DFNV
Donoghue Forlines Innovation ETF
DFNV tracks an index that seeks to provide risk-managed exposure to US all-cap companies with strong free cash flow and R&D investments.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
33.5 M
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Fund sponsor | TrimTabs |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 08, 2020 |
| Assets (mns) | $33 |
| Expense ratio | 69 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Fixed |
| Weighting | Fixed |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLE INC | 9.4 % |
| BROADCOM INC. | 4.5 % |
| SALESFORCE.COM INC | 2.7 % |
| JOHNSON & JOHNSON | 2.7 % |
| ABBVIE INC | 2.6 % |
| SERVICENOW INC | 2.6 % |
| ADOBE SYSTEMS INC | 2.5 % |
| MERCK & CO. INC. | 2.4 % |
| INTL BUSINESS MACHINES CORP | 2.2 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 2.1 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 209 |
| Wgt avg mkt cap (mns) | $429,917 |
| Large cap (>$10bn) | 87.4% |
| Mid cap ($2-10bn) | 11.3% |
| Small cap (<$2bn) | 0.8% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 95.7 % |
 |
LUXEMBOURG | 1.6 % |
 |
AUSTRALIA | 1.2 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 32.2% | 40.5% | 27.5% | 9.4% | -- | -- | 11.1% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.92 | 79% |
| MSCI EAFE | 0.68 | 43% |
| MSCI Emg Mkts | 0.55 | 27% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $58,282 |
Technical Indicators
| Recent close | $38.23 |
| 30d moving avg. | $37.11 |
| Annualized volatility | 18.1% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 3.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DFNV |
Expenses vs. DFNV |
ALTAR Score™ vs. DFNV |
|---|---|---|---|---|
| TTAC | FCF US Quality ETF | 50.9% | -10 bp | +1.5% |
| XLK | Technology Select Sector SPDR Fund | 35.4% | -60 bp | +0.7% |
| XPND | First Trust Expanded Technology ETF | 34.8% | -4 bp | +0.1% |
| IYW | iShares U.S. Technology ETF | 34.4% | -29 bp | 0.0% |
| DRUP | GraniteShares Nasdaq Select Disruptors ETF | 33.2% | -9 bp | -0.7% |
| IGM | iShares Expanded Tech Sector ETF | 32.5% | -28 bp | -0.2% |
| VGT | Vanguard Information Technology ETF | 32.1% | -59 bp | 0.0% |
| FTEC | Fidelity MSCI Information Technology Index ETF | 31.4% | -61 bp | +0.1% |
| LRND | IQ U.S. Large Cap R&D Leaders ETF | 30.7% | -55 bp | +1.5% |
| OGIG | ALPS O'Shares Global Internet Giants ETF | 30.7% | -21 bp | -2.6% |
Risk and Returns: DFNV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/17/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DFNV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
DFNV
4.5%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. DFNV's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places DFNV in the 33rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DFNVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| DFNV (69 bp) Percentile rank | 76 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DFNV | 69.0 | 19.7 | 88.7 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .