DEFN
Emles Protective Allocation ETF

'No Data'
Category: Hedge Fund
Last Updated:
This ETF is no longer active. See active ETFs in the Hedge Fund ETF Database Category.

Vitals

Brand Emles
Structure ETF
Expense Ratio 0.55%
ETF Home Page Home page
Inception Nov 24, 2020

Analyst Report

The Analyst Report for DEFN is not available.

ETF Database Themes

Category Hedge Fund
Asset Class Multi-Asset
Region (General) North America
Region (Specific) U.S.

FactSet Classifications

Segment Asset Allocation: Global Target Outcome
Category Asset Allocation
Focus Target Outcome
Niche Capital Appreciation
Strategy Fundamental
Weighting Scheme Tiered

Trading Data

  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $23.22
  • 52 Week Hi $24.91
  • AUM $3.9 M
  • Shares 0.2 M

Historical Trading Data

  • 1 Month Avg. Volume 277
  • 3 Month Avg. Volume 2,615

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 ETF Database Hedge Fund Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest CPI 0.29% $6.3 M 728 3.87%
Largest (AUM) RYLD 0.60% $1.5 B 841,245 -0.84%
Most Liquid (Volume) RYLD 0.60% $1.5 B 841,245 -0.84%
Top YTD Performer PFIX 0.50% $234.5 M 159,277 34.74%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

DEFN ETF Database Category Average FactSet Segment Average
Number of Holdings 54 124 N/A
% of Assets in Top 10 26.60% 80.94% N/A
% of Assets in Top 15 36.33% 86.46% N/A
% of Assets in Top 50 94.88% 98.35% N/A

Size Comparison

DEFN ETF Database Category Average FactSet Segment Average
Large (>12.9B) N/A 4.90% N/A
Mid (>2.7B) N/A 0.87% N/A
Small (>600M) N/A 0.75% N/A
Micro (<600M) N/A 0.13% N/A

DEFN Valuation

This section compares the P/E ratio of this ETF to its peers.

DEFN
P/E Ratio
27.15
ETF Database Category Average
P/E Ratio
0.82
FactSet Segment Average
P/E Ratio
N/A

DEFN Dividend

This section compares the dividend yield of this ETF to its peers.

DEFN ETF Database Category Average FactSet Segment Average
Dividend $ 0.08 $ 0.42 N/A
Dividend Date 2021-10-25 N/A N/A
Annual Dividend Rate $ 0.39 $ 1.02 N/A
Annual Dividend Yield 1.58% 4.20% N/A

DEFN Price and Volume Charts

Chart data for DEFN is not available.

DEFN Fund Flows Charts

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 M

DEFN Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 20.82 K
1 Month Net AUM Change: 19.22 K
3 Month Net AUM Change: -3.76 M
6 Month Net AUM Change: -3.59 M
1 Year Net AUM Change: 1.17 M
3 Year Net AUM Change: 1.17 M
5 Year Net AUM Change: 1.17 M
10 Year Net AUM Change: 1.17 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 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.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity n/a RLY
Expenses C CPI
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

DEFN Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

DEFN
Expense Ratio
0.55%
ETF Database Category Average
Expense Ratio
0.78%
FactSet Segment Average
Expense Ratio
N/A

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Ordinary income
Distributes K1 No
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 peers. Returns over 1 year are annualized.

DEFN ETF Database
Category Average
Factset Segment
Average
1 Month Return 1.73% -0.15% 0.00%
3 Month Return -0.20% 1.55% 0.00%
YTD Return -0.08% 1.70% 0.00%
1 Year Return N/A 3.52% 0.00%
3 Year Return N/A 2.14% 0.00%
5 Year Return N/A 0.56% 0.00%

Geographic Exposure

The following charts reflect the geographic spread of DEFN's underlying holdings.

Holdings Analysis

The following charts reflect the allocation of DEFN's underlying holdings.

Asset Percentage
Corporate 48.06%
Share/Common/Ordinary 37.88%
Other 5.11%
Sovereign 4.59%
CASH 4.35%
Sector Percentage
Health Technology 14.21%
Technology Services 12.98%
Producer Manufacturing 10.06%
Consumer Non-Durables 9.15%
Electronic Technology 8.53%
Finance 8.13%
Retail Trade 7.3%
Consumer Services 6.79%
Other 5.11%
Government 4.59%
CASH 4.35%
Transportation 3.51%
Commercial Services 1.97%
Health Services 1.95%
Communications 1.36%
Market Cap Percentage
Small 0.0%
Large 0.0%
Micro 0.0%
Mid 0.0%
Region Percentage
Other 62.11%
North, Central and South America 37.88%
Region Percentage
Country Percentage
United States 88.53%
Other 9.46%
Ireland 2.0%
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 48.06%
Share/Common/Ordinary 37.88%
Other 5.11%
Sovereign 4.59%
CASH 4.35%

DEFN Technicals

Volatility Analysis

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

5 Day Volatility 6.35%
20 Day Volatility 5.30%
50 Day Volatility 5.35%
200 Day Volatility 5.47%
Beta 0.58
Standard Deviation N/A
5 Day Volatility
No Ranking Available
Rank
N/A

20 Day Volatility
No Ranking Available
Rank
N/A

50 Day Volatility
No Ranking Available
Rank
N/A

200 Day Volatility
No Ranking Available
Rank
N/A

Beta
No Ranking Available
Rank
N/A

Standard Deviation
No Ranking Available
Rank
N/A

Technicals

  • 20 Day MA $24.26
  • 60 Day MA $24.45
  • MACD 15 Period 0.36
  • MACD 100 Period 0.23
  • Williams % Range 10 Day n/a
  • Williams % Range 20 Day n/a
  • RSI 10 Day 73
  • RSI 20 Day 62
  • RSI 30 Day 58
  • Ultimate Oscillator 81

Bollinger Bands

  • Lower Bollinger (10 Day) $24.19
  • Upper Bollinger (10 Day) $24.63
  • Lower Bollinger (20 Day) $23.89
  • Upper Bollinger (20 Day) $24.62
  • Lower Bollinger (30 Day) $23.90
  • Upper Bollinger (30 Day) $24.58

Support & Resistance

  • Support Level 1 $24.65
  • Support Level 2 $24.61
  • Resistance Level 1 $24.69
  • Resistance Level 2 $24.71

Stochastic

  • Stochastic Oscillator %D (1 Day) 72.54
  • Stochastic Oscillator %D (5 Day) 93.83
  • Stochastic Oscillator %K (1 Day) 67.63
  • Stochastic Oscillator %K (5 Day) 88.95

Financial Advisor Report

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.

Fact Sheet

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

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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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.
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