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

As of 9/23/2021

NAV $27.80 Closing Price $27.81
Change $0.34 Close Change $0.36
Shares Outstanding 2,950,000 Volume 3,306
4PM Bid/Offer Midpoint $27.80 Premium Discount $0.00
Assets Under Management $82,006,045.39 30-Day Median bid-ask Spread -
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 7/31/2021

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
09/24/2021 DWEQ MDB 60937P106 MONGODB INC 5,292.00 508.04 2,688,547.68 3.31% S
HUBS 443573100 HUBSPOT INC 3,268.00 732.14 2,392,633.52 2.94% S
ODFL 679580100 OLD DOMINION FREIGHT LINE 7,475.00 302.97 2,264,700.75 2.78% S
ZS 98980G102 ZSCALER INC 8,037.00 279.99 2,250,279.63 2.77% S
MPWR 609839105 MONOLITHIC POWER SYSTEMS INC 4,316.00 517.92 2,235,342.72 2.75% S
CROX 227046109 CROCS INC 14,200.00 156.3 2,219,460.00 2.73% S
INTU 461202103 INTUIT INC 3,780.00 577.92 2,184,537.60 2.69% S
EPAM 29414B104 EPAM SYSTEMS INC 3,468.00 629.47 2,183,001.96 2.68% S
TPX 88023U101 TEMPUR SEALY INTERNATIONAL I 44,100.00 49.37 2,177,217.00 2.68% S
GNRC 368736104 GENERAC HOLDINGS INC 4,864.00 444.61 2,162,583.04 2.66% S
NVDA 67066G104 NVIDIA CORP 9,690.00 220.81 2,139,648.90 2.63% S
NET 18915M107 CLOUDFLARE INC - CLASS A 16,324.00 130.36 2,127,996.64 2.62% S
APH 032095101 AMPHENOL CORP-CL A 27,120.00 77.49 2,101,528.80 2.58% S
AVGO 11135F101 BROADCOM INC 4,110.00 504.92 2,075,221.20 2.55% S
ETSY 29786A106 ETSY INC 9,300.00 222.85 2,072,505.00 2.55% S
CMG 169656105 CHIPOTLE MEXICAN GRILL INC 1,060.00 1,937.22 2,053,453.20 2.52% S
BURL 122017106 BURLINGTON STORES INC 6,700.00 304.86 2,042,562.00 2.51% S
BBWI 070830104 BATH & BODY WORKS INC 30,300.00 67.39 2,041,917.00 2.51% S
TT G8994E103 TRANE TECHNOLOGIES PLC 11,095.00 183.24 2,033,047.80 2.50% FS
RH 74967X103 RH 2,950.00 686.68 2,025,706.00 2.49% S
HON 438516106 HONEYWELL INTERNATIONAL INC 9,084.00 219.19 1,991,121.96 2.45% S
IEX 45167R104 IDEX CORP 9,159.00 216.68 1,984,572.12 2.44% S
WSO 942622200 WATSCO INC 7,144.00 277.57 1,982,960.08 2.44% S
ZBRA 989207105 ZEBRA TECHNOLOGIES CORP-CL A 3,528.00 559.48 1,973,845.44 2.43% S
ADBE 00724F101 ADOBE INC 3,150.00 622.71 1,961,536.50 2.41% S
ROK 773903109 ROCKWELL AUTOMATION INC 6,418.00 302.57 1,941,894.26 2.39% S
DPZ 25754A201 DOMINO'S PIZZA INC 3,950.00 489.84 1,934,868.00 2.38% S
SCI 817565104 SERVICE CORP INTERNATIONAL 31,600.00 61.22 1,934,552.00 2.38% S
AMD 007903107 ADVANCED MICRO DEVICES 18,270.00 105.8 1,932,966.00 2.38% S
WMS 00790R104 ADVANCED DRAINAGE SYSTEMS IN 17,678.00 108.65 1,920,714.70 2.36% S
YUM 988498101 YUM! BRANDS INC 15,300.00 125.52 1,920,456.00 2.36% S
POOL 73278L105 POOL CORP 4,100.00 465.49 1,908,509.00 2.35% S
AXON 05464C101 AXON ENTERPRISE INC 10,460.00 179.75 1,880,185.00 2.31% S
AOS 831865209 SMITH (A.O.) CORP 29,209.00 64.06 1,871,128.54 2.30% S
CARR 14448C104 CARRIER GLOBAL CORP 34,700.00 53.12 1,843,264.00 2.27% S
NKE 654106103 NIKE INC -CL B 12,200.00 149.59 1,824,998.00 2.24% S
TTC 891092108 TORO CO 18,205.00 98.4 1,791,372.00 2.20% S
GME 36467W109 GAMESTOP CORP-CLASS A 9,450.00 185.16 1,749,762.00 2.15% S
VRT 92537N108 VERTIV HOLDINGS CO 70,460.00 23.83 1,679,061.80 2.06% S
ENPH 29355A107 ENPHASE ENERGY INC 10,644.00 153.66 1,635,557.04 2.01% S
X9USDBLYT BLACKROCK TREASURY TRUST INSTL 62 228,297.69 1 228,297.69 0.28% MM
CASH -17,112.22 100 -17,112.22 -0.02% 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 8/31/2021

 

  NAV Market Price Return S&P 500 Index
1 Month 2.11 2.02 3.04
3 Months -1.88 -1.94 7.95
YTD 0.18 0.25 21.58
1 Year 14.67 14.55 31.17
Since Inception (12/26/2019, Annualized) 6.38 6.35 23.98

As of 6/30/2021

  NAV Market Price Return S&) 500 Index
1 Month -1.81 -1.66 2.33
3 Months 4.13 4.26 8.55
YTD 0.25 0.54 15.25
1 Year 36.36 36.52 40.79
Since Inception (12/26/2019, Annualized) 7.17 7.29 22.61

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 0.44%
Gross Expenses Ratio 1.23%
Fee Waiver and/or Expense Reimbursement -0.20%
Expense Ratio 1.03%

 

 

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.