ABXB — Donoghue Forlines Tactical High Yield ETF
Data updated: 2026-09-23
ABXB — Donoghue Forlines Tactical High Yield ETF. 0.62% expense ratio · since 2020. Holdings, fees, performance and SEC filings.
ABXB Fund Overview
ABXB — Donoghue Forlines Tactical High Yield ETF is a US ETF managed by Abacus FCF ETF Trust, categorised as United States Multi-Cap / All-Cap Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Abacus FCF ETF Trust
- Category: United States Multi-Cap / All-Cap Equity
- Assets under management: $1.91M
- 1-year return: 2.8%
- Ticker: ABXB
- SEC CIK: 0001604813
- SEC series ID: S000069940
- Share class ID: C000222768
ABXB Investment Objective and Strategy
Donoghue Forlines Tactical High Yield ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Abacus FCF ETF Trust.
Investment objective
The Abacus Flexible Bond Leaders ETF (the Fund) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Abacus Flexible Bond Leaders Index (the Underlying Index).
Principal investment strategy
"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 bonds and/or other instruments that provide exposure to, or have economic characteristics similar to, bonds. The Underlying Index is sponsored and maintained by Abacus FCF Indexes LLC (the Index Provider), an affiliate of Abacus FCF Advisors LLC, the Fund's investment adviser (the Adviser). The Underlying Index is designed to track the performance of a rules-based, quantitative strategy that seeks to provide current income and capital preservation by flexibly allocating across a diversified mix of fixed income categories consistent with an intermediate core-plus fixed income character (Bond Categories, and each, a Bond Category), which are derived from a universe of core investment-grade bonds (i.e., those that are rated within the top four rating categories by a Nationally Recognized Statistical Rating Organization) (""Core Bonds"") and higher yielding (including below investment grade) ""plus"" bonds (""Plus Bonds"") as shown below.
Bond Categories Core Bonds: Plus Bonds: 1. Government bonds; 2. Investment-grade corporate bonds; 3. Investment-grade securitized debt; and 4. Investment-grade inflation-protected securities. 1. High-yield corporate bonds; 2. International, including emerging market bonds; and 3. Specialized bonds, including floating rate notes and loans. To seek to maintain its core-plus character, the Underlying Index currently allocates approximately 70% of its value to Core Bonds (the Core Bond Cap), and approximately 30% of its value to Plus Bonds (the Plus Bond Cap, and together with the Core Bond Cap, the Caps, and each, a Cap). The Underlying Index utilizes a proprietary quantitative model (the Model) that systematically identifies elevated volatility in the equity market to identify whether the market is in a high-volatility or low-volatility regime.
During high-volatility regimes, the Model prioritizes short-term price momentum signals, targeting Bond Categories that exhibit stronger near-term price trends, whereas during low-volatility regimes, the Model prioritizes long-term price momentum signals, targeting Bond Categories that exhibit stronger long-term price trends. Once the volatility regime has been identified, the Model scores all Bond Categories based on those exhibiting the highest positive short- or long-term price momentum trends (based on the identified volatility regime) (the ""Momentum Score"") and selects only those Bond Categories exhibiting positive price momentum for inclusion in the Underlying Index (the Trend Leaders). Each of the Bond Categories selected will receive equal weight within their respective Caps. If there are no Core Bonds and/or Plus Bonds exhibiting positive price momentum at a particular reconstitution, the Underlying Index will allocate all value under the applicable Cap to the Core Bond and/or Plus Bond that receives the highest Momentum Score.
Under normal market conditions, the Underlying Index obtains exposure to Trend Leaders by selecting exchange-traded funds that provide exposure to the Bond Categories (Underlying ETFs, and each, an Underlying ETF). Once the Trend Leaders are identified, the Underlying Index selects one Underlying ETF to represent each selected Bond Category. Because Trend Leaders are selected based on price momentum trends of the Bond Categories, the Underlying Index may not always allocate across all of the Bond Categories. The Underlying Index reconstitutes monthly, dynamically adjusting the weighting of short-term and long-term price momentum signals based on market volatility. The Core Bond Cap and the Plus Bond Cap may be adjusted by the Underlying Index's index committee at any monthly reconstitution.
As of the date of this Prospectus, the Core Bond Cap may be adjusted within a range of 60%-80% and the Plus Bond Cap within a range of 20%-40%. The Fund is generally rebalanced and reconstituted in accordance with the Underlying Index. In seeking to track the performance, before fees and expenses, of the Underlying Index, the Adviser uses a stratified sampling approach, meaning it may not select the exact Bond Categories or Underlying ETFs included in the Underlying Index at each reconstitution. The Advisers goal in utilizing this approach is to manage turnover and trading costs, particularly where relative Momentum Scores are tightly clustered and strict mechanical reconstitution from one month to the next would generate uneconomic trading costs for the Fund, while also seeking to minimize tracking error relative to the Underlying Index.
In implementing the stratified sampling approach, the Adviser seeks to ensure that the Funds exposures to important risk factors, including interest rate, credit and geographical risks, are generally aligned with the Underlying Index. The Fund can use derivative instruments, including exchange-traded futures contracts, to gain exposure to component securities of the Underlying Index, such as when derivatives present a more cost-effective alternative to investing directly in the component securities of the Underlying Index. The Adviser may engage in active and frequent trading of the Funds portfolio securities to achieve the Funds investment objective. The Fund will concentrate its investments (i.e., invest more than 25% of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated."
ABXB Holdings
Top 9 holdings of Donoghue Forlines Tactical High Yield ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Mount Vernon Liquid Assets Portfolio, LLC | 19.45% |
| Vanguard Short-Term Treasury E | 17.58% |
| iShares MBS ETF | 17.36% |
| iShares iBoxx USD Investment G | 17.18% |
| iShares 10-20 Year Treasury Bo | 17.00% |
| VanEck J. P. Morgan EM Local C | 10.16% |
| iShares 0-5 Year High Yield Co | 10.09% |
| iShares J.P. Morgan USD Emergi | 9.97% |
| US Bank Mmda - Usbgfs 9 | 0.68% |
ABXB Portfolio Allocation
Asset-class allocation of Donoghue Forlines Tactical High Yield ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.3% |
| Cash & Equivalents | 20.1% |
ABXB Performance
Total returns for ABXB (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -0.74% |
| 1 year | 2.82% |
| 3 years (annualised) | 5.36% |
| 5 years (annualised) | 0.69% |
ABXB Risk Information
Risk metrics for ABXB, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.03%
ABXB Costs and Fees
ABXB costs about $62 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.62%
- Gross expense ratio: 0.82%
- Portfolio turnover: 459%
- Brokerage commissions: 31.45 bps of average net assets (SEC N-CEN)
ABXB Cashflows
Over the 12 months to 2026-07, Donoghue Forlines Tactical High Yield ETF had net outflows of $496.28K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $0 |
| 2026-06 | −$490.52K |
| 2026-05 | $0 |
| 2026-04 | $485.81K |
| 2026-03 | $0 |
| 2026-02 | $0 |
ABXB Debt Constituents
No individual debt constituents are reported in Donoghue Forlines Tactical High Yield ETF's latest SEC N-PORT filing.
ABXB Prospectus and SEC Filings
Official Donoghue Forlines Tactical High Yield ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-06-05
- Prospectus supplement (497) — filed 2026-05-15
- Prospectus supplement (497) — filed 2025-03-04
- Portfolio holdings (N-PORT) — filed 2026-09-23
- Portfolio holdings (N-PORT) — filed 2026-06-16
- Portfolio holdings (N-PORT) — filed 2026-03-17
- Annual census (N-CEN) — filed 2024-10-10
- Annual census (N-CEN) — filed 2023-10-16
Related Funds
Other United States Multi-Cap / All-Cap Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.