Donoghue Forlines Innovation ETF

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 0.18%
Median 30 Day Bid/Ask Spread

FUND Data & Pricing

Investor Materials

SAI

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.

Innovative Outside the Box

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 September 30, 2024

DFNV Premium Discount Chart 9/2024
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, IIIRichard E. MolariNick 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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