Key stats
About Quadratic Deflation ETF
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Inception date
Sep 20, 2021
Structure
Open-Ended Fund
Replication method
Physical
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.
ISIN
US5007671812
BNDD, as opposed to its sibling fundIVOL, 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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Cash
Bonds, Cash & Other100.00%
ETF79.66%
Cash16.33%
Rights & Warrants4.01%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BNDD last dividends amounted to 0.29 USD. The month before, the issuer paid 0.30 USD in dividends, which shows a 3.20% decrease.
BNDD assets under management is 9.03 M USD. It's risen 2.86% over the last month.
BNDD fund flows account for −11.57 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, BNDD pays dividends to its holders with the dividend yield of 3.83%. The last dividend (Aug 29, 2025) amounted to 0.04 USD. The dividends are paid monthly.
BNDD shares are issued by China International Capital Corp. Ltd. under the brand KraneShares. The ETF was launched on Sep 20, 2021, and its management style is Active.
BNDD expense ratio is 1.02% meaning you'd have to pay 1.02% of your investment to help manage the fund.
BNDD follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BNDD invests in funds.
BNDD price has risen by 2.94% over the last month, and its yearly performance shows a −13.18% decrease. See more dynamics on BNDD price chart.
NAV returns, another gauge of an ETF dynamics, showed a 0.28% increase in three-month performance and has decreased by −11.05% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 0.28% increase in three-month performance and has decreased by −11.05% in a year.
BNDD trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.