LETB: Inaugural Portfolio Review

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Portfolio Review

Welcome to the inaugural manager commentary for the newly launched AdvisorShares Let Bob AI Powered Momentum ETF (LETB).

We are excited to introduce an alternative to the equity allocation you provide for your clients or your own investment portfolios. My name is Anthony Buchanan, the Portfolio Strategist for LETB. Below is a brief description on the how LETB will invest, as it is an artificial intelligence (AI), technical & quantitative driven strategy you will notice that the portfolio will be starting with a large allocation to cash.  This is due to how our investment process works, our systematic investment approach starts on our launch date, February 8th.  As the market moves on February 8th and February 9thour investment engine, Let Bob, will start reviewing the universe of domestic equities and based on sentiment momentum and technical momentum investment strategy will start deploying capital.

In the investment management industry, technology, automation, and access to unique data are some key drivers for success in portfolio management. The AdvisorShares Let Bob AI Momentum ETF (LETB) incorporates these drivers into its investment strategy, analyzing a unique blend of fundamental data including companies expected to exceed earnings estimates, digital sentiment, and strong technical price momentum. LETB’s proprietary analysis results in a portfolio of select stocks the advisor believes will outperform. In addition to the goal of adding alpha though stock selection, LETB also monitors overall market conditions and can lower equity exposure or move to cash for additional risk management in downward trending markets.

More about the strategy can be found here.

We look forward to connecting with you in the near future, stay tuned for am upcoming Alpha Nooner and broader webinar — you can find the schedule of events on the AdvisorShares Events web page.

Respectfully,

Anthony Buchanan
Let Bob, LLC
AdvisorShares Let Bob AI Powered Momentum ETF (LETB) Portfolio Manager

 

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.

Investing involves risk including possible loss of principal. The Advisor continuously evaluates the Fund’s holdings, purchases and sales with a goal of achieving its investment objective, which is not guaranteed, and judgments about the markets, the economy, or companies may not anticipate actual market movements, economic conditions, or company performance. Security prices of small and mid-cap companies may be more volatile than those of larger companies and therefore the Fund’s share price may be more volatile than those of funds that invest a larger percentage of their assets in securities issued by larger-cap companies. 

Model and Data Risk: When models and data prove to be incorrect or incomplete, any decisions made in reliance thereon expose the Fund to potential risks. In addition, the use of predictive models has inherent risk. Because predictive models are usually constructed based on historical data supplied by third parties, the success of relying on such models may depend heavily on the accuracy and reliability of the supplied historical data. The Fund may experience relatively high portfolio turnover, which may result in increased transaction costs and performance that is lower than expected.

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.

The views in this commentary are those of the portfolio manager and may not reflect his views on the date this material is distributed or anytime thereafter. These views are intended to assist shareholders in understanding their investments and do not constitute investment advice.