UTRN vs. BEEZ ETF Comparison

Comparison of Vesper US Large Cap Short-Term Reversal Strategy ETF (UTRN) to Honeytree U.S. Equity ETF (BEEZ)

UTRN

Vesper US Large Cap Short-Term Reversal Strategy ETF

UTRN Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Vesper U.S. Large Cap Short-Term Reversal Index (the 'index'). The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to measure the performance of a portfolio of 25 stocks selected from the S&P 500 that Vesper Capital Management, LLC believes will most likely benefit from the "short-term reversal" effect, as determined by applying a proprietary algorithm ("Chow's Ratio" or "Algorithm").

Grade (RS Rating)

Last Trade

$30.57

Average Daily Volume

1,563

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$31.92

Average Daily Volume

606

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	UTRN	BEEZ
30 Days	0.74%	-1.58%
60 Days	3.86%	1.08%
90 Days	10.29%	6.03%
12 Months	39.44%

2 Overlapping Holdings

	Symbol	Grade	Weight in UTRN	Weight in BEEZ	Overlap
	CMI	B	4.02%	4.09%	4.02%
	ITW	A	3.98%	3.93%	3.93%

UTRN Overweight 23 Positions Relative to BEEZ

Symbol	Grade	Weight
TYL	A	4.2%
STE	D	4.11%
HUBB	B	4.05%
ROK	B	4.04%
CTLT	D	4.03%
JCI	B	4.02%
NWSA	A	4.02%
AMCR	D	4.02%
NWS	A	4.02%
MET	C	4.01%
ACGL	F	4.0%
EMN	C	4.0%
AME	A	4.0%
XOM	C	3.99%
TT	C	3.98%
FTV	F	3.98%
IR	C	3.98%
IEX	A	3.97%
WM	A	3.95%
IFF	D	3.95%
RSG	D	3.95%
ZBRA	A	3.94%
CARR	D	3.64%

UTRN Underweight 23 Positions Relative to BEEZ

Symbol	Grade	Weight
OLED	F	-4.69%
NOW	A	-4.43%
FAST	A	-4.3%
ATR	A	-4.28%
ACN	C	-4.22%
EQIX	B	-4.2%
HD	B	-4.19%
APD	B	-4.11%
MA	B	-4.11%
MAS	D	-4.09%
EW	D	-4.04%
TXN	A	-4.03%
V	A	-3.99%
COST	D	-3.96%
WTS	D	-3.9%
SHW	D	-3.85%
TSCO	D	-3.8%
INTU	D	-3.67%
LRCX	F	-3.61%
ZTS	D	-3.55%
A	D	-3.54%
AMT	D	-3.4%
TMO	D	-3.37%