CWS vs. IAI ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to iShares U.S. Broker-Dealers ETF (IAI)

CWS

AdvisorShares Focused Equity ETF

CWS Description

The AdvisorShares Focused Equity ETF seeks long-term capital appreciation. CWS aims to achieve its investment objective by investing primarily in a focused group of U.S. exchange-listed equity securities that the portfolio manager believes have favorable fundamental attributes.

Grade (RS Rating)

Last Trade

$61.15

Average Daily Volume

13,957

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IAI

iShares U.S. Broker-Dealers ETF

IAI Description

The investment seeks to track the investment results of an index composed of U.S. equities in the investment services sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the index. It seeks to track the investment results of the Dow Jones U.S. Select Investment Services Index (the "underlying index"), which measures the performance of the investment services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$113.01

Average Daily Volume

159,349

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWS	IAI
30 Days	-3.30%	-1.69%
60 Days	-0.51%	3.11%
90 Days	2.80%	6.95%
12 Months	21.47%	26.07%

3 Overlapping Holdings

Symbol	Grade	Weight in CWS	Weight in IAI	Overlap
FDS	D	3.44%	2.73%	2.73%
ICE	C	4.0%	4.26%	4.0%
MCO	D	3.78%	4.36%	3.78%

CWS Overweight 20 Positions Relative to IAI

Symbol	Grade	Weight
MLR	B	4.55%
APH	A	4.42%
HEI	A	4.41%
SYK	C	4.31%
OTIS	D	4.18%
TMO	B	4.16%
AFL	B	4.0%
SLGN	B	3.97%
SAIC	C	3.94%
HSY	F	3.93%
FICO	D	3.92%
INTU	C	3.9%
CE	C	3.87%
AGM	B	3.82%
ABT	C	3.8%
ROL	B	3.77%
BR	D	3.72%
AWK	C	3.53%
PII	F	3.52%
MGRC	C	3.47%

CWS Underweight 29 Positions Relative to IAI

Symbol	Grade	Weight
SPGI	C	-13.62%
GS	A	-13.54%
MS	A	-11.67%
SCHW	A	-7.52%
CME	D	-4.39%
MSCI	F	-4.21%
COIN	B	-4.01%
RJF	B	-3.83%
NDAQ	B	-3.78%
LPLA	B	-3.24%
IBKR	A	-1.98%
TW	C	-1.94%
HOOD	B	-1.43%
MKTX	F	-1.29%
MORN	D	-1.29%
SF	A	-1.28%
JEF	B	-1.2%
HLI	C	-1.08%
EVR	D	-1.07%
LAZ	C	-0.72%
PIPR	B	-0.49%
VIRT	A	-0.34%
SNEX	B	-0.32%
DFIN	A	-0.28%
MC	D	-0.24%
BGC	B	-0.21%
PJT	C	-0.14%
LPRO	F	-0.1%
RILY	B	-0.08%