BEEZ vs. SMLL ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to Harbor Active Small Cap ETF (SMLL)

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

$33.02

Average Daily Volume

597

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SMLL

Harbor Active Small Cap ETF

SMLL Description

The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of the Russell 2000® Index. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index measures the performance of approximately 2,000 small-cap companies in the Russell 3000® Index, based on a combination of their market capitalization and current index membership. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.75

Average Daily Volume

3,276

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	SMLL
30 Days	1.81%	12.12%
60 Days	2.14%	15.66%
90 Days	5.66%
12 Months	25.81%

1 Overlapping Holdings

	Symbol	Grade	Weight in BEEZ	Weight in SMLL	Overlap
	ATR	B	3.93%	2.37%	2.37%

BEEZ Overweight 24 Positions Relative to SMLL

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%
ZTS	D	4.09%
NOW	A	4.08%
ACN	C	4.04%
FAST	B	4.02%
MA	C	4.02%
WTS	B	4.02%
ITW	B	3.96%
INTU	C	3.92%
SHW	A	3.9%
MAS	D	3.84%
TSCO	D	3.81%
A	D	3.8%
TMO	F	3.78%
OLED	D	3.75%
TXN	C	3.72%
LRCX	F	3.64%

BEEZ Underweight 39 Positions Relative to SMLL

Symbol	Grade	Weight
LBRT	D	-6.17%
KNSL	B	-4.97%
SSNC	B	-4.74%
JBI	F	-4.68%
DOCS	C	-3.71%
PCTY	B	-3.66%
RS	B	-3.43%
ZG	A	-3.13%
FOUR	B	-3.08%
WTFC	A	-3.01%
LYFT	C	-2.71%
FRSH	C	-2.63%
APAM	B	-2.61%
RLJ	C	-2.42%
WRBY	B	-2.04%
OSCR	D	-1.95%
LSTR	D	-1.85%
PLOW	D	-1.79%
USPH	B	-1.77%
HAYW	B	-1.76%
PECO	A	-1.56%
MC	C	-1.51%
MCRI	A	-1.51%
MORN	B	-1.49%
SAM	C	-1.32%
NNN	D	-1.3%
CHWY	B	-1.26%
QTWO	A	-1.26%
WSC	D	-1.2%
NWE	B	-1.09%
RBC	A	-1.08%
BECN	B	-1.08%
FBIN	D	-1.07%
RL	B	-1.06%
EWCZ	F	-1.01%
TRUE	B	-0.95%
TMCI	D	-0.91%
CMS	C	-0.88%
REYN	D	-0.74%