Donoghue Forlines Tactical High Yield ETF
DFHY
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Dec 8, 2020
- Similar Companies
- Business
- Donoghue Forlines Tactical High Yield ETF (DFHY) is an exchange-traded fund that seeks to track the FCF Tactical High Yield Index by providing tactical exposure to high yield bonds and intermediate-term U.S. Treasuries. The fund employs a rules-based strategy utilizing proprietary technical signals to shift allocations, investing primarily in a selection of high yield bond exchange-traded funds (ETFs) during bullish market conditions and pivoting up to 80% of the portfolio into intermediate-term U.S. Treasury ETFs during defensive periods to mitigate downside risk; its holdings are concentrated, with approximately 99% in ETF-ETFs and minimal cash, targeting investors seeking income distribution and total returns with reduced volatility compared to traditional high yield strategies. Launched on December 7, 2020, and listed on the Cboe BZX Exchange, the ETF is advised by Donoghue Forlines LLC, a tactical investment firm founded in 1986 and headquartered at One International Place, Suite 310, Boston, Massachusetts. The ETF serves the fixed income segment of portfolios, particularly for income-oriented investors facing low interest rates, by participating in high yield bond markets offering elevated coupon rates while aiming to capture upside trends and avoid major downturns through its tactical overlay. It distributes income quarterly, with a recent 30-day SEC yield of 5.94% as of June 30, 2024, and maintains a gross/net expense ratio of 0.95%; geographic focus is on U.S. securities, with no significant international exposure. Donoghue Forlines LLC acts as sub-adviser, leveraging decades of historical data analysis for risk-managed strategies across its ETF suite, including related funds like DFNV and DFRA. In a significant recent development, DFHY underwent a ticker symbol change to ABHY (Abacus Tactical High Yield ETF) on December 13, 2024, reflecting a rebranding or restructuring under new sponsorship while maintaining its core tactical high yield strategy. This corporate action coincided with similar changes for affiliated ETFs, such as DFNV to ABOT, amid ongoing portfolio adjustments by Donoghue Forlines LLC, including increased holdings in assets like Chevron (CHV) in Q3 2025 disclosures. No major acquisitions, funding rounds, or new product launches specific to DFHY were reported in the last 1-2 years, though the firm launched the DF Tactical 30 ETF (DFTT) on NYSE Arca in November 2025, expanding its tactical offerings.