DFRA
Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA)
The Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA) is an Indexed ETF that aims for consistent returns for investors seeking strategic allocation outside traditional investments in portfolio construction.
Fund Investment Objective
The Donoghue Forlines Yield Enhanced Real Asset ETF seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FCF Yield Enhanced Real Asset Index.
Why DFRA?
Investors are currently challenged with the threat of persistent inflationary pressure and traditional asset classes are not cheap. Large Cap stocks valuations are elevated, credit spreads are tight, and interest rates are historically low. Given this environment, we believe real assets have become a core allocation to complement traditional investments providing:
  • Diversification*:

    • Exposure to "real assets" which we believe have better quality characteristics, and provide an alternative to traditional equities and fixed income
  • A hedge to inflation:

    • Seeks to provide better risk-adjusted return than broad market equities in periods of positive inflation surprises
  • Enhanced quality income:

    • Seeks to generate a higher dividend yield than broad market equities and the market-cap weighted real asset equities universe, with the potential of continuous dividend payments over the long term
  • Alpha generation:

    • Applies proprietary Free Cash Flow Quality Factor Model to seek alpha generation over a market-cap-weighted real asset equity universe
Fund Information
Exchange:
CBOE BZX Exchange, Inc.
Ticker:
DFRA
CUSIP:
89628W708
Inception Date:
December 13, 2021
Nav Symbol:
DFRA.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:
4.38%**
MEDIAN 30 DAY BID/ASK SPREAD:
Where does DFRA fit into a portfolio?
DFRA may help strengthen your portfolio and serve a variety of functions, including:
  • Strategic allocation: DFRA offers investors a strategic allocation in their portfolios that fits outside of traditional investments in portfolio construction.
  • Alternative position: DFRA is an alternative position ETF to traditional investments of stocks and bonds, as part of an overall asset allocation.
Performance
QUARTER END PERFORMANCE (as of 12/31/23)
NAME Quarter 1 Yr 2 Yr 3 Yr Annualized Since Inception
NAME Market Price Quarter 7.16% 1 Yr 18.90% 2 Yr 13.04% 3 Yr N/A Annualized Since Inception 14.44%
NAME NAV Quarter 7.19% 1 Yr 19.01% 2 Yr 13.12% 3 Yr N/A Annualized Since Inception 14.49%
NAME FCF Yield Enhanced Real Asset Index Quarter 7.07% 1 Yr 18.56% 2 Yr 12.58% 3 Yr N/A Annualized Since Inception 13.96%

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 Yield Enhanced Real Asset ETF (DFRA)
January 3, 2022 to December 29, 2023
Calendar Year 2022 Calendar Year 2023 through December 31, 2023
Days Traded at premium 82 102
Days Traded at net asset value 1 1
Days Traded at discount 168 147

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 12/30/2021 RECORD DATE 12/31/2021 PAYABLE DATE 1/3/2022 AMOUNT $0.02080889
EX-DATE 3/3/2022 RECORD DATE 3/4/2022 PAYABLE DATE 3/7/2022 AMOUNT $0.11802999
EX-DATE 6/3/2022 RECORD DATE 6/6/2022 PAYABLE DATE 6/7/2022 AMOUNT $0.29258053
EX-DATE 9/6/2022 RECORD DATE 9/7/2022 PAYABLE DATE 9/8/2022 AMOUNT $0.63033434
EX-DATE 12/28/2022 RECORD DATE 12/29/2022 PAYABLE DATE 12/30/2022 AMOUNT $0.74679000
EX-DATE 3/3/2023 RECORD DATE 3/6/2023 PAYABLE DATE 3/7/2023 AMOUNT $0.13105571
EX-DATE 6/5/2023 RECORD DATE 6/6/2023 PAYABLE DATE 6/7/2023 AMOUNT $0.38103578
EX-DATE 9/6/2023 RECORD DATE 9/7/2023 PAYABLE DATE 9/8/2023 AMOUNT $0.60653850
EX-DATE 12/5/2023 RECORD DATE 12/6/2023 PAYABLE DATE 12/7/2023 AMOUNT $0.23832865
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