TrimTabs ETF Trust - Donoghue Forlines Tactical High Yield ETF (ABHY) Research

ABHY is an exchange-traded fund designed to mirror an index. This index strategically invests in U.S.-listed high-yield ETFs while incorporating a mechanism for downside protection. Its core is a risk-managed, tactical approach that dynamically allocates capital between high-yield and U.S. Treasury ETFs. A daily buy-sell signal dictates this allocation. Upon a buy signal, the fund commits 100% exposure to high-yield ETFs. Conversely, if a buy signal isn't triggered, 80% of assets are shifted into U.S. Treasuries. Prospective underlying ETFs must satisfy specific criteria related to their expense ratios and assets under management (AUM). Furthermore, their investment processes must explicitly exclude factor-based investing, hedging techniques, and long/short strategies. The chosen ETFs, whether high-yield bond or Treasury-focused, are weighted according to their individual expense ratios and AUM. The underlying index undergoes quarterly rebalancing and an annual reconstitution. Consequently, investors should anticipate a relatively active trading frequency within the fund. For historical context, prior to November 29, 2021, the fund operated as TrimTabs Donoghue Forlines Tactical High Yield, tracking the TrimTabs Donoghue Forlines Tactical High Yield Index. More recently, until November 13, 2024, it was known as the Donoghue Forlines Tactical High Yield ETF and traded under the ticker DFHY.

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