---
ticker: "SPDF"
name: "Advisor Managed Portfolios - Defender Risk Adaptive 500 ETF"
url: "https://etf.net/etf/SPDF"
grade: "C"
score: 45
graded_at: "2026-10-12"
category: "Trend-Following / Tactical Index"
category_rank: "13 of 20"
methodology: "https://etf.net/methodology"
---

# SPDF: Advisor Managed Portfolios - Defender Risk Adaptive 500 ETF

Grade **C**, Score 45 of 100. Rank 13 of 20 in Trend-Following / Tactical Index.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 29 | 14 of 20 |
| Mission | Not scored | — |
| Risk | 95 | 1 of 20 |
| Tradability | 47 | 11 of 20 |
| Holdings | 37 | 17 of 20 |
| Durability | 10 | 20 of 20 |

## Top holdings

The fund holds 2 positions. These are the largest 2, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | SPYM | State Street SPDR Portfolio S&P 500 ETF | 99.49% |
| 2 | — | U.S. Bank Money Market Deposit Account 06/01/2031 | 0.53% |

Source: etf.net, https://etf.net/etf/SPDF. Please cite the page URL.