CWS vs. IPO ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to Renaissance IPO ETF (IPO)

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

$59.74

Average Daily Volume

15,794

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IPO

Renaissance IPO ETF

IPO Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Renaissance IPO Index (the "index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index, the Renaissance IPO Index. The remaining 20% may be used to purchase securities not in the index that are an appropriate substitute for certain securities in the index in order to track the index. The index is comprised of common stocks, American Depositary Receipts ("ADRs"), real estate investment trusts ("REITS") and master limited partnerships ("MLPs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.11

Average Daily Volume

65,680

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWS	IPO
30 Days	-3.99%	-7.33%
60 Days	-1.88%	-3.72%
90 Days	0.98%	8.05%
12 Months	17.00%	29.36%

0 Overlapping Holdings

	Symbol	Grade	Weight in CWS	Weight in IPO	Overlap

CWS Overweight 23 Positions Relative to IPO

Symbol	Grade	Weight
MLR	A	4.63%
SYK	C	4.43%
APH	A	4.41%
HEI	A	4.23%
OTIS	B	4.19%
TMO	C	4.1%
SLGN	A	4.03%
ICE	C	4.01%
CE	B	3.92%
ABT	D	3.9%
AFL	C	3.89%
HSY	F	3.89%
ROL	C	3.88%
FICO	C	3.85%
INTU	C	3.84%
SAIC	C	3.79%
BR	C	3.77%
MCO	C	3.75%
PII	F	3.7%
MGRC	C	3.69%
AGM	C	3.64%
FDS	D	3.52%
AWK	F	3.47%

CWS Underweight 44 Positions Relative to IPO

Symbol	Grade	Weight
KVUE	D	-10.1%
COIN	B	-9.77%
NU	B	-9.55%
APP	A	-5.41%
ARM	F	-4.54%
HOOD	A	-4.1%
CNM	A	-3.51%
PATH	F	-2.88%
RIVN	F	-2.45%
ONON	B	-2.39%
DUOL	B	-2.26%
BZ	A	-2.26%
CRBG	A	-2.19%
PCOR	C	-2.12%
CFLT	F	-2.0%
S	D	-1.88%
YMM	A	-1.86%
GTLB	F	-1.86%
RYAN	C	-1.75%
MNDY	D	-1.74%
DV	F	-1.65%
EDR	A	-1.47%
GFS	F	-1.37%
GLBE	D	-1.14%
TPG	C	-1.13%
DOCS	F	-1.03%
FRSH	D	-1.02%
MQ	D	-0.96%
HCP	F	-0.9%
BRZE	F	-0.79%
DOCN	F	-0.77%
SQSP	A	-0.74%
NUVL	D	-0.62%
INFA	A	-0.58%
YOU	D	-0.57%
BROS	B	-0.55%
AGL	F	-0.55%
DLO	F	-0.53%
PWSC	F	-0.42%
PYCR	F	-0.41%
FLNC	F	-0.34%
ACT	A	-0.31%
BLCO	F	-0.19%
INST	F	-0.14%