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VEGA

GradeCNew York Stock Exchange Arca

AdvisorShares STAR Global Buy-Write ETF

Option Income · AdvisorShares · Inception 2012-09-17 · SEC filings

$52.78−0.48 (−0.90%)

As of Sep 23, 2026, 2:49 PM EDT

Intraday session: down, 7 prints from 53.26 to 52.78. Range 52.78 to 53.26. Use the arrow keys to read each point.$53.00$53.2010 AM12 PM2 PM4 PM
Expense ratio
1.25%
Fund size
$94M
1Y return
+11.1%
Yield · Last 12 months
1.24%
Holdings
13
Volume · 30D
0M sh
NAV per share
$52.64
52W range
low $47.16high $53.65

The ETF.net VEGA Grade

C

41/ 100

Rank 31 of 51 in Active Option Income⁠

Confidence Medium

Six-pillar profile for VEGA. Scores out of 100: Cost 14, Risk 71, Mission not scored, Tradability 65, Holdings 31, Durability 74. Strongest: Durability (74). Weakest: Cost (14). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 14
    Category rank44/51 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 71
    Category rank10/45 · top 22%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 65
    Category rank16/51 · top 31%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    DScore 31
    Category rank38/42 · bottom quartile

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 74
    Category rank11/51 · top 22%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on VEGA

ETF.net Research

CThe options-income aisle's odd duck: a 2012-vintage global fund-of-funds that allocates across ETFs worldwide, then writes options on top to chase upside and soften the ride. Two active decisions in one ticker.

Stated mandate

The Fund seeks consistent, repeatable returns across market cycles through an actively managed global fund-of-funds approach. It allocates among ETPs and sometimes individual securities while using options to pursue appreciation and reduce portfolio volatility.

Why people hold it

  1. 01A fund-of-funds with an options overlay: the manager sets the global ETP mix and the options written on top, all inside one ticker.advisorshares.com
  2. 02Live since 2012, so its record spans several full market cycles.
  3. 03Global by mandate and measured against the MSCI All Country World Index, so the yardstick is world stocks, not the S&P 500.
  4. 04Options do double duty here: pursuing appreciation and reducing portfolio volatility, rather than maximizing a headline payout.

Worth knowing

  1. 01The 1.25% expense ratio sits above the 0.95% cohort median, and peers like PAPI (0.29%) and DIVO (0.56%) charge a fraction of it.
  2. 02Thinly traded, so spreads and order timing matter more here than in the category's household names.
  3. 03Distributions are paid at least annually, not monthly, so the design leans on total return over a steady income drip.advisorshares.com

VEGA Holdings

As of Sep 20, 2026, 6:06 AM
Asset class
Stocks
Holdings
13
Top-10 weight
100%
Largest holding
SPY41.3%

Sectors

Geography

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SPYSS SPDR S&P 500 ETF TRUST-US41.32%50,972$39M38
002IUSBISHR CR UNVRSE USD BD ETF-UI16.47%345,701$15M1
003EFAISHARES MSCI EAFE ETF10.74%96,142$10M7
004DYNFISHRS US E F R A ETF-USD INC7.52%102,058$7M1
005GOVTISHARES US TREASURY BOND ETF5.95%252,821$6M2
006EEMISHARES MSCI EMERGING MARKET5.34%74,812$5M6
007IWPISHARES RUSSELL MID-CAP GROW3.86%26,488$4M2
008MBBISHARES MBS ETF3.64%37,505$3M15
009—BLACKROCK LIQUIDITY T 603.50%3,292,432$3M1
010IAUISHARES GOLD TRUST1.68%19,185$2M5
011—SPY US 11/20/26 P6100.03%209$24K1

Showing 1–11 of 11 holdings

VEGA Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

VEGA$11,108
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. VEGA $11,108. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for VEGA. Periods over one year show the average yearly return.
PeriodVEGA
Year to date+8.5%
1 month+0.1%
3 months+1.4%
1 year+11.1%
3 years+14.6%per year
5 years+7.2%per year
10 years+7.8%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for VEGA
YearReturn barVEGA
2026 YTD+8.5%
2025+15.8%
2024+11.2%
2023+15.1%
2022−15.0%
2021+12.3%
2020+8.4%

VEGA in the news

ETF.net Research hasn’t filed on VEGA yet — coverage lands here as it’s written.

VEGA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.24%Last 12 months
Payout per share
$0.66Last 12 months
Last payment
$0.66 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 8 payments from 2017 to 2026 YTD. Dec 27, 2018 $0.13; Dec 27, 2019 $0.15; Dec 24, 2020 $0.11; Dec 23, 2021 $0.23; Dec 23, 2022 $0.65; Dec 26, 2023 $0.44; Dec 23, 2024 $0.45; Dec 22, 2025 $0.66. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 29, 2025$0.66
Dec 23, 2024Dec 30, 2024$0.45
Dec 26, 2023Dec 29, 2023$0.44
Dec 23, 2022Dec 30, 2022$0.65
Dec 23, 2021Dec 31, 2021$0.23
Dec 24, 2020Dec 31, 2020$0.11
Dec 27, 2019Dec 31, 2019$0.15
Dec 27, 2018Dec 31, 2018$0.13
Dec 28, 2016Jan 4, 2017$0.22
Dec 27, 2012Jan 3, 2013$0.20

VEGA Risk

How much the fund’s monthly returns vary, scaled to a year.
8.9%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.96
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.8%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.70
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

VEGA Cost

Expense ratio1.25%
  • The middle half of Active Option Income funds
  • Median 0.95%

41 of the 47 Active Option Income funds charge less.

VEGA costs $125.00 a year on $10,000. The median Active Option Income fund costs $95.00.