CWS vs. FFLS ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to The Future Fund Long/Short ETF (FFLS)

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

$62.19

Average Daily Volume

10,705

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FFLS

The Future Fund Long/Short ETF

FFLS Description

Under normal conditions, the fund, which is an actively managed exchange traded fund or "ETF", will invest at least 80% of its assets in long and short positions in U.S. exchange-listed equity securities and American Depositary Receipts (ADRs). The fund may invest in the equity securities of companies of any market capitalization although the fund will primarily invest (at least 65% of its assets) in mid and large capitalization companies (companies with market capitalizations in excess of $2 billion). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.32

Average Daily Volume

28,127

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWS	FFLS
30 Days	0.33%	1.33%
60 Days	1.19%	3.32%
90 Days	-0.43%	3.45%
12 Months	15.93%	17.60%

1 Overlapping Holdings

	Symbol	Grade	Weight in CWS	Weight in FFLS	Overlap
	FICO	A	4.78%	3.98%	3.98%

CWS Overweight 22 Positions Relative to FFLS

Symbol	Grade	Weight
APH	B	5.12%
MLR	D	4.9%
HEI	A	4.79%
SYK	C	4.3%
ROL	A	4.27%
AFL	B	4.17%
ICE	A	4.07%
MCO	A	4.06%
OTIS	B	4.04%
INTU	B	3.95%
TMO	D	3.91%
HSY	F	3.78%
AWK	C	3.73%
BR	B	3.71%
ABT	D	3.62%
SLGN	D	3.53%
SAIC	F	3.53%
AGM	B	3.5%
FDS	D	3.33%
CE	F	3.31%
MGRC	F	3.3%
PII	F	3.09%

CWS Underweight 9 Positions Relative to FFLS

Symbol	Grade	Weight
GOOGL	A	-9.02%
LLY	B	-5.52%
NVDA	B	-4.83%
CMG	C	-4.75%
URI	C	-4.61%
GTLS	D	-4.37%
HALO	B	-4.17%
PWR	D	-3.67%
ASML	A	-3.46%