(FLRT) PACIFIC ASSET ENHANCED FLOATING RATE ETF

FLRT

Overview

The AdvisorShares Pacific Asset Enhanced Floating Rate ETF (NYSE Arca: FLRT) seeks to provide a high level of current income. FLRT is managed by Pacific Asset Management (“Portfolio Manager”). The Portfolio Manager seeks to achieve FLRT’s investment objective by selecting a focused portfolio comprised primarily of income producing floating rate loans and floating rate debt securities (commonly referred to as bank loans, leveraged loans or floating rate loans), which consist of senior secured and unsecured floating rate loans, secured second lien floating rate loans, and other floating rate debt securities of domestic and foreign issuers.

Symbol Exchange Inception Date CUSIP Indicative Value
FLRT NYSE Arca 2/18/2016 00768Y594 FLRT.IV
<strong>Why Invest in FLRT?</strong>
  • For a Dedicated Yield Focus – Unlike its peers, FLRT offers a dedicated floating rate portfolio focused on yield, approached with a focus on the larger, rated issuers within the loan universe. The Portfolio Manager believes that this process provides a margin of safety and downside risk protection relative to the smaller, non-rated companies.
  • For Opportunistic Leverage –In a bid to enhance potential yield and total return, FLRT has the flexibility to invest 80 -130% of its assets based on the Portfolio Manager’s analysis of market conditions.
  • For a Disciplined Investment Process – The Portfolio Manager believes that a disciplined portfolio decision-making process that focuses on credit fundamentals for individual security selection will lead to outstanding long-term performance versus FLRT’s peers and its benchmark. They further believe that the focus should be on the fundamentals of the businesses in which FLRT invests.
<strong>Where Can FLRT Fit in a Traditional Portfolio?</strong>

FLRT may serve as a yield enhancing, complement to core fixed income positions. Floating rate funds often offer yields that are competitive with the high yield segment but with the added opportunity of potential protection against rising rates.

This is possible due to the nature of the floating rate market which is that the interest rate is adjusted on a regular schedule to attract investor demand. If interest rates in the broad market head higher then the interest rates charged to the borrower will be adjusted higher as well with a modest time lag.

<strong>Key Attributes</strong>
  1. Floating Rate Strategy – FLRT offers investors a focused portfolio comprised of income producing floating rate loans and floating rate debt securities which aims to provide a high level of current income.
  2. Liquid – The Portfolio Manager’s active management approach favors names that make up the most liquid segment of the bank loan marketplace. This allows for more fluid entry and exit of positions as needed.
  3. Focus on Corporate Credit – The Portfolio Manager covers the entire credit spectrum ‘AAA’ to ‘C’, which gives them a unique perspective on relative value and may offer investors favorable risk/reward opportunities.
  4. Limited Asset Class Correlation – With unique structural characteristics, bank loans have limited correlations to most major asset classes, providing portfolio diversification across various fixed income and equity asset classes.
  5. Experienced Bank Loan Investment Team – The Portfolio Manager has focused on bank loans since the firm’s founding. FLRT’s investment professionals possess an average of 14 years of investment experience.
<strong>About the Portfolio Managers</strong>

Bob Boyd, Managing Director Pacific Asset Management
Bob serves as a Portfolio Manager and Credit Analyst for the firm. He joined Pacific Asset Management in 2012. Previously, Bob was with Pacific Investment Management (PIMCO) for 14 years, where he was a Vice President, Bank Loan Portfolio Manager, and Credit Analyst. Bob has over 17 years of investment experience focused on leveraged finance, credit analysis, and structured products. He holds a bachelor’s degree from California State University, Long Beach and an MBA from the University of Southern California.

Michael Marzouk, CFA, Portfolio Manager and ETF Investment Committee Member
Mr. Marzouk is a Managing Director for the Sub-Advisor and a member of the Sub-Advisor’s ETF Investment Committee. Mr. Marzouk serves as a Portfolio Manager and Credit Analyst for the firm. He joined the Sub-Advisor in 2007. Mr. Marzouk has over 17 years of investment experience focused on leveraged finance and credit research. Mr. Marzouk has a bachelor’s degree from the University of California, Los Angeles and an MBA from the Anderson School of Management.

Fund

Price History

As of 11/13/2019

NAV $48.81 Closing Price $48.76
Change $0.01 Close Change $0.02
Shares Outstanding 600,000 Volume 2
4PM Bid/Offer Midpoint $48.75 Premium Discount $-0.06
Assets Under Management $29,286,798.59    

Premium/Discount Historical Data | NAV Historical Data

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.

FUND

Performance

As of 10/31/2019

  NAV Market Price Return S&P/LSTA U.S. Leveraged Loan 100 Index
1 Month -0.06 -0.13 -0.16
3 Months 0.57 0.63 0.06
YTD 7.58 7.48 8.05
1 Year 3.92 3.63 3.39
3 Years 3.19 2.94 4.00
Since Inception (2/18/2015, Annualized) 3.14 3.13 3.59

As of 9/30/2019

  NAV Market Price Return S&P/LSTA U.S. Leveraged Loan 100 Index
1 Month 0.51 0.65 0.71
3 Months 1.43 1.49 1.37
YTD 7.64 7.61 8.27
1 Year 3.47 3.58 3.37
3 Years 3.34 3.41 4.34
Since Inception (2/18/2015, Annualized) 3.21 3.22 3.70

Performance data quoted represents past performance and is no guarantee of future results. All Fund data and performance data quoted is believed to be accurate, and unless otherwise stated, is sourced from the Fund administrator, the Advisor’s or Sub-Advisor’s proprietary data, and Morningstar. 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.

Top Ten

Holdings

As of 11/13/2019

Date Account Symbol Security Number Security Description Shares/Par (Full) Price (Base) Traded Market Value (Base) Portfolio Weight % Asset Group
11/13/2019 FLRT LX17843200005 Dun and Bradsteet 02/06/26 Term Loan 500,000 100.59 502,970.00 1.72% TL
LX17454400005 FINANCIAL & RISK 10/01/25 TERM LOAN 498,744 100.71 502,267.34 1.71% TL
LX18334900005 BERRY PLASTICS 10/19 10/03/22 COV-LITE TERM LOAN 500,000 100.45 502,267.50 1.71% TL
LX18354400005 Charter Comm Operating 10/19 Term Loan 498,731 100.60 501,730.83 1.71% TL
LX16033400005 Level 3 Financing Inc 02/22/24 Term Loan 500,000 100.31 501,562.50 1.71% TL
LX16641400005 ZAYO GROUP TLB-201/19/24 Term Loan 500,000 100.30 501,500.00 1.71% TL
LX17111800005 NVA Holdings, Inc. 02/02/25 Term Loan 497,487 99.99 497,435.20 1.70% TL
LX16947500005 INTELSAT B3 11/27/23 TERM LOAN 500,000 99.43 497,125.00 1.70% TL
LX15927500005 Telesat Canada 2/17 Cov-Lite Term Loan 494,975 100.38 496,831.04 1.70% TL
LX18319700005 HCA 3/18 B10 03/13/25 TERM LOAN 493,734 100.54 496,407.96 1.69% TL
LX17243200005 PPDI (Jaguar Holding) 08/18/22 Term Loan 496,114 100.02 496,198.32 1.69% TL
LX17116100005 Formula One02/01/24 Term Loan 500,000 99.07 495,357.50 1.69% TL
LX16169500005 CABLEVISION TLB L+225 07/17/2025 494,924 99.84 494,112.16 1.69% TL
LX16380400005 KronosIncorporated 11/01/23 Term Loan 493,875 100.03 494,030.90 1.69% TL
LX17347700005 GFL ENVIRONMENTAL TLB L+27505/30/25 TERM LOAN 498,737 98.98 493,672.69 1.69% TL
LX15595900005 QUIKRETE TLB L+325 11/15/23 TERM LOAN 491,593 99.82 490,727.38 1.68% TL
LX16878400001 CAESERS RESORTS 12/23/2024 Term Loan 491,250 99.19 487,258.59 1.66% TL
LX15619600005 BASS PRO TLB L+500 09/25/2024 TERM LOAN 494,962 98.22 486,166.64 1.66% TL
LX172653 SBA Finance 4/18 Term Loan 483,875 100.21 484,912.91 1.66% TL
LX15313400001 US FOODS TLB L+325 06/27/2023 TERM LOAN 477,611 100.43 479,647.99 1.64% TL
LX17405500005 Uber Technologies, Inc. 07/13/23 Term Loan 485,000 98.50 477,725.00 1.63% TL
LX17219200006 Husky IMS 3/18 Cov-Lite Term Loan 494,975 96.23 476,336.60 1.63% TL
LX16547700005 Spin Holdco Inc 11/14/22 Term Loan 478,352 97.49 466,345.12 1.59% TL
LX18107400005 HILTON WORLDWIDE FINANCE 06/22/26 TERM LOAN 461,991 100.62 464,836.82 1.59% TL
LX17996000005 PetSmart, Inc 03/11/22 Term Loan 477,500 96.34 460,042.60 1.57% TL
LX17365500005 GYP HOLDINGS III 06/0125 TERM LOAN 452,335 99.52 450,168.02 1.54% TL
LX16798500005 CLUBCORP TLB09/18/24 TERM LOAN 489,634 89.21 436,792.73 1.49% TL
LX18234700005 APEX TOOL GROUP, LLC 08/01/24 Term Loan 457,343 94.93 434,142.13 1.48% TL
LX17360600005 VALEANT PHARMACE 06/02/25 TERM LOAN 430,879 100.54 433,190.22 1.48% TL
LX17345700005 TRANSDIGM GROUP TLF06/09/23 Term Loan 425,929 100.02 426,011.76 1.45% TL
LX15995900001 INFOR G 02/01/22 Term Loan 422,555 100.29 423,799.12 1.45% TL
LX17581500005 AKZ0 NOBLE TLB10/01/25 TERM LOAN 405,897 99.06 402,094.11 1.37% TL
LX17126900005 Scientific Games 2/18 B5 Term Loan 398,675 99.68 397,393.29 1.36% TL
LX16798900001 U.S.I. 8/17 Incremental 05/16/24 Term Loan 392,000 97.63 382,690.00 1.31% TL
LX17816500005 DAE AVIATION 04/06/26 1/ TERM LOAN 325,175 100.31 326,191.00 1.11% TL
LX17345800005 Avolon 5/18 Term Loan 317,025 100.53 318,689.44 1.09% TL
LX16960900001 Univar USA Inc07/01/24 Term Loan 308,599 100.30 309,535.34 1.06% TL
LX17102300005 CINEWORLD 2/18 (USD) Cov-Lite 02/28/25 Term Loan 307,345 99.49 305,782.08 1.04% TL
LX15900200001 Prestige Brands, Inc 01/26/24 Term Loan 295,232 100.54 296,818.98 1.01% TL
LX16968900001 Gates Global LLC 04/01/24 Term Loan 293,208 98.82 289,756.50 0.99% TL
LX17357800005 Western Digital 05/01/2023 289,117 100.02 289,176.33 0.99% TL
02005NBF6 ALLY FINANCIAL INC 5.75 11/20/2025 250,000 110.62 276,557.50 0.94% B
472141AA8 JBS USA LUX/JBS USA FIN 6.75 2/15/2028 250,000 110.29 275,714.38 0.94% B
81725WAH6 SENSATA TECHNOLOGIES BV 5.625 11/1/2024 250,000 109.95 274,871.25 0.94% B
LX15920200002 Reynold 02/06/23 Term Loan 273,999 100.18 274,501.39 0.94% TL
64072TAC9 CSC HOLDINGS LLC 6.625 10/15/2025 250,000 106.67 266,666.25 0.91% B
70014LAA8 PARK AEROSPACE HOLDINGS 5.25 8/15/2022 250,000 106.59 266,480.50 0.91% FB
852061AS9 SPRINT COMMUNICATIONS 6 11/15/2022 250,000 106.00 265,000.00 0.90% B
82967NBE7 SIRIUS XM RADIO INC 4.625 7/15/2024 250,000 104.63 261,575.00 0.89% B
87264AAN5 T-MOBILE USA INC 6.375 3/1/2025 250,000 104.13 260,312.50 0.89% B
38113YAE9 GOLDEN NUGGET INC 6.75 10/15/2024 250,000 103.79 259,478.75 0.89% B
44267DAB3 HOWARD HUGHES CORP 5.375 3/15/2025 250,000 103.79 259,478.75 0.89% B
LX15596100005 Advanced Disposal 11/16 Cov-Lit Term Loan 249,321 100.32 250,127.20 0.85% TL
88167AAC5 TEVA PHARMACEUTICALS NE 2.2 7/21/2021 250,000 98.10 245,237.50 0.84% FB
LX16927500005 Navistar International 11/17 Co 11/06/24 Term Loan 245,625 99.71 244,909.00 0.84% TL
LX16478200001 FTR TL B 1L 06/17/24 TERM LOAN 244,375 99.79 243,856.93 0.83% TL
LX15324600001 BOMBARDIER R 05/23/23 TERM LOAN 243,173 100.03 243,257.32 0.83% TL
LX17662300005 MCAFEE TLB 09/30/24 Term Loan 242,281 100.24 242,855.96 0.83% TL
LX16195800005 CCC INFORMATION SERVICES INC 04/29/24 Term Loan 244,987 99.04 242,646.59 0.83% TL
LX17315000005 HUB INTERNATIONAL TLB04/25/25 TERM LOAN 246,250 98.37 242,231.20 0.83% TL
LX17332000005 SRS Distribution 5/23/25 Cov-Lite Term Loan 246,875 97.50 240,704.36 0.82% TL
LX17325900005 PLASTIPAK TLB10/14/24 Term Loan 245,000 98.20 240,589.99 0.82% TL
LX16238700001 PLAYRE TL B 1L04/29/24 Term Loan 244,382 97.80 239,005.57 0.82% TL
LX16061400001 Arch Coal, Inc 03/07/24 Term Loan 244,361 97.12 237,335.49 0.81% TL
LX17397700006 SOLENIS 6/18 (USD) COV-LITE 06/26/25 TERM LOAN 246,875 95.17 234,942.30 0.80% TL
LX17169100005 Air Medical Group Holdings, Inc 04/28/22 Term Loan 244,372 94.67 231,338.25 0.79% TL
LX16518300007 Brand Energy and Infrastructure 06/21/24 Term Loan 231,993 97.25 225,613.03 0.77% TL
LX18213500005 ALBERTSON'S, LLC 08/17/26 TERM LOAN 203,690 100.58 204,874.58 0.70% TL
LX16055400001 B.C. Unlimited Liability Compan 02/16/24 Term Loan 202,797 100.24 203,278.65 0.69% TL
LX16563500005 KLOCKNER PENTAPLAST TLB L+42506/30/22 Term Loan 245,614 82.71 203,143.66 0.69% TL
008674AH6 AHERN RENTALS INC 7.375 5/15/2023 250,000 78.29 195,728.75 0.67% B
LX17365600005 MICHAELS STORES 01/30/23 Term Loan 200,940 95.08 191,060.23 0.65% TL
LX16999800001 Rexnord LLC 08/21/24 Term Loan 188,251 100.46 189,109.93 0.65% TL
LX18273100005 ON SEMICONDUCTOR 09/21 COV-LITE 09/21/26 TERM LOAN 178,350 100.61 179,431.46 0.61% TL
LX17841800005 STANDARD AERO LTD 04/06/26 TERM LOAN 174,825 100.31 175,371.50 0.60% TL
LX15641400002 Proampac 11/20/23 Term Loan 178,165 95.69 170,482.97 0.58% TL
LX16055400002 B.C. Unlimited Liability Compan 02/16/24 Term Loan 148,933 100.24 149,286.94 0.51% TL
LX16518300005 Brand Energy and Infrastructure 06/21/24 Term Loan 146,970 97.25 142,928.20 0.49% TL
12505FAF8 OUTFRONT MEDIA CAP LLC/C 5.875 3/15/2025 125,000 103.44 129,301.88 0.44% B
210383AA3 CONSTELLIUM SE 5.75 5/15/2024 125,000 103.17 128,958.13 0.44% B
577081BA9 MATTEL INC 2.35 8/15/2021 125,000 98.29 122,862.50 0.42% B
LX15641400004 Proampac 11/20/23 Term Loan 122,492 95.69 117,210.56 0.40% TL
LX16518300006 Brand Energy and Infrastructure 06/21/24 Term Loan 114,708 97.25 111,553.71 0.38% TL
LX17365600003 MICHAELS STORES 01/30/23 Term Loan 116,545 95.08 110,814.94 0.38% TL
LX15920200001 Reynold 02/06/23 Term Loan 101,130 100.18 101,315.73 0.35% TL
LX15641400003 Proampac 11/20/23 Term Loan 105,418 95.69 100,872.17 0.34% TL
LX17365600004 MICHAELS STORES 01/30/23 Term Loan 102,233 95.08 97,206.67 0.33% TL
LX17126900006 Scientific Games 2/18 B5 Term Loan 96,300 99.68 95,990.25 0.33% TL
LX16860300001 AVANTOR PERFORMANCE MATERIALS H 11/21/24 TERM LOAN 95,063 100.69 95,716.60 0.33% TL
LX17581500006 AKZ0 NOBLE TLB10/01/25 TERM LOAN 78,930 99.06 78,190.25 0.27% TL
LX15641400005 Proampac 11/20/23 Term Loan 80,174 95.69 76,717.34 0.26% TL
74166MAA4 PRIME SECSRVC BRW/FINANC 9.25 5/15/2023 72,000 105.31 75,825.00 0.26% B
LX15920200003 Reynold 02/06/23 Term Loan 61,741 100.18 61,853.97 0.21% TL
269808101 EAGLE POINT CREDIT CO INC 1,905 14.54 27,698.70 0.09% MF
LX17365600001 MICHAELS STORES 01/30/23 Term Loan 20,094 95.08 19,106.03 0.07% TL
LX16518300008 Brand Energy and Infrastructure 06/21/24 Term Loan 1,266 97.25 1,231.01 0.00% TL
LX17315000006 HUB INTERNATIONAL TLB04/25/25 TERM LOAN 625 98.37 614.80 0.00% TL
SECLEND SECLEND 0 100.00 0.01 0.00% RP
X9USDJPMR JP MORGAN USD GOVT MONEY MARKET INSTL 1,457,636 1.00 1,457,635.96 4.98% MM
CASH (440,605) 100.00 (440,604.63) -1.50% CA
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

Characteristics

As of 09/30/2019

FLRT Sector Allocation

Pacific Asset Management (PAM) provides credit-quality ratings, which are received on underlying securities of the Fund from major rating agencies. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). When the rating agencies rate a security differently, PAM uses the higher rating. Below investment grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

FUND

Fixed Income Attributes

As of 9/30/2019

Description Percentage
30-Day SEC Subsidized Yield 4.09%
30-Day SEC Unsubsidized Yield 3.73%

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.

Pacific Asset Management (PAM) provides credit-quality ratings, which are received on underlying securities of the Fund from major rating agencies. Ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). When the rating agencies rate a security differently, PAM uses the higher rating. Below investment grade is represented by a rating of BB and below. Ratings and portfolio credit quality may change over time.

Average Weighted Coupon is generated by weighting the coupon of each bond by its relative size in the portfolio. Coupons are fixed percentages paid out on a fixed-income security on an annual basis.
Yield to Maturity describes the rate of return an investor will receive if a long-term, interest-bearing security, such as a bond, is held to its maturity date. Average Yield to Maturity represents the average YTM of the funds portfolio of bonds.

FUND

Fees & Expenses

Management Fee 0.95%
Other Expenses 0.68%
Acquired Fund Fees 0.03%
Gross Expenses Ratio 1.66%
Fee Waiver and/or Expense Reimbursement -0.53%
Net Expense Ratio 1.13%

The Advisor has contractually agreed to reduce its fees and/or reimburse expenses to keep net expenses (excluding amounts payable pursuant to any plan adopted in accordance with Rule 12b-1, interest expense, taxes, brokerage commissions, acquired fund fees and expenses, other expenditures which are capitalized in accordance with generally accepted accounting principles, and extraordinary expenses) from exceeding 1.10% of the Fund’s average daily net assets for at least one year from the date of the Prospectus.

Last Ten

Fund Distributions

Ex-Date Record Date Pay Date Cash Div ST Cap Gain LT Cap Gain Return of Capital Total Distribution (per share) FLRT
12/27/2019 12/30/2019 - - - - -
11/26/2019 11/27/2019 - - - - -
10/28/2019 10/29/2019 10/31/2019 $0.17760 $0.00000 $0.00000 $0.00000 $0.17760
09/25/2019 09/26/2019 09/30/2019 $0.16343 $0.00000 $0.00000 $0.00000 $0.16343
08/27/2019 08/28/2019 08/30/2019 $0.15978 $0.00000 $0.00000 $0.00000 $0.18593
07/26/2019 07/29/2019 07/31/2019 $0.19290 $0.00000 $0.00000 $0.00000 $0.19290
10/28/2019 10/29/2019 10/31/2019 $0.15978 $0.00000 $0.00000 $0.00000 $0.15978
05/28/2019 05/29/2019 05/31/2019 $0.21393 $0.00000 $0.00000 $0.00000 $0.21393
04/25/2019 04/26/2019 04/30/2019 $0.16548 $0.00000 $0.00000 $0.00000 $0.16548
02/26/2019 02/27/2019 02/28/2019 $0.17989 $0.00000 $0.00000 $0.00000 $0.17989
01/28/2019 01/29/2019 01/31/2019 $0.18261 $0.00000 $0.00000 $0.00000 $0.18261
12/27/2018 12/28/2018 12/31/2018 $0.16718 $0.00000 $0.00000 $0.00000 $0.16718
11/27/2018 11/28/2018 11/30/2018 $0.17046 $0.00000 $0.00000 $0.00000 $0.17046
10/26/2018 10/29/2018 10/31/2018 $0.19255 $0.00000 $0.00000 $0.00000 $0.19255
09/26/2018 09/27/2018 09/28/2018 $0.15863 $0.00000 $0.00000 $0.00000 $0.15863
08/27/2018 08/28/2018 08/31/2018 $0.17165 $0.00000 $0.00000 $0.00000 $0.17165
07/26/2018 07/27/2018 07/31/2018 $0.16042 $0.00000 $0.00000 $0.00000 $0.16042
06/25/2018 06/26/2018 06/29/2018 $0.12630 $0.00000 $0.00000 $0.00000 $0.12630
05/25/2018 05/29/2018 05/31/2018 $0.15685 $0.00000 $0.00000 $0.00000 $0.15685
04/25/2018 04/26/2018 04/30/2018 $0.16188 $0.00000 $0.00000 $0.00000 $0.16188
03/26/2018 03/27/2018 03/29/2018 $0.11165 $0.00000 $0.00000 $0.00000 $0.11165
02/26/2018 02/27/2018 02/28/2018 $0.14616 $0.00000 $0.00000 $0.00000 $0.14616
01/26/2018 01/29/2018 01/31/2018 $0.13258 $0.00000 $0.00000 $0.00000 $0.13258
12/27/2017 12/28/2017 12/29/2017 $0.14166 $0.00000 $0.00000 $0.00000 $0.14166
11/28/2017 11/29/2017 11/30/2017 $0.13872 $0.00000 $0.00000 $0.00000 $0.13872
10/27/2017 10/30/2017 10/31/2017 $0.12954 $0.00000 $0.00000 $0.00000 $0.12954
09/26/2017 09/27/2017 09/29/2017 $0.11144 $0.00000 $0.00000 $0.00000 $0.11144
08/25/2017 08/29/2017 08/31/2017 $0.13305 $0.00000 $0.00000 $0.00000 $0.13305
07/26/2017 07/28/2017 07/31/2017 $0.14237 $0.00000 $0.00000 $0.00000 $0.14237
06/23/2017 06/28/2017 06/30/2017 $0.10675 $0.00000 $0.00000 $0.00000 $0.10675
05/23/2017 05/26/2017 05/31/2017 $0.13903 $0.00000 $0.00000 $0.00000 $0.13903
04/21/2017 04/26/2017 04/28/2017 $0.14105 $0.00000 $0.00000 $0.00000 $0.14105
03/24/2017 03/28/2017 03/31/2017 $0.13792 $0.00000 $0.00000 $0.00000 $0.13792
02/23/2017 02/27/2017 02/28/2017 $0.15173 $0.00000 $0.00000 $0.00000 $0.15173
01/25/2017 01/27/2017 01/31/2017 $0.10340 $0.00000 $0.00000 $0.00000 $0.10340
12/23/2016 12/28/2016 12/30/2016 $0.18560 $0.00000 $0.00000 $0.00000 $0.18560
11/23/2016 11/28/2016 11/30/2016 $0.14010 $0.00000 $0.00000 $0.00000 $0.14010
10/25/2016 10/27/2016 10/31/2016 $0.15550 $0.00000 $0.00000 $0.00000 $0.15550
09/26/2016 09/28/2016 09/30/2016 $0.13740 $0.00000 $0.00000 $0.00000 $0.13740
08/25/2016 08/29/2016 08/31/2016 $0.14130 $0.00000 $0.00000 $0.00000 $0.14130
07/25/2016 07/27/2016 07/29/2016 $0.14960 $0.00000 $0.00000 $0.00000 $0.14960
06/24/2016 06/28/2016 06/30/2016 $0.14640 $0.00000 $0.00000 $0.00000 $0.14640
05/24/2016 05/26/2016 05/31/2016 $0.13600 $0.00000 $0.00000 $0.00000 $0.13600
04/25/2016 04/27/2016 04/29/2016 $0.13350 $0.00000 $0.00000 $0.00000 $0.13350
03/24/2016 03/29/2016 03/31/2016 $0.13110 $0.00000 $0.00000 $0.00000 $0.13110
02/23/2016 02/25/2016 02/29/2016 $0.13190 $0.00000 $0.00000 $0.00000 $0.13190
01/25/2016 01/27/2016 01/29/2016 $0.10420 $0.00000 $0.00000 $0.00000 $0.10420
12/24/2015 12/29/2015 12/31/2015 $0.18670 $0.00000 $0.00000 $0.00000 $0.18670
11/23/2015 11/25/2015 11/30/2015 $0.13430 $0.00000 $0.00000 $0.00000 $0.13430
10/26/2015 10/28/2015 10/30/2015 $0.15650 $0.00000 $0.00000 $0.00000 $0.15650
09/24/2015 09/28/2015 09/30/2015 $0.16230 $0.00000 $0.00000 $0.00000 $0.16230
08/25/2015 08/27/2015 08/31/2015 $0.15420 $0.00000 $0.00000 $0.00000 $0.15420
07/24/2015 07/28/2015 07/30/2015 $0.14690 $0.00000 $0.00000 $0.00000 $0.14690
06/24/2015 06/26/2015 06/30/2015 $0.19990 $0.00000 $0.00000 $0.00000 $0.19990
05/22/2015 05/27/2015 05/29/2015 $0.17200 $0.00000 $0.00000 $0.00000 $0.17200
04/24/2015 04/28/2015 04/30/2015 $0.14640 $0.00000 $0.00000 $0.00000 $0.14640
03/25/2015 03/27/2015 03/31/2015 $0.05740 $0.00000 $0.00000 $0.00000 $0.05740
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Contact Info

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Location

AdvisorShares Investments, LLC
4800 Montgomery Lane,
Suite 150
Bethesda, Maryland 20814

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ETF Symbols

 

AADRACT, CWS, DBLV, DWMC, DWSH, FLRT, FWDB, HDGE, HOLD, MINC, MJUS, SCAP, VEGA, YOLO

 

 

 

 

 

Privacy
Copyright © AdvisorShares 2019 • Foreside Fund Services, LLC Distributor

 

 

  • Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund’s website at www.AdvisorShares.com. Please read the prospectus carefully before you invest. Foreside Fund Services, LLC, Distributor.

    There is no guarantee that the Fund will achieve its investment objective. An investment in the Fund is subject to risk, including the possible loss of principal amount invested. Investing in derivatives may be riskier than other types of investments because they are more sensitive to change in economic or marketing conditions that could result in losses that significantly exceed the Fund’s original investment. The Fund primarily invests in floating rate loans and floating rate debt securities. The market for floating rate loans may be subject to irregular trading activity, wide bid/ask spreads, and extended trade settlement periods. The floating rate feature of loans means that floating rate loans will not generally experience capital appreciation in a declining interest rate environment. Declines in interest rates may also increase prepayments of debt obligations and require the Fund to invest assets at lower yields. Other Fund risks include market risk, leverage risk, foreign investment risk, liquidity risk, income and interest rate risk, liquidity risk, management risk, high yield securities risk, loan participation risk, prepayment risk, and trading risk. Please see the prospectus for details regarding risk.