FWDB

Fund Description
The investment objective of the AdvisorShares Madrona Global Bond ETF (FWDB) seeks investment results that exceed the price and yield performance of its benchmark, the Barclays Capital Aggregate Bond Index. FWDB is sub-advised by Madrona Funds, LLC (Portfolio Manager). The Portfolio Manager seeks to achieve this objective by selecting a diversified portfolio of fixed income exchange-traded products (ETPs), including but not limited to, exchange-traded notes (ETNs), exchange-traded currency trusts and exchange-traded commodity pools. FWDB invests in at least 12 distinct global bond classes that cover the entire global investable bond universe. The Portfolio Manager constructs FWDB s portfolio using a weighted allocation system based on historic yield curve analysis and a mean reversion strategy.
Fund Profile
Fund Name Madrona Global Bond ETF
Fund Exchange Ticker FWDB
Fund Sponsor Advisor Shares
Fund ISIN US00768Y8342
Net Expense Ratio 1.41 %
Fund Inception Date 20 June 2011
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Broad Market
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Bond Type Broad Market
Credit Quality Fund Holds Both Investment Grade & High Yield
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 16 July 2019
Asset Under Management 5.81 Million (USD)
1 Month Total Return 1.34 %
Year To Date Return 8.40 %
1 Year Total Return 5.49 %
3 Year Annualized Total Return 3.68 %
NAV 25.84
Share Outstanding 225,000
Top 10 Holdings (16 July 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
ISHARES MORTGAGE REAL ESTATE REM ETF 0.3009804278
VANECK VECTORS HIGH-YIELD MU HYD ETF 0.2090383747
SPDR BBG BARC ST HIGH YIELD SJNK ETF 0.2048991591
SPDR NUVEEN S&P HIGH YIELD M HYMB ETF 0.0896798313
ISHARES 20+ YEAR TREASURY BO TLT ETF 0.0879845944
ISHARES 0-5 YR HY CORP BOND SHYG ETF 0.0879135265
INVESCO SENIOR LOAN ETF BKLN ETF 0.0148684272
BLACKROCK FEDERAL FD 30 INSTL MMKT 0.0099724949
CASH CASH -0.0053368359