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(EPRO) EquityPro ETF

Overview

How EPRO Works

The AdvisorShares EquityPro ETF (NYSE Arca: EPRO) is a broadly diversified global equity ETF that seeks long-term capital growth. EPRO is managed by The Elements Financial Group, LLC (“Portfolio Manager”). The Portfolio Manager seeks to achieve EPRO’s investment objective by utilizing a “top-down” investment approach towards investing in global equity markets. The Portfolio Manager employs tactical asset allocation and sector allocation strategies among global equities, as well as risk management techniques that have the potential to lower portfolio risk under certain scenarios.

Fund Documents

Portfolio Manager Commentaries

EPRO in the News

The following reprints should not be construed as an offer to sell or a solicitation of an offer to buy shares of any other funds. They are provided for informational purposes for AdvisorShares only.

Performance -Month-End

EPRO Performance History (%) as of 03/31/2014
 NAVMarket Price ReturnS&P 500 Index
1 Month0.430.460.84
3 Months 1.29 2.391.81
YTD 1.29 2.391.81
1 Year11.7411.6721.86
Since Inception
(07/10/2012)
13.5113.5124.02

Performance -Quarter-End

EPRO Performance History (%) as of 03/31/2014
 NAVMarket Price ReturnS&P 500 Index
1 Month0.430.460.84
3 Months 1.29 2.391.81
YTD 1.29 2.391.81
1 Year11.7411.6721.86
Since Inception
(07/10/2012)
13.5113.5124.02

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 performance for periods before 12/01/13 is for the AdvisorShares Global Alpha & Beta ETF (the "Predecessor Fund") which was renamed the AdvisorShares EquityPro ETF on 12/01/13. The Predecessor Fund had different portfolio managers and investment strategy than the EquityPro ETF. Performance prior to 12/01/13 reflects the Fund's performance prior to the change in manager and investment strategy and may not be indicative of the Fund's performance under the new manager and revised investment strategy. Performance since 12/01/13 reflects actual EquityPro ETF performance.

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.

Fund Distributions

Ex-DateRecord DatePay DateCash DivST Cap GainLT Cap GainReturn of CapitalTotal Distribution
12-29-14
12-31-14
01-05-15
-----
12-27-13
12-31-13
01-03-14
$0.344$0.00$0.00$0.00$0.344/per share
12-27-12
12-31-12
01-03-13
$0.135$0.019$0.00$0.00$0.154/per share
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Why Invest in EPRO?

  • To Intelligently Invest in Equities Globally - EPRO takes a global unique, top-down approach to investing in equity markets around the world.
  • For Risk-Managed Capital Appreciation - EPRO seeks to provide a less volatile equity portfolio with the inclusion of various risk management techniques.
  • For Active Global Sector Management - The Portfolio Manager believes that managing the allocation among global equity sectors can reduce the volatility of the equity investments, and has the potential to generate improved risk-adjusted returns over a standard market capitalization weighted equity index.

5 Key Attributes

  1. Top-Down Portfolio Management - The Portfolio Manager utilizes a quantitatively-driven, top-down sectors approach to global equity market allocation, and applies a combination of volatility, technical, and economic analyses in the investment decision making process.
  2. Tactical Allocations to Global Equities - The Portfolio Manager will determine portfolio exposure to global equity markets based on two indicators:
    • The 200-day moving average of the S&P 500 Index
    • The slope of the U.S. yield curve
  3. Disciplined Trading Rules - When the S&P 500 Index is below its 200-day moving average or if the U.S. yield curve is inverted, the Portfolio Manager will adjust the portfolio to a lower equity exposure to preserve capital, under normal market circumstances.
  4. Active Sector Allocation - The Portfolio Manager will actively allocate among the 10 GICS® economic sectors using strategic and tactical approaches to pursue capital appreciation.
  5. Risk Management - The Portfolio Manager can actively manage equity and sector exposures in an attempt to reduce portfolio risk and seek to provide additional protection during down markets.

About the Portfolio Managers

Josh Emanuel, CFA, Chief Investment Officer
Mr. Emanuel joined The Elements Financial Group in 2010. Prior to 2010, he was with Wilshire Associates, Inc. (Wilshire), where he worked from 2004 – 2010. While at Wilshire, he most recently served as Head of Strategy and co-Chairman of the Wilshire Funds Management Investment Committee. Mr. Emanuel previously served as Head of Manager Research for Wilshire Funds Management, and was formerly responsible for International Equity Manager Research at Jeffrey Slocum & Associates. He holds a BA in Finance from the University of Pittsburgh, College of Business Administration, is a member of the CFA Society of Los Angeles, Inc., and has earned the Chartered Financial Analyst (CFA) designation.

Joseph Lu, CFA, Research Analyst
Mr. Lu joined The Elements Financial Group in 2013. Prior to 2013, he was a Project Manager at Ares Management, and an Analyst at Kayne Anderson Rudnick, where he conducted third-party manager due diligence and constructed asset allocation models for private wealth clients. Before Kayne Anderson Rudnick, Mr. Lu was a Senior Analyst at Wilshire Funds Management. Mr. Lu earned a B.S. in Information and Computer Science from the University of California, Irvine is a member of the CFA Society of Los Angeles, Inc., and has earned the Chartered Financial Analyst (CFA) designation.

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Fund Basics

  • Symbol

    EPRO

  • Exchange

    NYSE Arca

  • Inception Date

    07.10.2012

  • CUSIP

    00768Y743

  • Indicative Value

    EPRO.IV

  • Options

    No

Manager Minutes, April 2014

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Price History

As of: 04/15/2014
NAV$30.30Closing Price$30.24
Change$0.07Change$-0.04
Shares Outstanding600,000Volume8,421
4PM Bid/Offer Midpoint$30.31Premium/Discount$0.01
Assets Under Management$18,177,891.98
Premium/Discount Historical Data

 

Top Holdings

As of: 04/15/2014
Ticker Name Weight
KXI ISHARES GLOBAL CONSUMER STAP 13.87%
IXJ ISHARES GLOBAL HEALTHCARE ET 12.67%
IXC ISHARES GLOBAL ENERGY ETF 9.78%

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.

Fees & Expenses

  • Management Fee

    0.80%

  • Other Expenses

    5.95%

  • Acquired Fund Fees

    0.23%

  • Gross Expense Ratio

    6.98%

  • Fee Waiver and/or Expense Reimbursement

    5.50%

  • Net Expense Ratio

    1.48%*

  • *The Advisor has contractually agreed to keep net expenses from exceeding 1.25% of the Fund’s average daily net assets until at least a year from the date of the Prospectus and for an indefinite period thereafter subject to annual reapproval of the agreement by the Board of Trustees. This agreement is limited to the Fund’s direct operating expenses and, therefore, does not apply to “Acquired Fund Fees and Expenses.