BNDD

KraneShares Quadratic Deflation ETF
*Unless otherwise stated, data provided by FactSet.

BNDD Fund Description

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

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 MSCI ESG Analytics Insight

KraneShares Quadratic Deflation ETF has an MSCI ESG Fund Rating of A based on a score of 6.10 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. KraneShares Quadratic Deflation ETF ranks in the 34th percentile within its peer group and in the 67th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PERFORMANCE [as of 01/13/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
BNDD -4.47% 5.79% -2.61% -- -- -- --
BNDD (NAV) -4.45% 3.27% -2.07% -- -- -- --
No Underlying Index -- -- -- -- -- -- --
Barclays US Aggregate Government - Treasury -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

BNDD Summary Data

CICC
KraneShares
09/21/21
Open-Ended Fund
0.99%
$118.71M
$4.79M
0.11%

BNDD Portfolio Data

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N/A
3

BNDD Index Data

No Underlying Index
Proprietary
Proprietary
Barclays US Aggregate Government - Treasury

BNDD Portfolio Management

0.99%
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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

BNDD Factset Analytics Block Liquidity

As of 01/14/22
5
4
3
2
1

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

181,982
$4.79M
113,475
$2.97M
0.11%
$0.03
0.11%
0.92% / -0.51%
None
100.00%
25,000
4.54
--
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0
$25.57
N/A

BNDD Top 10 Holdings

11.49%
3.85%
100.00%

BNDD Performance Statistics

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BNDD MSCI ESG Ratings

6.10 / 10
67.47
34.42
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BNDD Holdings Statistics

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3
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BNDD Avg Life Maturity Distribution

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BNDD OAS Breakdown

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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.