Defined Duration 10 ETF (DDX)

The Defined Duration 10 ETF (DDX) is an exchange-traded fund listed on Cboe BZX. As its name indicates, the fund is built around a fixed-income portfolio managed to maintain an interest-rate duration target of approximately 10 years.

Duration measures how sensitive a bond portfolio is to changes in interest rates, so holding the portfolio near a set duration gives the fund a relatively consistent level of rate exposure over time rather than letting that exposure drift as bonds age. Funds of this type are commonly used as building blocks for positioning along the yield curve.

Details of the specific securities, sponsor and methodology are set out in the fund's prospectus.