Press Release – AdvisorShares Launches HVAC and Industrials ETF (Ticker: HVAC)
FOR IMMEDIATE RELEASE
AdvisorShares HVAC and Industrials ETF Introducing a New Opportunity for Growth in Thematic Investing
Becomes the first and only ETF dedicated to investing in the expanding and vital industry supporting modern infrastructure and daily life
BETHESDA, MD — February 4, 2025 — AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), today announced the launch of the AdvisorShares HVAC and Industrials ETF (Ticker: HVAC). Beginning trading today, the actively managed HVAC becomes the first ETF to focus exclusively on American companies within the heating, ventilation and air conditioning (HVAC) industry.
HVAC seeks long-term capital appreciation by investing in a focused portfolio of U.S.-listed equities and American depositary receipts of companies in the HVAC investment universe, including system manufacturers, service providers and installers. The ETF is designed for investors seeking alpha in a high-growth sector. While select HVAC stocks are included in funds tracking broader market indices, their performance is often diluted by exposure to unrelated sectors. This ETF provides targeted, high-conviction exposure to the HVAC space, offering the potential for differentiated returns.
“The HVAC industry continues to demonstrate rapid growth and resilience with an established history of outperforming the broader market,” said Noah Hamman, CEO of AdvisorShares. “We believe the HVAC ETF provides a compelling opportunity for investors to access targeted exposure to a sector primed for long-term expansion, driven by increasing construction, energy efficiency trends, and climate resilience—all delivered in a fully transparent and efficient ETF investment vehicle.”
To showcase the investment opportunity in HVAC and Industrials, AdvisorShares has published a detailed whitepaper, “The Heat is On: Innovation, Stability, and Growth in the HVAC Industry,” which examines the history of the HVAC industry, its role in capital goods, the case for investing in HVAC stocks, including historical performance and projected growth for the space. To download and view the whitepaper, please visit www.hvac.advisorshares.com.
HVAC joins other notable thematic offerings in the AdvisorShares ETF suite including the AdvisorShares Hotel ETF (Ticker: BEDZ) and the AdvisorShares Restaurant ETF (Ticker: EATZ) which each carry five-star Morningstar ratings for their overall risk-adjusted performance*.
Today, February 4, at 1:00pm EST, AdvisorShares will host a live webinar with their experts to discuss the HVAC investment space, its role in client portfolios and the long-term investment potential of HVAC-related industries. You may register and attend this webinar by visiting advisorshares.com/events/webinars/HVAC.
For more information on the AdvisorShares HVAC and Industrials ETF (HVAC), please visit www.hvac.advisorshares.com.
*BEDZ earned five stars for its overall rating out of 48 funds and five stars for its three-year 48 funds based on risk-adjusted returns in Morningstar’s US Fund Consumer Cyclical category, as of December 31, 2024. EATZ earned five stars for its overall rating out of 48 funds and five stars for its three-year rating out of 48 funds based on risk-adjusted returns in Morningstar’s US Fund Consumer Cyclical category, as of December 31, 2024
About AdvisorShares
AdvisorShares is a leading provider of actively managed ETFs. For financial professionals and investors requesting more information, call 1-877-843-3831 or visit advisorshares.com. Follow @AdvisorShares on X and LinkedIn for more insights.
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information are in the prospectus, a copy of which may be obtained by visiting the Fund’s website at www.advisorshares.com. Please read the prospectus and summary prospectus carefully before you invest. Foreside Fund Services, LLC, distributor.
An investment in the Fund is subject to risk, including the possible loss of principal amount invested. There is no guarantee that the Fund will achieve its investment objective.
HVAC Companies Risk. HVAC companies are subject to a variety of factors that may adversely affect their business or operations, including costs associated with environmental and other regulations, the effects of an economic slowdown, surplus capacity or technological obsolescence, industry competition, labor relations, rate caps or rate changes and other factors. Certain HVAC companies may be subject to extensive regulation by various governmental authorities. The costs of complying with governmental regulations, delays or failures to receive required regulatory approvals or the enactment of new adverse regulatory requirements may adversely affect HVAC companies. HVAC companies may also be affected by service interruption and/or legal challenges due to environmental, operational or other conditions or events, and the imposition of special tariffs and changes in tax laws, regulatory policies and accounting standards. There is also the risk that corruption may negatively affect publicly-funded infrastructure projects, especially in non-U.S. markets, resulting in work stoppage, delays and cost overruns. Other risks associated with HVAC companies include uncertainties resulting from such companies’ diversification into new domestic and international businesses, as well as agreements by any such companies linking future rate increases to inflation or other factors not directly related to the actual operating profits of the enterprise. HVAC companies also can be significantly affected by the national, regional and local real estate markets.
American Depositary Receipt Risk. ADRs have the same currency and economic risks as the underlying non-U.S. shares they represent. They are affected by the risks associated with non-U.S. securities, such as changes in political or economic conditions of other countries, changes in the exchange rates of, or exchange control regulations associated with, foreign currencies, and differing accounting, auditing, financial reporting, and legal standards and practices. In addition, investments in ADRs may be less liquid than the underlying securities in their primary trading market.
Equity Risk. The prices of equity securities rise and fall daily. These price movements may result from factors affecting individual issuers, industries or the securities market as a whole. In addition, equity markets tend to move in cycles, which may cause stock prices to fall over short or extended periods of time.
Alpha. One of the most commonly quoted indicators of investment performance, alpha, is defined as the excess return on an investment relative to the return on a benchmark index.
The Morningstar Rating™ for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.
©2025 Morningstar, Inc. All Rights Reserved. Morningstar and/or its content providers are the proprietors of this information; do not permit its unauthorized copying or distribution; do not warrant it to be accurate, complete or timely; and are not responsible for damages or losses arising from its use. Past performance is no guarantee of future results.