BEEZ vs. IHE ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to iShares U.S. Pharmaceutical ETF (IHE)

BEEZ

Honeytree U.S. Equity ETF

BEEZ Description

The fund is an actively managed exchange-traded fund ("ETF") sub-advised by Honeytree Investment Management Ltd. (the "Sub-Adviser"). The fund does not seek to replicate the performance of a specified index. The fund seeks to achieve its investment objective by investing at least 80% of the fund"s net assets, plus borrowings for investment purposes in a concentrated portfolio of large-cap and mid-cap U.S. listed equity stocks.

Grade (RS Rating)

Last Trade

$33.43

Average Daily Volume

596

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IHE

iShares U.S. Pharmaceutical ETF

IHE Description

The investment seeks to track the investment results of an index composed of U.S. equities in the pharmaceuticals sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Pharmaceuticals Index (the "underlying index"), which measures the performance of the pharmaceuticals sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$68.46

Average Daily Volume

35,108

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	IHE
30 Days	3.68%	-1.66%
60 Days	2.61%	-2.86%
90 Days	6.90%	-4.38%
12 Months	26.95%	18.37%

1 Overlapping Holdings

	Symbol	Grade	Weight in BEEZ	Weight in IHE	Overlap
	ZTS	D	4.09%	4.32%	4.09%

BEEZ Overweight 24 Positions Relative to IHE

Symbol	Grade	Weight
EW	C	4.33%
APD	A	4.24%
COST	B	4.15%
EQIX	A	4.13%
CMI	A	4.1%
AMT	D	4.1%
HD	A	4.1%
V	A	4.09%
NOW	B	4.08%
ACN	B	4.04%
FAST	B	4.02%
MA	B	4.02%
WTS	B	4.02%
ITW	A	3.96%
ATR	B	3.93%
INTU	C	3.92%
SHW	A	3.9%
MAS	C	3.84%
TSCO	C	3.81%
A	D	3.8%
TMO	F	3.78%
OLED	F	3.75%
TXN	D	3.72%
LRCX	F	3.64%

BEEZ Underweight 9 Positions Relative to IHE

Symbol	Grade	Weight
JNJ	D	-22.25%
LLY	F	-20.67%
BMY	B	-5.27%
VTRS	B	-4.69%
PFE	D	-4.38%
CTLT	B	-4.23%
RPRX	D	-4.18%
MRK	F	-4.09%
ITCI	C	-3.33%