DWUS Fees and Costs — AdvisorShares Dorsey Wright FSM US Core ETF
Data updated: 2026-09-10
The net expense ratio is 1.08%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $81K in broker commissions, 0.0674% of average net assets, and portfolio turnover was 145%.
DWUS Fees and Expenses
Annual operating expenses and sales charges of DWUS. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.08% |
| Fee waiver | — |
| Net expense ratio | 1.08% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
DWUS Costs Over Time
On $10,000 invested in DWUS, assuming 5% a year before costs, total costs come to $716 over 5 years, cutting the return by 1.20% 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 1.08%) | $113 | $353 | $612 |
| Trading costs (broker commissions) | $7 | $22 | $38 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $120 | $394 | $716 |
| Value after costs | $10,380 | $11,182 | $12,047 |
| Impact on return, per year | 1.20% | 1.20% | 1.20% |
DWUS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0674%
- Total broker commissions: $81K
- Bought from dealers (principal trades, not a cost): $397.9M
- Portfolio turnover (prospectus): 145%
- Securities on loan, average value: $21.9M
- Net income from securities lending: $70K (0.058% of average net assets)
DWUS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $81K | 100.00% |
DWUS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $389.0M | 97.76% |
| Jane Street Execution Services, LLC | $6.6M | 1.65% |
| BOFA SECURITIES, INC. | $2.4M | 0.59% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.