The Emles Protective Allocation ETF (DEFN) seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Emles Protective Allocation Index, an index that seeks to provide exposure to securities that can preserve capital and protect portfolios through a longer and more persistent economic downturn.

Performance summary of Q4 2020

Since the Fund’s inception on November 24, 2020, the Emles Protective Allocation ETF (DEFN) gained 0.38% as of December 31, 2020. This return compares unfavorably to S&P 500 Index and Barclays US Aggregate Bond Index returns over the same time period as U.S. equities finished a volatile year on a high note and fixed income markets were propped up by fiscal stimulus.

Quarter in review

Looking ahead

Full performance and holdings information can be found here.