as of 5/31/2018
AdvisorShares Dorsey Wright ADR ETF
Based on risk-adjusted return out of 345 funds in the Foreign Large Growth category
AADR focuses on traditional growth sectors and uses a technical approach to identify companies with the highest relative strength. Relative strength investing involves buying securities that have appreciated in price more than the other securities in the investment universe and holding those securities until they experience sufficient underperformance. Various risk management techniques are utilized to ensure sector, industry, and security diversification. AADR can be used in a portfolio to add a technical alpha seeking manager in your foreign equity allocation.
AdvisorShares Newfleet Multi-Sector Income ETF
Short-Term Multi-Sector Bond
Based on risk-adjusted return out of 450 funds in the Short-Term Bond category
MINC provides exposure to low duration fixed income consistent with preservation of capital, while limiting fluctuations in net asset value due to changes in interest rates. The portfolio manager uses an active sector rotation process to identify areas of the fixed income market that they believe may outperform. The fund employs a disciplined risk management approach that seeks to minimize exposure to higher risks sectors of the market. MINC can be used to provide conservative income to a portfolio.
AdvisorShares Wilshire Buyback ETF
Based on risk-adjusted return out of 365 funds in the Mid-Cap Value category
TTFS provides exposure to typically 100 U.S. listed equities from the Wilshire US Large Cap Index universe that have a reduction in outstanding shares, and meet specific leverage and cash flow requirements. The portfolio is weighted based on Wilshire’s quantitative buyback strength signal. The portfolio manager believes that the prices of stocks are influenced by supply and demand, and that stocks should perform best when their outstanding shares decrease. TTFS can serve as a core equity position.
AdvisorShares STAR Global Buy-Write ETF
Global Alternative Asset Allocation
Based on risk-adjusted return out of 81 funds in the Options-based category
VEGA is a low volatility, globally diversified asset allocation strategy that employs options seeking to enhance income and reduce risk. The volatility of each of the underlying positions drives option usage. During periods of high volatility the fund will write (or sell) a call option to hedge downside risk through income generation from the sale of options. 50%-75% of VEGA’s equity positions will typically be covered. When volatility is low, the portfolio manager buys protective put options to manage downside risk. VEGA can serve as a core alternative allocation.
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.
There is no guarantee that the Fund will achieve its investment goal. An investment in the Fund is subject to risk, including the possible loss of principal amount invested. The Fund is subject to the underlying ETFs and ETP risk that comprise this “fund of funds” and is subject to greater volatility due to commodity risk, a decline in the credit quality of the portfolio, increased risk of price volatility associated with emerging markets, and negative impact due to currency exchange rate fluctuations. Other Fund risks include market risk, equity risk, ETN risk, closed end fund risk, asset allocation risk, early closing risk, short sales and leverage risk, liquidity risk, trading risk, and turnover risk. This Fund may not be suitable for all investors. See prospectus for details regarding risk.
The Morningstar Rating™ for funds, or "star rating," is calculated for managed products with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three- and five-year Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns.
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Overall AADR Morningstar rating is derived from a weighted average of the fund's 3-, 5-, and 10- year (if applicable) risk-adjusted returns as of 5/31/2018. Category consists of 347 funds in 3 year, 303 in 5 year, and 216 in 10 year.
Overall MINC Morningstar rating is derived from a weighted average of the fund's 3-, 5-, and 10- year (if applicable) risk-adjusted returns as of 5/31/2018. Category consists of 450 funds in 3 year, 388 in 5 year, and 255 in 10 year.
Overall TTFS Morningstar rating is derived from a weighted average of the fund's 3-, 5-, and 10-year (if applicable) risk-adjusted returns as of 5/31/2018. Category consists of 365 funds in 3 year, 311 in 5 year, and 225 in 10 year.
Overall VEGA Morningstar rating is derived from a weighted average of the fund's 3-, 5-, and 10-year (if applicable) risk-adjusted returns as of 5/31/2018. Category consists of 81 funds in 3 year, 46 in 5 year, and 12 in 10 year.