BEEZ vs. IWTR ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to iShares MSCI Water Management Multisector ETF (IWTR)

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

$32.83

Average Daily Volume

586

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IWTR

iShares MSCI Water Management Multisector ETF

IWTR Description

The iShares MSCI Water Management Multisector ETF seeks to track the investment results of an index composed of U.S. and non-U.S. companies that either 1) derive a proportion of their revenues from sustainable water products or services or 2) demonstrate relative efficiency in their water management.

Grade (RS Rating)

Last Trade

$31.25

Average Daily Volume

1,588

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	IWTR
30 Days	-1.30%	-2.47%
60 Days	0.44%	-1.14%
90 Days	4.26%	1.12%
12 Months	23.42%	18.03%

2 Overlapping Holdings

	Symbol	Grade	Weight in BEEZ	Weight in IWTR	Overlap
	TXN	C	3.78%	6.32%	3.78%
	WTS	B	4.02%	2.82%	2.82%

BEEZ Overweight 23 Positions Relative to IWTR

Symbol	Grade	Weight
INTU	B	4.17%
HD	C	4.13%
ACN	B	4.11%
COST	A	4.1%
NOW	B	4.09%
CMI	A	4.08%
EW	C	4.07%
ZTS	D	4.05%
V	A	4.04%
FAST	B	4.03%
ATR	B	4.02%
MA	B	4.01%
SHW	C	3.99%
EQIX	A	3.98%
ITW	B	3.98%
APD	A	3.97%
TMO	D	3.92%
AMT	D	3.91%
A	F	3.9%
MAS	D	3.87%
TSCO	D	3.86%
LRCX	F	3.76%
OLED	F	3.72%

BEEZ Underweight 12 Positions Relative to IWTR

Symbol	Grade	Weight
HLT	A	-7.47%
MAR	B	-7.26%
XYL	D	-5.43%
INTC	C	-4.99%
CNM	C	-3.37%
BMI	B	-3.14%
IFF	D	-2.94%
ZWS	B	-2.33%
FELE	B	-2.23%
MWA	B	-1.53%
ERII	D	-0.68%
ALTM	C	-0.59%