations on May 24, 2022. |
The accompanying notes are an integral part of these financial statements.
132
BONDBLOXX ETF TRUST
Statements of Operations (Continued)
For the Period Ended October 31, 2022
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF(3) | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF(4) | BondBloxx Bloomberg One Year Target Duration US Treasury ETF(4) | BondBloxx Bloomberg Two Year Target Duration US Treasury ETF(4) | BondBloxx Bloomberg Three Year Target Duration US Treasury ETF(4) | ||||||||||||||||
| INVESTMENT INCOME: | ||||||||||||||||||||
| Interest income | $ | 3,783,269 | $ | 125,153 | $ | 176,919 | $ | 168,489 | $ | 100,749 | ||||||||||
| Total income | 3,783,269 | 125,153 | 176,919 | 168,489 | 100,749 | |||||||||||||||
| EXPENSES: | ||||||||||||||||||||
| Management fees | 171,834 | 1,056 | 1,377 | 2,225 | 1,248 | |||||||||||||||
| Total Expenses | 171,834 | 1,056 | 1,377 | 2,225 | 1,248 | |||||||||||||||
| NET INVESTMENT INCOME/(LOSS) | 3,611,435 | 124,097 | 175,542 | 166,264 | 99,501 | |||||||||||||||
| NET REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||||||||||||||
| Net realized gain/(loss) on: | ||||||||||||||||||||
| Investments in securities | (279,512 | ) | (9,692 | ) | (22,869 | ) | (31,288 | ) | (73,209 | ) | ||||||||||
| Net realized gain/(loss) | (279,512 | ) | (9,692 | ) | (22,869 | ) | (31,288 | ) | (73,209 | ) | ||||||||||
| Change in unrealized appreciation/(depreciation) on: | ||||||||||||||||||||
| Investments in securities | (9,065,129 | ) | (66,198 | ) | (199,645 | ) | (401,307 | ) | (288,177 | ) | ||||||||||
| Foreign currency transactions | (8 | ) | - | - | - | - | ||||||||||||||
| Change in unrealized appreciation/(depreciation) | (9,065,137 | ) | (66,198 | ) | (199,645 | ) | (401,307 | ) | (288,177 | ) | ||||||||||
| Net Realized and Unrealized Gain/(Loss) on Investments | (9,344,649 | ) | (75,890 | ) | (222,514 | ) | (432,595 | ) | (361,386 | ) | ||||||||||
| Net Increase/(Decrease) in Net Assets Resulting from Operations | $ | (5,733,214 | ) | $ | 48,207 | $ | (46,972 | ) | $ | (266,331 | ) | $ | (261,885 | ) | ||||||
| (3) | Fund commenced operations on June 28, 2022. |
| (4) | Funds commenced operations on September 13, 2022. |
The accompanying notes are an integral part of these financial statements.
133
BONDBLOXX ETF TRUST
Statements of Operations (Continued)
For the Period Ended October 31, 2022
| BondBloxx Bloomberg Five Year Target Duration US Treasury ETF(4) | BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF(4) | BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF(4) | BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF(4) | |||||||||||||
| INVESTMENT INCOME: | ||||||||||||||||
| Interest income | $ | 88,931 | $ | 88,136 | $ | 87,128 | $ | 96,478 | ||||||||
| Total income | 88,931 | 88,136 | 87,128 | 96,478 | ||||||||||||
| EXPENSES: | ||||||||||||||||
| Management fees | 1,256 | 1,259 | 1,861 | 3,293 | ||||||||||||
| Other expenses | - | - | - | 3 | ||||||||||||
| Total Expenses | 1,256 | 1,259 | 1,861 | 3,296 | ||||||||||||
| NET INVESTMENT INCOME/(LOSS) | 87,675 | 86,877 | 85,267 | 93,182 | ||||||||||||
| NET REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS: | ||||||||||||||||
| Net realized gain/(loss) on: | ||||||||||||||||
| Investments in securities | (35,055 | ) | (96,098 | ) | (71,927 | ) | (616,657 | ) | ||||||||
| Net realized gain/(loss) | (35,055 | ) | (96,098 | ) | (71,927 | ) | (616,657 | ) | ||||||||
| Change in unrealized appreciation/(depreciation) on: | ||||||||||||||||
| Investments in securities | (583,718 | ) | (766,860 | ) | (1,197,430 | ) | (2,160,897 | ) | ||||||||
| Change in unrealized appreciation/(depreciation) | (583,718 | ) | (766,860 | ) | (1,197,430 | ) | (2,160,897 | ) | ||||||||
| Net Realized and Unrealized Gain/(Loss) on Investments | (618,773 | ) | (862,958 | ) | (1,269,357 | ) | (2,777,554 | ) | ||||||||
| Net Increase/(Decrease) in Net Assets Resulting from Operations | $ | (531,098 | ) | $ | (776,081 | ) | $ | (1,184,090 | ) | $ | (2,684,372 | ) | ||||
| (4) | Funds commenced operations on September 13, 2022. |
The accompanying notes are an integral part of these financial statements.
134
Statements of Changes in Net Assets
For the Period Ended October 31, 2022
| BondBloxx USD High Yield Bond Industrial Sector ETF(1) | BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF(1) | BondBloxx USD High Yield Bond Healthcare Sector ETF(1) | BondBloxx USD High Yield Bond Financial & REIT Sector ETF(1) | BondBloxx USD High Yield Bond Energy Sector ETF(1) | ||||||||||||||||
| OPERATIONS: | ||||||||||||||||||||
| Net investment income/(loss) | $ | 211,122 | $ | 154,093 | $ | 290,762 | $ | 198,526 | $ | 288,196 | ||||||||||
| Net realized gain/(loss) on investments | (157,974 | ) | (16,556 | ) | (494,318 | ) | (218,621 | ) | (14,475 | ) | ||||||||||
| Net change in unrealized appreciation/(depreciation) on investments | (415,331 | ) | (488,904 | ) | (823,756 | ) | (448,860 | ) | (402,337 | ) | ||||||||||
| Net increase/(decrease) in net assets resulting from operations | (362,183 | ) | (351,367 | ) | (1,027,312 | ) | (468,955 | ) | (128,616 | ) | ||||||||||
| DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||||||
| Distributions from distributable earnings | (192,726 | ) | (135,149 | ) | (226,994 | ) | (180,578 | ) | (247,535 | ) | ||||||||||
| CAPITAL TRANSACTIONS: | ||||||||||||||||||||
| Proceeds from shares sold | 11,592,075 | 7,628,270 | 14,908,080 | 7,829,930 | 11,658,325 | |||||||||||||||
| Cost of shares redeemed | (7,462,440 | ) | (3,662,890 | ) | (5,494,710 | ) | (3,681,575 | ) | (3,866,100 | ) | ||||||||||
| Net increase/(decrease) in net assets from capital transactions | 4,129,635 | 3,965,380 | 9,413,370 | 4,148,355 | 7,792,225 | |||||||||||||||
| Increase/(decrease) in net assets | 3,574,726 | 3,478,864 | 8,159,064 | 3,498,822 | 7,416,074 | |||||||||||||||
| NET ASSETS: | ||||||||||||||||||||
| Beginning of year | - | - | - | - | 100,000 | (2) | ||||||||||||||
| End of year | $ | 3,574,726 | $ | 3,478,864 | $ | 8,159,064 | $ | 3,498,822 | $ | 7,516,074 | ||||||||||
| CHANGES IN SHARES OUTSTANDING: | ||||||||||||||||||||
| Shares outstanding, beginning of year | - | - | - | - | 2,500 | (2) | ||||||||||||||
| Shares sold | 300,000 | 200,000 | 400,000 | 200,000 | 300,000 | |||||||||||||||
| Shares redeemed | (200,000 | ) | (100,000 | ) | (150,000 | ) | (100,000 | ) | (100,000 | ) | ||||||||||
| Shares outstanding, end of year | 100,000 | 100,000 | 250,000 | 100,000 | 202,500 | |||||||||||||||
| (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.
135
BONDBLOXX ETF TRUST
Statements of Changes in Net Assets (Continued)
For the Period Ended October 31, 2022
| BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF(1) | BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF(1) | BondBloxx B Rated USD High Yield Corporate Bond ETF(3) | BondBloxx BB Rated USD High Yield Corporate Bond ETF(3) | BondBloxx CCC Rated USD High Yield Corporate Bond ETF(3) | ||||||||||||||||
| OPERATIONS: | ||||||||||||||||||||
| Net investment income/(loss) | $ | 274,094 | $ | 212,769 | $ | 437,741 | $ | 1,116,612 | $ | 473,536 | ||||||||||
| Net realized gain/(loss) on investments | (32,565 | ) | (41,479 | ) | (135,771 | ) | (165,061 | ) | 24,514 | |||||||||||
| Net change in unrealized appreciation/(depreciation) on investments | (822,873 | ) | (596,917 | ) | (420,871 | ) | (1,896,733 | ) | (661,228 | ) | ||||||||||
| Net increase/(decrease) in net assets resulting from operations | (581,344 | ) | (425,627 | ) | (118,901 | ) | (945,182 | ) | (163,178 | ) | ||||||||||
| DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||||||
| Distributions from distributable earnings | (234,348 | ) | (187,215 | ) | (357,380 | ) | (891,418 | ) | (351,099 | ) | ||||||||||
| CAPITAL TRANSACTIONS: | ||||||||||||||||||||
| Proceeds from shares sold | 11,458,995 | 9,715,390 | 13,978,525 | 44,217,930 | 13,761,276 | |||||||||||||||
| Cost of shares redeemed | (3,717,950 | ) | (3,753,920 | ) | (1,985,495 | ) | - | (1,998,065 | ) | |||||||||||
| Net increase/(decrease) in net assets from capital transactions | 7,741,045 | 5,961,470 | 11,993,030 | 44,217,930 | 11,763,211 | |||||||||||||||
| Increase/(decrease) in net assets | 6,925,353 | 5,348,628 | 11,516,749 | 42,381,330 | 11,248,934 | |||||||||||||||
| NET ASSETS: | ||||||||||||||||||||
| Beginning of year | - | - | - | - | - | |||||||||||||||
| End of year | $ | 6,925,353 | $ | 5,348,628 | $ | 11,516,749 | $ | 42,381,330 | $ | 11,248,934 | ||||||||||
| CHANGES IN SHARES OUTSTANDING: | ||||||||||||||||||||
| Shares outstanding, beginning of year | - | - | - | - | - | |||||||||||||||
| Shares sold | 300,000 | 250,000 | 350,000 | 1,100,000 | 350,000 | |||||||||||||||
| Shares redeemed | (100,000 | ) | (100,000 | ) | (50,000 | ) | - | (50,000 | ) | |||||||||||
| Shares outstanding, end of year | 200,000 | 150,000 | 300,000 | 1,100,000 | 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.
136
BONDBLOXX ETF TRUST
Statements of Changes in Net Assets (Continued)
For the Period Ended October 31, 2022
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF(4) | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF(5) | BondBloxx Bloomberg One Year Target Duration US Treasury ETF(5) | BondBloxx Bloomberg Two Year Target Duration US Treasury ETF(5) | BondBloxx Bloomberg Three Year Target Duration US Treasury ETF(5) | ||||||||||||||||
| OPERATIONS: | ||||||||||||||||||||
| Net investment income/(loss) | $ | 3,611,435 | $ | 124,097 | $ | 175,542 | $ | 166,264 | $ | 99,501 | ||||||||||
| Net realized gain/(loss) on investments | (279,512 | ) | (9,692 | ) | (22,869 | ) | (31,288 | ) | (73,209 | ) | ||||||||||
| Net change in unrealized appreciation/(depreciation) on investments | (9,065,137 | ) | (66,198 | ) | (199,645 | ) | (401,307 | ) | (288,177 | ) | ||||||||||
| Net increase/(decrease) in net assets resulting from operations | (5,733,214 | ) | 48,207 | (46,972 | ) | (266,331 | ) | (261,885 | ) | |||||||||||
| DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||||||
| Distributions from distributable earnings | (2,662,213 | ) | - | - | - | - | ||||||||||||||
| CAPITAL TRANSACTIONS: | ||||||||||||||||||||
| Proceeds from shares sold | 177,106,675 | 50,046,404 | 39,471,361 | 36,889,007 | 20,407,929 | |||||||||||||||
| Net increase/(decrease) in net assets from capital transactions | 177,106,675 | 50,046,404 | 39,471,361 | 36,889,007 | 20,407,929 | |||||||||||||||
| Increase/(decrease) in net assets | 168,711,248 | 50,094,611 | 39,424,389 | 36,622,676 | 20,146,044 | |||||||||||||||
| NET ASSETS: | ||||||||||||||||||||
| Beginning of year | - | - | - | - | - | |||||||||||||||
| End of year | $ | 168,711,248 | $ | 50,094,611 | $ | 39,424,389 | $ | 36,622,676 | $ | 20,146,044 | ||||||||||
| CHANGES IN SHARES OUTSTANDING: | ||||||||||||||||||||
| Shares outstanding, beginning of year | - | - | - | - | - | |||||||||||||||
| Shares sold | 4,450,000 | 1,000,000 | 790,000 | 740,000 | 410,000 | |||||||||||||||
| Shares redeemed | - | - | - | - | - | |||||||||||||||
| Shares outstanding, end of year | 4,450,000 | 1,000,000 | 790,000 | 740,000 | 410,000 | |||||||||||||||
| (4) | Fund commenced operations on June 28, 2022. |
| (5) | Funds commenced operations on September 13, 2022. |
The accompanying notes are an integral part of these financial statements.
137
BONDBLOXX ETF TRUST
Statements of Changes in Net Assets (Continued)
For the Period Ended October 31, 2022
| BondBloxx Bloomberg Five Year Target Duration US Treasury ETF(5) | BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF(5) | BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF(5) | BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF(5) | |||||||||||||
| OPERATIONS: | ||||||||||||||||
| Net investment income/(loss) | $ | 87,675 | $ | 86,877 | $ | 85,267 | $ | 93,182 | ||||||||
| Net realized gain/(loss) on investments | (35,055 | ) | (96,098 | ) | (71,927 | ) | (616,657 | ) | ||||||||
| Net change in unrealized appreciation/(depreciation) on investments | (583,718 | ) | (766,860 | ) | (1,197,430 | ) | (2,160,897 | ) | ||||||||
| Net increase/(decrease) in net assets resulting from operations | (531,098 | ) | (776,081 | ) | (1,184,090 | ) | (2,684,372 | ) | ||||||||
| DISTRIBUTIONS TO SHAREHOLDERS: | ||||||||||||||||
| Distributions from distributable earnings | - | - | - | - | ||||||||||||
| CAPITAL TRANSACTIONS: | ||||||||||||||||
| Proceeds from shares sold | 20,857,369 | 21,308,037 | 21,251,092 | 24,072,128 | ||||||||||||
| Net increase/(decrease) in net assets from capital transactions | 20,857,369 | 21,308,037 | 21,251,092 | 24,072,128 | ||||||||||||
| Increase/(decrease) in net assets | 20,326,271 | 20,531,956 | 20,067,002 | 21,387,756 | ||||||||||||
| NET ASSETS: | ||||||||||||||||
| Beginning of year | - | - | - | - | ||||||||||||
| End of year | $ | 20,326,271 | $ | 20,531,956 | $ | 20,067,002 | $ | 21,387,756 | ||||||||
| CHANGES IN SHARES OUTSTANDING: | ||||||||||||||||
| Shares outstanding, beginning of year | - | - | - | - | ||||||||||||
| Shares sold | 420,000 | 430,000 | 430,000 | 490,000 | ||||||||||||
| Shares redeemed | - | - | - | - | ||||||||||||
| Shares outstanding, end of year | 420,000 | 430,000 | 430,000 | 490,000 | ||||||||||||
| (5) | Funds commenced operations on September 13, 2022. |
The accompanying notes are an integral part of these financial statements.
138
Financial Highlights
For the Period Ended October 31, 2022
For a share outstanding throughout the period presented.
| BondBloxx USD High Yield Bond Industrial Sector ETF(1) | BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF(1) | BondBloxx USD High Yield Bond Healthcare Sector ETF(1) | BondBloxx USD High Yield Bond Financial & REIT Sector ETF(1) | BondBloxx USD High Yield Bond Energy Sector ETF(1) | ||||||||||||||||
| Net Asset Value, beginning of period | $ | 39.89 | $ | 39.65 | $ | 39.84 | $ | 39.74 | $ | 39.62 | ||||||||||
| Income/(loss) from operations: | ||||||||||||||||||||
| Net investment income/(loss)(2) | 1.55 | 1.54 | 1.62 | 1.46 | 1.62 | |||||||||||||||
| Net realized and unrealized gain/(loss) on investments | (4.25 | ) | (5.05 | ) | (7.58 | ) | (4.86 | ) | (2.74 | ) | ||||||||||
| Total income/(loss) from operations | (2.70 | ) | (3.51 | ) | (5.96 | ) | (3.40 | ) | (1.12 | ) | ||||||||||
| Distributions to shareholders: | ||||||||||||||||||||
| Net investment income | (1.44 | ) | (1.35 | ) | (1.24 | ) | (1.35 | ) | (1.38 | ) | ||||||||||
| Total distributions | (1.44 | ) | (1.35 | ) | (1.24 | ) | (1.35 | ) | (1.38 | ) | ||||||||||
| Net Asset Value, end of period | $ | 35.75 | $ | 34.79 | $ | 32.64 | $ | 34.99 | $ | 37.12 | ||||||||||
| Market Value, end of period | $ | 35.71 | $ | 34.73 | $ | 32.52 | $ | 34.99 | $ | 36.97 | ||||||||||
| Total Return at Net Asset Value(3) | (6.81 | )% | (8.96 | )% | (15.19 | )% | (8.65 | )% | (2.84 | )% | ||||||||||
| Total Return at Market Value(4) | (6.88 | )% | (9.03 | )% | (15.47 | )% | (8.72 | )% | (3.19 | )% | ||||||||||
| Net Assets, end of period (millions) | $ | 3.6 | $ | 3.5 | $ | 8.2 | $ | 3.5 | $ | 7.5 | ||||||||||
| Ratios to average net assets: | ||||||||||||||||||||
| Expenses(5) | 0.35 | % | 0.35 | % | 0.35 | % | 0.35 | % | 0.35 | % | ||||||||||
| Net investment income/(loss)(5,6) | 5.87 | % | 5.93 | % | 6.39 | % | 5.57 | % | 6.03 | % | ||||||||||
| Portfolio turnover rate(7) | 9 | % | 13 | % | 37 | % | 21 | % | 21 | % | ||||||||||
| (1) | The Funds commenced operations on February 15, 2022. Shares of XHYI, XHYT, XHYH, XHYF and XHYE 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.
139
BONDBLOXX ETF TRUST
Financial Highlights (Continued)
For the Period Ended October 31, 2022
For a share outstanding throughout the period presented.
| BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF(1) | BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF(1) | BondBloxx B Rated USD High Yield Corporate Bond ETF(8) | BondBloxx BB Rated USD High Yield Corporate Bond ETF(8) | BondBloxx CCC Rated USD High Yield Corporate Bond ETF(8) | ||||||||||||||||
| Net Asset Value, beginning of period | $ | 39.87 | $ | 39.80 | $ | 40.08 | $ | 40.17 | $ | 40.00 | ||||||||||
| Income/(loss) from operations: | ||||||||||||||||||||
| Net investment income/(loss)(2) | 1.57 | 1.44 | 1.35 | 1.04 | 1.99 | |||||||||||||||
| Net realized and unrealized gain/(loss) on investments | (5.49 | ) | (4.33 | ) | (1.94 | ) | (1.87 | ) | (3.01 | ) | ||||||||||
| Total income/(loss) from operations | (3.92 | ) | (2.89 | ) | (0.59 | ) | (0.83 | ) | (1.02 | ) | ||||||||||
| Distributions to shareholders: | ||||||||||||||||||||
| Net investment income | (1.32 | ) | (1.25 | ) | (1.10 | ) | (0.81 | ) | (1.48 | ) | ||||||||||
| Total distributions | (1.32 | ) | (1.25 | ) | (1.10 | ) | (0.81 | ) | (1.48 | ) | ||||||||||
| Net Asset Value, end of period | $ | 34.63 | $ | 35.66 | $ | 38.39 | $ | 38.53 | $ | 37.50 | ||||||||||
| Market Value, end of period | $ | 34.45 | $ | 35.62 | $ | 38.33 | $ | 38.47 | $ | 37.45 | ||||||||||
| Total Return at Net Asset Value(3) | (9.96 | )% | (7.32 | )% | (1.45 | )% | (2.07 | )% | (2.59 | )% | ||||||||||
| Total Return at Market Value(4) | (10.54 | )% | (7.55 | )% | (5.16 | )% | (5.57 | )% | (5.63 | )% | ||||||||||
| Net Assets, end of period (millions) | $ | 6.9 | $ | 5.3 | $ | 11.5 | $ | 42.4 | $ | 11.2 | ||||||||||
| Ratios to average net assets: | ||||||||||||||||||||
| Expenses(5) | 0.35 | % | 0.35 | % | 0.30 | % | 0.20 | % | 0.40 | % | ||||||||||
| Net investment income/(loss)(5,6) | 6.05 | % | 5.47 | % | 7.87 | % | 6.03 | % | 11.58 | % | ||||||||||
| Portfolio turnover rate(7) | 12 | % | 25 | % | 8 | % | 13 | % | 12 | % | ||||||||||
| (1) | The Funds commenced operations on February 15, 2022. Shares of XHYC and 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. |
| (8) | The Funds commenced operations on May 24, 2022. Shares of XB, 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.
140
BONDBLOXX ETF TRUST
Financial Highlights (Continued)
For the Period Ended October 31, 2022
For a share outstanding throughout the period presented.
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF(9) | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF(10) | BondBloxx Bloomberg One Year Target Duration US Treasury ETF(10) | BondBloxx Bloomberg Two Year Target Duration US Treasury ETF(10) | BondBloxx Bloomberg Three Year Target Duration US Treasury ETF(10) | ||||||||||||||||
| Net Asset Value, beginning of period | $ | 40.00 | $ | 50.00 | $ | 50.00 | $ | 49.94 | $ | 49.86 | ||||||||||
| Income/(loss) from operations: | ||||||||||||||||||||
| Net investment income/(loss)(2) | 0.83 | 0.25 | 0.27 | 0.26 | 0.28 | |||||||||||||||
| Net realized and unrealized gain/(loss) on investments | (2.32 | ) | (0.16 | ) | (0.37 | ) | (0.71 | ) | (1.00 | ) | ||||||||||
| Total income/(loss) from operations | (1.49 | ) | 0.09 | (0.10 | ) | (0.45 | ) | (0.72 | ) | |||||||||||
| Distributions to shareholders: | ||||||||||||||||||||
| Net investment income | (0.60 | ) | - | - | - | - | ||||||||||||||
| Total distributions | (0.60 | ) | - | - | - | - | ||||||||||||||
| Net Asset Value, end of period | $ | 37.91 | $ | 50.09 | $ | 49.90 | $ | 49.49 | $ | 49.14 | ||||||||||
| Market Value, end of period | $ | 37.67 | $ | 50.13 | $ | 49.91 | $ | 49.48 | $ | 49.12 | ||||||||||
| Total Return at Net Asset Value(3) | (3.78 | )% | 0.18 | % | (0.20 | )% | (0.90 | )% | (1.44 | )% | ||||||||||
| Total Return at Market Value(4) | (4.32 | )% | 0.22 | % | (0.14 | )% | (0.74 | )% | (1.25 | )% | ||||||||||
| Net Assets, end of period (millions) | $ | 168.7 | $ | 50.1 | $ | 39.4 | $ | 36.6 | $ | 20.1 | ||||||||||
| Ratios to average net assets: | ||||||||||||||||||||
| Expenses(5) | 0.29 | % | 0.03 | % | 0.03 | % | 0.05 | % | 0.05 | % | ||||||||||
| Net investment income/(loss)(5,6) | 6.09 | % | 3.53 | % | 3.83 | % | 3.74 | % | 3.99 | % | ||||||||||
| Portfolio turnover rate(7) | 9 | % | 24 | % | 19 | % | 12 | % | 20 | % | ||||||||||
| (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 June 28, 2022. Shares of XEMD were listed on the Cboe BZX, Inc. on June 30, 2022. |
| (10) | The Funds commenced operations on September 13, 2022. Shares of XHLF, XONE, XTWO and XTRE were listed on the NYSE Arca, Inc. on September 15, 2022. |
The accompanying notes are an integral part of these financial statements.
141
BONDBLOXX ETF TRUST
Financial Highlights (Continued)
For the Period Ended October 31, 2022
For a share outstanding throughout the period presented.
| BondBloxx Bloomberg Five Year Target Duration US Treasury ETF(10) | BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF(10) | BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF(10) | BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF(10) | |||||||||||||
| Net Asset Value, beginning of period | $ | 49.77 | $ | 49.70 | $ | 49.74 | $ | 49.78 | ||||||||
| Income/(loss) from operations: | ||||||||||||||||
| Net investment income/(loss)(2) | 0.24 | 0.23 | 0.23 | 0.23 | ||||||||||||
| Net realized and unrealized gain/(loss) on investments | (1.61 | ) | (2.18 | ) | (3.30 | ) | (6.36 | ) | ||||||||
| Total income/(loss) from operations | (1.37 | ) | (1.95 | ) | (3.07 | ) | (6.13 | ) | ||||||||
| Distributions to shareholders: | ||||||||||||||||
| Net investment income | - | - | - | - | ||||||||||||
| Total distributions | - | - | - | - | ||||||||||||
| Net Asset Value, end of period | $ | 48.40 | $ | 47.75 | $ | 46.67 | $ | 43.65 | ||||||||
| Market Value, end of period | $ | 48.36 | $ | 47.68 | $ | 46.60 | $ | 43.62 | ||||||||
| Total Return at Net Asset Value(3) | (2.75 | )% | (3.92 | )% | (6.17 | )% | (12.31 | )% | ||||||||
| Total Return at Market Value(4) | (2.50 | )% | (3.75 | )% | (6.03 | )% | (12.66 | )% | ||||||||
| Net Assets, end of period (millions) | $ | 20.3 | $ | 20.5 | $ | 20.1 | $ | 21.4 | ||||||||
| Ratios to average net assets: | ||||||||||||||||
| Expenses(5) | 0.05 | % | 0.05 | % | 0.075 | % | 0.125 | % | ||||||||
| Net investment income/(loss)(5,6) | 3.49 | % | 3.45 | % | 3.44 | % | 3.54 | % | ||||||||
| Portfolio turnover rate(7) | 8 | % | 19 | % | 12 | % | 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. |
| (10) | The Funds commenced operations on September 13, 2022. Shares of XFIV, XSVN, XTEN and XTWY were listed on the NYSE Arca, Inc. on September 15, 2022. |
The accompanying notes are an integral part of these financial statements.
142
Notes to the Financial Statements
October 31, 2022
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 |
143
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
| 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 and settlement dates on securities transactions and the difference between the recorded amounts of dividends, interest,
144
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
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 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 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
145
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
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 October 31, 2022:
BondBloxx USD High Yield Bond Industrial Sector ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Corporate Bonds | $ | - | $ | 3,454,290 | $ | - | $ | 3,454,290 | ||||||||
| Time Deposits | - | 58,426 | - | 58,426 | ||||||||||||
| Total Investments | $ | - | $ | 3,512,716 | $ | - | $ | 3,512,716 | ||||||||
BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Corporate Bonds | $ | - | $ | 3,413,321 | $ | - | $ | 3,413,321 | ||||||||
| Time Deposits | - | 65,589 | - | 65,589 | ||||||||||||
| Total Investments | $ | - | $ | 3,478,910 | $ | - | $ | 3,478,910 | ||||||||
BondBloxx USD High Yield Bond Healthcare Sector ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Corporate Bonds | $ | - | $ | 7,968,947 | $ | - | $ | 7,968,947 | ||||||||
| Time Deposits | - | 169,815 | - | 169,815 | ||||||||||||
| Total Investments | $ | - | $ | 8,138,762 | $ | - | $ | 8,138,762 | ||||||||
146
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
BondBloxx USD High Yield Bond Financial & REIT Sector ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Corporate Bonds | $ | - | $ | 3,421,457 | $ | - | $ | 3,421,457 | ||||||||
| Time Deposits | - | 34,839 | - | 34,839 | ||||||||||||
| Total Investments | $ | - | $ | 3,456,296 | $ | - | $ | 3,456,296 | ||||||||
BondBloxx USD High Yield Bond Energy Sector ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Corporate Bonds | $ | - | $ | 7,328,711 | $ | - | $ | 7,328,711 | ||||||||
| Time Deposits | - | 128,936 | - | 128,936 | ||||||||||||
| Total Investments | $ | - | $ | 7,457,647 | $ | - | $ | 7,457,647 | ||||||||
BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Corporate Bonds | $ | - | $ | 6,661,361 | $ | - | $ | 6,661,361 | ||||||||
| Government Obligations | - | 74,562 | - | 74,562 | ||||||||||||
| Time Deposits | - | 47,553 | - | 47,553 | ||||||||||||
| Total Investments | $ | - | $ | 6,783,476 | $ | - | $ | 6,783,476 | ||||||||
BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Corporate Bonds | $ | - | $ | 5,268,764 | $ | - | $ | 5,268,764 | ||||||||
| Time Deposits | - | 15,828 | - | 15,828 | ||||||||||||
| Total Investments | $ | - | $ | 5,284,592 | $ | - | $ | 5,284,592 | ||||||||
BondBloxx B Rated USD High Yield Corporate Bond ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Corporate Bonds | $ | - | $ | 11,274,142 | $ | - | $ | 11,274,142 | ||||||||
| Time Deposits | - | 55,687 | - | 55,687 | ||||||||||||
| Total Investments | $ | - | $ | 11,329,829 | $ | - | $ | 11,329,829 | ||||||||
BondBloxx BB Rated USD High Yield Corporate Bond ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Corporate Bonds | $ | - | $ | 41,579,579 | $ | - | $ | 41,579,579 | ||||||||
| Time Deposits | - | 454,555 | - | 454,555 | ||||||||||||
| Total Investments | $ | - | $ | 42,034,134 | $ | - | $ | 42,034,134 | ||||||||
BondBloxx CCC Rated USD High Yield Corporate Bond ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Corporate Bonds | $ | - | $ | 10,976,031 | $ | - | $ | 10,976,031 | ||||||||
| Time Deposits | - | 30,441 | - | 30,441 | ||||||||||||
| Total Investments | $ | - | $ | 11,006,472 | $ | - | $ | 11,006,472 | ||||||||
147
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Corporate Bonds | $ | - | $ | 31,888,254 | $ | - | $ | 31,888,254 | ||||||||
| Government Agencies & Obligations | - | 133,921,065 | - | 133,921,065 | ||||||||||||
| Time Deposits | - | 995,909 | - | 995,909 | ||||||||||||
| Total Investments | $ | - | $ | 166,805,228 | $ | - | $ | 166,805,228 | ||||||||
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Government Obligations | $ | - | $ | 49,950,330 | $ | - | $ | 49,950,330 | ||||||||
| Total Investments | $ | - | $ | 49,950,330 | $ | - | $ | 49,950,330 | ||||||||
BondBloxx Bloomberg One Year Target Duration US Treasury ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Government Obligations | $ | - | $ | 39,138,101 | $ | - | $ | 39,138,101 | ||||||||
| Total Investments | $ | - | $ | 39,138,101 | $ | - | $ | 39,138,101 | ||||||||
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Government Obligations | $ | - | $ | 36,265,996 | $ | - | $ | 36,265,996 | ||||||||
| Total Investments | $ | - | $ | 36,265,996 | $ | - | $ | 36,265,996 | ||||||||
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Government Obligations | $ | - | $ | 19,993,459 | $ | - | $ | 19,993,459 | ||||||||
| Total Investments | $ | - | $ | 19,993,459 | $ | - | $ | 19,993,459 | ||||||||
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Government Obligations | $ | - | $ | 20,149,132 | $ | - | $ | 20,149,132 | ||||||||
| Total Investments | $ | - | $ | 20,149,132 | $ | - | $ | 20,149,132 | ||||||||
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Government Obligations | $ | - | $ | 20,297,848 | $ | - | $ | 20,297,848 | ||||||||
| Total Investments | $ | - | $ | 20,297,848 | $ | - | $ | 20,297,848 | ||||||||
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Government Obligations | $ | - | $ | 19,920,369 | $ | - | $ | 19,920,369 | ||||||||
| Total Investments | $ | - | $ | 19,920,369 | $ | - | $ | 19,920,369 | ||||||||
148
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF
| Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Government Obligations | $ | - | $ | 21,102,363 | $ | - | $ | 21,102,363 | ||||||||
| Total Investments | $ | - | $ | 21,102,363 | $ | - | $ | 21,102,363 | ||||||||
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.
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 October 31, 2022, 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.
149
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
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.
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.
150
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
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).
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.
151
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
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 October 31, 2022 were as follows:
| Purchases | Sales | |||||||
| BondBloxx USD High Yield Bond Industrial Sector ETF | $ | 452,840 | $ | 565,912 | ||||
| BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF | 494,721 | 475,435 | ||||||
| BondBloxx USD High Yield Bond Healthcare Sector ETF | 2,535,679 | 2,460,285 | ||||||
| BondBloxx USD High Yield Bond Financial & REIT Sector ETF | 815,055 | 850,281 | ||||||
| BondBloxx USD High Yield Bond Energy Sector ETF | 1,554,799 | 1,362,775 | ||||||
| BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF | 784,895 | 733,529 | ||||||
| BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF | 1,396,670 | 1,352,607 | ||||||
| BondBloxx B Rated USD High Yield Corporate Bond ETF | 980,758 | 1,011,565 | ||||||
| BondBloxx BB Rated USD High Yield Corporate Bond ETF | 5,441,853 | 5,504,607 | ||||||
| BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 8,972,997 | 1,125,374 | ||||||
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 12,124,699 | 12,839,366 | ||||||
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 October 31, 2022 were as follows:
| Purchases | Sales | |||||||
| BondBloxx USD High Yield Bond Financial & REIT Sector ETF | $ | 172,230 | $ | 172,053 | ||||
| BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF | 74,587 | - | ||||||
| BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF | 24,803 | 24,814 | ||||||
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 484,824 | - | ||||||
| BondBloxx Bloomberg Six Month Target Duration US Treasury ETF* | 30,146,994 | 8,760,696 | ||||||
| BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 7,186,611 | 7,352,036 | ||||||
| BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 4,288,227 | 4,324,231 | ||||||
| BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 3,968,563 | 4,031,255 | ||||||
| BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | 1,640,846 | 1,663,481 | ||||||
| BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF | 3,768,747 | 3,826,017 | ||||||
| BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | 2,427,678 | 2,350,124 | ||||||
| BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 9,169,403 | 9,234,109 | ||||||
| * | Includes short-term investments to reflect the fund’s investment strategy. |
152
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
For the period ended October 31, 2022, 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 | $ | 7,608,525 | $ | 3,463,830 | ||||
| BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF | 5,659,018 | 1,765,139 | ||||||
| BondBloxx USD High Yield Bond Healthcare Sector ETF | 9,189,352 | - | ||||||
| BondBloxx USD High Yield Bond Financial & REIT Sector ETF | 5,798,047 | 1,680,235 | ||||||
| BondBloxx USD High Yield Bond Energy Sector ETF | 7,555,799 | - | ||||||
| BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF | 7,456,015 | - | ||||||
| BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF | 5,852,377 | - | ||||||
| BondBloxx B Rated USD High Yield Corporate Bond ETF | 13,723,197 | 1,952,355 | ||||||
| BondBloxx BB Rated USD High Yield Corporate Bond ETF | 43,549,717 | - | ||||||
| BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 5,555,031 | 1,906,103 | ||||||
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 174,414,811 | - | ||||||
| BondBloxx Bloomberg Six Month Target Duration US Treasury ETF* | 28,513,028 | - | ||||||
| BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 39,383,198 | - | ||||||
| BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 36,639,432 | - | ||||||
| BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 20,338,511 | - | ||||||
| BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | 20,744,238 | - | ||||||
| BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF | 21,180,984 | - | ||||||
| BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | 21,099,456 | - | ||||||
| BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 23,913,801 | - | ||||||
| * | Includes short-term investments to reflect the fund’s investment strategy. |
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 October 31, 2022, the Funds did not incur any interest or penalties.
153
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
At October 31, 2022, the cost of investments and net unrealized appreciation (depreciation) for federal income tax purposes was as follows:
| Net | ||||||||||||||||
| Gross | Gross | Unrealized | ||||||||||||||
| Unrealized | Unrealized | Appreciation | ||||||||||||||
| Cost | Appreciation | Depreciation | (Depreciation) | |||||||||||||
| BondBloxx USD High Yield Bond Industrial Sector ETF | $ | 3,928,047 | $ | 1,312 | $ | (416,643 | ) | $ | (415,331 | ) | ||||||
| BondBloxx USD High Yield Bond Telecom,Media & Technology Sector ETF | 3,967,814 | 3,245 | (492,149 | ) | (488,904 | ) | ||||||||||
| BondBloxx USD High Yield Bond Healthcare Sector ETF | 8,962,518 | 1,752 | (825,508 | ) | (823,756 | ) | ||||||||||
| BondBloxx USD High Yield Bond Financial & REIT Sector ETF | 3,905,156 | 355 | (449,215 | ) | (448,860 | ) | ||||||||||
| BondBloxx USD High Yield Bond Energy Sector ETF | 7,859,984 | 23,342 | (425,679 | ) | (402,337 | ) | ||||||||||
| BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF | 7,606,349 | 9,130 | (832,003 | ) | (822,873 | ) | ||||||||||
| BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF | 5,881,509 | 42 | (596,959 | ) | (596,917 | ) | ||||||||||
| BondBloxx B Rated USD High Yield Corporate Bond ETF | 11,750,700 | 48,466 | (469,337 | ) | (420,871 | ) | ||||||||||
| BondBloxx BB Rated USD High Yield Corporate Bond ETF | 43,931,732 | 54,340 | (1,951,938 | ) | (1,897,598 | ) | ||||||||||
| BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 11,667,700 | 74,288 | (735,516 | ) | (661,228 | ) | ||||||||||
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 175,870,357 | 605,746 | (9,670,875 | ) | (9,065,129 | ) | ||||||||||
| BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 50,017,460 | - | (67,130 | ) | (67,130 | ) | ||||||||||
| BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 39,337,920 | - | (199,819 | ) | (199,819 | ) | ||||||||||
| BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 36,667,821 | - | (401,825 | ) | (401,825 | ) | ||||||||||
| BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 20,281,636 | - | (288,177 | ) | (288,177 | ) | ||||||||||
| BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | 20,732,850 | - | (583,718 | ) | (583,718 | ) | ||||||||||
| BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF | 21,064,708 | - | (766,860 | ) | (766,860 | ) | ||||||||||
| BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | 21,117,799 | - | (1,197,430 | ) | (1,197,430 | ) | ||||||||||
| BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 23,266,237 | - | (2,163,874 | ) | (2,163,874 | ) | ||||||||||
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.
154
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
At October 31, 2022, the components of distributable earnings/loss on tax basis were as follows:
| Undistributed Income | Undistributed Long-term Capital Gains | Accumulated Capital Gains/ (Losses) | Net Unrealized Appreciation/ (Depreciation) | Total Earnings/ (Losses) | ||||||||||||||||
| BondBloxx USD High Yield Bond Industrial Sector ETF | $ | 18,396 | $ | - | $ | (23,138 | ) | $ | (415,331 | ) | $ | (420,073 | ) | |||||||
| BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF | 18,944 | - | (16,556 | ) | (488,904 | ) | (486,516 | ) | ||||||||||||
| BondBloxx USD High Yield Bond Healthcare Sector ETF | 63,768 | - | (494,318 | ) | (823,756 | ) | (1,254,306 | ) | ||||||||||||
| BondBloxx USD High Yield Bond Financial & REIT Sector ETF | 17,948 | - | (58,703 | ) | (448,860 | ) | (489,615 | ) | ||||||||||||
| BondBloxx USD High Yield Bond Energy Sector ETF | 40,661 | - | (14,475 | ) | (402,337 | ) | (376,151 | ) | ||||||||||||
| BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF | 39,746 | - | (32,565 | ) | (822,873 | ) | (815,692 | ) | ||||||||||||
| BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF | 25,554 | - | (41,479 | ) | (596,917 | ) | (612,842 | ) | ||||||||||||
| BondBloxx B Rated USD High Yield Corporate Bond ETF | 80,361 | - | (43,015 | ) | (420,871 | ) | (383,525 | ) | ||||||||||||
| BondBloxx BB Rated USD High Yield Corporate Bond ETF | 225,194 | - | (164,196 | ) | (1,897,598 | ) | (1,836,600 | ) | ||||||||||||
| BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 122,437 | - | (23,476 | ) | (661,228 | ) | (562,267 | ) | ||||||||||||
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 949,222 | - | (279,512 | ) | (9,065,137 | ) | (8,395,427 | ) | ||||||||||||
| BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | 124,097 | - | (8,760 | ) | (67,130 | ) | 48,207 | |||||||||||||
| BondBloxx Bloomberg One Year Target Duration US Treasury ETF | 175,542 | - | (22,695 | ) | (199,819 | ) | (46,972 | ) | ||||||||||||
| BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | 166,264 | - | (30,770 | ) | (401,825 | ) | (266,331 | ) | ||||||||||||
| BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | 99,501 | - | (73,209 | ) | (288,177 | ) | (261,885 | ) | ||||||||||||
| BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | 87,675 | - | (35,055 | ) | (583,718 | ) | (531,098 | ) | ||||||||||||
| BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF | 86,877 | - | (96,098 | ) | (766,860 | ) | (776,081 | ) | ||||||||||||
| BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | 85,267 | - | (71,927 | ) | (1,197,430 | ) | (1,184,090 | ) | ||||||||||||
| BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 93,182 | - | (613,680 | ) | (2,163,874 | ) | (2,684,372 | ) | ||||||||||||
155
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
At October 31, 2022, the effect of permanent book/tax reclassifications primarily related to in-kind transactions resulted in an increase/(decrease) to the components of net assets as follows:
| Total | ||||||||
| Distributable | Paid-in | |||||||
| Earnings | Capital | |||||||
| BondBloxx USD High Yield Bond Industrial Sector ETF | $ | 134,836 | $ | (134,836 | ) | |||
| 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 | 159,918 | (159,918 | ) | |||||
| 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 | 92,756 | (92,756 | ) | |||||
| BondBloxx BB Rated USD High Yield Corporate Bond ETF | - | - | ||||||
| BondBloxx CCC Rated USD High Yield Corporate Bond ETF | (47,990 | ) | 47,990 | |||||
| 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 | - | - | ||||||
| BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | - | - | ||||||
| The tax character of distributions paid during the period indicated was as follow: | ||||||||
| Period Ended | ||||||||
| October 31, 2022 | ||||||||
| Ordinary | Long-Term | |||||||
| Income* | Capital Gain | |||||||
| BondBloxx USD High Yield Bond Industrial Sector ETF | $ | 192,726 | $ | - | ||||
| BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF | 135,149 | - | ||||||
| BondBloxx USD High Yield Bond Healthcare Sector ETF | 226,994 | - | ||||||
| BondBloxx USD High Yield Bond Financial & REIT Sector ETF | 180,578 | - | ||||||
| BondBloxx USD High Yield Bond Energy Sector ETF | 247,535 | - | ||||||
| BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF | 234,348 | - | ||||||
| BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF | 187,215 | - | ||||||
| BondBloxx B Rated USD High Yield Corporate Bond ETF | 357,380 | - | ||||||
| BondBloxx BB Rated USD High Yield Corporate Bond ETF | 891,418 | - | ||||||
| BondBloxx CCC Rated USD High Yield Corporate Bond ETF | 351,099 | - | ||||||
| BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF | 2,662,213 | - | ||||||
| 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 | - | - | ||||||
| BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | - | - | ||||||
| * | For tax purposes short-term capital gain distributions are considered ordinary income distributions. |
156
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
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.
| Total | ||||||||||||
| Short-Term | Long-Term | 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 October 31, 2022, certain officers and Trustees of the Trust are also officers or employees of the Adviser or affiliated with the Distributor.
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 (Unaudited)
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.
157
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
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 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.
158
BONDBLOXX ETF TRUST
Notes to the Financial Statements (Continued)
October 31, 2022
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.
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.
159
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Shareholders and Board of Trustees of
BondBloxx ETF Trust
Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the portfolios of investments, of BondBloxx ETF Trust comprising the funds listed below (the “Funds”) as of October 31, 2022, the related statements of operations, the statements of changes in net assets, the related notes, and the financial highlights for each of the periods indicated below (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of October 31, 2022, the results of their operations, the changes in net assets, and the financial highlights for each of the periods indicated below in conformity with accounting principles generally accepted in the United States of America.
| Statements | Statements of | ||
| of | Changes in | Financial | |
| Fund Name | Operations | Net Assets | Highlights |
BondBloxx USD High Yield Bond Industrial Sector ETF BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF | For the period from February 15, 2022 (commencement of operations) through October 31, 2022 | ||
| 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 | For the period from May 24, 2022 (commencement of operations) through October 31, 2022 | ||
| 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 | For the period from June 28, 2022 (commencement of operations) through October 31, 2022 | ||
| BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | For the period from September 13, 2022 (commencement of operations) through October 31, 2022 | ||
| 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 | |||
| BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | |||
Basis for Opinion
These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
160
BONDBLOXX ETF TRUST
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (Continued)
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of October 31, 2022, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.
We have served as the Funds’ auditor since 2021.
COHEN & COMPANY, LTD.
Cleveland, Ohio
December 22, 2022
161
Liquidity Risk Management Program (Unaudited)
Consistent with Rule 22e-4 under the Investment Company Act of 1940 (the “Liquidity Rule”), the Funds have adopted and implemented a written liquidity risk management program (the “Program”). The Program seeks to assess and manage each Fund’s liquidity risk, which is defined as the risk that a Fund is unable to meet investor redemption requests without significantly diluting the remaining investors’ interests in the Fund. The Funds’ Board of Trustees (the “Board”) has approved the designation of the Adviser as the Liquidity Program Administrator (“LPA”) to oversee the implementation and monitoring of the Program.
Each of the Funds qualifies as an “In-Kind ETF” under the Liquidity Rule and the Program, which means that it meets redemptions through in-kind transfers of securities, positions and assets other than a de minimis amount of cash and publishes its portfolio holdings daily. As In-Kind ETFs, the Funds are exempt from certain Liquidity Rule requirements, including classification of portfolio holdings and the requirement to establish a highly liquid investment minimum.
Consistent with the Liquidity Rule, the Program includes provisions that require, no less frequently than annually, assessments of the Funds’ liquidity risks, including a review of specific factors set forth in the Program as applicable to each Fund. In addition, the Program includes provisions designed to comply with the Liquidity Rule’s limitation on investments in “illiquid investments” (as defined in the Liquidity Rule) to no more than 15% of a Fund’s net assets as well as provisions regarding the maintenance and monitoring of In-Kind ETF status and periodic reporting to the Funds’ Board.
At a meeting of the Board of Trustees on November 15, 2022, the LPA provided a written report (the “Report”) to the Board as required by the Liquidity Rule addressing the operation, adequacy, and effectiveness the Program, including any material changes to the Program for the period from Fund inception through September 30, 2022 (“Reporting Period”). The Report included a discussion of the annual assessment of each Fund’s liquidity risk, including a review, as applicable of the Funds’ investment strategies and liquidity of portfolio investments. In addition, the Board received reports on the arbitrage function and the level of active participation by Authorized Participants and its relationship to each Fund’s liquidity and the effect of pricing/spreads and basket assets on each Fund’s liquidity.
There were no material changes to the Program, there were no significant liquidity events impacting any Fund, and it is the LPA’s assessment that the Program is adequately designed and has been effective in managing each Fund’s liquidity risk and in implementing the requirements of the Liquidity Rule. The Report concluded that each Fund qualified as an In-Kind ETF during the Reporting Period and, given the intention to continue to meet redemptions only through in-kind transfers of securities, each Fund will continue to be classified as an In-Kind ETF.
There can be no assurance that the Program will achieve its objectives in the future. Additional information regarding risks of investing in each Fund, including liquidity risks presented by the Fund’s investment portfolio, is found in the Fund’s Prospectus and Statement of Additional Information.
162
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.
163
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
Board Approval of Investment Advisory Agreement (Unaudited)
Under Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), the Trust’s Board of Trustees (the “Board”), including a majority of the Trustees who are not “interested persons” (as that term is defined in the 1940 Act) (the “Independent Trustees”) of BondBloxx ETF Trust (the “Trust”), is required to consider and approve the Investment Advisory Agreement between the Trust and BondBloxx (the “Advisory Agreement”) whereby the Board and its committees (composed solely of Independent Trustees) assess BondBloxx’s proposed services to the 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 May 17, 2022, the Trust’s Board, including a majority of the Independent Trustees, voted to approve the entering into of 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 “Funds”) for an initial two-year period. In determining whether to approve the entering into of the Advisory Agreement, BondBloxx furnished information necessary for a majority of the Independent Trustees to make the determination that the entering into of the Advisory Agreement was in the best interests of the Funds and their respective shareholders. Prior to voting, the Independent Trustees reviewed the proposed entering into of the Advisory Agreement with management and their independent legal counsel and received materials from such counsel discussing the legal standards for their consideration of the proposed entering into of the Advisory Agreement.
In approving the Advisory Agreement for the Funds, 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 the 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. 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
164
BONDBLOXX ETF TRUST
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
Board Approval of Investment Advisory Agreement (Unaudited) (Continued)
respective advisory fee. In addition, the Board took into account the expense ratios of comparable high yield bond 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.
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 if 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 the entering into of the Advisory Agreement, including the compensation payable to BondBloxx under the 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 entering into of the Advisory Agreement for an initial two-year period.
165
BONDBLOXX ETF TRUST
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF Growth
Board Approval of Investment Advisory Agreement (Unaudited) (Continued)
Under Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), the Trust’s Board of Trustees (the “Board”), including a majority of the Trustees who are not “interested persons” (as that term is defined in the 1940 Act) (the “Independent Trustees”) of BondBloxx ETF Trust (the “Trust”), is required to consider and approve the Investment Advisory Agreement between the Trust and BondBloxx (the “Advisory Agreement”) whereby the Board and its committees (composed solely of Independent Trustees) assess BondBloxx’s proposed services to the Fund, including investment management; oversight of the Fund’s 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 May 17, 2022, the Trust’s Board, including a majority of the Independent Trustees, voted to approve the entering into of the Advisory Agreement with respect to the BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF for an initial two-year period. In determining whether to approve the entering into of the Advisory Agreement, BondBloxx furnished information necessary for a majority of the Independent Trustees to make the determination that the entering into of the Advisory Agreement was in the best interests of the Fund and its shareholders. Prior to voting, the Independent Trustees reviewed the proposed entering into of the Advisory Agreement with management and their independent legal counsel and received materials from such counsel discussing the legal standards for their consideration of the proposed entering into of the Advisory Agreement.
In approving the Advisory Agreement for the Fund, the Board, including the Independent Trustees, considered various factors, including: (1) the nature, extent and quality of the services to be provided to the Fund by BondBloxx; (2) BondBloxx’s proposed compensation under the Advisory Agreement; (3) the estimated expenses of the Fund; (4) the estimated costs of services to be provided to the Fund and the anticipated profits to be realized by BondBloxx from its management of the Fund; (5) the potential for economies of scale and the sharing of any economies of scale with the Fund’s shareholders; (6) the fees paid by and services provided to comparable emerging market debt exchange-traded funds (“ETFs”); and (7) other potential benefits to BondBloxx from its relationship with the Fund. The material factors and conclusions that formed the basis for the Board, including the Independent Trustees, to approve the 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 Fund 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 Fund. 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 Fund in accordance with its investment objective and investment strategies. Based on the foregoing, the Board concluded that BondBloxx is qualified to manage the Fund’s assets in accordance with the Fund’s investment objective and investment strategies.
Proposed Compensation and Estimated Expenses. The Board considered the proposed compensation that the Fund is required to pay to BondBloxx under the Advisory Agreement and the estimated expense ratio of the Fund. The Board took into account that under the Advisory Agreement BondBloxx is responsible for paying substantially all of the Fund’s operating expenses with some exceptions and that this expense structure effectively limits the Fund’s expenses to the level of its advisory fee. In addition, the Board took into account the expense ratios of comparable emerging markets debt ETFs relative to the estimated expense ratio of the Fund. Based on the foregoing, the Board concluded that the Fund’s advisory fee is reasonable in view of the services to be received by the Fund from BondBloxx and the other factors considered.
166
BONDBLOXX ETF TRUST
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF Growth
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 Fund pursuant to the Advisory Agreement. In particular, the Board took into account BondBloxx’s expectations that during the Fund’s initial period of operations the Fund is likely to operate below its breakeven level and the 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 Fund, including potential reputational benefits. Based upon the foregoing, the Board concluded that BondBloxx’s anticipated profitability from its relationship with the Fund was reasonable.
Potential Economies of Scale. The Board considered the initial level of investor seed capital and BondBloxx’s expectations concerning the Fund’s asset growth in the first year of operations and beyond. The Board noted the competitive environment in which the Fund will operate. The Board considered the effect of potential future asset growth on the Fund’s performance and expenses. The Board noted that if the 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 the 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 the entering into of the Advisory Agreement, including the compensation payable to BondBloxx under the agreement, is in the best interests of the Fund and its shareholders. Accordingly, the Board, including a majority of the Independent Trustees, voted to approve the entering into of the Advisory Agreement for an initial two-year period.
167
BONDBLOXX ETF TRUST
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
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF
Board Approval of Investment Advisory Agreement (Unaudited) (Continued)
Under Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), the Trust’s Board of Trustees (the “Board”), including a majority of the Trustees who are not “interested persons” (as that term is defined in the 1940 Act) (the “Independent Trustees”) of BondBloxx ETF Trust (the “Trust”), is required to consider and approve the Investment Advisory Agreement between the Trust and BondBloxx (the “Advisory Agreement”) whereby the Board and its committees (composed solely of Independent Trustees) assess BondBloxx’s proposed services to the 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 August 16, 2022, the Trust’s Board, including a majority of the Independent Trustees, voted to approve the entering into of 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 “Funds”) for an initial two-year period. In determining whether to approve the entering into of the Advisory Agreement, BondBloxx furnished information necessary for a majority of the Independent Trustees to make the determination that the entering into of the Advisory Agreement was in the best interests of the Funds and their respective shareholders. Prior to voting, the Independent Trustees reviewed the proposed entering into of the Advisory Agreement with management and their independent legal counsel and received materials from such counsel discussing the legal standards for their consideration of the proposed entering into of the Advisory Agreement.
In approving the Advisory Agreement for the Funds, 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 U.S. Treasury 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 the 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. 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.
168
BONDBLOXX ETF TRUST
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
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF
Board Approval of Investment Advisory Agreement (Unaudited) (Continued)
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 U.S. Treasury 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.
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 if 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 the entering into of the Advisory Agreement, including the compensation payable to BondBloxx under the 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 entering into of the Advisory Agreement for an initial two-year period.
169
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 the Adviser 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 (“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.
Independent 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 | 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); |
170
BONDBLOXX ETF TRUST
Board of Trustees and Executive Officers (Unaudited) (Continued)
Interested 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 |
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 | 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) |
Nancy J. Tyminski (60) | Chief Compliance Officer and AML Compliance Officer | Director - Chief Compliance Officer, ACA Group (d/b/a ACA Group), LLC, since 2015 |
171
BONDBLOXX ETF TRUST
General Information (Unaudited)
Investment Adviser
BondBloxx ETF Trust
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
172
| (b) | Include a copy of each notice transmitted to stockholders in reliance on Rule 30e-3 under the Act (17 CFR 270.30e-3) that contains disclosures specified by paragraph (c)(3) of that rule. |
Not applicable.
As of the period ended October 31, 2022, the Registrant has adopted a code of ethics that applies to the Registrant’s principal executive officer and principal financial officer, principal accounting officer or controller or persons performing similar functions. During the period covered by this report, there have been no changes to, amendments to or waivers from, any provision of the code of ethics. The registrant undertakes to provide a copy of the code of ethics to any person upon request, without charge, who calls 1-800-896-5089.
ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.
The Board of Trustees of the Registrant has determined that Stephen A. Messinger possesses the attributes identified in Instruction (b) of Item 3 to Form N-CSR to qualify as an “audit committee financial expert,” and has designated Mr. Messinger as the Registrant’s audit committee financial expert. Mr. Messinger is an “independent” Trustee for purposes of Item 3 to Form N-CSR.
Under applicable securities laws, a person determined to be an audit committee financial expert will not be deemed an “expert” for any purpose, including without limitation for the purposes of Section 11 of the Securities Act of 1933, as a result of being designated or identified as an audit committee financial expert. The designation or identification of a person as an audit committee financial expert does not impose on such person any duties, obligations, or liabilities greater than the duties, obligations, and liabilities imposed on such person as a member of the audit committee and board of directors in the absence of such designation or identification. The designation or identification of a person as an audit committee financial expert does not affect the duties, obligations, or liability of any other member of the audit committee or board of directors.
ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.
The following fees paid to Cohen & Company, Ltd., the Registrant’s principal accounting firm, are for services rendered for the fiscal year ended October 31, 2022, the Funds first year of operations.
| a) | Audit Fees |
The aggregate fees billed for the fiscal year ended October 31, 2022, for professional services rendered by the principal accountant for the audit of the Registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements was $285,000.
| b) | Audit Related Fees |
The aggregate fees billed for the fiscal year ended October 31, 2022, for assurance and related services rendered to the Registrant by the principal accountant that are reasonably related to the performance of the audit of the Registrant’s financial statements and are not reported under paragraph (a) of this Item was $15,000 for performing a seed audit.
| c) | Tax Fees |
The aggregate fees billed for the fiscal year ended October 31, 2022, for professional services rendered to the Registrant by the principal accountant for tax compliance, tax advice and tax planning was $66,500. These services consisted of (i) review or preparation of U.S. federal, state, local and excise tax returns; (ii) U.S. federal, state and local entity tax planning, advice and assistance regarding statutory, regulatory or administrative developments, and (iii) tax advice regarding tax qualification.
| d) | All Other Fees |
The aggregate fees billed for the fiscal year ended October 31, 2022, for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item was $0.
| e) |
| (1) | Pursuant to the Registrant’s Audit Committee Charter that has been adopted by the audit committee, the audit committee shall (a) oversee the scope of the Trust’s audit, the Trust’s accounting and financial reporting policies and practices and its internal controls, and enhance the quality and objectivity of the audit function; (b) approve, and recommend to the Board Members for ratification, the selection, appointment, retention or termination of the Trust’s independent auditors, as well as approving the compensation thereof; and (c) approve all audit and non-audit services provided to the Trust and certain other persons by such independent auditors. |
| (2) | The percentage of services described in each of paragraphs (b) through (d) of this Item that were approved by the audit committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X, with respect to: Audit-Related Fees were 0%; Tax Fees were 0%; and Other Fees were 0%. |
| f) | Not applicable. |
| g) | The aggregate non-audit fees billed by the Registrant’s accountant for services rendered to the Registrant and rendered to the Registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Registrant were $66,500. |
| h) | The Registrant’s audit committee has considered and determined that the provision of non-audit services that were rendered to the Registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the Registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence. |
| i) | Not applicable. |
| j) | Not applicable. |
ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.
| (a) | The Registrant is an issuer as defined in Section 10A-3 of the Securities Exchange Act of 1934 and has a separately designated standing Audit Committee in accordance with Section 3(a)(58)(A) of such Act. All the Board’s independent Trustees, Stephen A. Messinger, Allan C. Eberhart, David A. Lonergan and H. Michael Williams, are members of the Audit Committee. |
| (b) | Not applicable. |
ITEM 6. INVESTMENTS.
| (a) | A Schedule of Investments in securities of unaffiliated issuers as of the close of the Reporting Period is included as part of the report to shareholders filed under Item 1 of this Form N-CSR. |
| (b) | Not Applicable. |
ITEM 7. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not Applicable.
ITEM 8. Portfolio Managers of Closed-End Management Investment Companies.
Not Applicable.
ITEM 9. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANIES AND AFFILIATED PURCHASERS.
Not Applicable.
ITEM 10. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.
There have been no material changes to the procedures by which the shareholders may recommend nominees to the Registrant’s board of directors, where those changes were implemented after the Registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.
ITEM 11. CONTROLS AND PROCEDURES.
| (a) | The Registrant’s principal executive officer and principal financial officer, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a-3(c))) as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Exchange Act (17 CFR 240.13a-15(b) or 240.15d-15(b)). |
| (b) | There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting. |
ITEM 12. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.
Not Applicable.
ITEM 13. EXHIBITS.
(a)(1) Code of Ethics – See Item 2.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) BondBloxx ETF Trust
By: (Signature and Title)
| /s/ Joanna Gallegos | ||
| Joanna Gallegos | ||
| Title: | President - Principal Executive Officer | |
| Date: | December 28, 2022 | |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By: (Signature and Title)
| /s/ Joanna Gallegos | ||
| Joanna Gallegos | ||
| Title: | President - Principal Executive Officer | |
| Date: | December 28, 2022 | |
By: (Signature and Title)
| /s/ Tony Kelly | ||
| Tony Kelly | ||
| Title: | Treasurer - Principal Financial Officer | |
| Date: | December 28, 2022 | |