Quadratic Deflation ETF (BNDD)

Quadratic Deflation ETF (BNDD) is an exchange-traded fund in the Long Government category. It has $17.91M in assets, an expense ratio of 1.02% and a 3.68% dividend yield. The fund invests in Treasuries of various maturities directly or through other exchange-traded funds that invest in Treasuries. The “option strategies” used by the fund are structured to limit the loss to the fund and include long options, long spreads and butterflies and are cash settled and tied to an index referencing the shape of the U.S. SOFR interest rate curve. The fund is non-diversified.