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4-Star
Morningstar Rated

Overall Morningstar Rating. Consumer Cyclical. Based on risk-adjusted return out of 47 funds in the Consumer Cyclical category as of April 30th, 2024.

BEDZ - AdvisorShares Hotel ETF

We’ve Reserved a Space Just for You

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

Symbol Exchange Inception Date CUSIP Indicative Value Options
BEDZ NYSE Arca 4/20/2021 00768Y396 BEDZ.IV Available
<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
<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 Actively Managed ETF Dedicated Solely to the Hotel Industry and Travel-Related Services – 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 several AdvisorShares ETFs MSOS 2x Daily ETF (ticker: MSOX), 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), Hotel ETF (ticker: BEDZ), and Restaurant ETF (ticker: EATZ). 

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.

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BEDZ Overview

Get a quick and easy introduction to the BEDZ ETF.  

BEDZ Overview from Dan Ahrens

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

Fund

Price History

Fund Data

5/17/2024
NAV $28.20
Change $-0.19
Shares Outstanding 120,000
Assets Under Management $3,384,247.35

 

 

 

 

Market Data

5/17/2024
Closing Price $28.18
Close Change $-0.21
Volume 193

Regulatory Data

5/17/2024
Premium Discount $0.0000
30-Day Median bid-ask Spread 28.20
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 4/30/2024

BEDZ Country Allocation

Source: Morningstar & AdvisorShares

BEDZ Market Capitalization

FUND

Performance

As of 4/30/2024

  NAV Market Price Return S&P 500 Index
1 Month -6.12 -6.11 -4.08
3 Months 2.26 2.21 4.29
YTD 1.32 1.29 6.04
1 Year 17.68 17.71 22.66
3 Year 4.17 4.02 8.06
Since Inception (4/20/2021) 5.86 5.85 8.40

As of 3/31/2024

 

  NAV Market Price Return S&P 500 Index
1 Month 3.52 3.76 3.22
3 Months 7.92 7.89 10.56
YTD 7.92 7.89 10.56
1 Year 24.95 25.01 29.88
Since Inception (4/20/2021) 8.32 8.31 10.19

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 ID Security Description Shares Share Price Market Value Portfolio Weight Asset Group
05/17/2024 BEDZ BKNG 09857L108 BOOKING HOLDINGS INC 47 3,708.35 174,292.45 5.15% S
XHR 984017103 XENIA HOTELS & RESORTS INC 11,780 14.69 173,048.20 5.11% S
EXPE 30212P303 EXPEDIA GROUP INC 1,517 114.01 172,953.17 5.11% S
TH 87615L107 TARGET HOSPITALITY CORP 14,589 11.41 166,460.49 4.92% S
RCL V7780T103 ROYAL CARIBBEAN CRUISES LTD 1,100 141.92 156,112.00 4.61% FS
HTHT 44332N106 H WORLD GROUP LTD-ADR 3,760 41.33 155,400.80 4.59% FS
APLE 03784Y200 APPLE HOSPITALITY REIT INC 10,447 14.61 152,630.67 4.51% S
HST 44107P104 HOST HOTELS & RESORTS INC 8,234 18.42 151,670.28 4.48% S
PK 700517105 PARK HOTELS & RESORTS INC 9,119 16.32 148,822.08 4.40% S
TCOM 89677Q107 TRIP.COM GROUP LTD-ADR 2,596 56.83 147,530.68 4.36% FS
RHP 78377T107 RYMAN HOSPITALITY PROPERTIES 1,399 105.37 147,412.63 4.36% S
VICI 925652109 VICI PROPERTIES INC 4,794 30.38 145,641.72 4.30% S
MGM 552953101 MGM RESORTS INTERNATIONAL 3,409 41.03 139,871.27 4.13% S
MAR 571903202 MARRIOTT INTERNATIONAL -CL A 586 237.73 139,309.78 4.12% S
BYD 103304101 BOYD GAMING CORP 2,453 55.01 134,939.53 3.99% S
HLT 43300A203 HILTON WORLDWIDE HOLDINGS IN 659 204.19 134,561.21 3.98% S
RLJ 74965L101 RLJ LODGING TRUST 11,780 10.37 122,158.60 3.61% S
WH 98311A105 WYNDHAM HOTELS & RESORTS INC 1,657 70.99 117,630.43 3.48% S
TRIP 896945201 TRIPADVISOR INC 6,116 18.1 110,699.60 3.27% S
PLYA N70544106 PLAYA HOTELS & RESORTS NV 12,900 8.33 107,457.00 3.18% FS
GLPI 36467J108 GAMING AND LEISURE PROPERTIE 2,074 46.04 95,486.96 2.82% S
H 448579102 HYATT HOTELS CORP - CL A 559 149.05 83,318.95 2.46% S
IHG 45857P806 INTERCONTINENTAL HOTELS-ADR 783 100.45 78,652.35 2.32% FS
HGV 43283X105 HILTON GRAND VACATIONS INC 1,720 42 72,240.00 2.13% S
GHG 39579V100 GREENTREE HOSPITALITY GR-ADR 19,291 3.24 62,502.84 1.85% FS
ABNB 009066101 AIRBNB INC-CLASS A 390 145.66 56,807.40 1.68% S
MCRI 609027107 MONARCH CASINO & RESORT INC 760 67.3 51,148.00 1.51% S
X9USDBLYT BLACKROCK TREASURY TRUST INSTL 62 26,201.97 1 26,201.97 0.77% MM
CASH -40,801.53 100 -40,801.53 -1.21% 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%
Total Annual Operating Expenses 2.41%
Fee Waiver/Expense Reimbursement* -1.41%
Total Annual Operating Expenses After Fee Waiver/Expense Reimbursement 1.00%

*The Advisor has contractually agreed to keep net expenses from exceeding 0.99% of the Fund’s average daily net assets for at least one year from the date of the prospectus. For more information, please read the full prospectus.

Last Ten

Fund Distributions

  • 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.     
  •    
    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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  • The industry information presented above is for informational purposes only and may not be reflective of an investment in the Fund.  
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  • 1 World Travel & Tourism Council; based on 2019 GDP
  • 2 Longwoods International
  • The Morningstar Rating™ for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results. 

 

  • ©2024 Morningstar, Inc. All Rights Reserved. Morningstar and/or its content providers are the proprietors of this information; do not permit its unauthorized copying or distribution; do not warrant it to be accurate, complete or timely; and are not responsible for damages or losses arising from its use.  Past performance is no guarantee of future results. 

 

  • BEDZ received four stars for the overall rating among 47 funds, four stars for the 3-year rating among 47 funds in Morningstar’s Consumer Cyclical category as of April 30th, 2024. 

 

  • DEFINITIONS: 
  •  
  • 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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