DFHY Donoghue Forlines Tactical High Yield ETF

Seeks to track, before fees and expenses, the TrimTabs Donoghue Forlines Tactical High Yield Index.The Index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to exchange-traded funds (“ETFs”) that investment primarily in high yield debt instruments. To be eligible for inclusion a High Yield Bond ETF must: (i) be U.S. listed; (ii) invest primarily in U.S. high yield debt instruments; (iii) have more than $1 billion in assets under management (“AUM”); (iv) have an expense ratio of less than 0.50%; and (v) have an investment process that excludes factors, hedges and long/short strategies. Eligible High Yield Bond ETFs are weighted based on their expenses (lower expenses increase weighting) and AUM (greater AUM increases weighting). The Index utilizes a proprietary, rules-based methodology that employs a tactical overlay that is intended to provide downside protection to the High Yield Bond ETF allocations. The tactical overly will provide either a “buy signal” or a “sell signal,” which are used to determine whether the Index will be in a bullish (i.e., fully invested long position) or defensive posture, respectively. When a “buy signal” is triggered, the Index will be comprised entirely of High Yield Bond ETFs. When a “sell signal” is triggered, the Underlying Index will eliminate 80% of its High Yield Bond ETF allocations in exchange for ETFs that invest primarily in intermediate-term U.S. Treasury securities and/or other cash equivalents (“Intermediate-Term Treasury ETFs”). The tactical overlay will provide buy or sell signals on a daily basis.

$21.03  +0.15 (0.71%)
As of 01/31/2023 16:00:00 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     Donoghue Forlines
Category1:  US Fixed Income
Category2:  Broad market
Category3:  High yield
Morningstar category:  
Leverage factor:  1.00
Note: Uses downside hedging
Inception date:  12/08/2020
Index tracking method: Passive replication
Current yield:  3.09%
Historical average yield:  2.98%
Market cap:  $35,218,383
Average volume:  41,569
Fees:     0.9500%

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Index Information

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TrimTabs Donoghue Forlines Tactical High Yield Index
Index symbol:  DFHYIndex
Provider:   Trimtabs Asset Management
Index weighting:   Composite scores
Index inception date:  01/01/1900
Backtesting data exists: