AdvisorShares Trust - AdvisorShares Focused Equity ETF is an exchange traded fund launched and managed by AdvisorShares Investments, LLC. The fund invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. The fund seeks to benchmark the performance of its portfolio against the S&P 500 Index. The fund employs proprietary research to create its portfolio. AdvisorShares Trust - AdvisorShares Focused Equity ETF was formed on September 20, 2016 and is domiciled in the United States.

IES Holdings, Inc.

Comfort Systems USA, Inc.

Casey's General Stores, Inc.

Allison Transmission Holdings, Inc.

Amphenol Corporation

Science Applications International Corporation

Mueller Industries, Inc.

Henry Schein, Inc.

HEICO Corporation

Sprouts Farmers Market, Inc.

Healthcare

Industrials

Technology

Consumer Cyclical

Financial Services

Consumer Defensive

Utilities

AdvisorShares Focused Equity ETF

CWS Holdings & Sector Breakdown