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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 through the use of ETFs that are invested primarily in common stocks. EPRO may be concentrated in funds that are aggressively managed and specialize in small capitalization and emerging growth companies. It may also have significant concentrations in specific sectors of the economy. Therefore investment returns may be more volatile than general stock market indices and the price movement of these funds may move opposite the direction of the general stock market trends.

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 07/31/2015
 NAVMarket Price ReturnS&P 500 IndexMSCI World Index
1 Month2.122.082.101.80
3 Months0.160.161.41-0.23
YTD4.166.853.354.47
1 Year2.032.1011.214.92
2 Years7.297.3514.0410.31
3 Years8.668.6717.5814.46
Since Inception
(7/10/2012, Annualized)
9.179.2018.3215.15

Performance -Quarter-End

EPRO Performance History (%) as of 06/30/2015
 NAVMarket Price ReturnS&P 500 IndexMSCI World Index
1 Month-2.57-2.57-1.94-2.33
3 Months0.030.000.280.31
YTD2.004.671.232.63
1 Year-2.01-1.897.421.43
2 Years8.318.4015.7012.17
Since Inception
(7/10/2012, Annualized)
8.678.7218.0614.93

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.

The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. One cannot invest directly in an index.

Fund Distributions

Ex-DateRecord DatePay DateCash DivST Cap GainLT Cap GainReturn of CapitalTotal Distribution
12-29-15
12-31-15
01-05-16
-----
12-29-14
12-31-14
01-05-15
$0.284$0.273$0.215$0.00$0.772/per share
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?

  • For Active Sector Allocation - EPRO invests in different economic sectors in an attempt to take advantage of undervalued segments of the market.
  • For International Equity Exposure - Non-U.S. equities will represent between 10 and 25% of total fund investments and may include exposure to both developed and developing markets.
  • For Active Global Sector Management - Sector allocations are based upon relative fundamental valuations, earnings momentum and relative strength.

5 Key Attributes

  1. Sector Allocation Parameters - Allocations among sectors can range between 0 and 200% of the sector’s corresponding S&P 500 weighting.
  2. International Equity Diversification - EPRO maintains an international equity position for diversification.
  3. Correlation - EPRO aims to produce returns that correlate with general stock market indices.
  4. Volatility - EPRO may be more or less volatile than general stock market indices depending on the degree of sector weightings employed at a given time.
  5. Proven Experience - The Portfolio Manager represents nearly 40 years of continuous equity management experience.

About the Portfolio Managers

Bob Baker, Portfolio Manager
Mr. Baker joined The Elements Financial Group, LLC in 2015. He has been involved in the investment management and mutual fund industry for 30 years. Since 1998, Mr. Baker has been President of Advanced Asset Management Advisors, Inc., an SEC-registered investment advisory firm in Columbus, Ohio. From 1984 to 1998, Mr. Baker served as Vice President of R. Meeder & Associates and President of Meeder Advisory Services. Part of his responsibilities during that time included portfolio management and overseeing the Retirement Plan Services division. He also participated in the development, launch and marketing of twelve load and no-load mutual funds. From 1979 to 1984, Mr. Baker was affiliated with Bank One Trust Company (City National Bank & Trust Company) in Columbus, Ohio, where he was a Trust Officer involved in portfolio management. A native of Ohio, he graduated from The Ohio State University in 1981 with a Bachelor of Science Degree in Finance.

Phil Voelker, Portfolio Manager
Mr. Voelker joined The Elements Financial Group, LLC in 2015. He has spent the last 40 years managing portfolios with objectives ranging from short-term cash management to aggressive equity and venture capital investing. Unlike many generalists, his investment background is unique, having gained specialized portfolio management experience in each strategy. Mr. Voelker’s investment advisor and mutual fund management experience lends efficiencies to the company’s operations. Mr. Voelker is Chief Investment Officer of Advanced Asset Management Advisors, Inc. Prior to joining Advanced Asset Management Advisors in 2001, Mr. Voelker served as Chief Investment Officer for Meeder Asset Management from 1974 to 2001, where he was personally responsible for the firm’s multibillion dollar investment management assignments. Mr. Voelker graduated cum laude from The Ohio State University in 1974.

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Morningstar Rating ™

10 Yr 5 Yr 3 Yr Overall Category # in Overall Category
N/A N/A World Stock 988
Overall Morningstar rating is derived from a weighted average of the fund's 3-, 5-, and 10-year (if applicable) risk-adjusted returns as of 07/31/2015. Category consists of 988 funds in 3 year, 740 in 5 year, and 386 in 10 year.

Manager Minutes, June 2015

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Price History

As of: 09/02/2015
NAV$29.73Closing Price$29.61
Change$0.12Change$0.02
Shares Outstanding725,000Volume111
4PM Bid/Offer Midpoint$29.73Premium/Discount
Assets Under Management$21,550,636.31
Premium/Discount Historical Data

 

Top Holdings

As of: 09/02/2015
Ticker Name Weight
--- WELLS FARGO GOVT M MKT IN 1751 74.40%
--- CASH 5.26%

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.

Fund Basics

  • Symbol

    EPRO

  • Exchange

    NYSE Arca

  • Inception Date

    07.10.2012

  • CUSIP

    00768Y743

  • Indicative Value

    EPRO.IV

  • Options

    No

Fees & Expenses

  • Management Fee

    0.80%

  • Other Expenses

    1.12%

  • Acquired Fund Fees

    0.46%

  • Gross Expense Ratio

    2.38%

  • Fee Waiver and/or Expense Reimbursement

    0.67%

  • Net Expense Ratio

    1.71%*

  • *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.