AdvisorShares FolioBeyond Smart Core Bond ETF
FWDB
New York Stock Exchange Arca- -
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 - Bonds
- Address
- 4800 Montgomery Lane, Suite 150 Bethesda MD United States of America 20814
- IPO Date
- Jun 20, 2011
- CIK
- 0001408970
- Similar Companies
- Business
- AdvisorShares FolioBeyond Smart Core Bond ETF (FWDB) is an actively managed exchange-traded fund that seeks to outperform the Bloomberg U.S. Aggregate Bond Index by investing primarily in exchange-traded products (ETPs) representing over 20 distinct global bond classes, including treasury bonds; municipal bonds; investment grade corporate bonds; high-yield U.S. corporate bonds; and other fixed income securities across broad maturities and credit qualities. The fund employs proprietary research and algorithms developed by FolioBeyond to allocate among these ETPs, targeting broad market exposure in fixed income with approximately 8 holdings, 100% of assets concentrated in the top 10 positions, and a focus on global broad credit strategies. It provides monthly dividend distributions when available, with an annual dividend yield of around 2.35% as of recent data, and operates without K-1 distributions. FolioBeyond, founded in 2017 and headquartered in New York City, serves as the sub-advisor leveraging advanced quantitative modeling, artificial intelligence, and machine learning for fixed income portfolio construction; the ETF trades on NYSE Arca and targets institutional investors, wealth managers, and advisors seeking diversified bond exposure. Geographically, FWDB invests in U.S.-centric and global bond markets through its underlying ETP holdings, with primary operations in the United States. In recent developments, the ETF launched in May 2011 under AdvisorShares and underwent a significant change on November 1, 2021, when its ticker shifted from FWDB to MENV and its name to AdvisorShares North Square McKee ESG Core Bond ETF, though legacy references persist in some databases; no major new partnerships, acquisitions, or launches specific to FWDB have been reported in 2024 or 2025. FolioBeyond has pursued strategic alliances including partnerships with Tidal Financial Group for the RISR ETF; VettaFi for the S-Network FolioBeyond Optimized Fixed Income Index; Goldman Sachs Advisor Solutions for model portfolios; Boosted.ai for AI-driven equity strategies; BXIndex for direct indexing; and C8 Technologies for index distribution, enhancing its fixed income offerings broadly. These collaborations support FolioBeyond's expansion into ETF platforms, TAMPs, and institutional solutions without direct impact on FWDB noted in the last 1-2 years.