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(GGBP) Gartman Gold/British Pound ETF

Overview

Fund Documents

Portfolio Manager Commentaries

GGBP 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.
12/30/2014 -

AdvisorShares Press Release, AdvisorShares Announces December 2014 Distributions

02/18/2014 - Savage, Terry. "A New Way to Buy Gold." http://www.creators.com/lifestylefeatures/business-and-finance/savage-truth-on-money.html
02/12/2014 - Sykora, Allen. "New ETFs Allow Exposure To Gold In Currencies Other Than U.S. Dollar." http://www.kitco.com/news/2014-02-12/New-ETFs-Allow-Exposure-To-Gold-In-Currencies-Other-Than-US-Dollar.html

Performance -Month-End

GGBP Performance History (%) as of 12/31/2014
 NAVMarket Price ReturnSpot price of Gold
1 Month0.931.901.40
3 Months1.351.64-1.42
Since Inception
(02/11/2014)
-4.43-4.39-6.78

Performance -Quarter-End

GGBP Performance History (%) as of 12/31/2014
 NAVMarket Price ReturnSpot price of Gold
1 Month0.931.901.40
3 Months1.351.64-1.42
Since Inception
(02/11/2014)
-4.43-4.39-6.78

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 Spot price of Gold is valued on the basis of each day's 3pm London time announced price for an ounce of gold set by five market making members of the London Bullion Market Association. One cannot invest directly in an index.

Fund Distributions

Ex-DateRecord DatePay DateCash DivST Cap GainLT Cap GainReturn of CapitalTotal Distribution
12-24-15
12-29-15
12-31-15
-----
12-24-14
12-29-14
12-31-14
$0.558$0.060$0.090$0.00$0.708/per share
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About the Portfolio Manager

Dennis Rhee, Managing Partner and Portfolio Manager
Mr. Rhee is Co-Founder and a Managing Partner of Treesdale Partners, LLC, where he sits on the executive investment committee of the multi-manager and direct investment funds. He has over twenty years of Wall Street experience in roles ranging from management, fixed income sales and trading, derivatives structuring, portfolio and risk management, and the design of bond trading systems. After graduate school, Mr. Rhee joined Goldman, Sachs & Co. in New York as a fixed income derivatives specialist. At Goldman, Mr. Rhee structured and sold complex derivative products to major U.S. buy side institutions, including hedge funds. Mr. Rhee also served as Head of Goldman’s Korea Fixed Income business. After leaving Goldman, Mr. Rhee and an ex-Goldman colleague created Asia’s first hedge fund that invested in Relative Value Fixed Income strategies. Most recently, Mr. Rhee served as head of Mortgage Backed Securities trading at Pedestal, the electronic trading startup sponsored by Reuters and Deutsche Bank. Prior to this, Mr. Rhee worked at Deutsche Bank in MBS-TBA trading and its electronic trading efforts. Mr. Rhee received his M.B.A. in Finance from the University of Chicago’s Graduate School of Business and a B.A. in Government from Cornell University’s College of Arts and Sciences.

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Price History

As of: 01/29/2015
NAV$12.99Closing Price$13.25
ChangeChange
Shares OutstandingVolume
4PM Bid/Offer MidpointPremium/Discount
Assets Under Management$-0.05
Premium/Discount Historical Data

 

Top Holdings

GGBP Exposure (Based on Net Market Value)

Name Weight
CASH 0%
GOLD Futures 0%
BP Currency Futures 0%

GGBP Exposure (Based on Notional Market Value)

Name Weight
GOLD Futures 0%
BP Currency Futures 0%

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.

Fund Basics

  • Symbol

    GGBP

  • Exchange

    NYSE Arca

  • Inception Date

    02/11/2014

  • CUSIP

    00768Y677

  • Indicative Value

    GGBP.IV

  • Options

    No

Fees & Expenses

  • Management Fee

    0.55%

  • Other Expenses

    10.32%

  • Acquired Fund Fees

    0.12%

  • Gross Expense Ratio

    10.99%

  • Fee Waiver and/or Expense Reimbursement

    10.22%

  • Net Expense Ratio

    0.77%*

  • *The Advisor has contractually agreed to keep net expenses from exceeding 0.65% of the Fund’s average daily net assets for 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.