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.
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.
Definitions
- Alpha, one of the most commonly quoted indicators of investment performance, is defined as the excess return on an investment relative to the return on a benchmark index
An investment in the Funds is subject to risk, including the possible loss of principal amount invested. The risks associated with each Fund include the risks associated with the underlying ETFs, which can result in higher volatility, and are detailed in each Fund’s prospectus and on each Fund’s webpage.
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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