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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 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 -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?

  • 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

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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Manager Minutes, June 2015

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Price History

As of: 08/02/2015
NAV$31.34Closing Price$31.20
Change$0.03Change$-0.15
Shares Outstanding625,000Volume131
4PM Bid/Offer Midpoint$31.34Premium/Discount
Assets Under Management$19,584,817.03
Premium/Discount Historical Data

 

Top Holdings

As of: 08/02/2015
Ticker Name Weight
XLK TECHNOLOGY SELECT SECT SPDR 18.92%
RPG GUGGENHEIM S&P 500 PURE GROWTH ETF 18.27%

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.