The AdvisorShares Pring Turner Business Cycle ETF (DBIZ) seeks long-term growth from capital appreciation and income. DBIZ is managed by Pring Turner Capital Group (“Portfolio Manager”). The cornerstone of the portfolio manager’s investment philosophy rests on the core belief of building wealth consistently while minimizing portfolio risk. DBIZ is a multi-asset class fund that dynamically allocates among stocks, bonds, inflation-sensitive securities, and cash.The Portfolio Manager has developed a pro-active asset allocation and sector rotation process designed around the stage changes in the business cycle. DBIZ’s disciplined decision-making employs multiple layers of input including business cycle, fundamental, and technical analysis. This adaptive approach combines continuous asset allocation changes, diversification with careful sector selections, and income emphasis all designed to make DBIZ a core total return investment for conservative investors.
|NAV||Market Price Return||S&P 500 Index|
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.
The S&P 500 Index is a broad-based, unmanaged measurement of changes in stock market conditions based on the average of 500 widely held common stocks. One cannot invest directly in an index.
|NAV||Market Price Return||S&P 500 Index|
Mr. Pring is Chairman and Investment Strategist at Pring Turner Capital Group. Martin in collaboration with Dow Jones Indexes co-developed the Dow Jones Pring U.S. Business Cycle Index in 2012, an active index based on his “Six-Stage” business cycle research. Martin founded Pring Research in 1981 and began providing research for financial institutions and individual investors around the world. Since 1984, he has published the Intermarket Review, a monthly global market report. He has written more than 20 books, including Technical Analysis Explained, which has been translated into 10 languages and is required reading for the Chartered Market Technician’s (CMT) designation. Martin has been honored with numerous lifetime achievement awards recognizing his career-long finance and investment research contributions. Mr. Pring has received the Canadian Technical Society’s Jack Frost Memorial Award, the Market Technicians Association’s (New York) coveted Annual Award, has been made an honorary member of the Swiss Technical Society, and recently designated a fellow of the Society of Technical Analysts—United Kingdom. He is frequently invited to speak at professional investment groups around the world.
Joe D. Turner - President & Portfolio Manager
Mr. Turner’s responsibilities include oversight of client portfolios, assistance in overall investment strategy, tactical asset allocation decision-making, intermediate trend identification and security selection. Joe began his career with Dean Witter in 1968 and in 1977 formed an investment advisory firm registered with the SEC. In 1988, Martin Pring joined the firm and co-founded Pring Turner Capital Group. Mr. Turner has taught graduate level courses at Golden Gate University in San Francisco on business cycle investing, asset allocation, stock market analysis, and the psychology of investing. Mr. Turner is co-author of a book titled Investing in the Second Lost Decade, published by McGraw-Hill in 2012. He is a graduate of Oregon State University where he received a B.S. in Business Administration.
Tom J. Kopas – Chief Executive Officer & Portfolio Manager
Mr. Kopas’ responsibilities include oversight of client portfolios, assistance in overall investment strategy, tactical asset allocation decision-making, intermediate trend identification, and security selection. He began his career in the financial services industry at Dean Witter in 1981 and spent more than twenty years with major wall street firms. Tom joined the Pring Turner Capital Group team in 2002. He is a career long investment educator and is frequently invited to share his knowledge and experience about investing around the business cycle with investment and retirement groups. Mr. Kopas is co-author of a book titled Investing in the Second Lost Decade, published by McGraw-Hill in 2012. He received a BA degree in Architecture from the University of California at Berkeley.
Jim W. Kopas, CFA – Associate Portfolio Manager
Mr. Kopas is a member of the Investment Committee and Portfolio Management team. Jim’s responsibilities include working in support of proprietary research efforts and portfolio management. Jim has additional duties supervising back office operations and coordinating Global Investment Performance Standards (GIPS®) compliance standards. Jim joined Pring Turner Capital Group in 2009. He earned the Chartered Financial Analyst (CFA) designation in 2013. Jim received his BSC degree in Finance from Santa Clara University in 2008.
|4PM Bid/Offer Midpoint||$26.41||Premium/Discount|
|Assets Under Management||$5,941,299.80|
|Premium/Discount Historical Data|
|---||DREYFUS GOV'T CASH MGMT||11.24%|
|HYLD||PERITUS HIGH YIELD ETF||5.01%|
|BSJF||GUGGENHEIM BULLETSHARES 2015 HY CORP BOND ETF||4.86%|
|BKLN||POWERSHARES SENIOR LOAN PORT||4.83%|
Shares are bought and sold at market price (closing price) not NAV and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined), and do not represent the return you would receive if you traded at other times. Holdings and allocations are subject to risks and to change. A holding identified with an "MM" at the end of its name indicates it is a Money Market fund.
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