AdvisorShares Focused Equity ETF

The AdvisorShares Focused Equity ETF (NYSE Arca: CWS) is an actively managed exchange-traded fund launched on September 20, 2016, and managed by AdvisorShares Investments, LLC, headquartered in Bethesda, Maryland. The fund seeks long-term capital appreciation by investing primarily in a concentrated, focused group of approximately 25 U.S. exchange-listed equity securities, guided by a proprietary model developed by portfolio strategist Edward "Eddy" Elfenbein, founder of the renowned Crossing Wall Street investment research platform. CWS employs a disciplined bottom-up, value-oriented, buy-and-hold strategy targeting high-quality companies with strong balance sheets, proven management, competitive advantages, and consistent histories of growing sales, earnings, and dividends — benchmarking its performance against the S&P 500 Index. With approximately $130–190 million in assets under management, the fund features an innovative fulcrum fee structure that ties the portfolio manager's compensation directly to performance, aligning incentives with shareholder interests.