AdvisorShares Sage Core Reserves ETF gives details of new fund

By Toni Weeks

San Luis Obispo, Calif., Dec. 13 - AdvisorShares Trust gave details in a 497 filing with the Securities and Exchange Commission about its new investment-grade fund, the AdvisorShares Sage Core Reserves ETF.

The fund seeks to preserve capital while maximizing income by investing in a variety of fixed-income securities, including bonds, forwards and instruments issued by U.S. and foreign issuers. The fund will invest in dollar-denominated investment-grade debt securities. The dollar-weighted average portfolio maturity of the fund is not expected to exceed three years.

Mark C. MacQueen and Thomas H. Urano are the portfolio managers. Both are employed by subadviser Sage Advisory Services, Ltd. Co.

Shares of the fund will trade on the NYSE Arca under the ticker symbol "HOLD."

There are no shareholder fees. Including management fees of 0.3%, and taking into account the effects of a fee waiver agreement, total annual fund operating expenses are expected to be 0.35%.

Bethesda, Md.-based AdvisorShares Investments, LLC will serve as the investment adviser.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.