# Portfolio overlap — DFND vs QUAL

Comparing **Siren DIVCON Dividend Defender ETF** (2025-09-30) and **iShares MSCI USA Quality Factor ETF** (2026-01-31).

- Shared positions: 31
- Siren DIVCON Dividend Defender ETF covered by iShares MSCI USA Quality Factor ETF: 0.2699450228538705265689067263
- iShares MSCI USA Quality Factor ETF covered by Siren DIVCON Dividend Defender ETF: 0.2699450228538705265689067263

## Siren DIVCON Dividend Defender ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| FRST AM-GV OB-X | 0.114426 |  |
| KLA CORP | 0.035659 | ✓ |
| NVIDIA CORP | 0.032389 | ✓ |
| QUANTA SVCS INC | 0.030498 |  |
| MICROSOFT CORP | 0.028627 | ✓ |
| ECOLAB INC | 0.027778 |  |
| RESMED INC | 0.027625 | ✓ |
| GARMIN LTD | 0.027444 |  |
| TRAVELERS COS IN | 0.026350 | ✓ |
| INTUIT INC | 0.026072 |  |
| EXPEDITORS INTL OF WASH INC | 0.025421 | ✓ |
| AMPHENOL CORPORATION CL A | 0.025054 |  |
| VISA INC-CLASS A | 0.024983 | ✓ |
| PULTEGROUP INC | 0.023518 | ✓ |
| S&P GLOBAL INC | 0.023314 | ✓ |
| CHUBB LTD | 0.022938 |  |
| THERMO FISHER SCIENTIFIC INC | 0.022588 |  |
| LILLY ELI and CO | 0.022335 | ✓ |
| MSCI INC | 0.022011 |  |
| COSTCO WHOLESALE CORP | 0.021317 | ✓ |
| SBA COMMUNICATIONS CORP | 0.021195 |  |
| DOVER CORP | 0.020713 |  |
| ZOETIS INC CL A | 0.020667 | ✓ |
| VERISK ANALYTICS INC | 0.020440 |  |
| SHERWIN WILLIAMS CO | 0.019670 | ✓ |
| MOODYS CORP | 0.018630 | ✓ |
| WW GRAINGER INC | 0.018630 | ✓ |
| TEXAS PACIFIC LAND CORP | 0.018061 | ✓ |
| GLOBE LIFE INC | 0.017648 |  |
| LAM RESEARCH CORP | 0.016158 | ✓ |
| EATON CORP PLC | 0.014901 |  |
| WALMART INC | 0.014325 | ✓ |
| TE CONNECTIVITY PLC | 0.013976 |  |
| MASTERCARD INC CL A | 0.013973 | ✓ |
| ILLINOIS TOOL WORKS INC | 0.013665 | ✓ |
| JACOBS SOLUTIONS INC | 0.012746 |  |
| ERIE INDEMNITY CO CL A | 0.012733 | ✓ |
| PENTAIR PLC | 0.012210 |  |
| COGNIZANT TECH SOLUTIONS CL A | 0.009837 |  |
| OLD DOMINION FRT | 0.009683 | ✓ |
| QUALCOMM INC | 0.008786 | ✓ |
| MERCK & CO | 0.008737 | ✓ |
| HARTFORD INSURANCE GROUP INC/THE | 0.008069 | ✓ |
| FOX CORP CL A | 0.007616 |  |
| NIKE INC CL B | 0.007173 | ✓ |
| DR HORTON INC | 0.005048 | ✓ |
| KIMBERLY CLARK CORP | 0.004403 |  |
| FASTENAL CO | 0.004186 | ✓ |
| CHURCH & DWIGHT | 0.002816 |  |
| AGILENT TECHNOLOGIES INC | 0.002443 |  |

## iShares MSCI USA Quality Factor ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| NVIDIA CORP | 0.063437 | ✓ |
| APPLE INC | 0.061033 | ✓ |
| MICROSOFT CORP | 0.054149 | ✓ |
| META PLATFORMS INC CL A | 0.041660 |  |
| LILLY ELI and CO | 0.032963 | ✓ |
| TJX COS INC | 0.031033 |  |
| VISA INC-CLASS A | 0.030635 | ✓ |
| LAM RESEARCH CORP | 0.029719 | ✓ |
| MASTERCARD INC CL A | 0.025050 | ✓ |
| KLA CORP | 0.023130 | ✓ |
| ALPHABET INC CL A | 0.022632 |  |
| BERKSHIRE HATH-B | 0.021823 |  |
| APPLIED MATERIALS INC | 0.020346 | ✓ |
| JOHNSON&JOHNSON | 0.019337 |  |
| ALPHABET INC CL C | 0.019044 |  |
| CATERPILLAR INC | 0.018918 |  |
| NETFLIX INC | 0.018101 |  |
| ADOBE INC | 0.014419 |  |
| SLB LTD | 0.013513 |  |
| NIKE INC CL B | 0.013186 | ✓ |
| ACCENTURE PLC-A | 0.012430 |  |
| ARISTA NETWORKS INC | 0.012411 |  |
| COSTCO WHOLESALE CORP | 0.012367 | ✓ |
| QUALCOMM INC | 0.012152 | ✓ |
| CHIPOTLE MEXICAN GRILL INC | 0.011847 |  |
| WALMART INC | 0.011320 | ✓ |
| MERCK & CO | 0.011087 | ✓ |
| LOCKHEED MARTIN CORP | 0.010956 |  |
| ATMOS ENERGY CORP | 0.010750 |  |
| AUTOMATIC DATA PROCESSING INC | 0.010433 |  |
| PROCTER & GAMBLE | 0.009768 |  |
| LINDE PLC | 0.008137 |  |
| UNITEDHEALTH GRP | 0.008082 |  |
| ILLINOIS TOOL WORKS INC | 0.007980 | ✓ |
| OKLO INC | 0.007887 |  |
| DR HORTON INC | 0.007447 | ✓ |
| FORTINET INC | 0.007412 |  |
| TRANE TECHNOLOGI | 0.007214 |  |
| COCA-COLA CO/THE | 0.007213 |  |
| APPLOVIN CORP | 0.007188 |  |
| GARMIN LTD | 0.007151 |  |
| WILLIAMS-SONOMA INC | 0.006819 |  |
| ABBOTT LABS | 0.006750 |  |
| ULTA BEAUTY INC | 0.006117 |  |
| BLACKROCK INC | 0.006114 |  |
| CINTAS CORP | 0.005924 |  |
| TEXAS PACIFIC LAND CORP | 0.005641 | ✓ |
| S&P GLOBAL INC | 0.005627 | ✓ |
| PROLOGIS INC REIT | 0.005371 |  |
| DIAMONDBACK ENERGY INC | 0.005326 |  |


## Sources

- N-PORT (fund A) — accession `0000894189-25-014396` (as of 2025-09-30)
  <https://www.sec.gov/Archives/edgar/data/1796383/000089418925014396/0000894189-25-014396-index.htm>
- N-PORT (fund B) — accession `0001004726-26-001864` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1100663/000100472626001864/0001004726-26-001864-index.htm>

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