DFND

Reality Shares DIVCON Dividend Defender ETF
N/A

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

DFND Fund Description

The Reality Shares DIVCON Dividend Defender ETF tracks an index of dividend-paying US large-cap stocks that are likely to increase dividends, while shorting those that are unlikely to do so. At rebalance, the fund is 75% long, 25% short.

DFND Factset Analytics Insight

DFND holds US large-cap stocks with rising dividends, while shorting those without. The issuer uses a proprietary model to score the 500 largest US firms on their likelihood of increasing dividends in the next year. Holdings for both the long and short portfolios are selected and weighted by this score, known as the DIVCON dividend health score. The DIVCON score is rules-based, but the metrics are not disclosed. Note that stocks with high DIVCON scores are expected to raise their dividends, but aren't necessarily high dividend payers.
Unlike many long/short ETFs, DFND does not leverage its long portfolio against its short positions. This means the fund will experience only half the market risk—and return—of a plain-vanilla large-cap fund. DFND is part of a DIVCON-based suite of ETFs, including siblings LEAD (long only) and GARD (variable long/short exposure). The fund charges a steep fee for the competitive US large-cap space, though it’s not quite as bad as at looks—DFND is required to report short interest expense and dividend payments on its short positions as part of its expense ratio. Unfortunately, the fund hasn’t seen much investor interest and is very difficult to trade.

DFND MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of December 12, 2017 the Reality Shares DIVCON Dividend Defender ETF MSCI ESG Fund Quality Score is 5.44 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. DFND ranks in the 77th percentile within its peer group and in the 51st percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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DFND Top 10 Countries

DFND Top 10 Sectors

DFND Top 10 Holdings View All

DFND Summary Data

01/14/16
Open-Ended Fund
1.55%
$4.05M
$44.22K
0.42%

DFND Portfolio Data

$58.34B
22.75
4.97
0.00%
09/25/17
49

DFND Index Data

Proprietary
Proprietary
MSCI USA Large Cap

Related ETFs to DFND

SPHD, GSLC, FEX, JKD, CSM
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

DFND Portfolio Management

1.55%
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DFND Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

DFND Fund Structure

Open-Ended Fund
No
No
No Policy
N/A
N/A
High
Daily
Bats Book Viewer
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LAST 10 TRADES
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Bats BZX Real-time Quote - 18:42:49
Daily Spread
Premium/Discount
Volume

DFND Factset Analytics Block Liquidity

As of 12/13/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DFND. DFND is rated a 4 out of 5.

DFND Tradability

1,372
$44.22K
301
$17.89K
0.42%
$0.11
0.05%
1.43% / -2.22%
None
100.00%
25,000
0.01
0.07%
0.01%
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$27.06
4

DFND Sector/Industry BreakdownView All

DFNDSegment Benchmark
9.29% 27.72%
25.78% 20.14%
8.84% 19.27%
12.09% 15.56%
14.00% 13.17%
16.43% 2.09%
1.54% 2.05%

DFND Geographic Exposure

DFNDSegment Benchmark
99.94% 98.29%
-- 1.71%
0.06% --

DFNDSegment Benchmark
99.94% 100.00%
0.06% --
0.00% / 0.00% 0.00% / 0.00%

DFND Performance Statistics

0.41
0.49
0.50
0.52
0.33%
MSCI USA Large Cap

DFND MSCI ESG Ratings

5.44 / 10
77.19
50.99
3.18%
4.11%
77.23

DFND BENCHMARK COMPARISON

    DFND
    49 Holdings
    Segment Benchmark
    302 Constituents
    Shared Holdings
    29 (Count)
     
    11.35% (Weight)
DFNDSegment Benchmark
207.57 B 58.34 B
99.71% 77.09%
0.29% 22.91%
0.00% 0.00%
0.00% 0.00%
1.90% 1.50%