AdvisorShares Dorsey Wright ADR ETF

Press Release


Total Net Expense Ratio Lowered for AADR, Top-Performing International Equity ETF Five-star Morningstar rated™ AdvisorShares Dorsey Wright ADR ETF (Ticker: AADR) has over $260 million in AUM  

BETHESDA, Md. — June 5, 2018 – AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Dorsey Wright ADR ETF (Ticker: AADR) has lowered its total net expense ratio to 0.89%,1 by contractually agreeing to reduce the fund’s expense limitation from 0.98% to 0.88%. The actively managed AADR has experienced increasing investor demand and recently surpassed $260 million in assets under management, which in turn has made the ETF more operationally-efficient allowing a reduction in its operating expenses. AADR, which also lowered its total net expense ratio in November 2017, carries a five-star Morningstar rating for its overall risk-adjusted performance and ranks among the top-performing international equity strategies among both mutual funds and ETFs.2

“As we’ve previously indicated, and are now fortunate to realize, we believed AADR’s continuous growth would lead to another opportunity to lower its total net expense ratio,” said Noah Hamman chief executive officer of AdvisorShares. “AADR has consistently delivered benchmark-beating performance with full-transparency and we’re pleased that its shareholders may further benefit from this announcement. We feel that with Dorsey Wright’s exemplary portfolio management and their renowned expertise in relative strength investing, AADR may continue to see increased demand especially as its availability expands on different investment platforms.”

Dorsey, Wright & Associates (DWA), a Nasdaq company, serves as the portfolio manager of AADR. AADR’s investment approach adheres to DWA’s core philosophy of relative strength investing, which involves buying securities – domestically-traded American depositary receipts (ADRs) – that have appreciated in price more than other securities within its investment universe and holding those ADRs until they sufficiently underperform. AADR’s systematic investment process refrains from using fundamental company data and is based entirely on the market movement of international companies, which measures current sector and industry group allocations to maintain diversification within its portfolio. While no consideration is given to developed and emerging markets, AADR will allocate between the two depending on global price trends. AADR delivers a concentrated underlying portfolio of typically less than 40 equities that demonstrate favorable relative strength characteristics.

AADR Quarter-End Performance (through March 31, 2018)


Market Price Return


BNY Mellon Classic ADR Index





















Since Inception (7/20/2010)





Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. For the fund’s most recent month end performance, please visit www.AdvisorShares.com.

For financial professionals and investors requesting more information, please visit www.advisorshares.com or call an AdvisorShares Investment Consultant at 1-877-THE-ETF1 (1-877-843-3831). Our capital markets desk can assist with special order handling.

About AdvisorShares

A leading provider in the actively managed ETF marketplace, AdvisorShares offers 16 active ETFs with $1.1 billion of assets under management (as of June 1, 2018). Visit www.advisorshares.com to register for free weekly commentary and updates on our active ETF suite. Visit www.alphabaskets.com for educational insight into the active ETF marketplace, and follow @AdvisorShares on Twitter and on Facebook

1 As stated in the Prospectus, the total annual operating expenses are 1.44%. The Advisor has contractually agreed to keep net expenses from exceeding 0.88% of the Fund’s average daily net assets, excluding acquired fund fees and expenses, for at least one year from the date of the prospectus and for successive one-year periods thereafter unless the agreement is terminated.
2 Overall Morningstar rating is derived from a weighted average of the fund’s three-, five-, and 10-year (if applicable) risk-adjusted returns as of April 30, 2018. AADR is in the Foreign Large Growth category, which consists of 347 funds in three-year, 303 in five-year, and 215 in 10-year.

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.

An investment in ETFs is subject to risk, including the possible loss of principal amount invested. The risks associated with each Fund include the risks associated with the underlying ETFs, which can result in higher volatility, and are detailed in each Fund’s prospectus and on each Fund’s webpage. The Funds may not be suitable for all investors.