AdvisorShares Press Release: AdvisorShares Announces Sub-Advisor Change for Float Shrink ETF (TTFS)
TTFS Investor Conference Call Recording - Please click here to listen to Josh Emanuel, Chief Investment Officer of Wilshire Funds Management, who will also serve as TTFS' portfolio manager as of July 1, 2016, discuss the fund's investment strategy and its upcoming sub-advisor transition in detail.
|Free Cash Flow Yield||7.57%|
|30-Day SEC Subsidized Yield||0.68%|
|30-Day SEC Unsubsidized Yield||0.38%|
|Price/Earnings (P/E) Ratio||18.09|
|Average Market Cap||$42.46 Bil|
Past Performance is not indicative of future results. TTFS statistics are for the actual TTFS security holdings as of the listed date, excluding cash. Float Shrink represents the percent change in shares outstanding. This is an average of all holdings in the portfolio as of the date shown. Free Cash Flow Yield is the free cash flow per share divided by the price of the stock. This is an average of all holdings in the portfolio as of the date shown. 30–Day SEC Yield (Standardized Yield) is an annualized yield that is calculated by dividing the investment income earned by the Fund less expenses over the most recent 30-day period by the current maximum offering price. The Subsidized Yield reflects fee waivers and/or expense reimbursements recorded by the Fund during the period. Without waivers and/or reimbursements, yields would be reduced. The Unsubsidized Yield does not adjust for any fee waivers and/ or expense reimbursements in effect. If the Fund does not incur any fee waivers and/or expense reimbursements during the period, the 30-Day Subsidized Yield and 30-Day Unsubsidized Yield will be identical. P/E Ratio is the current ratio of the companies price to earnings. Average Market Cap represents the average market cap of all holdings in the portfolio.
|NAV||Market Price Return||Russell 3000 Index|
|NAV||Market Price Return||Russell 3000 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 Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity 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|
Ted Theodore, CFA - Portfolio Manager and Executive Vice President
Mr. Theodore is an experienced investment professional, having specialized both in portfolio management and investment strategy. In addition to having been a senior portfolio manager at Citibank and Morgan Stanley, he was head of equity strategy at Citibank and author of the first published research analysis of growth vs. value investing while at Morgan Stanley. His roles have ranged from director of research to chief investment officer. Mr. Theodore’s research has been published widely, including in the Journal of Investing and the Journal of Portfolio Management. Mr. Theodore has been a frequent speaker at a wide range of conferences and was chair of the Asset Allocation Congress. On a number of occasions, Mr. Theodore has conducted half-day workshops on global tactical asset allocation. In addition to investing in financial futures and other derivatives, he was an early adopter of ETFs and started one of the first ETF strategist products. Mr. Theodore earned both an MBA in finance and undergraduate degree in economics from the University of Michigan. He is a member of the Institute of Chartered Financial Analysts, the New York Society of Security Analysts and the Market Technicians Association.
|4PM Bid/Offer Midpoint||$54.28||Premium/Discount||$-0.02|
|Assets Under Management||$152,038,071.54|
|Premium/Discount Historical Data|
|DG||DOLLAR GENERAL CORP||1.22%|
|TXN||TEXAS INSTRUMENTS INC||1.19%|
|VZ||VERIZON COMMUNICATIONS INC||1.18%|
|MO||ALTRIA GROUP INC||1.17%|
|CRUS||CIRRUS LOGIC INC||1.16%|
|HII||HUNTINGTON INGALLS INDUSTRIE||1.15%|
|BWXT||BWX TECHNOLOGIES INC||1.15%|
|CDK||CDK GLOBAL INC||1.13%|
|UBNT||UBIQUITI NETWORKS INC||1.12%|
|LSTR||LANDSTAR SYSTEM INC||1.11%|
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.
Gross Expense Ratio
Fee Waiver and/or Expense Reimbursement
Net Expense Ratio