BEDZ vs. AREA ETF Comparison

Comparison of AdvisorShares Hotel ETF (BEDZ) to Harbor AlphaEdge Next Generation REITs ETF (AREA)
BEDZ

AdvisorShares Hotel ETF

BEDZ Description

The investment seeks long-term capital appreciation. The fund is an actively ETF that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from the hotel business. It may also invest in companies involved in other lodging and travel-related services. The fund invests primarily in U.S. exchange listed equity securities, including common and preferred stock and ?ADRs. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.77

Average Daily Volume

295

Number of Holdings *

23

* may have additional holdings in another (foreign) market
AREA

Harbor AlphaEdge Next Generation REITs ETF

AREA Description AREA targetsNext Generation REITs through a proprietary rules-based methodology. Instead of traditional office, multi-family, retail, and industrial REITs, the fund favors non-traditional REITs (e.g., data center, gaming, healthcare & life sciences, hotel & motel, manufactured homes, and self-storage). From an index universe of 3,000 US-listed securities, the fund relies on FactSets RBICS sub-industry classification in filtering Next-Gen REITs. Each qualified company is scored across five factor composites (capital deployment, momentum, quality, risk, and valuation) for a combined stock selection score based on prevailing business cycle regimes. The index provider then selects and weights securities using an optimizer that measures the risk-adjusted returns of the portfolio against a benchmark with similar holdings. The fund holds between 35 and 70 REITs, subject to certain capping limits. The index is reconstituted and rebalanced monthly.

Grade (RS Rating)

Last Trade

$19.86

Average Daily Volume

229

Number of Holdings *

34

* may have additional holdings in another (foreign) market
Performance
Period BEDZ AREA
30 Days 3.36% -4.09%
60 Days 7.99%
90 Days 16.99%
12 Months 33.80%
6 Overlapping Holdings
Symbol Grade Weight in BEDZ Weight in AREA Overlap
GLPI D 2.8% 0.48% 0.48%
HST D 3.85% 5.36% 3.85%
INN F 4.2% 1.03% 1.03%
PK F 4.07% 1.61% 1.61%
VICI D 4.11% 3.23% 3.23%
XHR C 2.75% 0.25% 0.25%
BEDZ Overweight 17 Positions Relative to AREA
Symbol Grade Weight
NCLH A 5.76%
RCL B 5.58%
CCL A 5.28%
TCOM A 5.16%
BKNG A 4.94%
EXPE B 4.92%
RHP B 4.65%
PEB F 4.54%
TH F 4.38%
BYD A 4.28%
MAR A 4.1%
MCRI A 4.02%
WH A 3.93%
APLE C 3.4%
HLT A 2.91%
IHG B 2.66%
H D 2.32%
BEDZ Underweight 28 Positions Relative to AREA
Symbol Grade Weight
LAMR B -7.21%
WY D -6.92%
AMT D -6.47%
SBAC D -6.22%
CUBE D -5.19%
IRM B -4.04%
EPR D -3.74%
SBRA B -3.68%
RYN C -3.62%
ELS D -3.57%
DRH D -3.42%
EXR D -2.94%
SHO D -2.86%
NHI C -2.73%
OHI B -2.57%
DOC C -2.52%
PSA D -2.51%
LAND F -2.34%
CCI D -2.15%
LTC A -1.74%
OUT C -1.4%
NSA D -1.17%
VTR B -0.99%
INVH F -0.93%
DHC D -0.49%
SILA C -0.34%
BHR D -0.3%
WELL A -0.27%
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