AdvisorShares Press Release, AdvisorShares Announces December 2014 Distributions
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 three 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.
|NAV||Market Price Return||MSCI World Index||Barclays Capital Aggregate Bond Index|
|NAV||Market Price Return||MSCI World Index||Barclays Capital Aggregate Bond Index|
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.
|Ex-Date||Record Date||Pay Date||Cash Div||ST Cap Gain||LT Cap Gain||Return of Capital||Total Distribution|
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.
GIVE seeks to achieve its investment objective by primarily investing in a variety of securities, including:
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.
The following three portfolio management teams manage GIVE. Baldwin Brothers, Community Capital, and Reynders, McVeigh. Each team brings many years of experience in investing with a sustainable investing mindset to GIVE.
GIVE Investment Strategy Focus: Core Equity Strategies (Global), Sustainability
Baldwin Brothers, Inc. (Baldwin Brothers) of Marion, Massachusetts has pioneered innovative investment solutions for influential individuals, families and institutions around the world, since 1974. Baldwin Brothers anticipates and identifies watershed movements, shifts and shake ups in our culture and world, and creates ingenious portfolios and funds that present significant, relevant opportunity for sustainable performance.
In addition to managing one of the two equity strategies within GIVE, Baldwin Brothers was designated to allocate and monitor the allocation of the Fund’s assets to each portfolio management team to ensure that the Fund’s portfolio maintains the proper investment exposure to seek to achieve its investment objective.
GIVE Investment Strategy Focus: Core U.S. Fixed Income Strategies
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.
GIVE Investment Strategy Focus: Core Equity Strategies (Global with a U.S. focus), Concentrated Growth
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.
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:
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.
|4PM Bid/Offer Midpoint||$61.62||Premium/Discount||$0.02|
|Assets Under Management||$6,160,336.69|
|Premium/Discount Historical Data|
|TMRAY||TOMRA SYSTEMS A/S/A -SP ADR||1.66%|
|NVZMY||NOVOZYMES A/S-UNSPONS ADR||1.47%|
|GOOGL||ALPHABET INC-CL A||1.45%|
|ADBE||ADOBE SYSTEMS INC||1.32%|
|BSX||BOSTON SCIENTIFIC CORP||1.26%|
|CVS||CVS HEALTH CORP||1.26%|
|TMP||TOMPKINS FINANCIAL CORP||1.24%|
|UN||UNILEVER N V -NY SHARES||1.17%|
|MA||MASTERCARD INC-CLASS A||1.11%|
|DIIBF||DOREL INDUSTRIES-CL B||1.11%|
|NTRS||NORTHERN TRUST CORP||1.10%|
|NKE||NIKE INC -CL B||1.02%|
|ADP||AUTOMATIC DATA PROCESSING||1.01%|
|PG||PROCTER & GAMBLE CO/THE||0.99%|
|NVS||NOVARTIS AG-SPONSORED ADR||0.96%|
|TEVA||TEVA PHARMACEUTICAL-SP ADR||0.89%|
|ROK||ROCKWELL AUTOMATION INC||0.88%|
|NXPI||NXP SEMICONDUCTORS NV||0.83%|
|JCI||JOHNSON CONTROLS INC||0.83%|
|BFAM||BRIGHT HORIZONS FAMILY SOLUT||0.79%|
|ADI||ANALOG DEVICES INC||0.73%|
|FFIV||F5 NETWORKS INC||0.72%|
|SREDY||STOREBRAND ASA-UNSPON ADR||0.70%|
|SFM||SPROUTS FARMERS MARKET INC||0.69%|
|MKTX||MARKETAXESS HOLDINGS INC||0.67%|
|VOYA||VOYA FINANCIAL INC||0.67%|
|CHD||CHURCH & DWIGHT CO INC||0.67%|
|GILD||GILEAD SCIENCES INC||0.65%|
|COST||COSTCO WHOLESALE CORP||0.64%|
|IPGP||IPG PHOTONICS CORP||0.62%|
|TCB||TCF FINANCIAL CORP||0.60%|
|TTEK||TETRA TECH INC||0.60%|
|NSRGY||NESTLE SA-SPONS ADR||0.59%|
|CNI||CANADIAN NATL RAILWAY CO||0.58%|
|UL||UNILEVER PLC-SPONSORED ADR||0.58%|
|EL||ESTEE LAUDER COMPANIES-CL A||0.57%|
|PRGO||PERRIGO CO PLC||0.55%|
|SEE||SEALED AIR CORP||0.53%|
|SJM||JM SMUCKER CO/THE||0.52%|
|CAH||CARDINAL HEALTH INC||0.50%|
|KGFHY||KINGFISHER PLC-SPONS ADR||0.47%|
|FSLR||FIRST SOLAR INC||0.47%|
|ITW||ILLINOIS TOOL WORKS||0.46%|
|BDX||BECTON DICKINSON AND CO||0.41%|
|A||AGILENT TECHNOLOGIES INC||0.41%|
|VWDRY||VESTAS WIND SYSTEMS-UNSP ADR||0.40%|
|UE||URBAN EDGE PROPERTIES||0.34%|
|IONS||IONIS PHARMACEUTICALS INC||0.33%|
|STRNY||SEVERN TRENT PL-SPON ADR||0.33%|
|RY||ROYAL BANK OF CANADA||0.33%|
|BPFH||BOSTON PRIVATE FINL HOLDING||0.32%|
|TMO||THERMO FISHER SCIENTIFIC INC||0.32%|
|GBERY||GEBERIT AG-UNSP ADR||0.31%|
|HSIC||HENRY SCHEIN INC||0.27%|
|MDRX||ALLSCRIPTS HEALTHCARE SOLUTI||0.21%|
|CTXS||CITRIX SYSTEMS INC||0.19%|
|CSCO||CISCO SYSTEMS INC||0.17%|
|PNRA||PANERA BREAD COMPANY-CLASS A||0.16%|
|FN AM3378 3.76 5/1/2043||5.90%|
|SBAP 2010-20B 1 4.14 2/1/2030||3.74%|
|SBA522029 FRN 2/25/2039||2.64%|
|GNR 2015-41 AE FRN 9/16/2056||2.61%|
|SBAP 2009-20H 1 4.45 8/1/2029||2.50%|
|GNR 2015-160 AC FRN 1/16/2056||2.43%|
|GNR 2011-109 AC 3.25 4/16/2043||2.27%|
|SBA521970 FRN 7/25/2038||2.05%|
|SBAP 2010-20A 1 4.38 1/1/2030||1.93%|
|SBIC 2010-10A 1 4.108 3/10/2020||1.49%|
|MO HLTH & ED-A-TXBL 3.685 2/15/2047||<1%|
|TAOT 2016-B A2A 1.02 10/15/2018||<1%|
|US TREASURY N/B 2.5 5/15/2046||<1%|
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.
Gross Expense Ratio
Net Expense Ratio