0001144204-12-065129 Sample Contracts

Code of Ethics: First Affirmative Employees
Code of Ethics • November 28th, 2012 • AdvisorShares Trust

The purpose of this agreement is to outline the responsibilities of any and all employees of First Affirmative Financial Network, LLC (First Affirmative). These responsibilities apply not only to client accounts and client information but also to the AdvisorShares GlobalEcho Fund (Fund), a Securities Act of 1940 fund which First Affirmative sub-advises.

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