VEGAAdvisorShares STAR Global Buy-Write ETF
Seeks consistent repeatable returns across all market cycles.
By AdvisorShares · Launched 2012
1.25%
#5,507 of 5,861 · expensive
$89M
#3,103 of 5,861 · mid-size
1.25%
13 years
#1,010 of 5,861 · established
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 123.8% of fund✓ diversified through underlying funds
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks consistent repeatable returns across all market cycles.
- Strategy
- Actively manages a fund of funds that invests globally in ETFs and ETNs tracking diversified global indices and sectors. Utilizes covered call writing and other options strategies to reduce volatility and enhance returns.
- Inception date
- September 17, 2012
- Fund family
- AdvisorShares
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
The big yield isn't extra money
The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.
Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04