DEFN

Emles Protective Allocation ETF
*Unless otherwise stated, data provided by FactSet.

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.

PERFORMANCE [as of 01/25/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DEFN 0% 1.06% 0% -1.01% -- -- --
DEFN (NAV) 2.16% -1.44% -1.83% -- -- -- --
N/A -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DEFN Summary Data

Emles
11/24/20
Open-Ended Fund
0.55%
$3.94M
0.31%

DEFN Portfolio Data

--
10/26/21

DEFN Index Data

N/A
Tiered
Fundamental
N/A

DEFN Fund Structure

No
No
-- / --
N/A
N/A
Closing
N/A
N/A

DEFN Tax Exposures

20.00% / 39.60%
--
No

DEFN Factset Analytics Block Liquidity

As of 01/27/22
5
4
3
2
1

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.

DEFN Tradability

1,727
$13.94K
20
0
0.31%
$0.08
0.08%
0.76% / -0.91%
Full
100.00%
50,000
0.00
0.02%
--
0
$24.61
N/A