AdvisorShares Pacific Asset Enhanced Floating Rate ETF

C000142873 Fund Overview

AdvisorShares Pacific Asset Enhanced Floating Rate ETF is a US ETF managed by AdvisorShares Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: AdvisorShares Trust
• Category: Money Market
• Assets under management: $29.33M
• SEC CIK: 0001408970
• SEC series ID: S000045833
• Share class ID: C000142873

C000142873 Investment Objective and Strategy

AdvisorShares Pacific Asset Enhanced Floating Rate ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AdvisorShares Trust.

Investment objective

The AdvisorShares Pacific Asset Enhanced Floating Rate ETF (the Fund) seeks to provide a high level of current income.

Principal investment strategy

The Fund is an actively managed exchange-traded fund (ETF). Pacific Asset Management (the Sub-Advisor) seeks to achieve the Fund's investment objective by selecting a focused portfolio comprised primarily of income producing floating rate loans and floating rate debt securities. Under normal circumstances, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in floating rate loans and other floating rate debt securities and in derivatives or other instruments that have economic characteristics similar to such securities (such as swap agreements, including, but not limited to, total return swaps, credit default swaps, and interest rate swaps). The Fund is expected to invest primarily in loans and other securities that are rated below investment grade ( i.e.

, high yield securities, sometimes called junk bonds or non-investment grade securities) or, if unrated, of comparable quality as determined by the Sub-Advisor. Floating rate loans and floating rate debt securities are those with interest rates which float, adjust or vary periodically based upon a benchmark indicator, a specified adjustment schedule, or prevailing interest rates. Floating rate loans and floating rate debt securities in which the Fund invests consist of senior secured floating rate loans and floating rate debt securities of domestic and U.S. dollar denominated foreign issuers. Senior floating rate loans and some floating rate debt securities are debt instruments that may have a right to payment that is senior to most other debts of the borrowers. Borrowers may include corporations, partnerships and other entities that operate in a variety of industries and geographic regions.

Generally, secured floating rate loans are secured by specific assets of the borrower. The Fund may invest up to 20% of its assets in certain other types of debt instruments or securities including senior unsecured floating rate loans and secured and unsecured second lien floating rate loans. Second lien loans generally are second in line behind senior loans in terms of prepayment priority with respect to pledged collateral. The Sub-Advisor determines the target risk and investable universe, then constructs what it believes to be the most effective mix of investments in accordance with the overall portfolio guidelines. To seek an increase in yield, the Fund expects to employ leverage to enhance potential return. The timing and terms of leverage will be determined by the Sub-Advisor's ETF Investment Committee.

The Fund may use leverage by borrowing money, normally on a floating rate basis, or through swap agreements. An investment is generally sold when it no longer offers relative value or an adverse change in corporate or sector fundamentals has occurred. On a day-to-day basis, the Fund may hold money market instruments, cash, other cash equivalents, and exchange traded products (ETPs) that invest in these and other highly liquid instruments.

C000142873 Costs and Fees

C000142873 costs about $113 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.13%
• Gross expense ratio: 1.66%
• Portfolio turnover: 70%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000142873 Cashflows

Over the 12 months to 2019-09, AdvisorShares Pacific Asset Enhanced Floating Rate ETF had net inflows of $0, from monthly SEC N-PORT filings.

C000142873 Debt Constituents

No individual debt constituents are reported in AdvisorShares Pacific Asset Enhanced Floating Rate ETF's latest SEC N-PORT filing.

C000142873 Prospectus and SEC Filings

Official AdvisorShares Pacific Asset Enhanced Floating Rate ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-11-15
• Prospectus (485BPOS) — filed 2018-11-14
• Prospectus (485BPOS) — filed 2017-11-17
• Portfolio holdings (N-PORT) — filed 2019-11-21
• Annual census (N-CEN) — filed 2019-09-04
• Annual census (N-CEN) — filed 2018-09-10

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.