TBFC vs. VEGA ETF Comparison

Comparison of The Brinsmere Fund Conservative ETF (TBFC) to AdvisorShares STAR Global Buy-Write ETF (VEGA)

TBFC

The Brinsmere Fund Conservative ETF

TBFC Description

TBFC is designed to deliver multi-asset exposure while seeking long-term capital appreciation with capital preservation. It holds funds that represent the broad equity and bond markets as selected based on a set of risk-management techniques of two independent proprietary strategies. The Systematic Market Beta Strategy (SMB) and the Classic Asset Allocation Revisited Strategy (CAAR) are rules-based, tactical asset allocation investment strategies used to systematically rebalance the funds holdings. The former aims to reduce risk and enhance performance based on market risk assessments, while the latter seeks tactical adaptation to changing market conditions using mean-variance optimization. The fund employs a conservative model of CAAR with a 20% equity floor target and a 40% equity cap. Both strategies are re-evaluated and rebalanced monthly. TBGC launched alongside its sister fund, TBFG, which seeks a growth-focused portfolio.

Grade (RS Rating)

Last Trade

$26.94

Average Daily Volume

1,056

Number of Holdings ^*

9

* may have additional holdings in another (foreign) market

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

$44.11

Average Daily Volume

2,997

Number of Holdings ^*

5

* may have additional holdings in another (foreign) market

Performance

Period	TBFC	VEGA
30 Days	0.13%	0.83%
60 Days	-0.13%	0.93%
90 Days	2.26%	1.71%
12 Months		18.93%

1 Overlapping Holdings

	Symbol	Grade	Weight in TBFC	Weight in VEGA	Overlap
	IWP	A	2.23%	5.93%	2.23%

TBFC Overweight 8 Positions Relative to VEGA

	Symbol	Grade	Weight
	RSP	A	10.34%
	VCIT	D	5.6%
	SHV	A	4.38%
	EMXC	D	3.02%
	MGK	B	1.54%
	XLRE	C	1.43%
	BCI	C	1.24%
	PDBC	D	0.25%

TBFC Underweight 4 Positions Relative to VEGA

	Symbol	Grade	Weight
	IUSB	C	-21.9%
	MBB	C	-5.3%
	DYNF	A	-4.45%
	GOVT	D	-3.31%

TBFC: Top Represented Industries & Keywords

Industries:

Keywords: ETF Exchange Traded Fund Stock Market Index Bloomberg Barclays Us Aggregate Bond Index Bond Capitalization Weighted Index Commodity Markets Bear Market ETF Bloomberg Commodity Index Bond Fund Bond Market Bond Market Indices Commodity Commodity Price Index Commodity Price Indices Commodity Trading Advisor Corporate Bond Economic Geography Emerging Market Exchange Traded Funds

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 Midcap Money Market Fund Mortgage Backed Security Mortgage Loan Residential Mortgage Backed Security Russell Midcap Growth Total Return Index Russell Midcap Index