BondBloxx First to Market Private Credit ETF (PCMM) Celebrates Growth and 1 Year Anniversary

Core Insights - The BondBloxx Private Credit CLO ETF (PCMM) has quickly established itself as a leader in the private credit ETF space, providing investors with targeted exposure to loans that support the growth of America's middle market companies, which are vital to the U.S. economy [1][3] - Since its launch, PCMM has amassed over $185 million in assets under management, offering a yield-to-maturity of 7.22% and a 6.49% SEC yield [1][9] - The global private credit market is estimated at approximately $30 trillion and is expected to continue growing, with PCMM demonstrating significantly lower volatility compared to traditional stock and bond indices [3][4] Company Overview - BondBloxx Investment Management Corporation is the first ETF issuer focused solely on fixed income, offering a diverse range of exposures including U.S. Treasuries, investment grade, high yield, and emerging markets bonds [6] - The firm has received multiple accolades, including being named Best Fixed Income Asset Manager at the WealthManagement.com "Wealthies" Awards, highlighting its innovative approach in the ETF industry [4][5][7] Product Features - PCMM is designed to invest exclusively in private credit, providing a highly diversified portfolio that reduces risks associated with concentration in a single manager, sector, or company, with exposure to over 7,000 middle market company loans [4] - The fund offers daily liquidity, transparency, and cost efficiency, reshaping investor perceptions of private credit allocations compared to traditional interval funds [3][4]