BEEZ vs. XHE ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to SPDR S&P Health Care Equipment (XHE)

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

XHE

SPDR S&P Health Care Equipment

XHE 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 health care equipment and supplies segment of a U.S. total market composite index. In seeking to track the performance of the S&P Health Care Equipment 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 health care equipment industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$90.83

Average Daily Volume

9,057

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	XHE
30 Days	-1.30%	2.45%
60 Days	0.44%	-1.04%
90 Days	4.26%	3.43%
12 Months	23.42%	21.37%

1 Overlapping Holdings

	Symbol	Grade	Weight in BEEZ	Weight in XHE	Overlap
	EW	C	4.07%	1.66%	1.66%

BEEZ Overweight 24 Positions Relative to XHE

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%
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%
MAS	D	3.87%
TSCO	D	3.86%
TXN	C	3.78%
LRCX	F	3.76%
OLED	F	3.72%

BEEZ Underweight 61 Positions Relative to XHE

Symbol	Grade	Weight
ATEC	C	-2.53%
MASI	B	-2.47%
IART	C	-2.46%
ATRC	C	-2.24%
PEN	B	-2.19%
HAE	C	-2.12%
GMED	A	-2.07%
PODD	B	-2.03%
PRCT	B	-2.03%
GKOS	A	-1.96%
IRTC	C	-1.96%
OMCL	C	-1.95%
NARI	C	-1.9%
ISRG	A	-1.89%
LIVN	D	-1.89%
MMSI	A	-1.88%
ENOV	C	-1.87%
UFPT	C	-1.87%
ITGR	B	-1.86%
BSX	A	-1.84%
DXCM	C	-1.84%
NVST	C	-1.83%
SYK	A	-1.8%
ZBH	C	-1.79%
AXNX	A	-1.77%
SOLV	F	-1.74%
ABT	B	-1.72%
LMAT	A	-1.71%
CNMD	C	-1.71%
BDX	F	-1.71%
RMD	C	-1.71%
ICUI	D	-1.71%
MDT	D	-1.69%
GEHC	C	-1.69%
HOLX	D	-1.69%
NEOG	D	-1.65%
NVCR	C	-1.65%
INSP	F	-1.61%
STE	D	-1.57%
ALGN	D	-1.56%
STAA	F	-1.55%
BAX	F	-1.47%
IDXX	F	-1.47%
RXST	F	-1.43%
LNTH	C	-1.4%
TFX	F	-1.37%
TNDM	D	-1.22%
SRDX	B	-1.21%
XRAY	D	-1.17%
TMDX	F	-1.05%
VREX	B	-1.01%
AORT	B	-0.89%
OFIX	B	-0.67%
SIBN	F	-0.66%
EMBC	C	-0.61%
ZIMV	F	-0.57%
AVNS	F	-0.48%
KIDS	D	-0.46%
OSUR	F	-0.43%
TCMD	B	-0.4%
AXGN	D	-0.39%