DWEQ — AdvisorShares Dorsey Wright Alpha Equal Weight ETF
Data updated: 2023-05-26
DWEQ — AdvisorShares Dorsey Wright Alpha Equal Weight ETF. United States Blend / Core Equity · $29.73M AUM. Holdings, fees, performance and SEC filings.
DWEQ Fund Overview
DWEQ — AdvisorShares Dorsey Wright Alpha Equal Weight ETF is a US ETF managed by AdvisorShares Trust, categorised as United States Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: AdvisorShares Trust
- Category: United States Blend / Core Equity
- Assets under management: $29.73M
- 1-year return: -28.2%
- Ticker: DWEQ
- SEC CIK: 0001408970
- SEC series ID: S000067382
- Share class ID: C000216697
DWEQ Investment Objective and Strategy
AdvisorShares Dorsey Wright Alpha Equal Weight ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AdvisorShares Trust.
Investment objective
The AdvisorShares Dorsey Wright Alpha Equal Weight ETF (the Fund) seeks to provide long-term capital appreciation.
Principal investment strategy
The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in a concentrated portfolio of U.S. equity securities selected from a universe of the largest 1,000 U.S. equity securities based on market capitalization. The Advisor allocates the Funds portfolio using research from a disciplined and quantitative proprietary model (the U.S. Equal Weight Model) developed by Dorsey, Wright and Associates, LLC (DWA). The U.S. Equal Weight Model utilizes a two-factor approach to invest generally in the top-ranked 40-50 large-cap equity securities on an equal-weighted basis. In constructing the model, industry sectors are first measured and ranked based on their relative strength, and individual equity securities are then selected from the top three sectors.
The individual securities selections are also based on relative strength, with securities demonstrating both a buy or bullish signal and rising price momentum ranked higher by the model. The Funds portfolio is rebalanced monthly and may experience high turnover. The Funds investment focus follows a 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 Advisors 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 also may invest in repurchase agreements.
DWEQ Performance
Total returns for DWEQ (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -28.2% |
| 3 years (annualised) | -1.3% |
DWEQ Risk Information
Risk metrics for DWEQ, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.9%
DWEQ Costs and Fees
DWEQ costs about $100 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.00%
- Gross expense ratio: 1.00%
- Portfolio turnover: 495%
- Brokerage commissions: 18.99 bps of average net assets (SEC N-CEN)
DWEQ Cashflows
Over the 12 months to 2023-03, AdvisorShares Dorsey Wright Alpha Equal Weight ETF had net inflows of $11.76M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $2.91M |
| 2023-02 | $378.65K |
| 2023-01 | $190.86K |
| 2022-12 | $3.97M |
| 2022-11 | $0 |
| 2022-10 | $879.95K |
DWEQ Debt Constituents
No individual debt constituents are reported in AdvisorShares Dorsey Wright Alpha Equal Weight ETF's latest SEC N-PORT filing.
DWEQ Prospectus and SEC Filings
Official AdvisorShares Dorsey Wright Alpha Equal Weight ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-10-28
- Prospectus (485BPOS) — filed 2021-10-29
- Prospectus (485BPOS) — filed 2020-11-13
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Portfolio holdings (N-PORT) — filed 2023-02-23
- Portfolio holdings (N-PORT) — filed 2022-11-22
- Annual census (N-CEN) — filed 2022-09-08
- Annual census (N-CEN) — filed 2021-09-08
Related Funds
Other United States Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.