SOURCE: AdvisorShares

AdvisorShares

January 19, 2011 13:00 ET

AdvisorShares Lowers Expense Cap on the GTAA ETF

Reduction in Fees Reflects Phenomenal Growth of GTAA

BETHESDA, MD--(Marketwire - January 19, 2011) - AdvisorShares, a sponsor of actively managed Exchange Traded Funds (ETFs), announced that it is lowering the expense cap on the AdvisorShares Cambria Global Tactical ETF (NYSE: GTAA) from 1.35% to 0.99%, effective February 1, 2011. GTAA is sub-advised by Cambria Investment Management, Inc ("Cambria"), a Los Angeles, California-based investment manager.

"AdvisorShares and Cambria made a commitment to lower ETF fees as assets grew and operational efficiencies were achieved," said Noah Hamman, CEO and Founder of AdvisorShares. "In the three months since GTAA launched it has been one of the fastest growing actively managed ETFs, and it has attracted over $72,000,000 in assets as investors have quickly embraced the GTAA investment strategy." Cambria utilizes a quantitative approach with strict risk management to actively manage GTAA's portfolio in an attempt to mitigate downside losses and protect capital.

"We expect to do this for our other ETFs, as they reach their targeted asset growth. We pride ourselves on offering compelling actively managed ETFs, with fees lower than traditional mutual funds in their respective categories," Hamman added.

Mebane Faber, Chief Investment Officer of Cambria Investment Management, said, "We at Cambria have been thrilled with the initial growth of GTAA as we believe that investors need to be more proactive in managing their risk. This reduction in fees as assets under management grow is something I feel passionate about. In addition, we already have additional breakpoints on our management fee as the GTAA active ETF increases its asset growth."

Total Annual Fund Operating Expenses are 1.32%. The Advisor has contractually agreed to keep net expenses from exceeding 0.99% until September 12, 2011. The lowering of GTAA's expenses cap filing may be found here on the Securities and Exchange Commission's (SEC) website: http://www.sec.gov/Archives/edgar/data/1408970/000114420411002785/v208416_497.htm. More information on the ETF can be found on the AdvisorShares website at http://gtaa.advisorshares.com.

To request more information on AdvisorShares, please contact Noah Hamman at 202-684-6383 or nh@advisorshares.com. For media inquiries, please contact Richard Stern at 212-888-0044 or richstern@sternco.com.

About AdvisorShares
AdvisorShares is one of the leading providers of actively managed ETFs. As of 12/31/2010 AdvisorShares offers 5 active ETFs with over $150,000,000 of assets under management. AdvisorShares is pleased to offer actively managed ETFs, including the Dent Tactical ETF (NYSE: DENT), the Mars Hill Global Relative Value ETF (NYSE: GRV), the WCM/BNY Mellon Focused Growth ADR ETF (NYSE: AADR), the Cambria Global Tactical ETF (NYSE: GTAA) and the Peritus High Yield ETF (NYSE: HYLD). 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 www.advisorshares.com to learn more about us. Follow the AdvisorShares Team on Twitter or 'Like' us on Facebook.

About Cambria Investment Management, Inc.

Cambria Investment Management, Inc. is an investment management firm employing a disciplined multi-asset, global quantitative research process. Cambria provides investment management services through a number of portfolio strategies to high net worth individuals and institutions through separately managed accounts and private funds. Cambria believes that any single style or approach that relies on subjective methods can be inconsistent over time, may bias the investment process, and potentially hinder performance. Global diversification through asset allocation, coupled with prudent risk management, is the foundation of Cambria's investment philosophy. Visit their website at www.cambriainvestments.com. Read their blog at http://www.mebanefaber.com and follow them on Twitter.

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 www.AdvisorShares.com. Please read the prospectus carefully before you invest.

Foreside Fund Services, LLC, distributor.

There is no guarantee that the Fund will achieve its investment goal. 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, ETN risk, closed end fund risk, asset allocation risk, early closing risk, underlying fund investment risk, short sales and leverage risk, liquidity risk, trading risk, and turnover risk. This Fund may not be suitable for all investors.

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