FWDB — AdvisorShares Madrona Global Bond ETF
Data updated: 2022-09-08
FWDB — AdvisorShares Madrona Global Bond ETF. Bond · $3.33M AUM · 0.47% expense ratio · -9.7% 1-yr return. Holdings, fees, performance and SEC filings.
FWDB Fund Overview
FWDB — AdvisorShares Madrona Global Bond ETF is a US ETF managed by AdvisorShares Trust, categorised as Bond. 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: Bond
- Assets under management: $3.33M
- 1-year return: -9.7%
- Ticker: FWDB
- SEC CIK: 0001408970
- SEC series ID: S000031216
- Share class ID: C000096918
FWDB Investment Objective and Strategy
AdvisorShares Madrona Global Bond ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AdvisorShares Trust.
Investment objective
The AdvisorShares Madrona Global Bond ETF (the Fund) seeks investment results that exceed the price and yield performance of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index.
Principal investment strategy
The Fund is an actively managed exchange-traded fund (ETF). Madrona Funds, LLC (the Sub-Advisor) seeks to achieve the Fund's investment objective by selecting a portfolio of fixed income (bond) exchange-traded funds (Underlying ETFs) and other exchange-traded products, including, but not limited to, exchange-traded notes (ETNs), exchange-traded currency trusts, and exchange-traded commodity pools (collectively with Underlying ETFs and ETNs, ETPs). Under normal circumstances, the Fund invests in ETPs such that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in bonds. The Fund also may invest in repurchase agreements. The Fund invests in ETPs that provide exposure to at least 12 distinct global bond classes, that may include treasury bonds, municipal bonds, and high-yield U.S.
corporate bonds (sometimes referred to as junk bonds). The Sub-Advisor will construct the Fund's portfolio using a weighted allocation system based on yield curve analysis of each bond category. The investment committee meets on a bi-weekly basis to monitor the Fund's portfolio and make allocation decisions. The investment committee uses third-party analyst research and a proprietary fundamental process to make allocation decisions. At least 12 global bond categories each will have a three percent minimum percentage inclusion in the Fund's portfolio.
FWDB Performance
Total returns for FWDB (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -9.7% |
| 3 years (annualised) | -1.4% |
FWDB Risk Information
Risk metrics for FWDB, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.9%
FWDB Costs and Fees
FWDB costs about $47 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.47%
- Gross expense ratio: 1.89%
- Portfolio turnover: 256%
- Brokerage commissions: 17.91 bps of average net assets (SEC N-CEN)
FWDB Cashflows
Over the 12 months to 2022-06, AdvisorShares Madrona Global Bond ETF had net inflows of $2.84M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-06 | $0 |
| 2022-05 | $0 |
| 2022-04 | $0 |
| 2022-03 | $0 |
| 2022-02 | $0 |
| 2022-01 | $0 |
FWDB Debt Constituents
No individual debt constituents are reported in AdvisorShares Madrona Global Bond ETF's latest SEC N-PORT filing.
FWDB Prospectus and SEC Filings
Official AdvisorShares Madrona Global Bond ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-10-29
- Prospectus (485BPOS) — filed 2020-11-13
- Prospectus (485BPOS) — filed 2019-11-15
- Portfolio holdings (N-PORT) — filed 2022-08-19
- Portfolio holdings (N-PORT) — filed 2022-05-20
- Portfolio holdings (N-PORT) — filed 2022-02-22
- Annual census (N-CEN) — filed 2022-09-08
- Annual census (N-CEN) — filed 2021-09-08
Related Funds
Other Bond 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.