CWS ETF Profile

Family:	Advisor Shares
Name:	AdvisorShares Focused Equity ETF

Inception Date:	20-Sep-2016
Termination Date:
Investment Objective:	The AdvisorShares Focused Equity ETF (NYSE Arca: CWS) seeks long-term capital appreciation. CWS aims to achieve its investment objective by investing primarily in a focused group of U.S. exchange-listed equity securities that the portfolio manager believes have favorable fundamental attributes. The Advisor may use a variety of methods for security selection and will seek to focus on firms that are fundamentally sound and have shown consistency in their financial results and high earnings quality. The Advisor may look for stocks with a strong history of sales and earnings growth, or companies that have steadily increased their earnings and dividends for several years. In addition, the Advisor may invest the Fund s assets in lesser-known companies that the Advisor believes have a unique opportunity for growth. At times, the Advisor may buy certain out-of-favor stocks believed to be priced below their intrinsic value, as measured by the Advisor. Additionally, the Advisor aims to keep the portfolio turnover low.

Prospectus

Top 10 Holdings
AMPHENOL CORP-CL A	APH	4.7000%
CENCORA INC	COR	4.5200%
FISERV INC	FI	4.4700%
MILLER INDUSTRIES INC/TENN	MLR	4.4400%
HEICO CORP	HEI	4.4400%
STRYKER CORP	SYK	4.3400%
THERMO FISHER SCIENTIFIC INC	TMO	4.1500%
HERSHEY CO/THE	HSY	4.0200%
AFLAC INC	AFL	4.0100%
OTIS WORLDWIDE CORP	OTIS	3.9900%
	Top 10 Holdings Weight:	43.1%