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(YPRO) YieldPro ETF

Overview

How YPRO Works

The AdvisorShares YieldPro ETF (NASDAQ: YPRO) seeks to provide current income and capital appreciation. YPRO is managed by The Elements Financial Group, LLC (“Portfolio Manager”). YPRO is a “fund of funds” that seeks to achieve its investment objective by allocating the majority of the portfolio to long and short investments across all segments of the fixed income market. YPRO may also invest directly in U.S.-traded fixed income and equity securities, certain derivatives, such as options, futures, and structured notes, and other exchange-traded products (ETPs).

Fund Documents

Portfolio Manager Commentaries

YPRO in the News

The following reprints should not be construed as an offer to sell or a solicitation of an offer to buy shares of any other funds. They are provided for informational purposes for AdvisorShares only.
08/27/2014 -

AdvisorShares Press Release, AdvisorShares Announces August 2014 Distributions

06/26/2014 -

AdvisorShares Press Release, AdvisorShares Announces June 2014 Distributions

05/29/2014 -

AdvisorShares Press Release, AdvisorShares Announces May 2014 Distributions

04/29/2014 -

AdvisorShares Press Release, AdvisorShares Announces April 2014 Distributions

04/28/2014 - Bogart, Spencer. "ETF Market Intel: 10 Best Launches Of 2014." http://www.etf.com/sections/news/21932-etf-market-intel-10-best-launches-of-2014.html

Performance -Month-End

YPRO Performance History (%) as of 07/31/2014
 NAVMarket Price ReturnBarclays Capital Aggregate Bond Index
1 Month-0.52-0.99-0.25
3 Months0.09-0.270.94
Since Inception
(03/04/2014)
1.421.061.77

Performance -Quarter-End

YPRO Performance History (%) as of 06/30/2014
 NAVMarket Price ReturnBarclays Capital Aggregate Bond Index
1 Month 0.24 0.280.05
3 Months 1.791.782.04
Since Inception
(03/04/2014)
1.952.072.02

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized.

The Barclays Capital Aggregate Bond Index measures the performance of the U.S. investment grade bond market. One cannot invest directly in an index. One cannot invest directly in an index.

Fund Distributions

Ex-DateRecord DatePay DateCash DivST Cap GainLT Cap GainReturn of CapitalTotal Distribution
09-24-14
09-26-14
09-30-14
-----
08-25-14
08-27-14
08-29-14
$0.079$0.00$0.00$0.00$0.079/per share
07-25-14
07-29-14
07-31-14
$0.099$0.00$0.00$0.00$0.099/per share
06-24-14
06-26-14
06-30-14
$0.060$0.00$0.00$0.00$0.060/per share
05-23-14
05-28-14
05-30-14
$0.053$0.00$0.00$0.00$0.053/per share
04-24-14
04-28-14
04-30-14
$0.083$0.00$0.00$0.00$0.083/per share
03-25-14
03-27-14
03-31-14
$0.011$0.00$0.00$0.00$0.011/per share
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Why Invest in YPRO?

  • For a Core, “Go Anywhere” Fixed Income Strategy - YPRO invests in all sectors of the fixed income market. Its flexibility provides the opportunity to offer mitigation of risk when interest rates rise and also to be opportunistic when conditions for the fixed income market are more favorable.
  • Seek to Maximize Yield - The portfolio manager seeks to build an optimized actively managed portfolio that maximizes yield across all of its investments with a targeted level of volatility.
  • For a Flexible Fixed Income Vehicle - YPRO has the flexibility to look more like a market neutral fund during periods of adverse bond market volatility.
  • For Reduced Correlation - YPRO can be used to reduce correlation versus other holdings within an investors’ fixed income portfolio.

5 Key Attributes

  1. The Hunt for Yield - The Portfolio Manager quantitatively screens the ETP universe using factors such as yield, volatility profile, volume and relative strength, in order to seek diversification across multiple fixed income segments, while also seeking to maximize yield while targeting a lower level of risk.
  2. Methodical Risk Management - The portfolio manager manages YPRO’s volatility through a quantitative risk analysis that assigns a risk budget to each invested segment and actively monitors the portfolio for any changes in the volatility profiles in the portfolio.
  3. Bottom Up Investment Process - The portfolio manager starts with a bottom up, quantitative approach to selecting securities for YPRO, and then considers how prevailing top down factors could influence the fundamental dynamics of the portfolio.
  4. Ability to Hedge the Portfolio - The Portfolio Manager can hedge the portfolio based on changes in market fundamentals and unfavorable fixed income market conditions in certain segments of the bond market, in order to hedge segment exposure.
  5. Low Correlation - YPRO’s combined objectives of risk weighting, hedging, high yield holdings and reduced volatility may serve to reduce its correlation.

About the Portfolio Manager

Josh Emanuel, CFA, Chief Investment Officer
Mr. Emanuel joined The Elements Financial Group in 2010. Prior to 2010, he was with Wilshire Associates, Inc. (Wilshire), where he worked from 2004 – 2010. While at Wilshire, he most recently served as Head of Strategy and co-Chairman of the Wilshire Funds Management Investment Committee. Mr. Emanuel previously served as Head of Manager Research for Wilshire Funds Management, and was formerly responsible for International Equity Manager Research at Jeffrey Slocum & Associates. He holds a BA in Finance from the University of Pittsburgh, College of Business Administration, is a member of the CFA Society of Los Angeles, Inc., and has earned the Chartered Financial Analyst (CFA) designation.

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Fund Basics

  • Symbol

    YPRO

  • Exchange

    NASDAQ

  • Inception Date

    03.04.2014

  • CUSIP

    00768Y644

  • Indicative Value

    YPRO.IV

  • Options

    No

Manager Minutes, August 2014

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Price History

As of: 09/01/2014
NAV$25.03Closing Price$25.02
Change$0.04Change$0.04
Shares Outstanding2,850,000Volume2,848
4PM Bid/Offer MidpointPremium/Discount
Assets Under Management$71,340,921.05
Premium/Discount Historical Data

 

Top Holdings

As of: 09/01/2014
Ticker Name Weight
PGX POWERSHARES PREFERRED PORTFO 15.70%
HYLD ADVSHRS PERITUS HIGH YIELD 13.88%
VCIT VANGUARD INT-TERM CORPORATE 12.83%

Shares are bought and sold at market price (closing price) not NAV and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined), and do not represent the return you would receive if you traded at other times. Holdings and allocations are subject to risks and to change. A holding identified with an "MM" at the end of its name indicates it is a Money Market fund.

Fees & Expenses

  • Management Fee

    0.80%

  • Other Expenses

    0.22%

  • Acquired Fund Fees

    0.40%

  • Gross Expense Ratio

    1.42%

  • Net Expense Ratio

    1.42%