Donoghue Forlines Innovation ETF
Ticker: DFNV
Fund Info
| EXCHANGE: | Cboe BZX Exchange, Inc. |
| TICKER: | DFNV |
| CUSIP: | 89628W500 |
| INCEPTION DATE: | December 7, 2020 |
| NAV SYMBOL: | DFNV.NV |
| NET ASSETS AS OF #date | |
| SHARES OUTSTANDING | |
| CLOSING | |
| NAV | |
| PREMIUM/DISCOUNT | |
| Gross/Net Expense Ratio | 0.69% |
| 30-DAY SEC YIELD AS OF 6/30/2024 | 0.22% |
| Median 30 Day Bid/Ask Spread |
Investor Materials
Fund Investment Objective
The Donoghue Forlines Innovation ETF seeks to track investment results of FCF US Quality Innovation Index that provides exposure to U.S. publicly traded companies with strong free cash flow and strong research and development (“R&D”) investment.
Where does DFNV fit into a portfolio?
The Donoghue Forlines Innovation ETF is a strategic allocation to investor portfolios that fits outside of traditional “style box” portfolio construction. Because technology is embedded in every sector of the new economy, innovation cannot be boxed into sectors or styles. This ETF is a core position as part of an overall asset allocation to equities.
Why invest in DFNV?
DFNV provides exposure to publicly traded companies with strong free cash flow and strong research and development (R&D) investment
Advances in technology and healthcare are now embedded in every sector of the global economy (financial services, manufacturing, consumer discretionary first among them), which potentially changes how returns in the equity markets, public and private, may be produced in the future; DFNV is constructed to identify and adapt to those trends.
R&D spending combined with strong free cash flow generation have been responsible for a subset of corporations’ emergence as new leaders in global markets; DFNV includes companies across all sectors that maintain high R&D intensity and strong free cash flow generation
Performance
Month End Performance (as of 9/30/2024)
| 3M | YTD | 1 Yr | 2 Yr | 3 Yr | Annualized Since Inception (12/07/2020 – 9/30/2024) | |
|---|---|---|---|---|---|---|
| Market Price | 6.47% | 20.97% | 36.28% | 25.37% | 7.38% | 9.98% |
| NAV | 6.58% | 20.90% | 36.25% | 25.39% | 7.42% | 9.97% |
| Russell 1000 Total Return Index | 6.08% | 21.18% | 35.68% | 28.23% | 10.83% | 13.12% |
| Russell 1000 Growth Index | 3.19% | 24.55% | 42.19% | 34.76% | 12.02% | 14.04% |
Expense Ratio: 0.69%. The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will uctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. Performance current to the most recent month-end can be obtained by calling (toll free 800-617-0004). Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.
Top 10 Holdings
Top 10 Holdings (As of )
Premium Discount
Donoghue Forlines Innovation ETF
January 3, 2023 to June 30, 2024
| Days Traded | Calendar Year 2023* | Calendar Year 2024 through 9/30 |
|---|---|---|
| at premium | 84 | 60 |
| at net asset value | 0 | 0 |
| at discount | 166 | 124 |
The following table and line graph are provided to show the frequency at which the closing price of the Fund was at a premium (above) or discount (below) to the Fund’s daily net asset value (“NAV”). The table and line graph represent past performance and cannot be used to predict future results. Shareholders may pay more than NAV when buying Fund shares and receive less than NAV when those shares are sold because shares are bought and sold at current market prices
Distribution
Distribution Detail
| Ex-Date | Record Date | Payable Date | Amount |
|---|---|---|---|
| 12/30/2020 | 12/31/2020 | 01/04/2021 | $0.00525928 |
| 12/30/2021 | 12/31/2021 | 1/03/2022 | $1.40173001 |
| 12/28/2022 | 12/29/2022 | 12/30/2022 | $0.26517592 |
| 12/27/2023 | 12/28/2023 | 12/29/2023 | $0.21122593 |
Investment Committee
Jeffrey R. Thompson • John A. Forlines, III • Richard E. Molari • Nick Lobley
Investment Advisor to the Fund
Donoghue Forlines LLC is a tactical investment firm that has specialized in risk-managed portfolios since 1986. Our tactical strategies are based upon rigorous analysis of decades of historical data. The Donoghue Forlines Funds utilize technical indicators to recognize shifts in market momentum and uses proprietary tactical signals to help mitigate losses in down trending markets and potentially offer strong client-centric riskadjusted returns over a full market cycle.
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