BEEZ vs. IWFG ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to IQ MacKay Municipal Insured ETF (IWFG)

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

$32.44

Average Daily Volume

772

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IWFG

IQ MacKay Municipal Insured ETF

IWFG Description

The Fund seek long-term growth of capital by employing a bottom-up investment process while investing in companies that have the potential for above-average future earnings and cash flow growth. IWFG typically invests in a portfolio of 25-35 stocks, allocating 10-60% across each growth type. The fund invests in stocks of companies operating across diversified sectors. It invests in growth stocks of large-cap companies. IQ MacKay Municipal Insured ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$45.64

Average Daily Volume

219

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	IWFG
30 Days	2.71%	0.78%
60 Days	7.73%	8.15%
90 Days	8.81%	-1.57%
12 Months		48.06%

2 Overlapping Holdings

	Symbol	Grade	Weight in BEEZ	Weight in IWFG	Overlap
	MA	A	4.03%	3.13%	3.13%
	NOW	C	4.08%	2.38%	2.38%

BEEZ Overweight 8 Positions Relative to IWFG

Symbol	Grade	Weight
OLED	C	4.36%
TXN	C	4.19%
EW	F	4.18%
MAS	A	4.11%
COST	C	4.09%
ACN	B	4.08%
SHW	B	4.03%
V	C	4.02%

BEEZ Underweight 27 Positions Relative to IWFG

Symbol	Grade	Weight
MSFT	D	-11.39%
NVDA	C	-7.84%
AMZN	C	-7.81%
GOOG	B	-4.86%
AVGO	C	-4.75%
AAPL	C	-4.6%
META	A	-3.64%
ADI	C	-3.22%
SPOT	B	-3.13%
TT	A	-3.12%
ORLY	A	-2.93%
KKR	A	-2.72%
ADBE	F	-2.6%
ISRG	A	-2.57%
HD	A	-2.55%
LRCX	D	-2.47%
INTU	F	-2.41%
MELI	C	-2.31%
CMG	C	-2.26%
NFLX	A	-2.12%
ASML	F	-2.09%
SNPS	F	-2.08%
UBER	C	-1.87%
BKNG	C	-1.85%
WDAY	D	-1.56%
HLT	A	-1.52%
APH	D	-1.35%