What Benchmade says:
Inspired by the insanely popular Bugout, the15535 Taggedout is a slim, ultralight hunting knife with abundant grip texturing for solid in-hand lockup. Capable of handling the wildest of wilderness tasks, this hi-visibility folder makes razor sharp cuts thanks to a thin, tough CPM-154 blade with SelectEdge. From prepping food in camp to dressing animals in the field, the new 15535 Taggedout is a go-to for go-far adventures.

CPM-154 Wear Resistant Stainless Steel (58-61 HRC)
This powder-metal version of conventional 154CM steel has a much finer microstructure with smaller carbide particles than its counterpart, resulting in improved toughness and strength.

Grivory
Glass-filled thermoplastic composite known for being extremely light and durable. Widely used for automotive, industrial, and aerospace applications.

Clip Point
Blade contains a sharp beak, typically forward of the midpoint, as if the tip has been "clipped off."