DFNV
Donoghue Forlines Innovation ETF (DFNV)
The Donoghue Forlines Innovation ETF (DFNV) is an Indexed ETF that tracks the investment results of the FCF US Quality Innovation Index.
Fund Investment Objective
The Donoghue Forlines Innovation ETF (DFNV) 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.
Why DFNV?
R&D spending combined with strong free cash flow generation has facilitated the emergence of new leaders in global markets. Technology and healthcare are ingrained in all sectors of the global economy, erasing the distinction of stand-alone “innovation” sectors. This has the potential to alter the way returns are produced in the equity markets. DFNV is constructed to recognize and adjust to these changes. This offers investors:
  • The ability to adapt to and identify potential trends in returns in equity markets

  • Exposure to new market leaders in the U.S., across all sectors

Fund Information
Exchange:
CBOE BZX Exchange, Inc.
Ticker:
DFNV
CUSIP:
89628W500
Inception Date:
December 7, 2020
NAV Symbol:
DFNV.NV
Net assets as of :
Shares outstanding:
Closing price:
NAV:
Premium/Discount:
Gross/Net expense ratio:
0.69%
30-day SEC yield as of 1/31/2024:
0.30%**
MEDIAN 30 DAY BID/ASK SPREAD:
Where does DFNV fit into a portfolio?
DFNV can strengthen your portfolio and serve a variety of functions, including:
  • Strategic allocation: DFNV offers investors a strategic allocation in their portfolios that breaks the mould of traditional “style box” portfolio construction.
  • Core position: DFNV is a core position ETF as part of an overall asset allocation to equities due to the pervasive nature of technology and innovation in all sectors.
Performance
QUARTER END PERFORMANCE (as of 12/31/23)
NAME Quarter 1 Yr 2 Yr 3 Yr Annualized Since Inception
NAME Market Price Quarter 12.66% 1 Yr 26.92% 2 Yr -1.82% 3 Yr 4.55% Annualized Since Inception 5.78%
NAME NAV Quarter 12.69% 1 Yr 27.00% 2 Yr -1.79% 3 Yr 4.60% Annualized Since Inception 5.79%
NAME Russell 1000 Total Return Index Quarter 11.96% 1 Yr 26.53% 2 Yr 1.16% 3 Yr 8.97% Annualized Since Inception 9.49%
NAME Russell 1000 Growth Return Index Quarter 14.16% 1 Yr 42.68% 2 Yr 0.55% 3 Yr 8.86% Annualized Since Inception 9.61%

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 fluctuate 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
(as of )
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Premium Discount
Donoghue Forlines Innovation ETF (DFNV)
January 3, 2022 to December 29, 2023
Calendar Year 2022 Calendar Year 2023 through December 31, 2023
Days Traded at premium 99 84
Days Traded at net asset value 1 0
Days Traded at discount 151 166

This 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
EX-DATE 12/30/2020 RECORD DATE 12/31/2020 PAYABLE DATE 01/04/2021 AMOUNT $0.00525928
EX-DATE 12/30/2021 RECORD DATE 12/31/2021 PAYABLE DATE 01/03/2022 AMOUNT $1.40173001
EX-DATE 12/28/2022 RECORD DATE 12/29/2022 PAYABLE DATE 12/30/2022 AMOUNT $0.26517592
EX-DATE 12/27/2023 RECORD DATE 12/28/2023 PAYABLE DATE 12/29/2023 AMOUNT $0.21122593
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