DFNV vs. FWD ETF Comparison

Comparison of TrimTabs Donoghue Forlines Risk Managed Innovation ETF (DFNV) to AB Disruptors ETF (FWD)

DFNV

TrimTabs Donoghue Forlines Risk Managed Innovation ETF

DFNV Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the TrimTabs Donoghue Forlines Risk Managed Free Cash Flow Innovation Index. 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 U.S. publicly traded companies with strong free cash flow and strong research and development (R&D) investment

Grade (RS Rating)

Last Trade

$36.99

Average Daily Volume

20,580

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FWD

AB Disruptors ETF

FWD Description

FWD seeks capital growth by actively investing in companies globally, believed to be at the forefront of innovative growth trends. The funds adviser considers such companies as market disrupters. Many may utilize technology to enhance or create new demand for their product or service. The selection process combines a top-down evaluation of macroeconomic growth trends with fundamental, bottom-up analysis of individual companies. Factors such as current and projected profitability, pricing power, competitiveness, technological superiority, and management robustness of a company are considered. Targeted themes may include cloud infrastructure & AI, energy transition, transportation & logistics, medical innovation, digital transactions & media, and industrial innovation. The resulting portfolio of 80-120 stocks is considered non-diversified and may heavily focus on industries within the Information Technology sector.

Grade (RS Rating)

Last Trade

$83.95

Average Daily Volume

20,955

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFNV	FWD
30 Days	8.99%	6.41%
60 Days	10.78%	8.28%
90 Days	13.77%	8.11%
12 Months	41.35%	46.37%

17 Overlapping Holdings

Symbol	Grade	Weight in DFNV	Weight in FWD	Overlap
ABBV	D	2.59%	0.73%	0.73%
ADBE	C	2.35%	0.71%	0.71%
AMZN	C	0.2%	1.73%	0.2%
ANET	C	1.58%	1.53%	1.53%
AVGO	D	4.14%	1.29%	1.29%
CRWD	B	1.7%	1.11%	1.11%
DASH	A	1.53%	1.06%	1.06%
DDOG	A	1.14%	0.99%	0.99%
FTNT	C	1.58%	1.15%	1.15%
NOW	A	2.72%	0.55%	0.55%
PLTR	B	2.33%	1.33%	1.33%
RBLX	C	1.0%	0.72%	0.72%
SPOT	B	1.8%	1.16%	1.16%
TEAM	A	1.38%	0.95%	0.95%
TTD	B	1.24%	1.05%	1.05%
UBER	D	1.83%	0.52%	0.52%
VRT	B	1.22%	1.67%	1.22%

DFNV Overweight 82 Positions Relative to FWD

Symbol	Grade	Weight
AAPL	C	7.79%
CRM	B	2.93%
APP	B	2.69%
JNJ	D	2.45%
INTU	C	2.3%
QCOM	F	2.14%
IBM	C	2.04%
BMY	B	1.99%
PANW	C	1.96%
GILD	C	1.91%
AMGN	D	1.6%
MSI	B	1.52%
PYPL	B	1.37%
MMM	D	1.24%
ADSK	A	1.24%
SNOW	C	1.17%
WDAY	B	1.17%
EA	A	1.09%
VEEV	C	1.04%
ZS	C	0.98%
UI	A	0.97%
EXPE	B	0.83%
NTAP	C	0.81%
DOCU	A	0.81%
ZM	B	0.8%
MCHP	D	0.79%
NTNX	A	0.78%
RMD	C	0.77%
PTC	A	0.76%
MANH	D	0.75%
DUOL	A	0.72%
PINS	D	0.7%
PSTG	D	0.68%
GEN	B	0.68%
DT	C	0.66%
FFIV	B	0.6%
PCTY	B	0.59%
VRSN	F	0.57%
PEGA	A	0.54%
NBIX	C	0.53%
JKHY	D	0.51%
GNRC	B	0.5%
SWKS	F	0.5%
SMAR	A	0.5%
SOLV	C	0.49%
CVLT	B	0.48%
DBX	B	0.48%
LYFT	C	0.48%
HAS	D	0.44%
JAZZ	B	0.44%
ETSY	D	0.42%
NYT	C	0.4%
PATH	C	0.4%
MTCH	D	0.4%
ALTR	B	0.4%
QLYS	C	0.39%
HALO	F	0.38%
TENB	C	0.36%
PI	D	0.36%
BOX	B	0.36%
MAT	D	0.36%
CWAN	B	0.33%
CRUS	D	0.32%
ENPH	F	0.3%
ALKS	B	0.3%
QRVO	F	0.29%
BL	B	0.28%
IGT	F	0.25%
ZETA	D	0.24%
VERX	B	0.23%
RNG	B	0.22%
PLTK	B	0.22%
PRGS	A	0.21%
ALRM	C	0.21%
ACAD	D	0.2%
TDC	D	0.2%
RPD	C	0.19%
YELP	C	0.18%
FLNC	C	0.18%
YOU	D	0.17%
PTGX	C	0.17%
CMPR	D	0.15%

DFNV Underweight 62 Positions Relative to FWD

Symbol	Grade	Weight
NVDA	C	-5.29%
TSLA	B	-3.08%
VST	B	-2.35%
GEV	B	-2.15%
ORCL	B	-1.81%
ISRG	A	-1.62%
BSX	B	-1.56%
NFLX	A	-1.54%
TXN	C	-1.51%
META	D	-1.41%
SHOP	B	-1.39%
GOOGL	C	-1.3%
HWM	A	-1.21%
EPAM	C	-1.14%
ETN	A	-1.09%
APO	B	-1.09%
COHR	B	-1.06%
TT	A	-1.05%
MRVL	B	-1.02%
MU	D	-1.01%
CAT	B	-0.98%
ON	D	-0.98%
IOT	A	-0.98%
LSCC	D	-0.94%
LRCX	F	-0.94%
TER	D	-0.93%
ARM	D	-0.91%
MDB	C	-0.91%
AMAT	F	-0.87%
WAB	B	-0.86%
BKR	B	-0.85%
SYK	C	-0.81%
NEE	D	-0.79%
GWRE	A	-0.79%
LLY	F	-0.76%
CIEN	B	-0.74%
FROG	C	-0.74%
MNDY	C	-0.74%
SNPS	B	-0.72%
AMD	F	-0.7%
MSFT	F	-0.7%
LITE	B	-0.66%
AFRM	B	-0.66%
SLAB	D	-0.65%
HUBS	A	-0.65%
BKNG	A	-0.63%
ADI	D	-0.63%
MELI	D	-0.62%
TMO	F	-0.58%
ILMN	D	-0.56%
GTLB	B	-0.53%
RDDT	B	-0.53%
ABT	B	-0.52%
CRL	C	-0.5%
BSY	D	-0.48%
CFLT	B	-0.48%
ABNB	C	-0.46%
IPGP	D	-0.44%
IQV	D	-0.43%
FCX	D	-0.42%
RGEN	D	-0.41%
Z	A	-0.4%