AADR ETF Profile

Family:	Advisor Shares
Name:	AdvisorShares Dorsey Wright ADR ETF

Inception Date:	20-Jul-2010
Termination Date:
Investment Objective:	The AdvisorShares Dorsey Wright ADR ETF (NYSE Arca: AADR) seeks long-term capital appreciation above international benchmarks such as the MSCI EAFE Index and the BNY Mellon Classic ADR Index. AADR is managed by Dorsey, Wright & Associates, LLC ( Portfolio Manager ). AADR s investment focus follows the Portfolio Manager s core philosophy of relative strength. Relative strength investing involves buying securities that have appreciated in price more than the other securities in the investment universe and holding those securities until they experience sufficient underperformance. The strategy is entirely based on market movement of the securities and there is no company fundamental data involved in the analysis. The Portfolio Manager s process is systematic and removes emotion from the day-to-day decision making. In implementing AADR s strategy, the Portfolio Manager takes into account current sector and industry group allocations in order to keep the strategy diversified. There is no consideration given to the allocation between developed and emerging markets; the strategy will allocate between the two depending on global price trends.

Prospectus

Top 10 Holdings
NOVO-NORDISK A/S-SPONS ADR	NVO	6.6400%
YPF S.A.-SPONSORED ADR	YPF	4.5200%
NEW ORIENTAL EDUCATIO-SP ADR	EDU	3.6400%
ABB LTD-SPON ADR	ABBNY	3.5400%
MITSUBISHI UFJ FINL-SPON ADR	MUFG	3.4400%
BANCO BILBAO VIZCAYA-SP ADR	BBVA	3.4400%
BAE SYSTEMS PLC -SPON ADR	BAESY	3.3000%
UBS GROUP AG-REG	UBS	3.2600%
GRUPO FINANCIERO GALICIA-ADR	GGAL	3.1100%
BANCO MACRO SA-ADR	BMA	3.1000%
	Top 10 Holdings Weight:	38.0%

Number of Holdings:	39
Shares Outstanding:	425,000
Total Net Assets:	25,614,070
NAV:	60.32
Net Expense Ratio:	1.10%

Asset Class:	Equities (Stocks)
Developed or Emerging:	Funds Combining Developed & Emerging Exposure
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Market Cap:	Large Cap
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Is Currency Hedged:	No
US or Ex-US:	International