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 18 January 2019
Asset Under Management 17.94 Million (USD)
1 Month Total Return 2.00 %
Year To Date Return 2.25 %
1 Year Total Return -1.04 %
3 Year Annualized Total Return 4.35 %
NAV 24.74
Share Outstanding 725,000
Top 10 Holdings (17 January 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
INVESCO FUNDAMENTAL INVESTME PFIG ETF 0.1794
SPDR BLOOMBERG BARCLAYS CONVERTIBLE SECURITIES ETF BOND 0.1261
INVESCO FINANCIAL PREFERRED PGF ETF 0.1199
HIGH YIELD ETF HYLD ETF 0.1168
ISHARES FLOATING RATE BOND E FLOT ETF 0.0885
INVESCO VARIABLE RATE PREFER VRP ETF 0.0792
INVESCO SENIOR LOAN ETF BKLN ETF 0.0786
WISDOMTREE EM CORP BOND EMCB ETF 0.0703
VANGUARD MORTGAGE-BACKED SEC VMBS ETF 0.0402
INVESCO NATIONAL AMT-FREE MU PZA ETF 0.0301