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(GYEN) Gartman Gold/Yen ETF

Overview

10/03/2017 - AdvisorShares Press Release, AdvisorShares Announces the GEUR & GYEN ETF Will Close

How GYEN Works

The AdvisorShares Gartman Gold/Yen ETF (NYSE Arca: GYEN) seeks to provide positive returns by utilizing the Japanese yen to invest its assets in the gold market. GYEN offers investors an alternative method to invest in gold by financing gold purchases in liquid currencies other than the U.S. dollar. The Japanese yen is obtained through the sale of either exchange-traded currency futures or “over-the-counter” foreign exchange forward contracts. GYEN is managed by AdvisorShares Investments, LLC (“Portfolio Manager”).

Fund Documents

Portfolio Manager Commentaries

GYEN 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.
10/03/2017 -

AdvisorShares Press Release, AdvisorShares Announces the GEUR & GYEN ETF Will Close

Performance -Month-End

GYEN Performance History (%) as of 9/30/2017
 NAVMarket Price ReturnSpot price of Gold
1 Month-0.41-1.03-2.18
3 Months3.333.393.29
YTD7.627.7210.70
1 Year7.627.27-2.98
3 Years1.951.951.79
Since Inception
(02/11/2014)
1.631.59-0.07

Performance -Quarter-End

GYEN Performance History (%) as of 9/30/2017
 NAVMarket Price ReturnSpot price of Gold
1 Month-0.41-1.03-2.18
3 Months3.333.393.29
YTD7.627.7210.70
1 Year7.627.27-2.98
3 Years1.951.951.79
Since Inception
(02/11/2014)
1.631.59-0.07

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 Spot price of Gold is valued on the basis of each day's 3pm London time announced price for an ounce of gold set by five market making members of the London Bullion Market Association. One cannot invest directly in an index.

Fund Distributions

Ex-DateRecord DatePay DateCash DivST Cap GainLT Cap GainReturn of CapitalTotal Distribution
12-22-17
12-27-17
12-29-17
-----
12-23-16
12-28-16
12-30-16
$0.8912$0.00$0.00$0.00$0.8912/per share
12-24-15
12-29-15
12-31-15
$0.00$0.1367$0.2731$0.00$0.4098/per share
12-24-14
12-29-14
12-31-14
$0.042$0.206$0.310$0.00$0.558/per share
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About the Portfolio Manager

Robert M. Parker, CFA
Rob Parker is the Director of Capital Markets for AdvisorShares, where he oversees trading, portfolio management and fund operations activity for the firm. Rob’s professional career has spanned over a decade and a half within the financial services industry, where he has worked across compliance, due diligence, and investment analysis as well as positions of Senior Portfolio Manager and Firm Principal. Rob managed assets for a proprietary investment practice that he created after serving as Senior Portfolio Manager at ProShare Advisors, where he managed leveraged, inverse, and long-short ETFs. Rob previously held positions held at Capital Financial Group, Wachovia Securities, The Advisors Group, and FOLIOfn, serving in a variety of analyst roles. He is a graduate of National University, earning a Bachelor of Science. He holds the Chartered Financial Analyst (CFA) designation and is a member of the CFA Society of Washington, DC.

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Manager Minutes, August 2017

Price History

As of: 10/18/2017
NAV$11.71Closing Price$0.00
Change0Change$0.00
Shares Outstanding1,225,000Volume0
4PM Bid/Offer Midpoint$0.00Premium/Discount$0.00
Assets Under Management$14,343,710.00
Premium/Discount Historical Data

Holdings

As of: 10/18/2017

 

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.

Fund Basics

  • Symbol

    GYEN

  • Exchange

    NYSE Arca

  • Inception Date

    02/11/2014

  • CUSIP

    00768Y685

  • Indicative Value

    GYEN.IV

  • Options

    No

Fees & Expenses

  • Management Fee

    0.55%

  • Other Expenses

    0.68%

  • Gross Expense Ratio

    1.23%

  • Fee Waiver and/or Expense Reimbursement

    -0.58%

  • Net Expense Ratio

    0.65%*

  • *The Advisor has contractually agreed to keep net expenses from exceeding 0.65% of the Fund’s average daily net assets for at least one year from the date of the prospectus and for successive one-year periods thereafter unless the agreement is terminated.