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DEFN
Emles Protective Allocation ETF

Price: $23.98
Change: $0.09 (0.0%)
Category: Corporate Bonds
Last Updated:

Vitals

Investment Themes

Analyst Report

Pending

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $23.51
  • 52 Week Hi $25.05
  • AUM $7.4 M
  • Shares 0.3 M

Historical Trading Data

  • 1 Month Avg. Volume 2,965
  • 3 Month Avg. Volume 2,803

Description

DEFN tracks the Emles Protective Allocation Index to provide investors with competitive returns in benign market environments while protecting portfolios in periods of extreme market stress.

The index allocates approximately 55% of its exposure to US corporate credit securities, 35% to US-listed equities, including American Depository Receipts (ADRs), and the remaining 10% to a mix of put options, commodity futures, and Treasury Inflation-Protected Securities.

Eligible companies must have a minimum market capitalization of $50 billion and at least a BBB+ rating by S&P for long-term USD-denominated debt, although firms with no corporate debt or unrated debt may still be included. Corporate credit securities will only be included if a minimum of three years remain to final maturity.

Corporate credit and equity securities are selected using a proprietary scoring methodology that considers balance sheet health, earnings cadence, debt paydown ability, and other relevant factors.

Alternative ETFs in the Corporate Bonds Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VCIT 0.05% $42.9 B 4 M -3.28%
Largest (AUM) VCIT 0.05% $42.9 B 4 M -3.28%
Most Liquid (Volume) LQD 0.14% $39.7 B 16 M -4.75%
Top YTD Performer IGBH 0.16% $702.4 M 81,576 2.91%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

20
Number of Holdings
64.72%
% Assets in Top 10
88.89%
% Assets in Top 15
100.01%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
20
Rank
81 of 84
Low
IGBH (3)
High
USIG (7915)
% Assets in Top 10
64.72%
Rank
81 of 84
Low
VCSH (2.24%)
High
IGBH (100.00%)
% Assets in Top 15
88.89%
Rank
4 of 84
Low
USIG (2.84%)
High
IGBH (100.00%)
% Assets in Top 50
100.01%
Rank
2 of 84
Low
USIG (5.26%)
High
FLUD (100.01%)

 
View Summary Analysis
 

Sector Breakdown

Asset Percentage
Corporate 52.3%
Share/Common/Ordinary 38.44%
CASH 6.42%
Sovereign 2.69%
Other 0.16%
Bond Sector Percentage
Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 0.0%
3-5 Years 0.0%
5-7 Years 0.0%
7-10 Years 0.0%
10-15 Years 0.0%
15-20 Years 0.0%
20-30 Years 0.0%
30+ Years 0.0%
 
View Less Charts
 
Asset Percentage
Corporate 52.3%
Share/Common/Ordinary 38.44%
CASH 6.42%
Sovereign 2.69%
Other 0.16%
 
View More Charts
 

DEFN Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
24.51
Rank
1 of 2
Low
DEFN (24.51)
High
PICB (59.99)

DEFN Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.07
Dividend Date
2021-03-23
Annual Dividend Rate
$0.09

$0.07
Dividend
2021-03-23
Dividend Date
$0.09
Annual Dividend Rate
Annual Dividend Yield
0.38%
Rank
82 of 84
Low
QCON (0.09%)
High
LKOR (7.04%)

DEFN Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 1.23 M 6 Month Net Flows: 4.98 M 1 Year Net Flows: 4.98 M 3 Year Net Flows: 4.98 M 5 Year Net Flows: 4.98 M 10 Year Net Flows: 4.98 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for DEFN on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Corporate Bonds with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a n/a
Expenses n/a n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

DEFN Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.536%
ETF Wtd. Average
0.19%
Category Average
0.17%
Expense Ratio
0.55%
Rank
84 of 84
Low
VCSH (0.05%)
High
DEFN (0.55%)
ESG Themes and Scores

DEFN does not have an ESG score. There are no ESG themes that map to this ETF.

DEFN Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

0.89%
1 Week Return
1.16%
4 Week Return
-2.77%
13 Week Return
No Ranking Available
26 Week Return
-4.11%
Year to Date Return
No Ranking Available
1 Year Return
No Ranking Available
3 Year Return
No Ranking Available
5 Year Return
 
View Detailed Analysis
 
1 Week Return
0.89%
Rank
2 of 79
Low
IGBH (-0.46%)
High
QCON (1.94%)
4 Week Return
1.16%
Rank
27 of 83
Low
IBND (-0.45%)
High
LKOR (3.26%)
13 Week Return
-2.77%
Rank
66 of 81
Low
VCLT (-4.50%)
High
IGBH (3.59%)
26 Week Return
No Ranking Available
Rank
N/A
Low
SPLB (-3.05%)
High
IGBH (9.92%)
Year to Date Return
-4.11%
Rank
68 of 82
Low
SPLB (-7.21%)
High
IGBH (2.91%)
1 Year Return
No Ranking Available
Rank
N/A
Low
QLTA (-0.21%)
High
IGBH (17.09%)
3 Year Return
No Ranking Available
Rank
N/A
Low
ESCR (-1.22%)
High
LKOR (29.63%)
5 Year Return
No Ranking Available
Rank
N/A
Low
ESCR (4.68%)
High
VCLT (37.23%)

 
View Summary Analysis
 

DEFN Price and Volume Chart

DEFN Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
6.44%
Rank
76 of 84
Low
FLUD (0.65%)
High
VCLT (180.48%)
20 Day Volatility
5.00%
Rank
32 of 84
Low
GSY (0.21%)
High
QCON (18.75%)
50 Day Volatility
6.79%
Rank
17 of 83
Low
GSY (0.28%)
High
SPLB (13.15%)
200 Day Volatility
No Ranking Available
Rank
N/A
Low
GSY (0.30%)
High
SPLB (11.03%)
Beta
-0.49
Rank
83 of 83
Low
DEFN (-0.49)
High
IGBH (0.46)
Standard Deviation
No Ranking Available
Rank
N/A
Low
BSCL (0.08%)
High
VCLT (3.69%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $23.75
  • 60 Day MA $24.17
  • MACD 15 Period 0.20
  • MACD 100 Period n/a
  • Williams % Range 10 Day n/a
  • Williams % Range 20 Day n/a
  • RSI 10 Day 62
  • RSI 20 Day 51
  • RSI 30 Day 47
  • Ultimate Oscillator 59

Bollinger Brands

  • Lower Bollinger (10 Day) $23.71
  • Upper Bollinger (10 Day) $23.97
  • Lower Bollinger (20 Day) $23.53
  • Upper Bollinger (20 Day) $23.97
  • Lower Bollinger (30 Day) $23.52
  • Upper Bollinger (30 Day) $23.99

Support & Resistance

  • Support Level 1 $23.98
  • Support Level 2 $23.98
  • Resistance Level 1 $23.98
  • Resistance Level 2 $23.98

Stochastic

  • Stochastic Oscillator %D (1 Day) 38.99
  • Stochastic Oscillator %D (5 Day) 81.23
  • Stochastic Oscillator %K (1 Day) 29.98
  • Stochastic Oscillator %K (5 Day) 69.05

Fact Sheet

A fact sheet is not available for this ETF. Please visit the DEFN ETF home page for more information.

Disclosures

Copyright © 2021 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
© 2021 Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please see disclaimer.
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