XHYI

BondBloxx USD High Yield Bond Industrial Sector ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx USD High Yield Bond Industrial Sector ETF (the "Fund") seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds in the industrial sector.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-industrial-sector-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx USD High Yield Bond Industrial Sector ETF	$17	0.35%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$54,344,986
# of Portfolio Holdings	484
Total Advisory Fees Paid During Reporting Period	$137,397
Portfolio Turnover Rate	12%
Expense Ratio	0.35%
Shares Outstanding	1,450,000
Fund Launch Date	2/15/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C606

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Quikrete Holdings, Inc. 6.38% 03/01/2032	1.25%
Citibank, New York 3.68% 05/01/2025	1.23%
TransDigm, Inc. 6.38% 03/01/2029	0.88%
EMRLD Borrower LP/Emerald Co.-Issuer, Inc. 6.63% 12/15/2030	0.87%
American Airlines, Inc./AAdvantage Loyalty IP Ltd. 5.75% 04/20/2029	0.87%
Mauser Packaging Solutions Holding Co. 7.88% 04/15/2027	0.84%
TransDigm, Inc. 5.50% 11/15/2027	0.84%
Allied Universal Holdco LLC 7.88% 02/15/2031	0.78%
Neptune Bidco US, Inc. 9.29% 04/15/2029	0.73%
TransDigm, Inc. 6.63% 03/01/2032	0.71%

Footnote	Description
Footnote^*	Subject to change

Sub-Sector Breakdown (% of Net Assets)

Commercial Services	14.0%
Chemicals	12.7%
Packaging & Containers	9.0%
Aerospace/Defense	8.8%
Building Materials	8.6%
Mining	5.5%
Iron/Steel	4.7%
Home Builders	4.3%
Airlines	3.3%
Environmental Control	2.8%
Others	24.3%
Cash and Equivalents	2.0%

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	2.0%
10+ Years	0.4%
7-10 Years	8.9%
5-7 Years	22.9%
3-5 Years	43.7%
2-3 Years	15.5%
0-2 Years	6.6%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XHYI

BondBloxx USD High Yield Bond Industrial Sector ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-industrial-sector-etf

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-industrial-sector-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

Householding

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address ("householding"). If you prefer that your Fund documents not be householded, please contact BondBloxx at 800-896-5089 or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by BondBloxx or your financial intermediary.

BBLX XHYI 0425

XHYT

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF (the "Fund") seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds in the telecommunications, media and technology sectors.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-telecom-media-and-technology-sector-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF	$18	0.35%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$77,799,467
# of Portfolio Holdings	300
Total Advisory Fees Paid During Reporting Period	$197,271
Portfolio Turnover Rate	16%
Expense Ratio	0.35%
Shares Outstanding	2,275,000
Fund Launch Date	2/15/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C507

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Altice Financing SA 5.75% 08/15/2029	2.36%
EchoStar Corp. 10.75% 11/30/2029	2.17%
Cloud Software Group, Inc. 6.50% 03/31/2029	1.53%
Cloud Software Group, Inc. 9.00% 09/30/2029	1.48%
DISH Network Corp. 11.75% 11/15/2027	1.45%
Directv Financing LLC/Directv Financing Co.-Obligor, Inc. 5.88% 08/15/2027	1.22%
CCO Holdings LLC/CCO Holdings Capital Corp. 5.13% 05/01/2027	1.21%
ANZ National Bank, London 3.68% 05/01/2025	1.13%
Intelsat Jackson Holdings SA 6.50% 03/15/2030	1.13%
CCO Holdings LLC/CCO Holdings Capital Corp. 4.75% 03/01/2030	1.09%

Footnote	Description
Footnote^*	Subject to change

Sub-Sector Breakdown (% of Net Assets)

Media	36.5%
Telecommunications	27.9%
Software	11.3%
Internet	5.7%
Computers	4.1%
Advertising	3.3%
Semiconductors	2.0%
Electronics	1.7%
Commercial Services	1.4%
Others	3.2%
Cash and Equivalents	2.9%

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	2.9%
10+ Years	5.7%
7-10 Years	7.8%
5-7 Years	19.9%
3-5 Years	43.7%
2-3 Years	14.3%
0-2 Years	5.7%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XHYT

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-telecom-media-and-technology-sector-etf

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-telecom-media-and-technology-sector-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

Householding

BBLX XHYT 0425

XHYH

BondBloxx USD High Yield Bond Healthcare Sector ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx USD High Yield Bond Healthcare Sector ETF (the "Fund") seeks to track the investment results of an index composed of U.S. dollar denominated, high yield corporate bonds in the healthcare sector.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-healthcare-sector-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx USD High Yield Bond Healthcare Sector ETF	$18	0.35%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$30,380,964
# of Portfolio Holdings	124
Total Advisory Fees Paid During Reporting Period	$78,110
Portfolio Turnover Rate	15%
Expense Ratio	0.35%
Shares Outstanding	875,000
Fund Launch Date	2/15/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C408

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

1261229 BC Ltd. 10.00% 04/15/2032	3.87%
Medline Borrower LP 3.88% 04/01/2029	3.81%
DaVita, Inc. 4.63% 06/01/2030	2.31%
Tenet Healthcare Corp. 6.13% 10/01/2028	2.30%
Medline Borrower LP 5.25% 10/01/2029	2.16%
CHS/Community Health Systems, Inc. 10.88% 01/15/2032	2.09%
CVS Health Corp. 7.00% 03/10/2055	2.05%
AthenaHealth Group, Inc. 6.50% 02/15/2030	2.03%
SEB, Stockholm 3.68% 05/01/2025	1.94%
Tenet Healthcare Corp. 6.13% 06/15/2030	1.82%

Footnote	Description
Footnote^*	Subject to change

Sub-Sector Breakdown (% of Net Assets)

Healthcare-Services	46.9%
Pharmaceuticals	24.4%
Healthcare-Products	14.9%
Commercial Services	5.8%
Cosmetics/Personal Care	3.3%
Software	2.3%
Biotechnology	0.3%
Cash and Equivalents	2.1%

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	2.1%
10+ Years	3.5%
7-10 Years	7.0%
5-7 Years	30.9%
3-5 Years	42.5%
2-3 Years	9.4%
0-2 Years	4.6%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XHYH

BondBloxx USD High Yield Bond Healthcare Sector ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-healthcare-sector-etf

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-healthcare-sector-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

Householding

BBLX XHYH 0425

XHYF

BondBloxx USD High Yield Bond Financial & REIT Sector ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx USD High Yield Bond Financial & REIT Sector ETF (the "Fund") seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds in the financial and REIT sector.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-financial-and-reit-sector-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx USD High Yield Bond Financial & REIT Sector ETF	$18	0.35%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$40,125,964
# of Portfolio Holdings	273
Total Advisory Fees Paid During Reporting Period	$98,597
Portfolio Turnover Rate	14%
Expense Ratio	0.35%
Shares Outstanding	1,075,000
Fund Launch Date	2/15/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C309

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

HUB International Ltd. 7.25% 06/15/2030	1.82%
Panther Escrow Issuer LLC 7.13% 06/01/2031	1.66%
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC 10.50% 02/15/2028	1.60%
Boost Newco Borrower LLC 7.50% 01/15/2031	1.22%
Block, Inc. 6.50% 05/15/2032	1.11%
HUB International Ltd. 7.38% 01/31/2032	1.07%
Jane Street Group/JSG Finance, Inc. 6.13% 11/01/2032	0.86%
Ardonagh Group Finance Ltd. 8.88% 02/15/2032	0.83%
MPT Operating Partnership LP/MPT Finance Corp. 8.50% 02/15/2032	0.81%
SBA Communications Corp. 3.88% 02/15/2027	0.80%

Footnote	Description
Footnote^*	Subject to change

Sub-Sector Breakdown (% of Net Assets)

Diversified Financial Services	34.6%
Real Estate Investment Trust (REITS)	25.3%
Insurance	19.5%
Commercial Services	5.6%
Investment Companies	3.4%
Banks	3.3%
Trucking & Leasing	1.9%
Advertising	1.1%
Retail	0.8%
Computers	0.5%
Others	1.7%
Cash and Equivalents	2.3%

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	2.3%
Defaulted	0.6%
10+ Years	2.2%
7-10 Years	9.0%
5-7 Years	30.0%
3-5 Years	34.5%
2-3 Years	12.2%
0-2 Years	9.2%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XHYF

BondBloxx USD High Yield Bond Financial & REIT Sector ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-financial-and-reit-sector-etf

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-financial-and-reit-sector-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

Householding

BBLX XHYF 0425

XHYE

BondBloxx USD High Yield Bond Energy Sector ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx USD High Yield Bond Energy Sector ETF (the "Fund") seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds in the energy sector.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-energy-sector-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx USD High Yield Bond Energy Sector ETF	$17	0.35%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$11,234,979
# of Portfolio Holdings	218
Total Advisory Fees Paid During Reporting Period	$25,128
Portfolio Turnover Rate	11%
Expense Ratio	0.35%
Shares Outstanding	302,500
Fund Launch Date	2/15/2022
Exchange	NYSE Arca, Inc.
CUSIP	097890107

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Citibank, New York 3.68% 05/01/2025	3.86%
Venture Global LNG, Inc. 9.50% 02/01/2029	2.12%
Venture Global LNG, Inc. 8.13% 06/01/2028	1.50%
Venture Global LNG, Inc. 8.38% 06/01/2031	1.46%
Venture Global LNG, Inc. 9.88% 02/01/2032	1.40%
NFE Financing LLC 12.00% 11/15/2029	1.26%
Weatherford International Ltd. 8.63% 04/30/2030	1.05%
Comstock Resources, Inc. 6.75% 03/01/2029	1.01%
Venture Global LNG, Inc. 7.00% 01/15/2030	0.96%
Civitas Resources, Inc. 8.38% 07/01/2028	0.92%

Footnote	Description
Footnote^*	Subject to change

Sub-Sector Breakdown (% of Net Assets)

Oil & Gas	48.4%
Pipelines	39.4%
Oil & Gas Services	6.2%
Gas	2.3%
Chemicals	0.6%
Retail	0.6%
Cash and Equivalents	2.5%

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	2.5%
10+ Years	3.4%
7-10 Years	13.1%
5-7 Years	21.3%
3-5 Years	43.6%
2-3 Years	10.1%
0-2 Years	6.0%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XHYE

BondBloxx USD High Yield Bond Energy Sector ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-energy-sector-etf

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-energy-sector-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

Householding

BBLX XHYE 0425

XHYC

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF (the "Fund") seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds in the consumer cyclicals sector.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-consumer-cyclicals-sector-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF	$17	0.35%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$42,027,036
# of Portfolio Holdings	278
Total Advisory Fees Paid During Reporting Period	$118,149
Portfolio Turnover Rate	16%
Expense Ratio	0.35%
Shares Outstanding	1,150,000
Fund Launch Date	2/15/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C101

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Carnival Corp. 5.75% 03/01/2027	1.49%
Nissan Motor Co. Ltd. 4.35% 09/17/2027	1.31%
Nissan Motor Co. Ltd. 4.81% 09/17/2030	1.27%
Rakuten Group, Inc. 9.75% 04/15/2029	1.16%
Caesars Entertainment, Inc. 7.00% 02/15/2030	1.10%
Carnival Corp. 6.00% 05/01/2029	1.09%
Royal Caribbean Cruises Ltd. 6.00% 02/01/2033	1.09%
Carnival Corp. 6.13% 02/15/2033	1.09%
Rakuten Group, Inc. 11.25% 02/15/2027	1.06%
Tenneco, Inc. 8.00% 11/17/2028	0.99%

Footnote	Description
Footnote^*	Subject to change

Sub-Sector Breakdown (% of Net Assets)

Entertainment	20.0%
Retail	17.2%
Leisure Time	15.4%
Lodging	11.6%
Auto Parts $ Equipment	10.7%
Auto Manufacturers	7.1%
Real Estate	4.4%
Internet	4.4%
Apparel	3.1%
Commercial Services	2.2%
Others	2.3%
Cash and Equivalents	1.6%

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.6%
Defaulted	1.2%
10+ Years	1.9%
7-10 Years	7.7%
5-7 Years	21.9%
3-5 Years	39.3%
2-3 Years	15.6%
0-2 Years	10.8%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XHYC

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-consumer-cyclicals-sector-etf

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-consumer-cyclicals-sector-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

Householding

BBLX XHYC 0425

XHYD

BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF (the "Fund") seeks to track the investment results of an index composed of U.S. dollar-denominated, high yield corporate bonds in the consumer non-cyclicals sector.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-consumer-non-cyclicals-sector-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF	$18	0.35%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$23,513,962
# of Portfolio Holdings	169
Total Advisory Fees Paid During Reporting Period	$54,991
Portfolio Turnover Rate	12%
Expense Ratio	0.35%
Shares Outstanding	625,000
Fund Launch Date	2/15/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C200

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

1011778 BC ULC/New Red Finance, Inc. 4.00% 10/15/2030	2.18%
Electricite de France SA 9.13%	1.38%
Vistra Operations Co. LLC 7.75% 10/15/2031	1.30%
Lightning Power LLC 7.25% 08/15/2032	1.28%
1011778 BC ULC/New Red Finance, Inc. 3.88% 01/15/2028	1.21%
PG&E Corp. 7.38% 03/15/2055	1.20%
Walgreens Boots Alliance, Inc. 3.45% 06/01/2026	1.17%
Calpine Corp. 5.13% 03/15/2028	1.12%
Albertsons Cos, Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC 4.63% 01/15/2027	1.11%
Vistra Operations Co. LLC 5.63% 02/15/2027	1.07%

Footnote	Description
Footnote^*	Subject to change

Sub-Sector Breakdown (% of Net Assets)

Electric	33.1%
Food	25.7%
Retail	19.3%
Housewares	4.1%
Household Products/Wares	1.9%
Pharmaceuticals	1.8%
Energy-Alternate Sources	1.5%
Agriculture	1.5%
Gas	1.4%
Electrical Components & Equipment	1.3%
Others	6.4%
Cash and Equivalents	2.0%

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	2.0%
Defaulted	1.4%
10+ Years	8.2%
7-10 Years	10.7%
5-7 Years	25.5%
3-5 Years	33.7%
2-3 Years	11.9%
0-2 Years	6.6%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XHYD

BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-consumer-non-cyclicals-sector-etf

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-consumer-non-cyclicals-sector-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

Householding

BBLX XHYD 0425

HYSA

BondBloxx USD High Yield Bond Sector Rotation ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx USD High Yield Bond Sector Rotation ETF (the "Fund") seeks to provide total return by primarily investing its assets in U.S. dollar-denominated, high yield corporate bonds in the various sectors of the fixed income securities market through other exchange-traded funds ("ETFs").

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-sector-rotation-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx USD High Yield Bond Sector Rotation ETF	$10	0.20%^{Footnote Reference*}

Footnote	Description
Footnote^*	Annualized.

Key Fund Statistics

Total Net Assets	$30,506,908
# of Portfolio Holdings	8
Total Advisory Fees Paid During Reporting Period	$-
Portfolio Turnover Rate	5%
Expense Ratio (excluding affiliated acquired fund fees and expenses)	0.20%
Shares Outstanding	2,050,000
Fund Launch Date	9/16/2023
Exchange	NYSE Arca, Inc.
CUSIP	09789C770

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

BondBloxx USD High Yield Bond Industrial Sector ETF	24.12%
BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF	21.32%
BondBloxx USD High Yield Bond Financial & REIT Sector ETF	14.27%
BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF	13.72%
BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF	9.28%
BondBloxx USD High Yield Bond Energy Sector ETF	9.26%
BondBloxx USD High Yield Bond Healthcare Sector ETF	7.93%
SEB, Stockholm 3.68% 05/01/2025	0.23%

Footnote	Description
Footnote^*	Subject to change

HYSA

BondBloxx USD High Yield Bond Sector Rotation ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-sector-rotation-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-usd-high-yield-bond-sector-rotation-etf

Householding

BBLX HYSA 0425

XBB

BondBloxx BB Rated USD High Yield Corporate Bond ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx BB Rated USD High Yield Corporate Bond ETF (the "Fund") seeks to track the investment results of an index composed of BB (or its equivalent) fixed rate U.S. dollar-denominated, high yield corporate bonds.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-bb-rated-usd-high-yield-corporate-bond-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx BB Rated USD High Yield Corporate Bond ETF	$10	0.20%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$280,661,923
# of Portfolio Holdings	971
Total Advisory Fees Paid During Reporting Period	$107,094
Portfolio Turnover Rate	14%
Expense Ratio	0.20%
Shares Outstanding	7,000,000
Fund Launch Date	5/24/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C705

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Citibank, New York 3.68% 05/01/2025	0.72%
Medline Borrower LP 3.88% 04/01/2029	0.59%
Quikrete Holdings, Inc. 6.38% 03/01/2032	0.56%
Directv Financing LLC/Directv Financing Co.-Obligor, Inc. 5.88% 08/15/2027	0.45%
Venture Global LNG, Inc. 9.50% 02/01/2029	0.44%
Intelsat Jackson Holdings SA 6.50% 03/15/2030	0.42%
American Airlines, Inc./AAdvantage Loyalty IP Ltd. 5.75% 04/20/2029	0.41%
EMRLD Borrower LP/Emerald Co.-Issuer, Inc. 6.63% 12/15/2030	0.39%
TransDigm, Inc. 6.38% 03/01/2029	0.39%
Carnival Corp. 5.75% 03/01/2027	0.38%

Footnote	Description
Footnote^*	Subject to change

Sector Breakdown (% of Net Assets)

Consumer Cyclical	18.3%
Consumer Non-Cyclical	14.4%
Energy	13.0%
Industrial	12.7%
Financial	12.6%
Communications	11.6%
Basic Materials	6.7%
Utilities	5.5%
Technology	3.1%
Diversified	0.3%
Cash and Equivalents	1.8%

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.8%
Defaulted	0.4%
10+ Years	4.9%
7-10 Years	11.0%
5-7 Years	25.7%
3-5 Years	35.8%
2-3 Years	13.6%
0-2 Years	6.8%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XBB

BondBloxx BB Rated USD High Yield Corporate Bond ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-bb-rated-usd-high-yield-corporate-bond-etf

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-bb-rated-usd-high-yield-corporate-bond-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

Householding

BBLX XBB 0425

BondBloxx B Rated USD High Yield Corporate Bond ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx B Rated USD High Yield Corporate Bond ETF (the "Fund") seeks to track the investment results of an index composed of B (or its equivalent) fixed rate U.S. dollar-denominated, high yield corporate bonds.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025.You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-b-rated-usd-high-yield-corporate-bond-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx B Rated USD High Yield Corporate Bond ETF	$15	0.30%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$29,060,082
# of Portfolio Holdings	646
Total Advisory Fees Paid During Reporting Period	$35,146
Portfolio Turnover Rate	17%
Expense Ratio	0.30%
Shares Outstanding	750,000
Fund Launch Date	5/24/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C804

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

EchoStar Corp. 10.75% 11/30/2029	1.22%
JP Morgan Chase, New York 3.68% 05/01/2025	1.18%
1261229 BC Ltd. 10.00% 04/15/2032	0.88%
Cloud Software Group, Inc. 6.50% 03/31/2029	0.83%
DISH Network Corp. 11.75% 11/15/2027	0.80%
HUB International Ltd. 7.25% 06/15/2030	0.71%
Panther Escrow Issuer LLC 7.13% 06/01/2031	0.67%
Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC 10.50% 02/15/2028	0.61%
1011778 BC ULC/New Red Finance, Inc. 4.00% 10/15/2030	0.60%
Mauser Packaging Solutions Holding Co. 7.88% 04/15/2027	0.59%

Footnote	Description
Footnote^*	Subject to change

Sector Breakdown (% of Net Assets)

Consumer Cyclical	19.8%
Consumer Non-Cyclical	18.8%
Communications	14.5%
Financial	12.1%
Industrial	10.0%
Energy	9.6%
Technology	5.7%
Basic Materials	5.4%
Utilities	1.8%
Diversified	0.1%
Cash and Equivalents	2.2%

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	2.2%
Defaulted	0.5%
10+ Years	0.6%
7-10 Years	6.0%
5-7 Years	25.1%
3-5 Years	46.1%
2-3 Years	13.4%
0-2 Years	6.1%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

BondBloxx B Rated USD High Yield Corporate Bond ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-b-rated-usd-high-yield-corporate-bond-etf

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-b-rated-usd-high-yield-corporate-bond-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

Householding

BBLX XB 0425

XCCC

BondBloxx CCC Rated USD High Yield Corporate Bond ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx CCC Rated USD High Yield Corporate Bond ETF (the "Fund") seeks to track the investment results of an index composed of CCC (or its equivalent) fixed-rate U.S. dollar-denominated, high yield corporate bonds.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-ccc-rated-usd-high-yield-corporate-bond-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx CCC Rated USD High Yield Corporate Bond ETF	$20	0.40%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$123,041,688
# of Portfolio Holdings	222
Total Advisory Fees Paid During Reporting Period	$255,929
Portfolio Turnover Rate	22%
Expense Ratio	0.40%
Shares Outstanding	3,300,000
Fund Launch Date	5/24/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C887

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Altice Financing SA 5.75% 08/15/2029	2.44%
Cloud Software Group, Inc. 9.00% 09/30/2029	1.97%
AthenaHealth Group, Inc. 6.50% 02/15/2030	1.94%
HUB International Ltd. 7.38% 01/31/2032	1.53%
McAfee Corp. 7.38% 02/15/2030	1.50%
Ardonagh Group Finance Ltd. 8.88% 02/15/2032	1.35%
JP Morgan Chase, New York 3.68% 05/01/2025	1.11%
Mauser Packaging Solutions Holding Co. 9.25% 04/15/2027	1.07%
Alliant Holdings Intermediate LLC/Alliant Holdings Co.-Issuer, Inc. 6.75% 10/15/2027	1.06%
FXI Holdings, Inc. 12.25% 11/15/2026	0.95%

Footnote	Description
Footnote^*	Subject to change

Sector Breakdown (% of Net Assets)

Communications	22.9%
Financial	18.7%
Consumer Non-Cyclical	15.2%
Consumer Cyclical	12.4%
Industrial	12.2%
Technology	6.9%
Basic Materials	4.6%
Energy	4.2%
Cash and Equivalents	2.9%

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	2.9%
10+ Years	0.7%
7-10 Years	4.2%
5-7 Years	12.4%
3-5 Years	55.4%
2-3 Years	12.2%
0-2 Years	12.2%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XCCC

BondBloxx CCC Rated USD High Yield Corporate Bond ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-ccc-rated-usd-high-yield-corporate-bond-etf

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-ccc-rated-usd-high-yield-corporate-bond-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

Householding

BBLX XCCC 0425

BBBS

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx BBB Rated 1-5 Year Corporate Bond ETF (the "Fund") seeks to track the investment results of an index composed of BBB-rated, fixed-rate, taxable U.S. dollar-denominated corporate bonds issued by U.S. and non-U.S. corporate issuers with remaining maturities of greater than or equal to one year and less than five years.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/BondBloxx-BBB-Rated-1-5-Year-Corporate-Bond-ETF/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx BBB Rated 1-5 Year Corporate Bond ETF	$10	0.19%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$120,046,956
# of Portfolio Holdings	1,190
Total Advisory Fees Paid During Reporting Period	$75,529
Portfolio Turnover Rate	18%
Expense Ratio	0.19%
Shares Outstanding	2,350,000
Fund Launch Date	1/23/2024
Exchange	NYSE Arca, Inc.
CUSIP	09789C754

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

T-Mobile USA, Inc. 3.88% 04/15/2030	0.62%
CVS Health Corp. 4.30% 03/25/2028	0.46%
T-Mobile USA, Inc. 3.75% 04/15/2027	0.37%
Verizon Communications, Inc. 4.02% 12/03/2029	0.36%
Amgen, Inc. 5.15% 03/02/2028	0.36%
Citigroup, Inc. 4.45% 09/29/2027	0.36%
Warnermedia Holdings, Inc. 3.76% 03/15/2027	0.36%
Cigna Group 4.38% 10/15/2028	0.35%
Verizon Communications, Inc. 4.33% 09/21/2028	0.34%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust 2.45% 10/29/2026	0.33%

Footnote	Description
Footnote^*	Subject to change

Sector Breakdown (% of Net Assets)

Financial	26.2%
Consumer Non-Cyclical	17.2%
Technology	10.8%
Consumer Cyclical	10.1%
Communications	8.4%
Utilities	8.2%
Energy	8.0%
Industrial	7.6%
Basic Materials	2.0%
Cash and Equivalents	1.5%

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.5%
10+ Years	1.5%
7-10 Years	0.4%
5-7 Years	2.1%
3-5 Years	48.8%
2-3 Years	25.2%
0-2 Years	20.5%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

BBBS

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/BondBloxx-BBB-Rated-1-5-Year-Corporate-Bond-ETF

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/BondBloxx-BBB-Rated-1-5-Year-Corporate-Bond-ETF/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

Householding

BBLX BBBS 0425

BBBI

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx BBB Rated 5-10 Year Corporate Bond ETF (the "Fund") seeks to track the investment results of an index composed of BBB-rated, fixed-rate, taxable U.S. dollar-denominated corporate bonds issued by U.S. and non-U.S. corporate issuers with remaining maturities of greater than or equal to five years and less than ten years.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/BondBloxx-BBB-Rated-5-10-Year-Corporate-Bond-ETF/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx BBB Rated 5-10 Year Corporate Bond ETF	$10	0.19%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$10,158,573
# of Portfolio Holdings	973
Total Advisory Fees Paid During Reporting Period	$10,240
Portfolio Turnover Rate	23%
Expense Ratio	0.19%
Shares Outstanding	200,000
Fund Launch Date	1/23/2024
Exchange	NYSE Arca, Inc.
CUSIP	09789C747

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Boeing Co. 5.15% 05/01/2030	0.50%
Warnermedia Holdings, Inc. 4.28% 03/15/2032	0.42%
Verizon Communications, Inc. 2.36% 03/15/2032	0.42%
Deutsche Telekom International Finance BV 8.75% 06/15/2030	0.41%
Amgen, Inc. 5.25% 03/02/2033	0.40%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust 3.30% 01/30/2032	0.39%
British Telecommunications PLC 9.63% 12/15/2030	0.36%
Oracle Corp. 2.88% 03/25/2031	0.35%
Citigroup, Inc. 6.17% 05/25/2034	0.35%
AT&T, Inc. 5.40% 02/15/2034	0.35%

Footnote	Description
Footnote^*	Subject to change

Sector Breakdown (% of Net Assets)

Financial	24.7%
Consumer Non-Cyclical	16.0%
Energy	10.7%
Technology	10.2%
Communications	9.8%
Utilities	8.5%
Consumer Cyclical	8.0%
Industrial	7.9%
Basic Materials	2.6%
Cash and Equivalents	1.6%

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.6%
10+ Years	5.6%
7-10 Years	52.0%
5-7 Years	40.8%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

BBBI

BondBloxx BBB Rated 5-10 Year Corporate Bond ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/BondBloxx-BBB-Rated-5-10-Year-Corporate-Bond-ETF

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/BondBloxx-BBB-Rated-5-10-Year-Corporate-Bond-ETF/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

Householding

BBLX BBBI 0425

BBBL

BondBloxx BBB Rated 10+ Year Corporate Bond ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx BBB Rated 10+ Year Corporate Bond ETF (the "Fund") seeks to track the investment results of an index composed of BBB-rated, fixed-rate, taxable U.S. dollar-denominated corporate bonds issued by U.S. and non-U.S. corporate issuers with remaining maturities of greater than or equal to ten years.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/BondBloxx-BBB-Rated-10-Year-Corporate-Bond-ETF/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx BBB Rated 10+ Year Corporate Bond ETF	$9	0.19%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$7,108,048
# of Portfolio Holdings	888
Total Advisory Fees Paid During Reporting Period	$8,967
Portfolio Turnover Rate	14%
Expense Ratio	0.19%
Shares Outstanding	150,000
Fund Launch Date	1/23/2024
Exchange	NYSE Arca, Inc.
CUSIP	09789C762

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

CVS Health Corp. 5.05% 03/25/2048	0.78%
Goldman Sachs Group, Inc. 6.75% 10/01/2037	0.68%
Boeing Co. 5.81% 05/01/2050	0.59%
AT&T, Inc. 3.50% 09/15/2053	0.57%
AT&T, Inc. 3.55% 09/15/2055	0.56%
Amgen, Inc. 5.65% 03/02/2053	0.54%
Warnermedia Holdings, Inc. 5.14% 03/15/2052	0.53%
CVS Health Corp. 4.78% 03/25/2038	0.51%
AT&T, Inc. 3.80% 12/01/2057	0.49%
AT&T, Inc. 3.65% 09/15/2059	0.47%

Footnote	Description
Footnote^*	Subject to change

Sector Breakdown (% of Net Assets)

Consumer Non-Cyclical	20.7%
Communications	19.3%
Energy	13.1%
Technology	9.9%
Financial	9.3%
Industrial	8.5%
Utilities	6.7%
Consumer Cyclical	5.7%
Basic Materials	5.0%
Cash and Equivalents	1.8%

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.8%
10+ Years	98.2%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

BBBL

BondBloxx BBB Rated 10+ Year Corporate Bond ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/BondBloxx-BBB-Rated-10-Year-Corporate-Bond-ETF

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/BondBloxx-BBB-Rated-10-Year-Corporate-Bond-ETF/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

Householding

BBLX BBBL 0425

XEMD

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Cboe BZX Exchange, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (the "Fund") seeks to track the investment results of an index composed of U.S. dollar-denominated emerging market bonds with an average life of below 10 years.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025.You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-jp-morgan-usd-emerging-markets-1-10-year-bond-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF	$15	0.29%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$343,301,367
# of Portfolio Holdings	444
Total Advisory Fees Paid During Reporting Period	$450,416
Portfolio Turnover Rate	15%
Expense Ratio	0.29%
Shares Outstanding	8,150,000
Fund Launch Date	6/28/2022
Exchange	Cboe BZX Exchange, Inc.
CUSIP	09789C879

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Argentine Republic Government International Bond 4.13% 07/09/2035	1.52%
Argentine Republic Government International Bond 0.75% 07/09/2030	1.07%
Ecuador Government International Bond 5.50% 07/31/2035	0.95%
Argentine Republic Government International Bond 5.00% 01/09/2038	0.89%
Argentine Republic Government International Bond 3.50% 07/09/2041	0.73%
Kuwait International Government Bond 3.50% 03/20/2027	0.70%
Ghana Government International Bond 5.00% 07/03/2035	0.67%
Ghana Government International Bond 5.00% 07/03/2029	0.59%
Uruguay Government International Bond 5.75% 10/28/2034	0.56%
Peruvian Government International Bond 2.78% 01/23/2031	0.56%

Footnote	Description
Footnote^*	Subject to change

Top 10 Countries^{Footnote Reference*} (% of Net Assets)

Saudi Arabia	7.1%
Turkey	5.7%
Argentina	4.4%
Mexico	4.2%
Poland	4.1%
United Arab Emirates	4.1%
Bahrain	3.6%
Brazil	3.5%
Indonesia	3.4%
Romania	3.4%

Footnote	Description
Footnote^*	Subject to change

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.3%
Defaulted	0.8%
10+ Years	6.2%
7-10 Years	27.4%
5-7 Years	19.0%
3-5 Years	20.5%
2-3 Years	12.0%
0-2 Years	12.8%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XEMD

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

Cboe BZX Exchange, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-jp-morgan-usd-emerging-markets-1-10-year-bond-etf

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-jp-morgan-usd-emerging-markets-1-10-year-bond-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

Householding

BBLX XEMD 0425

XHLF

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx Bloomberg Six Month Target Duration US Treasury ETF (the "Fund") seeks to track the investment results of an index composed of U.S. Treasury securities with a duration between 1 and 12 months.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-bloomberg-six-month-target-duration-us-treasury-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx Bloomberg Six Month Target Duration US Treasury ETF	$2	0.03%^{Footnote Reference*}

Footnote	Description
Footnote^*	Annualized.

Key Fund Statistics

Total Net Assets	$1,325,161,216
# of Portfolio Holdings	22
Total Advisory Fees Paid During Reporting Period	$148,424
Portfolio Turnover Rate	38%
Expense Ratio	0.03%
Shares Outstanding	26,320,000
Fund Launch Date	9/13/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C788

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

U.S. Treasury Bill ZCP 09/04/2025	9.12%
U.S. Treasury Bill ZCP 02/19/2026	8.35%
U.S. Treasury Bill ZCP 01/22/2026	8.28%
U.S. Treasury Bill ZCP 10/30/2025	7.84%
U.S. Treasury Bill ZCP 03/19/2026	7.74%
U.S. Treasury Bill ZCP 06/12/2025	7.68%
U.S. Treasury Bill ZCP 07/10/2025	7.47%
U.S. Treasury Bill ZCP 11/28/2025	7.41%
U.S. Treasury Bill ZCP 12/26/2025	7.40%
U.S. Treasury Bill ZCP 10/02/2025	6.93%

Footnote	Description
Footnote^*	Subject to change

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	0.0%^{Footnote Reference**}
0-2 Years	100.0%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.
Footnote^**	Percentage is less than 0.05%.

XHLF

BondBloxx Bloomberg Six Month Target Duration US Treasury ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-bloomberg-six-month-target-duration-us-treasury-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-bloomberg-six-month-target-duration-us-treasury-etf

Householding

BBLX XHLF 0425

XONE

BondBloxx Bloomberg One Year Target Duration US Treasury ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx Bloomberg One Year Target Duration US Treasury ETF (the "Fund") seeks to track the investment results of an index composed of U.S. Treasury securities with a duration between 6 and 18 months.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-bloomberg-one-year-target-duration-us-treasury-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx Bloomberg One Year Target Duration US Treasury ETF	$2	0.03%^{Footnote Reference*}

Footnote	Description
Footnote^*	Annualized.

Key Fund Statistics

Total Net Assets	$582,239,576
# of Portfolio Holdings	60
Total Advisory Fees Paid During Reporting Period	$85,245
Portfolio Turnover Rate	29%
Expense Ratio	0.03%
Shares Outstanding	11,700,000
Fund Launch Date	9/13/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C861

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

U.S. Treasury Note 4.63% 02/28/2026	2.96%
U.S. Treasury Note 4.25% 01/31/2026	2.74%
U.S. Treasury Note 4.50% 03/31/2026	2.66%
U.S. Treasury Note 0.38% 01/31/2026	2.64%
U.S. Treasury Note 2.25% 11/15/2025	2.60%
U.S. Treasury Note 3.75% 08/31/2026	2.57%
U.S. Treasury Note 0.50% 02/28/2026	2.53%
U.S. Treasury Note 4.38% 07/31/2026	2.51%
U.S. Treasury Note 4.63% 06/30/2026	2.51%
U.S. Treasury Note 4.88% 04/30/2026	2.50%

Footnote	Description
Footnote^*	Subject to change

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.1%
0-2 Years	98.9%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XONE

BondBloxx Bloomberg One Year Target Duration US Treasury ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-bloomberg-one-year-target-duration-us-treasury-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-bloomberg-one-year-target-duration-us-treasury-etf

Householding

BBLX XONE 0425

XTWO

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (the "Fund") seeks to track the investment results of an index composed of U.S. Treasury securities with a duration between 1 and 3 years.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-bloomberg-two-year-target-duration-us-treasury-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx Bloomberg Two Year Target Duration US Treasury ETF	$3	0.05%^{Footnote Reference*}

Footnote	Description
Footnote^*	Annualized.

Key Fund Statistics

Total Net Assets	$129,263,673
# of Portfolio Holdings	93
Total Advisory Fees Paid During Reporting Period	$34,022
Portfolio Turnover Rate	26%
Expense Ratio	0.05%
Shares Outstanding	2,600,000
Fund Launch Date	9/13/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C853

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

U.S. Treasury Note 1.50% 01/31/2027	2.00%
U.S. Treasury Note 1.25% 11/30/2026	1.69%
U.S. Treasury Note 2.38% 05/15/2027	1.59%
U.S. Treasury Note 0.75% 08/31/2026	1.59%
U.S. Treasury Note 3.75% 08/15/2027	1.57%
U.S. Treasury Note 3.38% 09/15/2027	1.56%
U.S. Treasury Note 0.75% 01/31/2028	1.54%
U.S. Treasury Note 0.88% 06/30/2026	1.54%
U.S. Treasury Note 4.50% 05/15/2027	1.53%
U.S. Treasury Note 2.50% 03/31/2027	1.52%

Footnote	Description
Footnote^*	Subject to change

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.0%
3-5 Years	5.4%
2-3 Years	49.1%
0-2 Years	44.5%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XTWO

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-bloomberg-two-year-target-duration-us-treasury-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-bloomberg-two-year-target-duration-us-treasury-etf

Householding

BBLX XTWO 0425

XTRE

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx Bloomberg Three Year Target Duration US Treasury ETF (the "Fund") seeks to track the investment results of an index composed of U.S. Treasury securities with a duration between 2 and 4 years.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-bloomberg-three-year-target-duration-us-treasury-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx Bloomberg Three Year Target Duration US Treasury ETF	$3	0.05%^{Footnote Reference*}

Footnote	Description
Footnote^*	Annualized.

Key Fund Statistics

Total Net Assets	$151,813,762
# of Portfolio Holdings	79
Total Advisory Fees Paid During Reporting Period	$27,678
Portfolio Turnover Rate	28%
Expense Ratio	0.05%
Shares Outstanding	3,040,000
Fund Launch Date	9/13/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C846

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

U.S. Treasury Note 4.50% 05/31/2029	2.27%
U.S. Treasury Note 4.00% 07/31/2029	2.12%
U.S. Treasury Note 4.63% 04/30/2029	2.10%
U.S. Treasury Note 4.13% 03/31/2029	2.06%
U.S. Treasury Note 4.25% 06/30/2029	2.05%
U.S. Treasury Note 4.25% 02/28/2029	1.84%
U.S. Treasury Note 2.88% 08/15/2028	1.82%
U.S. Treasury Note 4.00% 01/31/2029	1.80%
U.S. Treasury Note 1.25% 09/30/2028	1.78%
U.S. Treasury Note 0.75% 01/31/2028	1.76%

Footnote	Description
Footnote^*	Subject to change

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.0%
3-5 Years	57.1%
2-3 Years	41.8%
0-2 Years	0.1%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XTRE

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-bloomberg-three-year-target-duration-us-treasury-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-bloomberg-three-year-target-duration-us-treasury-etf

Householding

BBLX XTRE 0425

XFIV

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (the "Fund") seeks to track the investment results of an index composed of U.S. Treasury securities with a duration between 4 and 6 years.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-bloomberg-five-year-target-duration-us-treasury-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx Bloomberg Five Year Target Duration US Treasury ETF	$3	0.05%^{Footnote Reference*}

Footnote	Description
Footnote^*	Annualized.

Key Fund Statistics

Total Net Assets	$148,244,819
# of Portfolio Holdings	51
Total Advisory Fees Paid During Reporting Period	$36,168
Portfolio Turnover Rate	41%
Expense Ratio	0.05%
Shares Outstanding	2,990,000
Fund Launch Date	9/13/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C838

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

U.S. Treasury Note 1.63% 05/15/2031	4.97%
U.S. Treasury Note 1.13% 02/15/2031	4.86%
U.S. Treasury Note 0.63% 08/15/2030	4.50%
U.S. Treasury Note 0.88% 11/15/2030	4.38%
U.S. Treasury Note 4.00% 02/28/2030	2.81%
U.S. Treasury Note 4.25% 06/30/2031	2.58%
U.S. Treasury Note 4.25% 01/31/2030	2.52%
U.S. Treasury Note 4.38% 12/31/2029	2.51%
U.S. Treasury Note 4.50% 12/31/2031	2.47%
U.S. Treasury Note 4.63% 05/31/2031	2.45%

Footnote	Description
Footnote^*	Subject to change

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.4%
5-7 Years	69.5%
3-5 Years	29.1%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XFIV

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-bloomberg-five-year-target-duration-us-treasury-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-bloomberg-five-year-target-duration-us-treasury-etf

Householding

BBLX XFIV 0425

XSVN

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF (the "Fund") seeks to track the investment results of an index composed of U.S. Treasury securities with a duration between 5 and 9 years.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025.You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-bloomberg-seven-year-target-duration-us-treasury-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF	$3	0.05%^{Footnote Reference*}

Footnote	Description
Footnote^*	Annualized.

Key Fund Statistics

Total Net Assets	$146,070,699
# of Portfolio Holdings	37
Total Advisory Fees Paid During Reporting Period	$32,845
Portfolio Turnover Rate	29%
Expense Ratio	0.05%
Shares Outstanding	3,040,000
Fund Launch Date	9/13/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C820

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

U.S. Treasury Note 4.63% 02/15/2035	11.53%
U.S. Treasury Note 4.25% 11/15/2034	11.14%
U.S. Treasury Note 4.38% 05/15/2034	10.95%
U.S. Treasury Note 3.88% 08/15/2034	10.91%
U.S. Treasury Note 4.00% 02/15/2034	10.50%
U.S. Treasury Note 3.88% 08/15/2033	9.37%
U.S. Treasury Note 4.50% 11/15/2033	3.26%
U.S. Treasury Note 3.38% 05/15/2033	2.42%
U.S. Treasury Note 0.88% 11/15/2030	1.85%
U.S. Treasury Note 1.63% 05/15/2031	1.84%

Footnote	Description
Footnote^*	Subject to change

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.5%
10+ Years	0.9%
7-10 Years	76.2%
5-7 Years	21.4%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XSVN

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-bloomberg-seven-year-target-duration-us-treasury-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-bloomberg-seven-year-target-duration-us-treasury-etf

Householding

BBLX XSVN 0425

XTEN

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (the "Fund") seeks to track the investment results of an index composed of U.S. Treasury securities with a duration between 6 and 14 years.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-bloomberg-ten-year-target-duration-us-treasury-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF	$4	0.075%^{Footnote Reference*}

Footnote	Description
Footnote^*	Annualized.

Key Fund Statistics

Total Net Assets	$566,730,091
# of Portfolio Holdings	63
Total Advisory Fees Paid During Reporting Period	$131,375
Portfolio Turnover Rate	15%
Expense Ratio	0.075%
Shares Outstanding	12,200,000
Fund Launch Date	9/13/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C812

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

U.S. Treasury Note 4.00% 02/15/2034	4.14%
U.S. Treasury Note 4.50% 11/15/2033	4.04%
U.S. Treasury Note 3.88% 08/15/2034	4.03%
U.S. Treasury Note 4.38% 05/15/2034	3.91%
U.S. Treasury Note 3.88% 08/15/2033	3.68%
U.S. Treasury Note 4.63% 02/15/2035	3.41%
U.S. Treasury Note 1.38% 11/15/2031	3.11%
U.S. Treasury Note 2.88% 05/15/2032	3.04%
U.S. Treasury Note 4.13% 11/15/2032	2.98%
U.S. Treasury Note 2.75% 08/15/2032	2.82%

Footnote	Description
Footnote^*	Subject to change

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.8%
10+ Years	52.0%
7-10 Years	40.2%
5-7 Years	6.0%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XTEN

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-bloomberg-ten-year-target-duration-us-treasury-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-bloomberg-ten-year-target-duration-us-treasury-etf

Householding

BBLX XTEN 0425

XTWY

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (the "Fund") seeks to track the investment results of an index composed of U.S. Treasury securities with a duration of 20 years.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-bloomberg-twenty-year-target-duration-us-treasury-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF	$6	0.125%^{Footnote Reference*}

Footnote	Description
Footnote^*	Annualized.

Key Fund Statistics

Total Net Assets	$60,705,141
# of Portfolio Holdings	51
Total Advisory Fees Paid During Reporting Period	$34,682
Portfolio Turnover Rate	58%
Expense Ratio	0.125%
Shares Outstanding	1,550,000
Fund Launch Date	9/13/2022
Exchange	NYSE Arca, Inc.
CUSIP	09789C796

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

U.S. Treasury Bond 3.63% 05/15/2053	5.63%
U.S. Treasury Bond 3.63% 02/15/2053	5.01%
U.S. Treasury Bond 4.25% 08/15/2054	4.86%
U.S. Treasury Bond 4.25% 02/15/2054	4.70%
U.S. Treasury Bond 4.13% 08/15/2053	4.60%
U.S. Treasury Bond 2.38% 05/15/2051	3.96%
U.S. Treasury Bond 2.00% 08/15/2051	3.53%
U.S. Treasury Bond 1.88% 02/15/2051	3.47%
U.S. Treasury Bond 3.00% 08/15/2052	3.41%
U.S. Treasury Strip ZCP 05/15/2053	3.35%

Footnote	Description
Footnote^*	Subject to change

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.1%
10+ Years	98.9%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

XTWY

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-bloomberg-twenty-year-target-duration-us-treasury-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-bloomberg-twenty-year-target-duration-us-treasury-etf

Householding

BBLX XTWY 0425

TAXX

BondBloxx IR+M Tax-Aware Short Duration ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx IR+M Tax-Aware Short Duration ETF (the "Fund") seeks attractive after-tax income, consistent with preservation of capital.

This semi-annual shareholder report contains important information about the Fund for the period from November 1, 2024 to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-irm-tax-aware-short-duration-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx IR+M Tax-Aware Short Duration ETF	$17	0.35%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$167,788,579
# of Portfolio Holdings	294
Total Advisory Fees Paid During Reporting Period	$244,470
Portfolio Turnover Rate	5%
Expense Ratio	0.35%
Shares Outstanding	3,330,000
Fund Launch Date	3/12/2024
Exchange	NYSE Arca, Inc.
CUSIP	09789C721

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Sumitomo Mitsui Trust Bank, London 3.68% 05/01/2025	1.48%
State of Wisconsin 5.00% 05/01/2028	1.23%
State of Florida Department of Transportation Turnpike System Revenue 5.00% 07/01/2028	1.13%
University of Oklahoma 5.00% 07/01/2029	1.12%
King County School District No. 411 Issaquah 4.00% 12/01/2031	1.06%
South Carolina Jobs-Economic Development Authority, Revenue Bonds 5.00% 11/01/2055	0.99%
Lee County School Board 5.00% 08/01/2032	0.96%
City of San Antonio Electric & Gas Systems Revenue 5.00% 02/01/2032	0.89%
Texas Municipal Gas Acquisition & Supply Corp. V 5.00% 01/01/2028	0.83%
Dallas Independent School District 5.00% 02/15/2055	0.82%

Footnote	Description
Footnote^*	Subject to change

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.6%
Defaulted	4.8%
10+ Years	28.8%
7-10 Years	10.3%
5-7 Years	10.9%
3-5 Years	15.9%
2-3 Years	9.0%
0-2 Years	18.7%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

Asset Breakdown (% of Net Assets)

Value	Value
Municipal Bonds	67.2%
Corporate Bonds	14.4%
Asset-Backed Securities	8.4%
Collateralized Mortgage Obligations	8.4%
Cash and Equivalents	1.6%

TAXX

BondBloxx IR+M Tax-Aware Short Duration ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-irm-tax-aware-short-duration-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-irm-tax-aware-short-duration-etf

Householding

BBLX TAXX 0425

TXXI

BondBloxx IR+M Tax-Aware Intermediate Duration ETF

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx IR+M Tax-Aware Intermediate Duration ETF (the "Fund") seeks attractive after-tax income, consistent with preservation of capital.

This semi-annual shareholder report contains important information about the Fund for the period from March 11, 2025 (commencement of operations) to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-irm-tax-aware-intermediate-duration-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx IR+M Tax-Aware Intermediate Duration ETF	$5	0.35%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$9,916,112
# of Portfolio Holdings	102
Total Advisory Fees Paid During Reporting Period	$4,305
Portfolio Turnover Rate	-%
Expense Ratio	0.35%
Shares Outstanding	200,000
Fund Launch Date	3/11/2025
Exchange	NYSE Arca, Inc.
CUSIP	09789C663

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Pennsylvania Higher Educational Facilities Authority 4.00% 08/15/2032	3.01%
East Central Independent School District 5.00% 08/15/2037	2.78%
Lower Colorado River Authority 5.00% 05/15/2034	2.73%
County of Polk Utility System Revenue 5.00% 10/01/2054	2.61%
City of Rogers Sales & Use Tax Revenue 4.00% 11/01/2032	2.52%
Cook County School District No 25 Arlington Heights 4.00% 12/15/2044	2.40%
Dallas Fort Worth International Airport 5.00% 11/01/2039	2.18%
Illinois Finance Authority 5.00% 07/01/2045	2.14%
North Texas Tollway Authority 5.00% 01/01/2045	2.11%
Rhode Island Health & Educational Building Corp. 5.00% 05/15/2044	2.10%

Footnote	Description
Footnote^*	Subject to change

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.8%
Defaulted	3.3%
10+ Years	67.0%
7-10 Years	15.4%
5-7 Years	2.3%
3-5 Years	3.9%
2-3 Years	0.5%
0-2 Years	5.8%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

Asset Breakdown (% of Net Assets)

Value	Value
Municipal Bonds	76.5%
Corporate Bonds	11.0%
Collateralized Mortgage Obligations	7.2%
Asset-Backed Securities	3.5%
Cash and Equivalents	1.8%

TXXI

BondBloxx IR+M Tax-Aware Intermediate Duration ETF

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-irm-tax-aware-intermediate-duration-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-irm-tax-aware-intermediate-duration-etf

Householding

BBLX TXXI 0425

TAXM

BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents

NYSE Arca, Inc.

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents (the "Fund") seeks attractive after-tax income for Massachusetts residents, consistent with preservation of capital.

This semi-annual shareholder report contains important information about the Fund for the period from March 11, 2025 (commencement of operations) to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-irm-tax-aware-etf-for-ma-residents/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents	$5	0.35%^{Footnote Reference*}

* Annualized.

Key Fund Statistics

Total Net Assets	$6,411,695
# of Portfolio Holdings	85
Total Advisory Fees Paid During Reporting Period	$2,881
Portfolio Turnover Rate	-%
Expense Ratio	0.35%
Shares Outstanding	130,000
Fund Launch Date	3/11/2025
Exchange	NYSE Arca, Inc.
CUSIP	09789C697

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Commonwealth of Massachusetts Transportation Fund Revenue 5.00% 06/01/2053	3.73%
Massachusetts Development Finance Agency 5.00% 05/15/2055	3.50%
City of Somerville 5.00% 06/01/2028	3.41%
Massachusetts Water Resources Authority 5.00% 08/01/2043	3.32%
Berkshire Wind Power Cooperative Corp. 5.00% 07/01/2030	3.23%
Commonwealth of Massachusetts 5.00% 10/01/2053	3.22%
Dennis-Yarmouth Regional School District 5.00% 11/01/2052	3.22%
Massachusetts Bay Transportation Authority Assessment Revenue 5.00% 07/01/2052	3.19%
Massachusetts Development Finance Agency 5.00% 07/01/2047	3.19%
Bristol-Plymouth Regional Vocational Technical School District 4.00% 04/01/2038	3.10%

Footnote	Description
Footnote^*	Subject to change

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	1.6%
Defaulted	3.7%
10+ Years	65.6%
7-10 Years	8.0%
5-7 Years	3.8%
3-5 Years	8.3%
2-3 Years	1.8%
0-2 Years	7.2%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

Asset Breakdown (% of Net Assets)

Value	Value
Municipal Bonds	76.2%
Corporate Bonds	11.7%
Collateralized Mortgage Obligations	5.6%
Asset-Backed Securities	4.9%
Cash and Equivalents	1.6%

TAXM

BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents

NYSE Arca, Inc.

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-irm-tax-aware-etf-for-ma-residents/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-irm-tax-aware-etf-for-ma-residents

Householding

BBLX TAXM 0425

PCMM

BondBloxx Private Credit CLO ETF

NASDAQ Stock Market LLC

Semi-Annual Shareholder Report as of April 30, 2025

The BondBloxx Private Credit CLO ETF (the "Fund") is an actively managed fund that seeks capital preservation and current income.

This semi-annual shareholder report contains important information about the Fund for the period from December 2, 2024 (commencement of operations) to April 30, 2025. You can find additional information about the Fund at https://bondbloxxetf.com/bondbloxx-private-credit-clo-etf/. You can also request this information by contacting us at 800-896-5089.

What Were The Fund Costs For The Last Six Months?

(based on a hypothetical $10,000 investment)

Fund name	Cost of a $10,000 investment	Cost paid as a % of a $10,000 investment
BondBloxx Private Credit CLO ETF	$28	0.68%^{Footnote Reference*}

Footnote	Description
Footnote^*	Annualized.

Key Fund Statistics

Total Net Assets	$113,299,418
# of Portfolio Holdings	56
Total Advisory Fees Paid During Reporting Period	$157,385
Portfolio Turnover Rate	0%^{Footnote Reference*}
Expense Ratio	0.68%
Shares Outstanding	2,250,000
Fund Launch Date	12/2/2024
Exchange	NASDAQ Stock Market LLC
CUSIP	09789C671

* Amount represents less than 0.5%.

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Golub Capital Partners CLO 45M Ltd. 5.89% 07/20/2037	7.90%
MCF CLO V LLC 6.82% 10/20/2037	5.30%
Monroe Capital MML CLO XIV LLC 6.53% 10/24/2034	5.27%
Churchill MMSLF CLO-III LP 8.47% 01/20/2036	5.19%
Golub Capital Partners CLO 42M-R 10.38% 01/20/2036	4.44%
Maranon Loan Funding 2021-3 Ltd. 9.07% 10/15/2036	4.43%
Woodmont 2022-10 Trust 6.42% 04/15/2038	4.37%
Ivy Hill Middle Market Credit Fund XX Ltd. 6.67% 04/20/2035	3.97%
JP Morgan Chase, New York 3.68% 05/01/2025	3.92%
Octagon Investment Partners 28 Ltd. 11.78% 04/24/2037	3.55%

Footnote	Description
Footnote^*	Subject to change

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Value	Value
Cash and Equivalents	4.3%
10+ Years	77.3%
7-10 Years	18.4%

Footnote	Description
Footnote^*	This chart represents the amount by percentage (%) maturity breakdown of bonds in the Fund.

PCMM

BondBloxx Private Credit CLO ETF

NASDAQ Stock Market LLC

Disclosures

BondBloxx Investment Management Corporation ("BondBloxx") is a registered investment adviser.

Additional Information

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, please visit https://bondbloxxetf.com/bondbloxx-private-credit-clo-etf/. For proxy voting records, visit https://bondbloxxetf.com/resources/.

An image of a QR code that, when scanned, navigates the user to the following URL: https://bondbloxxetf.com/bondbloxx-private-credit-clo-etf

Householding

BBLX PCMM 0425

Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

BondBloxx USD High Yield Bond Industrial Sector ETF | XHYI | NYSE Arca, Inc.

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF | XHYT | NYSE Arca, Inc.

BondBloxx USD High Yield Bond Healthcare Sector ETF | XHYH | NYSE Arca, Inc.

BondBloxx USD High Yield Bond Financial & REIT Sector ETF | XHYF | NYSE Arca, Inc.

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF | XHYC | NYSE Arca, Inc.

BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF | XHYD | NYSE Arca, Inc.

BondBloxx BB Rated USD High Yield Corporate Bond ETF | XBB | NYSE Arca, Inc.

BondBloxx CCC Rated USD High Yield Corporate Bond ETF | XCCC | NYSE Arca, Inc.

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, Inc.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF | XONE | NYSE Arca, Inc.

BondBloxx Bloomberg Two Year Target Duration US Treasury ETF | XTWO | NYSE Arca, Inc.

BondBloxx Bloomberg Three Year Target Duration US Treasury ETF | XTRE | NYSE Arca, Inc.

BondBloxx Bloomberg Five Year Target Duration US Treasury ETF | XFIV | NYSE Arca, Inc.

BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF | XSVN | NYSE Arca, Inc.

BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | XTEN | NYSE Arca, Inc.

BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | XTWY | NYSE Arca, Inc.

BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents | TAXM | NYSE Arca, Inc.

BondBloxx USD High Yield Bond Industrial Sector ETF
Portfolio of Investments
April 30, 2025 (Unaudited)

BondBloxx USD High Yield Bond Industrial Sector ETF
Portfolio of Investments (Continued)
April 30, 2025 (Unaudited)

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF
Portfolio of Investments
April 30, 2025 (Unaudited)

BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF
Portfolio of Investments (Continued)
April 30, 2025 (Unaudited)

BondBloxx USD High Yield Bond Healthcare Sector ETF
Portfolio of Investments
April 30, 2025 (Unaudited)

BondBloxx USD High Yield Bond Healthcare Sector ETF
Portfolio of Investments (Continued)
April 30, 2025 (Unaudited)

BondBloxx USD High Yield Bond Financial & REIT Sector ETF
Portfolio of Investments
April 30, 2025 (Unaudited)

BondBloxx USD High Yield Bond Financial & REIT Sector ETF
Portfolio of Investments (Continued)
April 30, 2025 (Unaudited)

BondBloxx USD High Yield Bond Energy Sector ETF
Portfolio of Investments
April 30, 2025 (Unaudited)

BondBloxx USD High Yield Bond Energy Sector ETF
Portfolio of Investments (Continued)
April 30, 2025 (Unaudited)

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
Portfolio of Investments
April 30, 2025 (Unaudited)

BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
Portfolio of Investments (Continued)
April 30, 2025 (Unaudited)

BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF
Portfolio of Investments
April 30, 2025 (Unaudited)

BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF
Portfolio of Investments (Continued)
April 30, 2025 (Unaudited)

BondBloxx USD High Yield Bond Sector Rotation ETF
Portfolio of Investments
April 30, 2025 (Unaudited)

BondBloxx BB Rated USD High Yield Corporate Bond ETF
Portfolio of Investments
April 30, 2025 (Unaudited)

BondBloxx BB Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2025 (Unaudited)

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments
April 30, 2025 (Unaudited)

BondBloxx B Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2025 (Unaudited)

BondBloxx CCC Rated USD High Yield Corporate Bond ETF
Portfolio of Investments
April 30, 2025 (Unaudited)

BondBloxx CCC Rated USD High Yield Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2025 (Unaudited)

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF
Portfolio of Investments
April 30, 2025 (Unaudited)

BondBloxx BBB Rated 1-5 Year Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2025 (Unaudited)

BondBloxx BBB Rated 10+ Year Corporate Bond ETF
Portfolio of Investments
April 30, 2025 (Unaudited)

BondBloxx BBB Rated 10+ Year Corporate Bond ETF
Portfolio of Investments (Continued)
April 30, 2025 (Unaudited)

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF invested, as a percentage of net assets, in the following countries as of April 30, 2025:

The BondBloxx ETF Trust (the “Trust”) is a Delaware statutory trust organized on August 20, 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 twenty-seven separate active 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 USD High Yield Bond Sector Rotation ETF, BondBloxx BB Rated USD High Yield Corporate Bond ETF, BondBloxx B Rated USD High Yield Corporate Bond ETF, BondBloxx CCC Rated USD High Yield Corporate Bond ETF, BondBloxx BBB Rated 1-5 Year Corporate Bond ETF, BondBloxx BBB Rated 5-10 Year Corporate Bond ETF, BondBloxx BBB Rated 10+ Year 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, BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF, BondBloxx IR+M Tax-Aware Short Duration ETF, BondBloxx IR+M Tax-Aware Intermediate Duration ETF, BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents and BondBloxx Private Credit CLO ETF (each, a “Fund” and collectively, the “Funds”). Each series operates as an exchange-traded fund (“ETF”). BondBloxx USD High Yield Bond Healthcare Sector ETF, BondBloxx USD High Yield Bond Sector Rotation ETF, BondBloxx BB Rated USD High Yield Corporate Bond ETF, BondBloxx B Rated USD High Yield Corporate Bond ETF, BondBloxx CCC Rated USD High Yield Corporate Bond ETF, BondBloxx BBB Rated 1-5 Year Corporate Bond ETF, BondBloxx BBB Rated 5-10 Year Corporate Bond ETF, BondBloxx BBB Rated 10+ Year 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, BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF and BondBloxx Private Credit CLO ETF are classified as “non-diversified” and BondBloxx USD High Yield Bond Industrial Sector ETF, BondBloxx USD High Yield Bond Telecom, Media & Technology 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 IR+M Tax-Aware Short Duration ETF, BondBloxx IR+M Tax-Aware Intermediate Duration ETF and BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents are classified as “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.

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. 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 are recorded on a trade date basis. 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.

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, 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 transactions on the Statements of Operations.

The preparation of financial statements in conformity with 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.

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.

Pursuant to Rule 2a-5 under the 1940 Act, each Fund has designated the Adviser as the “valuation designee” with respect to the fair valuation of each of the Fund’s portfolio securities. Fair valued securities are those for which market quotations were not readily available, including in circumstances under which it was determined by the Adviser that prices received were not reflective of their market values.

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. BIM serves as the Funds’ valuation designee for purposes of compliance with the Rule 2a-5 under the 1940 Act.

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.

Shares of underlying ETFs are valued at their most recent closing price on an exchange.

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 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:

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 April 30, 2025:

Each Fund, except HYSA, 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 April 30, 2025, 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.

FNMA and FHLMC issue Uniform Mortgage Backed Securities in place of their separate offerings of TBA-eligible securities (the “Single Security Initiative”). The Single Security Initiative seeks to support the overall liquidity of the TBA market and to align the characteristics of FNMA and FHLMC certificates. The Single Security Initiative was launched in June 2019, and as of this time, the long-term effects it may have on the market for TBA and other mortgage-backed securities remains uncertain.

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.

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.

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’ Portfolio of Investments.

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.

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 GAAP.

The Adviser has agreed to bear all organizational and offering expenses for the Funds.

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.

Pursuant to the Investment Advisory Agreement between BIM and the Trust (entered into on behalf of each Fund other than HYSA), 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). With respect to HYSA, the Fund pays the adviser a fee based on a percentage of the Fund’s average daily net assets at the annual rate of 0.45%. Pursuant to an expenses limitation agreement with BIM, BIM has contractually agreed to waive fees and/or reimburse operating expenses (other than interest, brokerage, taxes, extraordinary expenses and non-affiliated acquired fund fees and expenses) so that the ratio of HYSA’s net total annual operating expenses will not exceed 0.55% through the anniversary of the listing date of the Fund in 2026, subject to recapture as described below (the “Fee Waiver”). The Fee Waiver may be terminated prior to the anniversary of the listing date of the Fund in 2026 only upon written agreement of the Trust and BIM. The Fee Waiver may be modified by BIM to decrease the Fund’s net total annual operating expenses at any time. BIM is also permitted to recapture amounts waived and/or reimbursed within two years after the fiscal year in which BIM waived fees and/or reimbursed expenses if the Fund’s net total annual operating expenses have fallen to a level below the expense limit described above. In no case will BIM recapture any amount that would result, on any particular business day of the Fund, in the Fund’s expense ratio exceeding both (1) the expense cap in place at the time such amounts were waived and (2) the Fund’s current expense cap. Affiliated acquired fund fees incurred by HYSA are also waived by BIM in addition to the expense limitation on Fund expenses. During the period ended April 30, 2025, BIM waived $84,181 of expenses, which includes $51,198 of affiliated acquired fund fees. Affiliated acquired fund fees are not recoupable by BIM in future fiscal periods pursuant to the terms of the expense limitation agreement.

BIM does not intend to recoup amounts identified through April 30, 2025, that are permitted to be recouped in accordance with the preceding paragraph.

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:

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.

Pursuant to the sub-advisory agreement with Delaware Investments Fund Advisers, a series of Macquarie Investment Management Business Trust, Delaware acted as sub-adviser to HYSA. BIM compensated Delaware for its sub-advisory services out of its management fee. The agreement was terminated by mutual consent as of June 1, 2025.

Pursuant to the sub-advisory agreement with Income Research + Management (“IR+M” or “Sub-Adviser”), a Massachusetts Business Trust, IR+M acts as sub-adviser to TAXX, TXXI and TAXM (the “Tax-Aware Funds”). IR+M is responsible for the day-to-day portfolio management of the Tax-Aware Funds as Sub-Adviser. IR+M specializes in managing U.S. fixed income portfolios for institutional and private clients, as well as managing several U.S. fixed income private investment funds and collective investment trusts for qualified investors. For its services to each Tax-Aware Fund, IR+M is paid a fee by BIM.

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”).

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.

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., Cboe BZX or NASDAQ Stock Market LLC (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. These cash deposits may earn interest which may be used to offset certain expenses paid by BIM. 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.

The cost of purchases and the proceeds from sales of investment securities (excluding in-kind subscriptions and redemptions, U.S. government securities and short-term investments) for the period ended April 30, 2025 were as follows:

The cost of purchases and the proceeds from sales of U.S. government securities (excluding in-kind subscriptions and redemptions, investment securities and short-term investments) for the period ended April 30, 2025 were as follows:

For the period ended April 30, 2025, the costs of in-kind subscriptions and the proceeds from in-kind redemptions were as follows:

Investments in issuers considered to be affiliates of the fund during the period ended April 30, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

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 April 30, 2025, the Funds did not incur any interest or penalties.

At April 30, 2025, the cost of investments and net unrealized appreciation (depreciation) for federal income tax purposes was as follows:

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.

At October 31, 2024, 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.

As of October 31, 2024, the Funds had the following net capital loss carryforwards remaining:

During the year ended October 31, 2024, the following Funds utilized capital loss carryforwards:

At April 30, 2025, certain officers and Trustees of the Trust are also officers or employees of the Adviser or affiliated with the Distributor.

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.

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.

High Yield Bond Risk. Bonds that are rated below investment-grade (sometimes referred to as“junk bonds,” which may include those bonds rated at or below “BBB-” by one or more of the major ratings agencies), 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.

Municipal Securities Risk. Municipal securities risks include the possibility that the issuer may be unable to pay interest or repay principal on a timely basis or at all, the relative lack of information about certain issuers of municipal securities, and the possibility of future legislative changes which could affect the market for and value of municipal securities. In addition, state or local political or economic conditions and developments can adversely affect the securities issued by state and local governments. The value of the municipal securities owned by the Fund also may be adversely affected by future changes in U.S. federal, state or local tax laws.

Municipal Securities Market Liquidity Risk. From time to time, inventories of municipal securities held by brokers and dealers may decrease, lessening their ability to make a market in these securities. Any reduction in market making capacity has the potential to decrease the Fund’s ability to buy or sell municipal securities, and increase price volatility and trading costs, particularly during periods of economic or market stress. As a result, the Fund may be forced to accept a lower price to sell a municipal security, to sell other securities to raise cash, or to give up an investment opportunity, any of which could have a negative effect on performance.

Tax Risk. From time to time, the U.S. government and the U.S. Congress consider changes in U.S. federal tax law that could limit or eliminate the U.S. federal income tax exemption for municipal bond income, which would in effect reduce the after-tax returns received by shareholders from the Fund by increasing taxes on distributions from the Fund. In such event, the Fund’s NAV could also decline as yields on municipal bonds, which are typically lower than those on taxable bonds, would be expected to increase to approximately the yield of comparable taxable bonds. Actions or anticipated actions affecting the tax-exempt status of municipal bonds could also result in significant shareholder redemptions of Fund shares as investors anticipate adverse effects on the Fund or seek higher yields to offset the potential loss of the tax deduction. As a result, the Fund would be required to maintain higher levels of cash to meet the redemptions, which would negatively affect the Fund’s yield.

Tax Aware Risk. Tax aware risk is the possibility that the use of investment practices that seek to maximize after tax return may not minimize tax consequences. The Tax-Aware Funds may have substantial taxable gains and returns may be similar to a fund that is not tax managed. Economic developments or unforeseeable investor redemptions may also reduce returns without any corresponding increase in tax efficiency.

Alternative Minimum Tax Risk. Although the interest received from municipal securities is generally exempt from U.S. federal income tax, the Fund may invest in municipal securities subject to the U.S. federal alternative minimum tax on individuals. For tax years beginning after December 31, 2022, interest on the bonds may affect the U.S. federal corporate alternative minimum tax for certain corporations. Accordingly, investment in the Fund could cause shareholders to be subject to the U.S. federal alternative minimum tax.

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. The U.S. government and the U.S. Federal Reserve, as well as certain foreign governments and central banks, have from time to time taken steps to support financial markets. The U.S. government and the U.S. Federal Reserve may, conversely, reduce market support activities, including by taking action intended to increase certain interest rates. This and other government intervention may not work as intended, particularly if the efforts are perceived by investors as being unlikely to achieve the desired results. Changes in government activities in this regard, such as changes in interest rate policy, can negatively affect financial markets generally, increase market volatility and reduce the value and liquidity of securities in which the Fund invests.

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 and/or other assets 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.

Inflation Risk. Inflation is a sustained rise in overall price levels. Moderate inflation is associated with economic growth, while high inflation can signal an overheated economy. Inflation risk is the risk that the value of assets or income from investments will be less in the future as inflation decreases the value of money (i.e., as inflation increases, the values of the Fund’s assets can decline). Inflation poses a “stealth” threat to investors because it reduces savings and investment returns. Central banks, such as the U.S. Federal Reserve, generally attempt to control inflation by regulating the pace of economic activity. They typically attempt to affect economic activity by raising and lowering short-term interest rates. At times, governments may attempt to manage inflation through fiscal policy, such as by raising taxes or reducing spending, thereby reducing economic activity; conversely, governments can attempt to combat deflation with tax cuts and increased spending designed to stimulate economic activity. Inflation rates may change frequently and significantly as a result of various factors, including unexpected shifts in the domestic or global economy and changes in economic policies, and the Fund’s investments may not keep pace with inflation, which may result in losses to Fund shareholders. This risk is greater for fixed-income instruments with longer maturities.

Affiliated ETF Risk (Sector Rotation Fund). The Adviser receives advisory fees from XHYI, XHYT, XHYH, XHYF, XHYE, XHYC, XHYD, XBB, XB, and XCCC (each, an “Underlying Fund”). It is possible that a conflict of interest among the Fund and the Underlying Funds could affect how the Adviser fulfills its fiduciary duties to the Fund and the Underlying Funds. The Adviser may have an incentive to take into account the effect on an Underlying Fund in which the Fund may invest in determining whether, and under what circumstances, to purchase or sell shares in that Underlying Fund. In addition, the fees payable to the Adviser by certain of the Underlying Funds may be higher than the fee payable by the Fund. However, the Adviser has a fiduciary duty to act in the Fund’s best interests when selecting the Underlying Funds.

Market Risk. The Fund could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, the advent of significant inflation, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s NAV.

Market Trading Risk. The Fund faces numerous market trading risks, including the potential lack of an active market for Fund shares or the Fund’s underlying portfolio securities, losses from trading in secondary markets, periods of high volatility and disruptions in the creation/redemption process. Any of these factors, among others, may lead to the Fund’s shares trading at a premium or discount to NAV. Accordingly, if a shareholder purchases Fund shares at a time when the market price is at a premium to the NAV, or sells shares at a time when the market price is at a discount to the NAV, the shareholder may sustain losses.

Investment in the Underlying Funds Risk (Sector Rotation Fund). The Fund invests a substantial portion of its assets in the Underlying Funds. Accordingly, the Fund’s investment performance is directly related to the performance of the Underlying Funds, and the Fund is subject to the risk factors associated with the investments of the Underlying Funds and will be affected by the investment policies and practices of the Underlying Funds in direct proportion to the amount of assets allocated to each. To the extent the Fund is exposed more heavily to one or more particular Sectors, its performance will be especially sensitive to risks associated with those Sectors.

A strategy used by the Underlying Funds may fail to produce the intended results. If the Fund has allocated a higher portion of its net assets to a particular Underlying Fund, it may be more susceptible to adverse developments affecting that Underlying Fund and may be more susceptible to losses because of these developments. The Fund’s ability to achieve its investment objective will depend on the ability of the Underlying Funds to achieve their investment objectives. There can be no assurance that the investment objective of any Underlying Fund can be achieved. With respect to the Underlying Funds, which are all designed to track an index, the price and movement of an ETF designed to track an index may not track the index and may result in a loss. In addition, ETFs may trade at a price above (premium) or below (discount) their net asset value, especially during periods of significant market volatility or stress, causing investors to pay significantly more or less than the value of the ETF’s underlying portfolio. Certain ETFs traded on exchanges may be thinly traded and experience large spreads between the “ask” price quoted by a seller and the “bid” price offered by a buyer.

The Fund’s NAV will change with changes in the value of the Underlying Funds and other investments based on their market valuations. The Fund’s market price may deviate from value of the Fund’s underlying holdings, particularly in times of market stress, and as a result, investors may pay more or receive less than the underlying value of the Fund’s shares bought or sold. An investment in the Fund will entail more costs and expenses than a direct investment in the Underlying Funds.

ETF and Other Registered Investment Company Risk. The Fund may invest in shares of other investment companies and ETFs. Shareholders bear both their proportionate share of the Fund’s expenses and similar expenses of the underlying investment company or ETF when the Fund invests in shares of another registered investment company or ETF. The Fund is subject to the risks associated with the ETF or investment company’s investments. The price and movement of an ETF designed to track an index may not track the index and may result in a loss. In addition, ETFs may trade at a price above (premium) or below (discount) their net asset value, especially during periods of significant market volatility or stress, causing investors to pay significantly more or less than the value of the ETF’s underlying portfolio. Certain ETFs traded on exchanges may be thinly traded and experience large spreads between the “ask” price quoted by a seller and the “bid” price offered by a buyer.

Mortgage-Related and Asset-Backed Securities Risk. Mortgage-related and asset-backed securities represent interests in “pools” of mortgages or other assets, including consumer loans or receivables held in trust. These mortgage-related or asset-backed securities are subject to credit risk, interest rate risk, “prepayment risk” (the risk that borrowers will repay a loan more quickly in periods of falling interest rates) and “extension risk” (the risk that borrowers will repay a loan more slowly in periods of rising interest rates). If the Fund invests in mortgage-related or asset-backed securities that are subordinated to other interests in the same mortgage or asset pool, the Fund may only receive payments after the pool’s obligations to other investors have been satisfied. An unexpectedly high rate of defaults on the mortgages held by a mortgage pool may limit substantially the pool’s ability to make payments of principal or interest to the Fund, reducing the values of those securities or in some cases rendering them worthless. Uniform Mortgage-Backed Securities, which generally align the characteristics of Fannie Mae and Freddie Mac certificates, are a recent innovation and the effect they may have on the market for mortgage-related securities is uncertain.

Collateralized Loan Obligations (“CLO”) Risk. The risks of investing in CLOs include both the economic risks of the underlying loans combined with the risks associated with the CLO structure governing the priority of payments. The degree of such risk will generally correspond to the specific tranche in which the Fund is invested. The Fund intends to invest primarily in the rated debt tranches of CLOs; however, any such ratings do not constitute a guarantee, may be downgraded, and in stressed market environments it is possible that even senior CLO tranches could experience losses due to actual defaults, increased sensitivity to defaults due to collateral default and the disappearance of the subordinated/equity tranches,

market anticipation of defaults, as well as negative market sentiment with respect to CLO securities as an asset class. The Sub-Adviser may not be able to accurately predict how specific CLOs or the portfolio of underlying loans for such CLOs will react to changes or stresses in the market, including changes in interest rates. The most common risks associated with investing in CLOs are liquidity risk, interest rate risk, credit risk, prepayment risk, and the risk of default of the underlying asset, among others.

Commercial Mortgage-Backed Securities (“CMBS”) Risk. CMBS are not backed by the full faith and credit of the U.S. government and are subject to risk of default on the underlying mortgages, particularly during periods of economic downturn. CMBS issued by non-agency issuers may offer higher yields than those issued by government entities, but also may be subject to greater volatility than government issues. CMBS are subject to a greater degree of prepayment and extension risk than many other forms of fixed-income securities and therefore react differently to changes in interest rates than other bonds, and the prices of CMBS may reflect adverse economic and market conditions.

Non-Diversification Risk. A majority of 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.

Russian Invasion of Ukraine Risk. 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, including declines in its stock markets and the value of the ruble against the U.S. dollar 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, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or cyberattacks on Russian entities or individuals, including politicians, 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.

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.

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.

Segment Reporting. The Funds adopted FASB Accounting Standards Update 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures (“ASU 2023-07”) during the period. Adoption of the new standard impacted financial statement disclosures only and did not affect the Fund’s financial position or its results of operations. The intent of ASU 2023-07 is to enable investors to better understand an entity’s overall performance and to assess its potential future cash flows through improved segment disclosures. Subject to the oversight and, when applicable, approval of the Board, the Funds’ Manager acts as the Funds’ chief operating decision maker (“CODM”) and is responsible for assessing performance and making decisions about resource allocation. The CODM has determined that the Fund has a single operating segment based on the fact that the CODM monitors the operating results of the Funds as a whole and the

Funds’ long-term strategic asset allocation is determined in accordance with the terms of the prospectus, based on a defined investment strategy which is executed by the Funds’ portfolio managers as a team. The financial information provided to and reviewed by the CODM is consistent with that presented in the Funds’ financial statements.

Income Taxes. In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740) Improvements to Income Tax Disclosures (“ASU 2023-09”). The amendments were issued to enhance the transparency and decision usefulness of income tax disclosures primarily related to rate reconciliation and income taxes paid information. The amendments are effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Fund expects that the adoption of the amendments will not have a material impact on its financial statements.

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.

Board Approval and Renewal of Investment Advisory and
Investment Sub-Advisory Agreements (Unaudited)

Under Section 15(c) of the Investment Company Act of 1940, as amended (the “1940 Act”), the 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,” and each series thereof, a “Fund”), is required to consider and approve the Investment Advisory Agreements between the Trust and BondBloxx Investment Management Corporation (the “Adviser”) (the “Advisory Agreements”) and any sub-advisory agreements with respect to the applicable Funds. In considering these agreements, the Board, including all of the Independent Trustees, assess the Adviser’s and a sub-adviser’s, as applicable, proposed services to the Funds, including investment management; oversight of the Funds’ service providers, as applicable; risk management and oversight; legal and compliance services; and ability to comply with applicable legal and regulatory requirements.

At a meeting held on November 18, 2024 (the “November Meeting”), the Board, including a majority of the Independent Trustees, voted to approve the entering into of the Advisory Agreement with respect to the BondBloxx Private Credit CLO ETF (the “CLO Fund”) (the “CLO Fund Advisory Agreement”) for an initial two-year period. In determining whether to approve the entering into of the CLO Fund Advisory Agreement, the Adviser furnished information necessary for a majority of the Independent Trustees to make the determination that the entering into of the CLO Fund Advisory Agreement was in the best interests of the CLO Fund and its shareholders. Prior to voting, the Independent Trustees reviewed the proposed entering into of the CLO Fund 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 CLO Fund Advisory Agreement.

Also at the November Meeting, the Board, including a majority of the Independent Trustees, voted to approve the renewal of the Advisory Agreements for the BondBloxx Bloomberg Six Month Target Duration US Treasury ETF, the BondBloxx Bloomberg One Year Target Duration US Treasury ETF, the BondBloxx Bloomberg Two Year Target Duration US Treasury ETF, the BondBloxx Bloomberg Three Year Target Duration US Treasury ETF, the BondBloxx Bloomberg Five Year Target Duration US Treasury ETF, the BondBloxx Bloomberg Seven Year Target Duration US Treasury ETF, the BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF, the BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (each, a “Treasury Fund” and collectively, the “Treasury Funds”), the BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF, the BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF, the BondBloxx USD High Yield Bond Energy Sector ETF, the BondBloxx USD High Yield Bond Financial & REIT Sector ETF, the BondBloxx USD High Yield Bond Healthcare Sector ETF, the BondBloxx USD High Yield Bond Industrial Sector ETF, the BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF, the BondBloxx USD High Yield Bond Sector Rotation ETF (each, a “Sector Fund” and collectively the “Sector Funds”), the BondBloxx BB Rated USD High Yield Corporate Bond ETF, the BondBloxx B Rated USD High Yield Corporate Bond ETF, the BondBloxx CCC Rated USD High Yield Corporate Bond ETF (each, a “High Yield Fund” and collectively, the “High Yield Funds”), and the BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF (the “Emerging Markets Fund”) (collectively, the “Existing Advisory Agreements”) each for an additional one-year period. In determining whether to approve the renewal of the Existing Advisory Agreements, the Adviser furnished information necessary for a majority of the Independent Trustees to make the determination that the renewal of the Existing Advisory Agreements was in the best interests of the Treasury Funds, Sector Funds, High Yield Funds, and the Emerging Markets Fund and their respective shareholders. Prior to voting, the Independent Trustees reviewed the proposed renewal of the Existing Advisory Agreements with management and their independent legal counsel and received materials from such counsel discussing the legal standards for their consideration of the proposed renewal of the Existing Advisory Agreements.

At a meeting held on February 26, 2025 (the “February Meeting”), the Board, including a majority of the Independent Trustees, voted to approve the entering into of the Advisory Agreement with respect to the BondBloxx IR+M Tax-Aware Intermediate Duration ETF (the “Tax-Aware Intermediate Duration Fund”) (the “Tax-Aware Intermediate Duration Fund Advisory Agreement”) for an initial two-year period. In determining whether to approve the entering into of the Tax-Aware Intermediate Duration Fund Advisory Agreement, the Adviser furnished information necessary for a majority of the Independent Trustees to make the determination that the entering into of the Tax-Aware Intermediate Duration Fund Advisory Agreement was in the best interests of the Tax-Aware Intermediate Duration Fund and its shareholders. Prior to voting, the Independent Trustees reviewed the proposed entering into of the Tax-Aware Intermediate Duration

Board Approval and Renewal of Investment Advisory and
Investment Sub-Advisory Agreements (Unaudited) (Continued)

Fund 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 Tax-Aware Intermediate Duration Fund Advisory Agreement.

In approving the CLO Fund Advisory Agreement and the Tax-Aware Intermediate Duration Fund Advisory Agreement (collectively, the “New Advisory Agreements”), the Board, including the Independent Trustees, considered various factors, including: (1) the nature, extent and quality of the services to be provided to each Fund by the Adviser; (2) the Adviser’s proposed compensation under the New Advisory Agreements; (3) the estimated expenses of each Fund; (4) the estimated costs of services to be provided to each Fund and the anticipated profits to be realized by the Adviser from its management of each Fund; (5) the potential for economies of scale and the sharing of any economies of scale with each Fund’s shareholders; (6) the fees paid by and services provided to comparable exchange-traded funds (“ETFs”); and (7) other potential benefits to the Adviser from its relationships with each Fund. The material factors and conclusions that formed the basis for the Board, including the Independent Trustees, to approve the New Advisory Agreements are discussed below.

Nature, Extent and Quality of Services to be Provided by the Adviser. In considering the nature, extent and quality of the services to be provided by the Adviser under the New Advisory Agreements, the Board reviewed information provided by the Adviser relating to its operations and personnel. The Board considered the level and depth of knowledge and professional experience and qualifications of the Adviser’s personnel. The Board also took into account the systems and resources that the Adviser intended to devote to investment management and legal and compliance services. The Board noted that the CLO Fund’s sub-adviser and the Tax-Aware Intermediate Duration Fund’s sub-adviser will be responsible for managing the day-to-day investment operations of each Fund, respectively, and the Adviser will be responsible for administering the CLO Fund and the Tax-Aware Intermediate Duration Fund. 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 CLO Fund and the Tax-Aware Intermediate Duration Fund by the Adviser under the New Advisory Agreements.

Performance. The Board took into account that the Adviser does not currently manage any other 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 the Adviser’s portfolio manager to each Fund. The Board considered that the CLO Fund’s sub-adviser and the Tax-Aware Intermediate Duration Fund’s sub-adviser will also each employ one or more portfolio managers to manage the day-to-day investment operations of each Fund. In addition, the Board considered the Adviser’s investment philosophy and portfolio construction process and the systems and tools the Adviser is expected to use in managing each Fund in accordance with such Fund’s respective investment objectives and investment strategies. Based on the foregoing, the Board concluded that the Adviser is qualified to manage each Fund’s assets in accordance with each 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 the Adviser under the New Advisory Agreements and the estimated expense ratios of each Fund. The Board took into account that under the New Advisory Agreements, the Adviser is responsible for paying substantially all of each Fund’s 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 ETFs relative to the estimated expense ratios of each respective Fund. Based on the foregoing, the Board concluded that each Fund’s advisory fee is reasonable in view of the services to be received by each Fund from the Adviser 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 the Adviser in connection with its provision of services to each Fund pursuant to the New Advisory Agreements. In particular, the Board took into account the Adviser’s expectations that during each Fund’s’ initial period of operations that each Fund is likely to operate below its breakeven levels and its profitability to the Adviser

Board Approval and Renewal of Investment Advisory and
Investment Sub-Advisory Agreements (Unaudited) (Continued)

would likely be below levels anticipated by the Adviser in later years. The Board noted potential benefits to the Adviser that could accrue as a result of managing each Fund, including potential reputational benefits. Based upon the foregoing, the Board concluded that the Adviser’s anticipated profitability from its relationship with each Fund was reasonable.

Potential Economies of Scale. The Board considered the initial levels of investor seed capital, as applicable, and the Adviser’s expectations concerning each Fund’s asset growth in the first year of operations and beyond. The Board noted the competitive environment in which each Fund will operate. The Board considered the effect of potential future asset growth on each Fund’s performance and expenses. The Board noted that if each Fund’s assets increase over time, then each 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 the Adviser 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 New Advisory Agreements, including the compensation payable to the Adviser under the New Advisory Agreements, is in the best interests of each Fund and their respective shareholders. Accordingly, the Board, including a majority of the Independent Trustees, voted to approve the entering into of the New Advisory Agreements, each for an initial two-year period.

In approving the renewal of the Existing Advisory Agreements the Board, including the Independent Trustees, considered various factors, including: (1) the nature, extent and quality of the services provided to the Funds by the Adviser; (2) the Adviser’s compensation under the Existing Advisory Agreements; (3) the expenses of the Funds; (4) the costs of services that are provided to the Funds and the profits realized by the Adviser from its management of the Funds; (5) 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 ETFs; and (7) other benefits to the Adviser 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 renewal of the Existing Advisory Agreements are discussed below.

Nature, Extent and Quality of Services Provided by the Adviser. In considering the nature, extent and quality of the services provided by the Adviser under the Existing Advisory Agreements, the Board reviewed information provided by the Adviser relating to its operations and personnel. The Board considered the level and depth of knowledge and professional experience and qualifications of the Adviser’s personnel. The Board also took into account the systems and resources that the Adviser has devoted to investment management and legal and compliance services. Based on the foregoing, the Board concluded that it was satisfied with the nature, extent and quality of the services provided to each Fund by the Adviser under the Existing Advisory Agreements.

Performance. The Board took into account that the Adviser does not currently manage any other accounts or funds with similar investment objectives and policies and does not operate any affiliated advisory entities and the challenges involved in developing a comparable peer group for the Funds in light of the unique characteristics of the Funds. The Board took into consideration the professional experience and investment capabilities of the individuals who serve as portfolio managers to each Fund. In addition, the Board considered the Adviser’s investment philosophy and portfolio construction process and the systems and tools the Adviser uses in managing each Fund in accordance with such Fund’s respective investment objectives and investment strategies. The Board noted the limited history of operations of certain of the Funds and noted that it was important to provide each Fund’s portfolio management team sufficient time to establish a more significant performance history. Based on the foregoing, the Board concluded that the Adviser is qualified to manage each Fund’s assets in accordance with each Fund’s investment objectives and investment strategies.

Board Approval and Renewal of Investment Advisory and
Investment Sub-Advisory Agreements (Unaudited) (Continued)

Compensation and Expenses. The Board considered the compensation that each Fund is required to pay to the Adviser under the Existing Advisory Agreements and the expense ratios of each Fund. The Board took into account that under the Existing Advisory Agreements, the Adviser is responsible for paying substantially all of each Fund’s 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 ETFs relative to the expense ratios of each Fund. Based on the foregoing, the Board concluded that each Fund’s advisory fee is reasonable in view of the services received by each Fund from the Adviser and the other factors considered.

Costs of Services, Profitability and Fall-out Benefits. The Board considered the cost of services provided and the profits realized by the Adviser in connection with its provision of services to each Fund pursuant to the Existing Advisory Agreements. In particular, the Board took into account each Fund’s limited history of operations and the Adviser’s expectations that during each Fund’s’ initial period of operations, each Fund is likely to operate below their breakeven levels and the Fund’s current profitability to the Adviser would likely be below levels anticipated by the Adviser in later years. The Board noted that, while the Funds were not currently profitable, the Adviser had sufficient financial resources to support the Funds. The Board noted benefits to the Adviser that have accrued as a result of managing each Fund, including reputational benefits. Based upon the foregoing, the Board concluded that the Adviser’s profitability from its relationship with each Fund was reasonable.

Economies of Scale. The Board noted the competitive environment in which each Fund operates. Given the Funds’ limited history of operations, the Board considered the effect of potential future asset growth on each Fund’s performance and expenses. The Board noted that, although the Funds were not currently profitable, if each Fund’s assets continue to increase over time, then each 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 compensation currently being paid by each Fund to the Adviser 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 renewal of the Existing Advisory Agreements, including the compensation payable to the Adviser under the Existing Advisory Agreements, is in the best interests of each Fund and their respective shareholders. Accordingly, the Board, including a majority of the Independent Trustees, voted to approve the renewal of the Existing Advisory Agreements for an additional one-year period.

Pursuant to an exemption obtained by the Trust and the Adviser, the Adviser is permitted, on behalf of the Funds and subject to the approval of the Board, including a majority of the Independent Trustees, to hire, and to modify any existing or future sub-advisory agreement with, unaffiliated sub-advisers and affiliated sub-advisers. The Adviser has the ultimate responsibility for overseeing the Funds’ sub-advisers and recommending their hiring, termination and replacement, subject to oversight by the Board. The exemption also contains relief from certain disclosure obligations with regard to sub-advisory fees. The exemption does not apply to the Investment Sub-Advisory Agreement between the Adviser and Delaware Investments Fund Advisers, a series of Macquarie Investment Management Business Trust (“MIMBT”) with respect to the BondBloxx USD High Yield Bond Sector Rotation ETF (the “Sector Rotation Fund”).

Also at the November Meeting, the Board, including a majority of the Independent Trustees, voted to approve the entering into of the Investment Sub-Advisory Agreement between the Adviser and MIMBT, with respect to the CLO Fund for an initial two-year period (the “CLO Fund Sub-Advisory Agreement”). In determining whether to approve the entering into of the CLO Fund Sub-Advisory Agreement, the Adviser and MIMBT furnished information necessary for a majority of the Independent Trustees to make the determination that the entering into of the CLO Fund Sub-Advisory Agreement was in the best interests of the CLO Fund and its shareholders. Prior to voting, the Independent Trustees reviewed the proposed

Board Approval and Renewal of Investment Advisory and
Investment Sub-Advisory Agreements (Unaudited) (Continued)

entering into of the CLO Fund Sub-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 CLO Fund Sub-Advisory Agreement.

Also at the February Meeting, the Board, including a majority of the Independent Trustees, voted to approve the entering into of the Investment Sub-Advisory Agreement between the Adviser and Income Research + Management (“IR+M,” and, together with MIMBT, the “Sub-Advisers”) with respect to the Tax-Aware Intermediate Duration Fund for an initial two-year period (the “Tax-Aware Intermediate Duration Fund Sub-Advisory Agreement”). In determining whether to approve the entering into of the Tax-Aware Intermediate Duration Fund Sub-Advisory Agreement, the Adviser and IR+M furnished information necessary for a majority of the Independent Trustees to make the determination that the entering into of the Tax-Aware Intermediate Duration Fund Sub-Advisory Agreement was in the best interests of the Tax-Aware Intermediate Duration Fund and its shareholders. Prior to voting, the Independent Trustees reviewed the proposed entering into of the Tax-Aware Intermediate Duration Fund Sub-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 Tax-Aware Intermediate Duration Fund Sub-Advisory Agreement.

In approving the CLO Fund Sub-Advisory Agreement and the Tax-Aware Intermediate Duration Fund Sub-Advisory Agreement (collectively, the “New Sub-Advisory Agreements”), the Board, including the Independent Trustees, considered various factors, including: (1) the nature, extent and quality of the services to be provided to the CLO Fund by MIMBT and the Tax-Aware Intermediate Duration Fund by IR+M; (2) MIMBT’s and IR+M’s proposed compensation under the New Sub-Advisory Agreements; (3) the estimated expenses of the CLO Fund by MIMBT and of the Tax-Aware Intermediate Duration Fund by IR+M; (4) the estimated costs of services to be provided to the CLO Fund by MIMBT and to the Tax-Aware Intermediate Duration Fund by IR+M and the anticipated profits to be realized by MIMBT and IR+M from their management of the CLO Fund and the Tax-Aware Intermediate Duration Fund, respectively; (5) the potential for economies of scale and the sharing of any economies of scale with each Fund’s shareholders; (6) the fees paid by and services provided to comparable ETFs; and (7) other potential benefits to the MIMBT and IR+M from their relationships with the CLO Fund and the Tax-Aware Intermediate Duration Fund, respectively. The material factors and conclusions that formed the basis for the Board, including the Independent Trustees, to approve the New Sub-Advisory Agreements are discussed below.

Nature, Extent and Quality of Services to be Provided by the Sub-Advisers. In considering the nature, extent and quality of the services to be provided by MIMBT and IR+M under the New Sub-Advisory Agreements, the Board reviewed information provided by MIMBT and IR+M relating to each Sub-Adviser’s operations and personnel. The Board considered the level and depth of knowledge and professional experience and qualifications of each Sub-Adviser’s personnel. The Board also took into account the systems and resources that MIMBT and IR+M intended to devote to investment management and legal and compliance services. The Board noted that MIMBT and IR+M will be responsible for managing the day-to-day investment operations of the CLO Fund and the Tax-Aware Intermediate Duration Fund, respectively, and the Adviser will be responsible for administering the CLO Fund and the Tax-Aware Intermediate Duration Fund. 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 CLO Fund by MIMBT and the Tax-Aware Intermediate Duration Fund by IR+M under the New Sub-Advisory Agreements.

Performance. The Board took into consideration the professional experience and investment capabilities of the individuals who are expected to serve as portfolio managers to the CLO Fund and the Tax-Aware Intermediate Duration Fund. In addition, the Board considered each Sub-Adviser’s investment philosophy and portfolio construction process and the systems and tools MIMBT and IR+M expect to use in managing the CLO Fund and the Tax-Aware Intermediate Duration Fund, respectively, in accordance with each Fund’s respective investment objectives and investment strategies. Based on the foregoing, the Board concluded that MIMBT and IR+M are qualified to manage the CLO Fund and the Tax-Aware Intermediate Duration Fund’s assets, respectively, in accordance with each Fund’s investment objective and investment strategies.

Proposed Compensation and Estimated Expenses. The Board considered the proposed compensation payable to MIMBT and IR+M under the New Sub-Advisory Agreements and the estimated expense ratios of each of the CLO Fund and the Tax-Aware Intermediate Duration Fund. The Board took into account that under the New Sub-Advisory Agreements,

each Sub-Adviser will bear all expenses in connection with the performance of its services under the New Sub-Advisory Agreements, excluding any Fund expenses as set forth in the prospectus of each Fund. Based on the foregoing, the Board concluded that each Sub-Adviser’s proposed compensation is reasonable in view of the services to be provided to the CLO Fund and the Tax-Aware Intermediate Duration Fund by MIMBT and IR+M, respectively, 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 each of MIMBT and IR+M in connection with its provision of services to the CLO Fund and the Tax-Aware Intermediate Duration Fund, respectively, pursuant to the New Sub-Advisory Agreements. The Board noted potential benefits to MIMBT and IR+M that could accrue as a result of managing the CLO Fund and the Tax-Aware Intermediate Duration Fund, respectively, including potential reputational benefits. Based upon the foregoing, the Board concluded that each Sub-Adviser’s anticipated profitability from its relationship with the CLO Fund and the Tax-Aware Intermediate Duration Fund, as applicable, was reasonable.

Potential Economies of Scale. The Board considered the initial levels of investor seed capital and the Adviser’s, MIMBT’s and IR+M’s expectations concerning the CLO Fund’s and the Tax-Aware Intermediate Duration Fund’s asset growth in the first year of operations and beyond. The Board noted the competitive environment in which the CLO Fund and the Tax-Aware Intermediate Duration Fund will operate. The Board considered the effect of potential future asset growth on the CLO Fund and the Tax-Aware Intermediate Duration Fund. The Board noted that if the CLO Fund’s and the Tax-Aware Intermediate Duration Fund’s assets increase over time, each 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 payable to MIMBT and IR+M is reasonable.

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 New Sub-Advisory Agreements, including the compensation payable under each New Sub-Advisory Agreement to MIMBT and IR+M is in the best interests of the CLO Fund and the Tax-Aware Intermediate Duration Fund and their respective shareholders. Accordingly, the Board, including a majority of the Independent Trustees, voted to approve the entering into of the New Sub-Advisory Agreements, each for an initial two-year period.

Also at the February Meeting, the Board, including a majority of the Independent Trustees, voted to approve the Amended and Restated Investment Sub-Advisory Agreement between the Adviser and IR+M with respect to BondBloxx IR+M Tax-Aware ETF For California Residents, BondBloxx IR+M Tax-Aware ETF For Massachusetts Residents and BondBloxx IR+M Tax-Aware ETF For New York Residents (each, a “Tax-Aware State Resident Fund” and collectively, the “Tax-Aware State Resident Funds”) (the “Amended Sub-Advisory Agreement”). In approving the Amended Sub-Advisory Agreement, the Board, including the Independent Trustees, considered various factors, including: (1) the nature, extent and quality of the services to be provided to the Tax-Aware State Resident Funds by IR+M; (2) IR+M’s proposed compensation under the Amended Sub-Advisory Agreement; (3) the estimated expenses of the Tax-Aware State Resident Funds by IR+M; (4) the estimated costs of services to be provided to the Tax-Aware State Resident Funds by IR+M and the anticipated profits to be realized by IR+M from their management of the Tax-Aware State Resident Funds; (5) the potential for economies of scale and the sharing of any economies of scale with each Tax-Aware State Resident Fund’s shareholders; (6) the fees paid by and services provided to comparable ETFs; and (7) other potential benefits to IR+M from their relationships with the Tax-Aware State Resident Funds. The material factors and conclusions that formed the basis for the Board, including the Independent Trustees, to approve the Amended Sub-Advisory Agreement are discussed below.

Nature, Extent and Quality of Services to be Provided by the Sub-Adviser. In considering the nature, extent and quality of the services to be provided by IR+M under the Amended Sub-Advisory Agreement, the Board reviewed information provided by IR+M relating to IR+M’s operations and personnel. The Board considered the level and depth of knowledge and professional experience and qualifications of IR+M’s personnel. The Board also took into account the systems and resources that IR+M

Board Approval and Renewal of Investment Advisory and
Investment Sub-Advisory Agreements (Unaudited) (Continued)

intended to devote to investment management and legal and compliance services. The Board noted that IR+M will be responsible for managing the day-to-day investment operations of the Tax-Aware State Resident Funds and the Adviser will be responsible for administering the Tax-Aware State Resident Funds. 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 Tax-Aware State Resident Funds by IR+M under the Amended Sub-Advisory Agreement.

Performance. The Board took into consideration the professional experience and investment capabilities of the individuals who are expected to serve as portfolio managers to the Tax-Aware State Resident Funds. In addition, the Board considered IR+M’s investment philosophy and portfolio construction process and the systems and tools IR+M expects to use in managing the Tax-Aware State Resident Funds in accordance with each Tax-Aware State Resident Fund’s respective investment objectives and investment strategies. Based on the foregoing, the Board concluded that IR+M is qualified to manage each Tax-Aware State Resident Fund’s assets in accordance with each Fund’s investment objective and investment strategies.

Proposed Compensation and Estimated Expenses. The Board considered the proposed compensation payable to IR+M under the Amended Sub-Advisory Agreement and the estimated expense ratios of each Tax-Aware State Resident Fund. The Board took into account that under the Amended Sub-Advisory Agreement, IR+M will bear all expenses in connection with the performance of its services under the Amended Sub-Advisory Agreement, excluding any Fund expenses as set forth in the prospectus of each Tax-Aware State Resident Fund. Based on the foregoing, the Board concluded that IR+M’s proposed compensation is reasonable in view of the services to be provided to the Tax-Aware State Resident Funds by IR+M 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 IR+M in connection with its provision of services to the Tax-Aware State Resident Funds pursuant to the Amended Sub-Advisory Agreement. The Board noted potential benefits to IR+M that could accrue as a result of managing the Tax-Aware State Resident Funds including potential reputational benefits. Based upon the foregoing, the Board concluded that IR+M’s anticipated profitability from its relationship with the Tax-Aware State Resident Funds was reasonable.

Potential Economies of Scale. The Board considered the initial levels of investor seed capital and the Adviser’s and IR+M’s expectations concerning each Tax-Aware State Resident Fund’s asset growth in the first year of operations and beyond. The Board noted the competitive environment in which the Tax-Aware State Resident Funds will operate. The Board considered the effect of potential future asset growth on the Tax-Aware State Resident Funds. The Board noted that if each Tax-Aware State Resident Fund’s assets increase over time, each 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 payable to IR+M is reasonable.

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 Amended Sub-Advisory Agreement, including the compensation payable under the Amended Sub-Advisory Agreement to IR+M is in the best interests of the Tax-Aware State Resident Funds and their respective shareholders. Accordingly, the Board, including a majority of the Independent Trustees, voted to approve the entering into of the Amended Sub-Advisory Agreement for an initial two-year period.

At the November Meeting, the Board, including a majority of the Independent Trustees, voted to renew the Investment Sub-Advisory Agreement between the Adviser and MIMBT with respect to the Sector Rotation Fund (the “Sector Rotation Fund Sub-Advisory Agreement”). At a meeting held on April 8, 2025, the Board, including a majority of the Independent Trustees, voted to terminate the Sector Rotation Fund Sub-Advisory Agreement. Following the termination, the Adviser would accept sole responsibility for managing the Sector Rotation Fund’s investment strategy.

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.

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

There were no changes in and/or disagreements with Accountants during the period covered by this report.

There were no matters submitted to a vote of shareholders during the period covered by this report.

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Companies.

The aggregate renumeration paid to all Trustees is included within the financial statements under Item 7 of this Form N-CSR.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

The basis for approval of the Investment Advisory Contracts is included within the financial statements under Item 7 of this Form N-CSR.

Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the Registrant’s board of directors.

Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

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.

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.

Portfolio of Investments		1
Statements of Assets and Liabilities		223
Statements of Operations		229
Statements of Changes in Net Assets		235
Financial Highlights		248
Notes to the Financial Statements		271
Supplemental Information		295
Board Approval and Renewal of Investment Advisory and Investment Sub-Advisory Agreements		296

	Rate (%)	Maturity	Face Amount		Value
CORPORATE BONDS – 98.0%
ADVERTISING – 0.7%
Neptune Bidco US, Inc.⁽¹⁾	9.29	04/15/29	$	443,000	$	394,813

AEROSPACE/DEFENSE – 8.8%
AAR Escrow Issuer LLC⁽¹⁾	6.75	03/15/29		90,000		92,215
Bombardier, Inc.⁽¹⁾	6.00	02/15/28		115,000		113,843
Bombardier, Inc.⁽¹⁾	7.00	06/01/32		120,000		121,558
Bombardier, Inc.⁽¹⁾	7.25	07/01/31		110,000		112,762
Bombardier, Inc.⁽¹⁾	7.45	05/01/34		99,000		104,151
Bombardier, Inc.⁽¹⁾	7.50	02/01/29		130,000		134,036
Bombardier, Inc.⁽¹⁾	7.88	04/15/27		134,000		134,411
Bombardier, Inc.⁽¹⁾	8.75	11/15/30		140,000		150,187
Efesto Bidco SpA/Efesto US LLC⁽¹⁾	7.50	02/15/32		135,000		134,116
F-Brasile SpA/F-Brasile US LLC⁽¹⁾	7.38	08/15/26		85,000		85,151
Goat Holdco LLC⁽¹⁾	6.75	02/01/32		125,000		122,314
Moog, Inc.⁽¹⁾	4.25	12/15/27		79,000		76,279
Spirit AeroSystems, Inc.	3.85	06/15/26		50,000		49,184
Spirit AeroSystems, Inc.	4.60	06/15/28		125,000		120,974
Spirit AeroSystems, Inc.⁽¹⁾	9.38	11/30/29		151,000		160,880
Spirit AeroSystems, Inc.⁽¹⁾	9.75	11/15/30		200,000		221,631
TransDigm, Inc.	4.63	01/15/29		199,000		191,637
TransDigm, Inc.	4.88	05/01/29		125,000		120,780
TransDigm, Inc.	5.50	11/15/27		457,000		455,229
TransDigm, Inc.⁽¹⁾	6.00	01/15/33		255,000		254,693
TransDigm, Inc.⁽¹⁾	6.38	03/01/29		470,000		479,382
TransDigm, Inc.⁽¹⁾	6.63	03/01/32		375,000		384,602
TransDigm, Inc.⁽¹⁾	6.75	08/15/28		360,000		367,684
TransDigm, Inc.⁽¹⁾	6.88	12/15/30		250,000		257,786
TransDigm, Inc.⁽¹⁾	7.13	12/01/31		175,000		182,111
Triumph Group, Inc.⁽¹⁾	9.00	03/15/28		165,000		173,292
						4,800,888
AIRLINES – 3.3%
Air Canada⁽¹⁾	3.88	08/15/26		202,000		198,373
Allegiant Travel Co.⁽¹⁾	7.25	08/15/27		90,000		83,201
American Airlines, Inc.⁽¹⁾	7.25	02/15/28		150,000		148,310
American Airlines, Inc.⁽¹⁾	8.50	05/15/29		175,000		178,468
American Airlines, Inc./AAdvantage Loyalty IP Ltd.⁽¹⁾	5.75	04/20/29		485,000		470,941
JetBlue Airways Corp./JetBlue Loyalty LP⁽¹⁾	9.88	09/20/31		340,000		313,449
OneSky Flight LLC⁽¹⁾	8.88	12/15/29		100,000		101,097
VistaJet Malta Finance PLC/Vista Management Holding, Inc.⁽¹⁾	6.38	02/01/30		175,000		151,297
VistaJet Malta Finance PLC/Vista Management Holding, Inc.⁽¹⁾	7.88	05/01/27		80,000		77,792
VistaJet Malta Finance PLC/Vista Management Holding, Inc.⁽¹⁾	9.50	06/01/28		90,000		88,013
						1,810,941
APPAREL – 0.2%
S&S Holdings LLC⁽¹⁾	8.38	10/01/31		100,000		94,096

	Shares		Value
COMMON STOCKS – 0.0%
MEDIA – 0.0%
Beasley Broadcast Group, Inc. Class A*		24	$	130
TOTAL COMMON STOCKS (Cost - $297)				130

*	Non-Income producing security.
⁽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 April 30, 2025, amounts to $64,537,673 and represents 83.0% of net assets. These securities have been deemed liquid under procedures approved by the Trust’s Board of Trustees.

	⁽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 April 30, 2025, amounts to $31,167,526 and represents 77.7% 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.

	Shares		Value
EXCHANGE-TRADED FUNDS – 99.9%
UNITED STATES^(a) – 99.9%
BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF		114,438	$	4,184,860
BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF		75,225		2,830,340
BondBloxx USD High Yield Bond Energy Sector ETF		75,865		2,826,730
BondBloxx USD High Yield Bond Financial & REIT Sector ETF		116,402		4,353,435
BondBloxx USD High Yield Bond Healthcare Sector ETF		69,611		2,419,414
BondBloxx USD High Yield Bond Industrial Sector ETF		196,240		7,358,902
BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF		190,165		6,503,643
TOTAL EXCHANGE-TRADED FUNDS (Cost - $30,283,640)				30,477,324

	Rate (%)	Maturity	Face Amount		Value
CORPORATE BONDS – 97.8%
ADVERTISING – 1.8%
Advantage Sales & Marketing, Inc.⁽¹⁾	6.50	11/15/28	$	40,000	$	32,249
Clear Channel Outdoor Holdings, Inc.⁽¹⁾	5.13	08/15/27		70,000		68,128
Clear Channel Outdoor Holdings, Inc.⁽¹⁾	7.88	04/01/30		55,000		55,080
Clear Channel Outdoor Holdings, Inc.⁽¹⁾	9.00	09/15/28		55,000		56,987
Neptune Bidco US, Inc.⁽¹⁾	9.29	04/15/29		165,000		147,052
Outfront Media Capital LLC/Outfront Media Capital Corp.⁽¹⁾	4.25	01/15/29		25,000		23,246
Outfront Media Capital LLC/Outfront Media Capital Corp.⁽¹⁾	4.63	03/15/30		35,000		32,383
Outfront Media Capital LLC/Outfront Media Capital Corp.⁽¹⁾	5.00	08/15/27		35,000		34,327
Stagwell Global LLC⁽¹⁾	5.63	08/15/29		70,000		66,140
						515,592
AEROSPACE/DEFENSE – 2.9%
Bombardier, Inc.⁽¹⁾	6.00	02/15/28		50,000		49,497
Bombardier, Inc.⁽¹⁾	7.00	06/01/32		65,000		65,844
Bombardier, Inc.⁽¹⁾	7.25	07/01/31		45,000		46,130
Bombardier, Inc.⁽¹⁾	7.45	05/01/34		20,000		21,041
Bombardier, Inc.⁽¹⁾	7.50	02/01/29		45,000		46,397
Bombardier, Inc.⁽¹⁾	7.88	04/15/27		41,000		41,126
Bombardier, Inc.⁽¹⁾	8.75	11/15/30		45,000		48,274
Efesto Bidco SpA/Efesto US LLC⁽¹⁾	7.50	02/15/32		55,000		54,640
Goat Holdco LLC⁽¹⁾	6.75	02/01/32		45,000		44,033
Spirit AeroSystems, Inc.⁽¹⁾	9.75	11/15/30		75,000		83,112
TransDigm, Inc.	4.63	01/15/29		65,000		62,595
TransDigm, Inc.	4.88	05/01/29		52,000		50,245
TransDigm, Inc.	5.50	11/15/27		165,000		164,360
Triumph Group, Inc.⁽¹⁾	9.00	03/15/28		53,000		55,663
						832,957
AIRLINES – 0.5%
OneSky Flight LLC⁽¹⁾	8.88	12/15/29		35,000		35,384
VistaJet Malta Finance PLC/Vista Management Holding, Inc.⁽¹⁾	6.38	02/01/30		70,000		60,519
VistaJet Malta Finance PLC/Vista Management Holding, Inc.⁽¹⁾	7.88	05/01/27		25,000		24,310
VistaJet Malta Finance PLC/Vista Management Holding, Inc.⁽¹⁾	9.50	06/01/28		25,000		24,448
						144,661
APPAREL – 0.5%
Champ Acquisition Corp.⁽¹⁾	8.38	12/01/31		30,000		31,679
Crocs, Inc.⁽¹⁾	4.13	08/15/31		30,000		26,262
Crocs, Inc.⁽¹⁾	4.25	03/15/29		15,000		13,938
Hanesbrands, Inc.⁽¹⁾	9.00	02/15/31		35,000		36,301
S&S Holdings LLC⁽¹⁾	8.38	10/01/31		35,000		32,934
						141,114
AUTO MANUFACTURERS – 0.4%
Aston Martin Capital Holdings Ltd.⁽¹⁾	10.00	03/31/29		65,000		55,928
JB Poindexter & Co., Inc.⁽¹⁾	8.75	12/15/31		35,000		35,232
Wabash National Corp.⁽¹⁾	4.50	10/15/28		30,000		25,302
						116,462

⁽¹⁾	Security was purchased pursuant to Regulation S under the Securities Act of 1933 and may not be resold subject to that Regulation except to qualified institutional buyers. The aggregate value of Regulation S holdings at April 30, 2025, amounts to $216,339,415 and represents 63.0% of net assets. These securities have been deemed liquid under procedures approved by the Trust’s Board of Trustees.
⁽²⁾	Defaulted security. Security has not paid its last interest payment and/or interest is not being accrued.
⁽³⁾	Variable rate security. Interest rate disclosed is that which is in effect at April 30, 2025.
⁽⁴⁾	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 April 30, 2025.
⁽⁵⁾	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 April 30, 2025, amounts to $3,176,780 and represents 0.9% of net assets. These securities have been deemed liquid under procedures approved by the Trust’s Board of Trustees.

Country	Percent of Net Assets
Angola		1.0	%
Argentina		4.4	%
Azerbaijan		0.7	%
Bahrain		3.6	%
Bolivia		0.1	%
Brazil		3.5	%
Chile		1.8	%
China		2.7	%
Colombia		2.2	%
Costa Rica		0.7	%
Dominican Republic		2.4	%
Ecuador		1.6	%
Egypt		2.6	%
El Salvador		0.3	%
Ethiopia		0.2	%
Ghana		1.3	%
Hong Kong		0.4	%
Hungary		2.7	%
India		1.4	%
Indonesia		3.4	%
Iraq		0.1	%
Ivory Coast		0.9	%
Jamaica		0.3	%
Jordan		1.1	%
Kazakhstan		0.3	%
Kenya		1.3	%
Kuwait		0.7	%
Latvia		0.3	%
Lebanon		0.5	%
Malaysia		1.8	%
Mexico		4.2	%
Morocco		0.8	%
Nigeria		2.3	%
Oman		3.4	%
Pakistan		1.1	%
Panama		1.9	%

Country	Percent of Net Assets
Paraguay		0.2	%
Peru		2.0	%
Philippines		2.8	%
Poland		4.1	%
Qatar		2.5	%
Romania		3.4	%
Saudi Arabia		7.1	%
Senegal		0.4	%
Serbia		0.8	%
South Africa		2.3	%
Sri Lanka		1.0	%
Trinidad And Tobago		0.2	%
Turkey		5.7	%
Ukraine		1.3	%
United Arab Emirates		4.1	%
Uruguay		1.6	%
Venezuela		1.0	%
Zambia		0.2	%
Other*		1.3	%
		100.0	%

SOFR	Secured Overnight Financing Rate.
ZCP	Indicates a zero coupon rate.

	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	$	53,924,132		$	76,424,161		$	30,333,633		$	39,357,396	$	11,393,441
Cash		6,426			–			–			–		–
Receivable for investments sold		572,819			1,342,042			1,386,499			1,097,520		–
Interest income receivable		927,375			1,423,821			433,337			675,677		214,920
TOTAL ASSETS		55,430,752			79,190,024			32,153,469			41,130,593		11,608,361
LIABILITIES:
Payable for investments purchased		1,068,216			1,365,036			1,762,679			991,788		369,836
Management fees payable (Note 3)		17,550			25,521			9,826			12,841		3,546
TOTAL LIABILITIES		1,085,766			1,390,557			1,772,505			1,004,629		373,382
NET ASSETS	$	54,344,986		$	77,799,467		$	30,380,964		$	40,125,964	$	11,234,979

COMPONENTS OF NET ASSETS
Paid-in capital		55,884,936			79,630,802			31,300,923			39,542,084		12,101,461
Total distributable earnings/(accumulated loss)		(1,539,950	)		(1,831,335	)		(919,959	)		583,880		(866,482	)
NET ASSETS	$	54,344,986		$	77,799,467		$	30,380,964		$	40,125,964	$	11,234,979

Shares outstanding		1,450,000			2,275,000			875,000			1,075,000		302,500
Net asset value, offering and redemption price per share	$	37.48		$	34.20		$	34.72		$	37.33	$	37.14
Investment in securities, at cost	$	54,916,723		$	77,960,496		$	30,430,901		$	39,062,477	$	11,971,844

	BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF			BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF			BondBloxx USD High Yield Bond Sector Rotation ETF			BondBloxx BB Rated USD High Yield Corporate Bond ETF			BondBloxx B Rated USD High Yield Corporate Bond ETF
ASSETS:
Investments in securities, at value	$	41,555,288		$	23,152,597		$	30,546,012	^(a)	$	277,477,407		$	28,779,051
Cash		–			–			–			–			893
Receivable for investments sold		293,755			346,580			–			5,081,876			329,039
Interest income receivable		655,361			333,072			–			4,117,329			540,280
Due from the Adviser		–			–			59,984			–			–
Other assets		–			–			3,615			–			–
TOTAL ASSETS		42,504,404			23,832,249			30,609,611			286,676,612			29,649,263
LIABILITIES:
Due to custodian		–			1,346			–			–			–
Payable for investments purchased		463,302			309,478			–			5,969,028			582,092
Management fees payable (Note 3)		14,066			7,463			–			45,661			7,089
Administration fees payable (Note 3)		–			–			27,854			–			–
Audit fees payable		–			–			26,308			–			–
Legal fees payable		–			–			48,541			–			–
TOTAL LIABILITIES		477,368			318,287			102,703			6,014,689			589,181
NET ASSETS	$	42,027,036		$	23,513,962		$	30,506,908		$	280,661,923		$	29,060,082

COMPONENTS OF NET ASSETS
Paid-in capital		43,907,436			23,958,647			89,540,776			281,655,291			29,649,064
Total distributable earnings/(accumulated loss)		(1,880,400	)		(444,685	)		(59,033,868	)		(993,368	)		(588,982	)
NET ASSETS	$	42,027,036		$	23,513,962		$	30,506,908		$	280,661,923		$	29,060,082

Shares outstanding		1,150,000			625,000			2,050,000			7,000,000			750,000
Net asset value, offering and redemption price per share	$	36.55		$	37.62		$	14.88		$	40.09		$	38.75
Investment in securities, at cost	$	42,673,914		$	23,475,397		$	30,352,328		$	279,020,839		$	29,158,221

	BondBloxx CCC Rated USD High Yield Corporate Bond ETF			BondBloxx BBB Rated 1-5 Year Corporate Bond ETF		BondBloxx BBB Rated 5-10 Year Corporate Bond ETF		BondBloxx BBB Rated 10+ Year Corporate Bond ETF			BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF
ASSETS:
Investments in securities, at value	$	120,886,087		$	118,555,008	$	10,023,219	$	7,003,247		$	340,588,686
Cash		1,200			–		75		–			1,409
Receivable for investments sold		2,553,478			2,852,064		498,141		220,380			7,219,183
Interest income receivable		2,649,033			1,283,699		119,954		101,322			4,129,992
TOTAL ASSETS		126,089,798			122,690,771		10,641,389		7,324,949			351,939,270
LIABILITIES:
Payable for investments purchased		3,007,625			2,626,428		480,934		215,799			8,557,155
Management fees payable (Note 3)		40,485			17,387		1,882		1,102			80,748
TOTAL LIABILITIES		3,048,110			2,643,815		482,816		216,901			8,637,903
NET ASSETS	$	123,041,688		$	120,046,956	$	10,158,573	$	7,108,048		$	343,301,367

COMPONENTS OF NET ASSETS
Paid-in capital		129,392,565			118,446,530		10,133,840		7,513,310			331,612,000
Total distributable earnings/(accumulated loss)		(6,350,877	)		1,600,426		24,733		(405,262	)		11,689,367
NET ASSETS	$	123,041,688		$	120,046,956	$	10,158,573	$	7,108,048		$	343,301,367

Shares outstanding		3,300,000			2,350,000		200,000		150,000			8,150,000
Net asset value, offering and redemption price per share	$	37.29		$	51.08	$	50.79	$	47.39		$	42.12
Investment in securities, at cost	$	127,533,453		$	117,706,970	$	10,046,065	$	7,343,651		$	332,500,969
Foreign currency, at cost	$	–		$	–	$	–	$	–		$	2,258

	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
ASSETS:
Investments in securities, at value	$	1,325,175,491	$	577,551,907	$	128,573,640	$	150,560,244	$	146,544,285
Cash		–		1,404		–		536		320
Receivable for investments sold		84,861,001		46,184,636		4,759,651		6,537,489		9,667,792
Receivable for shares created		–		–		–		–		1,983,220
Interest income receivable		–		4,145,484		816,112		990,144		1,070,421
TOTAL ASSETS		1,410,036,492		627,883,431		134,149,403		158,088,413		159,266,038
LIABILITIES:
Due to custodian		10,795		–		–		–		–
Payable for investments purchased		84,837,010		45,628,605		4,880,500		6,268,517		11,011,524
Management fees payable (Note 3)		27,471		15,250		5,230		6,134		9,695
TOTAL LIABILITIES		84,875,276		45,643,855		4,885,730		6,274,651		11,021,219
NET ASSETS	$	1,325,161,216	$	582,239,576	$	129,263,673	$	151,813,762	$	148,244,819

COMPONENTS OF NET ASSETS
Paid-in capital		1,321,654,371		581,924,473		128,698,506		149,968,602		145,074,246
Total distributable earnings/(accumulated loss)		3,506,845		315,103		565,167		1,845,160		3,170,573
NET ASSETS	$	1,325,161,216	$	582,239,576	$	129,263,673	$	151,813,762	$	148,244,819

Shares outstanding		26,320,000		11,700,000		2,600,000		3,040,000		2,990,000
Net asset value, offering and redemption price per share	$	50.35	$	49.76	$	49.72	$	49.94	$	49.58
Investment in securities, at cost	$	1,324,698,539	$	576,153,219	$	127,303,513	$	148,462,265	$	145,116,425

	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			BondBloxx IR+M Tax-Aware Short Duration ETF		BondBloxx IR+M Tax-Aware Intermediate Duration ETF
ASSETS:
Investments in securities, at value	$	143,966,194	$	557,592,431	$	60,131,687		$	167,541,069	$	9,807,725
Receivable for investments sold		10,518,924		18,304,808		2,215,783			–		–
Interest income receivable		1,636,047		6,822,648		469,046			1,944,486		111,183
TOTAL ASSETS		156,121,165		582,719,887		62,816,516			169,485,555		9,918,908
LIABILITIES:
Due to custodian		–		55,320		–			–		–
Payable for investments purchased		10,044,677		15,901,438		2,105,167			1,650,230		–
Management fees payable (Note 3)		5,789		33,038		6,208			46,746		2,796
TOTAL LIABILITIES		10,050,466		15,989,796		2,111,375			1,696,976		2,796
NET ASSETS	$	146,070,699	$	566,730,091	$	60,705,141		$	167,788,579	$	9,916,112

COMPONENTS OF NET ASSETS
Paid-in capital		144,230,367		563,388,738		70,842,452			167,283,548		9,996,607
Total distributable earnings/(accumulated loss)		1,840,332		3,341,353		(10,137,311	)		505,031		(80,495	)
NET ASSETS	$	146,070,699	$	566,730,091	$	60,705,141		$	167,788,579	$	9,916,112

Shares outstanding		3,040,000		12,200,000		1,550,000			3,330,000		200,000
Net asset value, offering and redemption price per share	$	48.05	$	46.45	$	39.16		$	50.39	$	49.58
Investment in securities, at cost	$	141,944,892	$	557,298,969	$	62,933,113		$	167,475,755	$	9,933,854

	BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents			BondBloxx Private Credit CLO ETF
ASSETS:
Investments in securities, at value	$	6,338,544		$	112,863,951
Interest income receivable		74,946			495,408
TOTAL ASSETS		6,413,490			113,359,359
LIABILITIES:
Management fees payable (Note 3)		1,795			59,941
TOTAL LIABILITIES		1,795			59,941
NET ASSETS	$	6,411,695		$	113,299,418

COMPONENTS OF NET ASSETS
Paid-in capital		6,491,328			113,796,494
Total distributable earnings/(accumulated loss)		(79,633	)		(497,076	)
NET ASSETS	$	6,411,695		$	113,299,418

Shares outstanding		130,000			2,250,000
Net asset value, offering and redemption price per share	$	49.32		$	50.36
Investment in securities, at cost	$	6,447,987		$	113,967,528

	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
INVESTMENT INCOME:
Interest income	$	2,725,914		$	4,624,511		$	1,622,314		$	2,048,761		$	499,807
Total income		2,725,914			4,624,511			1,622,314			2,048,761			499,807
EXPENSES:
Management fees (Note 3)		137,397			197,271			78,110			98,597			25,128
Total Expenses		137,397			197,271			78,110			98,597			25,128
NET INVESTMENT INCOME/(LOSS)		2,588,517			4,427,240			1,544,204			1,950,164			474,679

NET REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS:
Net realized gain/(loss) on:
Investments in securities		(13,901	)		37,470			(122,418	)		70,694			(1,027	)
Unaffiliated in-kind redemptions		(659,947	)		(313,664	)		(353,840	)		193,953			(193,595	)
Net realized gain/(loss)		(673,848	)		(276,194	)		(476,258	)		264,647			(194,622	)
Change in unrealized appreciation/(depreciation) on:
Investments in securities		(1,442,932	)		(3,080,095	)		(549,841	)		(1,111,992	)		(505,458	)
Change in unrealized appreciation/(depreciation)		(1,442,932	)		(3,080,095	)		(549,841	)		(1,111,992	)		(505,458	)
Net Realized and Unrealized Gain/(Loss) on Investments		(2,116,780	)		(3,356,289	)		(1,026,099	)		(847,345	)		(700,080	)
Net Increase/(Decrease) in Net Assets Resulting from Operations	$	471,737		$	1,070,951		$	518,105		$	1,102,819		$	(225,401	)

	BondBloxx CCC Rated USD High Yield Corporate Bond ETF			BondBloxx BBB Rated 1-5 Year Corporate Bond ETF		BondBloxx BBB Rated 5-10 Year Corporate Bond ETF			BondBloxx BBB Rated 10+ Year Corporate Bond ETF			BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF
INVESTMENT INCOME:
Interest income	$	6,975,036		$	2,009,538	$	285,766		$	276,881		$	10,610,582
Other income		–			–		–			–			1,035
Total income		6,975,036			2,009,538		285,766			276,881			10,611,617
EXPENSES:
Management fees (Note 3)		255,929			75,529		10,240			8,967			450,416
Other expenses		216			–		–			–			101
Total Expenses		256,145			75,529		10,240			8,967			450,517
NET INVESTMENT INCOME/(LOSS)		6,718,891			1,934,009		275,526			267,914			10,161,100

NET REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS:
Net realized gain/(loss) on:
Investments in securities		205,855			58,835		(6,125	)		(23,159	)		2,095,458
Unaffiliated in-kind redemptions		496,820			253,179		4,735			(74,758	)		503,240
Net realized gain/(loss)		702,675			312,014		(1,390	)		(97,917	)		2,598,698
Change in unrealized appreciation/(depreciation) on:
Investments in securities		(9,651,318	)		361,191		(13,385	)		(374,965	)		(2,742,292	)
Foreign currency transactions		–			–		–			–			120
Change in unrealized appreciation/(depreciation)		(9,651,318	)		361,191		(13,385	)		(374,965	)		(2,742,172	)
Net Realized and Unrealized Gain/(Loss) on Investments		(8,948,643	)		673,205		(14,775	)		(472,882	)		(143,474	)
Net Increase/(Decrease) in Net Assets Resulting from Operations	$	(2,229,752	)	$	2,607,214	$	260,751		$	(204,968	)	$	10,017,626

	BondBloxx IR+M Tax-Aware ETF for Massachusetts Residents⁽¹⁾			BondBloxx Private Credit CLO ETF⁽²⁾
INVESTMENT INCOME:
Interest income	$	32,691		$	1,810,616
Total income		32,691			1,810,616
EXPENSES:
Management fees (Note 3)		2,881			157,385
Total Expenses		2,881			157,385
NET INVESTMENT INCOME/(LOSS)		29,810			1,653,231

NET REALIZED AND UNREALIZED GAIN/(LOSS) ON INVESTMENTS:
Net realized gain/(loss) on:
Investments in securities		–			(432	)
Net realized gain/(loss)		–			(432	)
Change in unrealized appreciation/(depreciation) on:
Investments in securities		(109,443	)		(1,103,577	)
Change in unrealized appreciation/(depreciation)		(109,443	)		(1,103,577	)
Net Realized and Unrealized Gain/(Loss) on Investments		(109,443	)		(1,104,009	)
Net Increase/(Decrease) in Net Assets Resulting from Operations	$	(79,633	)	$	549,222

Semi-Annual Shareholder Report as of April 30, 2025

What Were The Fund Costs For The Last Six Months?

Key Fund Statistics

Top 10 Holdings (% of Net Assets)Footnote Reference*

Maturity BreakdownFootnote Reference* (% of Net Assets)

Householding

Semi-Annual Shareholder Report as of April 30, 2025

What Were The Fund Costs For The Last Six Months?

Key Fund Statistics

Top 10 Holdings (% of Net Assets)Footnote Reference*

Maturity BreakdownFootnote Reference* (% of Net Assets)

Householding

Semi-Annual Shareholder Report as of April 30, 2025

What Were The Fund Costs For The Last Six Months?

Key Fund Statistics

Top 10 Holdings (% of Net Assets)Footnote Reference*

Maturity BreakdownFootnote Reference* (% of Net Assets)

Householding

Semi-Annual Shareholder Report as of April 30, 2025

What Were The Fund Costs For The Last Six Months?

Key Fund Statistics

Top 10 Holdings (% of Net Assets)Footnote Reference*

Maturity BreakdownFootnote Reference* (% of Net Assets)

Householding

Semi-Annual Shareholder Report as of April 30, 2025

What Were The Fund Costs For The Last Six Months?

Key Fund Statistics

Top 10 Holdings (% of Net Assets)Footnote Reference*

Maturity BreakdownFootnote Reference* (% of Net Assets)

Householding

Semi-Annual Shareholder Report as of April 30, 2025

What Were The Fund Costs For The Last Six Months?

Key Fund Statistics

Top 10 Holdings (% of Net Assets)Footnote Reference*

Maturity BreakdownFootnote Reference* (% of Net Assets)

Householding

Semi-Annual Shareholder Report as of April 30, 2025

What Were The Fund Costs For The Last Six Months?

Key Fund Statistics

Top 10 Holdings (% of Net Assets)Footnote Reference*

Maturity BreakdownFootnote Reference* (% of Net Assets)

Householding

Semi-Annual Shareholder Report as of April 30, 2025

What Were The Fund Costs For The Last Six Months?

Key Fund Statistics

Top 10 Holdings (% of Net Assets)Footnote Reference*

Householding

Semi-Annual Shareholder Report as of April 30, 2025

What Were The Fund Costs For The Last Six Months?

Key Fund Statistics

Top 10 Holdings (% of Net Assets)Footnote Reference*

Maturity BreakdownFootnote Reference* (% of Net Assets)

Householding

Semi-Annual Shareholder Report as of April 30, 2025

What Were The Fund Costs For The Last Six Months?

Key Fund Statistics

Top 10 Holdings (% of Net Assets)Footnote Reference*

Maturity BreakdownFootnote Reference* (% of Net Assets)

Householding

Semi-Annual Shareholder Report as of April 30, 2025

What Were The Fund Costs For The Last Six Months?

Key Fund Statistics

Top 10 Holdings (% of Net Assets)Footnote Reference*

Maturity BreakdownFootnote Reference* (% of Net Assets)

Householding

Semi-Annual Shareholder Report as of April 30, 2025

What Were The Fund Costs For The Last Six Months?

Key Fund Statistics

Top 10 Holdings (% of Net Assets)Footnote Reference*

Maturity BreakdownFootnote Reference* (% of Net Assets)

Householding

Semi-Annual Shareholder Report as of April 30, 2025

What Were The Fund Costs For The Last Six Months?

Key Fund Statistics

Top 10 Holdings (% of Net Assets)Footnote Reference*

Maturity BreakdownFootnote Reference* (% of Net Assets)

Householding

Semi-Annual Shareholder Report as of April 30, 2025

What Were The Fund Costs For The Last Six Months?

Key Fund Statistics

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

Top 10 Holdings (% of Net Assets)^{Footnote Reference*}

Maturity Breakdown^{Footnote Reference*} (% of Net Assets)

	⁽¹⁾	Fund commenced operations on March 11, 2025. Shares of TAXM were listed on the NYSE Arca, Inc. on March 13, 2025.
	⁽²⁾	Fund commenced operations on December 2, 2024. Shares of PCMM were listed on the NASDAQ Stock Market LLC on December 4, 2024.

	BondBloxx USD High Yield Bond Industrial Sector ETF						BondBloxx USD High Yield Bond Telecom, Media & Technology Sector ETF
	For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024			For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024
OPERATIONS:
Net investment income/(loss)	$	2,588,517		$	4,305,179		$	4,427,240		$	3,765,288
Net realized gain/(loss) on investments		(673,848	)		1,045,907			(276,194	)		(461,565	)
Net change in unrealized appreciation/(depreciation) on investments		(1,442,932	)		2,191,941			(3,080,095	)		2,982,979
Net increase/(decrease) in net assets resulting from operations		471,737			7,543,027			1,070,951			6,286,702

DISTRIBUTIONS TO SHAREHOLDERS:
Distributions from distributable earnings		(2,698,240	)		(4,150,759	)		(4,585,729	)		(3,279,475	)

CAPITAL TRANSACTIONS:
Proceeds from shares sold		7,379,120			64,498,700			17,375,125			77,171,915
Cost of shares redeemed		(32,801,763	)		(26,741,290	)		(43,990,105	)		(1,644,690	)
Net increase/(decrease) in net assets from capital transactions		(25,422,643	)		37,757,410			(26,614,980	)		75,527,225
Increase/(decrease) in net assets		(27,649,146	)		41,149,678			(30,129,758	)		78,534,452

NET ASSETS:
Beginning of period		81,994,132			40,844,454			107,929,225			29,394,773
End of period	$	54,344,986		$	81,994,132		$	77,799,467		$	107,929,225

CHANGES IN SHARES OUTSTANDING:
Shares outstanding, beginning of period		2,150,000			1,150,000			3,100,000			900,000
Shares sold		200,000			1,700,000			500,000			2,250,000
Shares redeemed		(900,000	)		(700,000	)		(1,325,000	)		(50,000	)
Shares outstanding, end of period		1,450,000			2,150,000			2,275,000			3,100,000

	BondBloxx USD High Yield Bond Energy Sector ETF						BondBloxx USD High Yield Bond Consumer Cyclicals Sector ETF
	For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024			For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024
OPERATIONS:
Net investment income/(loss)	$	474,679		$	2,838,821		$	2,250,697		$	3,151,573
Net realized gain/(loss) on investments		(194,622	)		1,457,116			(813,780	)		602,425
Net change in unrealized appreciation/(depreciation) on investments		(505,458	)		415,664			(1,658,073	)		1,251,658
Net increase/(decrease) in net assets resulting from operations		(225,401	)		4,711,601			(221,156	)		5,005,656

DISTRIBUTIONS TO SHAREHOLDERS:
Distributions from distributable earnings		(479,372	)		(2,889,467	)		(2,369,099	)		(2,907,383	)

CAPITAL TRANSACTIONS:
Proceeds from shares sold		7,411,120			60,260,735			5,436,475			59,638,510
Cost of shares redeemed		(9,145,825	)		(68,923,500	)		(32,149,583	)		(13,121,760	)
Net increase/(decrease) in net assets from capital transactions		(1,734,705	)		(8,662,765	)		(26,713,108	)		46,516,750
Increase/(decrease) in net assets		(2,439,478	)		(6,840,631	)		(29,303,363	)		48,615,023

NET ASSETS:
Beginning of period		13,674,457			20,515,088			71,330,399			22,715,376
End of period	$	11,234,979		$	13,674,457		$	42,027,036		$	71,330,399

CHANGES IN SHARES OUTSTANDING:
Shares outstanding, beginning of period		352,500			552,500			1,900,000			650,000
Shares sold		200,000			1,550,000			150,000			1,600,000
Shares redeemed		(250,000	)		(1,750,000	)		(900,000	)		(350,000	)
Shares outstanding, end of period		302,500			352,500			1,150,000			1,900,000

	BondBloxx USD High Yield Bond Consumer Non-Cyclicals Sector ETF						BondBloxx USD High Yield Bond Sector Rotation ETF
	For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024			For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024
OPERATIONS:
Net investment income/(loss)	$	975,701		$	879,509		$	972,365		$	2,319,662
Net realized gain/(loss) on investments		(136,709	)		(32,146	)		20,873			314,588
Net change in unrealized appreciation/(depreciation) on investments		(472,749	)		682,035			(519,618	)		1,506,932
Net increase/(decrease) in net assets resulting from operations		366,243			1,529,398			473,620			4,141,182

DISTRIBUTIONS TO SHAREHOLDERS:
Distributions from distributable earnings		(1,007,652	)		(788,908	)		(974,409	)		(2,374,535	)

CAPITAL TRANSACTIONS:
Proceeds from shares sold		9,282,445			19,078,280			3,443,672			10,186,841
Cost of shares redeemed		(15,588,465	)		–			(607,752	)		(12,349,493	)
Net increase/(decrease) in net assets from capital transactions		(6,306,020	)		19,078,280			2,835,920			(2,162,652	)
Increase/(decrease) in net assets		(6,947,429	)		19,818,770			2,335,131			(396,005	)

NET ASSETS:
Beginning of period		30,461,391			10,642,621			28,171,777			28,567,782
End of period	$	23,513,962		$	30,461,391		$	30,506,908		$	28,171,777

CHANGES IN SHARES OUTSTANDING:
Shares outstanding, beginning of period		800,000			300,000			1,860,000			2,010,000
Shares sold		250,000			500,000			230,000			680,000
Shares redeemed		(425,000	)		–			(40,000	)		(830,000	)
Shares outstanding, end of period		625,000			800,000			2,050,000			1,860,000

	BondBloxx BB Rated USD High Yield Corporate Bond ETF						BondBloxx B Rated USD High Yield Corporate Bond ETF
	For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024			For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024
OPERATIONS:
Net investment income/(loss)	$	3,302,555		$	3,618,729		$	864,492		$	1,146,359
Net realized gain/(loss) on investments		(47,640	)		(66,191	)		(17,947	)		(124,812	)
Net change in unrealized appreciation/(depreciation) on investments		(2,776,386	)		3,645,457			(722,134	)		958,463
Net increase/(decrease) in net assets resulting from operations		478,529			7,197,995			124,411			1,980,010

DISTRIBUTIONS TO SHAREHOLDERS:
Distributions from distributable earnings		(2,223,365	)		(3,592,728	)		(796,069	)		(1,130,858	)

CAPITAL TRANSACTIONS:
Proceeds from shares sold		221,733,450			7,993,265			11,902,015			3,927,365
Net increase/(decrease) in net assets from capital transactions		221,733,450			7,993,265			11,902,015			3,927,365
Increase/(decrease) in net assets		219,988,614			11,598,532			11,230,357			4,776,517

NET ASSETS:
Beginning of period		60,673,309			49,074,777			17,829,725			13,053,208
End of period	$	280,661,923		$	60,673,309		$	29,060,082		$	17,829,725

CHANGES IN SHARES OUTSTANDING:
Shares outstanding, beginning of period		1,500,000			1,300,000			450,000			350,000
Shares sold		5,500,000			200,000			300,000			100,000
Shares outstanding, end of period		7,000,000			1,500,000			750,000			450,000

	BondBloxx CCC Rated USD High Yield Corporate Bond ETF						BondBloxx BBB Rated 1-5 Year Corporate Bond ETF
	For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024			For the Six Months Ended April 30, 2025 (Unaudited)			For the Period Ended October 31, 2024⁽¹⁾
OPERATIONS:
Net investment income/(loss)	$	6,718,891		$	6,236,459		$	1,934,009		$	1,179,731
Net realized gain/(loss) on investments		702,675			(857,965	)		312,014			32,225
Net change in unrealized appreciation/(depreciation) on investments		(9,651,318	)		4,123,310			361,191			486,847
Net increase/(decrease) in net assets resulting from operations		(2,229,752	)		9,501,804			2,607,214			1,698,803

DISTRIBUTIONS TO SHAREHOLDERS:
Distributions from distributable earnings		(6,531,619	)		(5,483,094	)		(1,786,226	)		(919,365	)

CAPITAL TRANSACTIONS:
Proceeds from shares sold		62,492,640			86,475,075			75,955,830			62,740,120
Cost of shares redeemed		(35,193,250	)		(5,670,525	)		(20,249,420	)		–
Net increase/(decrease) in net assets from capital transactions		27,299,390			80,804,550			55,706,410			62,740,120
Increase/(decrease) in net assets		18,538,019			84,823,260			56,527,398			63,519,558

NET ASSETS:
Beginning of period		104,503,669			19,680,409			63,519,558			–
End of period	$	123,041,688		$	104,503,669		$	120,046,956		$	63,519,558

CHANGES IN SHARES OUTSTANDING:
Shares outstanding, beginning of period		2,650,000			550,000			1,250,000			–
Shares sold		1,600,000			2,250,000			1,500,000			1,250,000
Shares redeemed		(950,000	)		(150,000	)		(400,000	)		–
Shares outstanding, end of period		3,300,000			2,650,000			2,350,000			1,250,000

	BondBloxx BBB Rated 5-10 Year Corporate Bond ETF						BondBloxx BBB Rated 10+ Year Corporate Bond ETF
	For the Six Months Ended April 30, 2025 (Unaudited)			For the Period Ended October 31, 2024⁽¹⁾			For the Six Months Ended April 30, 2025 (Unaudited)			For the Period Ended October 31, 2024⁽¹⁾
OPERATIONS:
Net investment income/(loss)	$	275,526		$	205,920		$	267,914		$	249,830
Net realized gain/(loss) on investments		(1,390	)		(1,872	)		(97,917	)		6,237
Net change in unrealized appreciation/(depreciation) on investments		(13,385	)		(9,461	)		(374,965	)		34,561
Net increase/(decrease) in net assets resulting from operations		260,751			194,587			(204,968	)		290,628

DISTRIBUTIONS TO SHAREHOLDERS:
Distributions from distributable earnings		(257,075	)		(173,530	)		(276,277	)		(214,645	)

CAPITAL TRANSACTIONS:
Proceeds from shares sold		5,056,875			7,595,425			5,004,300			7,328,975
Cost of shares redeemed		(2,518,460	)		–			(4,819,965	)		–
Net increase/(decrease) in net assets from capital transactions		2,538,415			7,595,425			184,335			7,328,975
Increase/(decrease) in net assets		2,542,091			7,616,482			(296,910	)		7,404,958

NET ASSETS:
Beginning of period		7,616,482			–			7,404,958			–
End of period	$	10,158,573		$	7,616,482		$	7,108,048		$	7,404,958

CHANGES IN SHARES OUTSTANDING:
Shares outstanding, beginning of period		150,000			–			150,000			–
Shares sold		100,000			150,000			100,000			150,000
Shares redeemed		(50,000	)		–			(100,000	)		–
Shares outstanding, end of period		200,000			150,000			150,000			150,000

	BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF						BondBloxx Bloomberg Six Month Target Duration US Treasury ETF
	For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024			For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024
OPERATIONS:
Net investment income/(loss)	$	10,161,100		$	13,761,220		$	21,703,415		$	55,509,311
Net realized gain/(loss) on investments		2,598,698			1,663,979			84,319			1,111,138
Net change in unrealized appreciation/(depreciation) on investments		(2,742,172	)		16,280,703			(232,092	)		1,135,352
Net increase/(decrease) in net assets resulting from operations		10,017,626			31,705,902			21,555,642			57,755,801

DISTRIBUTIONS TO SHAREHOLDERS:
Distributions from distributable earnings		(10,165,739	)		(13,454,640	)		(21,477,173	)		(56,714,301	)

CAPITAL TRANSACTIONS:
Proceeds from shares sold		99,128,520			75,504,760			541,150,752			641,133,646
Cost of shares redeemed		(10,535,370	)		(22,318,460	)		(116,010,805	)		(839,117,347	)
Net increase/(decrease) in net assets from capital transactions		88,593,150			53,186,300			425,139,947			(197,983,701	)
Increase/(decrease) in net assets		88,445,037			71,437,562			425,218,416			(196,942,201	)

NET ASSETS:
Beginning of period		254,856,330			183,418,768			899,942,800			1,096,885,001
End of period	$	343,301,367		$	254,856,330		$	1,325,161,216		$	899,942,800

CHANGES IN SHARES OUTSTANDING:
Shares outstanding, beginning of period		6,050,000			4,750,000			17,870,000			21,810,000
Shares sold		2,350,000			1,850,000			10,760,000			12,760,000
Shares redeemed		(250,000	)		(550,000	)		(2,310,000	)		(16,700,000	)
Shares outstanding, end of period		8,150,000			6,050,000			26,320,000			17,870,000

	BondBloxx Bloomberg One Year Target Duration US Treasury ETF						BondBloxx Bloomberg Two Year Target Duration US Treasury ETF
	For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024			For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024
OPERATIONS:
Net investment income/(loss)	$	13,314,078		$	25,616,717		$	2,974,284		$	5,222,465
Net realized gain/(loss) on investments		(289,079	)		(823,627	)		120,055			(365,491	)
Net change in unrealized appreciation/(depreciation) on investments		685,921			1,992,594			865,193			1,635,022
Net increase/(decrease) in net assets resulting from operations		13,710,920			26,785,684			3,959,532			6,491,996

DISTRIBUTIONS TO SHAREHOLDERS:
Distributions from distributable earnings		(13,234,822	)		(25,788,925	)		(3,092,424	)		(5,054,888	)

CAPITAL TRANSACTIONS:
Proceeds from shares sold		207,328,584			364,720,110			16,235,802			84,523,977
Cost of shares redeemed		(158,809,792	)		(359,698,756	)		(38,368,066	)		(40,461,786	)
Net increase/(decrease) in net assets from capital transactions		48,518,792			5,021,354			(22,132,264	)		44,062,191
Increase/(decrease) in net assets		48,994,890			6,018,113			(21,265,156	)		45,499,299

NET ASSETS:
Beginning of period		533,244,686			527,226,573			150,528,829			105,029,530
End of period	$	582,239,576		$	533,244,686		$	129,263,673		$	150,528,829

CHANGES IN SHARES OUTSTANDING:
Shares outstanding, beginning of period		10,720,000			10,600,000			3,050,000			2,150,000
Shares sold		4,180,000			7,350,000			330,000			1,720,000
Shares redeemed		(3,200,000	)		(7,230,000	)		(780,000	)		(820,000	)
Shares outstanding, end of period		11,700,000			10,720,000			2,600,000			3,050,000

	BondBloxx Bloomberg Three Year Target Duration US Treasury ETF						BondBloxx Bloomberg Five Year Target Duration US Treasury ETF
	For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024			For the Six Months Ended April 30, 2025 (Unaudited)			For the Year Ended October 31, 2024
OPERATIONS:
Net investment income/(loss)	$	2,277,313		$	2,335,059		$	2,932,369		$	3,162,261
Net realized gain/(loss) on investments		(79,858	)		(246,053	)		2,471,732			(431,463	)
Net change in unrealized appreciation/(depreciation) on investments		2,302,621			371,980			1,950,153			1,008,714
Net increase/(decrease) in net assets resulting from operations		4,500,076			2,460,986			7,354,254			3,739,512

DISTRIBUTIONS TO SHAREHOLDERS:
Distributions from distributable earnings		(2,112,356	)		(2,091,424	)		(2,564,846	)		(2,880,621	)

CAPITAL TRANSACTIONS:
Proceeds from shares sold		91,092,825			74,850,057			736,445,123			95,850,308
Cost of shares redeemed		(42,392,517	)		(3,414,716	)		(714,993,421	)		(11,238,815	)
Net increase/(decrease) in net assets from capital transactions		48,700,308			71,435,341			21,451,702			84,611,493
Increase/(decrease) in net assets		51,088,028			71,804,903			26,241,110			85,470,384

NET ASSETS:
Beginning of period		100,725,734			28,920,831			122,003,709			36,533,325
End of period	$	151,813,762		$	100,725,734		$	148,244,819		$	122,003,709

CHANGES IN SHARES OUTSTANDING:
Shares outstanding, beginning of period		2,050,000			600,000			2,510,000			780,000
Shares sold		1,860,000			1,520,000			15,100,000			1,960,000
Shares redeemed		(870,000	)		(70,000	)		(14,620,000	)		(230,000	)
Shares outstanding, end of period		3,040,000			2,050,000			2,990,000			2,510,000