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Key Stock Data
The current last sale of $31.412 is 13.60% Higher than the 52 week low.
|Intraday||Last 52 Weeks|
|High:||$ 31.412||$ 32.34|
|Low:||$ 31.29||$ 27.652|
The AdvisorShares STAR Global Buy-Write ETF seeks consistent repeatable returns across all market cycles. VEGA is sub-advised 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 is primarily a fund of funds and employs a Buy-Write or Covered Call overlay for its global allocation strategy using Exchange Traded Products (ETPs). According to the internal benchmark policy, the Portfolio Manager will use both ETFs and individual equities to implement its tactical allocation strategy in which the volatility of each of the underlying positions determines the amount of option hedging. During periods of high volatility, the Portfolio Manager will write (or sell) a call option against some of its positions in order to hedge downside risk, while generating an income stream from the sale of options. At any given time, approximately 60% to 85% of VEGA?s positions will have covered options. Additionally when volatility is low, the portfolio manager buys protective put options to manage downside risk. *The Advisor has contractually agreed to keep net expenses from exceeding 1.85% of the Fund%u2019s average daily net assets for at least one year from the date of the prospectus and for successive one-year periods thereafter unless the agreement is terminated.
|Underlying Index||Benchmark for VEGA Fund|