BEDZ vs. DFNL ETF Comparison

Comparison of AdvisorShares Hotel ETF (BEDZ) to Davis Select Financial ETF (DFNL)

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

$30.27

Average Daily Volume

409

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFNL

Davis Select Financial ETF

DFNL Description

The investment seeks long-term growth of capital. The fund's investment adviser, uses the Davis Investment Discipline to invest, under normal market conditions, at least 80% of its net assets plus any borrowings for investment purposes in securities issued by companies principally engaged in the financial services sector. The fund's portfolio, generally, contains between 15 and 35 companies. It invests, principally, in common stocks. The fund may invest in large, medium or small companies without regard to market capitalization and may invest in issuers in foreign countries, including countries with developed or emerging markets. It is non-diversified.

Grade (RS Rating)

Last Trade

$37.05

Average Daily Volume

7,745

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEDZ	DFNL
30 Days	8.27%	1.32%
60 Days	17.89%	11.51%
90 Days	9.50%	11.19%
12 Months	29.43%	41.98%

0 Overlapping Holdings

	Symbol	Grade	Weight in BEDZ	Weight in DFNL	Overlap

BEDZ Overweight 22 Positions Relative to DFNL

Symbol	Grade	Weight
TCOM	A	6.07%
NCLH	C	5.8%
RCL	B	5.53%
BYD	B	5.09%
MCRI	B	4.99%
BKNG	B	4.93%
WH	C	4.79%
XHR	A	4.6%
INN	A	4.56%
EXPE	B	4.56%
PK	D	4.48%
TH	F	4.46%
APLE	B	4.34%
VICI	C	4.34%
IHG	B	4.29%
RHP	B	4.19%
HST	D	4.13%
MAR	A	4.04%
MGM	D	3.59%
HLT	A	2.94%
GLPI	C	2.9%
H	B	2.43%

BEDZ Underweight 21 Positions Relative to DFNL

Symbol	Grade	Weight
COF	A	-8.53%
BRK.A	B	-7.29%
JPM	C	-6.05%
CB	A	-5.71%
BK	A	-5.59%
FITB	C	-5.37%
MKL	B	-5.34%
WFC	B	-4.86%
USB	C	-4.78%
PNC	C	-4.69%
AXP	A	-4.0%
RKT	D	-3.32%
L	C	-3.14%
TFC	D	-2.73%
RNR	A	-2.43%
BAC	B	-2.33%
NTB	D	-1.67%
MTB	A	-1.54%
STT	A	-1.47%
EG	A	-1.06%
SCHW	D	-1.05%

BEDZ: Top Represented Industries & Keywords

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