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.
This section compares how balanced and deep this ETF is relative to its peers.
| DEFN | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 54 | 73 | 78 |
| % of Assets in Top 10 | 27.57% | 79.67% | 69.09% |
| % of Assets in Top 15 | 37.22% | 84.18% | 74.21% |
| % of Assets in Top 50 | 94.98% | 95.53% | 87.21% |
| DEFN | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | N/A | 17.37% | 3.00% |
| Mid (>2.7B) | N/A | 3.94% | 2.22% |
| Small (>600M) | N/A | 1.57% | 3.69% |
| Micro (<600M) | N/A | 0.19% | 1.25% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| DEFN | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.15 | $ 0.47 | $ 0.12 |
| Dividend Date | 2021-09-21 | N/A | N/A |
| Annual Dividend Rate | $ 0.32 | $ 0.69 | $ 0.51 |
| Annual Dividend Yield | 1.29% | 2.26% | 1.79% |
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: -3.73 M 6 Month Net Flows: -3.73 M 1 Year Net Flows: 1.26 M 3 Year Net Flows: 1.26 M 5 Year Net Flows: 1.26 M 10 Year Net Flows: 1.26 MView charts that break down the influence that fund flows and price had on overall assets.
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 ETF Database Pro members, shows the ETF in the Hedge Fund 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Ordinary income |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers.
| DEFN |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | -0.11% | 1.48% | 0.59% |
| 3 Month Return | -1.05% | 2.16% | 1.27% |
| YTD Return | -1.41% | 10.00% | 7.11% |
| 1 Year Return | N/A | 15.27% | 12.62% |
| 3 Year Return | N/A | 11.19% | 10.04% |
| 5 Year Return | N/A | 19.22% | 8.25% |
The following charts reflect the geographic spread of DEFN's underlying holdings.
The following charts reflect the allocation of DEFN's underlying holdings.
| Asset | Percentage |
|---|---|
| Corporate | 47.71% |
| Share/Common/Ordinary | 37.19% |
| Sovereign | 5.85% |
| Other | 5.0% |
| CASH | 4.26% |
| Sector | Percentage |
|---|---|
| Health Technology | 14.01% |
| Technology Services | 12.96% |
| Producer Manufacturing | 9.99% |
| Consumer Non-Durables | 9.07% |
| Electronic Technology | 8.4% |
| Finance | 7.97% |
| Retail Trade | 7.13% |
| Consumer Services | 6.75% |
| Government | 5.85% |
| Other | 5.0% |
| CASH | 4.26% |
| Transportation | 3.38% |
| Commercial Services | 1.96% |
| Health Services | 1.94% |
| Communications | 1.34% |
| Market Cap | Percentage |
|---|---|
| Large | 0.0% |
| Micro | 0.0% |
| Mid | 0.0% |
| Small | 0.0% |
| Region | Percentage |
|---|---|
| Other | 62.82% |
| North, Central and South America | 37.19% |
| Region | Percentage |
|---|
| Country | Percentage |
|---|---|
| United States | 88.83% |
| Other | 9.26% |
| Ireland | 1.92% |
| Credit | Percentage |
|---|---|
| AAA | 0.0% |
| AA | 0.0% |
| A | 0.0% |
| BBB | 0.0% |
| BB | 0.0% |
| B | 0.0% |
| Below B | 0.0% |
| Not Rated | 0.0% |
| 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% |
| 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% |
| Asset | Percentage |
|---|---|
| Corporate | 47.71% |
| Share/Common/Ordinary | 37.19% |
| Sovereign | 5.85% |
| Other | 5.0% |
| CASH | 4.26% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
A fact sheet is not available for this ETF. Please visit the DEFN ETF home page for more information.
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