# TrimTabs ETF Trust - Donoghue Forlines Tactical High Yield ETF (ABHY): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/abhy for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Options Income · Inception: 2020-12-08 ABHY tracks an index that invests in US-listed high yield ETFs while applying a downside protection. The risk-managed fund employs a tactical strategy that toggles between high yield and US Treasury ETFs. This tactical switch is determined by a daily buy-sell signal. Full exposure is allocated to high yield ETFs when a buy signal is triggered, while 80% is allocated to US Treasurys when it triggers otherwise. Underlying ETFs must meet certain expense ratio and AUM requirements to be considered. In addition, both must have an investment process that excludes factors, hedges and long/short st... ## Key Facts | Metric | Value | |---|---| | Price | $19.52 | | Expense Ratio | 0.63% | | Assets Under Management | $2.9M | | NAV | $19.21 | | Holdings Count | — | | Distribution Yield (TTM) | 4.63% | | Annual Distribution (TTM) | $0.90 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $17.11 – $21.88 | | Beta | 0.32 | ## Latest Distribution - Amount: $0.2171 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does ABHY invest in? ABHY tracks an index that invests in US-listed high yield ETFs while applying a downside protection. The risk-managed fund employs a tactical strategy that toggles between high yield and US Treasury ETFs. This tactical switch is determined by a daily buy-sell signal. Full exposure is allocated to high yield ETFs when a buy signal is triggered, while 80% is allocated to US Treasurys when it triggers otherwise. Underlying ETFs must meet certain expense ratio and AUM requirements to be considered. In addition, both must have an investment process that excludes factors, hedges and long/short strategies. The underlying ETFs are weighted based on their respective expenses and AUM, whether its junk bonds or Treasurys. The index is rebalanced quarterly and reconstituted annually. DFHYs investors should anticipate frequent trading. Prior to Nov. 29, 2021, the fund was named TrimTabs Donoghue Forlines Tactical High Yield and tracked the TrimTabs Donoghue Forlines Tactical High Yield Index. Prior to Nov. 13, 2024 the fund name was Donoghue Forlines Tactical High Yield ETF and traded under the ticker DFHY. ### What is the expense ratio of ABHY? TrimTabs ETF Trust - Donoghue Forlines Tactical High Yield ETF (ABHY) charges an expense ratio of 0.63%. This is the annual fee deducted from fund assets to cover management and operations. ### What is ABHY's distribution yield? ABHY's trailing-twelve-month yield is 4.63%, calculated from the sum of distributions over the past year divided by the current price. ### How does ABHY's covered-call strategy work? ABHY sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund. ### How big is ABHY? TrimTabs ETF Trust - Donoghue Forlines Tactical High Yield ETF (ABHY) manages $2.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is ABHY actively managed or an index fund? ABHY's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### Does ABHY pay a distribution? Yes, TrimTabs ETF Trust - Donoghue Forlines Tactical High Yield ETF (ABHY) distributes distributions to shareholders. The trailing-twelve-month yield is 4.63%. Full distribution history is on this page. ### How often does ABHY pay distributions? TrimTabs ETF Trust - Donoghue Forlines Tactical High Yield ETF pays distributions Quarterly. Each ex-dividend date, record date, and payment date is listed in the distribution history table on this page. ### When is ABHY's next ex-distribution date? The most recently announced ex-distribution date for ABHY was 2026-09-29. The next ex-date typically follows Quarterly; once announced it appears at the top of the distribution history table on this page. ### Is ABHY's distribution sustainable? Covered-call ETFs like ABHY fund their distributions from option premium income. Sustainability depends on (1) whether option premiums stay high enough to cover the announced rate, and (2) whether NAV holds up over time. The NAV Erosion section on this page contrasts total return with price change since inception. If distributions consistently exceed total return, the fund is paying out capital rather than income. ### How much will ABHY's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.63% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ABHY charge its expense ratio? The expense ratio is deducted in tiny daily slices from ABHY's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ABHY cost more than a fund like VOO? ABHY is an options-income fund (current expense ratio 0.63%). Covered-call and 0DTE strategies require active option-writing, daily rebalancing, and dedicated risk management. They cost more than passive equity funds. The Cost Verdict card compares ABHY against the options-income cohort, not VOO. ### Are ABHY's distributions taxed at ordinary income or qualified-dividend rates? ABHY's option-premium distributions are typically classified as ordinary income (NOT the qualified-dividend rate), so they're taxed at your marginal federal rate plus state. For a 24% bracket investor that's roughly 2x the 15% long-term capital gains rate most dividend investors are used to. The Fee Compounding Forecast card above lets you layer in this tax drag alongside the fund fee. Consult a tax advisor. This is not tax advice. ### Are there cheaper alternatives to ABHY? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as ABHY (0.63%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/abhy - Distribution history: https://www.dividenddata.com/funds/abhy/dividend - Holdings & diversification: https://www.dividenddata.com/funds/abhy/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/abhy/expenses - Peer comparison: https://www.dividenddata.com/funds/abhy/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.