DWMC — AdvisorShares Dorsey Wright Small Company ETF
Data updated: 2023-11-21
DWMC — AdvisorShares Dorsey Wright Small Company ETF. Developed ex-US Small Cap Blend / Core Equity · $4.67M AUM. Holdings, fees, performance and SEC filings.
DWMC Fund Overview
DWMC — AdvisorShares Dorsey Wright Small Company ETF is a US ETF managed by AdvisorShares Trust, categorised as Developed ex-US Small Cap 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: Developed ex-US Small Cap Blend / Core Equity
- Assets under management: $4.67M
- 1-year return: 13.0%
- Ticker: DWMC
- SEC CIK: 0001408970
- SEC series ID: S000062083
- Share class ID: C000201032
DWMC Investment Objective and Strategy
AdvisorShares Dorsey Wright Small Company 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 Micro-Cap ETF (the Fund) seeks 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 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. The Funds sub-advisor, 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 securitys three-month average dollar volume traded. The Funds investment focus follows the Sub-Advisors 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-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.
DWMC Performance
Total returns for DWMC (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 13.0% |
| 3 years (annualised) | 14.1% |
DWMC Risk Information
Risk metrics for DWMC, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.9%
DWMC Costs and Fees
DWMC costs about $125 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.25%
- Gross expense ratio: 1.95%
- Brokerage commissions: 38.08 bps of average net assets (SEC N-CEN)
DWMC Cashflows
Over the 12 months to 2023-09, AdvisorShares Dorsey Wright Small Company ETF had net inflows of $2.87M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-09 | $159.75K |
| 2023-08 | $0 |
| 2023-07 | $0 |
| 2023-06 | $478.56K |
| 2023-05 | $0 |
| 2023-04 | $0 |
DWMC Debt Constituents
No individual debt constituents are reported in AdvisorShares Dorsey Wright Small Company ETF's latest SEC N-PORT filing.
DWMC Prospectus and SEC Filings
Official AdvisorShares Dorsey Wright Small Company 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 2023-11-21
- Portfolio holdings (N-PORT) — filed 2023-08-18
- Portfolio holdings (N-PORT) — filed 2023-05-22
- Annual census (N-CEN) — filed 2023-09-08
- Annual census (N-CEN) — filed 2022-09-08
Related Funds
Other Developed ex-US Small Cap 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.