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(GIVE) Global Echo ETF

Overview

How GIVE Works

The AdvisorShares Global Echo ETF (NYSE Arca: GIVE) is a broadly diversified actively managed ETF with a focus on Sustainable and Impact investment opportunities. GIVE seeks to achieve long-term capital appreciation with an emphasis on absolute (positive) returns and low correlation to a blend of traditional financial market indices such as the S&P 500 Index, Barclays Aggregate Bond Index and MSCI EAFE Index, over a full market cycle by allocating to different investment strategies and asset classes through two sub-advisors (“portfolio managers”).

GIVE is designed as a core allocation that proactively seeks opportunities in Sustainable and Impact Investment themes. The fund will allocate capital to equity of publicly traded companies and debt securities with a proactive and meaningful sustainability mandate. The portfolio managers seek securities that may technologically, socially and environmentally impact the earth positively – with a focus on themes such as water, clean energy, innovation and other sustainable themes. Through the portfolio managers, GIVE brings Corporate Sustainability, Shareholder Advocacy and Activism, Community Investing, Fossil Fuel Divesting, Impact Investing, Innovation, Commitment to Education, and Philanthropy together in a single investment. Additionally, AdvisorShares regularly contributes a portion of assets under management to Philippe Cousteau Jr.’s Global Echo Foundation.

Fund Documents

Portfolio Manager Commentaries

Portfolio Manager's Video

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GIVE 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

09/26/2014 -

AdvisorShares Press Release, AdvisorShares Announces September 2014 Distributions

04/10/2014 - Britt, Paul. "2 Socially Responsible ETFs That Work." http://www.etf.com/sections/blog/21770-2-socially-responsible-etfs-that-work.html?showall=&fullart=1&start=2
12/31/2013 -

AdvisorShares Press Release, AdvisorShares Announces December 2013 Distributions

05/14/2013 - Yamada, Mark. "Socially responsible ETF investing." http://www.advisor.ca/news/etfs/socially-responsible-etf-investing-116575

Performance -Month-End

GIVE Performance History (%) as of 11/30/2016
 NAVMarket Price ReturnMSCI World IndexBarclays Capital Aggregate Bond Index
1 Month0.500.021.44-2.37
3 Months-2.28-3.090.00-3.17
YTD0.38-0.365.002.50
1 Year-0.95-1.623.152.17
3 Years1.040.763.712.79
Since Inception
(5/23/2012, Annualized)
4.734.5410.622.02

Performance -Quarter-End

GIVE Performance History (%) as of 09/30/2016
 NAVMarket Price ReturnMSCI World IndexBarclays Capital Aggregate Bond Index
1 Month0.120.210.53-0.06
3 Months2.842.944.870.46
YTD2.863.035.555.80
1 Year5.415.4811.365.19
3 Years3.303.275.854.03
Since Inception
(5/23/2012, Annualized)
5.505.5211.182.84

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 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.

The Barclays Capital Aggregate Bond Index measures the performance of the U.S. investment grade bond market. One cannot invest directly in an index.

Fund Distributions

Ex-DateRecord DatePay DateCash DivST Cap GainLT Cap GainReturn of CapitalTotal Distribution
12-23-16
12-28-16
12-30-16
-----
09-26-16
09-28-16
09-30-16
$0.0453$0.00$0.00$0.00$0.0453/per share
06-24-16
06-28-16
06-30-16
$0.0888$0.00$0.00$0.00$0.0888/per share
03-24-16
03-29-16
03-31-16
$0.0610$0.00$0.00$0.00$0.0610/per share
12-24-15
12-29-15
12-31-15
$0.0176$0.00$0.4578$0.00$0.4754/per share
09-24-15
09-28-15
09-30-15
$0.0132$0.00$0.00$0.00$0.0132/per share
06-24-15
06-26-15
06-30-15
$0.0514$0.00$0.00$0.00$0.0514/per share
03-25-15
03-27-15
03-31-15
$0.0537$0.00$0.00$0.00$0.0537/per share
12-24-14
12-29-14
12-31-14
$0.00$0.00$0.00$0.00$0.00/per share
09-24-14
09-26-14
09-30-14
$0.329$0.00$0.00$0.00$0.329/per share
06-24-14
06-26-14
06-30-14
$0.00$0.00$0.00$0.00$0.00/per share
03-25-14
03-27-14
03-31-14
$0.00$0.00$0.00$0.00$0.00/per share
12-24-13
12-27-13
12-31-13
$0.024$0.00$0.00$0.00$0.024/per share
09-24-13
09-26-13
09-30-13
$0.00$0.00$0.00$0.00$0.00/per share
06-24-13
06-26-13
06-28-13
$0.00$0.00$0.00$0.00$0.00/per share
03-22-13
03-26-13
03-28-13
$0.00$0.00$0.00$0.00$0.00/per share
12-24-12
12-27-12
12-31-12
$0.00$0.234$0.00$0.00$0.234/per share
09-24-12
09-26-12
09-28-12
$0.00$0.00$0.00$0.00$0.00/per share
06-25-12
06-27-12
06-29-12
$0.00$0.00$0.00$0.00$0.00/per share
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Why Invest in GIVE?

GIVE is a multi-manager, multi-strategy ETF of stocks and bonds with a sustainability and impact investing focus. The fund is a fossil-fuel free portfolio with a built-in philanthropic contribution that helps fund Philippe Cousteau’s GlobalECHO Foundation.

  • For Diversification - GIVE is designed to provide a less correlated return stream to broad market indexes that can be considered part of an investor’s core asset allocation.
  • For Access to Institutional Money Managers - GIVE's portfolio managers are considered experts in Sustainable and Impact investing. Reynders, McVeigh, and Community Capital each manage a sleeve within the overall portfolio.
  • Fossil Fuel Free Investing - Align your portfolio with your values.
  • Help Make the World a Better Place - 40 basis points (0.40%) on GIVE’s total assets is regularly contributed to Philippe Cousteau Jr’s Global Echo Foundation, helping the philanthropic organization achieve its goal of promoting increased sustainable development in three core areas: by encouraging environmental sustainability globally, supporting entrepreneurship through micro-enterprise, and investing in the lives of women and children. AdvisorShares will contribute additional donations to support Philippe’s educational efforts as well as other charitable causes.

GIVE Principal Investment Strategies

GIVE seeks to achieve its investment objective by primarily investing in a variety of securities, including:

  • US Equities
  • International Equities
  • US Fixed Income

The Fund will typically maintain an allocation to both equity and fixed income oriented securities, where its fixed income allocation can range from a 15% minimum to a 65% maximum.

The equity portions focus on long positions in securities, including common and preferred stock of U.S. companies, convertible securities, and international equities. It may invest in companies of any size (from small-cap to mid-cap to large-cap) and in any style (from growth to value).

The fixed income portion primarily invests in agency mortgage-backed securities, taxable municipals, and the government-guaranteed portion of small business loans – all which support community and economic development in the United States (e.g., affordable housing, environmental sustainability, neighborhood revitalization and job creation). Community Capital does not own debt of corporations.

5 Key Attributes

  1. Focus on Sustainability & Making an Impact - With dwindling global natural resources, the effects of climate change, and various socioeconomic issues facing the world, GIVE will provide a unique public/private partnership that can proactively make a difference with its capital allocations.
  2. Diversified Exposure - GIVE invests in a diversified portfolio of securities such as U.S. equities (both common and preferred), international equities and fixed income securities.
  3. Multi-Manager - GIVE is managed by two portfolio managers with many years of sustainable investment experience. A portion of GIVE’s assets is allocated to each manager who then employs their respective investment strategies.
  4. Multi-Strategy - GIVE’s portfolio managers employ separate and unique global equity and domestic bond strategies all with a sustainability and impact investing focus.
  5. Global Echo Foundation - Co-founded by Philippe Cousteau Jr., its mission is to promote sustainable development across a number of different themes, including social issues impacting women and children, environmental education, and entrepreneurship. AdvisorShares regularly contributes 0.40% of GIVE’s assets under management to the Global Echo Foundation to help support its philanthropic mission. Philippe also serves as an educational resource to the investment community on impact and sustainable themes.

GIVE Portfolio Managers

These two portfolio management teams manage GIVE. Reynders, McVeigh, and Community Capital. Each team brings many years of experience in investing with a sustainable investing mindset to GIVE.

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Reynders, McVeigh Capital Management, LLC

GIVE Investment Strategy Focus: Core Equity Strategies (Global with a U.S. focus), Concentrated Growth

  • Charlton Reynders, Chairman and Chief Executive Officer
  • Patrick McVeigh, President and Chief Investment Officer

Reynders, McVeigh Capital Management, LLC (Reynders, McVeigh) of Boston, Massachusetts, is a Boston-based investment management firm focused on socially progressive investments. The firm creates tailored portfolios with cores comprised of companies that demonstrate fundamental strength and long-term vision in industries that are poised for significant transformation. Since its inception, Reynders, McVeigh has grown through performance and a steadily expanding client base to service over $600 million in assets under management and advise on more than $4 billion for trust offices around the country. Ranked 4th on AdvisorOne’s list of 2011 Top Wealth Managers, Reynders, McVeigh leverages its proprietary research and emphasizes transparency, discretion, and a deep due diligence process in support of each investment.

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Community Capital Management, Inc.

GIVE Investment Strategy Focus: Core U.S. Fixed Income Strategies

  • Julie Egan, Director of Municipal Research and Portfolio Manager
  • Elliot Gilfarb, Sr. Portfolio Manager
  • Andy Kaufman, Sr. Portfolio Manager

Community Capital Management, Inc. (Community Capital) of Weston, Florida, focuses on providing fixed income management and exceptional client service to institutional investors. Its primary goal is to produce above-average, risk-adjusted returns while providing added diversification and simultaneously having a positive impact on the community and the environment.

A Unique Opportunity - The Global Echo Foundation

Today’s global issues require a new approach to problem solving. The Global Echo Foundation, is a 501(c)(3) charitable foundation co-founded by Philippe Cousteau Jr., to provide funding solutions to many of the challenges facing the world community from social issues impacting women and children to environmental conservation. The Foundation will also focus on supporting social entrepreneurship.

The Global Echo Foundation will employ a blended model of strategic investment and sustainable philanthropy, to create a financial approach that will help drive resources to solving some of the world’s biggest environmental and social dilemmas.

The Global Echo Foundation is focused on providing funding and support in three main areas:

  1. Investing in the lives of women and children – In developing nations around the world, the health and well-being of local communities and economies often depends on the efforts of women and mothers. By investing in programs that support employment opportunities and health initiatives for women, family and community health can be dramatically strengthened and improved.
  2. Supporting social entrepreneurship - Innovation is an essential element in building a brighter future. Helping support and create a system that encourages entrepreneurial enterprises can help accelerate positive change.
  3. Encouraging environmental sustainability globally - Many regional and local communities are exploring viable long-term solutions to pressing issues impacting the health and well-being of people and the planet. In many cases adequate funding is the biggest obstacle to success.

40 basis points (0.40%) of GIVE’s assets under management is regularly contributed to the Global Echo Foundation. Additional amounts will be contributed by AdvisorShares to support Philippe’s educational efforts and in addition, AdvisorShares will contribute additional basis points to charitable causes.

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Morningstar Rating ™

10 Yr 5 Yr 3 Yr Overall Category # in Overall Category
N/A N/A Allocation--50% to 70% Equity 836
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 10/31/2016. Category consists of 836 funds in 3 year, 719 in 5 year, and 497 in 10 year.

Manager Minutes, July 2016

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Price History

As of: 12/08/2016
NAV$60.97Closing Price$60.67
Change$0.07Change$2.43
Shares Outstanding75,000Volume1,266
4PM Bid/Offer Midpoint$60.39Premium/Discount$-0.58
Assets Under Management$4,572,377.34
Premium/Discount Historical Data

 

Equity Holdings

As of: 12/08/2016
Ticker Name Weight
XYL XYLEM INC/NY 1.76%
FISV FISERV INC 1.64%
TMRAY TOMRA SYSTEMS A/S/A -SP ADR 1.64%
TMP TOMPKINS FINANCIAL CORP 1.59%
HOLX HOLOGIC INC 1.52%
GOOGL ALPHABET INC-CL A 1.48%
NTRS NORTHERN TRUST CORP 1.44%
ADBE ADOBE SYSTEMS INC 1.35%
AFL AFLAC INC 1.29%
MA MASTERCARD INC 1.22%
XLNX XILINX INC 1.13%
ADP AUTOMATIC DATA PROCESSING 1.12%
AAPL APPLE INC 1.10%
BSX BOSTON SCIENTIFIC CORP 1.10%
NVZMY NOVOZYMES A/S-UNSPONS ADR 1.09%
TGT TARGET CORP 1.09%
CVS CVS HEALTH CORP 1.06%
ROK ROCKWELL AUTOMATION INC 1.04%
UN UNILEVER N V -NY SHARES 1.01%
SBUX STARBUCKS CORP 1.01%
QCOM QUALCOMM INC 1.00%
SREDY STOREBRAND ASA-UNSPON ADR 0.98%
ATR APTARGROUP INC 0.97%
VOYA VOYA FINANCIAL INC 0.97%
PG PROCTER & GAMBLE CO/THE 0.95%
NXPI NXP SEMICONDUCTORS NV 0.93%
KR KROGER CO 0.93%
NKE NIKE INC -CL B 0.90%
NUE NUCOR CORP 0.88%
ADI ANALOG DEVICES INC 0.86%
MAS MASCO CORP 0.85%
FFIV F5 NETWORKS INC 0.84%
BFAM BRIGHT HORIZONS FAMILY SOLUT 0.83%
NVS NOVARTIS AG-SPONSORED ADR 0.82%
TCB TCF FINANCIAL CORP 0.82%
STKL SUNOPTA INC 0.77%
TTEK TETRA TECH INC 0.76%
IPGP IPG PHOTONICS CORP 0.72%
JCI JOHNSON CONTROLS INTERNATION 0.69%
MKTX MARKETAXESS HOLDINGS INC 0.67%
VFC VF CORP 0.65%
SFM SPROUTS FARMERS MARKET INC 0.64%
CNI CANADIAN NATL RAILWAY CO 0.63%
TEVA TEVA PHARMACEUTICAL-SP ADR 0.63%
COST COSTCO WHOLESALE CORP 0.62%
AMGN AMGEN INC 0.61%
CHD CHURCH & DWIGHT CO INC 0.60%
WAT WATERS CORP 0.59%
GILD GILEAD SCIENCES INC 0.59%
PLD PROLOGIS INC 0.57%
SEE SEALED AIR CORP 0.55%
EBAY EBAY INC 0.55%
FB FACEBOOK INC-A 0.52%
PRGO PERRIGO CO PLC 0.51%
NSRGY NESTLE SA-SPONS ADR 0.51%
IONS IONIS PHARMACEUTICALS INC 0.51%
ABT ABBOTT LABORATORIES 0.51%
T AT&T INC 0.50%
EL ESTEE LAUDER COMPANIES-CL A 0.50%
INTC INTEL CORP 0.50%
ITW ILLINOIS TOOL WORKS 0.49%
UL UNILEVER PLC-SPONSORED ADR 0.49%
MAN MANPOWERGROUP INC 0.49%
SJM JM SMUCKER CO/THE 0.48%
CAH CARDINAL HEALTH INC 0.45%
CLC CLARCOR INC 0.43%
KGFHY KINGFISHER PLC-SPONS ADR 0.43%
MSFT MICROSOFT CORP 0.43%
FSLR FIRST SOLAR INC 0.42%
BPFH BOSTON PRIVATE FINL HOLDING 0.41%
A AGILENT TECHNOLOGIES INC 0.40%
BDX BECTON DICKINSON AND CO 0.38%
ILMN ILLUMINA INC 0.37%
RY ROYAL BANK OF CANADA 0.36%
UE URBAN EDGE PROPERTIES 0.34%
DHR DANAHER CORP 0.31%
TMO THERMO FISHER SCIENTIFIC INC 0.30%
FEYE FIREEYE INC 0.30%
GBERY GEBERIT AG-UNSP ADR 0.28%
VWDRY VESTAS WIND SYSTEMS-UNSP ADR 0.28%
AMED AMEDISYS INC 0.27%
STRNY SEVERN TRENT PL-SPON ADR 0.27%
HSIC HENRY SCHEIN INC 0.25%
CTXS CITRIX SYSTEMS INC 0.20%
TEN TENNECO INC 0.20%
MDRX ALLSCRIPTS HEALTHCARE SOLUTI 0.18%
DISCA DISCOVERY COMMUNICATIONS-A 0.18%
MMM 3M CO 0.17%
CSCO CISCO SYSTEMS INC 0.17%
ORCL ORACLE CORP 0.16%
PNRA PANERA BREAD COMPANY-CLASS A 0.16%
XRX XEROX CORP 0.16%
FTV FORTIVE CORP 0.11%
ADNT ADIENT PLC 0.09%

Fixed Income Holdings

As of: 12/08/2016
Name Weight
FN AM3378 3.76 5/1/2043 7.19%
SBA522029 FRN 2/25/2039 3.48%
SBAP 2009-20H 1 4.45 8/1/2029 3.30%
GNR 2015-160 AC FRN 1/16/2056 3.18%
SBA521970 FRN 7/25/2038 2.63%
GNR 2015-41 AE FRN 9/16/2056 2.59%
SBIC 2010-10A 1 4.108 3/10/2020 1.75%
NY STATE ENV FAC CORP 3.113 7/15/2039 1.57%
GNR 2011-109 AC 3.25 4/16/2043 1.17%
TAOT 2016-B A2A 1.02 10/15/2018 <1%
MO HLTH & ED-A-TXBL 3.685 2/15/2047 <1%
FN AN3489 3.02 11/1/2031 <1%
HONOLULU CITY & CNTY 1.706 10/1/2021 <1%

Cash & Cash Equivalents

As of: 12/08/2016
TickerNameWeight
---CASH6.75%

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

    GIVE

  • Exchange

    NYSE Arca

  • Inception Date

    05/23/2012

  • CUSIP

    00768Y776

  • Indicative Value

    GIVE.IV

  • Options

    No

Fees & Expenses

  • Management Fee

    1.10%

  • Other Expenses

    0.40%

  • Acquired Fund Fees

    0.01%

  • Gross Expense Ratio

    1.51%

  • Net Expense Ratio

    1.51%