BEDZ Fees and Costs — AdvisorShares Hotel ETF
Data updated: 2026-09-10
The net expense ratio is 0.99%: a 0.60% management fee plus 2.27% other expenses, less a 1.88% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $13K in broker commissions, 0.5323% of average net assets, and portfolio turnover was 137%.
BEDZ Fees and Expenses
Annual operating expenses and sales charges of BEDZ. Prospectus, as of November 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.27% |
| Gross expense ratio | 2.87% |
| Fee waiver | −1.88% |
| Net expense ratio | 0.99% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
BEDZ Costs Over Time
On $10,000 invested in BEDZ, assuming 5% a year before costs, total costs come to $942 over 5 years, cutting the return by 1.60% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.99%) | $104 | $323 | $556 |
| Trading costs (broker commissions) | $56 | $173 | $299 |
| Lost growth on money paid in costs | $0 | $25 | $87 |
| Total costs | $160 | $521 | $942 |
| Value after costs | $10,340 | $11,056 | $11,821 |
| Impact on return, per year | 1.60% | 1.60% | 1.60% |
BEDZ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.5323%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $4.7M
- Portfolio turnover (prospectus): 137%
- Securities on loan, average value: $36K
- Net income from securities lending: $50 (0.002% of average net assets)
BEDZ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $13K | 100.00% |
BEDZ Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| VIRTU AMERICAS LLC | $4.0M | 85.25% |
| BOFA SECURITIES, INC. | $350K | 7.47% |
| Jane Street Execution Services, LLC | $338K | 7.20% |
| HYATT HOTELS CORPORATION | $4K | 0.08% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.