BEEZ vs. XHB ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to SPDR Homebuilders ETF (XHB)

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

XHB

SPDR Homebuilders ETF

XHB Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the homebuilding segment of a U.S. total market composite index. In seeking to track the performance of the S&P Homebuilders Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the homebuilders industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$118.24

Average Daily Volume

1,895,415

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	XHB
30 Days	-1.30%	-4.16%
60 Days	0.44%	-4.55%
90 Days	4.26%	2.06%
12 Months	23.42%	43.33%

2 Overlapping Holdings

	Symbol	Grade	Weight in BEEZ	Weight in XHB	Overlap
	HD	C	4.13%	3.65%	3.65%
	MAS	D	3.87%	3.37%	3.37%

BEEZ Overweight 23 Positions Relative to XHB

Symbol	Grade	Weight
INTU	B	4.17%
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%
WTS	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%
TSCO	D	3.86%
TXN	C	3.78%
LRCX	F	3.76%
OLED	F	3.72%

BEEZ Underweight 33 Positions Relative to XHB

Symbol	Grade	Weight
OC	A	-4.03%
JCI	B	-4.01%
TT	A	-3.85%
CSL	C	-3.74%
LOW	C	-3.62%
LII	A	-3.57%
TOL	B	-3.5%
TMHC	C	-3.49%
ALLE	D	-3.42%
BLDR	F	-3.37%
CARR	D	-3.35%
NVR	D	-3.35%
BLD	F	-3.21%
IBP	D	-3.18%
PHM	D	-3.17%
KBH	D	-3.12%
AOS	F	-3.12%
LEN	D	-3.12%
WSM	C	-3.09%
FND	D	-3.06%
MTH	D	-3.04%
WMS	F	-3.01%
DHI	D	-2.87%
MHO	D	-2.38%
SKY	A	-2.26%
TPH	D	-2.22%
GRBK	D	-1.79%
CVCO	A	-1.73%
CCS	F	-1.53%
LGIH	F	-1.38%
BZH	C	-0.83%
HOV	D	-0.83%
DFH	F	-0.73%