AdvisorShares Madrona International ETF

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FWDI Description
The investment objective of the AdvisorShares Madrona Forward International ETF (FWDI) seeks to provide long-term capital appreciation above the capital appreciation of its international benchmarks, such as the MSCI EAFE Index, the Fund’s primary benchmark, and the BNY Mellon Classic ADR Index, the Fund’s secondary benchmark. FWDI is sub-advised by Madrona Funds, LLC (Portfolio Manager). The Portfolio Manager seeks to achieve this objective by selecting a portfolio primarily composed of at least 250 of the largest American Depositary Receipts (ADRs) from among the largest issuers of Europe, Australasia and the Far East (EAFE) and Canada. FWDI’s portfolio may also include ADRs that provide exposure to certain markets deemed to be emerging markets.
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