BEEZ vs. TBLU ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to Tortoise Global Water ESG Fund (TBLU)

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

$32.81

Average Daily Volume

601

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TBLU

Tortoise Global Water ESG Fund

TBLU Description

The investment seeks investment results that correspond generally to the price and distribution rate (total return) performance of the Tortoise Global Water ESG Net Total Return IndexSM. The fund will normally invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the types of securities suggested by its name (i.e., Water Companies). The index is a proprietary rules-based, modified market capitalization weighted, float adjusted index designed to track the overall performance of equity securities of global Water Companies listed on developed country exchanges. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.95

Average Daily Volume

4,107

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	TBLU
30 Days	1.11%	-1.99%
60 Days	2.05%	4.49%
90 Days	4.98%	16.24%
12 Months	25.00%

1 Overlapping Holdings

	Symbol	Grade	Weight in BEEZ	Weight in TBLU	Overlap
	WTS	B	4.02%	0.33%	0.33%

BEEZ Overweight 24 Positions Relative to TBLU

Symbol	Grade	Weight
INTU	B	4.17%
HD	B	4.13%
ACN	B	4.11%
COST	A	4.1%
NOW	A	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	B	3.99%
EQIX	A	3.98%
ITW	B	3.98%
APD	A	3.97%
TMO	F	3.92%
AMT	C	3.91%
A	D	3.9%
MAS	D	3.87%
TSCO	D	3.86%
TXN	C	3.78%
LRCX	F	3.76%
OLED	F	3.72%

BEEZ Underweight 21 Positions Relative to TBLU

Symbol	Grade	Weight
ANET	C	-5.99%
ERII	D	-4.87%
CNM	D	-4.29%
BMI	B	-4.12%
ECL	D	-3.94%
FELE	B	-3.53%
AOS	F	-3.49%
WMS	F	-3.42%
AWK	C	-3.37%
WTRG	B	-3.32%
FBIN	D	-3.11%
IEX	C	-2.92%
LNN	B	-2.13%
MWA	B	-1.92%
PNR	A	-1.51%
WTTR	A	-1.35%
MEG	F	-1.3%
TTEK	F	-0.37%
VLTO	C	-0.31%
XYL	D	-0.27%
ZWS	B	-0.17%