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DFHY ETF — Holdings & Analysis

The Donoghue Forlines Tactical High Yield ETF (DFHY) is an equity ETF with $0.03 billion in assets under management and an expense ratio of 0.89%. DFHY aims to provide risk-managed exposure to high-yield debt instruments by investing in other ETFs focused on this asset class. The fund's strategy involves tracking an index designed to offer tactical allocation within the high-yield space, primarily through investments in other high-yield ETFs and related fixed-income securities.

Donoghue Forlines Tactical High Yield ETF (DFHY) ETF — Price, Holdings & Analysis

The Donoghue Forlines Tactical High Yield ETF (DFHY) is an equity ETF with $0.03 billion in assets under management and an expense ratio of 0.89%. DFHY aims to provide risk-managed exposure to high-yield debt instruments by investing in other ETFs focused on this asset class. The fund's strategy involves tracking an index designed to offer tactical allocation within the high-yield space, primarily through investments in other high-yield ETFs and related fixed-income securities.

ETF Overview

To pursue its investment objective, the fund invests, under normal market circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in component securities of the index. The index is designed to track the performance of a strategy that seeks to provide risk-managed exposure to exchange-traded funds ("ETFs") that investment primarily in high yield debt instruments.
The Donoghue Forlines Tactical High Yield ETF (DFHY) seeks to track the performance of an index that provides risk-managed exposure to high-yield debt instruments. The fund achieves this by investing at least 80% of its net assets in component securities of the index, which primarily includes other ETFs specializing in high-yield bonds. DFHY's top holdings reflect this strategy, with significant allocations to iShares International Treasury Bond ETF (IGOV) at 20.25%, iShares JP Morgan USD Em Mkts Bd ETF (EMB) at 20.12%, iShares MBS ETF (MBB) at 19.98%, iShares iBoxx $ High Yield Corp Bd ETF (HYG) at 19.82%, and iShares 0-5 Year High Yield Corp Bd ETF (SHYG) at 19.62%. This multi-ETF approach allows DFHY to diversify its exposure across various segments of the high-yield market. Sector allocation is heavily weighted towards Financial Services at 96.0%, with smaller allocations to Energy (3.5%), Communication Services (0.2%), Technology (0.2%), and Real Estate (0.1%). This concentrated sector exposure reflects the underlying holdings of the high-yield ETFs in its portfolio.

Risk Metrics

DFHY presents several risk considerations for investors. The fund's expense ratio of 0.89% is higher than category averages, which can create a drag on performance over time. The fund exhibits concentration risk, as a significant portion of its assets are allocated to a small number of holdings; the top 5 holdings account for approximately 99.79% of the portfolio. Sector risk is also present, with 96.0% of the fund's assets concentrated in the Financial Services sector, making it vulnerable to downturns in that industry. With a 3-year beta of 0.70, DFHY is less volatile than the overall market, but it will still experience price fluctuations. Investors should be aware that the fund's performance is closely tied to the performance of the underlying high-yield ETFs and the broader fixed-income market.

Expense Ratio

0.89%

Top Holdings

Sector Allocation

  • Financial Services: 96.0%
  • Energy: 3.5%
  • Communication Services: 0.2%
  • Technology: 0.2%
  • Real Estate: 0.1%

Dividend Yield

5.47%
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Risk Metrics

  • Beta: 0.70

Questions & Answers

What is DFHY and what does it track?

The Donoghue Forlines Tactical High Yield ETF (DFHY) is an equity ETF designed to provide risk-managed exposure to high-yield debt instruments. It achieves this by investing primarily in other exchange-traded funds (ETFs) that focus on high-yield bonds. DFHY tracks an index that is specifically designed to offer tactical allocation within the high-yield market. The fund's investment strategy involves holding a portfolio of high-yield ETFs, aiming to deliver a diversified and risk-managed approach to high-yield investing. As of 2026-03-15, DFHY has an AUM of $0.03 billion.

What is the expense ratio for DFHY?

The expense ratio for the Donoghue Forlines Tactical High Yield ETF (DFHY) is 0.89%. This means that for every $10,000 invested in the fund, $89 is deducted annually to cover operating expenses. While the exact category average for similar tactical high-yield ETFs can vary, DFHY's expense ratio is generally considered higher than passively managed high-yield bond ETFs, which often have expense ratios below 0.50%. the may be worth researching expense ratio as a factor when evaluating the fund's potential returns.

What are the top holdings in DFHY?

As of 2026-03-15, the top holdings in the Donoghue Forlines Tactical High Yield ETF (DFHY) are: 1) iShares International Treasury Bond ETF (IGOV) — 20.25%, 2) iShares JP Morgan USD Em Mkts Bd ETF (EMB) — 20.12%, 3) iShares MBS ETF (MBB) — 19.98%, 4) iShares iBoxx $ High Yield Corp Bd ETF (HYG) — 19.82%, and 5) iShares 0-5 Year High Yield Corp Bd ETF (SHYG) — 19.62%. These holdings demonstrate DFHY's strategy of investing in other ETFs to gain exposure to various segments of the fixed-income market, including international treasury bonds, emerging market debt, mortgage-backed securities, and high-yield corporate bonds.

Is DFHY a good long-term investment?

Whether DFHY is a suitable long-term investment depends on an investor's individual circumstances and risk tolerance. The fund's strategy of investing in other high-yield ETFs provides diversification within the high-yield market. However, the 0.89% expense ratio can impact long-term returns. DFHY's 3-year beta of 0.70 suggests it is less volatile than the broader market. The fund's dividend yield is 5.47% as of 2026-03-15. Past performance does not guarantee future results, so investors should carefully consider their investment goals and risk tolerance before investing in DFHY.

How does DFHY compare to similar ETFs?

DFHY differentiates itself through its tactical, multi-ETF approach to high-yield investing. Many high-yield ETFs directly hold corporate bonds, while DFHY primarily invests in other ETFs. Its expense ratio of 0.89% is higher than many passively managed high-yield ETFs. As of 2026-03-15, DFHY has an AUM of $0.03 billion, which is smaller than some of the larger, more established high-yield ETFs. This smaller size can impact liquidity and trading costs. Investors should compare DFHY's performance, expense ratio, and investment strategy to those of other high-yield ETFs to determine which fund best aligns with their needs.

Does DFHY pay dividends?

Yes, DFHY distributes dividends to its shareholders. As of 2026-03-15, the fund has a dividend yield of 5.47%. The dividend yield represents the annual dividend payment as a percentage of the fund's current share price. It's important to note that dividend payments can fluctuate over time depending on the performance of the underlying holdings and the fund's distribution policy. Investors seeking income may find DFHY's dividend yield attractive, but should also consider the fund's overall investment strategy and risk profile.