Siren DIVCON Leaders Dividend ETF
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
16.4%
1 yr return
21.7%
3 Yr Avg Return
6.8%
5 Yr Avg Return
14.6%
Net Assets
$57.8 M
Holdings in Top 10
29.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.43%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 66.42%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 12/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
LEAD - Profile
Distributions
- YTD Total Return 16.4%
- 3 Yr Annualized Total Return 6.8%
- 5 Yr Annualized Total Return 14.6%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.81%
- Dividend Yield 0.9%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameSiren DIVCON Leaders Dividend ETF
-
Fund Family NameSRN Advisors
-
Inception DateJan 06, 2016
-
Shares Outstanding925000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerScott Freeze
Fund Description
The Fund seeks to track the performance, before fees and expenses, of the Index. The Index was developed by Reality Shares, Inc. (the “Index Provider”). The Index is designed to capitalize on the theory that, over time, companies that consistently grow their dividends tend to have investment returns above overall market returns (each a “Dividend Grower” or “High Quality Company”), and companies that do not grow (or cut) their dividends tend to have investment returns below overall market returns (each a “Dividend Cutter” or “Low Quality Company”). The Index is designed to select the companies that have the highest probability of increasing their dividend in a 12-month period, the High Quality Dividend Growers. These Dividend Growers (or High Quality Companies) are determined by the Index Provider’s DIVCON Dividend Health Scoring system, which is a proprietary, rules-based scoring and weighting methodology, and are chosen based on a ranking of each company as determined by its DIVCON Score and DIVCON Rating.
The DIVCON Dividend Health Scoring system begins by identifying the 500 largest U.S. companies based on market capitalization as of the Index reconstitution date and then narrows this universe to those companies that paid an ordinary dividend and announced a future dividend payment during the 12 months preceding such date. The DIVCON Dividend Health Scoring system analyzes seven quantitative factors that the Index Provider has determined to be correlated to a company’s likelihood to increase or decrease future dividends, and weights each factor based on its effectiveness in predicting dividend changes to produce a company’s DIVCON Score. After a DIVCON Score is calculated for each company, it is assigned a rating from 1 to 5 according to the DIVCON Rating system: DIVCON 1, DIVCON 2, DIVCON 3, DIVCON 4 and DIVCON 5. Companies in the DIVCON 1 category are those determined most likely to decrease their dividend in the next twelve months. Companies in the DIVCON 5 category are those determined most likely to increase their dividend in the next twelve months. All DIVCON 5 stocks or the 30 stocks with the highest DIVCON Scores, whichever is greater, are selected for inclusion in the Index. Therefore, the Index will
consist of at least 30 stocks. Companies are weighted in the index based on their DIVCON Scores, with higher DIVCON Scores weighted more heavily. The Index is reconstituted and rebalanced annually as of the first Friday in December, effective the next business day. As of March 31, 2024, the market capitalizations of the 500 largest U.S. companies included in the DIVCON Dividend Health Scoring system ranged from $4.1 billion to $3.1 trillion.
SRN Advisors, LLC (the “Adviser”), the Fund’s investment adviser, employs a passive indexing investment approach. Under normal circumstances, at least 80% of the Fund’s net assets, plus any borrowings for investment purposes, will be invested in component securities of the Index. This investment policy may be changed by the Fund upon 60 days’ prior written notice to shareholders. The Fund generally uses a “replication” strategy to achieve its investment objective, meaning that it will invest in all of the securities included in the Index. The Fund may, however, use a representative sampling approach to achieve its investment objective when the Adviser believes it is in the best interest of the Fund. For example, among other reasons, the Fund may use a representative sampling approach when there are practical difficulties or substantial costs involved in replicating the Index or when an Index constituent becomes temporarily illiquid, unavailable or less liquid. When the Fund uses a representative sampling approach, the Fund may invest in a subset, or “sample,” of the securities included in the Index and whose risk, return and performance characteristics generally match the risk, return and performance characteristics of the Index as a whole. The Fund may invest in swaps, futures, forwards, options, exchange traded funds (“ETFs”) and other securities that are not components of the Index that the Adviser believes will help the Fund track the Index.
The Fund seeks to remain fully invested at all times in securities and or financial instruments that, in combination, provide exposure to the Index without regard to market conditions, trends or direction.
To the extent the Index has significant exposure to a particular sector or is concentrated in a particular industry, the Fund will necessarily have significant exposure to that sector or be concentrated in that industry. As of the date of this prospectus, the Fund has significant exposure to the Technology and Industrials sectors, as each such sector is defined by the Bloomberg Industry Classification Standard. The sectors in which the Index components, and thus the Fund’s investments, may be focused will vary as the composition of the Index changes over time.
LEAD - Performance
Return Ranking - Trailing
Period | LEAD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 16.4% | -9.4% | 49.7% | 92.17% |
1 Yr | 21.7% | -2.0% | 62.3% | 91.91% |
3 Yr | 6.8%* | -5.6% | 17.4% | 81.77% |
5 Yr | 14.6%* | -0.5% | 110.8% | 46.69% |
10 Yr | N/A* | 1.6% | 52.7% | 80.89% |
* Annualized
Return Ranking - Calendar
Period | LEAD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 24.7% | -42.6% | 47.4% | 10.41% |
2022 | -19.2% | -56.3% | -4.2% | 26.21% |
2021 | 27.2% | -27.2% | 537.8% | 4.90% |
2020 | 22.2% | -22.5% | 2181.7% | 4.13% |
2019 | 31.8% | -13.5% | 40.4% | 3.87% |
Total Return Ranking - Trailing
Period | LEAD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 16.4% | -9.4% | 49.7% | 92.17% |
1 Yr | 21.7% | -2.0% | 62.3% | 91.91% |
3 Yr | 6.8%* | -5.6% | 17.4% | 81.77% |
5 Yr | 14.6%* | -0.5% | 110.8% | 46.69% |
10 Yr | N/A* | 1.6% | 52.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | LEAD Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 26.3% | -5.0% | 47.4% | 24.13% |
2022 | -18.2% | -36.8% | -2.2% | 50.25% |
2021 | 29.7% | 3.0% | 537.8% | 13.10% |
2020 | 23.4% | -15.8% | 2266.0% | 7.29% |
2019 | 33.7% | -0.4% | 241.3% | 7.19% |
LEAD - Holdings
Concentration Analysis
LEAD | Category Low | Category High | LEAD % Rank | |
---|---|---|---|---|
Net Assets | 57.8 M | 2.34 M | 1.55 T | 91.85% |
Number of Holdings | 59 | 2 | 3963 | 71.00% |
Net Assets in Top 10 | 17.4 M | 880 K | 525 B | 94.98% |
Weighting of Top 10 | 29.45% | 0.3% | 111.6% | 86.10% |
Top 10 Holdings
- Costco Wholesale Corp 4.42%
- Broadcom Inc 3.77%
- Monolithic Power Systems Inc 3.06%
- Cintas Corp 2.83%
- KLA Corp 2.77%
- Snap-on Inc 2.72%
- Hubbell Inc 2.71%
- WW Grainger Inc 2.55%
- Mastercard Inc 2.41%
- Martin Marietta Materials Inc 2.21%
Asset Allocation
Weighting | Return Low | Return High | LEAD % Rank | |
---|---|---|---|---|
Stocks | 99.91% | 0.00% | 105.79% | 6.10% |
Cash | 0.09% | 0.00% | 99.07% | 87.64% |
Preferred Stocks | 0.00% | 0.00% | 2.03% | 98.76% |
Other | 0.00% | -13.91% | 100.00% | 94.73% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 98.76% |
Bonds | 0.00% | 0.00% | 93.85% | 98.76% |
Stock Sector Breakdown
Weighting | Return Low | Return High | LEAD % Rank | |
---|---|---|---|---|
Technology | 26.06% | 0.00% | 48.94% | 21.64% |
Financial Services | 19.40% | 0.00% | 55.59% | 9.31% |
Industrials | 15.46% | 0.00% | 29.90% | 5.62% |
Consumer Cyclical | 12.00% | 0.00% | 30.33% | 18.37% |
Healthcare | 11.10% | 0.00% | 52.29% | 90.94% |
Consumer Defense | 6.16% | 0.00% | 47.71% | 70.64% |
Basic Materials | 5.78% | 0.00% | 25.70% | 8.22% |
Energy | 2.40% | 0.00% | 41.64% | 74.08% |
Communication Services | 1.64% | 0.00% | 27.94% | 95.13% |
Utilities | 0.00% | 0.00% | 20.91% | 99.75% |
Real Estate | 0.00% | 0.00% | 31.91% | 99.92% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | LEAD % Rank | |
---|---|---|---|---|
US | 99.91% | 0.00% | 105.79% | 5.60% |
Non US | 0.00% | 0.00% | 63.83% | 98.93% |
LEAD - Expenses
Operational Fees
LEAD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.43% | 0.01% | 19.75% | 77.94% |
Management Fee | 0.43% | 0.00% | 1.90% | 40.31% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
LEAD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
LEAD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
LEAD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 66.42% | 0.00% | 268.00% | 84.65% |
LEAD - Distributions
Dividend Yield Analysis
LEAD | Category Low | Category High | LEAD % Rank | |
---|---|---|---|---|
Dividend Yield | 0.87% | 0.00% | 25.47% | 59.37% |
Dividend Distribution Analysis
LEAD | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
LEAD | Category Low | Category High | LEAD % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.81% | -54.00% | 2.44% | 43.77% |
Capital Gain Distribution Analysis
LEAD | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 24, 2024 | $0.152 | OrdinaryDividend |
Jun 21, 2024 | $0.136 | OrdinaryDividend |
Mar 22, 2024 | $0.153 | OrdinaryDividend |
Dec 22, 2023 | $0.227 | OrdinaryDividend |
Sep 22, 2023 | $0.148 | OrdinaryDividend |
Jun 23, 2023 | $0.161 | OrdinaryDividend |
Mar 24, 2023 | $0.152 | OrdinaryDividend |
Dec 22, 2022 | $0.175 | OrdinaryDividend |
Sep 22, 2022 | $0.159 | OrdinaryDividend |
Jun 23, 2022 | $0.174 | OrdinaryDividend |
Mar 24, 2022 | $0.111 | OrdinaryDividend |
Dec 22, 2021 | $0.765 | OrdinaryDividend |
Sep 22, 2021 | $0.113 | OrdinaryDividend |
Jun 23, 2021 | $0.103 | OrdinaryDividend |
Mar 24, 2021 | $0.096 | OrdinaryDividend |
Dec 15, 2020 | $0.156 | OrdinaryDividend |
Sep 22, 2020 | $0.057 | OrdinaryDividend |
Jun 23, 2020 | $0.093 | OrdinaryDividend |
Mar 24, 2020 | $0.079 | OrdinaryDividend |
Dec 26, 2019 | $0.159 | OrdinaryDividend |
Sep 25, 2019 | $0.110 | OrdinaryDividend |
Jun 25, 2019 | $0.127 | OrdinaryDividend |
Mar 26, 2019 | $0.118 | OrdinaryDividend |
Dec 26, 2018 | $0.142 | OrdinaryDividend |
Dec 26, 2018 | $0.001 | CapitalGainShortTerm |
Sep 25, 2018 | $0.084 | OrdinaryDividend |
Jun 26, 2018 | $0.108 | OrdinaryDividend |
Mar 26, 2018 | $0.073 | OrdinaryDividend |
Dec 22, 2017 | $0.094 | OrdinaryDividend |
Dec 22, 2017 | $0.024 | CapitalGainShortTerm |
Sep 25, 2017 | $0.058 | OrdinaryDividend |
Jun 26, 2017 | $0.071 | OrdinaryDividend |
Mar 27, 2017 | $0.062 | OrdinaryDividend |
Dec 23, 2016 | $0.086 | OrdinaryDividend |
Sep 26, 2016 | $0.080 | OrdinaryDividend |
Jun 24, 2016 | $0.082 | OrdinaryDividend |
Mar 24, 2016 | $0.111 | OrdinaryDividend |
LEAD - Fund Manager Analysis
Managers
Scott Freeze
Start Date
Tenure
Tenure Rank
Nov 23, 2020
1.52
1.5%
Scott Freeze, President of SRN Advisors, LLC. Mr. Freeze has been involved with ETFs since entering the financial services industry in the 1990s. Mr. Freeze founded SRN Advisors, LLC in 2019. Prior to founding the SRN Advisors, LLC, he worked for The Vanguard Group as a Supervisor for Vanguard Brokerage Services before moving to Croix Securities in 2002 to develop an automated trading platform. Mr. Freeze worked at Knight Capital from 2003 to 2005 on the program/ETF desk and Miller Tabak from 2005 to 2008. Mr. Freeze founded Street One Financial in September 2009 to service institutional advisers with their ETF executions.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.27 | 2.42 |