VEGA

Fund Description
The AdvisorShares STAR Global Buy-Write ETF (VEGA) seeks consistent repeatable returns across all market cycles. VEGA is subadvised by Partnervest Advisory Services, LLC (Portfolio Manager). The portfolio manager seeks to achieve the investment objective by using a proprietary strategy known as Volatility Enhanced Global Appreciation ( VEGA ). VEGA employs a Buy-Write or Covered Call overlay for their global allocation strategy using Exchange Traded Products (ETPs). The strategy simultaneously writes (sells) a call option against each position in order to seek cumulative price appreciation from the portfolio s global exposure, while generating a consistent income stream from the sale of covered call and/or cash-secured put options. When volatility is low the portfolio manager buys protective put options to manage downside risk.
Fund Profile
Fund Name AdvisorShares STAR Global Buy-Write ETF
Fund Exchange Ticker VEGA
Fund Sponsor Advisor Shares
Fund ISIN US00768Y7682
Net Expense Ratio 1.85 %
Fund Inception Date 17 September 2012
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Global or ExUS Equities - Quant Strat
Asset Class Equities (Stocks)
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Market Capitalization Range Large Cap
Growth Value Core / Blend
Continent Not Applicable
Key Statistics
Return As of Date 21 March 2019
Asset Under Management 15.10 Million (USD)
1 Month Total Return 1.80 %
Year To Date Return 10.40 %
1 Year Total Return 2.93 %
3 Year Annualized Total Return 7.27 %
NAV 31.78
Share Outstanding 475,000
Top 10 Holdings (21 March 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
SPDR S&P 500 ETF TRUST SPY ETF 0.4327
BLACKROCK LIQUIDITY T 60 MMKT 0.1305
ISHARES MSCI EAFE ETF EFA ETF 0.0843
ISHARES SHORT-TERM CORPORATE IGSB ETF 0.0563
ISHARES INT RATE HEDG HY ETF HYGH ETF 0.0376
INVESCO SENIOR LOAN ETF BKLN ETF 0.0374
TECHNOLOGY SELECT SECT SPDR XLK ETF 0.0369
FIRST TRUST LOW DURATION OPP LMBS ETF 0.0369
CONSUMER DISCRETIONARY SELT XLY ETF 0.0353
CONSUMER STAPLES SELECT SECTOR SPDR FUND XLP ETF 0.0347