AdvisorShares Dorsey Wright FSM All Cap World Equity ETF
DWAW
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 4800 Montgomery Lane, Suite 150 Bethesda MD United States of America 20814
- IPO Date
- Dec 27, 2019
- CIK
- 0001408970
- Website
- advisorshares.com
- Similar Companies
- Business
- AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW) is an actively managed exchange-traded fund that employs a proprietary rules-based momentum strategy utilizing Nasdaq Dorsey Wright's Fund Score Method (FSM) framework to tactically allocate across a global universe of equity ETFs; it targets exposure to domestic, international developed, and emerging markets without constraints on market capitalization (small, mid, or large cap), style (growth or value), or factors, while incorporating defensive cash or short-term fixed income positions during periods of market weakness indicated by relative strength trends. The fund's core holdings include leading FSM-ranked ETFs such as iShares MSCI USA Momentum Factor ETF (MTUM), Invesco NASDAQ 100 ETF (QQQM), iShares Russell 1000 Growth ETF (IWF), iShares MSCI Intl Momentum Factor ETF (IMTM), and iShares MSCI International Value Factor ETF (IVLU), providing diversified sector exposure across technology, financial services, consumer cyclical, communication services, and others with heavy weighting toward North America (approximately 61%), Europe Developed (16%), and Japan (7%). DWAW seeks long-term capital appreciation through systematic rebalancing into the highest-ranked funds based on trend analysis, market relative strength, and peer relative strength, benchmarking against the MSCI ACWI Index. Launched on December 26, 2019, and listed on Nasdaq, the ETF is issued by AdvisorShares Investments, LLC, headquartered in Bethesda, Maryland, with Nasdaq Dorsey Wright serving as model manager from Richmond, Virginia, and portfolio oversight by Dan Ahrens, AdvisorShares' Chief Investment Officer. As of late 2025, assets under management stand at approximately $84 million with a net expense ratio of 1.23% (subject to a 0.99% cap), and it maintains options availability for sophisticated investors. In recent developments, the fund has sustained ongoing tactical rotations amid volatile global equity leadership themes, with portfolio holdings refreshed to emphasize momentum and value factors in U.S. large-cap growth and international equities as of November 2025; it reported year-to-date NAV returns of around 10% through October 2025, trailing broader indices but demonstrating resilience via its relative strength defensive mechanisms during prior drawdowns. No major acquisitions, funding rounds, or structural reorganizations have been announced for AdvisorShares or DWAW in the last 1-2 years, though the issuer continues to expand its suite of actively managed thematic ETFs. The fund operates globally, targeting institutional and retail investors seeking unconstrained world equity exposure as a complement to passive benchmarks.