DFHY ETF — Holdings & Analysis

For informational purposes only. Not financial advice.

Quick Answer

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%

What does DFHY hold?

Holding	Weight
iShares International Treasury Bond ETF (IGOV)	20.25%
iShares JP Morgan USD Em Mkts Bd ETF (EMB)	20.12%
iShares MBS ETF (MBB)	19.98%
iShares iBoxx $ High Yield Corp Bd ETF (HYG)	19.82%
iShares 0-5 Year High Yield Corp Bd ETF (SHYG)	19.62%

How Is the Fund Allocated?

Sector	Weight
Financial Services	96.0%
Energy	3.5%
Communication Services	0.2%
Technology	0.2%
Real Estate	0.1%

Dividend Yield

5.47%

iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
ARK Innovation ETF (ARKK) — 0.75% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
iShares MSCI EAFE ETF (EFA) — 0.32% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

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.

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.

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%.

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.

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.

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.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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