What is BNDD?

BNDD is an actively managed portfolio of US Treasuries and options strategies tied to the shape of the US interest rate swap curve.

PERFORMANCE [as of 03/28/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BNDD 2.48% 6.74% 6.05% -10.91% -- -- --
BNDD (NAV) 1.55% 1.36% 5.49% -12.15% -- -- --
No Underlying Index -- -- -- -- -- -- --
ICE BofAML US Treasury 2.43% 2.76% 2.56% -4.53% -4.57% 0.65% 0.89%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BNDD Factset Analytics Insight

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.

BNDD Summary Data

CICC
09/20/21
0.96%
$73.02M
No Underlying Index
ICE BofAML US Treasury
Open-Ended Fund

Peers

ICE BofAML US Treasury

Fund Flows

+$0.03B 5 Days
+$0.04B 30 Days
+$0.04B 90 Days

BNDD Portfolio Data

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BNDD Index Data

No Underlying Index
Proprietary
Proprietary
ICE BofAML US Treasury

BNDD Portfolio Management

0.96%
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BNDD Tax Exposures

20.00% / 39.60%
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Ordinary income
No

BNDD Fund Structure

Open-Ended Fund
No
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N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/29/23

This measurement shows how easy it is to trade a $1 million USD block of BNDD. BNDD is rated a N/A out of 5.

BNDD Tradability

122,798
$1.95M
54,404
$841.58K
0.11%
$0.02
-0.09%
1.08% / -1.28%
None
100.00%
25,000
2.18
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293
$15.76
N/A

BNDD Sector/Industry Breakdown

BNDD Segment
Benchmark
82.73% --
17.27% --

BNDD Top 10 Holdings

12.59%
2.59%
2.09%
100.00%

BNDD Performance Statistics

0.45
1.26
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BNDD Avg Life Maturity Distribution

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BNDD OAS Breakdown

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BNDD Holdings Statistics

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Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.