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AdvisorShares North Square McKee Core Reserves ETF
Active ETF
HOLD
Payout Change
Pending
Price as of:
$97.71
-0.03
-0.03%
primary theme
N/A
HOLD (ETF)
AdvisorShares North Square McKee Core Reserves ETF
Payout Change
Pending
Price as of:
$97.71
-0.03
-0.03%
primary theme
N/A
HOLD (ETF)
AdvisorShares North Square McKee Core Reserves ETF
Payout Change
Pending
Price as of:
$97.71
-0.03
-0.03%
primary theme
N/A
Name
As of 03/31/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
AdvisorShares North Square McKee Core Reserves ETF
HOLD | Active ETF
$97.71
$36.6 M
3.37%
$3.30
0.35%
Vitals
YTD Return
1.2%
1 yr return
2.1%
3 Yr Avg Return
1.7%
5 Yr Avg Return
1.3%
Net Assets
$36.6 M
Holdings in Top 10
31.1%
52 WEEK LOW AND HIGH
$97.7
$96.85
$98.14
Expenses
OPERATING FEES
Expense Ratio 0.35%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 03/31/2023Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
AdvisorShares North Square McKee Core Reserves ETF
HOLD | Active ETF
$97.71
$36.6 M
3.37%
$3.30
0.35%
HOLD - Profile
Distributions
- YTD Total Return 1.2%
- 3 Yr Annualized Total Return 1.7%
- 5 Yr Annualized Total Return 1.3%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.84%
- Dividend Yield 3.4%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAdvisorShares North Square McKee Core Reserves ETF
-
Fund Family NameAdvisorShares
-
Inception DateJan 14, 2014
-
Shares Outstanding375000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJack White
Fund Description
The Fund is an actively managed exchange-traded fund (“ETF”). CSM Advisors, LLC (the “Sub-Advisor”) seeks to achieve the Fund’s investment objective by investing in a variety of fixed income securities, including bonds and mortgage-backed and asset-backed securities, issued by U.S. and, to a lesser extent, foreign issuers. The securities primarily will be U.S. dollar-denominated. The Fund will primarily invest in investment grade debt securities rated Baa- or higher by Moody’s Investors Service, Inc., or equivalently rated by Standard & Poor’s Ratings Services or Fitch, Inc., or, if unrated, determined by the Sub-Advisor to be of comparable quality using certain metrics as measures of comparison.
Mortgage-backed securities represent interests in pools of residential mortgage loans purchased from individual lenders by a federal agency or originated and issued by private lenders. Asset-backed securities represent interests in pools of underlying assets such as motor vehicle installment sales or installment loan contracts, leases of various types of real and personal property, and receivables from credit card agreements.
The average duration of the Fund will vary based on the Sub-Advisor’s forecast for interest rates and will generally not exceed one year. Duration is a measure used to determine the sensitivity of a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will be to changes in interest rates. The dollar-weighted average portfolio maturity of the Fund is generally not expected to exceed three years.
In seeking to achieve its investment objective, the Fund also may invest in futures, swaps and forwards. On a day-to-day basis, the Fund may hold money market instruments, cash, other cash equivalents, and exchange traded products (“ETPs”) that invest in these and other highly liquid instruments to collateralize its derivative positions.
While investing in a particular market sector is not a strategy of the Fund, its portfolio may be significantly invested in one or more sectors as a result of the security selection decisions made pursuant to its strategy. As of June 30, 2022, a significant portion of the Fund’s portfolio was comprised of companies in the Financials Sector, although this may change from time to time.
HOLD - Performance
Return Ranking - Trailing
| Period | HOLD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -4.7% | 2.6% | 46.35% |
| 1 Yr | 2.1% | -6.1% | 6.9% | 13.36% |
| 3 Yr | 1.7%* | -2.9% | 3.7% | 14.35% |
| 5 Yr | 1.3%* | -11.1% | 2.6% | 11.73% |
| 10 Yr | N/A* | -5.1% | 1.5% | N/A |
* Annualized
Return Ranking - Calendar
| Period | HOLD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.4% | -6.4% | 2.3% | 8.70% |
| 2022 | -0.1% | -1.6% | 21.9% | 29.02% |
| 2021 | 0.2% | -21.0% | 5.8% | 31.94% |
| 2020 | 0.8% | -9.4% | 2.6% | 9.31% |
| 2019 | 0.4% | -12.9% | 6.1% | 5.08% |
Total Return Ranking - Trailing
| Period | HOLD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.2% | -6.5% | 2.6% | 50.21% |
| 1 Yr | 2.1% | -6.1% | 6.9% | 13.36% |
| 3 Yr | 1.7%* | -2.9% | 3.7% | 14.35% |
| 5 Yr | 1.3%* | -11.1% | 2.6% | 11.73% |
| 10 Yr | N/A* | -5.1% | 1.5% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | HOLD Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.4% | -6.4% | 2.3% | 8.70% |
| 2022 | -0.1% | -1.6% | 21.9% | 29.02% |
| 2021 | 0.2% | -21.0% | 5.8% | 31.94% |
| 2020 | 0.8% | -9.4% | 2.6% | 9.31% |
| 2019 | 0.4% | -12.9% | 6.1% | 7.34% |
HOLD - Holdings
Concentration Analysis
| HOLD | Category Low | Category High | HOLD % Rank | |
|---|---|---|---|---|
| Net Assets | 36.6 M | 24.5 K | 19.8 B | 92.15% |
| Number of Holdings | 73 | 1 | 3396 | 85.06% |
| Net Assets in Top 10 | 11.4 M | -200 M | 16.1 B | 81.33% |
| Weighting of Top 10 | 31.08% | 2.6% | 100.0% | 31.47% |
Top 10 Holdings
- United States Treasury Notes 1.125% 6.57%
- United States Treasury Notes 0.14% 6.39%
- United States Treasury Notes 1.875% 5.81%
- United States Treasury Notes 0.125% 5.44%
- United States Treasury Notes 1.12% 5.08%
- United States Treasury Notes 1.38% 4.71%
- United States Treasury Notes 1.5% 4.11%
- United States Treasury Notes 1.375% 4.00%
- United States Treasury Notes 1.25% 3.99%
- United States Treasury Notes 1.75% 3.59%
Asset Allocation
| Weighting | Return Low | Return High | HOLD % Rank | |
|---|---|---|---|---|
| Bonds | 84.12% | 0.00% | 123.41% | 44.81% |
| Cash | 15.89% | -24.02% | 100.00% | 44.40% |
| Stocks | 0.00% | 0.00% | 3.35% | 75.10% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 74.69% |
| Other | 0.00% | -10.38% | 3.22% | 77.59% |
| Convertible Bonds | 0.00% | 0.00% | 15.25% | 93.78% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | HOLD % Rank | |
|---|---|---|---|---|
| Securitized | 44.15% | 0.00% | 100.00% | 21.99% |
| Corporate | 32.56% | 0.00% | 99.91% | 63.49% |
| Cash & Equivalents | 15.89% | 0.00% | 100.00% | 44.40% |
| Government | 7.40% | 0.00% | 100.00% | 34.44% |
| Derivative | 0.00% | 0.00% | 23.15% | 79.25% |
| Municipal | 0.00% | 0.00% | 70.39% | 88.38% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | HOLD % Rank | |
|---|---|---|---|---|
| US | 78.45% | 0.00% | 100.00% | 27.80% |
| Non US | 5.67% | 0.00% | 72.88% | 69.71% |
HOLD - Expenses
Operational Fees
| HOLD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.35% | 0.03% | 4.12% | 54.39% |
| Management Fee | 0.30% | 0.00% | 1.19% | 71.49% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 22.34% |
| Administrative Fee | 0.03% | 0.01% | 0.40% | 2.88% |
Sales Fees
| HOLD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.50% | 5.75% | N/A |
| Deferred Load | N/A | 0.25% | 1.00% | N/A |
Trading Fees
| HOLD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| HOLD Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 369.54% | 82.46% |
HOLD - Distributions
Dividend Yield Analysis
| HOLD | Category Low | Category High | HOLD % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.37% | 0.00% | 4.70% | 16.60% |
Dividend Distribution Analysis
| HOLD | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
| HOLD | Category Low | Category High | HOLD % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.84% | -1.30% | 14.86% | 19.83% |
Capital Gain Distribution Analysis
| HOLD | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Mar 30, 2023 | $0.275 | OrdinaryDividend |
| Feb 27, 2023 | $0.287 | OrdinaryDividend |
| Jan 31, 2023 | $0.173 | OrdinaryDividend |
| Dec 30, 2022 | $0.343 | OrdinaryDividend |
| Nov 30, 2022 | $0.217 | OrdinaryDividend |
| Oct 31, 2022 | $0.188 | OrdinaryDividend |
| Sep 30, 2022 | $0.176 | OrdinaryDividend |
| Aug 31, 2022 | $0.116 | OrdinaryDividend |
| Jul 29, 2022 | $0.123 | OrdinaryDividend |
| Jun 30, 2022 | $0.076 | OrdinaryDividend |
| May 31, 2022 | $0.060 | OrdinaryDividend |
| Apr 29, 2022 | $0.064 | OrdinaryDividend |
| Mar 31, 2022 | $0.044 | OrdinaryDividend |
| Feb 28, 2022 | $0.030 | OrdinaryDividend |
| Jan 31, 2022 | $0.029 | OrdinaryDividend |
| Dec 31, 2021 | $0.037 | OrdinaryDividend |
| Nov 30, 2021 | $0.028 | OrdinaryDividend |
| Oct 29, 2021 | $0.028 | OrdinaryDividend |
| Sep 30, 2021 | $0.049 | OrdinaryDividend |
| Aug 31, 2021 | $0.037 | OrdinaryDividend |
| Jul 30, 2021 | $0.056 | OrdinaryDividend |
| Jun 30, 2021 | $0.057 | OrdinaryDividend |
| May 28, 2021 | $0.047 | OrdinaryDividend |
| Apr 30, 2021 | $0.045 | OrdinaryDividend |
| Mar 31, 2021 | $0.055 | OrdinaryDividend |
| Feb 26, 2021 | $0.054 | OrdinaryDividend |
| Jan 29, 2021 | $0.052 | OrdinaryDividend |
| Dec 31, 2020 | $0.088 | OrdinaryDividend |
| Nov 30, 2020 | $0.102 | OrdinaryDividend |
| Oct 30, 2020 | $0.078 | OrdinaryDividend |
| Sep 30, 2020 | $0.074 | OrdinaryDividend |
| Aug 31, 2020 | $0.080 | OrdinaryDividend |
| Jul 31, 2020 | $0.107 | OrdinaryDividend |
| Jun 30, 2020 | $0.114 | OrdinaryDividend |
| May 29, 2020 | $0.119 | OrdinaryDividend |
| Apr 30, 2020 | $0.146 | OrdinaryDividend |
| Mar 31, 2020 | $0.180 | OrdinaryDividend |
| Feb 28, 2020 | $0.162 | OrdinaryDividend |
| Jan 31, 2020 | $0.152 | OrdinaryDividend |
| Dec 31, 2019 | $0.204 | OrdinaryDividend |
| Nov 29, 2019 | $0.208 | OrdinaryDividend |
| Oct 31, 2019 | $0.201 | OrdinaryDividend |
| Sep 30, 2019 | $0.174 | OrdinaryDividend |
| Aug 30, 2019 | $0.143 | OrdinaryDividend |
| Jul 31, 2019 | $0.215 | OrdinaryDividend |
| Jun 28, 2019 | $0.186 | OrdinaryDividend |
| May 31, 2019 | $0.225 | OrdinaryDividend |
| Apr 30, 2019 | $0.204 | OrdinaryDividend |
| Mar 29, 2019 | $0.194 | OrdinaryDividend |
| Feb 28, 2019 | $0.191 | OrdinaryDividend |
| Jan 31, 2019 | $0.176 | OrdinaryDividend |
| Dec 31, 2018 | $0.221 | OrdinaryDividend |
| Nov 30, 2018 | $0.197 | OrdinaryDividend |
| Oct 31, 2018 | $0.177 | OrdinaryDividend |
| Sep 28, 2018 | $0.144 | OrdinaryDividend |
| Aug 31, 2018 | $0.179 | OrdinaryDividend |
| Jul 31, 2018 | $0.171 | OrdinaryDividend |
| Jun 29, 2018 | $0.168 | OrdinaryDividend |
| May 31, 2018 | $0.153 | OrdinaryDividend |
| Apr 30, 2018 | $0.142 | OrdinaryDividend |
| Mar 29, 2018 | $0.130 | OrdinaryDividend |
| Feb 28, 2018 | $0.137 | OrdinaryDividend |
| Jan 31, 2018 | $0.121 | OrdinaryDividend |
| Dec 29, 2017 | $0.137 | OrdinaryDividend |
| Nov 30, 2017 | $0.127 | OrdinaryDividend |
| Oct 31, 2017 | $0.130 | OrdinaryDividend |
| Sep 29, 2017 | $0.119 | OrdinaryDividend |
| Aug 31, 2017 | $0.109 | OrdinaryDividend |
| Jul 31, 2017 | $0.113 | OrdinaryDividend |
| Jun 30, 2017 | $0.108 | OrdinaryDividend |
| May 31, 2017 | $0.098 | OrdinaryDividend |
| Apr 28, 2017 | $0.096 | OrdinaryDividend |
| Mar 31, 2017 | $0.092 | OrdinaryDividend |
| Feb 28, 2017 | $0.087 | OrdinaryDividend |
| Jan 31, 2017 | $0.071 | OrdinaryDividend |
| Dec 30, 2016 | $0.122 | OrdinaryDividend |
| Nov 30, 2016 | $0.073 | OrdinaryDividend |
| Oct 31, 2016 | $0.078 | OrdinaryDividend |
| Sep 30, 2016 | $0.084 | OrdinaryDividend |
| Aug 31, 2016 | $0.091 | OrdinaryDividend |
| Jul 29, 2016 | $0.082 | OrdinaryDividend |
| Jun 30, 2016 | $0.065 | OrdinaryDividend |
| May 31, 2016 | $0.036 | OrdinaryDividend |
| Apr 29, 2016 | $0.134 | OrdinaryDividend |
| Mar 31, 2016 | $0.085 | OrdinaryDividend |
| Feb 29, 2016 | $0.062 | OrdinaryDividend |
| Jan 29, 2016 | $0.052 | OrdinaryDividend |
| Dec 31, 2015 | $0.084 | OrdinaryDividend |
| Nov 30, 2015 | $0.053 | OrdinaryDividend |
| Oct 30, 2015 | $0.060 | OrdinaryDividend |
| Sep 30, 2015 | $0.051 | OrdinaryDividend |
| Aug 31, 2015 | $0.044 | OrdinaryDividend |
| Jul 30, 2015 | $0.039 | OrdinaryDividend |
| Jun 30, 2015 | $0.037 | OrdinaryDividend |
| May 29, 2015 | $0.017 | OrdinaryDividend |
| Dec 31, 2014 | $0.150 | OrdinaryDividend |
| Nov 28, 2014 | $0.018 | OrdinaryDividend |
| Oct 31, 2014 | $0.013 | OrdinaryDividend |
| Aug 29, 2014 | $0.073 | OrdinaryDividend |
| Jul 31, 2014 | $0.089 | OrdinaryDividend |
| Jun 30, 2014 | $0.092 | OrdinaryDividend |
| May 30, 2014 | $0.086 | OrdinaryDividend |
| Apr 30, 2014 | $0.071 | OrdinaryDividend |
| Mar 31, 2014 | $0.056 | OrdinaryDividend |
| Feb 28, 2014 | $0.020 | OrdinaryDividend |
HOLD - Fund Manager Analysis
Managers
Jack White
Start Date
Tenure
Tenure Rank
Nov 01, 2021
0.58
0.6%
Jack White joined C.S. McKee in 1997 as a fixed income analyst and was promoted to portfolio manager in 1999. His primary responsibility is to make investment decisions related to the government and structured securities sectors. He also provides input into the sector allocation, duration and yield-curve decisions. A Chartered Financial Analyst, Mr. White holds an MBA degree in Finance and a Bachelor's degree in Finance from Youngstown State University.
Brian Allen
Start Date
Tenure
Tenure Rank
Nov 01, 2021
0.58
0.6%
Brian Allen joined C.S. McKee in 1999 as a fixed income portfolio manager and has held that position since that time. He is primarily responsible for investment decisions related to the mortgage-backed and asset-backed sectors. He also provides input to the sector-allocation, duration and yield-curve decisions. Prior to joining C.S. McKee, Mr. Allen managed fixed income funds for institutional clients at Patterson Capital Corporation in Los Angeles from 1993 until 1998. Prior to that Mr. Allen worked as an equity and fixed income manager for C&S/Sovran Trust Company from 1987 to 1991. A Chartered Financial Analyst, Mr. Allen holds an MBA degree in Finance from the Wharton School and a Bachelor's degree in Business Administration from James Madison University.
Bryan Johanson
Start Date
Tenure
Tenure Rank
Nov 01, 2021
0.58
0.6%
Bryan Johanson joined C.S. McKee in 1994 as a fixed income portfolio manager and has held that position since that time. His primary responsibility is security selection within the corporate sector. He also provides input to the sector-allocation, duration and yield-curve decisions. Prior to joining to C.S. McKee, Mr. Johanson was a manager of mortgage-backed and asset backed securities for the Indiana Corporate Federal Credit Union from 1992 until joining McKee. Prior to that Mr. Johanson worked as an analyst for National City Bank from 1988 to 1992. A Chartered Financial Analyst, Mr. Johanson holds an MBA degree in Finance from Indiana University and a Bachelor's degree in Accounting from Bowling Green University.
Andrew Faderewski
Start Date
Tenure
Tenure Rank
Nov 01, 2021
0.58
0.6%
Andrew Faderewski joined C.S. McKee in 2007 as a portfolio accountant and was promoted to fixed income analyst in 2008. His primary responsibilities include monitoring portfolio analytics, managing client reporting and compliance, and performing various economic and sector research. A Chartered Financial Analyst, Mr. Faderewski received his BS in Finance and Investment Management from Duquesne University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 32.44 | 6.54 | 7.92 |
