Siren DIVCON Dividend Defender ETF
DFND
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Jan 20, 2016
- CIK
- 0001796383
- Similar Companies
- Business
- Siren DIVCON Dividend Defender ETF (DFND) is an exchange-traded fund that seeks long-term capital appreciation by tracking the performance, before fees and expenses, of the Siren DIVCON Dividend Defender Index. The fund employs a long/short equity strategy, investing approximately 75% long in large-cap U.S. companies with the highest probability of increasing their dividends over the next 12 months, based on the proprietary DIVCON forward-looking dividend rating system evaluating seven key quantitative factors; and 25% short in companies with the highest probability of cutting dividends, focusing on dividend-paying stocks across diversified sectors within the S&P 500 universe. It offers exposure to growth and value stocks of large-cap issuers in developed North American markets, with an expense ratio of 1.75% and assets under management around $9 million. Launched on January 14, 2016, DFND is issued by Siren ETF Trust and managed by SRN Advisors, LLC, headquartered in Huntingdon Valley, Pennsylvania. The fund utilizes full replication to mirror the benchmark index and is distributed through Foreside Financial Services, LLC. In a significant recent development announced on December 5, 2025, SRN Advisors, LLC revealed that DFND will reorganize into and with the Siren DIVCON Leaders Dividend ETF (LEAD), another index-based ETF managed by SRN; the board-approved transaction, not requiring shareholder approval, is expected to close on or about December 15, 2025, subject to customary conditions, with DFND shareholders receiving LEAD shares of equivalent net asset value in a tax-free exchange for most investors. This reorganization represents a major strategic shift to consolidate operations under the DIVCON Leaders Dividend Index, which targets the highest-probability dividend increasers among the 500 largest U.S. companies by market capitalization. No other major partnerships, acquisitions, funding rounds, or product launches have been reported in the past 1-2 years.