The AdvisorShares Sunrise Global Multi-Strategy ETF (NASDAQ: MULT) seeks to provide long-term total returns by investing long and short in a variety of asset classes and investment strategies. MULT is managed by Sunrise Capital Partners (“Portfolio Manager”), an asset management firm with over three decades of experience in the alternative investment arena. The Portfolio Manager seeks to achieve MULT’s objective by tactically investing, both long and short, in global equity, bond, currency and commodity markets as opportunities arise within those markets.
The Portfolio Manager takes a highly disciplined, non-emotional systematic investment approach, focusing on price trends and other reoccurring anomalous patterns with global markets. This approach emphasizes multi-faceted diversification over all else and looks to expose investors to a wide range of investment sectors, markets, and geographies via multiple investment techniques and across multiple investment time frames. The Portfolio Manager’s investment approach is designed to be agnostic to the economic environment to ensure that MULT can potentially achieve positive returns even in crisis environments.
AdvisorShares Press Release, Launch Date Announced for AdvisorShares Sunrise Global Multi-Strategy ETF (MULT)
|NAV||Market Price Return||BarclayHedge BTOP 50 Index|
|NAV||Market Price Return||BarclayHedge BTOP 50 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 BTOP50 Index seeks to replicate the overall composition of the managed futures industry with regard to trading style and overall market exposure. The BTOP50 employs a top-down approach in selecting its constituents. The largest investable trading advisor programs, as measured by assets under management, are selected for inclusion in the BTOP50. In each calendar year the selected trading advisors represent, in aggregate, no less than 50% of the investable assets of the Barclay CTA Universe. One cannot invest directly in an index.
MULT may serve as the anchor for the alternative investment portion of a diversified investment portfolio. MULT has the flexibility to trade in an out of many markets long or short and its targeting of absolute returns instead of relative returns leads to its objective of having a low and occasionally negative correlation to the more traditional equity and fixed income asset classes.
The Portfolio Manager’s management of MULT is very tactical, overseeing not just multiple strategies but also multiple asset classes, markets and time horizons within those strategies, asset classes and markets.
Historically the better performing asset class rotate from year to year (it’s rare that last year’s best performer will be this year’s best performer) and MULT‘s go-anywhere-flexibility offers the opportunity to capture this year’s better performing asset classes and then rotate into next year’s best performing asset classes all in one fund.
Chris Stanton, Chief Investment Officer
Mr. Stanton, a Partner in Sunrise, joined the firm in 2012 and in addition to his investment duties, is also a member of Sunrise’s Management Committee. Prior to joining Sunrise, Stanton traded extensively in a wide range of global commodity and currency markets as Vice President and Portfolio Manager for Deerhurst Capital Management and as Capital Markets Officer for JP Morgan. In those roles, Stanton managed multi-million dollar portfolios and conducted all market and fundamental risk analysis for those portfolios. In addition, he provided broad finance-related legal and risk management services while working as an attorney with two prestigious global law firms, Quinn, Emannuel, Urquhart & Sullivan LLP and Cravath, Swaine & Moore LLP in New York City. Stanton holds a J.D. cum laude from Northwestern University and a Bachelor of Science in Engineering from Lehigh University.
Rick Slaughter, Chief Research Officer
Mr. Slaughter is a pioneer of the alternative investment industry and a Founding Partner of Sunrise who in addition to his research and investment activities is also a member of Sunrise’s Management Committee. Acting on a life-long passion for trading global markets, Slaughter launched his first alternative investment fund while completing his B.S. in Finance at San Diego State University in 1974. After graduate work in finance at San Diego State and Systems Management at the University of Southern California, Slaughter launched Commodity Monitors, Inc. (“CMI”) in 1977, one of the earliest alternative asset management firms in the investment industry. After more than 15 years of success, Slaughter merged CMI into Sunrise in 1995. Since joining Sunrise, Slaughter has spearheaded a multitude of investment innovations and continues to help drive the firm’s research and development activities.
|4PM Bid/Offer Midpoint||$23.61||Premium/Discount||$0.09|
|Assets Under Management||$2,351,599.29|
|Premium/Discount Historical Data|
|XLP||CONSUMER STAPLES SPDR||23.73%|
|XLK||TECHNOLOGY SELECT SECT SPDR||14.39%|
|---||HONG KONG DOLLAR||-0.73%|
|---||HANG SENG IDX FUT NOV14||-0.44%|
|---||US 10YR NOTE (CBT)DEC14||-0.13%|
|---||US 5YR NOTE (CBT) DEC14||-0.12%|
|---||US LONG BOND(CBT) DEC14||-0.07%|
|---||LONG GILT FUTURE DEC14||-0.05%|
|---||GREAT BRITISH POUND||-0.01%|
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.
Acquired Fund Fees
Gross Expense Ratio
Fee Waiver and/or Expense Reimbursement
Net Expense Ratio