HDGE

AdvisorShares Ranger Equity Bear ETF
*Unless otherwise stated, data provided by FactSet.

HDGE Fund Description

HDGE is actively-managed fund that attempts to achieve positive returns by shorting US-listed companies believed to have low earnings quality or use aggressive accounting policies.

HDGE Factset Analytics Insight

HDGE uses a combination of quantitative and fundamental factors to build a portfolio of short interests in large- and midcap US-listed securities. This actively-managed fund uses a bottom-up approach as it aims to pick firms with low earnings quality or aggressive accounting practices, and thereby profit when the market prices adjust to the reality of these distortions. However, it should be noted that a long bull market is a tough climate for short-only strategy, and returns may show it. The fund’s strategy also involves frequent buying and selling of securities, which may result to a high portfolio turnover and consequently, may create a drag on returns. Overall, HDGE still enjoys a solid asset base and can be used as an alternative for 'vanilla' inverse equity funds.

HDGE MSCI ESG Analytics Insight

AdvisorShares Ranger Equity Bear ETF has an MSCI ESG Fund Rating of A based on a score of 5.73 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. AdvisorShares Ranger Equity Bear ETF ranks in the 42nd percentile within its peer group and in the 35th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PERFORMANCE [as of 06/16/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
HDGE -- -- -22.15% -50.23% -32.60% -25.92% -20.61%
HDGE (NAV) -4.11% -4.48% -21.94% -48.78% -32.48% -25.91% -20.59%
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

HDGE Summary Data

AdvisorShares
01/26/11
Open-Ended Fund
3.36%
$51.42M
0.11%

HDGE Portfolio Data

0.38%
N/A

HDGE Index Data

No Underlying Index
Proprietary
Proprietary
N/A

HDGE Fund Structure

Yes
No
-- / --
N/A
N/A
Medium
Variable
None

HDGE Tax Exposures

20.00% / 39.60%
--
No

HDGE Factset Analytics Block Liquidity

As of 06/17/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of HDGE. HDGE is rated a N/A out of 5.

HDGE Tradability

27,980
$660.09K
28,323
$663.20K
0.11%
$0.03
0.00%
902.71% / -0.59%
None
100.00%
25,000
1.13
0.23%
--
8,458
$23.70
N/A

HDGE MSCI ESG Ratings

5.73 / 10
35.29
42.32
1.07%
0.23%
88.84