DWEQ Fees and Costs — AdvisorShares Dorsey Wright Alpha Equal Weight ETF
Data updated: 2023-05-26
The net expense ratio is 1.00%: a 0.75% management fee plus 0.24% other expenses. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $126K in broker commissions, 0.1899% of average net assets, and portfolio turnover was 495%.
DWEQ Fees and Expenses
Annual operating expenses and sales charges of DWEQ. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.00% |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DWEQ Costs Over Time
On $10,000 invested in DWEQ, assuming 5% a year before costs, total costs come to $741 over 5 years, cutting the return by 1.25% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.00%) | $105 | $327 | $566 |
| Trading costs (broker commissions) | $20 | $62 | $107 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $125 | $408 | $741 |
| Value after costs | $10,375 | $11,168 | $12,021 |
| Impact on return, per year | 1.25% | 1.25% | 1.25% |
DWEQ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1899%
- Total broker commissions: $126K
- Bought from dealers (principal trades, not a cost): $154.2M
- Portfolio turnover (prospectus): 495%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $2K (0.003% of average net assets)
DWEQ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $126K | 100.00% |
DWEQ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $135.5M | 87.91% |
| CITADEL SECURITIES LLC | $16.6M | 10.76% |
| BOFA SECURITIES, INC. | $2.0M | 1.33% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.