YOLO - AdvisorShares Pure Cannabis ETF

The Freedom to Invest in U.S. Cannabis.

The U.S. represents the largest market in the world and one that we believe represents the greatest untapped growth potential for cannabis.

Symbol Exchange Inception Date CUSIP NAV Value Options
YOLO NYSE Arca 4/17/2019 00768Y495 YOLO.NV Available
<strong>Why Invest in YOLO?</strong>
  • Long-Term Upside Potential – The emergence of select cannabis securities and their long-term growth potential adds a compelling element for investors seeking pure cannabis exposure and a potential high-growth complement to a broad-based equity allocation.
  • First Active ETF with Dedicated Cannabis Exposure – YOLO became the first actively managed ETF with dedicated cannabis exposure available in the U.S., which carries inherent advantages. YOLO can adjust its portfolio more quickly than a passive index-based strategy – an important attribute in a rapidly evolving cannabis marketplace that can witness fluctuations and changes among tradeable equities and an influx of new stock issues.
  • Experienced Portfolio Management Team – YOLO’s portfolio management team carries deep experience in the capital markets and a well-established expertise of investing in highly-regulated areas in the equity markets including cannabis. Their risk management and selective approach is an essential feature of YOLO, which does not blindly invest by following a market-cap-weighted index like other cannabis-related ETF offerings.
<strong>Where Can YOLO Fit in a Traditional Portfolio?</strong>

YOLO can deliver an alpha-seeking, high-growth complement or satellite equity holding to a broad-based equity allocation. YOLO can be used as a buy-and-hold strategy for investors seeking dedicated cannabis exposure for an equity portfolio.

<strong>Key Attributes</strong>
  • Dedicated Cannabis Exposure Including Consumer Product Companies – The portfolio manager allocates across a universe of investable cannabis companies primarily in the U.S. and Canada engaging in legal business that span different industries, including those specializing in consumer products.
  • Emerging Growth Opportunity – Cannabis securities span multiple industries including agriculture, biotechnology, pharmaceutical, real estate, retail, finance, and other medical applications. The portfolio manager believes that an evolving landscape of select, cannabis-related companies may provide upside potential that may lead to attractive growth opportunities.
  • Merger & Acquisition Potential – Due to their emerging growth opportunity, companies involved in legal cannabis-related business both in the U.S. and Canada may benefit from potential merger and acquisition activity as the market matures and evolves.
<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 several AdvisorShares ETFs: MSOS 2x Daily ETF (ticker: MSOX), Pure US Cannabis ETF (ticker: MSOS) – the first ETF to offer U.S.-exclusive cannabis exposure, Pure Cannabis ETF (ticker: YOLO), Vice ETF (ticker: VICE), Hotel ETF (ticker: BEDZ), Restaurant ETF (ticker: EATZ), and Drone Technology ETF (ticker: UAV).

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.

 

YOLO Overview from Dan Ahrens

 

Get an introduction to the YOLO ETF directly from the portfolio manager, Dan Ahrens.

 

MSOS Overview from Dan Ahrens

 

Get an introduction to the MSOS ETF directly from the portfolio manager, Dan Ahrens.

 

Fund

Price History

Fund Data

12/1/2022
NAV $5.39
Change $0.24
Shares Outstanding 13,685,000
Assets Under Management $73,792,876.04

 

 

 

 

Market Data

12/1/2022
Closing Price $5.4
Close Change $0.27
Volume 61,734

Regulatory Data

11/30/2022
Premium Discount $-0.020
30-Day Median bid-ask Spread 1.17
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 10/31/2022

YOLO Regional Allocation

Source: Morningstar & AdvisorShares

YOLO Market Cap

Leveraged Exposure

US

Global

Trader Leverage
2X Daily

MSOX

AdvisorShares MSOS 2x Daily ETF

Intelligent Leverage
Up to 1.5x

PSDN

AdvisorShares Poseidon Dynamic Cannabis ETF

No Leveraged Exposure

US

Global

US Cannabis

MSOS

AdvisorShares Pure US Cannabis ETF

.
Global Cannabis

YOLO

AdvisorShares Pure Cannabis ETF

FUND

Performance

As of 9/30/2022

  NAV Market Price Return S&P 500
1 Month 17.55 16.98 8.10
3 Months -12.75 -12.80 -5.86
YTD -61.90 -61.67 -17.70
1 Year -65.71 -65.59 -14.61
Since Inception (04/17/2019, Annualized) -34.54 -34.52 10.34

As of 9/30/2022

NAV Market Price Return S&P 500
1 Month -25.44 -25.07 -9.21
3 Months -19.98 -19.67 -4.88
YTD -67.58 -67.24 -23.87
1 Year -73.41 -73.13 -15.47
Since Inception (04/17/2019, Annualized) -38.18 -38.07 8.14

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.

Date Account Symbol Stock Ticker Security Number Security Description Shares/Par (Full) Price (Base) Traded Market Value (Base) Portfolio Weight % Asset Group
12/01/2022 YOLO MSOS 00768Y453 ADVISORSHARES PURE US CANN 2,102,448.00 12.75 26,806,212.00 36.34% MF
VFF 92707Y108 VILLAGE FARMS INTERNATIONAL 4,430,131.00 2.11 9,347,576.41 12.67% FS
JAZZ G50871105 JAZZ PHARMACEUTICALS PLC 59,237.00 156.54 9,272,959.98 12.57% FS
TLRY 88688T100 TILRAY BRANDS INC 1,164,914.00 4.17 4,857,691.38 6.59% S
IIPR 45781V101 INNOVATIVE INDUSTRIAL PROPER 32,010.00 119.99 3,840,879.90 5.21% S
GRWG 39986L109 GROWGENERATION CORP 440,279.00 7.6 3,346,120.40 4.54% S
TRSSF TRSSFFFS TERRASCEND CORP SWAP REC 1,300,000.00 2.05 2,665,000.00 3.61% TW
CGC 138035100 CANOPY GROWTH CORP 519,798.00 3.93 2,042,806.14 2.77% FS
HITI 42981E401 HIGH TIDE INC 866,183.00 1.8 1,559,129.40 2.11% FS
RIV BMFBP84 RIV CAPITAL INC 4,975,540.00 0.29 1,426,399.27 1.93% FS
OGI 68620P101 ORGANIGRAM HOLDINGS INC 1,211,686.00 1.1 1,332,854.60 1.81% FS
INCR M549GJ111 INTERCURE LTD 243,190.00 4.86 1,181,903.40 1.60% FS
CWEB BGHY2B1 CHARLOTTES WEB HOLDINGS INC 1,817,435.00 0.65 1,177,384.45 1.60% FS
SOLCF SOLCFFFS SOL GLOBAL INVESTMENTS CORP SWAP REC 3,434,625.00 0.23 772,790.63 1.05% TW
MAPS 92971A109 WM TECHNOLOGY INC 614,432.00 1.16 712,741.12 0.97% S
VLNS BMWSCT8 VALENS CO INC/THE 530,280.00 0.92 489,628.95 0.66% FS
CRDL BHZT969 CARDIOL THERAPEUTICS INC-A 950,790.00 0.49 467,270.86 0.63% FS
CLVR 186760104 CLEVER LEAVES HOLDINGS INC 1,005,983.00 0.46 462,752.18 0.63% FS
IMCC 44969Q307 IM CANNABIS CORP 143,005.40 1.81 258,839.77 0.35% FS
YCBD 12482W101 CBDMD INC 872,753.00 0.28 241,316.20 0.33% S
PW 73933H101 POWER REIT 38,155.00 5.83 222,443.65 0.30% S
PCLO BH4KPJ8 PHARMACIELO LTD 361,137.00 0.24 87,396.80 0.12% FS
CRDL 14161Y200 CARDIOL THERAPEUTICS INC-A 150,000.00 0.5 75,015.00 0.10% FS
CBDHF 423821107 HEMPFUSION WELLNESS INC 1,785,852.00 0.04 71,434.08 0.10% FS
ITHUF ITHUFFFS IANTHUS CAPITAL HOLDINGS SWAP REC 464,000.00 0.04 19,232.80 0.03% TW
X9USDBLYT BLACKROCK TREASURY TRUST INSTL 62 846,155.68 1 846,155.68 1.15% MM
CASH 173,064.30 100 173,064.30 0.23% 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(a) 0.48%
Other Expenses 0.40%
Acquired Fund Fees and Expenses(b) 0.14%
Fee Waiver/Expense Reimbursement(c) -0.14%
Total Annual Operating Expenses 0.88%

(a) The Fund’s advisory fee is 0.60% less the acquired fund fees and expenses related to any investment in AdvisorShares Pure US Cannabis ETF.

(b) Total Annual Operating Expenses and Total Annual Operating Expenses After Waiver/Reimbursement in this fee table may not correlate to the expense ratios in the Fund’s financial highlights. For more information, please read the full prospectus.

(b) The Advisor has contractually agreed to keep net expenses from exceeding 0.74% of the Fund’s average daily net assets for at least one year from the date of the prospectus. For more information, please read the full prospectus.

 

Last Ten

Fund Distributions

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus and summary prospectus. Please read the prospectus and summary prospectus carefully before you invest. Foreside Fund Services, LLC, Distributor.

The Fund is subject to a number of risks that may affect the value of its shares. This section provides additional information about the Fund’s principal risks. The degree to which a risk applies to the Fund varies according to its investment allocation. Each investor should review the complete description of the principal risks before investing in the Fund. As with investing in other securities whose prices increase and decrease in market value, you may lose money by investing in the Fund.

Cannabis-Related Company Risk. Cannabis-related companies are subject to various laws and regulations that may differ at the state/local and federal level. These laws and regulations may (i) significantly affect a cannabis-related company’s ability to secure financing, (ii) impact the market for marijuana industry sales and services, and (iii) set limitations on marijuana use, production, transportation, and storage. Cannabis-related companies may also be required to secure permits and authorizations from government agencies to cultivate or research marijuana. In addition, cannabis-related companies are subject to the risks associated with the greater agricultural industry, including changes to or trends that affect commodity prices, labor costs, weather conditions, and laws and regulations related to environmental protection, health and safety. Cannabis-related companies may also be subject to risks associated with the biotechnology and pharmaceutical industries. These risks include increased government regulation, the use and enforcement of intellectual property rights and patents, technological change and obsolescence, product liability lawsuits, and the risk that research and development may not necessarily lead to commercially successful products.

Shares are bought and sold at market price not net asset value (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.