- What does DWAW invest in?
- The AdvisorShares Dorsey Wright FSM All Cap World Equity ETF (DWAW) endeavors to generate superior returns beyond broad market benchmarks, which inherently include both thriving and struggling investments. It achieves this by employing Dorsey Wright’s proven trend-following methodology and advanced investment models, specifically designed to identify leading asset classes and divest from underperforming ones. Distinct from many passively managed ETFs that merely replicate an index—thereby holding numerous less attractive securities—DWAW benefits from an active management strategy. Its rigorous investment framework systematically assesses a wide spectrum of asset classes within the FSM All Cap World universe, making deliberate choices for their inclusion in or exclusion from its dynamic, tactical portfolio. Successfully navigating portfolio performance largely depends on judiciously allocating to or avoiding specific asset classes—be they domestic or international, small or large capitalization, growth or value-oriented, or based on particular factors or market segments. As market conditions evolve, certain asset classes fall into favor while others decline, with trends varying in duration from months to years. DWAW capitalizes on these shifts by investing in top-ranked FSM funds, aiming to capture the growth of those exhibiting the most significant relative strength while steering clear of the weakest. Moreover, DWAW integrates a systematic defensive mechanism, grounded in the belief that mitigating substantial losses is paramount for capital preservation and sustained long-term gains. This rules-based approach strategically increases the portfolio’s allocation to cash or short-term fixed income when momentum indicators signal potential market instability. This temporary defensive posture is designed to protect the portfolio from severe market downturns.
- What is the expense ratio of DWAW?
- AdvisorShares Dorsey Wright FSM All Cap World Equity ETF (DWAW) charges an expense ratio of 1.23%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is DWAW?
- AdvisorShares Dorsey Wright FSM All Cap World Equity ETF (DWAW) manages $92.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is DWAW actively managed or an index fund?
- DWAW is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (DWAW's is 1.23%) in exchange for the discretion to over- or under-weight positions.
- When was DWAW launched?
- AdvisorShares Dorsey Wright FSM All Cap World Equity ETF (DWAW) launched in December 2019 and is managed by AdvisorShares.
- How has DWAW performed?
- DWAW's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
