DWMC: 3rd Quarter 2021 Portfolio Review
Strategy
Performance
Holdings
Top 10 Holdings
| Ticker | Security Description | Portfolio Weight % |
| OPRX | OPTIMIZERX CORP | 1.66% |
| DAC | DANAOS CORP | 1.53% |
| CALX | CALIX INC | 1.50% |
| XPEL | XPEL INC | 1.50% |
| KRNT | KORNIT DIGITAL LTD | 1.47% |
| ORMP | ORAMED PHARMACEUTICALS INC | 1.27% |
| JYNT | JOINT CORP/THE | 1.25% |
| CAMT | CAMTEK LTD | 1.25% |
| IDT | IDT CORP-CLASS B | 1.21% |
| SD | SANDRIDGE ENERGY INC | 1.13% |
As of 09.30.2021. Cash is not included.
Sector
The portfolio saw a significant number of shifts this quarter as trends that have driven the portfolio through the start of the year began to break down. Consumer Cyclicals was the largest decrease over the quarter while Financials saw the single largest increase. The decrease in Consumer Cyclicals comes in line with its underperformance this quarter and the strength or stability that Financials have shown. Overall, the portfolios small Energy exposure was the driving factor in the portfolio’s outperformance.
As of 09.30.2021.
Allocation Changes
As of 09.30.2021.
John G. Lewis
Nasdaq Dorsey Wright
AdvisorShares Dorsey Wright Micro Cap ETF (DWMC) Portfolio Manager
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 www.advisorshares.com. Please read the prospectus carefully before you invest. Foreside Fund Services, LLC, distributor.
The Fund is subject to a number of risks that may affect the value of its shares, including the possible loss of principal. Stock prices of microcap companies are significantly more volatile, and more vulnerable to adverse business and economic developments, than those of larger companies. Micro-cap stocks may also be thinly traded, making it difficult for the Fund to buy and sell them. There is no guarantee that the Fund will achieve its investment objective.
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.
Holdings and allocations are subject to risks and to change.
The views in this commentary are those of the portfolio manager and may not reflect his views on the date this material is distributed or anytime thereafter. These views are intended to assist shareholders in understanding their investments and do not constitute investment advice.