BEDZ vs. PSR ETF Comparison

Comparison of AdvisorShares Hotel ETF (BEDZ) to PowerShares Active U.S. Real Estate Fund (PSR)

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

$27.65

Average Daily Volume

352

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSR

PowerShares Active U.S. Real Estate Fund

PSR Description

The PowerShares Active U.S. Real Estate Fund (Fund) structures and selects its investments primarily from a universe of securities that are included within the FTSE NAREIT All Equity REITs Index at the time of purchase. The selection methodology uses quantitative and statistical metrics to identify attractively priced securities and manage risk. The Fund will invest principally in equity real estate investment trusts (REITs). The Fund is rebalanced and reconstituted monthly.

Grade (RS Rating)

Last Trade

$85.40

Average Daily Volume

4,549

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEDZ	PSR
30 Days	-0.45%	0.91%
60 Days	-3.66%	4.14%
90 Days	-7.32%	0.71%
12 Months	12.00%	1.11%

2 Overlapping Holdings

	Symbol	Grade	Weight in BEDZ	Weight in PSR	Overlap
	HST	D	4.39%	2.36%	2.36%
	RHP	D	4.05%	3.36%	3.36%

BEDZ Overweight 22 Positions Relative to PSR

Symbol	Grade	Weight
EXPE	C	5.59%
BKNG	B	5.57%
TH	D	5.48%
TCOM	C	5.47%
RCL	B	5.21%
NCLH	C	4.96%
IHG	B	4.95%
XHR	D	4.87%
APLE	D	4.43%
MGM	B	4.37%
MAR	C	4.2%
HLT	B	4.19%
VICI	D	4.03%
BYD	C	4.01%
WH	C	3.63%
PLYA	D	3.16%
TRIP	F	3.16%
GLPI	B	2.74%
PK	D	2.69%
H	C	2.46%
ABNB	B	1.75%
GHG	F	0.28%

BEDZ Underweight 23 Positions Relative to PSR

Symbol	Grade	Weight
EQIX	C	-9.26%
AMT	B	-8.74%
PLD	C	-6.12%
EQR	B	-4.9%
KIM	B	-4.88%
INVH	A	-4.88%
REXR	C	-4.67%
DOC	B	-4.67%
ARE	C	-4.13%
PSA	B	-3.89%
OHI	B	-3.86%
O	C	-3.72%
EXR	B	-3.68%
SPG	C	-3.44%
CCI	D	-3.42%
SBAC	F	-3.31%
WY	F	-2.98%
LAMR	B	-2.78%
WELL	A	-2.64%
CUBE	B	-2.5%
ESRT	C	-2.15%
KRC	F	-2.01%
DLR	B	-1.18%

BEDZ: Top Represented Industries & Keywords

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