CWS vs. TOLL ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to Tema Monopolies and Oligopolies ETF (TOLL)

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

$69.32

Average Daily Volume

12,528

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TOLL

Tema Monopolies and Oligopolies ETF

TOLL Description

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in domestic and foreign, common and preferred stocks of publicly listed companies where the Herfindahl"Hirschman (HHI) index of the market of operation representing more than 50% of the company"s revenue is above 2,500. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.47

Average Daily Volume

1,663

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWS	TOLL
30 Days	-1.32%	-3.28%
60 Days	1.53%	-3.40%
90 Days	3.77%	-2.07%
12 Months	27.92%	21.93%

5 Overlapping Holdings

Symbol	Grade	Weight in CWS	Weight in TOLL	Overlap
FICO	B	6.68%	5.6%	5.6%
ICE	C	4.12%	5.5%	4.12%
INTU	B	3.78%	3.61%	3.61%
MCO	D	4.15%	5.89%	4.15%
TMO	F	3.36%	2.22%	2.22%

CWS Overweight 20 Positions Relative to TOLL

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

CWS Underweight 23 Positions Relative to TOLL

Symbol	Grade	Weight
GE	D	-6.07%
V	A	-5.4%
SPGI	D	-4.6%
SHW	C	-4.25%
MSCI	B	-3.4%
CPRT	B	-3.29%
VMC	B	-3.28%
EFX	F	-2.79%
CME	A	-2.78%
AON	B	-2.75%
TER	F	-2.7%
TYL	B	-2.69%
KLAC	F	-2.58%
WAT	C	-2.38%
LOW	C	-2.1%
LRCX	F	-2.09%
CNI	F	-1.91%
TECH	F	-1.9%
ADI	D	-1.89%
DE	C	-1.5%
IDXX	F	-1.5%
GILD	C	-1.09%
BDX	F	-1.0%