BEEZ vs. DESK ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to VanEck Office and Commercial REIT ETF (DESK)

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

$28.77

Average Daily Volume

1,151

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

DESK

VanEck Office and Commercial REIT ETF

DESK Description

The fund normally invests at least 80% of its total assets in Office and Commercial Real Estate Companies. The index is comprised of equity securities of Office and Commercial Real Estate Companies and is intended to give investors a means of tracking the overall performance of U.S exchange-listed real estate investment trusts (REITs) involved in the office and commercial real estate markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.75

Average Daily Volume

135

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	DESK
30 Days	-5.95%	-3.93%
60 Days	-6.29%	-3.54%
90 Days	-1.33%	-3.10%
12 Months

0 Overlapping Holdings

	Symbol	Grade	Weight in BEEZ	Weight in DESK	Overlap

BEEZ Overweight 10 Positions Relative to DESK

	Symbol	Grade	Weight
	CMI	B	4.47%
	SHW	D	4.29%
	EW	D	4.29%
	TSCO	A	4.28%
	APD	C	4.25%
	FAST	C	4.23%
	A	C	4.19%
	MAS	D	4.17%
	LRCX	D	4.12%
	TXN	A	4.11%

BEEZ Underweight 10 Positions Relative to DESK

	Symbol	Grade	Weight
	VNO	D	-10.57%
	BXP	D	-10.01%
	KRC	F	-8.88%
	SLG	B	-7.54%
	CDP	B	-6.12%
	CUZ	B	-5.97%
	EQC	D	-5.03%
	HIW	A	-4.15%
	DEI	B	-4.11%
	O	A	-4.02%

BEEZ: Top Represented Industries & Keywords

Industries: Building Materials Chemicals Diagnostics & Research Diversified Industrials Industrial Distribution Medical Devices Semiconductor Equipment & Materials Semiconductors Specialty Chemicals Specialty Retail

Keywords: S&P 500 Mining Nasdaq 100 Semiconductor Hardware Store Integrated Circuits Materials Science Natural Gas Oxygen Plumbing Transistor Acid Adhesives Air Separation Alternator Ammonia Analog Devices Analog Products Analytical Chemistry Animal Product

DESK: Top Represented Industries & Keywords

Industries: REIT - Office REIT - Diversified REIT - Retail

Keywords: Real Estate Investment Trust Real Estate Market Retail Properties Equity Global Management Madison Marquette S&P 500 David Sobelman Dream Office Real Estate Investment Trust Hawaii Paramus Property Management Publicly Traded Real Estate Real Estate Properties Retail Shopping Centers Shopping Mall Undeveloped Land