The AdvisorShares Sage Core Reserves ETF (HOLD) is an exchange-traded fund designed to preserve capital and provide liquidity through a diversified portfolio of short-term fixed-income securities. The ETF is managed by AdvisorShares in partnership with Sage Advisory Services and trades under the ticker HOLD on the NYSE Arca.

Classified as an actively managed fixed-income ETF, the fund invests in a combination of U.S. government securities, short-term credit instruments, and other assets intended to support cash management and capital preservation objectives.

Unlike index-tracking bond ETFs, HOLD employs a flexible allocation strategy that allows portfolio adjustments based on market conditions, interest-rate expectations, and the portfolio managers’ assessment of risk and liquidity.

Diversification and sector exposure

HOLD provides exposure primarily associated with:

• U.S. Treasuries.

• Short-term fixed-income securities.

• Money market instruments.

• High-quality corporate credit.

• Cash-management strategies.

• Capital preservation.

• Liquidity-focused investments.

• U.S. fixed-income markets.

The portfolio is constructed with an emphasis on risk management and liquidity, focusing primarily on high-credit-quality securities with relatively short maturities. The ETF’s performance is generally tied to conditions in short-term fixed-income markets, including movements in U.S. interest rates and changes in Federal Reserve policy.

Financial-system liquidity, credit conditions, and expectations for the U.S. economy may also influence the fund’s behavior alongside broader interest-rate trends.

Structure and costs

HOLD shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Income generated by the underlying holdings may be distributed periodically to shareholders according to the fund’s distribution policy.

Because the portfolio focuses primarily on short-duration, high-quality securities, the ETF generally exhibits lower volatility than longer-duration bond funds or strategies with greater exposure to lower-quality credit.

History and evolution of the ETF

The AdvisorShares Sage Core Reserves ETF was launched in 2023 with the objective of providing investors with a liquid, actively managed solution focused on capital preservation and short-term fixed-income exposure.

Since inception, the fund has become part of the growing segment of ETFs designed for cash management and defensive portfolio positioning, reflecting increased investor interest in higher-rate environments.

In recent years, short-term fixed-income markets have attracted greater attention as Federal Reserve rate cycles reshaped yield opportunities, supporting demand for investment vehicles focused on liquidity, stability, and income generation.

Additional Information

AdvisorShares Sage Core Reserves ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $8.03 million.

Over the past 12 months, AdvisorShares Sage Core Reserves ETF recorded a return of -, with its price trading between $29.57 and $34.72 during the same period.

The ETF is traded under the ticker HOLD.