DFND

Fund Description
The Reality Shares DIVCON Dividend Defender ETF features a hedged (long/short) equity portfolio that may provide more stable returns than a long-only equity portfolio. The Fund invests 75% of its portfolio market value in the large-cap U.S. companies with the highest probability of increasing their dividends within a year, based on their DIVCON dividend health scores. The remaining 25% of the portfolio market value is used to short the large-cap U.S. companies with the highest probability of cutting their dividends within a year. The Fund s Benchmark Index is designed to capitalize on the theory that, over time, companies that consistently grow their dividends tend to have investment returns above the overall market and companies that cut their dividends tend to have investment returns below the overall market. The Benchmark Index is designed to select the companies for a long position that have the highest probability of increasing their dividend in a 12-month period and select the companies for a short position that have the highest probability of decreasing their dividend in a 12-month period. These probabilities are determined by Reality Shares DIVCON Scoring system, which is a proprietary, rules-based scoring and weighting methodology, and are expressed as a DIVCON Score and DIVCON Rating for each company.
Fund Profile
Fund Name Reality Shares DIVCON Dividend Defender ETF
Fund Exchange Ticker DFND
Fund Sponsor Reality Shares
Fund ISIN US75605A5048
Net Expense Ratio 1.38 %
Fund Inception Date 14 January 2016
Fund Legal Structure ETF (Open end fund)
Exchange BATS
Listing Country Code US
Fund Investment Objective
ETF Type Specific US Equities - Dividend & Fundamental
Asset Class Equities (Stocks)
Index Linked Passive
Index Name Reality Shares DIVCON Dividend Defender Index
Index Provider Reality Shares
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Large Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 21 June 2019
Asset Under Management 5.17 Million (USD)
1 Month Total Return 1.47 %
Year To Date Return 10.98 %
1 Year Total Return 6.02 %
3 Year Annualized Total Return 9.22 %
NAV 29.5597
Share Outstanding 175,000
Top 10 Holdings (21 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
Cash CASH 0.44946673
MSCI INC MSCI EQUI 0.01756680
CINTAS CORP CTAS EQUI 0.01581325
MASTERCARD INC - A MA EQUI 0.01559394
S&P GLOBAL INC SPGI EQUI 0.01556283
ROSS STORES INC ROST EQUI 0.01547521
LAM RESEARCH CORP LRCX EQUI 0.01517956
BROADRIDGE FINANCIAL SOLUTIO BR EQUI 0.01517943
Visa Inc V EQUI 0.01498775
FACTSET RESEARCH SYSTEMS INC FDS EQUI 0.01452155