LETB - AdvisorShares Let Bob AI Powered Momentum ETF

Powered by Artificial Intelligence

All-cap equity portfolio blending fundamental sentiment and technical price momentum analysis with proprietary tactical risk-management.

Symbol Exchange Inception Date CUSIP NAV
LETB NYSE Arca 2/8/2022 00768Y347 LETB.NV

 

<strong>About The ETF</strong>
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 Powered 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.
<strong>Why Invest in LETB?</strong>
  • Fundamental Sentiment Momentum with Technical Momentum – Blending fundamental and technical equity analysis with modern artificial intelligence capabilities, LETB utilizes proprietary and third-party machine learning algorithms to identify companies demonstrating high momentum in public sentiment (i.e., sentiment momentum) as well as price momentum.
  • Tactical Downside Risk Management – LETB employs proprietary macro momentum and individual stock momentum signals to determine when to move some or all of the Fund’s assets to cash or cash equivalents.
  • A Bull and Bear Market Solution – LETB blends capital appreciation and risk management in its investment strategy, offering a potential managed solution for both up and down markets.
<strong>Where Can LETB Fit in a Traditional Portfolio?</strong>

Can be used as a core equity position that also seeks to reduce market risk exposure.

<strong>Key Attributes </strong>
  • Leverages both fundamental and technical analysis.
  • Invests in a portfolio of U.S. small, mid, and large cap stocks.
  • Uses technical macro indicators to determine when to move partially or fully to cash or cash equivalents.
  • Seeks to outperform the Russell 3000 Index on a risk-adjusted basis over a full market cycle with lower volatility than traditional long-only equity strategies.
<strong>About the Portfolio Strategist</strong>

Anthony Buchanan, Founder and CEO, Let Bob, LLC
Mr. Buchanan’s basis for developing the Let Bob digital investment model was the concept that investing results can be improved with proper capital management designed to combine the best of fundamental and technical analyses with a systematic process that seeks to remove emotion from investment decisions. Mr. Buchanan has a total of fifteen years’ experience as a Software Engineer in the technology industry, with ten years of experience mostly in the financial sector. His career has mainly focused on projects replacing legacy systems with cutting edge modern technology.

Click on the above slides to expand the slide view.

 

 

LETB Overview from Anthony Buchanan

Get an introduction to the LETB ETF directly from the portfolio strategist, Anthony Buchanan.

 

LETB Overview from Anthony Buchanan

Get an introduction to the LETB ETF directly from the portfolio strategist, Anthony Buchanan.

Fund

Price History

Fund Data

5/20/2022
NAV $23.27
Change $0
Shares Outstanding 1,000,000
Assets Under Management $23,268,658.66

Market Data

5/20/2022
Closing Price $23.27
Close Change $-0.01
Volume 217

Regulatory Data

5/19/2022
Premium Discount $0.020
30-Day Median bid-ask Spread 0.21

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

Characteristics

As of 4/30/2022

LETB Sector Allocation

LETB Market Cap

FUND

Performance

As of 4/30/2022

  NAV Market Price Return Russell 3000 Index
1 Month -4.59 -4.61 -8.97
Since Inception (2/8/2022, Annualized) -4.05 -4.00 -8.62

As of 3/31/2022

  NAV Market Price Return Russell 3000 Index
1 Month 0.56 0.56 3.24
Since Inception (2/8/2022, Annualized) 0.56 0.64 0.39

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.

The S&P 500 Index is a broad-based, unmanaged measurement of changes in stock market conditions based on the average of 500 widely held common stocks. The Bloomberg Barclays U.S. Agg Bond TR USD Index is an unmanaged index considered representative of the performance of the U.S. investment grade bond market. One cannot invest directly in an index.

Effective 8/4/2021, the funds strategy was changed to incorporate a defensive allocation trigger, measured by the QIX index. See prospectus for details.

 

Fund

Holdings

As of

Excel    CSV

Date Account Symbol Stock Ticker Security Number Security Description Shares/Par (Full) Price (Base) Traded Market Value (Base) Portfolio Weight % Asset Group
05/20/2022 LETB MUSA 626755102 MURPHY USA INC 1,300.00 238.04 309,452.00 1.33% S
CTRA 127097103 COTERRA ENERGY INC 10,000.00 30.69 306,900.00 1.32% S
GDYN 39813G109 GRID DYNAMICS HOLDINGS INC 18,500.00 16.29 301,365.00 1.30% S
PAG 70959W103 PENSKE AUTOMOTIVE GROUP INC 2,600.00 108.01 280,826.00 1.21% S
XOM 30231G102 EXXON MOBIL CORP 2,424.00 91.86 222,668.64 0.96% S
MRO 565849106 MARATHON OIL CORP 8,083.00 27.26 220,342.58 0.95% S
DCPH 24344T101 DECIPHERA PHARMACEUTICALS IN 18,420.00 11.84 218,092.80 0.94% S
DOW 260557103 DOW INC 3,129.00 68.11 213,116.19 0.92% S
PPC 72147K108 PILGRIM'S PRIDE CORP 7,120.00 29.42 209,470.40 0.90% S
OXY 674599105 OCCIDENTAL PETROLEUM CORP 3,282.00 63.26 207,619.32 0.89% S
WLK 960413102 WESTLAKE CORP 1,633.00 126.21 206,100.93 0.89% S
EOLS 30052C107 EVOLUS INC 16,372.00 12.17 199,247.24 0.86% S
CF 125269100 CF INDUSTRIES HOLDINGS INC 1,956.00 95.79 187,365.24 0.81% S
X9USDBLYT BLACKROCK TREASURY TRUST INSTL 62 19,361,555.09 1 19,361,555.09 83.25% MM
CASH 814,364.96 100 814,364.96 3.50% 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

Fees & Expenses

Management Fee 0.70%
Other Expenses 0.17%
Net Expense Ratio 0.87%

Because the Fund is new, “Other Expenses” are based on estimated amounts for the current fiscal year. 

      • 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.
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  • Definitions   
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  • Alpha is one of the most commonly quoted indicators of investment performance, is defined as the excess return on an investment relative to the return on a benchmark index.
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  • Price Momentum is the speed or velocity of price changes in a stock, security, or tradable instrument.
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  • Sentiment Momentum analysis utilizes a systematic quantitative research platform that combines a company’s digital performance data (data about the online interactions between customers and the websites and other digital properties of the company) with fundamental financial data (such as revenue and earnings per share) to identify companies that are likely to surprise the market with better than expected financial achievement in upcoming quarters. After compiling the digital performance data for any individual company or group of companies into a digital footprint, the algorithms identify companies that are outperforming in their industry and are projected to exceed outside analyst sentiment or expectations.