VEGA vs. HEEM ETF Comparison

Comparison of AdvisorShares STAR Global Buy-Write ETF (VEGA) to iShares Currency Hedged MSCI Emerging Markets ETF (HEEM)

VEGA

AdvisorShares STAR Global Buy-Write ETF

VEGA Description

The investment seeks consistent repeatable returns across all market cycles. The fund is a "fund of funds" and intends to invest primarily in exchange-traded funds ("ETFs") and exchange-traded notes ("ETNs") that seek to track a diversified basket of global indices and investment sectors that meet certain selection criteria. It also may invest, subject to the same selection criteria, in exchange-traded pooled investment vehicles. The Sub-Advisor seeks to achieve the fund's investment objective by using a proprietary overwrite strategy known as Volatility Enhanced Global Appreciation ("VEGA").

Grade (RS Rating)

Last Trade

$43.12

Average Daily Volume

2,875

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

HEEM

iShares Currency Hedged MSCI Emerging Markets ETF

HEEM Description

The investment seeks to track the investment results of the MSCI Emerging Markets 100% Hedged to USD Index. The index composed of large- and mid-capitalization emerging market equities while mitigating exposure to fluctuations between the value of the component currencies and the U.S. dollar. The fund generally invests at least 80% of its assets in securities of the index and in depositary receipts representing securities of the index, including foreign currency forward contracts designed to hedge against non-U.S. currency fluctuations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$28.12

Average Daily Volume

17,906

Number of Holdings ^*

4

* may have additional holdings in another (foreign) market

Performance

Period	VEGA	HEEM
30 Days	-1.42%	-4.35%
60 Days	-0.46%	3.31%
90 Days	3.35%	6.64%
12 Months	20.72%	22.40%

1 Overlapping Holdings

	Symbol	Grade	Weight in VEGA	Weight in HEEM	Overlap
	EEM	C	2.57%	98.38%	2.57%

VEGA Overweight 7 Positions Relative to HEEM

	Symbol	Grade	Weight
	SPY	B	40.17%
	IUSB	C	22.69%
	EFA	D	12.2%
	MBB	D	5.5%
	IWP	A	5.4%
	DYNF	B	4.23%
	GOVT	C	3.44%

VEGA Underweight 3 Positions Relative to HEEM

	Symbol	Grade	Weight
	IDR	B	-0.0%
	HKD	D	-0.0%
	CNH	A	-0.0%

VEGA: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Index Fund Bond Bloomberg Barclays Us Aggregate Bond Index Bond Market Index Fannie Mae Federal Home Loan Mortgage Corporation Federal National Mortgage Association Freddie Mac Fundamentally Based Indexes Government National Mortgage Association High Yield Debt Investment Management MSCI EAFE Midcap Money Market Fund Mortgage Backed Security Mortgage Loan Msci Emerging Markets Index

HEEM: Top Represented Industries & Keywords

Industries: Farm & Construction Equipment Gold Software - Application

Keywords: Agricultural Equipment Construction Equipment Digital Media ETF Exchange Traded Fund Farm Machinery Forage Equipment Heavy Equipment Index Fund Loader Material Handling Equipment Mining Msci Emerging Markets Index