AdvisorShares Marks the One-Year Anniversary of the TrimTabs Float Shrink ETF (NYSE Arca: TTFS)

Actively Managed Domestic Equity ETF Outperforms Russell 3000® Benchmark Since Inception by Investing in Companies That Seek to Shrink Float Prudently

Oct 16, 2012, 11:11 ET from AdvisorShares

BETHESDA, Md., Oct. 16, 2012 /PRNewswire/ -- AdvisorShares, a leading sponsor of 16 actively managed exchange-traded funds (ETFs), recently celebrated the one-year anniversary of its domestic equity active ETF, the TrimTabs Float Shrink ETF (NYSE Arca: TTFS), which has outperformed the Russell 3000® Index since its inception.  TTFS is managed by TrimTabs Asset Management (TrimTabs), an SEC-registered investment adviser affiliated with TrimTabs Investment Research, a renowned independent institutional research firm focusing on equity market liquidity.

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The investment strategy of TTFS has multiple critical components.  First, the portfolio manager seeks to identify companies that are actively engaged in buying back their own company stock (shrinking the "float"), which may create a potentially profitable supply and demand imbalance in the secondary equity market.  Additionally, they seek to identify companies that have positive and growing free cash flow (profitable companies), and reduce the leverage on their balance sheets.  TrimTabs' extensive research process shows that investing in such companies has the potential to outperform passive and other fundamentally based investment strategies.  TTFS screens approximately 3,000 U.S. companies on a daily basis and then invests in the highest ranked 100 stocks, equally weighted, based on its quantitative algorithm.

Since its inception on Oct. 4, 2011 and through Sept. 30, 2012, TTFS has outperformed the Russell 3000® Index, while providing transparency, liquidity and better operational and tax efficiency within an ETF structure.

TTFS Performance – Quarter End (as of 9/30/2012)

Since Inception(10/4/2011)


           3 Mo

1 Mo






Market Price





Russell 3000® Index                                                                                   





Outperformance vs. Benchmark



TTFS Performance – Through One Year (as of 10/4/2012)

Since Inception, Annualized  





Market Price



Russell 3000® Index                                                                                              



Outperformance vs. Benchmark


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 investor's shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. For the Fund's most recent month end performance, please visit The Gross Expense Ratio is 1.29% and the Net Expense Ratio is 0.99%.  The Advisor has contractually agreed to keep net expenses from exceeding 0.99% of the Fund's average daily net assets for at least a year from the date of the Prospectus and for an indefinite period thereafter subject to annual re-approval of the agreement by the Board of Trustees.

"TTFS has outperformed its Russell 3000® benchmark and during its first year since coming to market," said Noah Hamman, Chief Executive Officer of AdvisorShares.  "We believe investors and our advisor base seeking to build a U.S. equity allocation to their portfolios may benefit from this transparent, liquid, operational and tax efficient active ETF, which has established a track record and outperformed a well-known passive index."

Charles Biderman, Founder and Chief Executive Officer of TrimTabs and Portfolio Manager of TTFS said, "Through our active approach to stock selection, we've been able to apply what TrimTabs research has long demonstrated—investors can profit by betting alongside the management of companies that engage in prudent float shrink.  I believe investors across all time horizons and demographics should maintain some exposure to U.S. equities in a diversified portfolio.  TTFS offers investors a smart and practical way to gain such exposure."

For media inquiries requesting more information on AdvisorShares, please contact Ryan Graham at 202-684-6442 or  For financial professionals and investors requesting more information, please visit or call the AdvisorShares Investment Consultant Team at 1-877-THE-ETF1 (1-877-843-3831).

For media inquiries requesting more information on TrimTabs, please contact Richard Stern at 212-888-0044 or

About AdvisorShares

AdvisorShares is one of the leading providers of actively managed ETFs.  As of 10/10/2012 AdvisorShares offers 16 active ETFs with $675,000,000 of assets under management.

AdvisorShares provides educational support to help investors understand ETFs, and the underlying investment strategy for each of the AdvisorShares ETFs.  AdvisorShares continues to seek qualified sub-advisor investment partners to offer compelling investment strategies in an active ETF structure. Visit our website at to learn more about us. Follow the AdvisorShares Team on Twitter or 'Like' us on Facebook.

About TrimTabs Investment Research LLC

TrimTabs Investment Research is the only independent research service that publishes detailed daily coverage of U.S. stock market liquidity -- including corporate liquidity flows, hedge fund flows, mutual fund flows and exchange-traded fund flows -- as well as weekly withheld income and employment tax collections.  Founded by Charles Biderman, TrimTabs has provided institutional investors with trading strategies since 1990. Around a third of the top 30 macro hedge funds use TrimTabs' research.  For more information, please visit

About TrimTabs Asset Management, LLC

Trim Tabs Asset Management, LLC was established in 1995.  Trim Tabs Asset Management, LLC serves as investment adviser to a variety of individual and institutional investor accounts. 

Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund's website at Please read the prospectus carefully before you invest.

Foreside Fund Services, LLC, distributor.

An investment in the Fund is subject to risk, including the possible loss of principal amount invested. Other Fund risks include market risk, equity risk, large, mid and small cap risk, liquidity risk and trading risk, which can increase Fund expenses and may decrease Fund performance. The Fund is, also, subject to the same risks associated with the underlying equities, which can result in higher volatility. This Fund may not be suitable for all investors.

The Russell 3000 Index measures the performance of the largest 3000 U.S. companies representing approximately 98% of the investable U.S. equity market. One cannot invest directly in an index. 

Float is the total number of shares publicly available for trading. The float is calculated by subtracting restricted shares from shares outstanding.

Float Shrink represents the percent change in shares outstanding. This is an average of all holdings in the portfolio as of the date shown.

Press Contact:

Ryan Graham



SOURCE AdvisorShares