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Trending ETFs

Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$30.46

$45.3 M

0.71%

$0.22

0.69%

Vitals

YTD Return

9.6%

1 yr return

30.6%

3 Yr Avg Return

7.2%

5 Yr Avg Return

N/A

Net Assets

$45.3 M

Holdings in Top 10

50.7%

52 WEEK LOW AND HIGH

$30.5
$23.24
$30.63

Expenses

OPERATING FEES

Expense Ratio 0.69%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$30.46

$45.3 M

0.71%

$0.22

0.69%

DFNV - Profile

Distributions

  • YTD Total Return 9.6%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Donoghue Forlines Innovation ETF
  • Fund Family Name
    N/A
  • Inception Date
    Dec 07, 2020
  • Shares Outstanding
    N/A
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    John Forlines

Fund Description

To pursue its investment objective, the Fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the Underlying Index. The Underlying Index is sponsored and maintained by FCF Indexes LLC (the "Index Provider"), an affiliate of FCF Advisors LLC, the Fund’s investment adviser (the “Adviser”). The Underlying Index is designed to track the performance of a strategy that seeks to provide equity exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (“R&D”) investment. The Fund intends to maintain a portfolio of securities that generally replicates the holdings of the Underlying Index.
To be eligible for inclusion in the Underlying Index, an equity security must: (i) be a U.S. listed common stock; (ii) have a minimum total market capitalization larger than the 97th percentile of the cumulative market capitalization of all U.S.-listed companies; (iii) have an average monthly trading volume of greater than $75 million over the last six months; and (iv) have been issued by a company that has reported over the past 12 months certain characteristics of its expenses, including free cash flow and positive R&D expense.
Each security eligible for inclusion is then scored based on the following components of the company issuing the security (the “FCF Innovation Score”), which is intended to be representative of a company’s free cash flow and innovation: (i) quality of earnings (i.e., a metric that determines the proportion of income attributable to the cash flow activities of a company); (ii) profits generated from R&D; (iii) degree of R&D investment relative to total assets; (iv) assets turnover; and (v) financial leverage. Only companies with an FCF Innovation Score within the top 25% of all eligible securities are candidates for inclusion in the Underlying Index. A target weighting is then assigned to each security based on a combination of its FCF Innovation Score and free-float market capitalization. Companies are then ranked based on their target weighting and sequentially included in the Underlying Index until either 120 securities have been included or 90% of the cumulative security weight has been included, whichever occurs first.
The Underlying Index is rebalanced and reconstituted quarterly. The Fund is generally rebalanced and reconstituted in accordance with the Underlying Index.
The Fund can use derivative instruments, including exchange-traded futures contracts, to gain exposure to component securities of the Underlying Index.
Donoghue Forlines LLC, the Fund’s sub-adviser (the "Sub-Adviser"), may engage in active and frequent trading of the Fund’s portfolio securities to achieve the Fund’s investment objective.
The Fund will concentrate its investments (i.e., invest more than 25% of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of September 30, 2023, the Fund is concentrated in the technology sector.
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DFNV - Performance

Return Ranking - Trailing

Period DFNV Return Category Return Low Category Return High Rank in Category (%)
YTD 9.6% -38.5% 31.2% 88.00%
1 Yr 30.6% -67.1% 39.2% 36.72%
3 Yr 7.2%* -40.8% 30.6% N/A
5 Yr N/A* -33.3% 22.3% N/A
10 Yr N/A* -16.3% 23.9% N/A

* Annualized

Return Ranking - Calendar

Period DFNV Return Category Return Low Category Return High Rank in Category (%)
2023 25.9% -73.9% 35.7% 4.94%
2022 -25.0% -25.6% 73.1% N/A
2021 13.1% -97.5% 60.0% N/A
2020 N/A -24.7% 44.9% N/A
2019 N/A -22.9% 38.5% N/A

Total Return Ranking - Trailing

Period DFNV Return Category Return Low Category Return High Rank in Category (%)
YTD 9.6% -75.9% 954.2% 88.32%
1 Yr 30.6% -67.1% 66.6% 41.45%
3 Yr 7.2%* -40.8% 30.6% N/A
5 Yr N/A* -33.3% 30.0% N/A
10 Yr N/A* -16.3% 23.9% N/A

* Annualized

Total Return Ranking - Calendar

Period DFNV Return Category Return Low Category Return High Rank in Category (%)
2023 26.9% -73.9% 35.7% 4.94%
2022 -24.0% -25.6% 73.1% N/A
2021 18.5% -97.5% 60.0% N/A
2020 N/A -24.7% 44.9% N/A
2019 N/A -22.9% 43.6% N/A

DFNV - Holdings

Concentration Analysis

DFNV Category Low Category High DFNV % Rank
Net Assets 45.3 M 863 K 50.4 B 68.99%
Number of Holdings 102 1 470 18.65%
Net Assets in Top 10 19.3 M 0 30.3 B 67.20%
Weighting of Top 10 50.71% 7.6% 100.0% 93.87%

Top 10 Holdings

  1. Mount Vernon Liquid Assets Portfolio, LLC 14.88%
  2. Apple Inc 6.59%
  3. Alphabet Inc 5.48%
  4. NVIDIA Corp 5.46%
  5. Meta Platforms Inc 4.38%
  6. Broadcom Inc 3.69%
  7. Merck Co Inc 2.79%
  8. AbbVie Inc 2.64%
  9. Adobe Inc 2.47%
  10. Johnson Johnson 2.34%

Asset Allocation

Weighting Return Low Return High DFNV % Rank
Stocks
99.78% 0.00% 100.53% 44.37%
Cash
15.10% -0.53% 100.00% 53.70%
Preferred Stocks
0.00% 0.00% 2.84% 67.52%
Other
0.00% -1.08% 26.87% 69.13%
Convertible Bonds
0.00% 0.00% 0.40% 65.92%
Bonds
0.00% 0.00% 4.72% 66.88%

Stock Sector Breakdown

Weighting Return Low Return High DFNV % Rank
Utilities
0.00% 0.00% 6.27% 65.81%
Technology
0.00% 2.80% 100.00% 74.52%
Real Estate
0.00% 0.00% 15.05% 73.87%
Industrials
0.00% 0.00% 53.73% 49.03%
Healthcare
0.00% 0.00% 43.58% 0.97%
Financial Services
0.00% 0.00% 52.54% 52.26%
Energy
0.00% 0.00% 7.96% 65.48%
Communication Services
0.00% 0.00% 97.05% 68.39%
Consumer Defense
0.00% 0.00% 5.64% 3.55%
Consumer Cyclical
0.00% 0.00% 51.15% 67.74%
Basic Materials
0.00% 0.00% 36.08% 68.71%

Stock Geographic Breakdown

Weighting Return Low Return High DFNV % Rank
US
99.78% 0.00% 100.53% 6.43%
Non US
0.00% 0.00% 99.27% 91.96%

DFNV - Expenses

Operational Fees

DFNV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.69% 0.08% 2.97% 59.81%
Management Fee 0.69% 0.00% 1.95% 46.88%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.50% N/A

Sales Fees

DFNV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

DFNV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DFNV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 281.00% 46.00%

DFNV - Distributions

Dividend Yield Analysis

DFNV Category Low Category High DFNV % Rank
Dividend Yield 0.71% 0.00% 42.10% 71.25%

Dividend Distribution Analysis

DFNV Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Monthly Annually

Net Income Ratio Analysis

DFNV Category Low Category High DFNV % Rank
Net Income Ratio N/A -2.30% 2.08% 20.16%

Capital Gain Distribution Analysis

DFNV Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

DFNV - Fund Manager Analysis

Managers

John Forlines


Start Date

Tenure

Tenure Rank

Dec 07, 2020

1.48

1.5%

John A. Forlines III is Chief Investment Officer at W.E. Donoghue and a member of the Investment Committee. In addition to his leadership as a portfolio manager, Mr. Forlines is an Executive in Residence in the Department of Economics at Duke where he teaches classes in behavioral finance and decision making. Mr. Forlines enjoyed a long career with J.P. Morgan from 1985-2000, serving various roles within the firm, including Vice President of Structured Products, Co-Head of the U.S. Private Equity Group, Managing Director in the Securities Business Development Group and Managing Director and Co-Head of U.S. Tech, Media & Telecom Investment Banking. Mr. Forlines is admitted to the practice of law in the State of New York; before his career at JP Morgan his legal work specialized in structured debt and equity products. Graduating from Duke University with Honors in English and Economics, Mr. Forlines has also earned his J.D from the Duke University School of Law.

Nicholas Lobley


Start Date

Tenure

Tenure Rank

Dec 07, 2020

1.48

1.5%

Mr. Lobley was promoted to Portfolio Manager of W.E. Donoghue & Co., LLC in 2019. Mr. Lobley was previously promoted to Senior Research Analyst in 2018 after joining the firm as Analyst in 2018. Prior to joining W.E. Donoghue & Co., Mr. Lobley was an Analyst with JAForlines Global, an independent investment adviser, since 2017. From 2016 to 2017, Mr. Lobley was an Associate with Paley Advisors, LLC. Mr. Lobley holds a Bachelor of Arts in Economics from Oberlin College.

Richard Molari


Start Date

Tenure

Tenure Rank

Dec 07, 2020

1.48

1.5%

Rick is the Chief Operating Officer of W.E. Donoghue & Co. LLC. He is a principal, corporate officer as well as a member of W.E. Donoghue & Co., LLC's Investment Policy Committee. As part of Rick's responsibilities on the investment committee he is involved in the design and maintenance of the technical asset allocation models applied to the high yield asset class and equity rotation strategies. He is also a co-portfolio manager to the Power Funds suite of 40 Act mutual funds, of which W. E. Donoghue & Co. LLC is the Advisor. Rick is an accomplished investment management operations and global trading specialist with over fifteen years of industry experience. He has extensive knowledge of international equity, fixed income and currency markets as well as back and middle office operations, portfolio accounting and compliance regulations. Rick joined W.E. Donoghue & Co., LLC in 2014 to manage the trading and operations team. Prior to his current role, Rick spent nine years at a multi-billion dollar Boston based global hedge fund, trading international equities and managing trade operations. He started his professional career in fund accounting and back office administration with State Street Global Advisors and later BISYS Hedge Fund Services Inc. Rick holds a dual Bachelor's of Science degree from Northeastern University in Finance and Entrepreneurship. He is currently an active member of the CFA Institute, the Boston Security Analysts Society and the Boston Securities Traders Association.

Jeffrey Thompson


Start Date

Tenure

Tenure Rank

Dec 07, 2020

1.48

1.5%

Jeff is President and CEO of W.E. Donoghue & Co., LLC. He is a principal and corporate officer as well as a member of W.E. Donoghue & Co., LLC's Investment Policy Committee. As part of Jeff's responsibilities on the investment committee he leads in the design and maintenance of the technical asset allocation models applied to the high yield asset class and equity rotation strategies. In addition, he has been instrumental in collaborating with Standard and Poor’s and S-Network in the design of the custom indices being offered by WEDCO for which the SMA investment portfolios are predicated upon. He is also a co-portfolio manager to the Power Funds suite of 40 Act mutual funds, of which W. E. Donoghue & Co. LLC is the Advisor. Jeff had worked as an Account Executive for national and super regional firms Lehman Brothers, Gruntal & Co., and Cowen & Co. from 1992-1996. There he worked with individual investors, as well as institutional investors, recommending and trading individual securities. Further, BTS Asset Management employed Jeff from 1996-1998 as a Regional Vice President providing investment advisory services to institutional clients.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.43 7.88 2.12