Defined Duration™ ETFs ETFs designed for financial planning.
A suite of three ETFs designed to support diversified time-based investment strategies. Each fund targets a 5-, 10-, and 20-year Defined Duration and is periodically rebalanced to maintain its intended exposure.
DDV maintains an approximate 5-year defined duration by holding 80-90% in high-quality bonds, complemented by a 10-20% global equity sleeve. This blend seeks balanced growth with capital preservation, helping investors align portfolios with near-term financial goals.
Overview
Explore strategy, methodology, holdings, and how a 5 year target duration supports near-term goals.
Fact Sheet
Download the latest DDV Fact Sheet with key stats and portfolio characteristics.
DDX maintains its 10 year target defined duration by using a time weighted rebalancing methodology that rebalances countercyclically between 30%-70% high quality US bonds and global equities.
Overview
Explore strategy, methodology, holdings, and how a 10-year target duration fits moderately long-term planning needs.
Fact Sheet
Download the latest DDX Fact Sheet with key stats and portfolio characteristics.
DDXX is designed for long-term growth of capital. It holds a globally diversified equity portfolio and employs a time-weighted rebalancing process, aiming to maximize growth potential while aligning with very long-term planning goals.
Overview
Explore strategy, methodology, holdings, and insights on how a 20-year target duration complements long-horizon goals.
Fact Sheet
Download the latest DDXX Fact Sheet with key stats, sector/country splits, and risk metrics.
What is Defined Duration™ Investing?
Defined Duration Investing (DDI) is a rules-based framework that organizes assets around the timing and predictability of liabilities and expenses. We match the defined duration (i.e. ‘how long your money is committed’) of your investments to your goals, rather than using guesswork or style boxes, thereby making financial planning more structured and easily understood.
- Advisors: We partner with advisors to integrate defined-duration investing into their client portfolios.
- Individuals: Contact us for customized plans, reviews, and tools to align investments with goals.
Temporal alignment
Defined Duration Investing starts with the financial plan by quantifying expected expenses and liabilities over specific time horizons. It then measures the time horizon of available assets and aligns them to meet investor goals across those same time periods.
Quantitative planning process
Profiles are constructed using quantitative metrics such as cash flow, expenses, and balance sheet strength rather than relying on subjective questionnaires or behavioral-based reactions.
Behavioral risk control
By clearly defining the purpose and timing of each portfolio sleeve, DDI helps investors stay focused on their plan and resist reacting to short-term market volatility, potentially improving planning discipline.
Targeted duration profiles
We structure time horizons across five planning buckets: 0–3 years, 3–7 years, 7–15 years, 15+ years, and perpetual. Assets are then matched to each time horizon using the Defined Duration process, ensuring every segment of the portfolio is customized to align with the investor’s financial plan.
Integrated with planning
The DDI process aligns directly with the ETF suite and is built to integrate seamlessly into planning workflows—supporting asset-liability matching and making it easier to communicate “what each sleeve does” over time.
Clear communication
Investors naturally think in terms of time horizons, not style boxes. DDI frames the investment process in simple, goal-aligned language, helping set expectations based on planning objectives rather than short-term performance hopes.
Why Defined Duration™ ETFs?
Defined Duration ETFs help match assets to specific financial planning needs using a time-aligned methodology. When wrapped in the ETF structure, this allows for a systematic and tax-efficient rebalancing strategy. Together, they offer a rules-based integration that better aligns portfolio management with financial planning.
Time-matched exposures
Each sleeve targets a temporal profile that seeks to match specific horizons—from near-term stability to long-term growth—so investors can plug and play pieces to match a financial plan.
Systematic & rules-based
Innovative and algorithmic rebalancing allows for fixed temporal targets instead of market cap weighted skews. This could better control for sequence of return risk and helps enhance certainty relative to the financial plan.
Asset-Liability Matching Asset Enhancement
Our multi-asset approach to ALM can potentially enhance the risk and return profile when compared to traditional ALM strategies.
Behavioral alignment
Clarifying the “job” of each sleeve helps set expectations and may reduce reactive decisions during periods of uncertainty.
IMPORTANT INFORMATION
The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. Click here for the Fund's Prospectus, and here for the Fund's SAI. All fund documents can be found at https://disciplinefunds.com/documents/. A free hardcopy of any prospectus may be obtained by calling +1.215.882.9983. Read carefully before investing.
There is no assurance that the Funds will achieve their investment objectives. The Funds may underperform their benchmarks or fail to meet defined duration targets or positive returns.
New Fund Risk. The Funds are recently organized management investment companies with limited operating history. There can be no assurance that the Funds will grow to or maintain an economically viable size.
Equity Investing Risk. An investment in the Funds involve risks similar to those of investing in any fund holding equity securities, such as market fluctuations, changes in interest rates and perceived trends in stock prices. The values of equity securities could decline generally or could underperform other investments. In addition, securities may decline in value due to factors affecting a specific issuer, market or securities markets generally.
Foreign Investment Risk. Returns on investments in underlying ETFs that invest foreign securities could be more volatile than, or trail the returns on, ETFs that invest in U.S. securities. Investments in foreign securities involve political, economic, and currency risks, greater volatility and differences in accounting methods. These risks are magnified in emerging markets.
Frontier Markets Risk. Compared to foreign developed and emerging markets, investing in frontier markets may involve heightened volatility.
Emerging Markets Risk. DDX and DDXX may invest indirectly in companies organized in developing and emerging market nations. Investments in securities and instruments traded in developing or emerging markets, or that provide exposure to such securities or markets, can involve additional risks relating to political, economic, or regulatory conditions not associated with investments in U.S. securities and instruments or investments in more developed international markets. Such conditions may impact the ability of the Funds to buy, sell or otherwise transfer securities, adversely affect the trading market and price for Funds shares and cause the Funds to decline in value.
Bond and Fixed Income Risks. DDV and DDX will be subject to bond and fixed income risks when it invests in bond ETFs. Changes in interest rates generally will cause the value of fixed-income and bond instruments held by underlying bond ETFs to vary inversely to such changes.
Countercyclical Investing Style Risk. DDV and DDX are subject to the risk of periods of underperformance versus comparable passively-managed funds due to counter-cyclical investing. If the equity markets are rising and the economy is robust, the counter-cyclical style may cause the Funds to hold less equity securities, which may cause it to underperform for a period. In the event of a large equity market or macroeconomic decline (that is, the U.S. economy is performing poorly), the countercyclical rebalancing methodology may result in a higher equity allocation.
Quantitative Security Selection Risk. Data for some ETFs and for some of the companies in which the underlying ETFs invest may be less available and/or less current than data for companies in other markets due to various causes. The ETFs selected using a quantitative model could perform differently from the financial markets as a whole, as a result of the characteristics used in the analysis, the weight placed on each Characteristic, and changes in the characteristic's historical trends.
Fund of Funds Risk. Because the Funds invest primarily in other funds, the Funds' investment performance largely depends on the investment performance of the selected underlying exchange-traded funds (ETFs). An investment in the Funds is subject to the risks associated with the ETFs that then-currently comprise the Funds' portfolio.
Management Risk. The Funds are actively managed and may not meet their investment objective based on the Adviser's or Sub-Adviser's success or failure to implement investment strategies for the Funds.
Growth Investing Risk. DDXX invests in growth securities, which may be more volatile than other types of investments, may perform differently than the market as a whole and may underperform when compared to securities with different investment parameters. Under certain market conditions, growth securities have performed better during the later stages of economic recovery (although there is no guarantee that they will continue to do so). Therefore, growth securities may go in and out of favor over time.
Long Duration Investing Risk. DDXX seeks to invest in equity ETFs with a Defined Duration target of 20 years. Stocks with longer durations are more sensitive to changes in interest rates, which means that as interest rates rise, the present value of future cash flows decreases more significantly. This makes stocks with long durations riskier in a rising interest rate environment.
U.S. Government Securities Risk. DDV and DDX will invest in U.S. Treasury securities indirectly through U.S. Treasury bond ETFs. U.S. government securities are subject to market risk, interest rate risk and credit risk.
An investment in the Funds involves risk, including possible loss of principal. Exchange-traded funds (ETFs) trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF's net asset value (NAV), and are not individually redeemable directly with the ETF. Brokerage commissions and ETF expenses will reduce returns. ETFs are subject to specific risks, depending on the nature of the underlying strategy of the Fund, which should be considered carefully when making investment decisions. For a complete description of the Funds' principal investment risks, please refer to the prospectus.
Rebalancing and tax-efficient management strategies may not prevent losses in declining markets. Tax outcomes are not guaranteed, and investors may still receive taxable distributions. Results will vary depending on individual circumstances and market conditions. Investors should consult their own tax advisors regarding the tax consequences of an investment in the Funds.
Diversification and asset allocation strategies do not ensure a profit and cannot protect against losses in a declining market. Past performance does not guarantee future results.
Indexes are unmanaged, do not incur management fees, costs, and expenses, and cannot be invested in directly.
Shares of the Funds are not FDIC Insured, may lose value, and have no bank guarantee.
This information provided here is for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product.
Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. References to other funds should not be interpreted as an offer of these securities.
The Funds are distributed by PINE Distributors LLC. The Funds' investment adviser is Empowered Funds, LLC, which is doing business as ETF Architect. Orcam Financial Group, LLC (DBA Discipline Funds) serve as the Sub-advisers to the Funds. PINE Distributors LLC is not affiliated with ETF Architect or Orcam Financial Group, LLC (DBA Discipline Funds).Learn more about PINE Distributors LLC at FINRA's BrokerCheck.
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