CWS vs. IZRL ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to ARK Israel Innovative Technology ETF (IZRL)

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

$70.77

Average Daily Volume

13,976

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IZRL

ARK Israel Innovative Technology ETF

IZRL Description

The ARK Israel Innovative Technology ETF (IZRL) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the ARK Israeli Innovation Index, which is designed to track the price movements of exchange-listed Israeli companies whose main business operations are causing disruptive innovation in the areas of genomics, health care, biotechnology, industrials, manufacturing, the Internet or information technology. The Index includes equity securities and depositary receipts of exchange listed companies that are incorporated and/or domiciled in Israel (‘‘Israeli Companies’’) and are included in one of the following economic sectors as defined by FactSet Research Systems: (i) health technology, (ii) communications, (iii) technology services, (iv) electronic technology, (v) consumer services, or (vi) producer manufacturing.

Grade (RS Rating)

Last Trade

$21.50

Average Daily Volume

14,919

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWS	IZRL
30 Days	2.85%	10.20%
60 Days	3.29%	11.93%
90 Days	5.36%	7.91%
12 Months	29.09%	20.99%

0 Overlapping Holdings

	Symbol	Grade	Weight in CWS	Weight in IZRL	Overlap

CWS Overweight 25 Positions Relative to IZRL

Symbol	Grade	Weight
FICO	B	6.68%
FI	A	5.35%
MLR	B	5.32%
HEI	B	5.2%
APH	A	4.89%
AFL	B	4.57%
SYK	C	4.3%
MCO	B	4.15%
ICE	C	4.12%
COR	B	4.02%
SLGN	A	3.96%
ROL	B	3.86%
INTU	C	3.78%
BR	A	3.77%
OTIS	C	3.73%
AGM	C	3.63%
FDS	B	3.54%
ABT	B	3.54%
AWK	D	3.39%
SAIC	F	3.38%
MGRC	B	3.38%
TMO	F	3.36%
HSY	F	3.28%
PII	D	2.38%
CE	F	1.6%

CWS Underweight 25 Positions Relative to IZRL

Symbol	Grade	Weight
SMWB	B	-2.78%
FVRR	B	-2.72%
SSYS	C	-2.54%
PLTK	B	-2.33%
INMD	C	-2.19%
CYBR	B	-2.16%
MGIC	F	-2.13%
WIX	B	-2.12%
CGNT	B	-2.1%
FROG	C	-2.07%
RDWR	B	-2.07%
ITRN	B	-2.04%
NICE	C	-2.02%
WKME	C	-2.02%
CLBT	B	-2.0%
RSKD	D	-1.97%
NNOX	C	-1.96%
BWAY	B	-1.9%
TEVA	D	-1.9%
MNDY	C	-1.87%
MDWD	D	-1.8%
AUDC	D	-1.78%
URGN	F	-1.78%
CHKP	D	-1.75%
SPNS	F	-1.54%