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
48.1 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) | $48 |
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 | 8.6 % |
BROADCOM INC. | 4.5 % |
ABBVIE INC | 3.2 % |
JOHNSON & JOHNSON | 2.9 % |
SERVICENOW INC | 2.7 % |
ADOBE SYSTEMS INC | 2.5 % |
SALESFORCE.COM INC | 2.5 % |
QUALCOMM INC | 2.5 % |
INTL BUSINESS MACHINES CORP | 2.3 % |
INTUIT INC | 2.3 % |
Constituent Breakdown
Number of holdings | 100 |
Herfindahl-Hirschman Index | 219 |
Wgt avg mkt cap (mns) | $576,554 |
Large cap (>$10bn) | 86.2% |
Mid cap ($2-10bn) | 12.6% |
Small cap (<$2bn) | 0.8% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 95.4 % | |
LUXEMBOURG | 1.5 % | |
AUSTRALIA | 1.0 % | |
IRELAND | 0.9 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 20.0% | 35.1% | 24.8% | 7.1% | -- | -- | 8.8% | Volatility | 15.3% | 15.2% | 16.8% | 19.1% | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.89 | 80% |
MSCI EAFE | 0.72 | 50% |
MSCI Emg Mkts | 0.60 | 33% |
Liquidity Measures
Avg. volume (000) | 43 |
Turnover | 3.0% |
Avg. Bid/Ask (% of price) | 0.20% |
ADV of underlying (mns) | $40,038 |
Technical Indicators
Recent close | $33.74 |
30d moving avg. | $32.55 |
Annualized volatility | 17.9% |
Relative strength (RSI) | 60 |
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 | 43.0% | -10 bp | +1.6% |
XPND | First Trust Expanded Technology ETF | 35.0% | -4 bp | -0.7% |
IGM | iShares Expanded Tech Sector ETF | 32.9% | -28 bp | -0.3% |
DRUP | GraniteShares Nasdaq Select Disruptors ETF | 32.4% | -9 bp | -0.8% |
IYW | iShares U.S. Technology ETF | 31.4% | -29 bp | -0.3% |
FTEC | Fidelity MSCI Information Technology Index ETF | 30.2% | -61 bp | 0.0% |
VGT | Vanguard Information Technology ETF | 30.1% | -59 bp | 0.0% |
OGIG | ALPS O'Shares Global Internet Giants ETF | 29.9% | -21 bp | -4.2% |
COWG | Pacer US Large Cap Cash Cows Growth Leaders ETF | 29.9% | -20 bp | +0.1% |
IGV | iShares Expanded Tech-Software Sector ETF | 29.4% | -28 bp | -1.9% |
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 10/4/2024
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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
4.7%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. DFNV's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places DFNV in the 36th 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. | 35.4 | 14.9 | 50.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .