{
 "ticker": "HVAC",
 "name": "AdvisorShares HVAC and Industrials ETF",
 "issuer": "AdvisorShares",
 "desk": "themes",
 "url": "https://etfiq.com/funds/hvac",
 "html": "https://etfiq.com/funds/hvac",
 "markdown": "https://etfiq.com/funds/hvac.md",
 "as_of": "2026-09-18",
 "verdict": "HVAC holds 22 stocks, and 44% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "55.8%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "HVAC, already in the S&P 500: 55.8%, as of Sep 18, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "97.5%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "HVAC, active share vs the S&P 500: 97.5%, as of Sep 18, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "56.3%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "HVAC, top ten holdings: 56.3%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+8.6%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "HVAC, total return, 1 year: +8.6%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$14m",
   "source": "issuer page, as of Sep 18, 2026",
   "as_of": "2026-09-18",
   "sentence": "HVAC, net assets: $14m (issuer page, as of Sep 18, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.00%",
   "source": "485BPOS XBRL, Oct 28, 2025",
   "as_of": "2026-09-18",
   "sentence": "HVAC, expense ratio: 1.00% (485BPOS XBRL, Oct 28, 2025)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Cooling and thermal management",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Feb 4, 2025",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "55.8%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "97.5%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "56.3%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "22",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "STERLING INFRASTRUCTURE INC 8.6%, COMFORT SYSTEMS USA INC 7.2%, JABIL INC 6.0%, AMPHENOL CORP 5.5%, CATERPILLAR INC 5.0%, VERTIV HOLDINGS COMPANY 4.9%, CURTISS-WRIGHT CORP 4.8%, TRANE TECHNOLOGIES PLC 4.8%, BLOOM ENERGY CORP 4.8%, NVENT ELECTRIC PLC 4.7%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$14m",
   "source": "issuer page, as of Sep 18, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221222.4%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.00%",
   "source": "485BPOS XBRL, Oct 28, 2025"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "1.03%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "AIPO 25%, VOLT 24%, IVEP 24%, MADE 22%, TCAI 18%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u221220.4%",
   "S&P 500": "+2.3%",
   "Gap to S&P 500": "\u221222.7 pts",
   "Gap to Nasdaq-100": "\u221217.9 pts"
  },
  {
   "window": "6 months",
   "Total return": "+0.5%",
   "S&P 500": "+18.0%",
   "Gap to S&P 500": "\u221217.5 pts",
   "Gap to Nasdaq-100": "\u221223.8 pts"
  },
  {
   "window": "1 year",
   "Total return": "+8.6%",
   "S&P 500": "+16.6%",
   "Gap to S&P 500": "\u22127.9 pts",
   "Gap to Nasdaq-100": "\u221213.1 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+34.3%",
   "S&P 500": "+29.1%",
   "Gap to S&P 500": "+5.2 pts",
   "Gap to Nasdaq-100": "\u22124.3 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of HVAC is in S&P 500 companies?",
   "a": "By its holdings filed for Jun 30, 2026, 56% of HVAC by weight is stocks the S&P 500 already holds. Its active share against the index is 98%, so that share is the part doing something different."
  },
  {
   "q": "What does HVAC hold?",
   "a": "22 positions as filed for Jun 30, 2026, with the top ten at 56% of the fund. The largest are STERLING INFRASTRUCTURE INC at 8.6%, COMFORT SYSTEMS USA INC at 7.2%, JABIL INC at 6.0%."
  },
  {
   "q": "Has HVAC beaten the S&P 500?",
   "a": "Over the year to Sep 18, 2026 HVAC returned +8.6% with distributions reinvested, against +16.6% for the S&P 500, so it finished behind the index by 7.9 points."
  },
  {
   "q": "What does HVAC cost?",
   "a": "The prospectus expense ratio is 1.00% a year. Because 98% of the fund differs from the S&P 500, the fee on that differing part works out at 1.03%."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}