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(FWDB) FolioBeyond Smart Core Bond ETF

Overview

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How FWDB Works

    AdvisorShares is pleased to welcome FolioBeyond as the new research strategist for FWDB with this ETF’s recent portfolio management transition. While the ETF’s name has changed, both FWDB’s investment objective and ticker symbol remain the same. Learn more about FWDB’s institutional-quality investment approach and how it remains a compelling, core strategy for global bond diversification.
    FolioBeyond represents the next generation, institutional-quality quantitative asset management platform – intersecting a deeply experienced investment team rooted in fixed income markets with state-of-the-art financial technology. Their forward-looking integration provides a dynamic, core bond strategy enhanced by ETF structural attributes including operational and tax efficiencies.
    The AdvisorShares FolioBeyond Smart Core Bond ETF (Ticker: FWDB) features their institutional-quality portfolio management employing a quantitative process that invests without selection bias, seeking investment results that exceed the price and yield performance of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index. FWDB utilizes FolioBeyond’s advanced asset allocation process which actively invests across 20-plus distinct bond classes that cover the major sectors of the global investable fixed income universe. FWDB’s dynamic approach evaluates a multitude of factors including value measures, momentum, correlation effects and implied volatility levels to invest opportunistically and optimize risk management for its underlying portfolio.
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FWDB Fund Flash

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Fund Documents

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Performance -Month-End

FWDB Performance History (%) as of 4/30/2019

  NAV Market Price Return Barclays Capital Aggregate Bond Index
1 Month 0.54 0.54 0.03
3 Months 2.68 2.53 1.89
YTD 6.06 5.88 2.97
1 Year 4.22 4.04 5.29
3 Years 3.74 3.70 1.90
5 Years 2.96 2.88 2.57
Since Inception
(06/20/2011, Annualized)
3.44 3.41 2.81

Performance -Quarter-End

FWDB Performance History (%) as of 3/31/2019

  NAV Market Price Return Barclays Capital Aggregate Bond Index
1 Month 0.96 0.90 1.92
3 Months 5.49 5.32 2.94
YTD 5.49 5.32 2.94
1 Year 2.74 2.62 4.48
3 Years 4.00 3.94 2.03
5 Years 3.06 2.98 2.74
Since Inception
(06/20/2011, Annualized)
3.40 3.37 2.84

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 Barclays Capital Aggregate Bond Index measures the performance of the U.S. investment grade bond market. One cannot invest directly in an index.

Fund Distributions

Ex-DateRecord DatePay DateCash DivST Cap GainLT Cap GainReturn of CapitalTotal Distribution
04-25-19
04-26-19
04-30-19
$0.13524$0.00$0.00$0.00$0.13524/per share
03-26-19
03-27-19
03-29-19
$0.0549$0.00$0.00$0.00$0.0549/per share
02-27-19
02-26-19
02-28-19
$0.09991$0.00$0.00$0.00$0.09991/per share
01-28-19
01-29-19
01-31-19
$0.0598$0.00$0.00$0.00$0.0598/per share
12-27-18
12-28-18
12-31-18
$0.21309$0.00$0.00$0.00$0.21309/per share
11-27-18
11-28-18
11-30-18
$0.08102$0.00$0.00$0.00$0.08102/per share
10-26-18
10-29-18
10-31-18
$0.08280$0.00$0.00$0.00$0.08280/per share
09-26-18
09-27-18
09-28-18
$0.07112$0.00$0.00$0.00$0.07112/per share
08-27-18
08-28-18
08-31-18
$0.07137$0.00$0.00$0.00$0.07137/per share
07-26-18
07-27-18
07-31-18
$0.08970$0.00$0.00$0.00$0.08970/per share
06-25-18
06-26-18
06-29-18
$0.05981$0.00$0.00$0.00$0.05981/per share
05-25-18
05-29-18
05-31-18
$0.05280$0.00$0.00$0.00$0.05280/per share
04-25-18
04-26-18
04-30-18
$0.07451$0.00$0.00$0.00$0.07451/per share
03-26-18
03-27-18
03-29-18
$0.07236$0.00$0.00$0.00$0.07236/per share
02-26-18
02-27-18
02-28-18
$0.06982$0.00$0.00$0.00$0.06982/per share
01-26-18
01-29-18
01-31-18
$0.04004$0.00$0.00$0.00$0.04004/per share
12-27-17
12-28-17
12-29-17
$0.15045$0.00$0.00$0.00$0.15045/per share
11-28-17
11-29-17
11-30-17
$0.06965$0.00$0.00$0.00$0.06965/per share
10-27-17
10-30-17
10-31-17
$0.07670$0.00$0.00$0.00$0.07670/per share
09-26-17
09-27-17
09-29-17
$0.07043$0.00$0.00$0.00$0.07043/per share
08-25-17
08-29-17
08-31-17
$0.07108$0.00$0.00$0.00$0.07108/per share
07-26-17
07-28-17
07-31-17
$0.08397$0.00$0.00$0.00$0.08397/per share
06-23-17
06-28-17
06-30-17
$0.06664$0.00$0.00$0.00$0.06664/per share
05-23-17
05-26-17
05-31-17
$0.07443$0.00$0.00$0.00$0.07443/per share
04-21-17
04-26-17
04-28-17
$0.05085$0.00$0.00$0.00$0.05085/per share
03-24-17
03-28-17
03-31-17
$0.06088$0.00$0.00$0.00$0.06088/per share
02-23-17
02-27-17
02-28-17
$0.04998$0.00$0.00$0.00$0.04998/per share
01-25-17
01-27-17
01-31-17
$0.0046$0.00$0.00$0.00$0.0046/per share
12-23-16
12-28-16
12-30-16
$0.1624$0.00$0.00$0.00$0.1624/per share
11-23-16
11-28-16
11-30-16
$0.0653$0.00$0.00$0.00$0.0653/per share
10-25-16
10-27-16
10-31-16
$0.0724$0.00$0.00$0.00$0.0724/per share
09-26-16
09-28-16
09-30-16
$0.0655$0.00$0.00$0.00$0.0655/per share
08-25-16
08-29-16
08-31-16
$0.0699$0.00$0.00$0.00$0.0699/per share
07-25-16
07-27-16
07-29-16
$0.0529$0.00$0.00$0.00$0.0529/per share
06-24-16
06-28-16
06-30-16
$0.0618$0.00$0.00$0.00$0.0618/per share
05-24-16
05-26-16
05-31-16
$0.0671$0.00$0.00$0.00$0.0671/per share
04-25-16
04-27-16
04-29-16
$0.0637$0.00$0.00$0.00$0.0637/per share
03-24-16
03-29-16
03-31-16
$0.0682$0.00$0.00$0.00$0.0682/per share
02-23-16
02-25-16
02-29-16
$0.0505$0.00$0.00$0.00$0.0505/per share
01-25-16
01-27-16
01-29-16
$0.0111$0.00$0.00$0.00$0.0111/per share

To view FWDB's complete distribution history, please click here.

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Why Invest in FWDB

  • Portfolio Diversification - FWDB spreads its investment risk by allocating across a subset of 20-plus different bond classes which seeks to mitigate risk and deliver attractive diversification benefits not found in funds that follow the Bloomberg Barclays U.S. Aggregate Bond Index.
  • Alpha-Seeking, Quantitative Approach - Leveraging FolioBeyond’s optimization framework, FWDB’s forward-looking core bond strategy invests dynamically and without selection bias to better capture value and momentum factors while maintaining comparable risk targets relative to its benchmark.
  • Simplified Fixed Income Solution - FWDB delivers a simplified approach to fixed income investing and is designed for advisors and investors seeking a core, standalone strategy that invests across most major bond classes.

Key Attributes

  1. Optimization Framework - FWDB utilizes FolioBeyond’s advanced optimization framework which is built from over 100 years of combined experience in investment management and financial technology. The proprietary framework analyzes risk-adjusted return projections to capture the key attributes of its investable bond universe taking account of essential factors including value and momentum.
  2. Active Allocation - FWDB can dynamically invest across 20-plus distinct fixed income classes including treasuries, agencies, corporates, bank loans, mortgage-backed securities, commercial mortgage-backed securities, municipal bonds, treasury inflation protected securities, international bonds (both developed and emerging market), and real estate investment trusts. The portfolio actively maintains exposure typically among five to ten bond classes primarily using liquid ETFs.
  3. Risk Management - FWDB utilizes rigorous risk management that customizes constraints and estimates return volatility based on a combination of implied and historical volatility measures, and determines correlations across all asset classes with controlled downside risk in stressed environments.
  4. Operational & Tax Efficiency - Fully transparent FWDB incorporates tax efficiency practices in its allocation process to enhance the fund’s return.

About FolioBeyond and the Portfolio Manager

    As the firm’s name suggests, its mission goes far beyond traditional asset managers in delivering a transparent, cost-effective, and customercentric experience. The overall goal is to provide advanced asset management solutions that leverage automation and technology. FolioBeyond was created by entrepreneurs and experts in investment management and financial technology. But most importantly, FolioBeyond is designed by experienced professionals who saw flaws in existing automated services and quantitative practices as well as inefficiencies in traditional wealth management platforms. FolioBeyond seeks to provide a high quality alternative by creating a service based on accuracy, transparency and no hidden fees or any secret agendas in helping institutions, advisors and individual investors reach their financial goals.

Yung Lim – Research Strategist

      Yung Lim is the CEO of FolioBeyond, LLC, where he manages the next generation, institutional-quality automated asset management platform. He has over thirty years of experience in the fixed income markets primarily focused on investment management, risk management, and quantitative trading strategies. During the past 16+ years at Treesdale Partners as co-founder, he has overseen the firm’s multi-manager and direct investment funds, managing alternative strategies for major institutional investors with peak AUM of $2.3 billion. Previously, Mr. Lim founded Pedestal in 1997 to provide a comprehensive electronic platform serving the mortgage market, funded by Reuters, Deutsche Bank, and Battery Ventures. He also was a senior consultant at Andrew Davidson & Co., a premier consulting firm specializing in structured products, where he advised major financial institutions and developed advanced analytical tools. Early in his career, Mr. Lim was a vice president at Merrill Lynch and in charge of its mortgage desk, typically overseeing $5 billion in inventory. Mr. Lim has co-authored a book on advanced valuation and analysis techniques for mortgage securities titled Collateralized Mortgage Obligations, by Davidson, Ho, and Lim. Mr. Lim has an M.B.A. from the University of Chicago and a B.S. in Electrical Engineering from the California Institute of Technology.

Robert M. Parker, CFA  Portfolio Manager

      Rob Parker is the director of capital markets for AdvisorShares, where he oversees trading, portfolio management and fund operations activity for the firm. In managing FWDB, he leverages the research of Yung Lim and the FolioBeyond investment management team. Rob’s professional career has spanned over a decade and a half within the financial services industry, where he has worked across compliance, due diligence, and investment analysis as well as positions of senior portfolio manager and firm principal. Rob managed assets for a proprietary investment practice that he created after serving as senior portfolio manager at ProShares Advisors, where he managed leveraged, inverse, and long-short ETFs. Rob previously held positions held at Capital Financial Group, Wachovia Securities, The Advisors Group, and FOLIOfn, serving in a variety of analyst roles. He is a graduate of National University, earning a Bachelor of Science. He holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Society of Washington, DC. Before
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Price History

As of: 05/27/2019
NAV$25.41Closing Price$25.41
Change$-0.01Change$-0.01
Shares Outstanding225,000Volume33
4PM Bid/Offer Midpoint$25.41Premium/Discount$0.00
Assets Under Management$5,716,203.50
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. Holdings and allocations are subject to risks and to change.

Fund Basics

  • Symbol

    FWDB

  • Exchange

    NYSE Arca

  • Inception Date

    06/20/2011

  • CUSIP

    00768Y834

  • Indicative Value

    FWDB.IV

  • Options

    No

Fees & Expenses

  • Management Fee

    0.50%

  • Other Expenses

    0.72%

  • Acquired Fund Fees

    0.46%

  • Gross Expense Ratio

    1.68%

  • Fee Waiver and/or Expense Reimbursement

    -0.27%

  • Net Expense Ratio

    1.41%*

  • *The Advisor has contractually agreed to keep net expenses from exceeding 0.95% of the Fund’s average daily net assets for at least one year from the date of the prospectus and for successive one-year periods thereafter unless the agreement is terminated. This agreement is limited to the Fund’s direct operating expenses and, therefore, does not apply to “Acquired Fund Fees and Expenses.”