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The Accuvest Investment Process

The AdvisorShares Accuvest Global Opportunities ETF (NYSE: ACCU) seeks long-term capital appreciation in excess of global equity

benchmarks such as the MSCI All Country World Index. ACCU is managed by Accuvest Global Advisors (AGA), who pioneered the use

of single-country ETFs to create top-down global equity strategies. AGA manages ACCU using the following 4-step investment process

on a monthly basis, which utilizes their proprietary factor-based country ranking model in order to develop a consistent, disciplined and

epeatable investment process when creating ACCUs portfolio.

Step 1: Rank Countries

AGA uses primarily two key criteria to qualify country-specic exchange

raded funds for the ACCU investing universe. The countries in this

universe represent 29 countries and just over 97% of world capital

markets.

All qualied countries must:

Be a MSCI All Country World Index constituent Have a liquid ETF track performance of its equity market

Step 2: Create Long and Short Portfolio Models

AGA analyzes a broad range of approximately 40 factors in four major groups. Factors selected for the model are based on historically suc

cessful investment strategies and are consistent with economic theory. Focusing on multiple factors instead of a single set of factors may

minimize risk during times of extended market moves in one direction or another.

Examples of these key factors include but are not limited to:

For additional information, call AdvisorShares at 1-877-THE ETF1 or visit us as www.advisorshares.com

Accuvest Global Opportunities ETF

Risk

Volatility

Currency

Momentum

Price Movement

Mean Reversion

Fundamentals

Economic Growth

Earnings

Valuation

Absolute

Relative

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Step 3: Rank countries based on relative attractivenessUsing a weighted average scoring system, the factor scores are combined to create a nal country score. Based on the country scores, the

ntire universe of countries is ranked from most attractive to least attractive.

Step 4: Construct the ACCU portfolioinally, ACCUs completely benchmark agnostic portfolio is constructed by purchasing single-country ETFs of the most highly ranked 5-6

ountries in the country ranking model. Position sizes are created using a proprietary algorithm; however there is portfolio constraint that no

osition can receive more than a 25% portfolio allocation when purchased.

AdvisorShares2 Bethesda Metro Center, Suite 1330 Bethesda, Maryland, 20814 1.877.843.3831

Fundamentals Momentum ValuationRisk

Country ACountry B

Country C

Country D

12

3

4

Country OCountry P

Country Q

Country R

1617

18

19

Country Risk

More Attractive (Higher Scores) Less Attractive (Lower Scores)

Before investing you should carefully consider the Funds investment objectives, risks, charges and expenses. This and other

nformation is in the prospectus, a copy of which may be obtained by visiting the Funds 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. Diversication and asset allocation do not guarantee a prot,

nor do they eliminate the risk of loss of principal. The Fund is subject to the risks associated with the underlying ETFs that comprise the

fund of funds. Each underlying ETF is subject to geographic concentration risk, emerging market risk, political and economic conditions,and changes in regulatory, currency exchange rates, tax or economic policy which could have a negative effect on the underlying ETFs

performance. See prospectus for specic risks regarding each geographic region. Newly organized, the Fund has no trading history and

here can be no assurance that active trading markets will be developed or maintained.

The MSCI AC World Index is a free oat-adjusted market capitalization weighted index that is designed to measure the equity market

performance of developed and emerging markets. Volatility is a statistical measure of the dispersion of returns for a given security or

market index. Mean Reversion is a theory that suggests that prices and returns eventually move back towards the mean or average.

Absolute Valuation uses discounted cash ow analysis to determine a companys nancial worth. Relative Valuation compares a rms

value to that of its competitors to determine the rms nancial worth.

Country

Ranking

ACCUTop 5- 6 Countries

Portfolio

Constraints