Dorsey, Wright & Associates, LLC, founded in 1987 and led by Tom Dorsey, is a firm renowned for their core philosophy of relative strength investing. Relative strength investing involves buying securities that have appreciated in price more than the other securities in their investment universe and holding those securities until they exhibit sell signals. The investment process for all the AdvisorShares Dorsey Wright ETFs is purely systematic and removes any human emotion from the day-to-day decision making.
Visit these ETF pages and discover the difference of a relative strength approach that seeks to select the winners and avoid the losers.
AADR
International Equity- Use as an alpha-seeking complement to broad-based international equity exposure or as a standalone solution for international investment exposure.
- Concentrated investment portfolio of Dorsey Wright’s highest-ranked international equities.
- Unconstrained approach not limited by style, market capitalization, or international market classification
DWAW
Domestic Equity- Use as an alpha-seeking complement to a broad-based market cap weighted position as well as a stand-alone investment solution for world equity exposure with tactical asset allocation.
- An unconstrained global equity “go anywhere” strategy investing in domestic and foreign asset classes across any market cap and style, including emerging markets.
- DWAW seeks to identify and benefit from changing leadership themes in the market.
DWEQ
Domestic Equity- Use as an alpha-seeking complement to a broad-based market cap weighted position, such as a fund that tracks the S&P 500 Index, as well as, a stand-alone investment solution for domestic large cap equity exposure.
- Concentrated investment portfolio of Dorsey Wright’s highest-ranked large cap domestic equities, roughly 40 to 50.
- Regularly, DWEQ will rebalance its portfolio to maintain targeted exposure to the highest relative strength sectors and equal weighted allocation to the strongest stocks in those sectors.
DWMC
Domestic Equity- Use as a high-growth complement or satellite equity holding to diversify a broad-based equity allocation.
- High conviction investment portfolio of Dorsey Wright’s top-ranked micro cap equities.
- Seeks to identify the minnows that can potentially turn into whales. Some of the largest companies in the world started out as micro cap companies.
DWSH
Short Domestic Equity- Use as a hedge for long, domestic equity exposure and to seek positive returns in a declining equity market.
- Dedicated short equity portfolio of companies demonstrating the highest relative weakness characteristics.
- Entirely systematic approach that could potentially add alpha to an investment portfolio during a bear market environment.
DWUS
Domestic Equity- Use as an alpha-seeking complement to a broad-based market cap weighted position, such as a fund that tracks the S&P 500 Index, as well as, a stand-alone investment solution for domestic large cap equity exposure.
- Concentrated investment portfolio of Dorsey Wright’s highest-ranked international equities
- A targeted U.S. equity strategy using a technical, systematically-driven process to answer the question: What part of the U.S. Large Cap Equity market should be owned?
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus and summary prospectus. Please read the prospectus and summary prospectus carefully before you invest. Foreside Fund Services, LLC, Distributor.
There is no guarantee that the Fund will achieve its investment goal. An investment in the Fund is subject to risk, including the possible loss of principal amount invested. The Fund is subject to the underlying ETFs and ETP risk that comprise this “fund of funds” and is subject to greater volatility due to commodity risk, a decline in the credit quality of the portfolio, increased risk of price volatility associated with emerging markets, and negative impact due to currency exchange rate fluctuations. Other Fund risks include market risk, equity risk, ETN risk, closed end fund risk, asset allocation risk, early closing risk, short sales and leverage risk, liquidity risk, trading risk, and turnover risk. This Fund may not be suitable for all investors. See prospectus for details regarding risk.
The Morningstar Rating™ for funds, or “star rating,” is calculated for managed products with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. 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 five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three- and five-year Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns.
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Overall Morningstar ratings are derived from a weighted average of the fund’s 3-, 5-, and 10- year (if applicable) risk-adjusted returns as of 2/29/2020.
DBLV received a 4 star rating for the overall period and a 4 star rating in the 5-year period. The Mid-Cap Value Category consists of 382 funds in 3-Year Period and 343 in 5-year period.
FWDB received a 4 star rating for the Overall Period and a 4 star rating in the 5-year period. The Multisector Bond Category consists of 270 funds in Overall Period and 225 in 5-year period.
MINC received 4 star ratings in the 3-year and 5-year Periods. The Short-Term Bond Category consists of 493 funds in 3-Year and 442 in 5-Year Periods.
VEGA received 4 star ratings for the Overall Period and 5-Year Period. The Options-based Category consists of 114 funds in the Overall Period and 68 funds in the 5-year Period.