VEGA

AdvisorShares STAR Global Buy-Write ETF
*Unless otherwise stated, data provided by FactSet.

VEGA Fund Description

VEGA is an actively managed fund-of-funds that aims for consistent returns in part by writing call options on its underlying securities. Long puts are used to hedge downside risk.

VEGA Factset Analytics Insight

VEGA is a fund-of-funds that invests globally and uses a well-known options strategy applied across asset classes in its aim for consistent returns in up or down markets. ETPs are selected based on size, historical track record, diversification among indices, the correlation of an index to other indices and an ability to write covered call options. Individual securities are screened using fundamental, behavior, qualitative and macro-economic data. Covered-call strategies have been available to ETP investors for years, but VEGA, launched in September 2012, offers some new twists. First, it covers a broader range of assets including emerging market equities as well as T-bonds and metals. VEGA also buys out-of-the-money protective puts on some underlying assets. This strategy earns income from the option premiums while forgoing some upside and hedging some downside. Investors should note that covered calls don’t do well when the underlying roars up.

VEGA MSCI ESG Analytics Insight

AdvisorShares STAR Global Buy-Write ETF has an MSCI ESG Fund Rating of A based on a score of 6.22 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 STAR Global Buy-Write ETF ranks in the 53th percentile within its peer group and in the 72nd percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PERFORMANCE [as of 09/22/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
VEGA -0.97% 1.17% 7.92% 18.77% 7.74% 8.28% --
VEGA (NAV) 0.37% 1.37% 8.94% 18.94% 7.97% 8.30% --
No Underlying Index -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

VEGA Summary Data

AdvisorShares
09/17/12
Open-Ended Fund
2.02%
$19.11M
$72.04K
0.29%

VEGA Portfolio Data

Tactical Asset Allocation
0.26%
N/A
15

VEGA Index Data

No Underlying Index
Proprietary
Proprietary
N/A

VEGA Portfolio Management

2.02%
--
--
--

VEGA Tax Exposures

20.00% / 39.60%
--
Ordinary income
No

VEGA Fund Structure

Open-Ended Fund
Yes
No
-- / --
N/A
N/A
High
Daily

VEGA Factset Analytics Block Liquidity

As of 09/23/21
5
4
3
2
1

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

VEGA Tradability

1,792
$72.04K
1,073
$43.47K
0.29%
$0.12
-0.14%
0.55% / -0.94%
None
100.00%
25,000
0.04
0.05%
--
0
$40.13
N/A

VEGA Asset Allocation

Short
Long
Net
--
--

0.00%

--
--

0.00%

--
--

0.00%

--
--

0.00%

VEGA Top 5 Holdings Long

6.19%

VEGA Top 5 Holdings Short

-0.10%
-0.05%

VEGA Performance Statistics

18.94%
7.94%
-2.38%
0.11
0.15
-0.46
1.15

VEGA Correlations (Daily Returns 12 Mo)

0.94
0.18
0.31

VEGA MSCI ESG Ratings

6.22 / 10
71.79
52.78
5.47%
3.92%
135.59