Launched in 1993, the S&P Depository Receipt, or Spider, will soon turn 30. Over these 3 decades, the ETF product landscape has grown tremendously both in assets under management and in the increasing breadth of risk profiles that can be accessed. Credit-focused ETFs have seen particularly robust growth, with products like the HYG reaching an asset size in the tens of billions. And with this in mind, it was a pleasure to welcome Joanna Gallegos, co-founder of ETF creator BondBloxx, to the Alpha Exchange.Spending her 20 year career in the design and production of exchange traded funds, Joanna shares her perspective on the inputs that have been critical for providers to deliver products at such scale. Here, she cites the operational efficiencies developed by passive index money managers in the years preceding ETFs. Our conversation turns to fixed income ETFs and the founding idea of BondBloxx, a suite of products designed to provide more targeted credit exposure based on both industry and rating. Launching with 7 sectors that comprise the BofA high yield index, BondBloxx products may be to the HYG what ETFs like the XLF and XLK are to the SPY.We finish our discussion with some of Joanna’s views on the efforts to motivate career development for females in finance. She’s benefitted a great deal from female mentorship in her career and now, in a very senior position, draws from these positive lessons in advocating for professional in the early parts of their career.  I hope you enjoy this episode of the Alpha Exchange, my conversation with Joanna Gallegos. BondBloxx Investment Management Corporation (“BondBloxx”) is a registered investment adviser. The content of this podcast is intended for informational purposes only and is not intended to be investment advice. The views expressed in this podcast are subject to change based on market and other conditions. Information about the qualifications and business practices of BondBloxx is available on the SEC’s website at www.adviserinfo.sec.gov._