(MINC) NEWFLEET MULTI-SECTOR INCOME ETF

NAV as of 10/14/2019

$48.55

1 Day NAV Change as of 10/14/2019

$-0.01

Morningstar Rating

Short-Term Multi-Sector Bond
Overall rating as of 9/30/2019 based on risk adjusted returns of 488 funds

Manager Commentary
Fact Sheet
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MINC

Overview

The AdvisorShares Newfleet Multi-Sector Income ETF (NYSE Arca: MINC) seeks to provide current income consistent with preservation of capital, while limiting fluctuations in net asset value (“NAV”) due to changes in interest rates. MINC is managed by Newfleet Asset Management (“Portfolio Manager”), an investment subsidiary of Virtus Investment Partners. Newfleet believes that active fixed income sector rotation and quality security selection, combined with disciplined risk management, offers the best potential to achieve the Fund’s investment objective of providing a high level of total return, including a competitive level of current income in the fixed income market.

Symbol Exchange Inception Date CUSIP Indicative Value
MINC NYSE Arca 3/19/2013 00768Y727 MINC.IV
<strong>Why Invest in MINC?</strong>
  • For Portfolio Diversification – Spreading your investment risk among bonds in all the material bond sectors, including bonds with different maturities and credit qualities can help diversify an overall portfolio.
  • For a Value-Oriented Approach to Fixed Income Investing – The portfolio manager believes that active bond sector rotation and quality security selection, combined with disciplined risk management, is the most effective means of achieving total returns in the fixed income market.
  • For Simplified Bond Investing – MINC is designed for any investor seeking one bond fund that includes all the major bond sectors.
<strong>Key Attributes</strong>
  1. Low Duration – MINC’s low average duration, targeted at between 1 and 3 years, may potentially make it less sensitive to interest rate changes than other bond ETFs with higher average durations.
  2. High Quality – MINC primarily invests in high quality investment-grade debt, which are securities with credit ratings within the 4 highest rating categories of nationally recognized bond rating organizations.
  3. Active Bond Sector Rotation – The Portfolio Manager actively seeks to strategically overweight undervalued bond sectors in an effort to add value to the portfolio.
  4. Risk Controls – The portfolio manager employs disciplined risk management controls with the following parameters: Below investment grade maximum: 20%; Non-U.S. maximum: 30%; Industry maximum: 25%.
  5. Professional Experience – The portfolio management team has over 70 years of combined investment experience. MINC is being carefully managed by seasoned investment professionals.
<strong>About the Portfolio Managers</strong>
David L. Albrycht, CFA. – President and Chief Investment Officer
David Albrycht is president and chief investment officer of Newfleet Asset Management, an investment management affiliate of Virtus Investment Partners. Prior to joining Newfleet in 2011, Mr. Albrycht was executive managing director and senior portfolio manager with Goodwin Capital Advisers, a former Virtus investment management subsidiary. He joined the Goodwin multi-sector fixed income team in 1985 as a credit analyst and has managed fixed income portfolios since 1991.

Mr. Albrycht earned a B.A., cum laude, from Central Connecticut State University and an M.B.A., with honors, from the University of Connecticut. He holds the Chartered Financial Analyst designation.

Benjamin L. Caron, CFA, Senior Managing Director
In his current role, Mr. Caron is co-portfolio manager of, and assists in the management of, several fixed income portfolios at Newfleet Asset Management, an investment management affiliate of Virtus Investment Partners. Working with the CIO and senior portfolio manager, Mr. Caron contributes to multi-sector strategy and is responsible for strategy execution and portfolio monitoring across open-end funds, closed-end funds, ETFs, and offshore vehicles that the team manages. Prior to joining the Sub-Advisor in 2011, Mr. Caron was on the fixed income team at Goodwin Capital Advisers (the former Phoenix Investment Counsel).

Mr. Caron earned a B.A. from Syracuse University and an M.B.A. from Suffolk University. He is a CFA® (Chartered Financial Analyst®) charterholder. Mr. Caron began his career in the investment industry in 1997.

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Fund

Price History

As of 10/14/2019

NAV $48.55 Closing Price $48.52
Change $-0.01 Close Change $0.01
Shares Outstanding 1,500,000 Volume 898
4PM Bid/Offer Midpoint $48.50 Premium Discount $-0.05
Assets Under Management $72,828,091.60    

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 9/30/2019

NAV Market Price Return Bloomberg Capital Aggregate Bond Index BofA Merrill Lynch 1-5 Year US Corp & Govt Bond Index
1 Month 0.07 0.09 -0.53 0.18
3 Months 0.90 0.89 2.27 0.54
YTD 4.69 4.67 8.52 1.76
1 Year 4.40 4.37 10.30 0.18
3 Years 2.45 2.40 2.92 0.54
5 Years 2.41 2.37 3.38 0.94
Since Inception (3/19/2013, Annualized) 2.27 2.25 2.92 0.72

As of 9/30/2019

NAV Market Price Return Bloomberg Capital Aggregate Bond Index BofA Merrill Lynch 1-5 Year US Corp & Govt Bond Index
1 Month 0.07 0.09 -0.53 0.18
3 Months 0.90 0.89 2.27 0.54
YTD 4.69 4.67 8.52 1.76
1 Year 4.40 4.37 10.30 2.33
3 Years 2.45 2.40 2.92 1.49
5 Years 2.41 2.37 3.38 0.94
Since Inception (3/19/2013, Annualized) 2.27 2.25 #N/A 0.72

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.

Fund

Holdings

As of 10/15/2019

Date Account Symbol Stock Ticker Security Number Security Shares Price Market Value Weight % Asset Group
10/15/2019 MINC 9128286Y1 US TREASURY N/B 1.75 6/15/2022 1,610,000 100.41 1,616,540.63 2.22% TN 1
61746BEC6 MORGAN STANLEY FRN 10/24/2023 870,000 101.83 885,940.05 1.22% B 1
78403DAL4 SBA TOWER TRUST 3.168 4/11/2022 780,000 101.02 787,932.52 1.08% B 1
78403DAK6 SBA TOWER TRUST 2.877 7/9/2021 780,000 100.37 782,917.36 1.07% B 1
31418DC67 FN MA3692 3.5 7/1/2049 702,854 102.40 719,751.07 0.99% FM 1
12433UAG0 BX 2018-GW B FRN 5/15/2035 700,000 99.97 699,781.18 0.96% MR 1
32059BAE8 FIAOT 2017-2A B 2.65 11/15/2022 650,000 100.27 651,731.60 0.89% MR 1
17121FAG9 CCART 2015-BA D 4.17 1/16/2023 635,000 100.25 636,585.53 0.87% MR 1
88642MAC4 TMCAT 2018-AA B 3.45 11/15/2024 525,000 100.99 530,204.96 0.73% MR 1
64829HAA5 NRZT 2016-3A A1 FRN 9/25/2056 498,728 103.99 518,616.62 0.71% MR 1
85572MAA8 SWH 2017-1 A FRN 1/17/2035 484,491 100.17 485,330.79 0.67% MR 1
07384M4H2 BSARM 2004-10 21A1 FRN 1/25/2035 467,328 103.35 482,984.72 0.66% MR 1
17320XAA2 CMLTI 2013-A A FRN 5/25/2042 488,169 98.62 481,426.05 0.66% MR 1
36416UAG0 GFMT 2017-1 A21 FRN 7/25/2056 468,935 101.78 477,260.54 0.66% MR 1
201736AC9 CMLBC 2001-CMLB A3 FRN 6/20/2031 460,000 102.23 470,237.30 0.65% MR 1
301656AE4 EART 2018-1A C 3.03 1/17/2023 465,000 100.55 467,564.85 0.64% MR 1
12770QAJ4 CZR 2017-VICI C 4.1384 10/15/2034 445,000 104.46 464,846.47 0.64% MR 1
258258AA0 DORIC NIMROD AIR 2012-1A 5.125 11/30/2022 452,432 101.48 459,113.32 0.63% FB 1
46641YAN3 JPMMT 2014-2 AM FRN 6/25/2029 446,826 101.35 452,862.88 0.62% MR 1
35105DAE1 FCRT 2018-1 C 3.68 8/15/2023 445,000 101.69 452,506.35 0.62% MR 1
30167BAC5 EART 2018-2A C 3.69 3/15/2023 445,000 101.17 450,199.78 0.62% MR 1
46625HKK5 JPMORGAN CHASE & CO 5.3 PERPETUAL 12/1/2065 430,000 101.46 436,279.13 0.60% B 1
11135FAD3 BROADCOM INC 3.625 10/15/2024 425,000 102.24 434,524.14 0.60% B 1
378272AF5 GLENCORE FUNDING LLC 4.125 5/30/2023 410,000 104.65 429,064.68 0.59% FB 1
30166MAC2 EART 2017-2A B 2.82 5/16/2022 424,957 100.21 425,833.81 0.58% MR 1
02530AAE2 ACAR 2018-3 C 3.75 10/15/2024 415,000 100.94 418,885.23 0.58% MR 1
80284TAK1 SDART 2017-1 C 2.58 5/16/2022 411,507 100.14 412,081.94 0.57% MR 1
24702JAD1 DEFT 2017-2 A3 2.19 10/24/2022 408,756 100.02 408,858.09 0.56% MR 1
12648HAK1 CSMC 2014-IVR2 A2 FRN 4/25/2044 404,423 100.78 407,566.06 0.56% MR 1
24380RAA8 DRMT 2019-1A A1 FRN 1/25/2059 401,085 101.06 405,344.72 0.56% MR 1
52603JAA8 LFT 2018-2A A 4.23 4/20/2027 390,000 103.56 403,874.95 0.55% MR 1
68376VAA2 OPTN 2018-B A 3.91 7/8/2024 390,000 101.59 396,210.71 0.54% MR 1
49456BAB7 KINDER MORGAN INC 5.625 11/15/2023 355,000 111.05 394,241.36 0.54% B 1
9128286B1 US TREASURY N/B 2.625 2/15/2029 365,000 107.43 392,111.23 0.54% TN 1
86359BHJ3 SASC 2004-4XS A3A 5.212776 2/25/2034 372,246 104.63 389,466.07 0.53% MR 1
02529MAE9 ACAR 2018-4 C 3.97 1/13/2025 380,000 101.65 386,263.24 0.53% MR 1
96042GAJ1 WLAKE 2018-3A C 3.61 10/16/2023 380,000 101.59 386,028.93 0.53% MR 1
03237JAB3 AXIS 2018-2A A2 3.89 7/20/2022 369,489 101.34 374,430.97 0.51% MR 1
16158RAD8 CHASE 2019-ATR1 A4 FRN 4/25/2049 372,626 100.42 374,196.53 0.51% MR 1
89690EAF4 TRMF 2017-1A A1 2.709 8/15/2047 374,014 100.00 374,024.67 0.51% MR 1
064058AD2 BNYM CORP 4.950000 12/49 PERPETUAL 360,000 101.26 364,539.60 0.50% B 1
345397XQ1 FORD MOTOR CREDIT CO LLC 3.2 1/15/2021 360,000 100.16 360,570.17 0.50% B 1
32057HAG2 FIAOT 2016-2A C 2.53 7/15/2022 355,000 100.10 355,356.21 0.49% MR 1
19687XAA5 COLT 2019-1 A1 FRN 3/25/2049 350,888 101.05 354,579.60 0.49% MR 1
64829LAA6 NRZT 2016-4A A1 FRN 11/25/2056 338,144 104.63 353,793.47 0.49% MR 1
30167DAC1 EART 2019-1A C 3.82 12/16/2024 345,000 102.36 353,151.56 0.48% MR 1
59980TAA4 MCMLT 2016-1 A1 FRN 4/25/2057 349,427 100.41 350,860.88 0.48% MR 1
59020ULQ6 MLMI 2004-A4 A1 FRN 8/25/2034 344,685 101.68 350,471.68 0.48% MR 1
125523AB6 CIGNA CORP FRN 9/17/2021 350,000 100.01 350,036.90 0.48% B 1
03065MAF4 AMCAR 2015-4 C 2.88 7/8/2021 348,645 100.16 349,198.80 0.48% MR 1
69362BBC5 PSEG POWER LLC 3.85 6/1/2023 330,000 105.73 348,896.15 0.48% B 1
96033WAA6 WESTR 2018-1A A 3.38 12/20/2031 344,314 101.15 348,273.73 0.48% MR 1
06051GGJ2 BANK OF AMERICA CORP FRN 4/24/2023 345,000 100.86 347,969.19 0.48% B 1
46644XAC6 JPMMT 2015-5 A2 FRN 5/25/2045 344,260 100.20 344,942.97 0.47% MR 1
44106MAS1 SERVICE PROPERTIES TRUST 4.65 3/15/2024 330,000 102.60 338,591.14 0.46% B 1
05606XAA2 BXGNT 2015-A A 2.88 5/2/2030 336,985 99.92 336,722.59 0.46% MR 1
89172UAA6 TPMT 2016-4 A1 FRN 7/25/2056 335,956 99.97 335,866.62 0.46% MR 1
38141GWC4 GOLDMAN SACHS GROUP INC 3 4/26/2022 330,000 101.14 333,750.24 0.46% B 1
87165BAN3 SYNCHRONY FINANCIAL 4.375 3/19/2024 315,000 105.92 333,658.88 0.46% B 1
17327DAA9 CMLTI 2018-RP3 A1 FRN 3/25/2061 328,133 101.56 333,240.61 0.46% MR 1
07331YAA8 BOMFT 2017-SPL4 A FRN 1/28/2055 323,611 102.15 330,583.99 0.45% MR 1
02209SBB8 ALTRIA GROUP INC 3.8 2/14/2024 313,000 104.29 326,415.81 0.45% B 1
05584AAA8 HGVGI 2017-1A A 2.94 5/25/2029 320,170 100.83 322,825.15 0.44% MR 1
501890AA5 LHOME 2019-RTL1 A1 4.58 10/25/2023 315,000 102.14 321,728.72 0.44% MR 1
89614SAB5 TAST 2018-2A B 4.76 2/15/2022 308,465 103.95 320,646.82 0.44% MR 1
BL256111800001 VIRGIN MEDIA BRISTOL LLC 01/15/26 TERM LOAN 320,000 99.96 319,875.20 0.44% TL 1
88161NAB5 TESLA 2018-B B 4.12 10/20/2021 310,000 102.54 317,865.38 0.44% MR 1
05369AAC5 AVIATION CAPITAL GROUP 3.875 5/1/2023 306,000 103.14 315,621.66 0.43% B 1
17322GAA7 CMLTI 2014-A A FRN 1/25/2035 300,239 103.97 312,146.62 0.43% MR 1
32059TAE9 FIAOT 2019-1A C 3.26 3/17/2025 305,000 102.12 311,477.04 0.43% MR 1
17323MAA3 CMLTI 2015-A A1 FRN 6/25/2058 306,704 101.23 310,470.74 0.43% MR 1
07274NAC7 BAYER US FINANCE II LLC FRN 6/25/2021 310,000 100.10 310,301.85 0.43% FB 1
90352VAB2 USAUT 2019-1A B 3.99 12/15/2022 305,000 101.73 310,289.84 0.43% MR 1
86359BNU1 SARM 2004-4 3A2 FRN 4/25/2034 294,990 104.69 308,838.92 0.42% MR 1
43789AAA2 HOF 2018-1 A1 FRN 6/25/2048 304,066 101.18 307,668.31 0.42% MR 1
78471WAB1 SCLP 2018-2 A2 3.35 4/26/2027 305,000 100.86 307,608.42 0.42% MR 1
43789EAA4 HOF 2019-1 A1 FRN 1/25/2059 298,907 100.99 301,871.62 0.41% MR 1
134429BE8 CAMPBELL SOUP CO 3.65 3/15/2023 290,000 103.99 301,571.72 0.41% B 1
466247NT6 JPMMT 2005-A2 4A1 FRN 4/25/2035 291,721 102.52 299,069.24 0.41% MR 1
21872BAA4 CAFL 2018-1 A 3.804 6/15/2051 287,549 103.15 296,597.91 0.41% MR 1
12592BAJ3 CNH INDUSTRIAL CAP LLC 4.2 1/15/2024 280,000 105.87 296,447.70 0.41% B 1
42806DBC2 HERTZ 2016-4A A 2.65 7/25/2022 295,000 100.29 295,849.01 0.41% MR 1
03066HAG2 AMCAR 2018-1 D 3.82 3/18/2024 285,000 103.68 295,475.80 0.41% MR 1
89172YAA8 TPMT 2016-3 A1 FRN 4/25/2056 289,822 99.98 289,765.52 0.40% MR 1
23343CAE1 DTAOT 2018-3A C 3.79 7/15/2024 280,000 102.05 285,743.67 0.39% MR 1
BL270111000001 VALEANT 06/02/25 TERM LOAN 284,392 100.38 285,479.58 0.39% TL 1
62854AAN4 MYLAN NV 3.95 6/15/2026 275,000 102.53 281,944.98 0.39% B 1
BL257455800001 CALPINE CORPORATION 01/15/24 TERM LOAN 281,083 100.29 281,909.68 0.39% TL 1
35040UAA9 FFIN 2017-1A A 3.3 7/15/2033 277,889 100.48 279,213.58 0.38% MR 1
172967MB4 CITIGROUP INC FRN 7/1/2026 275,000 101.47 279,049.89 0.38% B 1
86934NAA7 SCML 2018-SBC7 A FRN 5/25/2039 274,546 101.46 278,546.25 0.38% MR 1
40066NAA4 GUANAY FINANCE LTD 6 12/15/2020 275,175 101.18 278,408.37 0.38% FB 1
92537FAA3 VERUS 2019-INV1 A1 FRN 12/25/2059 273,483 100.91 275,962.70 0.38% MR 1
38141GXD1 GOLDMAN SACHS GROUP INC FRN 5/15/2026 270,000 100.40 271,081.31 0.37% B 1
92343VEP5 VERIZON COMMUNICATIONS FRN 5/15/2025 267,000 101.52 271,057.59 0.37% B 1
30165YAC7 EART 2017-3A B 2.81 9/15/2022 270,000 100.38 271,013.15 0.37% MR 1
12647JBJ0 CSMC 2013-HYB1 A16 FRN 4/25/2043 269,896 100.01 269,936.03 0.37% MR 1
91833JAA8 VOLT 2019-NPL1 A1A FRN 1/25/2049 267,159 100.95 269,706.03 0.37% MR 1
67098AAC3 OBX 2019-INV1 A3 FRN 11/25/2048 259,684 103.53 268,840.48 0.37% MR 1
94989EAE7 WFCM 2015-LC20 A5 3.184 4/15/2050 255,000 104.33 266,029.46 0.37% MR 1
709599BC7 PENSKE TRUCK LEASING/PTL 4.125 8/1/2023 250,000 105.26 263,149.60 0.36% B 1
91679KAA2 UPST 2019-1 A 3.45 4/20/2026 261,750 100.33 262,611.18 0.36% MR 1
BL235595800001 STATION CASINOS LLC 06/08/23 TERM LOAN 261,660 100.16 262,086.32 0.36% TL 1
24703DAY7 DELL INT LLC / EMC CORP 4 7/15/2024 250,000 104.68 261,709.93 0.36% B 1
120568BA7 BUNGE LTD FINANCE CORP 4.35 3/15/2024 245,000 105.41 258,263.58 0.35% B 1
00772BAF8 AERCAP IRELAND CAP/GLOBA 4.5 5/15/2021 250,000 103.18 257,942.61 0.35% FB 1
68268XAC5 ODART 2018-1A C 3.85 10/14/2025 250,000 102.79 256,963.93 0.35% MR 1
05526DAV7 BAT CAPITAL CORP 2.764 8/15/2022 255,000 100.70 256,787.50 0.35% FB 1
46647PAD8 JPMORGAN CHASE & CO FRN 4/25/2023 255,000 100.57 256,459.50 0.35% B 1
89171VAB3 TPMT 2015-5 A2 FRN 5/25/2055 250,000 102.04 255,096.80 0.35% MR 1
45580KAJ7 IND & COMM BK CHINA/NY 2.957 11/8/2022 250,000 101.04 252,603.96 0.35% FB 1
05357HAJ9 AVMT 2013-AVM C FRN 12/5/2032 250,000 100.97 252,417.00 0.35% MR 1
BL237116100001 CENTURYLINK INC 01/31/ 01/31/25 TERM LOAN 254,832 98.69 251,487.18 0.35% TL 1
233293AP4 DPL INC 4.35 4/15/2029 250,000 99.38 248,439.98 0.34% B 1
80282KAW6 SANTANDER HOLDINGS USA 3.5 6/7/2024 240,000 102.52 246,048.06 0.34% B 1
228227BE3 CROWN CASTLE INTL CORP 4.875 4/15/2022 230,000 106.41 244,734.39 0.34% B 1
46641YAJ2 JPMMT 2014-2 2A2 FRN 6/25/2029 238,060 102.76 244,635.90 0.34% MR 1
26209WAF0 DRIVE 2019-3 C 2.9 8/15/2025 240,000 101.05 242,511.31 0.33% MR 1
45031UBZ3 iStar Inc 6 4/1/2022 235,000 103.00 242,050.00 0.33% B 1
BL255241400001 INEOS US FINANCE 04/01/24 Term Loan 244,484 98.98 241,978.96 0.33% TL 1
76119MAA7 RMLT 2019-1 A1 FRN 10/25/2058 237,476 101.45 240,911.43 0.33% MR 1
69358XAA8 PRPM 2019-2A A1 FRN 4/25/2024 239,606 100.44 240,666.89 0.33% MR 1
92840VAD4 VISTRA OPERATIONS CO LLC 3.55 7/15/2024 235,000 102.06 239,831.44 0.33% B 1
57109HAA0 MFT 2019-2A A 3.13 7/16/2029 236,328 100.81 238,232.82 0.33% MR 1
55389PAA7 MVWOT 2019-1A A 2.89 11/20/2036 228,821 101.39 232,012.24 0.32% MR 1
07386HJG7 BALTA 2004-5 3A1 FRN 6/25/2034 221,377 104.19 230,654.64 0.32% MR 1
00969DAA8 AJAXM 2017-B A FRN 9/25/2056 227,668 100.43 228,637.36 0.31% MR 1
247126AJ4 APTIV CORP 4.15 3/15/2024 215,000 105.41 226,634.28 0.31% B 1
455780BQ8 REPUBLIC OF INDONESIA 5.875 1/15/2024 200,000 113.04 226,083.33 0.31% FB 1
05401AAF8 AVOLON HOLDINGS FNDG LTD 3.95 7/1/2024 217,000 103.11 223,737.85 0.31% FB 1
038370AA0 AQFIT 2019-A A 3.14 7/16/2040 220,000 100.32 220,708.62 0.30% MR 1
36258AAB6 GCAR 2019-3A B 2.72 6/17/2024 220,000 100.30 220,669.20 0.30% MR 1
96042FAF1 WLAKE 2018-2A D 4 1/16/2024 215,000 102.46 220,281.52 0.30% MR 1
05492MAC9 BCCFC 2019-1A B 2.664 9/20/2024 220,000 99.69 219,312.50 0.30% MR 1
30312JAB4 FREED 2019-2 B 3.19 11/18/2026 220,000 99.60 219,123.44 0.30% MR 1
55400DAA9 MVWOT 2019-2A A 2.22 10/20/2038 220,000 99.53 218,960.16 0.30% MR 1
30167GAE0 EART 2019-4A C 2.44 9/16/2024 220,000 99.46 218,814.06 0.30% MR 1
81747EAM9 SEMT 2018-CH2 A12 FRN 6/25/2048 215,311 101.28 218,064.80 0.30% MR 1
92536FAA4 VERUS 2018-1 A1 FRN 2/25/2048 216,683 100.29 217,317.94 0.30% MR 1
172967LH2 CITIGROUP INC FRN 4/25/2022 215,000 101.07 217,310.24 0.30% B 1
00085MAA7 ACC 2019-1 A 3.75 5/20/2022 215,838 100.54 217,011.04 0.30% MR 1
68504UAB7 ONGLT 2019-A B 3.36 4/9/2038 213,526 101.46 216,653.31 0.30% MR 1
252722AB9 DROT 2019-1A B 3.53 2/20/2032 216,661 99.92 216,490.39 0.30% MR 1
205887CA8 CONAGRA BRANDS INC 4.3 5/1/2024 200,000 107.29 214,580.80 0.29% B 1
23343GAE2 DTAOT 2019-1A C 3.61 11/15/2024 210,000 102.01 214,223.90 0.29% MR 1
85208NAD2 SPRINT SPECTRUM / SPEC I 4.738 3/20/2025 200,000 106.50 213,000.00 0.29% B 1
86359BGQ8 SARM 2004-1 6A FRN 2/25/2034 207,099 102.48 212,235.76 0.29% MR 1
916780AA7 UPST 2019-2 A 2.897 9/20/2029 211,274 100.25 211,807.10 0.29% MR 1
92872KAA5 VOLT 2019-NPL2 A1 FRN 2/25/2049 210,136 100.44 211,055.63 0.29% MR 1
629377CK6 NRG ENERGY INC 3.75 6/15/2024 204,000 103.43 210,996.34 0.29% B 1
80282KAT3 SANTANDER HOLDINGS USA 3.7 3/28/2022 205,000 102.52 210,173.11 0.29% B 1
83405AAA2 SCLP 2017-1 A 3.28 1/26/2026 208,299 100.71 209,774.48 0.29% MR 1
83405TAA1 SCLP 2019-3 A 2.9 5/25/2028 206,393 100.72 207,872.95 0.29% MR 1
90945QAD3 UACST 2019-1 D 3.47 8/12/2024 205,000 101.12 207,299.55 0.28% MR 1
02530DAC0 ACAR 2019-2 C 3.17 6/12/2025 205,000 101.02 207,097.58 0.28% MR 1
36228FPE0 GSR 2003-3F 1A6 6 4/25/2033 193,268 106.51 205,849.29 0.28% MR 1
03846JW22 ARAB REPUBLIC OF EGYPT 5.875 6/11/2025 200,000 102.31 204,616.20 0.28% FB 1
66977WAP4 NOVA CHEMICALS CORP 5 5/1/2025 200,000 102.25 204,500.00 0.28% FB 1
12625GAC8 CNOOC FINANCE 2013 LTD 3 5/9/2023 200,000 101.79 203,576.00 0.28% FB 1
962178AN9 TRI POINTE GROUP / HOMES 5.875 6/15/2024 190,000 107.00 203,300.00 0.28% B 1
BL270296900001 ARAMARK SERVICES 03/28/24 Term Loan 202,310 100.27 202,848.01 0.28% TL 1
302635AB3 FS KKR CAPITAL CORP 4.25 1/15/2020 202,000 100.20 202,403.48 0.28% B 1
576434QC1 MALT 2004-4 6A1 5.5 4/25/2034 191,173 105.85 202,350.73 0.28% MR 1
89173FAA8 TPMT 2017-1 A1 FRN 10/25/2056 199,264 101.28 201,811.89 0.28% MR 1
900123CV0 REPUBLIC OF TURKEY 6.35 8/10/2024 200,000 100.70 201,407.40 0.28% FB 1
63938CAB4 NAVIENT CORP 5.875 10/25/2024 200,000 100.50 201,000.00 0.28% B 1
761735AR0 REYNOLDS GRP ISS/REYNOLD FRN 7/15/2021 200,000 100.25 200,500.00 0.28% B 1
14040HBK0 CAPITAL ONE FINANCIAL CO 3.75 7/28/2026 190,000 103.98 197,567.20 0.27% B 1
04010LAU7 ARES CAPITAL CORP 3.5 2/10/2023 195,000 100.83 196,618.97 0.27% B 1
02529LAE1 ACAR 2017-2 C 2.86 6/12/2023 196,043 100.16 196,357.55 0.27% MR 1
74937LAA4 RCO 2019-1 A1 FRN 5/24/2024 195,563 100.37 196,289.74 0.27% MR 1
78471FAA0 SCLP 2016-3 A 3.05 12/26/2025 193,511 100.41 194,301.54 0.27% MR 1
31572XAA8 EFMT 2017-1 A1 FRN 10/25/2047 194,252 99.85 193,960.05 0.27% MR 1
949803AA8 WFMBS 2004-U A1 FRN 10/25/2034 188,381 102.77 193,598.89 0.27% MR 1
00206RGD8 AT&T INC FRN 6/12/2024 190,000 101.72 193,275.74 0.27% B 1
71654QCD2 PETROLEOS MEXICANOS 4.625 9/21/2023 180,000 104.20 187,560.00 0.26% FB 1
83405XAA2 SCLP 2018-3 A1 3.2 8/25/2027 186,738 100.29 187,279.03 0.26% MR 1
91678RAB6 UPST 2017-2 B 3.748 3/20/2025 186,640 100.22 187,050.22 0.26% MR 1
14366LAA0 CNART 2019-1A A 2.72 11/15/2022 184,866 100.03 184,925.09 0.25% MR 1
92537GAA1 VERUS 2019-2 A1 FRN 4/25/2059 183,390 100.76 184,787.34 0.25% MR 1
BL238559100001 Cablevision Systems 3/17 Cov-Li 07/17/25 Term Loan 185,465 99.53 184,587.54 0.25% TL 1
036752AJ2 ANTHEM INC 2.375 1/15/2025 185,000 99.26 183,626.60 0.25% B 1
BL264532500001 ILFC (Delos Finance) 3/18 Cov-L 10/06/23 Term Loan 182,500 100.30 183,051.15 0.25% TL 1
26208FAJ0 DRIVE 2017-2 C 2.75 9/15/2023 182,718 100.10 182,903.24 0.25% MR 1
912796TD1 TREASURY BILL DISCOUNT 8/13/2020 185,000 98.64 182,488.44 0.25% TI 1
92535TAD9 VERUS 2018-2 B1 FRN 6/1/2058 180,000 101.36 182,448.86 0.25% MR 1
15189TAW7 CENTERPOINT ENERGY INC 2.5 9/1/2024 180,000 100.20 180,366.52 0.25% B 1
74142RAA2 PRET 2019-NPL3 A1 FRN 7/27/2059 180,000 100.18 180,327.29 0.25% MR 1
83085DAC9 SKOP 2019-1A C 3.63 9/16/2024 180,000 99.98 179,958.83 0.25% MR 1
46643UDJ5 JPMMT 2015-1 AM1 FRN 12/25/2044 179,866 100.01 179,891.37 0.25% MR 1
075887BT5 BECTON DICKINSON AND CO 2.894 6/6/2022 177,000 101.56 179,764.62 0.25% B 1
233331AW7 DTE ENERGY CO 2.529 10/1/2024 179,000 100.06 179,107.81 0.25% B 1
42824CBE8 HP ENTERPRISE CO 2.25 4/1/2023 180,000 99.45 179,010.77 0.25% B 1
21052NAA0 CLUB 2018-P2 A 3.47 10/15/2025 175,128 100.60 176,174.57 0.24% MR 1
85211XAA1 SHMLT 2019-SH1 A1 FRN 4/29/2049 174,305 100.83 175,750.17 0.24% MR 1
38141GVX9 GOLDMAN SACHS GROUP INC FRN 10/28/2027 170,000 103.36 175,715.05 0.24% B 1
38141EB81 GOLDMAN SACHS GROUP INC FRN 11/29/2023 170,000 103.07 175,224.11 0.24% B 1
21054PAB1 CLUB 2019-P2 A 2.47 10/15/2026 172,977 99.94 172,881.93 0.24% MR 1
12652BAB7 CPS 2017-D B 2.43 1/18/2022 172,374 100.03 172,432.18 0.24% MR 1
17326QAA1 CMLTI 2018-RP1 A1 FRN 9/25/2064 170,704 100.95 172,322.20 0.24% MR 1
17324VAH7 CMLTI 2015-PS1 A1 FRN 9/25/2042 167,531 102.46 171,656.83 0.24% MR 1
64828EAA3 NRZT 2019-NQM4 A1 FRN 9/25/2059 170,000 100.03 170,050.47 0.23% MR 1
36228F4R4 GSR 2004-7 3A1 FRN 6/25/2034 169,316 100.31 169,847.93 0.23% MR 1
03938LAZ7 ARCELORMITTAL 6.125 6/1/2025 150,000 112.03 168,051.99 0.23% FB 1
86933YAA4 SCML 2017-SBC6 A FRN 5/25/2037 166,404 100.50 167,240.50 0.23% MR 1
369604BQ5 GENERAL ELECTRIC CO 5 PERPETUAL 6/15/2166 175,000 94.77 165,845.75 0.23% B 1
07332CAA5 BOMFT 2017-RT4 A FRN 7/28/2057 161,158 102.52 165,226.86 0.23% MR 1
BL263658900001 TransDigm 2/18 C 08/22/24 166,190 99.27 164,973.35 0.23% TL 1
92537BAA2 VERUS 2018-3 A1 FRN 10/25/2058 162,327 101.32 164,469.45 0.23% MR 1
949458AA1 WLKRG 2015-AA A 2.79 6/16/2031 162,022 100.10 162,182.88 0.22% MR 1
03523TBX5 ANHEUSER-BUSCH INBEV WOR 4.15 1/23/2025 148,000 109.16 161,554.62 0.22% FB 1
096630AD0 BOARDWALK PIPELINES LP 4.95 12/15/2024 150,000 107.48 161,224.02 0.22% B 1
94981VAB3 WFMBS 2004-K 1A2 FRN 7/25/2034 151,928 103.60 157,402.91 0.22% MR 1
02528CAC6 ACAR 2019-1 B 3.32 4/12/2023 155,000 101.15 156,778.10 0.22% MR 1
86359A5V1 SASC 2003-34A 6A FRN 11/25/2033 152,095 102.61 156,064.27 0.21% MR 1
06051GBE8 BAFC 2004-A 5A1 FRN 7/20/2034 150,723 102.71 154,814.91 0.21% MR 1
00772BAR2 AERCAP IRELAND CAP/GLOBA 3.95 2/1/2022 150,000 103.13 154,697.16 0.21% FB 1
BL311756300001 ALBERTSON'S 10/18 B7 COV-LITE TERM LOAN 151,386 100.57 152,247.51 0.21% TL 1
33843NAE1 FCAT 2016-2 B 3.84 9/15/2022 151,283 100.49 152,019.17 0.21% MR 1
74362DAA6 PMIT 2019-3A A 3.19 7/15/2025 151,084 100.56 151,934.48 0.21% MR 1
152314LE8 CXHE 2004-D AF5 5.85 9/25/2034 149,350 101.43 151,484.33 0.21% MR 1
06051GHB8 BANK OF AMERICA CORP FRN 2/5/2026 153,000 99.00 151,477.54 0.21% B 1
576434J39 MALT 2005-2 2A1 6 1/25/2035 141,500 106.69 150,965.49 0.21% MR 1
05367MAA5 AVID 2018-1 A 2.84 8/15/2023 149,961 100.14 150,171.01 0.21% MR 1
94980FAA1 WFMBS 2004-A A1 FRN 2/25/2034 143,178 104.85 150,120.82 0.21% MR 1
07324YAC3 BAYC 2006-2A A2 FRN 7/25/2036 154,433 97.10 149,951.78 0.21% MR 1
20826JAB4 CONN 2018-A B 4.65 1/15/2023 147,699 100.70 148,733.08 0.20% MR 1
96033CAA0 WESTR 2016-1A A 3.5 12/20/2028 147,800 100.42 148,422.46 0.20% MR 1
32058NAJ2 FIAOT 2017-1A D 3.6 4/17/2023 145,000 101.73 147,509.65 0.20% MR 1
65341KBA3 NFMOT 2018-1A A2 3.22 2/15/2023 145,000 101.33 146,921.25 0.20% MR 1
151608AB2 CPF 2012-2A 1 2.61 8/20/2021 145,164 99.69 144,708.26 0.20% MR 1
03463TAA8 AOMT 2018-1 A1 FRN 4/27/2048 143,452 100.53 144,218.92 0.20% MR 1
19687VAA9 COLT 2018-2 A1 FRN 7/27/2048 142,066 100.60 142,923.86 0.20% MR 1
042858AA8 ARRW 2019-2 A1 FRN 4/25/2049 140,109 101.44 142,126.86 0.20% MR 1
89178AAA4 TPHT 2019-HE1 A1 FRN 4/25/2048 141,629 100.33 142,090.25 0.20% MR 1
68504TAA2 ONGLT 2015-AA A 2.88 9/8/2027 141,003 100.39 141,550.48 0.19% MR 1
55388PAB6 MVWOT 2015-1A B 2.96 12/20/2032 139,308 100.16 139,536.84 0.19% MR 1
12061AAA6 BHLD 2019-1 A1 3.613 10/26/2048 137,853 101.13 139,408.21 0.19% MR 1
BL255368500001 MEDALLION MIDLAND ACQ 10/30/24 TERM LOAN 144,827 96.00 139,033.89 0.19% TL 1
86359BBS9 SASC 2003-37A 2A FRN 12/25/2033 132,215 103.22 136,475.62 0.19% MR 1
05946XPV9 BAFC 2005-1 1A1 5.5 2/25/2035 128,451 102.72 131,950.04 0.18% MR 1
64828YAR2 NRZT 2014-2A A3 FRN 5/25/2054 125,423 101.85 127,744.93 0.18% MR 1
36418GAU8 GFMT 2018-2 A41 FRN 10/25/2058 123,432 102.74 126,810.76 0.17% MR 1
466247K51 JPMMT 2006-A2 4A1 FRN 8/25/2034 107,530 105.20 113,125.75 0.16% MR 1
30166JAC9 EART 2017-1A B 3 12/15/2021 112,453 100.26 112,748.72 0.15% MR 1
576436CN7 MASD 2005-3 A2 5.704 11/25/2035 110,612 101.10 111,832.76 0.15% MR 1
635419AE4 NATCM 2008-1 2A1 6 3/25/2038 107,012 104.36 111,678.08 0.15% MR 1
00436KAA7 APF 2017-A A 3.06 4/15/2029 110,732 100.00 110,731.90 0.15% MR 1
BL311235800001 CLEAR CHANNEL OUTDOOR HO 5.7656 08/21/26 TERM LOAN 110,000 99.98 109,972.50 0.15% TL 1
900123AW0 REPUBLIC OF TURKEY 7.375 2/5/2025 105,000 103.93 109,124.19 0.15% FB 1
88033GCY4 TENET HEALTHCARE CORP 4.875 1/1/2026 105,000 103.28 108,444.00 0.15% B 1
92257LAB6 VCC 2017-1 AFX FRN 5/25/2047 107,388 99.79 107,164.88 0.15% MR 1
9292274D5 WAMU 2003-AR6 A1 FRN 6/25/2033 102,732 103.73 106,559.16 0.15% MR 1
22541Q2D3 CSFB 2003-AR30 5A1 FRN 1/25/2034 103,587 102.59 106,267.71 0.15% MR 1
BL287002200001 NEXSTAR BROADCAS 09/21/2026 105,000 100.18 105,185.85 0.14% TL 1
38145GAG5 GOLDMAN SACHS GROUP INC 2.35 11/15/2021 105,000 100.12 105,129.29 0.14% B 1
38061LAA7 GLDKR 2014-A A 3.22 3/17/2031 102,036 100.10 102,139.90 0.14% MR 1
949808BC2 WFMBS 2003-J 5A1 FRN 10/25/2033 97,812 104.30 102,015.41 0.14% MR 1
03463VAA3 AOMT 2018-2 A1 FRN 7/27/2048 98,691 101.22 99,896.64 0.14% MR 1
64829YAA8 NRZT 2019-NQM1 A1 FRN 1/25/2049 92,753 101.74 94,363.92 0.13% MR 1
91832XAA8 VOLT 2018-NPL7 A1A FRN 9/25/2048 89,885 100.76 90,564.35 0.12% MR 1
909287AA2 UAL 2007 PASS TRUST 6.636 7/2/2022 82,079 106.01 87,015.94 0.12% B 1
12667FRY3 CWALT 2004-22CB 1A1 6 10/25/2034 83,939 102.77 86,266.48 0.12% MR 1
24381FAC9 DRMT 2017-3A A3 FRN 10/25/2047 81,359 100.06 81,409.46 0.11% MR 1
949808AP4 WFMBS 2003-J 2A1 FRN 10/25/2033 78,662 103.14 81,134.14 0.11% MR 1
126650DD9 CVS HEALTH CORP FRN 3/9/2021 80,000 100.58 80,464.06 0.11% B 1
BL224978900003 ELDORADO RESORTS INC 04/17/24 TERM LOAN 79,596 99.98 79,580.05 0.11% TL 1
17288XAB0 CITADEL LP 4.875 1/15/2027 75,000 102.96 77,217.96 0.11% B 1
BL224978900002 ELDORADO RESORTS INC 04/17/24 Term Loan 75,891 99.98 75,875.21 0.10% TL 1
893647BE6 TRANSDIGM INC 6.25 3/15/2026 70,000 107.25 75,075.00 0.10% B 1
24381CAA0 DRMT 2017-2A A1 FRN 6/25/2047 72,142 100.03 72,163.08 0.10% MR 1
BL3108760 KESTREL BIDCO INC 10/08/2026 70,000 100.65 70,456.75 0.10% TL 1
92536MAC5 VERUS 2018-INV1 A3 FRN 3/25/2058 69,213 100.72 69,707.61 0.10% MR 1
05606VAA6 BXGNT 2013-A A 3.01 12/4/2028 67,070 99.75 66,905.93 0.09% MR 1
92536BAA3 VERUS 2017-1A A1 FRN 1/25/2047 66,126 100.08 66,179.69 0.09% MR 1
70014LAC4 PARK AEROSPACE HOLDINGS 4.5 3/15/2023 62,464 104.33 65,168.69 0.09% FB 1
BL284931500001 COMMSCOPE INC 04/06/26 TERM LOAN 65,000 98.73 64,171.25 0.09% TL 1
35104VAB8 FCRT 2016-1 A2 2.87 10/15/2021 62,662 100.10 62,724.51 0.09% MR 1
00435QAA5 ACC 2018-1 A 3.7 12/21/2020 60,600 100.11 60,666.08 0.08% MR 1
89114QCA4 TORONTO-DOMINION BANK 2.65 6/12/2024 57,000 101.99 58,134.71 0.08% FB 1
86359BNT4 SARM 2004-4 3A1 FRN 4/25/2034 55,392 104.51 57,887.45 0.08% MR 1
83405DAB4 SOFI 2017-C A2A 1.75 7/25/2040 57,337 99.93 57,294.84 0.08% MR 1
939336J38 WAMMS 2003-AR4 2A1 FRN 8/25/2033 54,281 99.82 54,184.83 0.07% MR 1
07325VAC8 BAYV 2007-A 1A2 6.205 5/28/2037 53,957 100.08 54,000.46 0.07% MR 1
949832AP4 WFMBS 2005-14 2A1 5.5 12/25/2035 49,834 105.27 52,460.07 0.07% MR 1
534187AU3 LINCOLN NATIONAL CORP FRN 4/20/2067 60,000 80.15 48,091.20 0.07% B 1
82967NBE7 SIRIUS XM RADIO INC 4.625 7/15/2024 45,000 104.50 47,025.00 0.06% B 1
94981VAY3 WFMBS 2004-K 2A12 FRN 7/25/2034 44,629 101.13 45,133.82 0.06% MR 1
04542BMU3 ABFC 2005-AQ1 A6 4.72143 1/25/2035 43,295 103.26 44,708.69 0.06% MR 1
94980RAC1 WFMBS 2004-Z 2A1 FRN 12/25/2034 40,582 102.97 41,788.06 0.06% MR 1
26208BAL4 DRIVE 2016-CA C 3.02 11/15/2021 39,932 100.08 39,962.08 0.05% MR 1
22541SXJ2 CSFB 2004-AR8 6A1 FRN 9/25/2034 35,677 102.29 36,494.26 0.05% MR 1
02209SBC6 ALTRIA GROUP INC 4.4 2/14/2026 30,000 106.75 32,025.53 0.04% B 1
83085LAA5 SKOP 2018-1A A 3.19 9/15/2021 31,649 100.07 31,672.37 0.04% MR 1
23341KAC9 DRB 2015-D A3 2.5 1/25/2036 28,971 100.03 28,979.15 0.04% MR 1
538034AR0 LIVE NATION ENTERTAINMEN 4.75 10/15/2027 25,000 104.05 26,012.50 0.04% B 1
BL3165844 APi Group/J2 Acquisition 9/19 C Term Loan 25,000 100.50 25,125.00 0.03% TL 1
22541SX29 CSFB 2004-8 6A1 4.5 12/25/2019 22,403 99.95 22,391.28 0.03% MR 1
36242DSS3 GSAA 2005-1 AF4 5.619 11/25/2034 20,479 100.03 20,485.06 0.03% MR 1
BL224978900001 ELDORADO RESORTS INC 04/17/24 Term Loan 19,763 99.98 19,759.17 0.03% TL 1
02209SBA0 ALTRIA GROUP INC 3.49 2/14/2022 18,000 102.43 18,437.77 0.03% B 1
88161DAA9 TESLA 2018-A A 2.32 12/20/2019 16,131.10 100 16,131.47 0.02% MR
620076BB4 MOTOROLA SOLUTIONS INC 3.75 5/15/2022 15,173.00 103.71 15,735.71 0.02% B
210805DS3 CONTL AIRLINES 1999-2 6.236 3/15/2020 15,074.86 100.97 15,220.94 0.02% B
744320AM4 PRUDENTIAL FINANCIAL INC FRN 6/15/2043 14,000.00 107.44 15,041.11 0.02% B
44935AAB1 HALST 2018-A A2A 2.55 8/17/2020 13,872.57 100.03 13,876.93 0.02% MR
26223UAD1 DRUGB 2014-1 A2 3.484 7/15/2023 13,652.95 100.01 13,653.83 0.02% MR
94979WAA7 WFMBS 2003-G A1 FRN 6/25/2033 12,612.76 103.78 13,089.66 0.02% MR
X9USDJPMR JP MORGAN USD GOVT MONEY MARKET INSTL 2,009,358.07 1 2,009,358.07 2.76% MM
CASH -567,147.42 100 -567,147.42 -0.78% 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 08/31/2019

MINC Sector Allocation

FUND

Fixed Income Attributes

As of 9/30/2019

Duration 1.68 years
Duration 1.73 years
Yield to Maturity 2.98%
30-Day SEC Subsidized Yield 2.63%
30-Day SEC Unsubsidized Yield 2.51%

Past Performance is not indicative of future results. Duration is a measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years. Rising interest rates mean falling bond prices, while declining interest rates mean rising bond prices. 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.

FUND

Documents

FUND

Fees & Expenses

Management Fee 0.50%
Other Expenses 0.19%
Gross Expense Ratio 0.69%
Net Expense Ratio 0.69%

*Effective as of March 16, 2019, the management fee paid by the Fund to AdvisorShares Investments, LLC has been reduced from 0.65% to 0.50% of the Fund’s average daily net assets.

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) MINC
12/27/2019 12/30/2019 - - - - -
11/26/2019 11/27/2019 - - - - -
10/28/2019 10/29/2019 - - - - -
09/25/2019 09/26/2019 09/30/2019 $0.106880 $0.000000 $0.000000 $0.000000 $0.106880
08/27/2019 08/28/2019 08/30/2019 $0.119360 $0.000000 $0.000000 $0.000000 $0.119360
07/26/2019 07/29/2019 07/31/2019 $0.123400 $0.000000 $0.000000 $0.000000 $0.123400
06/25/2019 06/26/2019 06/28/2019 $0.106400 $0.000000 $0.000000 $0.000000 $0.106400
05/28/2019 05/29/2019 05/31/2019 $0.137300 $0.000000 $0.000000 $0.000000 $0.137300
04/25/2019 04/26/2019 04/30/2019 $0.114600 $0.000000 $0.000000 $0.000000 $0.114600
03/26/2019 03/27/2019 03/29/2019 $0.119300 $0.000000 $0.000000 $0.000000 $0.119300
01/28/2019 01/29/2019 01/31/2019 $0.111260 $0.000000 $0.000000 $0.000000 $0.111260
12/27/2018 12/28/2018 12/31/2018 $0.140510 $0.000000 $0.000000 $0.000000 $0.140510
11/27/2018 11/28/2018 11/30/2018 $0.121160 $0.000000 $0.000000 $0.000000 $0.121160
10/26/2018 10/29/2018 10/31/2018 $0.115210 $0.000000 $0.000000 $0.000000 $0.115210
09/26/2018 09/27/2018 09/28/2018 $0.108830 $0.000000 $0.000000 $0.000000 $0.108830
08/27/2018 08/28/2018 08/31/2018 $0.121190 $0.000000 $0.000000 $0.000000 $0.121190
07/26/2018 07/27/2018 07/31/2018 $0.115350 $0.000000 $0.000000 $0.000000 $0.115350
06/25/2018 06/26/2018 06/29/2018 $0.114380 $0.000000 $0.000000 $0.000000 $0.114380
05/25/2018 05/29/2018 05/31/2018 $0.109790 $0.000000 $0.000000 $0.000000 $0.109790
04/25/2018 04/26/2018 04/30/2018 $0.104700 $0.000000 $0.000000 $0.000000 $0.104700
03/26/2018 03/27/2018 03/29/2018 $0.095030 $0.000000 $0.000000 $0.000000 $0.095030
02/26/2018 02/27/2018 02/28/2018 $0.108500 $0.000000 $0.000000 $0.000000 $0.108500
01/26/2018 01/29/2018 01/31/2018 $0.092000 $0.000000 $0.000000 $0.000000 $0.092000
12/27/2017 12/28/2017 12/29/2017 $0.118770 $0.000000 $0.000000 $0.000000 $0.118770
11/28/2017 11/29/2017 11/30/2017 $0.106580 $0.000000 $0.000000 $0.000000 $0.106580
10/27/2017 10/30/2017 10/31/2017 $0.103030 $0.000000 $0.000000 $0.000000 $0.103030
09/26/2017 09/27/2017 09/29/2017 $0.103360 $0.000000 $0.000000 $0.000000 $0.103360
08/25/2017 08/29/2017 08/31/2017 $0.092930 $0.000000 $0.000000 $0.000000 $0.092930
07/26/2017 07/28/2017 07/31/2017 $0.099450 $0.000000 $0.000000 $0.000000 $0.099450
06/23/2017 06/28/2017 06/30/2017 $0.102540 $0.000000 $0.000000 $0.000000 $0.102540
05/23/2017 05/26/2017 05/31/2017 $0.100580 $0.000000 $0.000000 $0.000000 $0.100580
04/21/2017 04/26/2017 04/28/2017 $0.101160 $0.000000 $0.000000 $0.000000 $0.101160
03/24/2017 03/28/2017 03/31/2017 $0.103650 $0.000000 $0.000000 $0.000000 $0.103650
02/23/2017 02/27/2017 02/28/2017 $0.100240 $0.000000 $0.000000 $0.000000 $0.100240
01/25/2017 01/27/2017 01/31/2017 $0.089100 $0.000000 $0.000000 $0.000000 $0.089100
12/23/2016 12/28/2016 12/30/2016 $0.130700 $0.000000 $0.000000 $0.000000 $0.130700
11/23/2016 11/28/2016 11/30/2016 $0.099600 $0.000000 $0.000000 $0.000000 $0.099600
10/25/2016 10/27/2016 10/31/2016 $0.102400 $0.000000 $0.000000 $0.000000 $0.102400
09/26/2016 09/28/2016 09/30/2016 $0.111000 $0.000000 $0.000000 $0.000000 $0.111000
08/25/2016 08/29/2016 08/31/2016 $0.111100 $0.000000 $0.000000 $0.000000 $0.111100
07/25/2016 07/27/2016 07/29/2016 $0.114300 $0.000000 $0.000000 $0.000000 $0.114300
06/24/2016 06/28/2016 06/30/2016 $0.115800 $0.000000 $0.000000 $0.000000 $0.115800
05/24/2016 05/26/2016 05/31/2016 $0.111800 $0.000000 $0.000000 $0.000000 $0.111800
04/25/2016 04/27/2016 04/29/2016 $0.123900 $0.000000 $0.000000 $0.000000 $0.123900
03/24/2016 03/29/2016 03/31/2016 $0.121700 $0.000000 $0.000000 $0.000000 $0.121700
02/23/2016 02/25/2016 02/29/2016 $0.102900 $0.000000 $0.000000 $0.000000 $0.102900
01/25/2016 01/27/2016 01/29/2016 $0.088300 $0.000000 $0.000000 $0.000000 $0.088300
12/24/2015 12/29/2015 12/31/2015 $0.146700 $0.000000 $0.000000 $0.000000 $0.146700
11/23/2015 11/25/2015 11/30/2015 $0.107300 $0.000000 $0.000000 $0.000000 $0.107300
10/26/2015 10/28/2015 10/30/2015 $0.119200 $0.000000 $0.000000 $0.000000 $0.119200
09/24/2015 09/28/2015 09/30/2015 $0.115900 $0.000000 $0.000000 $0.000000 $0.115900
08/25/2015 08/27/2015 08/31/2015 $0.119600 $0.000000 $0.000000 $0.000000 $0.119600
07/24/2015 07/28/2015 07/30/2015 $0.094200 $0.000000 $0.000000 $0.000000 $0.094200
06/24/2015 06/26/2015 06/30/2015 $0.123000 $0.000000 $0.000000 $0.000000 $0.123000
05/22/2015 05/27/2015 05/29/2015 $0.101100 $0.000000 $0.000000 $0.000000 $0.101100
04/24/2015 04/28/2015 04/30/2015 $0.112400 $0.000000 $0.000000 $0.000000 $0.112400
03/25/2015 03/27/2015 03/31/2015 $0.121500 $0.000000 $0.000000 $0.000000 $0.121500
02/23/2015 02/25/2015 02/27/2015 $0.105100 $0.000000 $0.000000 $0.000000 $0.105100
01/26/2015 01/28/2015 01/30/2015 $0.079400 $0.000000 $0.000000 $0.000000 $0.079400
12/24/2014 12/29/2014 12/31/2014 $0.164000 $0.000000 $0.000000 $0.000000 $0.164000
11/21/2014 11/25/2014 11/28/2014 $0.095000 $0.000000 $0.000000 $0.000000 $0.095000
10/27/2014 10/29/2014 10/31/2014 $0.128000 $0.000000 $0.000000 $0.000000 $0.128000
09/24/2014 09/26/2014 09/30/2014 $0.114000 $0.000000 $0.000000 $0.000000 $0.114000
08/25/2014 08/27/2014 08/29/2014 $0.115000 $0.000000 $0.000000 $0.000000 $0.115000
07/25/2014 07/29/2014 07/31/2014 $0.114000 $0.000000 $0.000000 $0.000000 $0.114000
06/24/2014 06/26/2014 06/30/2014 $0.123000 $0.000000 $0.000000 $0.000000 $0.123000
05/23/2014 05/28/2014 05/30/2014 $0.097000 $0.000000 $0.000000 $0.000000 $0.097000
04/24/2014 04/28/2014 04/30/2014 $0.113000 $0.000000 $0.000000 $0.000000 $0.113000
03/25/2014 03/27/2014 03/31/2014 $0.111000 $0.000000 $0.000000 $0.000000 $0.111000
02/24/2014 02/26/2014 02/28/2014 $0.126000 $0.000000 $0.000000 $0.000000 $0.126000
01/27/2014 01/29/2014 01/31/2014 $0.095000 $0.000000 $0.000000 $0.000000 $0.095000
12/24/2013 12/27/2013 12/31/2013 $0.132000 $0.000000 $0.000000 $0.000000 $0.132000
11/22/2013 11/26/2013 11/29/2013 $0.109000 $0.000000 $0.000000 $0.000000 $0.109000
10/25/2013 10/29/2013 10/31/2013 $0.121000 $0.000000 $0.000000 $0.000000 $0.121000
09/24/2013 09/26/2013 09/30/2013 $0.106000 $0.000000 $0.000000 $0.000000 $0.106000
08/26/2013 08/28/2013 08/30/2013 $0.114000 $0.000000 $0.000000 $0.000000 $0.114000
07/25/2013 07/29/2013 07/31/2013 $0.109000 $0.000000 $0.000000 $0.000000 $0.109000
06/24/2013 06/26/2013 06/28/2013 $0.108000 $0.000000 $0.000000 $0.000000 $0.108000
05/24/2013 05/29/2013 05/31/2013 $0.093000 $0.000000 $0.000000 $0.000000 $0.093000
04/24/2013 04/26/2013 04/30/2013 $0.051000 $0.000000 $0.000000 $0.000000 $0.051000
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Contact Info

info@advisorshares.com
1.877.843.3831

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Location

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

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ETF Symbols

 

AADR, ACT, 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.
  • An investment in the Fund is subject to risk, including the possible loss of principal amount invested. The Fund’s investment in fixed income securities will change in value in response to interest rate changes and other factors, such as the perception of the issuer’s creditworthiness. Fixed income securities with longer maturities are subject to greater price shifts as a result of interest rate changes than fixed income securities with shorter maturities. The Fund’s investments in high-yield securities or “junk bonds” are subject to a greater risk of loss of income and principal than higher grade debt securities. Emerging and foreign market investments can be more volatile than U.S. securities and will expose the Fund to adverse changes in foreign economic, political, regulatory and currency exchange rates. See prospectus for details regarding specific risks.The Morningstar Rating™ for funds, or “star rating,” is calculated for managed products 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 five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three- and five-year 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.

    © 2019 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

    Overall MINC Morningstar rating is derived from a weighted average of the fund’s 3-, 5-, and 10- year (if applicable) risk-adjusted returns as of 9/30/2019. Category consists of 488 funds in 3 year and 436 in 5 year. MINC received a 4 star rating in the 3 year and a 4 star in the 5 year.

  •  
  • Definitions
  •  
  • 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.