Symbols

BNDD

Quadratic Deflation ETF·ARCA

--(--)

Key Stats

Assets Under Management

8.76MUSD

Fund Flows (1Y)

-3.43MUSD

Dividend Yield

3.83%

Discount/Premium to NAV

-0.30%

Shares Outstanding

90.60K

Expense Ratio

1.02%

About Quadratic Deflation ETF

Issuer

Krane Funds Advisors, LLC

Brand

KraneShares

Home Page

https://kfafunds.com/bndd/

Inception Date

Sep 20, 2021

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Krane Funds Advisors LLC

Distributor

SEI Investments Distribution Co.

BNDD, as opposed to its sibling fund—IVOL, aims to protect against deflation or negative long-term interest rates. The actively managed portfolio consists of US treasuries (or treasury-based ETFs) and options strategies of any maturity including long options, long spreads, and butterflies. These over-the-counter options are expected to appreciate in value as the US interest rate curve flattens or inverts, however, investors should note that option premiums may incur additional cost in a steady interest rate environment.