DWEQ - AdvisorShares Dorsey Wright Alpha Equal Weight ETF

Technically Driven Domestic Equity Exposure

Target the strongest relative strength growth companies in the strongest trending sectors

Symbol Exchange Inception Date CUSIP Indicative Value
DWEQ Nasdaq 12/26/2019 00768Y461 DWEQ.IV
<strong>Why Invest in DWEQ?</strong>
  • Alpha-Seeking Complement to Broad Based Exposure – Broad based indexes, by their nature, have the good and the bad, the strong and the weak. DWEQ seeks to add alpha using Dorsey Wright’s historically successful trend following process that looks to identify the strongest sectors and companies, while eliminating the weakest performers.
  • Active Management Advantage – Many large-cap ETFs passively invest owning the majority of the stocks represented in their benchmark index, including those with less than attractive investing attributes. DWEQ’s investment process systematically screens 1,000 of the large U.S. equity securities for inclusion or removal from its highly selective, active portfolio.
  • Sector Rotation – Numerous academic studies have shown that successful sector rotation is one of the important determinants of portfolio success. Sectors rotate in and out of season. Sometimes those trends last for years, other times for months. By investing in the highest relative strength rated sectors, DWEQ seeks to capture the growth of the positive outliers on the bell curve of sector returns while avoiding the negative outliers.
  • Systematic Defense – Because we believe avoiding severe losses helps to preserve capital and can contribute to good performance over time, DWEQ uses a rules-based approach to tactically add cash or short-term fixed income exposure to the portfolio when momentum indicators are triggered. The temporary defensive position is to try to shield the portfolio from certain catastrophic market types.
<strong>Where Can DWEQ Fit in a Traditional Portfolio?</strong>

DWEQ can serve 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.

<strong>Key Attributes</strong>
  1. Concentrated Portfolio– DWEQ typically has a portfolio of 40 to 50 large cap domestic equities.
  2. Targeted Sector Exposure – By tactically allocating to the top-ranked sectors based on relative strength analysis, DWEQ will adjust and rotate into the sectors with the highest relative strength, and equally allocate across those sectors.
  3. Highest Ranked Stocks– Stocks selected for each sector must demonstrate both a buy or bullish signal and rising price momentum (both the “B” and “X” columns in point and figure charting). DWEQ will systematically rebalance on an equal weight basis into the most favorably identified individual securities within the top ranked sectors.
  4. Relative Strength Analysis– DWEQ uses a relative strength strategy, which compares price performance within a universe of stocks and is designed to remove human emotion from the decision process. This is a disciplined, repeatable process to systematically identify and select which sectors and stocks to own, as well as, which to avoid or sell.
  5. Tactical Defensive Investing– When the market demonstrates overall weakness, DWEQ will gradually allocate to cash or short term fixed income. This cash allocation will incrementally increase or decrease based on whether the momentum indicator is showing overall market strength or weakness versus cash.
<strong>About the Portfolio Manager</strong>

Nasdaq Dorsey Wright, Model Manager Nasdaq Dorsey Wright is a registered investment advisory firm based in Richmond, Virginia. Since 1987, Dorsey Wright has offered comprehensive investment research and analysis through their Global Technical Research Platform. Dorsey Wright’s expertise is technical analysis, utilizing Point & Figure Charting, Relative Strength Analysis, and numerous other technical and systematic tools to analyze market data and deliver actionable insights.

Dan Ahrens, Portfolio Manager
Mr. Ahrens is a Managing Director and the Chief Operating Officer of AdvisorShares. He is the portfolio manager of the Pure US Cannabis ETF (ticker: MSOS), the Pure Cannabis ETF (ticker: YOLO), the Vice ETF (ticker: VICE), the Hotel ETF (ticker: BEDZ), the Restaurant ETF (ticker: EATZ).

He carries over two decades of experience in the financial services industry serving in a variety of senior-level capacities and is the author of Investing in Cannabis (Wiley, 2020) and Investing in Vice (St. Martin’s Press, 2004). Additionally, Mr. Ahrens has appeared on numerous financial programs including CNBC, CNN, Fox Business, ABC News and Bloomberg and has been featured, along with funds under his management in major national and trade publications including The Economist, the New York Times, Financial Times, and The Wall Street Journal.

Fund

Price History

Fund Data

6/24/2022
NAV $20.80
Change $0.25
Shares Outstanding 2,060,000
Assets Under Management $42,847,945.3

Market Data

6/24/2022
Closing Price $20.72
Close Change $0.26
Volume 550

Regulatory Data

6/24/2022
Premium Discount $-0.02
30-Day Median bid-ask Spread 0.003115
Premium/Discount Historical Data | NAV Historical Data | Daily Premium/Discount Historical Data
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.

FUND

Characteristics

As of 5/31/2022

DWEQ Market Cap

DWEQ Sector Allocation

DWEQ Cash Holding

 

 

 

Fund

Holdings

As of

Excel    CSV

Date Account Symbol Stock Ticker Security Number Security Description Shares/Par (Full) Price (Base) Traded Market Value (Base) Portfolio Weight % Asset Group
06/24/2022 DWEQ HALO 40637H109 HALOZYME THERAPEUTICS INC 19,472.00 46.9 913,236.80 2.13% S
LLY 532457108 ELI LILLY & CO 2,743.00 325.62 893,175.66 2.08% S
MCK 58155Q103 MCKESSON CORP 2,564.00 321.55 824,454.20 1.92% S
TMO 883556102 THERMO FISHER SCIENTIFIC INC 1,454.00 544.81 792,153.74 1.85% S
HES 42809H107 HESS CORP 7,753.00 101.69 788,402.57 1.84% S
UNH 91324P102 UNITEDHEALTH GROUP INC 1,563.00 495.64 774,685.32 1.81% S
MPC 56585A102 MARATHON PETROLEUM CORP 8,967.00 85.68 768,292.56 1.79% S
COP 20825C104 CONOCOPHILLIPS 8,406.00 90.91 764,189.46 1.78% S
PXD 723787107 PIONEER NATURAL RESOURCES CO 3,414.00 223.48 762,960.72 1.78% S
EOG 26875P101 EOG RESOURCES INC 6,892.00 110.59 762,186.28 1.78% S
FANG 25278X109 DIAMONDBACK ENERGY INC 6,307.00 119.7 754,947.90 1.76% S
CCI 22822V101 CROWN CASTLE INTL CORP 4,303.00 174.99 752,981.97 1.76% S
IRM 46284V101 IRON MOUNTAIN INC 15,210.00 49.46 752,286.60 1.76% S
CHE 16359R103 CHEMED CORP 1,607.00 466.77 750,099.39 1.75% S
STE G8473T100 STERIS PLC 3,549.00 207.89 737,801.61 1.72% FS
DVN 25179M103 DEVON ENERGY CORP 13,714.00 53.77 737,401.78 1.72% S
LNG 16411R208 CHENIERE ENERGY INC 5,802.00 126.58 734,417.16 1.71% S
EW 28176E108 EDWARDS LIFESCIENCES CORP 7,536.00 96.98 730,841.28 1.71% S
UTHR 91307C102 UNITED THERAPEUTICS CORP 3,054.00 238.95 729,753.30 1.70% S
AMT 03027X100 AMERICAN TOWER CORP 2,775.00 261.65 726,078.75 1.69% S
AR 03674X106 ANTERO RESOURCES CORP 22,287.00 32.27 719,201.49 1.68% S
MTD 592688105 METTLER-TOLEDO INTERNATIONAL 624 1,146.90 715,665.60 1.67% S
NSA 637870106 NATIONAL STORAGE AFFILIATES 14,128.00 50.58 714,594.24 1.67% S
IQV 46266C105 IQVIA HOLDINGS INC 3,340.00 213.8 714,092.00 1.67% S
APA 03743Q108 APA CORP 19,538.00 36.45 712,160.10 1.66% S
MAA 59522J103 MID-AMERICA APARTMENT COMM 4,123.00 172.53 711,341.19 1.66% S
MRO 565849106 MARATHON OIL CORP 31,983.00 22.05 705,225.15 1.65% S
PDCE 69327R101 PDC ENERGY INC 11,461.00 59.86 686,055.46 1.60% S
OKE 682680103 ONEOK INC 12,542.00 54.57 684,416.94 1.60% S
FR 32054K103 FIRST INDUSTRIAL REALTY TR 13,947.00 49.07 684,379.29 1.60% S
MOH 60855R100 MOLINA HEALTHCARE INC 2,554.00 267.13 682,250.02 1.59% S
WY 962166104 WEYERHAEUSER CO 19,495.00 34.33 669,263.35 1.56% S
RHP 78377T107 RYMAN HOSPITALITY PROPERTIES 8,599.00 77.49 666,336.51 1.55% S
LAMR 512816109 LAMAR ADVERTISING CO-A 7,228.00 92.09 665,626.52 1.55% S
NVST 29415F104 ENVISTA HOLDINGS CORP 17,141.00 38.39 658,042.99 1.54% S
BRX 11120U105 BRIXMOR PROPERTY GROUP INC 31,396.00 20.86 654,920.56 1.53% S
KIM 49446R109 KIMCO REALTY CORP 31,797.00 20.14 640,391.58 1.49% S
HST 44107P104 HOST HOTELS & RESORTS INC 39,328.00 16.09 632,787.52 1.48% S
TRGP 87612G101 TARGA RESOURCES CORP 10,754.00 58.14 625,237.56 1.46% S
REXR 76169C100 REXFORD INDUSTRIAL REALTY IN 10,291.00 59.53 612,623.23 1.43% S
X9USDBLYT BLACKROCK TREASURY TRUST INSTL 62 13,817,767.09 1 13,817,767.09 32.24% MM
CASH 30,294.27 100 30,294.27 0.07% CA
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.

FUND

Performance

As of 5/31/2022

 

  NAV Market Price Return S&P 500 Index
1 Month 2.48 2.40 0.18
3 Months -5.01 -5.16 -5.16
YTD -19.41 -19.52 -12.76
1 Year -19.03 -19.13 -0.30
Since Inception (12/26/2019, Annualized) -3.56 -3.61 12.31

As of 3/31/2022

  NAV Market Price Return S&) 500 Index
1 Month 2.21 1.97 3.71
3 Months -13.28 -13.48 -4.6
YTD -13.28 -13.48 -4.6
1 Year -7.61 -7.82 15.65
Since Inception (12/26/2019, Annualized) -0.66 -0.74 17.84

Performance data quoted represents past performance and is no guarantee of future results. All Fund data and performance data quoted is believed to be accurate, and unless otherwise stated, is sourced from the Fund administrator, the Advisor’s or Sub-Advisor’s proprietary data, and Morningstar. 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.

FUND

Fees & Expenses

Management Fee 0.75%
Other Expenses 0.16%
Gross Expenses Ratio 0.91%
Fee/Expenses Recapture 0.05%
Expense Ratio 0.96%

 *The Advisor has contractually agreed to keep net expenses from exceeding 0.99% of the Fund’s average daily net assets for at least one year from the date of the prospectus.

Last Ten

Fund Distributions

    • Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund’s website at www.AdvisorShares.com. Please read the prospectus carefully before you invest. Foreside Fund Services, LLC, Distributor.

 

    • Investing Involves risk including possible loss of principal. The Advisor’s judgment about the markets, the economy, or companies may not anticipate actual market movements, economic conditions or company performance, and these factors may affect the return on your investment. The prices of equity securities rise and fall daily. These price movements may result from factors affecting individual issuers, industries or the stock market as a whole. The Fund may experience relatively high portfolio turnover, which may result in increased transaction costs and performance that is lower than expected and potentially greater tax exposure.

 

  • Shares are bought and sold at market price not net asset value (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.