As of October 9, 2015, AdvisorShares Trust - AdvisorShares Pring Turner Business Cycle ETF has gone out of business. AdvisorShares Trust - AdvisorShares Pring Turner Business Cycle ETF is an exchange traded fund launched and managed by AdvisorShares Investments, LLC. It is co-managed by Pring Turner Capital Group. The fund invests in the public equity, fixed income and commodity markets of countries across the globe. It also invests in other exchange traded funds. For its equity portion, the fund seeks to invest in the stocks of companies operating across diversified sectors. It primarily invests in the stocks of companies across all market capitalization. For its fixed income portion, the fund invests in the corporate debt securities rated as BBB and above by S&P. It employs active management style to manage its portfolio. The fund employs fundamental analysis by focusing on factors such as momentum, and inter-asset relationships, in order to identify the current stage of a business cycle, historical performance data to determine which economic sectors outperform or underperform in the specific stage, gradual asset allocation and sector emphasis, relative strength, trend and charting disciplines, quality, value, and income characteristics its create its portfolio. It benchmarks the performance of its portfolio against the S&P 500 Index. The fund employs proprietary research to create its portfolio. AdvisorShares Trust - AdvisorShares Pring Turner Business Cycle ETF was formed on December 18, 2012 and is domiciled in the United States.