BEDZ - AdvisorShares Hotel ETF

We’ve Reserved a Space Just for You

The only ETF investing exclusively in the global hotel and travel-related services.

Symbol Exchange Inception Date CUSIP Indicative Value
BEDZ NYSE Arca 4/20/2021 00768Y396 BEDZ.IV
<strong>Why Invest in BEDZ?</strong>
  • Long-Term Secular Trend – Since the advent of modern tourism in the 1950’s, international travel has grown 57-fold, as measured by international arrivals data.
  • Global Opportunity – Many of the largest U.S.-based hotel chains and lodging choices have an overseas presence to capture potential new revenue streams. Also, global travel and tourism has contributed over 10% to global GDP.1
  • Benefit of ETF Structure – ETFs offer benefits including tax efficiency, transparency, intraday liquidity, risk management and the ability to use limit orders.
  • Pent-Up Demand – As we move past COVID, 88% of U.S. consumers are ready to return to travel, both for business and leisure. 2 U.S. hotel demand for 2021 is forecast to be at 76% of 2019’s level, while making a full recovery in 2023.3
<strong>Where Can BEDZ Fit in a Traditional Portfolio?</strong>

BEDZ can serve as an alpha-seeking complement to a broad-based equity allocation, offering dedicated exposure solely to the hotel industry and travel-related services.

<strong>Key Attributes</strong>
  • Only ETF Dedicated Solely to the Hotel Industry – Offers focused exposure to the global hotel and lodging industry as well as its related services.
  • Thematic Diversification – Provides an investment in multiple hotel and travel-related equity securities in a single trade.
  • Alpha Opportunity – Allows you to shift your portfolio based on economic cycles, to capture potential value from secular or cyclical trends in the industry – offering exposure when you want it.
<strong>About the Portfolio Manager</strong>

Dan Ahrens, Portfolio Manager
Mr. Ahrens is a Managing Director and the Chief Operating Officer of AdvisorShares. He is the portfolio manager of the Pure US Cannabis ETF (ticker: MSOS) – the first and only ETF to offer exclusive US-exclusive cannabis exposure – the Pure Cannabis ETF (ticker: YOLO), and the Vice ETF (ticker: VICE). 

He carries over two decades of experience in the financial services industry serving in a variety of senior-level capacities and is the author of Investing in Cannabis (Wiley, 2020) and Investing in Vice (St. Martin’s Press, 2004). Additionally, Mr. Ahrens has appeared on numerous financial programs including CNBC, CNN, Fox Business, ABC News and Bloomberg and has been featured, along with funds under his management in major national and trade publications including The Economist, the New York Times, Financial Times, and The Wall Street Journal.

Click on the above slides to expand the slide view.

BEDZ Overview

Get a quick and easy introduction to the BEDZ ETF.  

MSOS Overview from Dan Ahrens

Get an introduction to the MSOS ETF directly from the portfolio manager, Dan Ahrens.

Fund

Price History

As of 12/1/2021

NAV $23.34 Closing Price $23.28
Change $-0.80 Close Change $-0.80
Shares Outstanding 375,000 Volume 5103
4PM Bid/Offer Midpoint $23.30 Premium Discount $-0.04
Assets Under Management $8,753,275.62 30-Day Median bid-ask Spread 0.2477292
Premium/Discount Historical Data | NAV Historical Data | Daily Premium/Discount Historical Data

Shares are bought and sold at market price (closing price) not NAV and are not individually redeemed from the Fund. Market price returns are based on the midpoint of the bid/ask spread at 4:00 pm Eastern Time (when NAV is normally determined), and do not represent the return you would receive if you traded at other times.

FUND

Characteristics

As of 9/30/2021

BEDZ Country Allocation

Source: Morningstar & AdvisorShares

BEDZ Market Capitalization

FUND

Performance

As of 10/31/2021

  NAV Market Price Return S&P 500 Index
1 Month 3.33 3.35 7.01
3 Months 13.25 13.2 5.13
Since Inception (4/20/2021) 7.9 7.89 12.18

As of 9/30/2021

 

  NAV Market Price Return S&P 500 Index
1 Month 4.68 4.74 -4.65
3 Months 3.59 3.38 0.58
Since Inception (4/20/2021) 4.43 4.4 4.84

Performance data quoted represents past performance and is no guarantee of future results. All Fund data and performance data quoted is believed to be accurate, and unless otherwise stated, is sourced from the Fund administrator, the Advisor’s or Sub-Advisor’s proprietary data, and Morningstar. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. The S&P 500 Index is a broad-based, unmanaged measurement of changes in stock market conditions based on the average of 500 widely held common stocks. One cannot invest directly in an index.

Fund

Holdings

As of

Excel    CSV

Date Account Symbol Stock Ticker Security Number Security Description Shares/Par (Full) Price (Base) Traded Market Value (Base) Portfolio Weight % Asset Group
12/01/2021 BEDZ BVH 096308101 BLUEGREEN VACATIONS HOLDING 23,817.00 29.15 694,265.55 7.93% S
CHH 169905106 CHOICE HOTELS INTL INC 3,965.00 140.07 555,377.55 6.35% S
GDEN 381013101 GOLDEN ENTERTAINMENT INC 12,588.00 43.77 550,976.76 6.30% S
FLL 359678109 FULL HOUSE RESORTS INC 56,739.00 8.76 497,033.64 5.68% S
GLPI 36467J108 GAMING AND LEISURE PROPERTIE 11,051.00 44.74 494,421.74 5.65% S
CNTY 156492100 CENTURY CASINOS INC 38,747.00 12.66 490,537.02 5.60% S
BYD 103304101 BOYD GAMING CORP 8,382.00 56.7 475,259.40 5.43% S
WH 98311A105 WYNDHAM HOTELS & RESORTS INC 6,051.00 76.42 462,417.42 5.28% S
MCRI 609027107 MONARCH CASINO & RESORT INC 6,671.00 65.03 433,815.13 4.96% S
VICI 925652109 VICI PROPERTIES INC 15,114.00 26.75 404,299.50 4.62% S
ABNB 009066101 AIRBNB INC-CLASS A 2,352.00 163.08 383,564.16 4.38% S
IHG 45857P806 INTERCONTINENTAL HOTELS-ADR 6,008.00 59.46 357,235.68 4.08% FS
TH 87615L107 TARGET HOSPITALITY CORP 83,256.00 3.54 294,726.24 3.37% S
PLYA N70544106 PLAYA HOTELS & RESORTS NV 42,964.00 6.84 293,873.76 3.36% FS
PENN 707569109 PENN NATIONAL GAMING INC 5,514.00 47.86 263,900.04 3.02% S
RRR 75700L108 RED ROCK RESORTS INC-CLASS A 5,078.00 45.89 233,029.42 2.66% S
NCLH G66721104 NORWEGIAN CRUISE LINE HOLDIN 11,825.00 17.79 210,366.75 2.40% FS
MTN 91879Q109 VAIL RESORTS INC 585 329.84 192,956.40 2.20% S
MAR 571903202 MARRIOTT INTERNATIONAL -CL A 1,260.00 142.5 179,550.00 2.05% S
EXPE 30212P303 EXPEDIA GROUP INC 1,091.00 155.66 169,825.06 1.94% S
DIS 254687106 WALT DISNEY CO/THE 1,170.00 142.15 166,315.50 1.90% S
HLT 43300A203 HILTON WORLDWIDE HOLDINGS IN 1,222.00 129.96 158,811.12 1.81% S
BKNG 09857L108 BOOKING HOLDINGS INC 75 2,067.01 155,025.75 1.77% S
CCL 143658300 CARNIVAL CORP 7,858.00 16.38 128,714.04 1.47% FS
TNL 894164102 TRAVEL + LEISURE CO 2,642.00 47.15 124,570.30 1.42% S
VAC 57164Y107 MARRIOTT VACATIONS WORLD 615 146.99 90,398.85 1.03% S
RCL V7780T103 ROYAL CARIBBEAN CRUISES LTD 1,321.00 64.27 84,900.67 0.97% FS
HGV 43283X105 HILTON GRAND VACATIONS INC 1,818.00 45.35 82,446.30 0.94% S
H 448579102 HYATT HOTELS CORP - CL A 839 77.83 65,299.37 0.75% S
X9USDBLYT BLACKROCK TREASURY TRUST INSTL 62 75,186.58 1 75,186.58 0.86% MM
CASH -16,108.79 100 -16,108.79 -0.18% CA
Holdings and allocations are subject to risks and to change. A holding identified with an “MM” at the end of its name indicates it is a Money Market fund.

FUND

Fees & Expenses

 

Management Fee 0.60%
Other Expenses 6.00%
Total Annual Operating Expenses  6.60%
Fee Waiver/Expense Reimbursement* -5.61%
Total Annual Operating Expenses After Fee Waiver/Expense Reimbursement 0.99%

The Advisor has contractually agreed to reduce its fees and/or reimburse expenses to keep net expenses (excluding amounts payable pursuant to any plan adopted in accordance with Rule 12b-1, interest expense, taxes, brokerage commissions, acquired fund fees and expenses, other expenditures which are capitalized in accordance with generally accepted accounting principles, and extraordinary expenses) from exceeding 0.99% of the Fund’s average daily net assets for at least one year from the date of the Prospectus.

  • Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus, a copy of which may be obtained by visiting the Fund’s website at www.AdvisorShares.com. Please read the prospectus carefully before you invest. Foreside Fund Services, LLC, Distributor. 
  •    
  • Investing involves risk including possible loss of principal. The hotels, restaurants & leisure industry is highly competitive and relies heavily on consumer spending for success. The prices of securities of companies in the industry may fluctuate widely due to general economic conditions, consumer spending and the availability of disposable income, changing consumer tastes and preferences and consumer demographics, in addition may be affected by the availability and expense of liability insurance. Legislative or regulatory changes and increased government supervision.     
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    Companies in the hotels, resorts & cruise lines sub-industry may be affected by unique supply and demand factors that do not apply to other sub-industries. Weak economic conditions in some parts of the world, changes in oil prices and currency values, political instability in some areas, and the uncertainty over how long any of these conditions could continue may have a negative impact on the lodging industry. As a result of such current economic conditions and uncertainty caused by the COVID-19 pandemic, the lodging industry may continue to experience weakened demand for occupancy in some markets   
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  • While limit orders do not guarantee execution, they ensure that an investor will not pay more than a pre-determined price for a stock.
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    DEFINITIONS: 
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  • ADR: An American Depositary Receipt (ADR) is a negotiable U.S. Security that generally represents a company’s publicly traded equity or debt. Depositary Receipts are created when a broker purchases a non-U.S. company’s shares on its home stock market and delivers the shares to the depositary’s local custodian bank, and then instructs the depositary bank to issue Depositary Receipts. 
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  • Alpha: Alpha, one of the most commonly quoted indicators of investment performance, is defined as the excess return on an investment relative to the return on a benchmark index.   
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  • Intraday Liquidity: Because they trade on an exchange, ETFs are continuously priced and can be bought and sold throughout the day when markets are open.
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  • Limit Order: A limit order sets the maximum price at which you’re willing to buy or the minimum price at which you’re willing to sell. A limit orders targets a specified price, but does not guarantee execution.
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