BEEZ vs. GREI ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to Goldman Sachs Future Real Estate (GREI)

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

$33.02

Average Daily Volume

597

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GREI

Goldman Sachs Future Real Estate

GREI Description

Goldman Sachs Future Real Estate seeks long-term growth of capital. The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in equity investments in U.S. and non‑U.S. real estate and infrastructure companies. The adviser generally intends to invest in real estate and infrastructure companies that the adviser believes are aligned with key themes associated with secular growth drivers for real estate and infrastructure assets, which include innovation, demographic shifts, experiences over things, environmental sustainability, and social sustainability.

Grade (RS Rating)

Last Trade

$35.95

Average Daily Volume

368

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	GREI
30 Days	1.81%	-1.71%
60 Days	2.14%	-5.03%
90 Days	5.66%	-1.52%
12 Months	25.81%	14.90%

2 Overlapping Holdings

	Symbol	Grade	Weight in BEEZ	Weight in GREI	Overlap
	AMT	D	3.91%	2.89%	2.89%
	EQIX	A	3.98%	4.67%	3.98%

BEEZ Overweight 23 Positions Relative to GREI

Symbol	Grade	Weight
INTU	C	4.17%
HD	A	4.13%
ACN	C	4.11%
COST	B	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%
WTS	B	4.02%
MA	C	4.01%
SHW	A	3.99%
ITW	B	3.98%
APD	A	3.97%
TMO	F	3.92%
A	D	3.9%
MAS	D	3.87%
TSCO	D	3.86%
TXN	C	3.78%
LRCX	F	3.76%
OLED	D	3.72%

BEEZ Underweight 23 Positions Relative to GREI

Symbol	Grade	Weight
PLD	D	-4.68%
LNG	B	-4.39%
NEE	D	-4.22%
WELL	A	-3.65%
DLR	B	-3.13%
WEC	A	-2.82%
EXR	D	-2.78%
AVB	B	-2.7%
XEL	A	-2.64%
VICI	C	-2.49%
ELS	C	-2.41%
CMS	C	-2.36%
VTR	C	-2.36%
AMH	D	-2.14%
SBAC	D	-2.11%
COLD	D	-1.93%
NSC	B	-1.93%
AEE	A	-1.93%
AWK	D	-1.9%
REXR	F	-1.76%
INVH	D	-1.72%
ARE	D	-1.68%
ES	D	-1.61%