DF Tactical Momentum SMA
YEAR-TO-DATE RETURN
Seeking Moderately Aggressive Growth
Seeks to achieve a moderately aggressive total return through capital appreciation, while utilizing tactical overlays to help preserve capital during periods of market stress.
Momentum Stocks
Invests in large and mid-sized companies exhibiting strong intermediate-term momentum with a diversified sector exposure
Tactically Managing Risk
A “Rules Based” strategy that can move 100% to short term treasuries when intermediate term trends indicators suggest a defensive posture.
Annual Returns
Trailing Returns (as of 5/31/26)
Risk Statistics (as of 5/31/26)
| Since Inception* | DF Tactical Momentum | Syntax US LargeCap 500 Index |
|---|---|---|
| Alpha | 3.04 | 0.00 |
| Beta | 1.00 | 1.00 |
| Max Drawdown | -25.98 | -27.58 |
| Std Dev | 15.12 | 15.05 |
| Best Month | 12.05 | 11.22 |
| Worst Month | -16.91 | -16.91 |
| Up Capture Ratio | 107.41 | 100.00 |
| Down Capture Ratio | 91.05 | 100.00 |
Risk Reward (as of 5/31/26)
"Rules-Based" intermediate term view of equity trends with a focus on downside protection
We focus on price momentum and technical analysis 3-6 & 10-20 Month Trends
We review risk, positions, and opportunities daily
- We base our decisions predicated upon a starting universe of large and midcap stocks.
- We screen for the highest momentum stocks within each sector.
- We mechanically reconstitute and rebalance the portfolio quarterly.
- We utilize trend following indicators to attempt to mitigate drawdowns.
- We generally recommend utilizing the strategy as a portion of a broader overall portfolio.
Equity Sectors
Portfolio Date: 5/31/26
Top 10 Holdings
Portfolio Date: 5/31/26
Donoghue Forlines Donoghue Forlines is an SEC-registered investment adviser founded in 1986 to provide professional investment management services to individuals, corporations, and institutions, and today remains committed to helping advisors meet their clients’ investment objectives through evolving investment solutions driven by the belief that a traditional “buy and hold” approach alone is not sufficient to preserve and grow wealth while supporting sustainable income needs.
125 High Street
Suite 220
Boston, MA 02110
The DF Tactical Momentum Portfolio Composite was created March 1, 2016.
Results are based on fully discretionary accounts under management, including those accounts no longer with the firm. Individual portfolio returns are
calculated on a daily basis. Cash flows are weighted according to the time they are available to invest during the period using the Time Weighed Return
method. Returns for the subperiods are geometrically linked to obtain the portfolio’s monthly return.
Composite returns are calculated by asset-weighting the individual portfolio returns using beginning-of-period values and are calculated monthly in U.S.
dollars. These returns represent investors domiciled primarily in the United States. Proxy positions might be held in place of composite holdings at some third-
party model manager providers. Past performance is not indicative of future results. The calculation and presentation of performance has not been
approved or reviewed by the SEC or its staff.
Policies for valuing portfolios, calculating performance, and preparing compliant presentations are available upon request. For a compliant presentation
and/or the firm’s list of composite descriptions, please contact 800-642-4276 or info@donoghueforlines.com.
Fee Schedule
The investment management fee schedule for all portfolios is: Client Assets = All Assets; Annual Fee % = 0.50%. Actual investment advisory fees incurred may
vary and should be confirmed with your financial advisor.
Net 3% Returns
For all portfolios, net 3% returns are presented net of a hypothetical maximum fee of three percent (3%). Actual fees applicable to an individual investor’s
account will vary and no individual investor may incur a fee as high as 3%. Please consult your financial adviser for fees applicable to your account.
The inclusion of Syntax US Large Cap 500 Index is for comparison purposes only. The Syntax US Large Cap 500 Index is a stratified-weight index holding large
cap US equities satisfying a value screen. This index aims to hold companies with high book-to-market values relative to their industry groups, as defined by
Syntax’s FIX codes. Constituents are weighted based on Syntax’s patented methodology to control exposure to related business risks (RBRs).
The inclusion of the US SA Tactical Allocation Morningstar Category is for comparison purposes only. The US SA Tactical Allocation refers to funds that actively
shift their asset allocation between stocks and bonds, aiming to benefit from short-term market trends and potentially generate higher returns than static
allocation funds. These funds are characterized by material shifts in sector and/or regional allocations over time.
Index performance results are unmanaged, do not reflect the deduction of transaction and custodial charges, or the deduction of a management fee, the
incurrence of which would have the effect of decreasing indicated historical performance results. You cannot invest directly in an Index. Economic factors,
market conditions and investment strategies will affect the performance of any portfolio, and therefore are not assurances that it will match or outperform
any particular benchmark.
The DF Tactical Momentum SMA achieved a 5 Star Overall Morningstar Rating in the US SA Tactical Allocation Category as of March 31, 2026 out of 271 Funds, based on the portfolio’s risk-adjusted returns.
© 2026 Morningstar, Inc. All rights reserved. The information contained herein:
(1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Morningstar Rating™ for Separate Accounts
The Morningstar Rating™ for separate accounts, or “star rating”, is calculated for separate accounts with at least a three-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.
In May 2026, Morningstar published its star ratings for periods ended March 31, 2026. Morningstar calculated the Overall Morningstar Rating for the DF Tactical Momentum SMA as five stars based on the portfolio’s risk-adjusted return from its inception (March 1, 2016) through March 31, 2026. Overall 5-star rating out of 271 US SA Tactical Allocation funds as of March 31, 2026. A 3-Year 5-star rating out of 271 US SA Tactical Allocation funds as of March 31, 2026. A 5-Year 5-star rating out of 260 US SA Tactical Allocation funds as of March 31, 2026. A 10-Year 5-star rating out of 168 US SA Tactical Allocation funds as of March 31, 2026. Morningstar ratings for separate accounts are determined quarterly, and the DF Tactical Momentum SMA may receive a different rating in the future. Please contact us at 800-642-4276 for the most recent Morningstar Rating.
Donoghue Forlines believes that any questionnaire or survey used by Morningstar in the preparation of third-party ratings is structured to make it equally easy for a participant to provide favorable and unfavorable responses, and is not designed or prepared to produce any predetermined result. Donoghue Forlines has compensated Morningstar in connection with using the third-party rating. Donoghue Forlines is not affiliated with Morningstar.
