At a glance
BBBS charges 0.19% a year, above the 0.13% average of the 7 funds most like it (the 7th cheapest of 8). It has $180.2M in assets, the 8th largest of that group; it paid 4.63% of its price in distributions over the past 12 months, monthly. Over the past year it returned +1.2% with distributions reinvested, 5th of those 8 funds. Its ten largest positions make up 3.5% of the fund, out of 1,351 in all.
The short version
BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (BBBS) tracks the Bloomberg US Corporate BBB 1-5 Year Index. The index holds corporate bonds rated BBB, the lowest tier of investment grade, that mature in one to five years. The fund pays income monthly, with a trailing yield of 4.63% as of October 27, 2026. Its 0.19% expense ratio, though, is several times that of broader short-term corporate bond funds such as IGSB (0.04%) and VCSH (0.03%).
Price history
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BBBS +1.2% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| BBBS official prospectus, to Dec 31, 2025 | — | +6.83% | — | — | — | +6.12% |
| Bloomberg US Aggregate Bond Index (reflects no deduction for fees, expenses, or taxes) index, same period | — | +7.30% | — | — | — | +5.12% |
| Bloomberg US Corporate BBB 1-5 Year Index (reflects no deduction for fees, expenses, or taxes) index, same period | — | +7.00% | — | — | — | +6.35% |
| BBBS price data to Oct 27, 2026 | +0.6% | +1.2% | — | — | — | +4.4% |
- Over the year to Oct 27, 2026, BBBS returned +1.2%, 5th of 8 among similar funds.
- Its worst full calendar year was 2025 (+6.7%); its best was 2025 (+6.7%).
- The deepest fall in its price history was 1.7% (Aug 25, 2026 to Sep 28, 2026), not yet recovered.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +0.6% | — |
| 2025 | +6.7% | +6.83% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $1.6900 | |
| 2025 | $2.3600 |
What's inside
As of Jul 31, 2026, the fund held 1,351 securities; the ten largest made up 3.5% of assets.
| Holding | Weight | |
|---|---|---|
| T-MOBILE USA I 3.875% 04/15/30 Bonds and notes | 0.57% | |
| CVS HEALTH CORP 4.3% 03/25/28 Bonds and notes | 0.42% | |
| BOEING CO 5.15% 05/01/30 Bonds and notes | 0.39% | |
| CIGNA GROUP/TH 4.375% 10/15/28 Bonds and notes | 0.32% | |
| AMGEN INC 5.15% 03/02/28 Bonds and notes | 0.32% | |
| CITIGROUP INC 4.45% 09/29/27 Bonds and notes | 0.32% | |
| AERCAP IRELAND CAP 3% 10/29/28 Bonds and notes | 0.31% | |
| VERIZON COMMUNI 2.55% 03/21/31 Bonds and notes | 0.28% | |
| ORACLE CORP 4.95% 02/04/31 Bonds and notes | 0.28% | |
| VERIZON COMMUN 4.016% 12/03/29 Bonds and notes | 0.28% | |
| BRITISH TEL 8.625% 12/15/30 Bonds and notes | 0.27% | |
| AT&T INC 4.3% 02/15/30 Bonds and notes | 0.27% | |
| PACIFIC GAS & E 4.55% 07/01/30 Bonds and notes | 0.26% | |
| RTX CORP 4.125% 11/16/28 Bonds and notes | 0.26% | |
| AT&T INC 4.35% 03/01/29 Bonds and notes | 0.25% |
By country
United States 85.47%United Kingdom 4.21%Canada 1.87%Ireland 1.57%Germany 1.33%By issuer
Companies 98.36%The bonds mature in 3.7 years on average (weighted by size), with an average coupon of 4.43%.
Source: N-PORT holdings report as of Jul 31, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jul 31, 2026, investors added a net $15.3M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +0.35%, +0.13%, -0.15%.
How it works
BBBS is an index fund run by BondBloxx Investment Management. It tries to match the return of the Bloomberg US Corporate BBB 1-5 Year Index before fees. To get into the index, a bond must be a taxable, fixed-rate, US dollar bond from a US or foreign company. It also needs at least $500 million outstanding, one to five years left until it matures, and a rating of BBB+, BBB or BBB-. Those ratings are the lowest tier of investment grade, one step above high-yield or "junk" bonds. Each bond is weighted by its market value, so the biggest borrowers count the most. The index rebalances monthly.
The index had about 1,277 bonds as of December 31, 2025. The fund doesn't buy every one. Instead it uses representative sampling: it holds a set of bonds chosen to match the index's sectors, maturities, ratings, yield and duration (a measure of how much a bond's price moves when interest rates change). As of July 31, 2026, it held 1,351 positions. The largest were bonds from T-Mobile USA, CVS Health and Boeing, and the top 10 made up only 3.5% of assets.
At least 80% of assets must be in these BBB bonds. The rest can go to Treasurys, cash, other funds or derivatives. The fund is legally "non-diversified," which means it may put more money into a single issuer. It can also own Rule 144A bonds, which are sold privately to large institutions.
What it really costs
- BBBS charges 0.19% a year, versus an average of 0.13% for the similar funds below (7th of 8, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $19 in the first year and $243 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| BBBS | $19 | $61 | $107 | $243 |
Structure and tax notes
- Bond prices move opposite to interest rates; the longer the maturities it holds, the more its price reacts to rate changes.
In a retirement portfolio
It pays monthly income from short-term BBB corporate bonds, which carry more credit risk than Treasurys but react only modestly to interest-rate changes.
BBBS could serve as an income holding. It pays monthly, with a trailing 12-month yield of 4.63% as of October 27, 2026. Its bonds had 3.7 years to maturity on average as of July 31, 2026, and short maturities limit how much prices fall when interest rates rise. The trade-off is credit risk. In a recession, BBB bonds are the investment-grade bonds most likely to be downgraded to junk. The fund's 0.19% cost is also above the 0.13% average of similar funds.
The fund's record is short. It launched in January 2024, after the 2008, 2020 and 2022 downturns, so no one knows how it would hold up in a credit crisis. Its only full calendar year, 2025, returned 6.83%. Its deepest drop was 1.7%, from August 25 to September 28, 2026, and it had not recovered as of October 27, 2026. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Income-focused investors who want monthly payouts from short-term corporate bonds; the trailing yield was 4.63% as of October 27, 2026.
- Investors who want to target the BBB tier specifically and will accept more downgrade risk than higher-rated bonds carry in return for typically higher yields.
- Those who want limited sensitivity to interest rates: average maturity was 3.7 years as of July 31, 2026, and one-year volatility was about 2.1%.
Look elsewhere if
- Cost-conscious investors: the 0.19% expense ratio compares with 0.04% for IGSB and 0.03% for VCSH, which hold bonds with similar maturities.
- Anyone who wants a long track record. BBBS launched in January 2024 and has not yet been through a recession or a major credit crisis.
- Investors wary of credit or sector concentration: BBB bonds face downgrade risk, and financial companies make up a significant part of the index.
Close alternatives
Matched by bond funds with the closest average maturity and issuer mix (N-PORT).
| Fund | Avg. maturity | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| BBBS this fund | 3.7 yrs | 0.19% | $180.2M | +1.2% | — |
| IGSB iShares 1-5 Year Investment Grade Corporate… | 3.7 yrs | 0.04% | $23.46B | +1.5% | +5.4% |
| VCSH Vanguard Short-Term Corporate Bond ETF | 3.5 yrs | 0.03% | $51.74B | +1.9% | +5.7% |
| SPSB SPDR Portfolio Short Term Corporate Bond ETF | 2.4 yrs | 0.04% | $10.63B | +2.3% | +5.1% |
| USHY iShares Broad USD High Yield Corporate Bond… | 5.4 yrs | 0.08% | $28.59B | +1.2% | +7.7% |
| HYG iShares iBoxx $ High Yield Corporate Bond E… | 5.4 yrs | 0.49% | $16.19B | +0.9% | +7.4% |
| SPIB SPDR Portfolio Intermediate Term Corporate … | 5.6 yrs | 0.04% | $11.57B | 0.0% | +6.1% |
| JPST JPMorgan Ultra-Short Income ETF | 2 yrs | 0.18% | $41.13B | +3.1% | +4.8% |
Questions investors ask
Does BBBS pay monthly dividends?
Yes. BBBS pays distributions monthly. Over the 12 months to October 27, 2026, it paid about $2.32 per share, a trailing yield of 4.63%. That income comes from the interest on its bonds. As of July 31, 2026, they had an average coupon of 4.43%. A coupon is the fixed interest rate a bond pays. Payments can rise or fall as bonds mature and the fund reinvests at new interest rates, so the monthly amount is not fixed.
What does BBBS invest in?
BBBS tracks the Bloomberg US Corporate BBB 1-5 Year Index, a basket of fixed-rate, taxable, US dollar corporate bonds rated BBB with one to five years left until maturity. BBB is the lowest tier of investment grade, the ratings that signal lower default risk. As of July 31, 2026, the fund held 1,351 positions, and the 10 largest made up 3.5% of assets. The biggest were bonds from T-Mobile USA (0.57%), CVS Health (0.42%) and Boeing (0.39%). As of December 31, 2025, financial companies made up a significant share of the index.
What's the difference between BBBS and IGSB?
They differ mainly in credit focus, cost and size. BBBS owns only BBB-rated bonds. The iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) covers short-term investment-grade corporate bonds more broadly. Both had average maturities of 3.7 years. IGSB charges 0.04% a year, against 0.19% for BBBS. IGSB had $23.5 billion in net assets as of August 31, 2026, versus $180 million for BBBS as of July 31, 2026. IGSB returned 2.0% over the year to October 30, 2026. BBBS returned 1.2% over the year to October 27.
Is BBBS good for retirement income?
It may suit retirees who want monthly income from short-term corporate bonds and accept extra credit risk, meaning the chance that borrowers weaken or default. Its trailing 12-month yield was 4.63% as of October 27, 2026. There are trade-offs. In an economic downturn, BBB bonds are more likely than higher-rated bonds to be cut to below investment grade, or "junk." The fund launched in January 2024, so it has not been through a crash like 2020's. Its 0.19% fee is also above the 0.13% average of similar funds.
How has BBBS performed since it launched?
BBBS has closely tracked its index, trailing slightly after fees. In 2025, its first full calendar year, it returned 6.83%, versus 7.0% for the Bloomberg US Corporate BBB 1-5 Year Index. From its January 2024 launch through December 31, 2025, it averaged 6.12% a year against 6.35% for the index. Based on market prices, it returned 1.2% over the year to October 27, 2026. Its largest decline was 1.7%, from August 25 to September 28, 2026, and it had not fully recovered by October 27, 2026.