- What does DWUS invest in?
- The AdvisorShares Dorsey Wright FSM U.S. Core ETF (DWUS) aims to achieve alpha, or superior returns, by complementing broad market exposures with a more discerning approach. Unlike typical index funds that inherently include both strong and weak companies, DWUS leverages Dorsey Wright's time-tested trend-following methodology and advanced investment modeling. This process is designed to pinpoint the most robust U.S. large-capitalization equity investments while systematically avoiding those exhibiting underperformance. DWUS distinguishes itself through its proactive, active management. Many exchange-traded funds simply mirror a benchmark index, thereby holding every stock within it, even those with less appealing investment characteristics. In contrast, DWUS's investment strategy involves a consistent and systematic evaluation of the U.S. large-cap equity universe. This rigorous screening dictates which asset classes are strategically included in, or removed from, its highly dynamic and tactical portfolio. Understanding that various investment styles cycle through periods of favor and disfavor, successful domestic core equity management necessitates agile adaptation. Factors such as equal-weighting, market-cap weighting, growth, value, low volatility, and momentum all play a critical role in determining performance. DWUS addresses this by allocating capital to the highest-ranking funds within its investment universe. This approach seeks to capitalize on the growth of U.S. large-cap equity styles demonstrating the strongest relative strength, while strategically sidestepping those that are lagging. A cornerstone of the DWUS strategy is its systematic defense mechanism. The fund operates under the conviction that mitigating significant losses is paramount for capital preservation and contributing to better long-term performance. Consequently, DWUS employs a rules-based framework that allows it to tactically shift a portion of its portfolio into cash or short-term fixed income when a pre-defined defensive indicator is triggered. This temporary defensive stance is engineered to provide a buffer against extreme and potentially severe market downturns.
- What is the expense ratio of DWUS?
- AdvisorShares Dorsey Wright FSM U.S. Core ETF (DWUS) charges an expense ratio of 1.08%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is DWUS?
- AdvisorShares Dorsey Wright FSM U.S. Core ETF (DWUS) manages $122.1M 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 DWUS actively managed or an index fund?
- DWUS is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (DWUS's is 1.08%) in exchange for the discretion to over- or under-weight positions.
- When was DWUS launched?
- AdvisorShares Dorsey Wright FSM U.S. Core ETF (DWUS) launched in December 2019 and is managed by AdvisorShares.
- How has DWUS performed?
- DWUS'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.
