DFND was created on 2016-01-14 by Siren. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 8.9m in AUM and 61 holdings. DFND 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.