BEDZ - AdvisorShares Hotel ETF
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The only ETF investing exclusively in the global hotel and travel-related services.
|Symbol||Exchange||Inception Date||CUSIP||Indicative Value||Options|
<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.
- 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.
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.
|Assets Under Management||$5,336,602.09|
|30-Day Median bid-ask Spread||0.27|
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.
As of 3/31/2022
BEDZ Country Allocation
Source: Morningstar & AdvisorShares
BEDZ Market Capitalization
As of 4/30/2022
|NAV||Market Price Return||S&P 500 Index|
|Since Inception (4/20/2021)||2.87||2.87||1.32|
As of 3/31/2022
|NAV||Market Price Return||S&P 500 Index|
|Since Inception (4/20/2021)||9.16||9.02||11.04|
|Date||Account Symbol||Stock Ticker||Security Number||Security Description||Shares/Par (Full)||Price (Base)||Traded Market Value (Base)||Portfolio Weight %||Asset Group|
|05/20/2022||BEDZ||TH||87615L107||TARGET HOSPITALITY CORP||83,642.00||6.09||509,379.78||9.55%||S|
|BVH||096308101||BLUEGREEN VACATIONS HOLDING||15,785.00||24.31||383,733.35||7.19%||S|
|RRR||75700L108||RED ROCK RESORTS INC-CLASS A||9,691.00||37.22||360,699.02||6.76%||S|
|GLPI||36467J108||GAMING AND LEISURE PROPERTIE||5,973.00||44.46||265,559.58||4.98%||S|
|MCRI||609027107||MONARCH CASINO & RESORT INC||3,910.00||66.13||258,568.30||4.85%||S|
|ABNB||009066101||AIRBNB INC-CLASS A||2,170.00||112.55||244,233.50||4.58%||S|
|GDEN||381013101||GOLDEN ENTERTAINMENT INC||5,730.00||42.5||243,525.00||4.56%||S|
|BYD||103304101||BOYD GAMING CORP||4,424.00||55.01||243,364.24||4.56%||S|
|MAR||571903202||MARRIOTT INTERNATIONAL -CL A||1,553.00||155.23||241,072.19||4.52%||S|
|CHH||169905106||CHOICE HOTELS INTL INC||1,917.00||122.39||234,621.63||4.40%||S|
|WH||98311A105||WYNDHAM HOTELS & RESORTS INC||2,756.00||74.62||205,652.72||3.85%||S|
|H||448579102||HYATT HOTELS CORP - CL A||2,503.00||80.65||201,866.95||3.78%||S|
|EXPE||30212P303||EXPEDIA GROUP INC||1,515.00||124.59||188,753.85||3.54%||S|
|VICI||925652109||VICI PROPERTIES INC||6,518.00||28.95||188,696.10||3.54%||S|
|PLYA||N70544106||PLAYA HOTELS & RESORTS NV||21,784.00||7.95||173,182.80||3.25%||FS|
|FLL||359678109||FULL HOUSE RESORTS INC||26,649.00||6.38||170,020.62||3.19%||S|
|CNTY||156492100||CENTURY CASINOS INC||20,956.00||8.09||169,534.04||3.18%||S|
|VAC||57164Y107||MARRIOTT VACATIONS WORLD||894||135.85||121,449.90||2.28%||S|
|NCLH||G66721104||NORWEGIAN CRUISE LINE HOLDIN||7,826.00||15.3||119,737.80||2.24%||FS|
|PENN||707569109||PENN NATIONAL GAMING INC||3,650.00||31.79||116,033.50||2.17%||S|
|BKNG||09857L108||BOOKING HOLDINGS INC||49||2,115.90||103,679.10||1.94%||S|
|HLT||43300A203||HILTON WORLDWIDE HOLDINGS IN||793||130.28||103,312.04||1.94%||S|
|MTN||91879Q109||VAIL RESORTS INC||377||234.09||88,251.93||1.65%||S|
|HGV||43283X105||HILTON GRAND VACATIONS INC||1,996.00||41.5||82,834.00||1.55%||S|
|TNL||894164102||TRAVEL + LEISURE CO||1,746.00||47.38||82,725.48||1.55%||S|
|RCL||V7780T103||ROYAL CARIBBEAN CRUISES LTD||863||55.41||47,818.83||0.90%||FS|
|X9USDBLYT||BLACKROCK TREASURY TRUST INSTL 62||39,269.42||1||39,269.42||0.74%||MM|
|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.