Lower Shareholder Costs Announced for the AdvisorShares Global Echo ETF (NYSE Arca: GIVE)

Die Abkürzung ETF steht für "Exchange Traded Fund". © Nuthawut Somsuk / iStock Getty Images Plus / Getty Images http://www.gettyimages.de/

PR Newswire

BETHESDA, Md., Jan. 24, 2017

BETHESDA, Md., Jan. 24, 2017 /PRNewswire/ -- AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Global Echo ETF (NYSE Arca: GIVE) will lower its total net expense ratio to 0.99%, capping shareholder costs from exceeding that amount.* The reduction includes decreasing the fund's management fee to 0.80%. As the actively managed GIVE increases its assets under management and becomes more operationally-efficient, the total expense ratio would align with the 0.80% management fee.

GIVE is a multi-manager, multi-strategy ETF that invests in a diversified portfolio of global equities and fixed income securities with a sustainable and impact investing focus. The second part of GIVE's dual-impact investment mandate focuses on philanthropic giving. GIVE directly supports Philippe Cousteau's GlobalECHO Foundation, a 501(c)3 philanthropic organization that provides funding solutions focused on women and children, micro-enterprise and the environment. GIVE's sub-advisors – Reynders, McVeigh Capital Management and Community Capital Management – contribute 25 basis points of their management fee to support the GlobalECHO Foundation. AdvisorShares also contributes 15 basis points to support the Foundation and additional charities that make an impact across communities.

"While reducing the expense ratio will increase our firm's out of pocket costs to keep the ETF operational, we ultimately believe in GIVE's long-term potential to continue both aligning shareholders' values with their investment goals and to making an impact for communities abound," said Noah Hamman, chief executive officer of AdvisorShares. "GIVE sub-advisors Reynders, McVeigh Capital Management and Community Capital Management represent two firms with an institutional pedigree and a well-established history in managing sustainable and impact investment strategies for their clients. Their investment and allocation expertise combined with the philanthropic guidance and direction provided by Philippe Cousteau and the GlobalECHO Foundation truly make GIVE a unique, fully-transparent offering within our industry."

Since GIVE's inception on May 23, 2012 through November 30, 2016, AdvisorShares has contributed $116,788 to the GlobalECHO Foundation while making impactful contributions to additional philanthropic endeavors exceeding $120,000. As a result, the GlobalECHO Foundation helped develop a sustainable energy system at a hospital in the Eastern Congo by funding the installation of on-site solar panels – for a facility dedicated to rebuilding the lives of women in a challenging part of the world. GIVE's direct impact has also benefitted charities that support families with children battling cancer, multiple sclerosis research, rare cancer research and combatting childhood hunger.

Mr. Hamman added, "When looking closer at GIVE, we believe its dual-impact investment mandate has delivered for shareholders while possessing an even greater potential to do well while doing good. Additionally, we have long-felt that GIVE remains better-suited for Morningstar's World Allocation category – and when viewed within that scope, we believe the ETF's risk-adjusted performance shows quite favorably. We welcome financial advisors and investors who are evaluating an impact investment allocation to conduct their due diligence on GIVE – and discover what we feel represents a quite-compelling actively managed ETF offering."

GIVE Performance (through December 31, 2016)

ARIVA.DE Börsen-Geflüster

Kurse

AdvisorShares Global Echo

0,00%

	NAV	Market Price Return	Morningstar World Allocation Category
One-Year	1.15%	1.18%	5.81%
Since Inception (5/23/2012, Annualized)	4.81%	4.80%	4.34%

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. For the Fund's most recent month end performance, please visit www.AdvisorShares.com.

*As stated in the Prospectus, the total annual operating expenses are 2.71%. The Advisor has contractually agreed to keep net expenses from exceeding 0.99% of the Fund's average daily net assets, excluding acquired fund fees and expenses, for at least one year from the date of the prospectus and for successive one-year periods thereafter unless the agreement is terminated.

For financial professionals and investors requesting more information, please visit www.advisorshares.com or call an AdvisorShares Investment Consultant at 1-877-THE-ETF1 (1-877-843-3831). Our capital markets desk can assist with special order handling.

About AdvisorShares

A leading provider in the actively managed ETF marketplace, AdvisorShares offers 22 active ETFs with approximately $1.1 billion of assets under management (as of January 13, 2017). Visit www.advisorshares.com to register for free weekly economic commentary. For educational insight into the active ETF marketplace, visit www.alphabaskets.com, follow @AdvisorShares on Twitter and on Facebook. Every Thursday at 4:00 pm Eastern Time, AdvisorShares hosts an educational "AlphaCall" for financial professional that features portfolio managers and leading financial experts.

Definitions

Morningstar World Allocation Category: World-allocation portfolios seek to provide both capital appreciation and income by investing in three major areas: stocks, bonds, and cash. While these portfolios do explore the whole world, most of them focus on the U.S., Canada, Japan, and the larger markets in Europe. It is rare for such portfolios to invest more than 10% of their assets in emerging markets. These portfolios typically have at least 10% of assets in bonds, less than 70% of assets in stocks, and at least 40% of assets in non-U.S. stocks or bonds.

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund's website at www.AdvisorShares.com. Please read the prospectus carefully before you invest.

Foreside Fund Services, LLC, distributor.

There is no guarantee that the Fund will achieve its investment objective. An investment in the Fund is subject to risk, including the possible loss of principal amount invested. Fixed income investments are subject to the risk of default. Emerging markets are subject to the risk of social, economic, regulatory, and political uncertainties and can be extremely volatile. The risk of short sales can be unlimited since a short position loses value as the security's price increases. Short sales involve leverage which may magnify gains or losses for the Fund. See the prospectus for a detailed description of risks.

Shares are bought and sold at market price (closing price) not net asset value (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.

Press Contact:
Ryan Graham
AdvisorShares
202-684-6442
rg@advisorshares.com

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SOURCE AdvisorShares

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