BEDZ vs. CGRO ETF Comparison

Comparison of AdvisorShares Hotel ETF (BEDZ) to CoreValues Alpha Greater China Growth ETF (CGRO)

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

$32.51

Average Daily Volume

257

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CGRO

CoreValues Alpha Greater China Growth ETF

CGRO Description

CGRO aims to benefit from high-growth sectors in Greater China without compromising American values and interests. The fund includes companies of all sizes located or primarily traded in mainland China, Taiwan, and Chinas special administrative regions, such as Hong Kong. The portfolio construction starts with top-down macro research, which utilizes publicly available data to identify sectors with the highest growth potential. The fund also conducts on-the-ground due diligence wherein it gains insights from 15 investment professionals located in China. Lastly, a fundamental bottom-up approach is used to analyze company-specific data such as financial reports and management expertise. The weight of each sector and company is determined by the sub-advisers assessment of its growth potential, which may change over time. The fund may invest in China A-shares, depositary receipts, and issuers listed on exchanges outside China.

Grade (RS Rating)

Last Trade

$22.76

Average Daily Volume

669

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEDZ	CGRO
30 Days	7.06%	-1.94%
60 Days	15.42%	18.66%
90 Days	20.17%	16.63%
12 Months	26.82%	8.95%

1 Overlapping Holdings

	Symbol	Grade	Weight in BEDZ	Weight in CGRO	Overlap
	TCOM	C	5.37%	7.74%	5.37%

BEDZ Overweight 22 Positions Relative to CGRO

Symbol	Grade	Weight
NCLH	B	6.03%
RCL	A	5.45%
BKNG	A	5.35%
CCL	B	5.26%
EXPE	B	5.01%
RHP	B	4.64%
TH	C	4.49%
PEB	F	4.42%
INN	D	4.14%
PK	C	4.12%
BYD	A	4.1%
VICI	D	4.05%
MAR	A	4.01%
MCRI	A	3.97%
WH	A	3.92%
HST	D	3.82%
APLE	B	3.32%
HLT	A	2.86%
GLPI	D	2.8%
XHR	B	2.7%
IHG	A	2.63%
H	B	2.13%

BEDZ Underweight 9 Positions Relative to CGRO

Symbol	Grade	Weight
PDD	F	-9.71%
BEKE	C	-4.87%
BABA	D	-3.66%
YMM	C	-3.0%
TME	F	-2.65%
BIDU	F	-2.15%
LI	F	-1.27%
BILI	C	-0.92%
NTES	C	-0.35%

BEDZ: Top Represented Industries & Keywords

Industries: REIT - Hotel & Motel Leisure Lodging REIT - Diversified Resorts & Casinos Conglomerates Travel Services