Defined Duration 5 ETF

Cboe: DDV

Listed November 13, 2025

Overview

DDV is a Defined Duration ETF targeting a 5-year time horizon across its holdings using a systematic and time-weighted bond/stock asset allocation. The fund is designed for capital preservation and growth, with an emphasis on preservation over 5-year periods to align with corresponding financial-planning needs.

Portfolio Construction

DDV seeks to maintain a constant 5-year portfolio time horizon through a rules-based blend of assets using the Defined Duration method. The Fund aims to achieve this by holding between 8090% in high-quality investment-grade and U.S. government bonds (typically with shorter maturities), combined with a 1020% sleeve of global equities tilted toward lower-duration characteristics, such as value and high-quality stocks. Its allocation is as follows:

1. Fund of funds: Allocates across highly liquid, broadly diversified ETFs/funds for exposure to thousands of underlying instruments.
2. Bonds (8090%): Emphasis on U.S. government and investment-grade securities; maturities kept on the shorter side to anchor the overall ~5-year target.
3. Equities (1020%): Global exposure tilted toward income, value, and quality stocks to lower equity duration and reduce potential excess equity volatility.