BEDZ vs. PEJ ETF Comparison

Comparison of AdvisorShares Hotel ETF (BEDZ) to PowerShares Dynamic Leisure & Entertainment Portfolio (PEJ)

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 ^*

* may have additional holdings in another (foreign) market

PEJ

PowerShares Dynamic Leisure & Entertainment Portfolio

PEJ Description

The PowerShares Dynamic Leisure and Entertainment Portfolio (Fund) is based on the Dynamic Leisure & Entertainment IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US leisure and entertainment companies. These are companies that are principally engaged in the design, production or distribution of goods or services in the leisure and entertainment industries. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$53.30

Average Daily Volume

47,515

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEDZ	PEJ
30 Days	8.74%	8.73%
60 Days	12.03%	12.17%
90 Days	18.31%	14.34%
12 Months	27.96%	36.23%

6 Overlapping Holdings

Symbol	Grade	Weight in BEDZ	Weight in PEJ	Overlap
BKNG	A	5.27%	5.64%	5.27%
EXPE	B	5.36%	3.11%	3.11%
H	B	2.22%	2.55%	2.22%
HLT	A	2.89%	5.04%	2.89%
MCRI	A	4.63%	2.7%	2.7%
RCL	A	5.88%	6.07%	5.88%

BEDZ Overweight 17 Positions Relative to PEJ

Symbol	Grade	Weight
NCLH	B	6.06%
CCL	A	5.52%
TH	C	5.12%
TCOM	B	4.53%
RHP	B	4.52%
PEB	D	4.25%
MAR	A	4.17%
BYD	B	4.15%
PK	C	4.05%
WH	B	4.04%
INN	D	3.99%
VICI	C	3.78%
HST	C	3.63%
APLE	B	3.32%
IHG	A	2.7%
XHR	B	2.68%
GLPI	C	2.55%

BEDZ Underweight 19 Positions Relative to PEJ

Symbol	Grade	Weight
LYV	A	-5.89%
WBD	B	-5.35%
FOXA	A	-5.09%
SYY	D	-4.33%
EAT	A	-3.91%
SKYW	C	-3.53%
TXRH	B	-2.82%
CNK	C	-2.72%
USFD	A	-2.7%
ARMK	B	-2.61%
MSGS	A	-2.55%
MMYT	B	-2.52%
CHDN	B	-2.46%
ACEL	C	-2.45%
TRIP	F	-2.4%
LTH	C	-2.34%
LGF.A	C	-2.16%
RRR	F	-2.15%
WING	D	-1.95%

BEDZ: Top Represented Industries & Keywords

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

PEJ: Top Represented Industries & Keywords

Industries: Leisure Restaurants Entertainment Food Distribution Gambling Lodging Media - Diversified Resorts & Casinos Airlines Broadcasting - TV Travel Services