ACCU

/NYSE Arca
as of 03.31.2013

Accuvest Global Opportunities ETF

How the Accuvest Global Opportunities ETF Works

The AdvisorShares Accuvest Global Opportunities ETF (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 (Portfolio Manager). The Portfolio Manager seeks to achieve the Funds objective by selecting a portfolio of U.S. listed country-specific exchange traded funds (ETFs), using a proprietary multi-factor country ranking model designed to identify countries whose markets may outperform other world equity markets.

5
1.

Key Attributes

Fund Basics
Fund Inception: 01.25.2012 Symbol: ACCU Exchange: NYSE Arca CUSIP: 00768Y784 Fund Type: Actively-Managed ETF

Indicative Value: ACCU.IV Net Asset Value: ACCU.NV Portfolio Manager: Accuvest Global Advisors, LLC Dividend Frequency: Annual Options: No

2.

3.

4.

5.

The Portfolio Manager utilizes a proprietary country ranking model which ranks countries from most attractive to least attractive, on a monthly basis, based on a broad range of nearly 40 different factors. Single-country ETFs from the 5-6 most highly-ranked countries form ACCUs portfolio. Top Down Investing The Portfolio Manager follows a topdown concentrated investment strategy in that they evaluate and select countries, not individual equities, within the MSCI AC World Index. Global Focus The ACCU portfolio manager does not limit their investment universe to a single type of stock, sector, country or region. They maintain a global focus. Consistent, Disciplined Investment Process The Portfolio Managers investment process has not changed over time, and they consistently evaluate factors that influence country returns. Experienced Global Investment Strategists The Portfolio Manager is made up of investment professionals whose global markets experience spans over 3 decades.

Global Country Rotation Strategy

Holdings
Ticker
EWJ

Name ISHARES MSCI JAPAN INDEX FUND ISHARES MSCI TURKEY INVSTBLE ISHARES MSCI SOUTH KOREA CAPPED INDEX FUND ISHARES MSCI RUSSIA CAPPED INDEX FUND ISHARES MSCI CHINA INDEX FD CASH

Weight 25.36% 23.87% 18.07% 16.44% 15.37% 1.00%

TUR EWY ERUS MCHI ---

Why

Invest in ACCU?

Market Capitalization
Large Cap 78.8% Mid Cap Small Cap 16.0% 5.2%

For an Alpha-Seeking Global Equity Allocation By using singlecountry ETFs, ACCUs portfolio is constructed to minimize individual security risk while providing an investor diversified exposure to a countrys equity market. For Cost Savings By purchasing ETFs on the U.S. market, investors may realize significant savings over buying 2,000 individual securities on 30 local exchanges. ETFs represent very large aggregate portfolios and thus minimize the custody, reporting and transactions costs of operating in the local markets. (ETFs are subject to commission cost each time a buy or sell is executed.) For an Innovative Way to Invest Globally The Portfolio Manager, an early adopter of top-down country investment strategies, offers investors, through their proprietary country ranking model, an innovative way to invest globally. Instead of focusing on a single set of factors, the Portfolio Manager uses a broad range of factors in the following distinct groups: Valuation, Risk, Fundamental, and Momentum. This multi-factor model may minimize during times of extended market moves in one direction or another.

Market Allocation
Emerging 74.4% Developed 25.6%

Country Allocation
Japan Turkey South Korea Russia China 25.6% 24.1% 18.2% 16.6% 15.5%

Holdings and allocations are subject to risks and to change.

For more information, call AdvisorShares at 1-877-THE ETF1 (1-877-843-3831) or visit www.advisorshares.com

ACCU
NAV Market Price Return

/NYSE Arca
as of 03.31.2013

Accuvest Global Opportunities ETF

ACCU Performance History (%) as of 03.31.2013
1 Mo 0.96 0.99 3 Mo 0.49 1.65 YTD 0.49 1.65 1 Yr 10.65 10.65 Since Inception 12.84 12.89

Fees & Expenses

+ + + = = Management Fee: Other Expenses: Acquired Fund Fees: Gross Expense Ratio: Fee Waiver and/or Expense Reimbursement: Net Expense Ratio: 0.95% 1.32% 0.52% 2.79% 1.02% 1.77%*

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investors shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. For the Funds most recent month end performance, please visit www. advisorshares.com..

*The Advisor has contractually agreed to keep net expenses from exceeding 1.25% of the Funds average daily net assets for at least a year from the date of the Prospectus and for an indefinite period thereafter subject to annual reapproval of the agreement by the Board of Trustees. This agreement is limited to the Funds direct operating expenses and, therefore, does not apply to Acquired Fund Fees and Expenses.

About Accuvest Global Advisors Accuvest Global Advisors, the sub-advisor, is headquartered in Walnut Creek, CA. Founded in 2005, Accuvest serves as investment adviser to a variety of individual and institutional investor accounts, such as families, foundations, institutional investors, private funds, and financial intermediaries. www.accuvest.com

About the Portfolio Managers

David Garff, CIMA President & Portfolio Manager David heads the Investment Committee, Portfolio Management and Research teams at Accuvest. He began his investment career in 1992 with Merrill Lynch, and then spent 10 years as a consultant with Smith Barney. David graduated with a B.A. in Economics and Spanish Translation from Brigham Young University, and a Masters Degree in Business Administration, with a concentration in Finance, from the Haas School of Business at the University of California, Berkeley. He earned the Certified Investment Management Analyst designation as well as an Alternative Investments Certificate, both taught under the joint auspices of the Wharton School of Business, and the Investment Management Consulting Association. Brad Jensen, CIMA Managing Director & Portfolio Manager Brad heads the Global Strategy team for Accuvest and is also a member of the Investment Committee, and is a Senior Portfolio Manager. He earned his MBA in international finance from The Thunderbird School of Global Management. He has over twenty-five years of investment experience. Brad earned the Certified Investment Management Analyst designation under the joint auspices of the Wharton School of Business, and the Investment Management Consulting Association. David Allen Senior Associate & Portfolio Manager David is a member of the Investment Committee, the Portfolio Management team, and serves as the firms Chief Compliance Officer. David joined Accuvest Global Advisors in 2006 after completing his bachelors degree from the Marshall School of Business at the University of Southern California. Chris Heyman Senior Associate & Portfolio Manager Chris is a member of the Investment Committee and Portfolio Management team. He has received Advents Back Office and Performance Certifications. Chris joined Accuvest Global Advisors in 2008 after working for William Wright Associates Limited from 2006-2007. He holds a bachelors degree from the Marriot School of Business at Brigham Young University.

Before investing you should carefully consider the Funds investment objectives, risks, charges and expenses. This and other information 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. Diversification and asset allocation do not guarantee a profit, 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, changes in regulatory, currency exchange rates, tax or economic policy which could have a negative effect on the underlying ETFs performance. See prospectus for specific risks regarding each geographic region. Shares are bought and sold at the market price not net asset value (NAV) and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined), and do not represent the return you would receive if you traded at other times. Alpha is the premium an investment earns above a certain benchmark. The MSCI AC World Index is an unmanaged free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets

AdvisorShares 2 Bethesda Metro Center, Suite 1330 Bethesda, Maryland, 20814 1.877.843.3831