Narrator: Yung Lim, CEO of FolioBeyond FWDB AdvisorShares FolioBeyond Smart Core Bond ETF www.advisorshares.com 1
Narrator: Yung Lim, CEO of FolioBeyond Table of Contents About FolioBeyond….......................... 3 The Case for FWDB……..……...….... 10 Investment Strategy Overview……….. 4 How FWDB Fits Within a Portfolio….. 11 Investment Process Overview………. 5 Strategy Summary.....................…….. 12 Analysis and Allocation……..….......... 6 Benefits of Active ETF Structure…….. 13 Security Selection……………..…....... 7 About AdvisorShares……………….... 14 Portfolio Management......………..….. 8 Contact Us..............……………………. 15 Risk Management......………..…........ 9 Disclosure………………………………. 16 www.advisorshares.com 2
Narrator: Yung Lim, CEO of FolioBeyond About FolioBeyond § FolioBeyond represents the next generation, institutional-quality quantitative asset management platform – intersecting a deeply experienced investment team rooted in fixed income markets with state-of-the-art financial technology. § Their advanced asset allocation algorithms and forward-looking innovation deliver an institutional-style asset manager through an accessible and fully-transparent ETF for advisors, accredited investors, and individual investors to utilize. § FolioBeyond’s advanced optimization framework is built from over 100 years of combined experience spanning investment management, risk management, quantitative trading and financial technology. www.advisorshares.com 3 Next slide: Investment Strategy Overview
Narrator: Yung Lim, CEO of FolioBeyond Investment Strategy Overview § FWDB is a dynamic, core bond strategy that seeks investment results that exceed the price and yield performance of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index. § The actively managed FWDB features institutional-quality portfolio management employing FolioBeyond’s quantitative process that invests without selection bias. § The advanced asset allocation process is opportunistic and evaluates a multitude of factors , actively investing across 20-plus distinct bond classes that cover the major sectors of the global investable fixed income universe. § FWDB utilizes rigorous risk management that customizes constraints and estimates return volatility based on a combination of implied and historical volatility measures. www.advisorshares.com 4 Next slide: Investment Process Overview
Narrator: Yung Lim, CEO of FolioBeyond Investment Process Overview § FWDB’s quantitative process utilizes FolioBeyond’s advanced optimization framework which integrates deep investment management expertise with state-of-the-art financial technology. www.advisorshares.com 5 Next slide: Analysis & Allocation
Narrator: Yung Lim, CEO of FolioBeyond Analysis & Allocation § FWDB can dynamically can invest across 20-plus distinct fixed income classes across various credits and duration, primarily using liquid ETFs in its underlying portfolio: US GOVERNMENT AGENCY / SOVEREIGN INVESTMENT GRADE SUB INVESTMENT GRADE Gov’t Inter- Corporate Corporate Corporate Inter- Treasuries TIPS Structured Structured Municipals Municipals Agency national Bonds Loans Bonds national Ultra-Short Short Short Short Short Bank Loans Short Developed Intermediate Intermediate Debentures MBS CMBS Intermediate Intermediate Intermediate Non-US Mortgage Emerging Long Int/Long Long REIT Markets Ultra-Long Long www.advisorshares.com 6 Next slide: Security Selection
Narrator: Yung Lim, CEO of FolioBeyond Security Selection From a universe of ETFs representing each investable subsector, which is agnostic to Best of Breed fund families, the manager focuses on multitude of factors including sector ETFs exposures, size, liquidity, cost, index tracking, manager quality Demonstrative of an experienced institutional portfolio manager – the strategy incorporates Systematic primary and secondary factors to make Model systematic asset allocation decisions without selection bias With a focus on value, the manager examines forward-looking yields as Forward- opposed to historical returns; factors in Looking Focus all adjustments to reflect costs and benefits of embedded options, credit risk, tax effects and inflation forecasts www.advisorshares.com 7 Next slide: Portfolio Management
Narrator: Yung Lim, CEO of FolioBeyond Portfolio Management www.advisorshares.com 8 Next slide: Risk Management
Narrator: Yung Lim, CEO of FolioBeyond Risk Management FWDB employs rigorous risk management that integrates major risk attributes and customizes constraints and estimates return volatility: Model automated and rebalanced daily as needed Estimate return volatility based on combination of both historical volatility and forward-looking, implied volatility measures Determine correlations across all asset classes Manage downside risk in stressed environments Overlay momentum effects to adjust risk projections www.advisorshares.com 9 Next slide: The Case for FWDB
Narrator: Yung Lim, CEO of FolioBeyond The Case for FWDB Employs dynamic, Provides fixed income institutional-quality asset management that intersects portfolio diversification that spreads investment risk deep expertise in fixed income markets with state-of- across 20-plus distinct bond classes the-art financial technology Actively allocates without FWDB allows a simplified selection bias and employs fixed income solution , and rigorous risk management is designed for advisors and to seek better absolute investors seeking a single returns and better-risk strategy that invests across adjusted returns than its most major bond sectors benchmark www.advisorshares.com 10 Next slide: How FWDB Fits Within a Portfolio
Narrator: Yung Lim, CEO of FolioBeyond How FWDB Fits Within a Portfolio § FWDB can serve as a core, standalone investment strategy for a fixed income allocation. § Delivers an alpha-seeking strategy that aims to deliver better absolute returns and better risk-adjusted returns than what it represented in the Bloomberg Barclays U.S. Aggregate Bond Index. § FWDB can be utilized as an efficient way to quickly implement portfolio overlays for gaining smart fixed income exposure. www.advisorshares.com 11 Next slide: Strategy Summary
Narrator: Yung Lim, CEO of FolioBeyond Strategy Summary - FWDB § Actively managed ETF featuring the next generation, institutional-quality quantitative asset management platform which delivers a dynamic, core bond strategy designed to seek investment results that exceed the price and yield performance of its benchmark, the Bloomberg Barclays U.S. Aggregate Bond Index. § FWDB’s opportunistic, systematic approach evaluates a multitude of primary and secondary factors, combined with rigorous risk management, which can provide an efficient and effective means of achieving total returns in the fixed income market. § FWDB’s dynamic portfolio diversification seeks to mitigate its risk by investing across 20-plus different bond classes across various durations and credit qualities – unlike other fixed income ETFs that track popular bond indexes which are heavily tilted towards U.S. Treasuries and U.S. government agency debt securities. § FolioBeyond’s advanced optimization framework is built from over 100 years of combined experience in fixed income investment management, risk management, quantitative trading and financial technology. www.advisorshares.com 12 Next slide: Benefits of the Active ETF Structure
Narrator: Yung Lim, CEO of FolioBeyond Benefits of the Active ETF Structure Full Transparency – Investors can view all the underlying holdings of this active ETF on a daily § basis. § Intraday Liquidity – This active ETF can be bought and sold like a stock during the market trading day. Also, volume does not equal liquidity. This ETF’s liquidity is driven by the constituents of its underlying portfolio. § Operational & Tax Efficiency – Unlike mutual funds where investors are responsible for taxes on capital gains, the active ETF structure provides the potential to not pay any taxable capital gain distributions. www.advisorshares.com 13 Next slide: About AdvisorShares
Narrator: Yung Lim, CEO of FolioBeyond About AdvisorShares § AdvisorShares is a leading provider of actively managed exchange-traded funds (ETFs). § AdvisorShares became among the first firms to bring actively managed ETFs to market, delivering numerous “industry firsts,” and remains a leading and innovative provider in the rapidly expanding actively managed ETF space. § Our diversified suite of investment strategies features accomplished investment managers making active decisions, similar to traditional mutual funds, except our fund portfolios are delivered in a fully-transparent ETF structure. www.advisorshares.com 14 Next slide: Contact Us
Narrator: Yung Lim, CEO of FolioBeyond Contact Us AdvisorShares 4800 Montgomery Lane Suite 150 Bethesda, MD 20814 www.advisorshares.com You May Reach an AdvisorShares Investment Consultant by Calling: 1-877-843-3831 Follow AdvisorShares on Twitter ’Like' Us on Facebook www.advisorshares.com 15 Next slide: Disclosure
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