Morgan Creek Global Tactical (GTAA)

As of May 19, 2017, AdvisorShares Trust - AdvisorShares Morgan Creek Global Tactical ETF has gone out of business. AdvisorShares Trust - AdvisorShares Morgan Creek Global Tactical ETF is an exchange traded fund of fund launched and managed by AdvisorShares Investments, LLC. It is co-managed by Morgan Creek Capital Management, LLC. The fund invests in funds which invest in the public equity, fixed income, commodity and currency markets of countries across the globe. For its equity portion, it seeks to invest in funds which invest in stocks of companies operating across diversified sectors. The fund invests in funds which invest in the value and growth stocks of companies across all market capitalizations. For its fixed income portion, it employs absolute returns strategy and invests in the U.S. Treasury ETPs. For its commodity portion, the fund invests in commodity-related ETPs for exposure to energy, industrial/base metals, and precious metals. For its currency portion, it invests in currency-related ETPs. The fund employs a combination of fundamental and quantitative analysis by focusing on factors such as strategic asset allocation and risk management to create its portfolio. It benchmarks the performance of its portfolio against the S&P 500 Index. The fund employs proprietary research to create its portfolio. It was formerly known as AdvisorShares Trust - AdvisorShares Cambria Global Tactical ETF. AdvisorShares Trust - AdvisorShares Morgan Creek Global Tactical ETF was formed on October 25, 2010 and is domiciled in the United States.