BondBloxx Launches Core Plus Bond ETF (BBLX) With High-Yield and EM Exposure

BondBloxx has launched the BondBloxx Core Plus ETF (BBLX), a passively managed fixed income fund tracking the J.P. Morgan GABI USD Liquid Plus Index. The strategy combines a core allocation to investment-grade bonds with exposure to higher-risk segments, including high-yield corporate debt and emerging market bonds. Its investment universe also spans U.S. Treasuries, agency mortgage-backed securities, collateralized loan obligations (CLOs), asset-backed securities, taxable municipal bonds, and government-related debt. The index applies liquidity screens and rebalances monthly, while BBLX uses representative sampling rather than holding every constituent. The fund targets a portfolio-wide weighted average maturity of one to 10 years. BondBloxx Investment Management serves as adviser, with Northern Trust Investments managing the mortgage-backed securities allocation.