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About AdvisorShares STAR Global Buy-Write ETF
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Inception date
Sep 17, 2012
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
AdvisorShares Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US00768Y7682
VEGA is a fund-of-funds that invests globally and uses a well-known options strategy applied across asset classes in its aim for consistent returns in up or down markets. ETPs are selected based on size, historical track record, diversification among indices, the correlation of an index to other indices and an ability to write covered call options. Individual securities are screened using fundamental, behavior, qualitative and macro-economic data. Covered-call strategies have been available to ETP investors for years, but VEGA, launched in September 2012, offers some new twists. First, it covers a broader range of assets including emerging market equities as well as T-bonds and metals. VEGA also buys out-of-the-money protective puts on some underlying assets. This strategy earns income from the option premiums while forgoing some upside and hedging some downside. Investors should note that covered calls don`t do well when the underlying roars up.
Related funds
Classification
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF97.98%
Cash1.98%
Rights & Warrants0.05%
Miscellaneous−0.00%
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
VEGA assets under management is 70.08 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
VEGA invests in funds. See more details in our Analysis section.
VEGA expense ratio is 1.36%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, VEGA isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, VEGA pays dividends to its holders with the dividend yield of 0.94%.
VEGA shares are issued by Wilson Lane Group LLC
VEGA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 17, 2012.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.