AdvisorShares Focused Equity ETF (NYSE:CWS) is an actively managed exchange-traded fund that aims to achieve long-term capital appreciation. It operates by selecting a concentrated portfolio of U.S. equities, focusing primarily on companies that the fund's management team believes are undervalued or have a strong potential for growth. The fund leverages research and analysis to pick stocks across a diverse range of sectors, aiming to provide investors with focused exposure to high-conviction investment ideas. The objective of AdvisorShares Focused Equity ETF is to outperform the broader equity market averages over a full market cycle, while also managing risk and seeking to provide shareholders with a transparent and efficient investment option.