FLRT ETF Report: Ratings, Analysis, Quotes, Holdings

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*Unless otherwise stated, data provided by FactSet.

FLRT Fund Description

The AdvisorShares Pacific Asset Enhanced Floating Rate ETF is an actively managed fund targeting income-producing floating-rate loans from non investment-grade issuers

FLRT Factset Analytics Insight

FLRT enters a crowded space and competes with a number of already-established funds like SRLN and FTSL. The fund’s stated goal is to provide high current income from its portfolio of floating-rate bank loans and other floating-rate debt securities. The managers of the fund—Pacific Asset Management (not to be confused with PIMCO)—use a proprietary investment process to protect against the potential downside of investing in the low end of the credit spectrum.The process starts with a top-down macro assessment to decide on the appropriate level of risk, according to market conditions. The investment team then performs a bottoms-up credit analysis to select individual securities within the defined investment universe. The focus is on the largest/most liquid issues in the space and those that offer the best relative value. Ultimately the viability of the fund will depend on the success or failure of its active strategy and how its results compare with less expensive passive alternatives.

FLRT CHARTS AND PERFORMANCE

Price Chart ($)

Total Return Chart (%)

1 Month
3 Months
YTD
1 Year
3 Years
5 Years
Max

1 Month
3 Months
YTD
1 Year
3 Years
5 Years
Max

COMPARE

RESET

Select ETFs to compare their performance:

PERFORMANCE [as of 09/24/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

FLRT -0.75% 0.18% 0.91% 1.60% 2.59% -- --

FLRT (NAV) 0.62% 1.58% 3.17% 3.80% 3.75% -- --

No Underlying Index -- -- -- -- -- -- --

N/A -- -- -- -- -- -- --

All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FLRT Top 10 Countries

FLRT Top 10 Sectors

FLRT Top 10 Holdings [View All]

FLRT Summary Data

AdvisorShares

02/19/15

Open-Ended Fund

1.12%

$29.66M

$21.40K

0.34%

Fund Home Page

FLRT Portfolio Data

3.61 years

07/26/18

FLRT Index Data

No Underlying Index

Proprietary

N/A

FLRT Portfolio Management

1.12%

Max. Downside Tracking Difference (12 Mo) --

FLRT Tax Exposures

20.00% / 39.60%

Ordinary income

FLRT Fund Structure

Open-Ended Fund

Yes

No Policy

N/A

High

Daily

Bats Book Viewer

TOP OF BOOK

LAST 10 TRADES

Bats BZX Real-time Quote -

Daily Spread

Premium/Discount

Volume

FLRT Factset Analytics Block Liquidity

As of 09/25/18

This measurement shows how easy it is to trade a $1 million USD block of FLRT. FLRT is rated a 2 out of 5.

FLRT Tradability

355

$21.40K

125

$12.35K

0.34%

$0.17

0.07%

1.49% / -1.43%

None

100.00%

50,000

0.00

0.02%

$49.45

FLRT Sector/Industry Breakdown

FLRT

Segment Benchmark

MBS Passthrough

62.46%

Cash

28.14%

Industrial

7.70%

Utility

0.85%

Financial Institutions

0.85%

FLRT Top 10 Holdings[View All]

DERIVATIVE SECURITIES (OTHER) 13.53%

JPMorgan Trust II US Government Money Market Fund Institutional 10.94%

Chesapeake Energy Corp 23-Aug-2016 Term Loan 23-Aug-2021 1.77%

Hca Inc 09-Mar-2018 Term Loan 13-Mar-2025 1.71%

Caesars Resort Collection Llc 29-Sep-2017 Term Loan 22-Dec-2024 1.70%

Proampac Sec Tl 01-Nov-2016 Senior Sec. 1st Lien Term Loan 1.67%

Vistra Operations Co Llc 14-Dec-2016 Term Loan 14-Dec-2023 1.67%

Uber Technologies Inc 08-Jun-2018 Term Loan 13-Jul-2023 1.67%

Neon Finance Co Llc 19-Dec-2017 Term Loan 09-Jun-2023 1.67%

Quikrete Cos Llc 06-Dec-2016 Term Loan 15-Nov-2023 1.67%

Total Top 10 Weighting 38%

FLRT Top 5 Countries

FLRT

Segment Benchmark

Unassigned

62.46%

United States

35.37%

Netherlands

0.89%

Japan

0.86%

Brazil

0.42%

FLRT Top 5 Currencies

FLRT

Segment Benchmark

USD

100.00%

FLRT Economic Development

FLRT

Segment Benchmark

Developed Countries

37.12%

Emerging Countries

0.42%

FLRT Performance Statistics

FLRT HOLDINGS STATISTICS

FLRT

Segment Benchmark

Weighted Avg. Maturity

3.61 years

Effective Duration

Key Rate Duration (2 year)

Key Rate Duration (10 year)

Credit Spread Duration

Concentration

Number of Holdings

Weighted Avg. Credit

N/A

FLRT MATURITY DISTRIBUTION

FLRT

Segment Benchmark

0 - 1 Year

1 - 3 Years

3 - 5 Years

5 - 7 Years

7 - 10 Years

10+ Years

FLRT CREDIT BREAKDOWN

FLRT

Segment Benchmark

AAA

BBB

CCC

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