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
Dan Ahrens is managing director and chief operating officer of AdvisorShares, and also portfolio manager of the AdvisorShares Vice ETF (Ticker: ACT). Dan carries over two decades of experience in the financial services industry serving in a variety of senior-level capacities. He founded Ahrens Advisors, L.P., an SEC-registered investment advisor, where he was portfolio manager of the Ladenburg Thalmann Gaming and Casino Fund. Dan also served as president of the MUTUALS.com Funds, where he launched the Vice Fund (VICEX) and served as its original portfolio manager. He was also the portfolio manager of the Generation Wave Growth Fund (GWGFX). During that time, he was also president and chief compliance officer of Mutuals Advisors, Inc, and acted as president, treasurer and financial & operations officer of an affiliated broker dealer firm. Dan is the author of “Investing in Vice” (St. Martin’s Press, 2004) and has appeared prominently across financial media outlets and major national and trade publications. He earned a Bachelor in Business Administration in Finance from Texas Tech University.

Fund

Price History

As of 6/11/2021

NAV $28.07 Closing Price $28.04
Change $0.16 Close Change $0.12
Shares Outstanding 2,910,000 Volume 2
4PM Bid/Offer Midpoint $28.06 Premium Discount $-0.02
Assets Under Management $81,678,497.49 30-Day Median bid-ask Spread 0.0024757
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 4/30/2021

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
06/11/2021 DWEQ TRGP 87612G101 TARGA RESOURCES CORP 51,131.00 46.93 2,399,577.83 2.94% S
ARES 03990B101 ARES MANAGEMENT CORP - A 37,076.00 59.29 2,198,236.04 2.69% S
BX 09260D107 BLACKSTONE GROUP INC/THE 22,332.00 95.41 2,130,696.12 2.61% S
MPC 56585A102 MARATHON PETROLEUM CORP 33,586.00 63.18 2,121,963.48 2.60% S
EQT 26884L109 EQT CORP 92,138.00 23.02 2,121,016.76 2.60% S
HEI 422806109 HEICO CORP 14,754.00 143.34 2,114,838.36 2.59% S
APO 03768E105 APOLLO GLOBAL MANAGEMENT INC 36,587.00 57.79 2,114,362.73 2.59% S
TT G8994E103 TRANE TECHNOLOGIES PLC 11,365.00 185.23 2,105,138.95 2.58% FS
SLB 806857108 SCHLUMBERGER LTD 60,189.00 34.89 2,099,994.21 2.57% FS
KKR 48251W104 KKR & CO INC 37,002.00 56.50 2,090,613.00 2.56% S
HON 438516106 HONEYWELL INTERNATIONAL INC 9,264.00 225.18 2,086,067.52 2.55% S
HES 42809H107 HESS CORP 23,208.00 89.68 2,081,293.44 2.55% S
BLDR 12008R107 BUILDERS FIRSTSOURCE INC 47,362.00 43.86 2,077,297.32 2.54% S
TDG 893641100 TRANSDIGM GROUP INC 3,138.00 661.94 2,077,167.72 2.54% S
PXD 723787107 PIONEER NATURAL RESOURCES CO 12,709.00 162.90 2,070,296.10 2.53% S
DFS 254709108 DISCOVER FINANCIAL SERVICES 16,788.00 123.15 2,067,442.20 2.53% S
BKR 05722G100 BAKER HUGHES CO 79,629.00 25.91 2,063,187.39 2.53% S
ITW 452308109 ILLINOIS TOOL WORKS 8,860.00 232.75 2,062,165.00 2.52% S
EOG 26875P101 EOG RESOURCES INC 24,115.00 85.44 2,060,385.60 2.52% S
HAL 406216101 HALLIBURTON CO 85,639.00 24.03 2,057,905.17 2.52% S
SBNY 82669G104 SIGNATURE BANK 8,262.00 248.33 2,051,702.46 2.51% S
CLR 212015101 CONTINENTAL RESOURCES INC/OK 57,412.00 35.53 2,039,848.36 2.50% S
OMF 68268W103 ONEMAIN HOLDINGS INC 34,388.00 59.30 2,039,208.40 2.50% S
AJG 363576109 ARTHUR J GALLAGHER & CO 14,021.00 144.61 2,027,576.81 2.48% S
ALLY 02005N100 ALLY FINANCIAL INC 36,764.00 54.79 2,014,299.56 2.47% S
WSO 942622200 WATSCO INC 7,048.00 285.72 2,013,754.56 2.47% S
APA 03743Q108 APA CORP 88,328.00 22.63 1,998,862.64 2.45% S
IEX 45167R104 IDEX CORP 9,031.00 220.25 1,989,077.75 2.44% S
AOS 831865209 SMITH (A.O.) CORP 28,809.00 68.94 1,986,092.46 2.43% S
UHAL 023586100 AMERCO 3,575.00 554.59 1,982,659.25 2.43% S
CBSH 200525103 COMMERCE BANCSHARES INC 26,349.00 75.22 1,981,971.78 2.43% S
SNA 833034101 SNAP-ON INC 8,216.00 238.88 1,962,638.08 2.40% S
SIVB 78486Q101 SVB FINANCIAL GROUP 3,488.00 561.79 1,959,523.52 2.40% S
ODFL 679580100 OLD DOMINION FREIGHT LINE 7,771.00 251.03 1,950,754.13 2.39% S
WAL 957638109 WESTERN ALLIANCE BANCORP 20,037.00 97.23 1,948,197.51 2.39% S
DVN 25179M103 DEVON ENERGY CORP 66,033.00 29.29 1,934,106.57 2.37% S
TTC 891092108 TORO CO 18,035.00 105.59 1,904,315.65 2.33% S
WMS 00790R104 ADVANCED DRAINAGE SYSTEMS IN 17,778.00 105.06 1,867,756.68 2.29% S
SAIA 78709Y105 SAIA INC 9,007.00 205.66 1,852,379.62 2.27% S
SITE 82982L103 SITEONE LANDSCAPE SUPPLY INC 11,276.00 161.66 1,822,878.16 2.23% S
X9USDBLYT BLACKROCK TREASURY TRUST INSTL 62 161,787.25 1.00 161,787.25 0.20% MM
CASH (6,878.22) 100.00 0.00 -0.01% 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 5/31/2021

  NAV Market Price Return S&P 500 Index
1 Month 0.56 0.39 0.70
3 Months 1.62 1.47 10.72
YTD 2.10 2.23 12.62
Since Inception (12/26/2019, Annualized) 8.98 8.99 22.07

As of 3/31/2021

  NAV Market Price Return S&) 500 Index
1 Month -4.18 -4.29 4.38
3 Months -3.73 -3.57 6.17
YTD -3.73 -3.57 6.17
Since Inception (12/26/2019, Annualized) 5.22 5.25 19.61

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.