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(YPRO) YieldPro ETF

Overview

How YPRO Works

The AdvisorShares YieldPro ETF (NASDAQ: YPRO) seeks to provide current income and capital appreciation. YPRO is managed by The Elements Financial Group, LLC (“Portfolio Manager”). YPRO may be concentrated in ETFs that represent specific sectors of the credit markets and specific segments of the yield curve. Generally, YPRO’s holdings will be focused on traditional government and corporate bonds, but may include high-yield securities, preferred stocks, and Real Estate Investment Trusts (REITs). The Portfolio Manager actively manages YPRO’s credit risk, maturity risk, and volatility.

Fund Documents

Portfolio Manager Commentaries

YPRO Fund Statistics & Asset Allocation

as of 07/31/2015
  YPRO
30-Day SEC Subsidized Yield 1.01%
30-Day SEC Unsubsidized Yield 1.01%

Past Performance is not indicative of future results. 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.

YPRO Asset Allocation (as of 07/31/2015)

YPRO 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.
02/26/2015 -

AdvisorShares Press Release, AdvisorShares Announces February 2015 Distributions

12/30/2014 -

AdvisorShares Press Release, AdvisorShares Announces December 2014 Distributions

11/26/2014 -

AdvisorShares Press Release, AdvisorShares Announces November 2014 Distributions

10/29/2014 -

AdvisorShares Press Release, AdvisorShares Announces October 2014 Distributions

09/26/2014 -

AdvisorShares Press Release, AdvisorShares Announces September 2014 Distributions

Performance -Month-End

YPRO Performance History (%) as of 07/31/2015
 NAVMarket Price ReturnBarclays Capital Aggregate Bond Index
1 Month0.160.340.70
3 Months-1.08-1.04-0.64
YTD-1.60-1.350.59
1 Year-4.27-3.922.82
Since Inception
(03/04/2014)
-2.07-2.073.27

Performance -Quarter-End

YPRO Performance History (%) as of 06/30/2015
 NAVMarket Price ReturnBarclays Capital Aggregate Bond Index
1 Month-0.50-0.63-1.09
3 Months-1.52-1.69-1.68
YTD-1.76-1.68-0.10
1 Year-4.92-5.201.86
Since Inception
(03/04/2014)
-2.32-2.45-2.33

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 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
09-24-15
09-28-15
09-30-15
-----
08-25-15
08-27-15
08-31-15
$0.0177$0.00$0.00$0.00$0.0177/per share
07-24-15
07-28-15
07-30-15
$0.0177$0.00$0.00$0.00$0 0177/per share
06-24-15
06-26-15
06-30-15
$0.0139$0.00$0.00$0.00$0.0139/per share
05-22-15
05-27-15
05-29-15
$0.1545$0.00$0.00$0.00$0.1545/per share
04-24-15
04-28-15
04-30-15
$0.0827$0.00$0.00$0.00$0.0827/per share
03-25-15
03-27-15
03-31-15
$0.0588$0.00$0.00$0.00$0.0558/per share
02-23-15
02-25-15
02-27-15
$0.0518$0.00$0.00$0.00$0.0518/per share
01-26-15
01-28-15
01-30-15
$0.0559$0.00$0.00$0.00$0.0559/per share
12-24-14
12-29-14
12-31-14
$0.093$0.00$0.00$0.00$0.093/per share
11-21-14
11-25-14
11-28-14
$0.140$0.00$0.00$0.00$0.140/per share
10-27-14
10-29-14
10-31-14
$0.097$0.00$0.00$0.00$0.097/per share
09-24-14
09-26-14
09-30-14
$0.065$0.00$0.00$0.00$0.065/per share
08-25-14
08-27-14
08-29-14
$0.079$0.00$0.00$0.00$0.079/per share
07-25-14
07-29-14
07-31-14
$0.099$0.00$0.00$0.00$0.099/per share
06-24-14
06-26-14
06-30-14
$0.060$0.00$0.00$0.00$0.060/per share
05-23-14
05-28-14
05-30-14
$0.053$0.00$0.00$0.00$0.053/per share
04-24-14
04-28-14
04-30-14
$0.083$0.00$0.00$0.00$0.083/per share
03-25-14
03-27-14
03-31-14
$0.011$0.00$0.00$0.00$0.011/per share
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Why Invest in YPRO?

  • For Active Maturity Risk Management - YPRO will invest in shorter term maturities when the principal risk of long term securities is unacceptable.
  • For Active Credit Risk Management - YPRO will invest in government securities when the yield of other segments of income securities are not sufficient to compensate for credit risk.

5 Key Attributes

  1. Fixed Income Segment Flexibility - YPRO has the flexibility to actively move between different segments of the fixed income market.
  2. Active Yield Curve Management - The Portfolio Manager has the ability to move along the yield curve, depending on risk within the market.
  3. Correlation - YPRO aims to produce returns that correlate with general bond market indices.
  4. Volatility - YPRO may be more or less volatile than general bond market indices depending on the maturity and credit exposures employed at a given time.
  5. Proven Experience - The Portfolio Manager represents nearly 40 years of continuous fixed income experience.

About the Portfolio Managers

Bob Baker, Portfolio Manager
Mr. Baker joined The Elements Financial Group, LLC in 2015. He has been involved in the investment management and mutual fund industry for 30 years. Since 1998, Mr. Baker has been President of Advanced Asset Management Advisors, Inc., an SEC-registered investment advisory firm in Columbus, Ohio. From 1984 to 1998, Mr. Baker served as Vice President of R. Meeder & Associates and President of Meeder Advisory Services. Part of his responsibilities during that time included portfolio management and overseeing the Retirement Plan Services division. He also participated in the development, launch and marketing of twelve load and no-load mutual funds. From 1979 to 1984, Mr. Baker was affiliated with Bank One Trust Company (City National Bank & Trust Company) in Columbus, Ohio, where he was a Trust Officer involved in portfolio management. A native of Ohio, he graduated from The Ohio State University in 1981 with a Bachelor of Science Degree in Finance.

Phil Voelker, Portfolio Manager
Mr. Voelker joined The Elements Financial Group, LLC in 2015. He has spent the last 40 years managing portfolios with objectives ranging from short-term cash management to aggressive equity and venture capital investing. Unlike many generalists, his investment background is unique, having gained specialized portfolio management experience in each strategy. Mr. Voelker’s investment advisor and mutual fund management experience lends efficiencies to the company’s operations. Mr. Voelker is Chief Investment Officer of Advanced Asset Management Advisors, Inc. Prior to joining Advanced Asset Management Advisors in 2001, Mr. Voelker served as Chief Investment Officer for Meeder Asset Management from 1974 to 2001, where he was personally responsible for the firm’s multibillion dollar investment management assignments. Mr. Voelker graduated cum laude from The Ohio State University in 1974.

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Manager Minutes, June 2015

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Price History

As of: 09/02/2015
NAV$23.01Closing Price$23.00
Change$-0.02Change$-0.08
Shares Outstanding1,300,000Volume296
4PM Bid/Offer MidpointPremium/Discount
Assets Under Management$29,916,904.94
Premium/Discount Historical Data

 

Top Holdings

As of: 09/02/2015
Ticker Name Weight
BSV VANGUARD SHORT-TERM BOND ETF 22.30%
SCPB SPDR BARCLAYS SHORT TERM COR 21.16%

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.

Fund Basics

  • Symbol

    YPRO

  • Exchange

    NASDAQ

  • Inception Date

    03.04.2014

  • CUSIP

    00768Y644

  • Indicative Value

    YPRO.IV

  • Options

    No

Fees & Expenses

  • Management Fee

    0.80%

  • Other Expenses

    0.27%

  • Acquired Fund Fees

    0.44%

  • Gross Expense Ratio

    1.51%

  • Net Expense Ratio

    1.51%