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

12/1/2022
NAV $20.59
Change $-0.09
Shares Outstanding 2,055,000
Assets Under Management $42,319,254.91

 

 

 

 

Market Data

11/30/2022
Closing Price $20.65
Close Change $0.39
Volume 01

Regulatory Data

11/30/2022
Premium Discount $-0.02
30-Day Median bid-ask Spread 0.002501
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 10/31/2022

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
12/01/2022 DWEQ SRPT 803607100 SAREPTA THERAPEUTICS INC 9,050.00 122.98 1,112,969.00 2.63% S
HALO 40637H109 HALOZYME THERAPEUTICS INC 19,200.00 57.4 1,102,080.00 2.61% S
PCG 69331C108 P G & E CORP 70,400.00 15.62 1,099,648.00 2.60% S
TMO 883556102 THERMO FISHER SCIENTIFIC INC 1,920.00 564.56 1,083,955.20 2.56% S
WMB 969457100 WILLIAMS COS INC 31,006.00 34.92 1,082,729.52 2.56% S
AWK 030420103 AMERICAN WATER WORKS CO INC 7,019.00 154.01 1,080,996.19 2.56% S
VST 92840M102 VISTRA CORP 43,990.00 24.53 1,079,074.70 2.55% S
OKE 682680103 ONEOK INC 16,046.00 67.2 1,078,291.20 2.55% S
BHVN G1110E107 BIOHAVEN LTD 65,100.00 16.53 1,076,103.00 2.55% FS
REGN 75886F107 REGENERON PHARMACEUTICALS 1,411.00 761.24 1,074,109.64 2.54% S
LLY 532457108 ELI LILLY & CO 2,900.00 370.33 1,073,957.00 2.54% S
LNG 16411R208 CHENIERE ENERGY INC 6,110.00 175.53 1,072,488.30 2.54% S
KMI 49456B101 KINDER MORGAN INC 56,000.00 19.15 1,072,400.00 2.54% S
IDXX 45168D104 IDEXX LABORATORIES INC 2,440.00 439.17 1,071,574.80 2.54% S
AM 03676B102 ANTERO MIDSTREAM CORP 94,600.00 11.31 1,069,926.00 2.53% S
AES 00130H105 AES CORP 37,250.00 28.72 1,069,820.00 2.53% S
AMN 001744101 AMN HEALTHCARE SERVICES INC 8,750.00 122.15 1,068,812.50 2.53% S
UNH 91324P102 UNITEDHEALTH GROUP INC 1,990.00 536.91 1,068,450.90 2.53% S
MTD 592688105 METTLER-TOLEDO INTERNATIONAL 715 1,490.33 1,065,585.95 2.52% S
CNP 15189T107 CENTERPOINT ENERGY INC 34,252.00 31.03 1,062,839.56 2.51% S
NEE 65339F101 NEXTERA ENERGY INC 12,500.00 84.83 1,060,375.00 2.51% S
ACHC 00404A109 ACADIA HEALTHCARE CO INC 12,100.00 87.62 1,060,202.00 2.51% S
DVN 25179M103 DEVON ENERGY CORP 15,489.00 68.28 1,057,588.92 2.50% S
DTM 23345M107 DT MIDSTREAM INC 17,500.00 60.36 1,056,300.00 2.50% S
CHE 16359R103 CHEMED CORP 2,030.00 519.02 1,053,610.60 2.49% S
MCK 58155Q103 MCKESSON CORP 2,760.00 379.72 1,048,027.20 2.48% S
UTHR 91307C102 UNITED THERAPEUTICS CORP 3,800.00 275.61 1,047,318.00 2.48% S
NFG 636180101 NATIONAL FUEL GAS CO 16,060.00 65.18 1,046,790.80 2.48% S
NRG 629377508 NRG ENERGY INC 24,640.00 42.13 1,038,083.20 2.46% S
OVV 69047Q102 OVINTIV INC 18,900.00 54.51 1,030,239.00 2.44% S
MRO 565849106 MARATHON OIL CORP 34,230.00 30.09 1,029,980.70 2.44% S
CEG 21037T109 CONSTELLATION ENERGY 10,890.00 94.47 1,028,778.30 2.43% S
MTDR 576485205 MATADOR RESOURCES CO 15,533.00 65.66 1,019,896.78 2.41% S
TPL 88262P102 TEXAS PACIFIC LAND CORP 398 2,558.30 1,018,203.40 2.41% S
MUR 626717102 MURPHY OIL CORP 22,130.00 46 1,017,980.00 2.41% S
MEDP 58506Q109 MEDPACE HOLDINGS INC 4,720.00 215.54 1,017,348.80 2.41% S
CHRD 674215207 CHORD ENERGY CORP 6,889.00 147.19 1,013,991.91 2.40% S
OXY 674599105 OCCIDENTAL PETROLEUM CORP 14,730.00 68.8 1,013,424.00 2.40% S
PDCE 69327R101 PDC ENERGY INC 13,877.00 71.46 991,650.42 2.35% S
SWN 845467109 SOUTHWESTERN ENERGY CO 144,450.00 6.75 975,037.50 2.31% S
X9USDBLYT BLACKROCK TREASURY TRUST INSTL 62 109,949.04 1 109,949.04 0.26% MM
CASH -30,507.01 100 -30,507.01 -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 9/30/2022

 

  NAV Market Price Return S&P 500 Index
1 Month 6.73 6.69 8.10
3 Months -6.99 -6.72 -5.86
YTD -27.80 -27.95 -17.70
1 Year -28.65 -28.88 -14.61
Since Inception (12/26/2019, Annualized) -6.72 -6.77 8.17

As of 9/30/2022

  NAV Market Price Return S&) 500 Index
1 Month -9.86 -9.36 -9.21
3 Months -8.25 -8.17 -4.88
YTD -32.35 -32.47 -23.87
1 Year -26.22 -26.29 -15.47
Since Inception (12/26/2019, Annualized) -9.08 -9.13 5.42

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 0.24%
Acquired Fund Fees and Expenses 0.01%
Expense Ratio 1.00%

*Total Annual Operating Expenses and Total Annual Operating Expenses After Waiver/Reimbursement in this fee table may not correlate to the expense ratios in the Fund’s financial highlights. For more information, please read the full 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.