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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. If the benchmark S&P 500 Index is below its 200-day moving average or if the U.S. yield curve is inverted, the Portfolio Manager will maintain a defensive position in the Fund’s portfolio by reducing its investments in equities to approximately 20% of its net assets and investing the remaining assets in cash and/or fixed income securities.

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 05/31/2016
 NAVMarket Price ReturnS&P 500 IndexMSCI World Index
1 Month1.371.351.800.56
3 Months3.223.179.129.08
YTD-1.382.733.571.80
1 Year-10.59-10.501.72-3.96
3 Years1.811.8611.066.46
Since Inception
(7/10/2012, Annualized)
4.234.3014.6010.73

Performance -Quarter-End

EPRO Performance History (%) as of 03/31/2016
 NAVMarket Price ReturnS&P 500 IndexMSCI World Index
1 Month1.531.536.786.79
3 Months-3.001.101.35-0.35
YTD-3.001.101.35-0.35
1 Year-9.71-9.611.78-3.45
3 Years1.261.3311.826.82
Since Inception
(7/10/2012, Annualized)
3.974.0414.6310.61

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
12-28-16
12-30-16
01-04-17
-----
12-29-15
12-31-15
01-05-16
$0.3044$0.8138$0.0899$0.00$1.2080/per share
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 will take defensive portfolio action based on technical indicators to help insulate it from large equity market declines. Defensive positioning will usually entail reducing equity exposure to 20% and holding short term fixed income products until market conditions are again favorable.
  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 Allocation--85%+ Equity 163
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 05/31/2016. Category consists of 163 funds in 3 year, 126 in 5 year, and 100 in 10 year.

Manager Minutes, April 2016

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Price History

As of: 06/26/2016
NAV$26.45Closing Price$26.50
Change$-0.90Change$-0.78
Shares Outstanding875,000Volume523
4PM Bid/Offer Midpoint$26.45Premium/Discount
Assets Under Management$23,142,400.48
Premium/Discount Historical Data

 

Holdings

As of: 06/26/2016
Ticker Name Weight
SPY SPDR S&P500 ETF TRUST 20.10%
RHS GUGG S&P 500 EQ WGT STAPLES 15.30%
--- WELLS FARGO GOVT M MKT IN 1751 14.96%
DIA SPDR DJIA TRUST 13.99%
XLK TECHNOLOGY SELECT SECTOR SPDR FUND 11.87%
EFA ISHARES MSCI EAFE ETF 8.60%
FDN FIRST TRUST DJ INTERNET IND 5.68%
XLE ENERGY SELECT SECTOR SPDR FUND 5.00%
PJP POWERSHARES DYN PHARMACEUTIC 3.18%
OIH VANECK VECTORS OIL SERVICES 1.05%
--- CASH 0.28%

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

    0.33%

  • Acquired Fund Fees

    0.06%

  • Gross Expense Ratio

    1.19%

  • Recaptured Expense

    0.12%

  • Net Expense Ratio

    1.31%*

  • *The Advisor has contractually agreed to keep net expenses from exceeding 1.25% of the Fund’s average daily net assets until at least one year from the date of the prospectus and for successive one-year periods thereafter unless the agreement is terminated. This agreement is limited to the Fund’s direct operating expenses and, therefore, does not apply to “Acquired Fund Fees and Expenses."