BNDD vs. GAL ETF Comparison

Comparison of Quadratic Deflation ETF (BNDD) to SPDR SSgA Global Allocation ETF (GAL)

BNDD

Quadratic Deflation ETF

BNDD Description

Quadratic Deflation ETF is an exchange traded fund launched and managed by Krane Funds Advisors, LLC. The fund is co-managed by Quadratic Capital Management LLC. It invests directly, through derivatives and through other funds in the fixed income markets of the United States. The fund primarily invests in a mix of U.S. Treasury securities and option strategies tied to the shape of the U.S. interest rate swap curve. It seeks to invest in securities of any maturity. The fund invests in securities of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. Quadratic Deflation ETF was formed on September 21, 2021 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$13.98

Average Daily Volume

19,080

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

GAL

SPDR SSgA Global Allocation ETF

GAL Description

The investment seeks to provide capital appreciation. The fund invests substantially all of its assets in the SSgA Global Allocation Portfolio (the "Portfolio"), a separate series of the SSgA Master Trust with an identical investment objective as the fund. As a result, the fund invests indirectly through the Portfolio. The Portfolio typically allocates approximately 60% of its assets to equity securities, though this percentage can vary based on the Adviser's tactical decisions.

Grade (RS Rating)

Last Trade

$45.13

Average Daily Volume

13,841

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

Performance

Period	BNDD	GAL
30 Days	0.30%	-0.08%
60 Days	-3.57%	0.30%
90 Days	-4.68%	1.10%
12 Months	-0.12%	16.54%

0 Overlapping Holdings

	Symbol	Grade	Weight in BNDD	Weight in GAL	Overlap

BNDD Overweight 1 Positions Relative to GAL

	Symbol	Grade	Weight
	VGLT	D	78.6%

BNDD Underweight 9 Positions Relative to GAL

	Symbol	Grade	Weight
	TIPX	C	-4.04%
	EBND	F	-3.01%
	IBND	F	-3.0%
	GWX	D	-2.96%
	XLC	A	-2.03%
	MDY	A	-1.98%
	SRLN	A	-1.52%
	EMHC	C	-1.5%
	BWX	F	-1.0%

BNDD: Top Represented Industries & Keywords

Industries:

Keywords: Barclays U.S. Long Government Bloomberg Barclays Us Aggregate Bond Index Bond Bond Market Indices Corporate Bond ETF Exchange Traded Fund Fixed Income Government Bond Inflation U.S. Government U.S. Treasury

GAL: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Bond Market Indices Index Fund Bond Bond Market State Street Global Advisors Barclays Blackstone Bloomberg Barclays Us Aggregate Bond Index Bloomberg L.P. Bond Market Index Emerging Market Exchange Traded Funds Global Industry Classification Standard Inflation Indexed Bond Interactive Media Investment Management Ishares Management Cybernetics