DFRA
Donoghue Forlines Yield Enhanced Real Asset ETF
DFRA tracks an index that seeks to provide exposure to US real assets companies of all sizes with strong free cash flow, earnings, and dividend yield.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
26.5 M
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Fund sponsor | TrimTabs |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 14, 2021 |
| Assets (mns) | $27 |
| Expense ratio | 69 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| EXXON MOBIL CORP | 3.0 % |
| CHEVRON CORP | 2.7 % |
| SHELL PLC | 2.5 % |
| 3M CO | 2.4 % |
| BHP BILLITON LTD-SPON ADR | 2.4 % |
| KINDER MORGAN INC | 2.4 % |
| WILLIAMS COS INC | 2.4 % |
| SIMON PROPERTY GROUP INC | 2.3 % |
| HONEYWELL INTERNATIONAL INC | 2.3 % |
| MPLX LP | 2.2 % |
Constituent Breakdown
| Number of holdings | 74 |
| Herfindahl-Hirschman Index | 159 |
| Wgt avg mkt cap (mns) | $64,079 |
| Large cap (>$10bn) | 74.6% |
| Mid cap ($2-10bn) | 22.4% |
| Small cap (<$2bn) | 2.2% |
| Developed mkts. | 94.6% |
| Emerging mkts. | 5.4% |
Country Exposure
 |
UNITED STATES | 78.2 % |
 |
BRAZIL | 4.5 % |
 |
BRITAIN | 4.1 % |
 |
AUSTRALIA | 2.4 % |
 |
FRANCE | 2.1 % |
 |
SWITZERLAND | 1.1 % |
 |
GERMANY | 1.0 % |
 |
IRELAND | 0.9 % |
 |
ITALY | 0.9 % |
 |
COLOMBIA | 0.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 10.3% | 21.0% | 17.4% | -- | -- | -- | 13.6% | Volatility | 12.1% | 12.7% | 15.2% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 71% |
| MSCI EAFE | 0.88 | 70% |
| MSCI Emg Mkts | 0.61 | 35% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $10,891 |
Technical Indicators
| Recent close | $32.14 |
| 30d moving avg. | $31.51 |
| Annualized volatility | 18.8% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
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. DFRA |
Expenses vs. DFRA |
ALTAR Score™ vs. DFRA |
|---|---|---|---|---|
| NDIV | Amplify Natural Resources Dividend Income ETF | 24.4% | -10 bp | +0.4% |
| HAP | VanEck Natural Resources ETF | 19.4% | -19 bp | +1.8% |
| EIPI | FT Energy Income Partners Enhanced Income ETF | 18.6% | +41 bp | -3.0% |
| EIPX | FT Energy Income Partners Strategy ETF | 17.6% | +26 bp | -2.1% |
| VDE | Vanguard Energy ETF | 16.8% | -59 bp | -1.7% |
| IXC | iShares Global Energy ETF | 16.8% | -25 bp | +0.6% |
| FENY | Fidelity MSCI Energy Index ETF | 16.5% | -61 bp | -1.7% |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 16.5% | -29 bp | -0.5% |
| XLE | Energy Select Sector SPDR Fund | 16.3% | -60 bp | -1.2% |
| IYE | iShares U.S. Energy ETF | 16.1% | -29 bp | -2.0% |
Risk and Returns: DFRA 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 11/21/2024
Peer Group Comparison Sample data. Subscribe for access.
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
DFRA
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
DFRA
8.0%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. DFRA's ALTAR Score™ is approximately
1.1 standard deviations
above
the category average. This places DFRA in the 87th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DFRASELL
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 |
| DFRA (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) |
|
|---|---|---|---|
| DFRA | 69.0 | 18.1 | 87.1 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .