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 14 June 2019
Asset Under Management 14.33 Million (USD)
1 Month Total Return 0.09 %
Year To Date Return 10.62 %
1 Year Total Return 0.67 %
3 Year Annualized Total Return 6.76 %
NAV 31.85
Share Outstanding 450,000
Top 10 Holdings (13 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
SPDR S&P 500 ETF TRUST SPY ETF 0.4584227116
BLACKROCK LIQUIDITY T 60 MMKT 0.0988587992
ISHARES MSCI EAFE ETF EFA ETF 0.0840485708
ISHARES SHORT-TERM CORPORATE IGSB ETF 0.0565772640
TECHNOLOGY SELECT SECT SPDR XLK ETF 0.0375769407
INVESCO SENIOR LOAN ETF BKLN ETF 0.0374608668
FIRST TRUST LOW DURATION OPP LMBS ETF 0.0371126192
CONSUMER STAPLES SELECT SECTOR SPDR FUND XLP ETF 0.0370362541
ISHARES INT RATE HEDG HY ETF HYGH ETF 0.0368768058
CONSUMER DISCRETIONARY SELT XLY ETF 0.0365272816