This actively managed Exchange-Traded Fund (ETF) strives to achieve its investment goals by allocating capital to equity securities listed on U.S. exchanges. Its portfolio includes both common stocks and American Depositary Receipts (ADRs) from companies spanning the full spectrum of market capitalizations. To clarify, ADRs are financial instruments that allow investors to trade ownership interests in foreign publicly listed companies on U.S. stock exchanges. The fund is classified as non-diversified.

Comfort Systems USA, Inc.

Sterling Infrastructure, Inc.

Belden Inc.

Jabil Inc.

Amphenol Corporation

3M Company

AMETEK, Inc.

Vertiv Holdings Co

nVent Electric plc

Madison Air Solutions Corporation

Industrials

Technology

Utilities

Consumer Cyclical

AdvisorShares HVAC and Industrials ETF

The fund is an actively managed ETF that seeks to achieve its investment objective by investing in U.S. exchange traded equity securities consisting of common stock and ADRs of companies of any market capitalization. ADRs are securities traded on a local stock exchange that represent interests in securities issued by a foreign publicly listed company. The fund is non-diversified.

HVAC Holdings & Sector Breakdown