The AdvisorShares Focused Equity ETF (CWS) is designed to enhance broad market index investments by actively sidestepping financially vulnerable companies typically included in such indices. Its strategy prioritizes investing exclusively in businesses recognized as top-tier performers in their sectors. Emphasizing a long-term outlook, CWS adopts a buy-and-hold approach, resulting in minimal portfolio turnover; trades are executed only when necessary, and holdings are maintained for extended periods. This enduring investment philosophy is believed to be optimal for navigating market volatility. The fund also features a distinctive "fulcrum" fee arrangement, where the Portfolio Strategist's compensation is directly linked to performance: exceptional results lead to increased management fees, while suboptimal performance results in a reduction. CWS employs a rigorous strategy focused on generating superior returns, offering investors a straightforward path to gain exposure to a concentrated portfolio of carefully selected, outstanding companies, each boasting demonstrable competitive advantages.