Profit from municipal bonds with new ETF! 📈💰

Unlocking Profits in Municipal Funds with a New ETF

If you are looking to maximize profits in the municipal bond space, a new ETF might be just what you need. BondBloxx’s Joanna Gallegos has recently launched the IR+M Tax-Aware Short Duration ETF (TAXX), aiming to provide income opportunities in a high rate environment. This actively managed municipal bond exchange-traded fund offers a unique investment opportunity for investors seeking after-tax income. With a diversified portfolio that includes municipal, corporate, and securitized bonds, TAXX presents a wider opportunity for increased after-tax total returns.

The Driving Force Behind the ETF

BondBloxx’s Joanna Gallegos launched the IR+M Tax-Aware Short Duration ETF (TAXX) to capture profits in the municipal bond space.
Gallegos emphasizes the importance of looking beyond traditional municipal bond portfolios and focusing on after-tax income opportunities.
The ETF offers exposure to municipal, corporate, and securitized bonds, presenting a unique income-generating opportunity in a high rate environment.
TAXX aims to provide a tax-efficient approach to investing, balancing strong after-tax income opportunities with capital preservation.

The Investment Strategy

Almost 62% of TAXX’s holdings are in municipal bonds, with the five largest muni holdings by state including Illinois, Pennsylvania, New Jersey, New York, and Alabama.
The ETF also includes exposure to corporate and securitized bonds, offering a mixed-bond approach to enhance after-tax total returns.
FactSet describes TAXX as “tax efficient,” highlighting the fund’s ability to generate strong after-tax income while preserving capital.
With a tax-equivalent yield close to 6%, TAXX presents a compelling investment opportunity for investors looking to optimize their after-tax returns.

Performance and Outlook

Since its launch on March 14, TAXX has experienced a slight decline of 0.2%, showcasing its performance in a volatile market environment.
Gallegos remains optimistic about the fund’s future performance, expecting healthy returns even if the Federal Reserve decides to cut interest rates.
TAXX’s unique investment strategy and diversified portfolio position it well to capitalize on income opportunities in the municipal bond space.

Hot Take: Maximizing Returns with TAXX

When it comes to optimizing your investment portfolio for after-tax income, the IR+M Tax-Aware Short Duration ETF (TAXX) offers a compelling opportunity to generate profits in the municipal bond space. With a focus on tax efficiency and a diversified portfolio that includes municipal, corporate, and securitized bonds, TAXX presents a unique income-generating strategy for investors looking to maximize their returns. Despite fluctuations in the market, TAXX’s performance outlook remains positive, making it a promising investment option for those seeking after-tax income opportunities.