01/13/2012 - Coleman, Murray. "DENT’s Johnson: Dividend ETFs Overbought, Dollar’s Set To Run." http://blogs.barrons.com/focusonfunds/2012/01/13/dents-johnson-dividend-etfs-overbought-dollar-set-for-long-term-run/?mod=BOLBlog
(DENT) Dent Tactical ETF
Overview
How the Dent Tactical ETF Works
The investment objective of the Dent Tactical ETF (NYSE Ticker: DENT) is long term growth of capital. DENT seeks to achieve its investment objective by identifying, through proprietary economic and demographic analysis, the overall trend of the U.S. and global economies and how consumer spending patterns may change based on this analysis. Then, the portfolio manager implements an investment strategy using ETFs (exchange traded funds) across several asset classes such as domestic and foreign equities, domestic or foreign fixed income or commodities. The portfolio manager systematically selects some of the strongest performing asset classes and invests in the specific ETFs that gains exposure to the target allocation. The portfolio is monitored daily given market changes and the portfolio can be reallocated at any time using a sell discipline designed to mitigate risk.Fund Documents
- March 2012 Portfolio Manager's Commentary
This document is for financial professionals only. Please register for access. - February 2012 Portfolio Manager's Commentary
This document is for financial professionals only. Please register for access.
Portfolio Manager's Commentary
DENT in the News
The following reprints should not be construed as an offer to sell or a solicitation of an offer to buy shares of any other funds. They are provided for informational purposes for AdvisorShares only.
12/29/2011 -
AdvisorShares Press Release, AdvisorShares Announces December 2011 Distributions
12/07/2011 - Zacks Investment Research. "Three Outperforming Active ETFs." http://www.zacks.com/stock/news/65911/three-outperforming-active-etfs
09/06/2011 - Cummans, Jared. "Five Equity ETFs With Low Betas For A Rocky Market." http://etfdb.com/2011/five-equity-etfs-with-low-betas-for-a-rocky-market/
08/13/2011 - Coleman, Murray. "Stepping Away From the Fray." http://online.barrons.com/article/SB50001424052702303996204576496283553670382.html
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Performance -Quarter-End
DENT Performance History (%) as of 03/31/2012
| NAV | Market Price Return | S&P 500 Index | |
|---|---|---|---|
| 1 Month | -1.93 | -1.98 | 3.29 |
| 3 Month | -2.50 | -2.66 | 12.59 |
| YTD | -2.50 | -2.66 | 12.59 |
| 1 Year | -15.11 | -15.14 | 8.54 |
| 2 Year | -5.37 | -5.43 | 12.04 |
| Since Inception (09/15/2009) | -2.94 | -3.03 | 40.95 |
Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized.
The S&P 500 Index is a broad-based, unmanaged measurement of changes in stock market conditions based on the average of 500 widely held common stocks. One cannot invest directly in an index.
Performance -Month-End
DENT Performance History (%) as of 04/30/2012
| NAV | Market Price Return | S&P 500 Index | |
|---|---|---|---|
| 1 Month | -1.20 | -1.42 | -0.63 |
| 3 Month | -4.18 | -4.35 | 7.08 |
| YTD | -3.67 | -4.05 | 11.88 |
| 1 Year | -17.54 | -17.90 | 4.76 |
| 2 Year | -6.85 | -7.08 | 10.81 |
| Since Inception (09/15/2009) | -3.29 | -3.46 | 40.07 |
Fund Distributions
| Ex-Date | Record Date | Pay Date | Cash Div | ST Cap Gain | LT Cap Gain | Return of Capital | Total Distribution |
|---|---|---|---|---|---|---|---|
12-29-10 | 12-31-10 | 01-05-11 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03/per share |
12-28-11 | 12-30-11 | 01-04-12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00/per share |
Why Invest in DENT
An investment in DENT can provide investors with a tactically managed investment vehicle as part of a core strategy or as a complement to a core strategy. The actively managed ETF structure provides daily transparency of holdings.5 Key Attributes
- Demographics - The portfolio manager utilizes the proprietary economic and demographic analysis to seek favorable investment allocations in different asset classes.
- Tactical - A tactical investment approach that overweights and underweights different market allocations utilizing ETFs and cash when the portfolio manager doesn’t find attractive areas of the market for investment.
- Risk Mitigated - Investment process includes ongoing analysis of the market, a stringent sell discipline and an overall quantitative approach to remove the emotion from the investment decision making process.
- Expertise - Harry S. Dent Jr. and Rodney Johnson have significant capital market experience utilizing demographic trend analysis and global economic data.
- Active - An actively managed investment strategy that may allocate to cash in certain market conditions. Experienced portfolio managers have the ability to make changes to stay in tuned with changing market conditions.
About The Dent Method
The Dent Method is a long-term economic forecasting tool based on demographic trends. It is used to forecast the health of the economy as well as the future direction of the stock market by identifying long-term trends that help build an overall financial picture. The Dent Method utilizes a proprietary model developed by Harry S. Dent Jr. and looks at demographic and spending trends in economic data such as consumption demand and consumer spending as it related to people’s age and stage of life.
About the Portfolio Managers
Harry S. Dent, Jr. Mr Dent is the developer of The Dent Method - an economic forecasting approach based on changes in demographic trends. In his book The Great Boom Ahead, published in 1992, Harry S. Dent, Jr. stood virtually alone in accurately forecasting the unanticipated “Boom” of the 1990s. Since 1992 Harry S. Dent, Jr. has authored numerous best sellers also publishes the HS Dent Forecast newsletter, which offers current analysis of economic and financial market trends. Harry S. Dent, Jr. received his MBA from Harvard Business School, where he was a Baker Scholar and was elected to the Century Club for leadership excellence. Since 1988 Harry S. Dent, Jr. has been speaking to executives, financial advisors and investors around the world. Harry S. Dent, Jr. has appeared on “Good Morning America”, PBS, CNBC, CNN/FN, and has been featured in Barron’s, Investor’s Business Daily, Entrepreneur, Fortune, Success, US News and World Report, Business Week, The Wall Street Journal and American Demographics.
Rodney Johnson Mr Johnson is the President of HS Dent Investment Management and a member of the HS Dent Investment Committee. For the over a decade he has worked extensively with Harry Dent, prominent author, consultant and investment strategist, in the development of the Dent Method of asset allocation and investment strategies. Mr. Johnson is a graduate of Georgetown University and holds an MBA from Southern Methodist University. He has worked in the financial services industry for over twenty years.
Fund Basics
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Symbol
DENT
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Exchange
NYSE
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Inception Date
09/15/2009
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CUSIP
00768Y107
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Indicative Value
DENT.IV
Price History
As of: 05/16/2012
| NAV | $17.96 | Closing Price | $17.93 |
| Change | ($0.04) | Change | ($0.02) |
| Shares Outstanding | 375,000 | Volume | 250 |
| 4PM Bid/Offer Midpoint | $17.90 | Premium/Discount | ($0.06) |
| Assets Under Management | $6,734,661.97 | ||
| Premium/Discount Historical Data | |||
Top Holdings (Log in above to view all holdings)
As of: 05/16/2012
| Ticker | Name | Weight |
|---|---|---|
| --- | GOLDMAN SACHS MM | 66.86% |
| IYR | ISHARES DJ US REAL ESTATE | 16.83% |
Shares are bought and sold at market price (closing price) not NAV and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined), and do not represent the return you would receive if you traded at other times. Holdings and allocations are subject to risks and to change. A holding identified with an "MM" at the end of its name indicates it is a Money Market fund.
Fees & Expenses
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Management Fee
0.95%
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Other Expenses
1.31%
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Acquired Fund Fees
0.15%
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Gross Expense Ratio
2.41%
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Fee Waiver and/or Expense Reimbursement
0.76%
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Net Expense Ratio
1.65%*
- * The Advisor has agreed to keep net expenses from exceeding 1.50% of the Fund's average daily net assets for at least a year from the date of the Prospectus. This agreement is limited to the Fund’s direct operating expenses and, therefore, does not apply to “Acquired Fund Fees and Expenses."