CWS vs. KIE ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to SPDR S&P Insurance ETF (KIE)

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

KIE

SPDR S&P Insurance ETF

KIE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies in the insurance industry. In seeking to track the performance of the S&P Insurance Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the insurance industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.01

Average Daily Volume

1,061,851

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWS	KIE
30 Days	2.85%	6.49%
60 Days	3.29%	7.62%
90 Days	5.36%	10.98%
12 Months	29.09%	38.27%

1 Overlapping Holdings

	Symbol	Grade	Weight in CWS	Weight in KIE	Overlap
	AFL	B	4.57%	1.88%	1.88%

CWS Overweight 24 Positions Relative to KIE

Symbol	Grade	Weight
FICO	B	6.68%
FI	A	5.35%
MLR	B	5.32%
HEI	B	5.2%
APH	A	4.89%
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 49 Positions Relative to KIE

Symbol	Grade	Weight
GSHD	A	-2.49%
UNM	A	-2.45%
BHF	B	-2.23%
LNC	B	-2.21%
KMPR	B	-2.2%
CNO	A	-2.2%
PRI	A	-2.17%
RLI	B	-2.15%
AGO	B	-2.13%
AIZ	A	-2.09%
WTM	A	-2.08%
THG	A	-2.07%
RYAN	B	-2.06%
CINF	A	-2.05%
AXS	A	-2.04%
MKL	A	-2.04%
SIGI	C	-2.03%
PRU	A	-2.02%
AON	A	-2.02%
WTW	B	-2.02%
MET	A	-2.02%
GNW	A	-2.02%
TRV	B	-2.01%
RGA	A	-2.0%
ORI	A	-1.99%
PFG	D	-1.98%
BRO	B	-1.98%
L	A	-1.97%
AFG	A	-1.97%
GL	B	-1.96%
ALL	A	-1.94%
AIG	B	-1.93%
WRB	A	-1.91%
KNSL	B	-1.9%
PGR	A	-1.88%
FNF	B	-1.88%
ESGR	B	-1.88%
HIG	B	-1.88%
AJG	B	-1.85%
CB	C	-1.85%
RNR	C	-1.85%
FAF	A	-1.82%
MMC	B	-1.8%
EG	C	-1.78%
PLMR	B	-1.75%
ACGL	D	-1.66%
ERIE	D	-1.45%
STC	B	-1.38%
OSCR	D	-1.33%