Siren DIVCON Dividend Defender ETF (DFND)

Overview

Siren DIVCON Dividend Defender ETF (DFND) Fund seeks long-term capital appreciation by tracking the performance, before fees and expenses, of the Siren DIVCON Dividend Defender Index.

Daily Facts As of

Net Assets

NAV

NAV Change

Closing Price

About DFND

The Siren DIVCON Dividend Defender ETF features a long/short equity portfolio that seeks more stable returns than a long-only equity portfolio. The Fund uses DIVCON, a forward-looking dividend rating system evaluating large-cap company health indicators based on seven key factors, with a 75% long investment in companies most likely to increase dividends and a 25% short in the firms most likely to cut their dividends, as indicated by DIVCON.

More About DFND

The Fund’s investment objective is to seek long-term capital appreciation by tracking the performance, before fees and expenses, of the Siren DIVCON Dividend Defender Index.

Key Features

Has the potential to provide more stable overall returns, with lower volatility and correlation
By short-selling low-quality companies, the Fund may provide more stable results in periods of heightened market volatility

About the Portfolio Manager

Scott Freeze acts as both the Portfolio Manager and Chief Investment officer for DFND.

Performance History As of

	Fund NAV	Closing Price	DIVCON Dividend Defender Index	S&P 500 TR
1 Month
3 Months
6 Months
YTD
1 Year
3 Year
5 Year
Since Inception

Performance “1 Year” and less are cumulative; performance over “1 Year” are average annualized total returns.

Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized Return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Top Ten Holdings As of

Holdings are subject to change. Cash, where shown, includes other assets and liabilities, such as payables and receivables.

Fund Details As of

Key Facts

Ticker	DFND
Inception Date	1/14/16
CUSIP	829658400
ISIN	US8296584001
Bloomberg Index Ticker	RSDFND
Primary Exchange	Cboe BZX

Stats & Fees

Net Assets
NAV
Shares Outstanding
Gross Expenses*	1.61%
Management Fee*	0.85%
Short Dividend and Interest Expenses*	0.76%
Net Expenses (after waivers)*	1.50%
Median 30 Day Spread %	%
Premium/Discount	%
* Please refer to the Fund’s prospectus for a description of the Fund’s fees and expenses. Fee waivers are contractual and in effect until November 23, 2022.

Fund Documents

Fund Research

Hedging against market volatility? Try a long/short ETF

“The companies we identify can be put into a portfolio designed to give Retail and Institutional investors key, focused opportunities, with the continued goal of lower costs than the peer universe.”

About

Our Location

Shares of the Funds are bought and sold at market price (not NAV) throughout the day on the New York Stock Exchange. There can be no assurance that an active trading market for shares of a fund will develop or be maintained. Transactions in shares of ETFs will result in Brokerage commissions and will generate tax consequences.

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus and summary prospectus. Please read the prospectus and summary prospectus carefully before you invest. This and other information can be found in the fund’s prospectus. To obtain a fund summary prospectus, if available, or prospectus, call PHONE # or download and review the prospectus. An investment in the Funds is subject to risk, including the possible loss of principal amount invested. The risks associated with each Fund include the risks associated with the underlying ETFs, which can result in higher volatility, and are detailed in each Fund’s prospectus and on each Fund’s webpage.

There is no guarantee that investment objectives will be achieved.

Shares of the Funds are bought and sold at market price (not NAV) throughout the day on the NASDAQ. There can be no assurance that an active trading market for shares of a fund will develop or be maintained. Transactions in shares of ETFs will result in Brokerage commissions and will generate tax consequences. Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus and summary prospectus. Please read the prospectus and summary prospectus carefully before you invest. This and other information can be found in the fund’s prospectus. To obtain a fund summary prospectus, if available, or prospectus, call 855-713-3837 or download and review the prospectus. An investment in the Funds is subject to risk, including the possible loss of principal amount invested. The risks associated with each Fund include the risks associated with the underlying ETFs, which can result in higher volatility, and are detailed in each Fund’s prospectus and on each Fund’s webpage. There is no guarantee that investment objectives will be achieved.