DEFNEmles Protective Allocation ETF
DEFN Fund Description
DEFN tracks an index comprised of equities, fixed income securities and alternative assets with 35/55/10 allocation, respectively. Securities are fundamentally-selected and weighted in tier.
DEFN Factset Analytics Insight
This fund is liquidating. The last day of trading will be October 28, 2021. DEFN allocates its investment across assets in seeking to preserve capital through market downturn. The fund’s initial universe is composed of securities that meet certain criteria such as minimum size and liquidity requirements for equities, and a minimum of 3-year maturity and BBB+ rating for debts. Securities are allocated 35/55 to equity and fixed income, respectively, while the remaining exposure is spread across put options, commodity futures and TIPs as part of the protective and defensive component of the index. Using a proprietary scoring methodology, debt and equity holdings are further refined to consider company’s balance sheet health, earnings cadence, debt paydown ability and other relevant fundamental factors. Selected securities are equally weighted within their respective asset class. The index is rebalanced quarterly, and a special rebalance during certain circumstances like merger of two or more constituents.
DEFN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DEFN. DEFN is rated a N/A out of 5.