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AdvisorShares Dorsey Wright FSM US Core ETF
Active ETF
DWUS
Payout Change
Pending
Price as of:
$48.9053
+0.36
+0.74%
primary theme
U.S. Large-Cap Growth Equity
DWUS (ETF)
AdvisorShares Dorsey Wright FSM US Core ETF
Payout Change
Pending
Price as of:
$48.9053
+0.36
+0.74%
primary theme
U.S. Large-Cap Growth Equity
DWUS (ETF)
AdvisorShares Dorsey Wright FSM US Core ETF
Payout Change
Pending
Price as of:
$48.9053
+0.36
+0.74%
primary theme
U.S. Large-Cap Growth Equity
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
22.1%
1 yr return
33.4%
3 Yr Avg Return
6.8%
5 Yr Avg Return
N/A
Net Assets
$103 M
Holdings in Top 10
100.0%
52 WEEK LOW AND HIGH
$48.5
$37.85
$48.91
Expenses
OPERATING FEES
Expense Ratio 1.17%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
DWUS - Profile
Distributions
- YTD Total Return 22.1%
- 3 Yr Annualized Total Return 6.8%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.22%
- Dividend Yield 0.2%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAdvisorShares Dorsey Wright FSM US Core ETF
-
Fund Family NameAdvisorShares
-
Inception DateDec 26, 2019
-
Shares Outstanding2525000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDan Ahrens
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”) that is primarily a “fund of funds.” The Advisor seeks to achieve the Fund’s investment objective by investing in ETFs that invest primarily in domestic large-capitalization equity securities. During periods in which the Advisor believes the market indicates broad equity weakness and cash strength, the Fund invests in fixed income ETFs with a short or ultra-short duration, money market funds, cash and cash equivalents (“Defensive Investments”). The Fund may invest in affiliated and unaffiliated ETFs. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in U.S. investments.
The Advisor allocates the Fund’s portfolio investments using the FSM Core Solution US Core Model, a model owned and developed by Dorsey, Wright and Associates, LLC (“DWA”). The model applies a proprietary ranking system based on certain technical indicators to a pre-determined universe of US large-cap ETFs, selected by DWA. Each ETF within the universe that ranks in a top tier is included in the model. If an ETF in the portfolio no longer ranks in a top tier at the time of rebalancing, then that ETF is removed and the position is allocated to a Defensive Investment.
The Advisor uses the model to measure the relative ranking of the Fund’s core portfolio. When the model identifies broad equity weakness and cash strength, the Advisor will sell equity positions in order to allocate some or all of the portfolio to Defensive Investments. When the Fund is invested in Defensive Investments, the Advisor will shorten the Fund’s rebalancing frequency to seek to move back into equity ETF positions once the model again identifies favorable equity market conditions. While the Advisor generally expects to use the model when buying and selling investments, the Advisor has full investment discretion over the Fund’s portfolio.
The Fund’s strategy may involve frequent buying and selling securities, which may lead to relatively high portfolio turnover. The Fund also may invest in repurchase agreements.
DWUS - Performance
Return Ranking - Trailing
| Period | DWUS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.1% | 1.1% | 49.9% | 83.95% |
| 1 Yr | 33.4% | 5.8% | 72.5% | 87.65% |
| 3 Yr | 6.8%* | -27.2% | 24.8% | 45.81% |
| 5 Yr | N/A* | -13.3% | 30.8% | 64.85% |
| 10 Yr | N/A* | -4.4% | 20.0% | 81.64% |
* Annualized
Return Ranking - Calendar
| Period | DWUS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.3% | -74.1% | 72.4% | 84.34% |
| 2022 | -18.6% | -85.9% | 4.7% | 2.76% |
| 2021 | 19.8% | -52.4% | 60.5% | 15.88% |
| 2020 | 35.9% | -34.3% | 145.0% | 23.20% |
| 2019 | N/A | -6.9% | 49.4% | N/A |
Total Return Ranking - Trailing
| Period | DWUS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 22.1% | 1.1% | 49.9% | 83.95% |
| 1 Yr | 33.4% | 5.8% | 72.5% | 87.65% |
| 3 Yr | 6.8%* | -27.2% | 24.8% | 45.81% |
| 5 Yr | N/A* | -13.3% | 30.8% | N/A |
| 10 Yr | N/A* | -4.4% | 20.0% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | DWUS Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 20.6% | -4.6% | 72.4% | 92.49% |
| 2022 | -17.9% | -61.7% | 5.6% | 5.98% |
| 2021 | 20.2% | -39.8% | 118.1% | 60.07% |
| 2020 | 36.1% | 2.8% | 149.2% | 44.75% |
| 2019 | N/A | -5.2% | 49.4% | N/A |
DWUS - Holdings
Concentration Analysis
| DWUS | Category Low | Category High | DWUS % Rank | |
|---|---|---|---|---|
| Net Assets | 103 M | 292 K | 287 B | 89.12% |
| Number of Holdings | 3 | 2 | 3061 | 99.19% |
| Net Assets in Top 10 | 112 M | 126 K | 151 B | 80.65% |
| Weighting of Top 10 | 100.04% | 0.7% | 205.0% | 0.72% |
Top 10 Holdings
- Invesco QQQ Trust Series 1 50.33%
- iShares MSCI USA Momentum Factor ETF 49.45%
- BLACKROCK TREASURY TRUST 0.25%
Asset Allocation
| Weighting | Return Low | Return High | DWUS % Rank | |
|---|---|---|---|---|
| Stocks | 99.79% | 0.00% | 115.30% | 13.50% |
| Cash | 0.25% | 0.00% | 173.52% | 78.13% |
| Preferred Stocks | 0.00% | 0.00% | 10.69% | 61.48% |
| Other | 0.00% | -31.50% | 50.35% | 63.19% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 55.18% |
| Bonds | 0.00% | 0.00% | 102.71% | 56.89% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DWUS % Rank | |
|---|---|---|---|---|
| Utilities | 16.07% | 0.00% | 16.07% | 0.09% |
| Consumer Defense | 13.92% | 0.00% | 25.50% | 1.89% |
| Industrials | 13.41% | 0.00% | 30.65% | 6.31% |
| Financial Services | 12.57% | 0.00% | 43.06% | 24.89% |
| Healthcare | 11.91% | 0.00% | 39.76% | 56.00% |
| Real Estate | 8.49% | 0.00% | 16.05% | 0.45% |
| Technology | 8.06% | 0.00% | 65.70% | 98.20% |
| Consumer Cyclical | 7.58% | 0.00% | 62.57% | 92.97% |
| Communication Services | 2.78% | 0.00% | 66.40% | 94.86% |
| Basic Materials | 2.70% | 0.00% | 18.91% | 20.29% |
| Energy | 2.50% | 0.00% | 41.09% | 24.53% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DWUS % Rank | |
|---|---|---|---|---|
| US | 99.79% | 0.00% | 115.30% | 10.71% |
| Non US | 0.00% | 0.00% | 75.51% | 69.04% |
DWUS - Expenses
Operational Fees
| DWUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.17% | 0.01% | 28.71% | 31.98% |
| Management Fee | 0.75% | 0.00% | 1.50% | 82.05% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 10.28% |
| Administrative Fee | 0.03% | 0.01% | 1.02% | 2.02% |
Sales Fees
| DWUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| DWUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| DWUS Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 316.74% | N/A |
DWUS - Distributions
Dividend Yield Analysis
| DWUS | Category Low | Category High | DWUS % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.24% | 0.00% | 27.58% | 35.05% |
Dividend Distribution Analysis
| DWUS | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| DWUS | Category Low | Category High | DWUS % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.22% | -6.13% | 3.48% | 41.49% |
Capital Gain Distribution Analysis
| DWUS | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 26, 2023 | $0.118 | OrdinaryDividend |
| Dec 23, 2022 | $0.298 | OrdinaryDividend |
| Dec 23, 2021 | $0.144 | OrdinaryDividend |
| Dec 24, 2020 | $0.028 | OrdinaryDividend |
| Dec 24, 2020 | $0.040 | CapitalGainShortTerm |
DWUS - Fund Manager Analysis
Managers
Dan Ahrens
Start Date
Tenure
Tenure Rank
Jul 15, 2020
1.88
1.9%
Dan Ahrens is a Managing Director and the Chief Operating Officer of AdvisorShares Investments, LLC. He joined the Advisor in 2008. Prior to joining the firm, Mr. Ahrens founded Ahrens Advisors, L.P., an SEC-registered investment advisor. Before forming Ahrens Advisors, he was President of the MUTUALS.com Funds. During that time he also was President and Chief Compliance Officer of Mutuals Advisors, Inc. and acted as President, Treasurer and Financial & Operations Officer of an affiliated Broker Dealer firm. He is the author of Investing in Vice (St. Martin’s Press, 2004) and has appeared on numerous financial programs, including CNBC, CNN, ABC News and Bloomberg, to discuss “Vice Stocks.” He has been featured, along with funds under his management, in major national and trade publications including The Economist, New York Times, Financial Times, and The Wall Street Journal. He earned a Bachelor in Business Administration in Finance from Texas Tech University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.23 | 3.08 |
