Jan 20, 2026 (MarketLine via COMTEX) --
PCMM provides access to diversified private credit through an ETF structure with transparency, liquidity, and a management fee lower than many interval funds.
Launched just over a year ago, the BondBloxx Private Credit CLO ETF (PCMM) has quickly emerged as a leader in the private credit ETF category, offering investors targeted exposure to loans powering the growth of America’s privately owned “middle market” companies, one of the true growth engines of the U.S. economy. Since launch, PCMM has grown to more than $185 million in assets under management and currently delivers a 7.22% yield-to-maturity and a 6.49% SEC yield.
In recognition of PCMM’s innovation, growth, and anniversary, the BondBloxx team will be ringing the Nasdaq closing bell today.
“As investor interest in private credit has grown and gained greater acceptance as a key part of a diversified income portfolio, investors and advisors have come to understand that what’s ‘under the hood’ in a private credit fund truly matters. Strong credit selection and diversification are essential, and both play a major role in how PCMM was built and how it is run,” said Tony Kelly, Co-Founder of BondBloxx. “With daily liquidity, transparency, and cost efficiency, PCMM is reshaping how investors think about allocating to other private credit vehicles, such as interval funds.”
Private credit has expanded rapidly as investors seek income, diversification, and reduced volatility alongside or in place of traditional public bond market exposures. The global private credit market is currently estimated at approximately $30 trillion across all categories and appears poised to see further growth in 2026 and beyond. In 2025, PCMM exhibited meaningfully lower volatility than broad stock or bond index exposures, with one-eighteenth that of the S&P 500 Index and one-quarter of the commonly cited Bloomberg U.S. Aggregate Bond Index, underscoring its use as a stabilizing allocation within diversified portfolios.
“PCMM resonates with clients looking for income and diversification from truly targeted exposure to private credit” said JoAnne Bianco, Senior Investment Strategist at BondBloxx. “Unlike strategies that blend public and private credit, PCMM is designed to invest only in private credit. The fund is highly diversified, which can help reduce the risk associated with concentrating in a single manager, sector or company. Across the underlying portfolio, PCMM provides exposure to over 7,000 middle market company loans.”
An attention-grabbing fund since its launch, PCMM remained on investors’ radars as 2025 unfolded, and was a key reason behind BondBloxx being named Best Fixed Income Asset Manager at the WealthManagement.com “Wealthies” Awards in September.1
That was one of several honors the fund and the firm have secured in recent months, which also include:
ETF Express Awards – Honored for excellence in fixed income ETFs, highlighted by PCMM’s pioneering strategy in private credit exposure.
MMI/Barron’s Industry Awards – Named a finalist for Asset Manager of the Year (Retail Advisory AUM < $25B), with the judges acknowledging BondBloxx’s broader impact and innovation across income solutions.
“PCMM is a compelling proof point showing just how much innovation there remains to be pursued in the ETF industry,” added Leland Clemons, BondBloxx Founder and Chief Executive Officer. “We’re incredibly excited about all that is still to come for PCMM, our comprehensive lineup of fixed income ETFs, and all of the new ways we continue to work to deliver investors greater clarity and control in navigating today’s bond markets.”
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