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

$33.21

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

$20.01

Average Daily Volume

182

Number of Holdings *

33

* may have additional holdings in another (foreign) market
Performance
Period BEDZ AREA
30 Days 8.74% -1.81%
60 Days 12.03% -4.28%
90 Days 18.31%
12 Months 27.96%
7 Overlapping Holdings
Symbol Grade Weight in BEDZ Weight in AREA Overlap
GLPI C 2.55% 0.48% 0.48%
HST C 3.63% 5.76% 3.63%
INN D 3.99% 1.06% 1.06%
PEB D 4.25% 0.25% 0.25%
PK C 4.05% 1.74% 1.74%
VICI C 3.78% 3.24% 3.24%
XHR B 2.68% 0.26% 0.26%
BEDZ Overweight 16 Positions Relative to AREA
Symbol Grade Weight
NCLH B 6.06%
RCL A 5.88%
CCL A 5.52%
EXPE B 5.36%
BKNG A 5.27%
TH C 5.12%
MCRI A 4.63%
TCOM B 4.53%
RHP B 4.52%
MAR A 4.17%
BYD B 4.15%
WH B 4.04%
APLE B 3.32%
HLT A 2.89%
IHG A 2.7%
H B 2.22%
BEDZ Underweight 26 Positions Relative to AREA
Symbol Grade Weight
WY F -7.01%
LAMR C -6.89%
AMT C -6.24%
SBAC D -6.1%
EXR C -6.05%
CUBE C -5.4%
ELS C -3.81%
IRM C -3.75%
EPR C -3.65%
SBRA C -3.64%
DRH B -3.58%
RYN D -3.56%
SHO D -2.87%
NHI D -2.8%
PSA C -2.59%
OHI C -2.55%
DOC C -2.5%
LAND F -2.21%
OUT A -1.5%
SILA C -1.26%
NSA C -1.21%
LTC B -1.13%
VTR B -1.0%
CCI C -0.71%
INVH D -0.42%
DHC F -0.19%
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