PSIL - AdvisorShares Psychedelics ETF

Dedicated Investment in the Future of Psychedelics

Based on promising research, psychedelics have the potential to disrupt the mental healthcare industry.

Symbol Exchange Inception Date CUSIP
PSIL NYSE Arca 9/15/2021 00768Y362
<strong>What Does PSIL Invest In?</strong>

The AdvisorShares Psychedelics ETF (NYSE ticker: PSIL) invests in the emerging psychedelic drugs sector, offering exposure to those biotechnology, pharmaceutical and life sciences companies we see as leading the way in this nascent industry. Ongoing and growing research has shown various psychedelic substances offering promising medical and therapeutic potential for treating mental health issues and neurological disorders. PSIL concentrates its portfolio on companies deriving the majority of their net revenue or devoting the majority of their assets to psychedelic drugs.

Note – Due to custody limitations, investment exposure to OTC and foreign listed stocks may be via swap contracts. As a result, the ETF may have a larger than normal cash position as some cash may be held as collateral for the swaps.

<strong>Why Invest in PSIL?</strong>
  • Emerging Growth Opportunity – The psychedelic drug sector faces some of the same hurdles that the cannabis industry faced. However, with research showing positive results in treating mental health issues, a focus on medical, rather than recreational use, and changing legalization, we believe psychedelics could cause a seismic shift in the evolution of medicine. Because this sector will see ongoing change and volatility, we think it is best to view PSIL as a long-term growth opportunity.
  • Benefits of an ETF Structure – Because psychedelics are an emerging sector, we believe an ETF is the best way to invest – PSIL seeks to offer diversification across and access to multiple securities in a single trade, trading liquidity throughout the day on the NYSE, and daily transparency of holdings.
  • Alpha Opportunity – PSIL may help capture early growth in this nascent psychedelic sector – offering dedicated psychedelic exposure when you want it
<strong>Where Can PSIL Fit in a Portfolio?</strong>
PSIL can serve as an alpha-seeking complement to a broad-based equity allocation, offering dedicated exposure solely to the emerging psychedelic industry.
<strong>Key Attributes</strong>
  • Dedicated Psychedelic Exposure – PSIL invests in biotechnology, pharmaceutical and life science companies that derive a majority of their net revenue or devote a majority of their assets to psychedelic drugs. PSIL may offer exposure to some companies not found in other ETFs.
  • Active Management – The psychedelic marketplace is rapidly evolving, witnessing ongoing innovation and an influx of new investment opportunities, as well as volatility. Using daily, active management, PSIL’s portfolio manager can adjust the portfolio more quickly and opportunistically than a passive index-based strategy that must wait for periodic rebalancing.
  • Efficiency, Liquidity & Transparency – PSIL is traded throughout the day on the NSYE, discloses its holdings daily, and offers access to multiple securities in the psychedelic sector in a single trade.
<strong>About the Portfolio Manager</strong>

Dan Ahrens, Portfolio Manager
Mr. Ahrens is a Managing Director and the Chief Operating Officer of AdvisorShares. He is the portfolio manager of the Pure US Cannabis ETF (ticker: MSOS) – the first ETF to offer US cannabis exposure – the Pure Cannabis ETF (ticker: YOLO), the Vice ETF (ticker: VICE), the Hotel ETF (ticker: BEDZ) and the Restaurant ETF (ticker: EATZ).

He carries over two decades of experience in the financial services industry serving in a variety of senior-level capacities and is the author of Investing in Cannabis (Wiley, 2020) and Investing in Vice (St. Martin’s Press, 2004). Additionally, Mr. Ahrens has appeared on numerous financial programs including CNBC, CNN, Fox Business, ABC News and Bloomberg and has been featured, along with funds under his management in major national and trade publications including The Economist, the New York Times, Financial Times, and The Wall Street Journal.

Click on the above slides to expand the slide view.

 

PSIL Overview

Get a quick and easy introduction to the PSIL ETF.

PSIL Overview

Get a quick and easy introduction to the PSIL ETF.

Fund

Price History

As of 12/1/2021

NAV $7.04 Closing Price $7.11
Change $-0.36 Close Change $-0.35
Shares Outstanding 910,000 Volume 18590
4PM Bid/Offer Midpoint $7.06 Premium Discount $0.02
Assets Under Management $6,404,046.54 30-Day Median bid-ask Spread 0.7722008
Premium/Discount Historical Data | NAV Historical Data | Daily Premium/Discount 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 9/15/2021

PSIL Regional Allocation

Source: Bloomberg & AdvisorShares

PSIL Market Capitalization

FUND

Performance

As of 10/31/2021

  NAV Market Price Return S&P 500 Index
1 Month 4.03 2.84 7.01
Since Inception (9/15/2021, Annualized) -6.15 -5.90 2.91

As of 9/30/2021

  NAV Market Price Return S&P 500 Index
Since Inception (9/15/2021 Annualized) -9.78 -8.50 -3.83

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. One cannot invest directly in an index.

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
12/01/2021 PSIL CMPS 20451W101 COMPASS PATHWAYS PLC 25,488.00 32 815,616.00 12.74% FS
ATAI N0731H103 ATAI LIFE SCIENCES NV 58,505.00 10.92 638,874.60 9.98% FS
CYBN 23256X100 CYBIN INC 442,210.00 1.43 632,360.30 9.88% FS
MNMD 60255C109 MIND MEDICINE MINDMED INC 316,582.00 1.91 604,671.62 9.44% FS
FTRP 31656R102 FIELD TRIP HEALTH LTD 173,148.00 3.4 588,703.20 9.19% FS
GHRS G3855L106 GH RESEARCH PLC 18,764.00 23.74 445,457.36 6.96% FS
DMTTF 831664107 SMALL PHARMA INC 1,101,936.00 0.31 341,600.16 5.33% FS
NUMIF 67054W103 NUMINUS WELLNESS INC 714,453.00 0.46 331,470.47 5.18% FS
GBNH 393704309 GREENBROOK TMS INC 57,870.00 5.29 306,132.30 4.78% FS
SEEL 81577F109 SEELOS THERAPEUTICS INC 184,489.00 1.62 298,872.18 4.67% S
PSYBF 693697104 PSYBIO THERAPEUTICS CORP 1,282,358.00 0.23 295,134.69 4.61% FS
ENVB 29405E109 ENVERIC BIOSCIENCES INC 218,146.00 1.22 266,138.12 4.16% S
DRUG 10919W108 BRIGHT MINDS BIOSCIENCES INC 37,124.00 3.86 143,298.64 2.24% FS
WSNAF WSNAFFFS WESANA HEALTH SWAP REC 71,000.00 1.73 122,830.00 1.92% TW
MSSTF MSSTFFFS MINDSET PHARMA SWAP REC 130,000.00 0.55 70,915.00 1.11% TW
RVVTF RVVTFFFS REVIVE THERAPEUTICS SWAP REC 160,000.00 0.43 68,496.00 1.07% TW
CLABF CLABFFFS CORE ONE LABS SWAP REC 90,000.00 0.7 62,756.10 0.98% TW
MYCOF MYCOFFFS MYDECINE INNOVATIONS SWAP REC 345,000.00 0.15 50,025.00 0.78% TW
TRYPF TRYPFFFS TRYP THERAPEUTICS SWAP REC 140,000.00 0.2 28,000.00 0.44% TW
MCURF MCURFFFS MINDCURE HEALTH SWAP REC 130,000.00 0.2 25,837.50 0.40% TW
BETRF BETRFFFS BETTERLIFE PHARMA SWAP REC 110,000.00 0.21 22,660.00 0.35% TW
OPTHF OPTHFFFS OPTIMI HEALTH SWAP REC 40,000.00 0.47 18,800.00 0.29% TW
NVMDF NVMDFFFS NOVAMIND INC SWAP REC 40,000.00 0.45 18,057.20 0.28% TW
HAVLF HAVLFFFS HAVN LIFE SCIENCES SWAP REC 100,000.00 0.18 17,890.00 0.28% TW
EPWCF EPWCFFFS EMPOWER CLINICS SWAP REC 90,000.00 0.2 17,703.00 0.28% TW
PSYCF PSYCFFFS PSYCHED WELLNESS SWAP REC 160,000.00 0.11 17,096.00 0.27% TW
TRUFF TRUFFFFS RED LIGHT HOLLAND SWAP REC 125,000.00 0.11 13,625.00 0.21% TW
CASH 100,583.50 100 100,583.50 1.57% CA
X9USDBLYT BLACKROCK TREASURY TRUST INSTL 62 40,113.30 1 40,113.30 0.63% MM
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 0.60%
Other Expenses* 0.08%
Total Annual Operating Expenses 0.68%

* 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. 
    •    
    • 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.   
    •  
    • Psychedelic drugs, also known as hallucinogens, are a group of substances, including psilocybin, that are used to change and enhance sensory perceptions, thought processes, and energy levels. Psychedelic medicines, therapeutics, and healthcare treatments may be used in the treatment of illnesses such as depression, addiction, anxiety and post-traumatic stress disorder. Psychedelic medicine companies include life sciences companies having significant business activities in, or significant exposure to, the psychedelics industry including producers or distributors of psychedelic medicines, biotechnology companies engaged in research and development of psychedelic medicines, and companies that are part of the supply chain for psychedelics.   
    •      
    • Psychedelics Companies Risk. Psychedelics companies are subject to various laws and regulations that may differ at the state/local and federal level. These laws and regulations may significantly affect a psychedelics company’s ability to secure financing, impact the market for psychedelics and business sales and services, and set limitations on psychedelics use, production, transportation, and storage. There can be no guarantees that such approvals or administrative actions will happen or be favorable for psychedelics companies, and such actions may be subject to lengthy delays, and may require length and expensive clinical trials. Additionally, therapies containing controlled substances may generate public controversy. Political and social pressures and adverse publicity could lead to delays in approval of, and increased expenses for, companies and any future therapeutic candidates they may develop. All of these factors and others may prevent psychedelics companies from becoming profitable, which may materially affect the value of certain Fund investments. In addition, psychedelics are subject to the risks associated with the biotechnology and pharmaceutical industries. 
    •    
    • In Canada, certain psychedelic drugs, including psilocybin, are classified as Schedule III drugs under the Controlled Drugs and Substances Act (“CDSA”) and, as such, medical and recreational use is illegal under Canadian federal laws. In the United States, certain psychedelic drugs, including psilocybin, are classified as Schedule I drugs under the Controlled Substances Act (“CSA”) and the Controlled Substances Import and Export Act (the “CSIEA”) and, as such, medical and recreational use is illegal under the U.S. federal laws. There is no guarantee that psychedelic drugs or psychedelic-inspired drugs will ever be approved as medicines in either jurisdiction.   
    •    
    • In the United States, scheduling determinations by the Drug Enforcement Agency (“DEA”) are dependent on Food and Drug Administration (“FDA”) approval of a substance or a specific formulation of a substance. Unless and until psilocybin, psilocin, or other psychedelics-based products receive FDA approval, such products may be prohibited from sale, which could limit the growth opportunities for certain portfolio companies of the Fund. Even if approved by the FDA, the manufacture, importation, exportation, domestic distribution, storage, sale, and legitimate use of such products will continue to be subject to a significant degree of regulation by the DEA. 
    •  
    • Security prices of small 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. These risks are even greater for micro-cap companies.   
    •  
  •