BEEZ vs. PSL ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to PowerShares Dynamic Consumer Staples (PSL)

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

$32.81

Average Daily Volume

601

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSL

PowerShares Dynamic Consumer Staples

PSL Description

The PowerShares Dynamic Consumer Staples Sector Portfolio (Fund) is based on the Dynamic Consumer Staples Sector IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 60 US consumer staples companies. These are companies that are principally engaged in the businesses of providing consumer goods and services that have non-cyclical characteristics, including tobacco, textiles, food and beverage, and non-discretionary retail. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$107.56

Average Daily Volume

2,465

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	PSL
30 Days	1.11%	6.20%
60 Days	2.05%	5.94%
90 Days	4.98%	7.10%
12 Months	25.00%	27.80%

1 Overlapping Holdings

	Symbol	Grade	Weight in BEEZ	Weight in PSL	Overlap
	COST	A	4.1%	3.23%	3.23%

BEEZ Overweight 24 Positions Relative to PSL

Symbol	Grade	Weight
INTU	B	4.17%
HD	B	4.13%
ACN	B	4.11%
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	B	4.01%
SHW	B	3.99%
EQIX	A	3.98%
ITW	B	3.98%
APD	A	3.97%
TMO	F	3.92%
AMT	C	3.91%
A	D	3.9%
MAS	D	3.87%
TSCO	D	3.86%
TXN	C	3.78%
LRCX	F	3.76%
OLED	F	3.72%

BEEZ Underweight 41 Positions Relative to PSL

Symbol	Grade	Weight
SFM	A	-4.04%
CHD	A	-3.56%
MO	A	-3.56%
CASY	A	-3.32%
SCI	B	-3.27%
FRPT	A	-3.19%
MNST	C	-3.14%
PG	C	-2.98%
KR	B	-2.97%
USFD	A	-2.92%
BRBR	A	-2.84%
ATGE	B	-2.79%
HRB	D	-2.74%
LRN	A	-2.68%
PM	B	-2.68%
KDP	F	-2.63%
CALM	A	-2.61%
BJ	A	-2.59%
PEP	F	-2.34%
COKE	C	-2.34%
PFGC	B	-2.13%
TAP	C	-2.08%
LAUR	A	-2.07%
INGR	C	-2.0%
UNFI	A	-1.98%
SYY	D	-1.97%
SPB	C	-1.96%
MDLZ	F	-1.95%
LOPE	C	-1.83%
HSY	F	-1.8%
PRDO	B	-1.78%
STZ	D	-1.76%
POST	C	-1.76%
WDFC	B	-1.69%
VITL	D	-1.68%
IPAR	B	-1.61%
BFAM	D	-1.61%
STRA	C	-1.49%
CHEF	A	-1.48%
HAIN	D	-1.41%
KLG	B	-1.35%