AdvisorShares New Tech and Media ETF

C000190048 Fund Overview

AdvisorShares New Tech and Media ETF is a US ETF managed by AdvisorShares Trust, categorised as Developed ex-US Growth Communication Services Equity. 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: Developed ex-US Growth Communication Services Equity
• Assets under management: $10.13M
• SEC CIK: 0001408970
• SEC series ID: S000058058
• Share class ID: C000190048

C000190048 Investment Objective and Strategy

AdvisorShares New Tech and Media ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by AdvisorShares Trust.

Investment objective

The AdvisorShares New Tech and Media ETF (the Fund) seeks long-term capital appreciation.

Principal investment strategy

The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of technology and media companies. The Fund will invest primarily in U.S. exchange-listed equity securities, including common and preferred stock and American Depositary Receipts (ADRs), of technology and technology-related companies, including innovative and fast-growing technologies such as social media companies (for example, Facebook, Snapchat, and Twitter) and internet retail companies. The Fund will concentrate its investments in the software and services industry within the information technology sector. ADRs are securities traded on a local stock exchange that represent interests in securities issued by a foreign publicly listed company.

Sabretooth Advisors, LLC (the Sub-Advisor) uses a quantitative stock selection process to make allocation decisions in the Fund's portfolio, with a technical analysis overlay for timing decisions involving the purchase or sale of securities. The Sub-Advisor's investment philosophy is based on the view that certain e-commerce, communication, and other social media related stocks may outperform the overall market and should continue to see strong growth into the future. The Sub-Advisor selects stocks based on multiple factors including the following metrics: (i) Rising Market Cap -- the Sub-Advisor seeks stocks showing consistent growth in market capitalization; (ii) Forward Guidance -- company-issued guidance and third party investment research are used to gauge underlying stock expectations; (iii) Momentum -- shorter term trading volume and price growth are viewed favorably in determining allocation percentages as well as additions to and deletions from the portfolio; and (iv) Technical Levels -- after all other factors are considered, the Sub-Advisor uses a number of technical analysis measurements on each security to help determine the technical direction of the security and to aid in timing decisions for additions to and deletions from the portfolio.

Some technical analysis measures include 50-day or 150-day moving average, new 52-week highs or lows, and various types of technical analysis charting techniques. The Fund may sell stocks that no longer meet the investment criteria. The Fund's strategy may involve frequent buying and selling of securities, which may lead to relatively high portfolio turnover. The Fund is non-diversified and may invest a greater percentage of its assets in a particular issuer than a diversified fund.

C000190048 Costs and Fees

C000190048 costs about $86 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.86%
• Gross expense ratio: 1.01%
• Portfolio turnover: 799%
• Brokerage commissions: 84.26 bps of average net assets (SEC N-CEN)

C000190048 Cashflows

Over the 12 months to 2019-09, AdvisorShares New Tech and Media ETF had net inflows of $1.88M, from monthly SEC N-PORT filings.

C000190048 Debt Constituents

No individual debt constituents are reported in AdvisorShares New Tech and Media ETF's latest SEC N-PORT filing.

C000190048 Prospectus and SEC Filings

Official AdvisorShares New Tech and Media ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2018-11-14
• Prospectus (485BPOS) — filed 2017-07-18
• 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

Related funds tracked on ABC INVEST:

• AdvisorShares Pure US Cannabis ETF (MSOS)
• AdvisorShares Focused Equity ETF (CWS)
• AdvisorShares Dorsey Wright FSM US Core ETF (DWUS)
• AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW)
• AdvisorShares STAR Global Buy-Write ETF (VEGA)

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.