AdvisorShares Dorsey Wright Micro-Cap ETF
Name
As of 10/20/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-5.1%
1 yr return
1.5%
3 Yr Avg Return
10.3%
5 Yr Avg Return
7.0%
Net Assets
$5 M
Holdings in Top 10
20.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.95%
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 10/20/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
DWMC - Profile
Distributions
- YTD Total Return -5.1%
- 3 Yr Annualized Total Return 10.3%
- 5 Yr Annualized Total Return 7.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.12%
- Dividend Yield 0.8%
- Dividend Distribution Frequency None
Fund Details
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Legal NameAdvisorShares Dorsey Wright Micro-Cap ETF
-
Fund Family NameAdvisorShares
-
Inception DateJul 10, 2018
-
Shares Outstanding245000
-
Share ClassN/A
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CurrencyUSD
-
Domiciled CountryUS
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ManagerJohn Lewis
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing primarily in U.S.-traded equity securities consisting of common and preferred stock and American Depositary Receipts (“ADRs”). ADRs are securities traded on a local exchange stock exchange that represent interests in securities issued by a foreign publicly listed company. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in micro-cap securities. Dorsey, Wright & Associates, LLC (the “Sub-Advisor”) generally defines a micro-cap company as one having a market capitalization under one billion dollars. In choosing micro-cap securities, the Sub-Advisor creates an investable universe of securities consisting of companies included in the lower half of the Russell 2000 Index based on market capitalization and an additional 1,000 companies with low market capitalizations that are not included in the Russell 2000 Index. This universe of investable securities is limited by certain liquidity screens such as a threshold based on a security’s three-month average dollar volume traded.
The Fund’s investment focus follows the Sub-Advisor’s core philosophy of relative strength. Relative strength investing involves buying securities that have appreciated in price more than the other securities in the investment universe and holding those securities until they underperform. The strategy is entirely based on market movement of the securities and there is no company fundamental data involved in the analysis. The Sub-Advisor’s process is systematic and removes emotion from the day-to-day decision making. In implementing the strategy, stock selection is strictly based on identifying the highest ranked securities as measured by the relative strength investment process. The Fund’s strategy may frequently involve buying and selling securities, which may lead to relatively high portfolio turnover.
DWMC - Performance
Return Ranking - Trailing
Period | DWMC Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -5.1% | -16.8% | 122.9% | 96.43% |
1 Yr | 1.5% | -23.2% | 118.2% | 35.20% |
3 Yr | 10.3%* | -17.8% | 64.7% | 2.26% |
5 Yr | 7.0%* | -5.9% | 42.3% | 38.58% |
10 Yr | N/A* | -1.3% | 22.9% | 45.64% |
* Annualized
Return Ranking - Calendar
Period | DWMC Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -16.4% | -82.1% | 32.2% | 2.41% |
2022 | 38.2% | -90.6% | 300.1% | 1.05% |
2021 | 18.0% | -63.0% | 127.9% | 84.09% |
2020 | 29.2% | -7.7% | 42.9% | 18.10% |
2019 | N/A | -54.2% | 13.6% | N/A |
Total Return Ranking - Trailing
Period | DWMC Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -5.1% | -16.8% | 122.9% | 96.43% |
1 Yr | 1.5% | -23.2% | 118.2% | 35.20% |
3 Yr | 10.3%* | -17.8% | 64.7% | 2.26% |
5 Yr | 7.0%* | -5.9% | 42.3% | 38.58% |
10 Yr | N/A* | -1.3% | 22.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | DWMC Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -15.8% | -59.9% | 44.3% | 4.83% |
2022 | 38.8% | -17.7% | 411.9% | 2.61% |
2021 | 18.0% | 1.5% | 173.4% | 94.03% |
2020 | 29.3% | 5.5% | 55.3% | 47.39% |
2019 | N/A | -32.3% | 25.6% | N/A |
DWMC - Holdings
Concentration Analysis
DWMC | Category Low | Category High | DWMC % Rank | |
---|---|---|---|---|
Net Assets | 5 M | 183 K | 28.5 B | 98.82% |
Number of Holdings | 160 | 7 | 1189 | 17.31% |
Net Assets in Top 10 | 1 M | 56.1 K | 2.89 B | 98.32% |
Weighting of Top 10 | 20.70% | 0.2% | 100.1% | 61.78% |
Top 10 Holdings
- Dreyfus Institutional Preferred Government Money Market Fund 6.31%
- Invesco Government Agency Portfolio 2.06%
- Bel Fuse Inc 1.90%
- Steel Partners Holdings LP 1.87%
- Permian Basin Royalty Trust 1.81%
- Veritiv Corp 1.50%
- Cymabay Therapeutics Inc 1.40%
- UFP Technologies Inc 1.35%
- Modine Manufacturing Co 1.30%
- Preformed Line Products Co 1.20%
Asset Allocation
Weighting | Return Low | Return High | DWMC % Rank | |
---|---|---|---|---|
Stocks | 99.16% | 0.97% | 102.34% | 16.81% |
Cash | 8.36% | 0.00% | 99.03% | 10.25% |
Preferred Stocks | 0.00% | 0.00% | 4.84% | 65.21% |
Other | 0.00% | -0.08% | 5.27% | 72.61% |
Convertible Bonds | 0.00% | 0.00% | 1.57% | 61.34% |
Bonds | 0.00% | 0.00% | 5.49% | 60.34% |
Stock Sector Breakdown
Weighting | Return Low | Return High | DWMC % Rank | |
---|---|---|---|---|
Financial Services | 22.74% | 0.00% | 42.95% | 2.02% |
Energy | 22.07% | 0.00% | 55.49% | 1.01% |
Industrials | 20.35% | 0.00% | 36.64% | 17.98% |
Basic Materials | 10.30% | 0.00% | 10.30% | 0.17% |
Consumer Cyclical | 8.84% | 0.00% | 40.68% | 86.22% |
Technology | 5.25% | 2.91% | 75.51% | 99.66% |
Real Estate | 4.51% | 0.00% | 15.31% | 20.67% |
Communication Services | 3.00% | 0.00% | 15.31% | 35.13% |
Healthcare | 1.92% | 0.00% | 47.90% | 98.82% |
Consumer Defense | 1.01% | 0.00% | 13.56% | 91.93% |
Utilities | 0.00% | 0.00% | 5.57% | 72.10% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | DWMC % Rank | |
---|---|---|---|---|
US | 99.16% | 0.97% | 102.34% | 14.96% |
Non US | 0.00% | 0.00% | 61.22% | 68.91% |
DWMC - Expenses
Operational Fees
DWMC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.95% | 0.05% | 13.86% | 13.30% |
Management Fee | 0.75% | 0.05% | 1.62% | 39.90% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 14.85% |
Administrative Fee | 0.03% | 0.01% | 0.40% | 3.77% |
Sales Fees
DWMC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
DWMC 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.
DWMC Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 3.00% | 439.00% | 84.92% |
DWMC - Distributions
Dividend Yield Analysis
DWMC | Category Low | Category High | DWMC % Rank | |
---|---|---|---|---|
Dividend Yield | 0.83% | 0.00% | 4.13% | 1.34% |
Dividend Distribution Analysis
DWMC | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Annual | Annual |
Net Income Ratio Analysis
DWMC | Category Low | Category High | DWMC % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.12% | -4.08% | 1.10% | 10.39% |
Capital Gain Distribution Analysis
DWMC | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 30, 2022 | $0.256 | OrdinaryDividend |
Dec 31, 2021 | $0.159 | OrdinaryDividend |
Dec 31, 2019 | $0.018 | OrdinaryDividend |
DWMC - Fund Manager Analysis
Managers
John Lewis
Start Date
Tenure
Tenure Rank
Jul 10, 2018
3.89
3.9%
John Lewis is a Senior Portfolio manager with Nasdaq Dorsey Wright. In this role, John is responsible for the investment strategies used in various different indexes and models. Since joining Dorsey Wright in 2002, John continues to develop strategies for the firm’s Systematic Relative Strength series of separate accounts, the Technical Leaders Index methodology, global asset allocation strategies, and multiple series of UITs. His work is technically-driven and focuses on relative strength and momentum as the main factors in the investment process. John continuously authors research on relative strength investing and has become one of the foremost experts on the subject. He is a Chartered Market Technician (CMT) and a member of the Market Technician’s Association and the American Association of Professional Technical Analysts.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 30.44 | 9.05 | 5.25 |