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 22 March 2019
Asset Under Management 18.32 Million (USD)
1 Month Total Return 1.08 %
Year To Date Return 5.13 %
1 Year Total Return 1.26 %
3 Year Annualized Total Return 4.14 %
NAV 25.27
Share Outstanding 725,000
Top 10 Holdings (22 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
INVESCO FUNDAMENTAL INVESTME PFIG ETF 0.18
SPDR BLOOMBERG BARCLAYS CONVERTIBLE SECURITIES ETF BOND 0.1304
INVESCO FINANCIAL PREFERRED PGF ETF 0.1201
HIGH YIELD ETF HYLD ETF 0.115
ISHARES FLOATING RATE BOND E FLOT ETF 0.0868
INVESCO VARIABLE RATE PREFER VRP ETF 0.0793
INVESCO SENIOR LOAN ETF BKLN ETF 0.0765
WISDOMTREE EM CORP BOND EMCB ETF 0.0673
VANGUARD MORTGAGE-BACKED SEC VMBS ETF 0.0398
INVESCO NATIONAL AMT-FREE MU PZA ETF 0.03