The Sub-Advisor seeks to achieve the fund's investment objective by short selling a portfolio of liquid mid- and large-cap U.S. exchange-traded equity securities, ETFs, ETNs and other exchange-traded products. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in short positions in equity securities. The Sub-Advisor implements a bottom-up, fundamental, research driven security selection process.
AdvisorShares Ranger Equity Bear ETF · Issued by AdvisorShares
| CVNA | Carvana Co Class A | 3.89% |
| WAL | Western Alliance Bancorp | 3.07% |
| BAH | Booz Allen Hamilton Holding Corp Class A | 2.97% |
| BBWI | Bath & Body Works Inc | 2.84% |
| PTC | PTC Inc | 2.75% |
| CTSH | Cognizant Technology Solutions Corp Class A | 2.54% |
| PAYX | Paychex Inc | 2.50% |
| SIG | Signet Jewelers Ltd | 2.43% |
| OZK | Bank OZK | 2.41% |
| DKNG | DraftKings Inc Ordinary Shares - Class A | 2.39% |
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