DFND

Reality Shares DIVCON Dividend Defender ETF
N/A

42
*Unless otherwise stated, data provided by FactSet.

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 September 19, 2018 the Reality Shares DIVCON Dividend Defender ETF MSCI ESG Fund Quality Score is 5.95 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 90th percentile within its peer group and in the 66th percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

DFND CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 09/19/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
DFND 2.41% 1.80% 4.61% 10.73% -- -- --
DFND (NAV) 2.66% 2.74% 5.53% 11.28% -- -- --
MSCI USA Large Cap Index 2.20% 5.92% 10.69% 18.43% 16.70% 13.58% 11.09%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

DFND Top 10 Countries

DFND Top 10 Sectors

DFND Top 10 Holdings [View All]

DFND Summary Data

01/14/16
Open-Ended Fund
1.38%
$6.41M
$53.85K
0.17%

DFND Portfolio Data

$82.08B
25.15
5.82
0.18%
09/25/17
54

DFND Index Data

Proprietary
Proprietary
MSCI USA Large Cap Index

DFND Portfolio Management

1.38%
--
--
--

DFND Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

DFND Fund Structure

Open-Ended Fund
No
No
No Policy
N/A
N/A
High
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

DFND Factset Analytics Block Liquidity

As of 09/20/18
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

1,711
$53.85K
500
$21.28K
0.17%
$0.05
0.08%
2.25% / -2.27%
None
100.00%
25,000
0.02
0.07%
0.01%
--
$28.51
4

DFND Sector/Industry Breakdown


DFND
Segment Benchmark
33.22%
27.22%
16.50%
9.11%
14.73%
12.21%
11.47%
14.06%
10.62%
15.62%
9.03%
7.74%
5.52%
1.33%

DFND TOP 10 HOLDINGS[View All]

25.27%
7.02%
4.51%
3.04%
2.93%
2.71%
2.67%
53.98%

DFND Countries


DFND
Segment Benchmark
101.09%
100.00%

DFND Regions


DFND
Segment Benchmark
101.09%
100.00%

DFND Economic Development


DFND
Segment Benchmark
100.00%
100.00%

DFND Performance Statistics

0.71
0.51
0.48
0.51
0.44%
MSCI USA Large Cap Index

DFND MSCI ESG Ratings

5.95 / 10
89.61
65.96
5.05%
3.36%
100.49

DFND BENCHMARK COMPARISON HOLDINGS

54
299
34
15.26%

DFND BENCHMARK COMPARISON SUMMARY


DFND
Segment Benchmark
54
299
$82.08B
$251.63B
25.15
23.59
5.82
3.50
1.52%
1.84%
--
--

DFND BENCHMARK COMPARISON MARKET CAP SIZE


DFND
Segment Benchmark
78.82%
99.85%
21.18%
0.15%
0.00%
0.00%
0.00%
0.00%