Actively managed ETF achieves prestigious rating among
micro-cap ETF peers and its Morningstar category
BETHESDA, Md., June 7, 2022
/PRNewswire/ -- AdvisorShares announced that the AdvisorShares
Dorsey Wright Micro-Cap ETF (Ticker: DWMC) has received a Five-Star
Morningstar Rating™. DWMC earned the five-star rating for its
three-year and overall risk-adjusted returns in Morningstar's US
Fund Small Growth category out of 585 funds respectively, as of
May 31, 2022.
Actively managed ETF achieves prestigious
rating among micro-cap ETF peers and its Morningstar category
The AdvisorShares Dorsey Wright Micro-Cap ETF is sub-advised by
Nasdaq Dorsey Wright (NDW), who are renowned for their core
philosophy of relative strength investing. Relative strength
investing involves buying securities that have appreciated in price
more than the other securities in their investment universe and
holding those securities until they exhibit sell signals.
In pursuing its investment strategy, DWMC seeks long-term
capital appreciation by investing in exchange-listed micro-cap
equities with sufficient liquidity that have a market
capitalization of less than $1
billion. DWMC invests in the micro-cap securities that
demonstrate the most favorable relative strength characteristics
according to NDW's proprietary methodology, resulting in a
portfolio of approximately 150 holdings that aims to allow its
winners to run while avoiding laggards. Some of the largest
companies in the world began as micro-caps and DWMC seeks to
capitalize on the significant, upside growth potential of the most
attractive, smallest-sized companies today as they work to become
future market leaders.
Nasdaq Dorsey Wright is a pioneer
of technical analysis and relative strength investing. DWMC is the
only investment vehicle which provides investors access to NDW's
micro-cap investment strategy expertise.
Past performance is not indicative of future results. For
standardized and month-end performance and more information on
DWMC, please visit advisorshares.com/etfs/dwmc.
AdvisorShares regularly hosts live webinars featuring portfolio
managers, including Nasdaq Dorsey Wright and other leading industry
experts. You may learn more and register at the AdvisorShares
Event Center for upcoming event sessions and educational
insights.
About AdvisorShares
AdvisorShares is a leading provider of active ETFs. For
financial professionals and investors requesting more information,
call 1-877-843-3831 or visit advisorshares.com. Follow
@AdvisorShares on Twitter and on Facebook for more insights.
Dorsey, Wright & Associates, LLC, a Nasdaq Company, is
a registered investment advisory firm. Registration does not imply
any level of skill or training. The relative strength strategy is
NOT a guarantee. There may be times where all investments and
strategies are unfavorable and depreciate in value. Relative
Strength is a measure of price momentum based on historical price
activity. Relative Strength is not predictive and there is no
assurance that forecasts based on relative strength can be relied
upon to be successful or outperform any index, asset, or strategy.
Past performance, hypothetical or actual, does not guarantee future
results. In all securities trading there is a potential for
loss as well as profit. It should not be assumed that
recommendations made in the future will be profitable or will equal
the performance as shown.
Before investing you should carefully consider the Fund's
investment objectives, risks, charges and expenses. This and other
information is in the prospectus, a copy of which may be obtained
by visiting the Fund's website at www.AdvisorShares.com.
Please read the prospectus carefully before you invest.
Foreside Fund Services, LLC, distributor.
The Fund is subject to a number of risks that may affect the
value of its shares, including the possible loss of principal.
Stock prices of micro-cap companies are significantly more
volatile, and more vulnerable to adverse business and economic
developments, than those of larger companies. Micro-cap stocks may
also be thinly traded, making it difficult for the Fund to buy and
sell them. There is no guarantee that the Fund will achieve its
investment objective.
The Morningstar Rating™ for funds, or "star rating", is
calculated for managed products (including mutual funds, variable
annuity and variable life subaccounts, exchange-traded funds,
closed-end funds, and separate accounts) with at least a three-year
history. Exchange-traded funds and open-ended mutual funds are
considered a single population for comparative purposes. It is
calculated based on a Morningstar Risk-Adjusted Return measure that
accounts for variation in a managed product's monthly excess
performance, placing more emphasis on downward variations and
rewarding consistent performance. The top 10% of products in each
product category receive 5 stars, the next 22.5%receive 4 stars,
the next 35% receive 3 stars, the next 22.5% receive 2 stars, and
the bottom 10% receive 1 star. The Overall Morningstar Rating for a
managed product is derived from a weighted average of the
performance figures associated with its three-, five-, and 10-year
(if applicable) Morningstar Rating metrics. The weights are: 100%
three-year rating for 36-59 months of total returns, 60% five-year
rating/40% three-year rating for 60-119 months of total returns,
and 50% 10-year rating/30% five-year rating/20% three-year rating
for 120 or more months of total returns. While the 10-year overall
star rating formula seems to give the most weight to the 10-year
period, the most recent three-year period has the greatest impact
because it is included in all three rating periods.
©2022 Morningstar, Inc. All Rights Reserved. The
information contained herein: (1) is proprietary to Morningstar;
(2) may not be copied or distributed; and (3) is not warranted to
be accurate, complete or timely. Neither Morningstar nor its
content providers are responsible for any damages or losses arising
from any use of this information. Past performance is no guarantee
of future results
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