AdvisorShares Press Release, AdvisorShares Announces December 2016 Distributions
The AdvisorShares Wilshire Buyback ETF (NYSE Arca: TTFS) seeks to generate long-term capital appreciation. TTFS is sub-advised by Wilshire Associates Incorporated, through its Wilshire Funds Management division (“Portfolio Manager”). The Fund seeks to achieve this objective by investing in stocks with liquidity and fundamental characteristics that are historically associated with superior long-term performance. Stock selection for TTFS is based on extensive historical research from Wilshire Associates, a leading independent institutional firm with a long-standing reputation of innovation.
AdvisorShares Press Release, AdvisorShares Announces December 2016 Distributions
AdvisorShares Press Release: Wilshire Funds Management Assumes Portfolio Management of the AdvisorShares Wilshire Buyback ETF (TTFS)
AdvisorShares Press Release: AdvisorShares Announces Sub-Advisor Change for Float Shrink ETF (TTFS)
NAV | Market Price Return | Wilshire U.S. Large-Cap Index | |
---|---|---|---|
1 Month | -2.20 | -2.26 | -2.44 |
3 Months | -3.77 | -3.92 | -0.76 |
YTD | -3.77 | -3.92 | -0.76 |
1 Year | 5.72 | 5.70 | 14.06 |
3 Years | 7.05 | 7.01 | 10.80 |
5 Years | 12.64 | 12.62 | 13.32 |
Since Inception (10/04/2011, Annualized) | 16.78 | 16.77 | 16.49 |
NAV | Market Price Return | Wilshire U.S. Large-Cap Index | |
---|---|---|---|
1 Month | -2.20 | -2.26 | -2.44 |
3 Months | -3.77 | -3.92 | -0.76 |
YTD | -3.77 | -3.92 | -0.76 |
1 Year | 5.72 | 5.70 | 14.06 |
3 Years | 7.05 | 7.01 | 10.80 |
5 Years | 12.64 | 12.62 | 13.32 |
Since Inception (10/04/2011, Annualized) | 16.78 | 16.77 | 16.49 |
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 performance for periods before 07/01/16 is for the AdvisorShares TrimTabs Float Shrink ETF (the “Predecessor Fund”) which was renamed the AdvisorShares Wilshire Buyback ETF on 07/01/16. The Predecessor Fund had different portfolio managers and investment strategy than the Wilshire Buyback ETF. Performance prior to 07/01/16 reflects the Fund’s performance prior to the change in manager and investment strategy and may not be indicative of the Fund’s performance under the new manager and revised investment strategy. Performance since 07/01/16 reflects actual Wilshire Buyback ETF performance.
The Wilshire US Large-Cap Index is a float-adjusted, market capitalization-weighted index of the issues ranked above 750 market capitalization of the Wilshire 5000 Total Market Index. One cannot invest directly in an index.
The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. One cannot invest directly in an index.
Ex-Date | Record Date | Pay Date | Cash Div | ST Cap Gain | LT Cap Gain | Return of Capital | Total Distribution |
---|---|---|---|---|---|---|---|
12-27-18 | 12-28-18 | 12-31-18 | - | - | - | - | - |
12-27-17 | 12-28-17 | 12-29-17 | $0.46596 | $0.00 | $0.00 | $0.00 | $0.46596/per share |
12-23-16 | 12-28-16 | 12-30-16 | $0.7253 | $0.00 | $0.00 | $0.00 | $0.7253/per share |
12-24-15 | 12-29-15 | 12-31-15 | $0.4186 | $0.00 | $0.00 | $0.00 | $0.4186/per share |
12-24-14 | 12-29-14 | 12-31-14 | $0.337 | $0.00 | $0.00 | $0.00 | $0.337/per share |
12-24-13 | 12-27-13 | 12-31-13 | $0.154 | $0.00 | $0.00 | $0.00 | $0.154/per share |
12-24-12 | 12-27-12 | 12-31-12 | $0.213 | $0.123 | $0.00 | $0.00 | $0.336/per share |
12-23-11 | 12-28-11 | 12-30-11 | $0.014 | $0.00 | $0.00 | $0.00 | $0.014/per share |
TTFS can provide an alternative core allocation that may replace or complement market cap, fundamental, dividend or other index weighting methodologies you employ in your portfolio allocation.
Josh Emanuel, CFA, Chief Investment Officer, Wilshire Funds Management
Josh Emanuel joined Wilshire Associates in 2015 and has 15 years of industry experience. In his role as CIO, Mr. Emanuel leads the investment activities of Wilshire Funds Management, including asset allocation, manager research, portfolio management, and investment research. Mr. Emanuel also chairs the Wilshire Funds Management Investment Committee. From 2010 to May 2015, Mr. Emanuel served as chief investment officer of The Elements Financial Group, LLC (TEG), where he developed and managed a variety of outcome-oriented investment strategies and exchange traded funds. Mr. Emanuel also co-developed an innovative technology solution which provides volatility - based risk profiling, risk budgeting, and compliance services to financial advisors and institutions. Prior to his tenure at TEG, Mr. Emanuel served in several roles at Wilshire from 2004-2010, including head of manager research, head of strategy for Wilshire Funds Management, and co-chairman of the Wilshire Funds Management Investment Committee. Prior to 2004, Mr. Emanuel was responsible for international manager research for Jeffrey Slocum & Associates, Inc. Mr. Emanuel has a BA in Finance from the University of Pittsburgh and holds the Chartered Financial Analyst designation.
Kai Chen, Ph.D. Senior Associate
Kai Chen is a senior associate of Wilshire Associates and a member of Wilshire Funds Management’s investment research team. Mr. Chen joined Wilshire in 2014, and is primarily responsible for building quantitative asset allocation models and equity-focused security selection models. He also conducts quantitative research in the areas of strategic and tactical market signal detection, alternative investment portfolio construction, smart beta product development, risk premia investing, and customized investment solutions. Mr. Chen earned his bachelor’s degree in mathematics from Zhejiang University in China and his two MS degrees in computer science and mathematical finance from the University of Southern California. Mr. Chen completed his PhD in operations research at the University of Southern California and has successfully completed all three levels of the Chartered Financial Analyst designation.
NAV | $68.11 | Closing Price | $67.96 |
Change | $0.27 | Change | $0.44 |
Shares Outstanding | 1,500,000 | Volume | 4,247 |
4PM Bid/Offer Midpoint | $68.10 | Premium/Discount | $-0.01 |
Assets Under Management | $102,164,362.31 | ||
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. 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.
Symbol
TTFS
Exchange
NYSE Arca
Inception Date
10/04/2011
CUSIP
00768Y818
Indicative Value
TTFS.IV
Options
No
Management Fee
0.90%
Other Expenses
0.17%
Gross Expense Ratio
1.07%
Fee Waiver and/or Expense Reimbursement
-0.17%
Net Expense Ratio
0.90%*