What this ETF is trying to do

The ADVISORSHARES DORSEY WRIGHT FSM ALL CAP WORLD ETF (DWAW) is an exchange-traded fund. Based on its top holdings, it invests in other ETFs that focus on different "factors," such as value, quality, and growth, across both US and international markets.

What the numbers show

As of October 6, 2026, the share price was $49.89.

There are two ways to look at the returns: price return (which only tracks the share price) and total return (which includes distributions).

• Year-to-Date (YTD): The price return and total return are both approximately 12.95%.

• One Year: The price return was 13.76%, while the total return was 14.62%.

• Three Year: The price return was 63.15%, and the total return was 67.17%.

For a simple example, if you had invested $10,000 exactly one year ago at the estimated price of $43.86, the price-only increase would have grown that investment to approximately $11,375.66.

Income and distribution explanation

This ETF has a distribution yield of approximately 0.68%. Over the last 12 months, it made one payout totaling $0.34 per share. The distribution frequency is described as irregular or less frequent.

It is important for beginners to remember that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment (the principal) will stay the same or grow.

NAV erosion explanation

"NAV erosion" happens when the net asset value of a fund declines over time, often causing the share price to drop. StockValueFinder uses an erosion-risk score to measure this.

DWAW has an erosion score of 100, and the erosion label states "No price erosion detected." The erosion severity is rated as "good," and the severe erosion-risk flag is false.

Top Holdings

As of October 7, 2026, the fund holds five assets:

• ISHARES MSCI USA VALUE FACTOR ETF (VLUE): 20.63%

• ISHARES EDGE MSCI INTL VALUE FACTOR ETF (IVLU): 20.31%

• ISHARES MSCI USA QUALITY FACTOR ETF (QUAL): 19.83%

• ISHARES RUSSELL 2000 GROWTH ETF (IWO): 19.68%

• ISHARES RUSSELL 2000 VALUE ETF (IWN): 19.30%

Pros

• Strong three-year total return of approximately 67.17%.

• No price erosion detected according to the erosion-risk score.

• Diversified across value, quality, and growth factors.

Cons

• Low distribution yield (0.68%) for those seeking high current income.

• Irregular payout schedule.

Beginner takeaway

DWAW is a fund that invests in other factor-based ETFs. While it has shown strong price and total returns over the last three years, it provides very little cash income. Investors should focus on the total return rather than the distribution yield alone to understand how the investment has performed.