BEEZ vs. PXE ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to PowerShares Dynamic Energy E&P (PXE)

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

$28.99

Average Daily Volume

1,130

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

PXE

PowerShares Dynamic Energy E&P

PXE Description

The PowerShares Energy Exploration & Production Portfolio (Fund) is based on the Dynamic Energy Exploration & Production 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 composed of stocks of 30 U.S. companies involved in the exploration and production of natural resources used to produce energy. These companies are engaged principally in exploration, extraction and production of crude oil and natural gas from land-based or offshore wells. These companies include petroleum refineries that process the crude oil into finished products, such as gasoline and automotive lubricants, and companies involved in gathering and processing natural gas, and manufacturing natural gas liquid. The Fund is rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$35.92

Average Daily Volume

47,467

Number of Holdings ^*

29

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	PXE
30 Days	-5.16%	1.76%
60 Days	-3.19%	12.89%
90 Days	1.39%	18.07%
12 Months		41.79%

0 Overlapping Holdings

	Symbol	Grade	Weight in BEEZ	Weight in PXE	Overlap

BEEZ Overweight 10 Positions Relative to PXE

	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	C	4.12%
	TXN	B	4.11%

BEEZ Underweight 29 Positions Relative to PXE

	Symbol	Grade	Weight
	VLO	B	-5.35%
	MPC	B	-5.28%
	DVN	A	-5.27%
	COP	A	-5.19%
	EOG	A	-5.18%
	FANG	A	-5.05%
	CTRA	A	-4.92%
	PSX	B	-4.83%
	SM	A	-3.0%
	CRK	A	-2.97%
	CNX	A	-2.92%
	PBF	A	-2.9%
	PR	A	-2.9%
	MRO	B	-2.87%
	MUR	A	-2.84%
	OVV	A	-2.82%
	GPOR	A	-2.79%
	RRC	A	-2.76%
	CHK	A	-2.73%
	MTDR	A	-2.67%
	CHRD	A	-2.65%
	DK	B	-2.61%
	NFG	A	-2.6%
	APA	B	-2.54%
	CRC	A	-2.45%
	CRGY	F	-2.39%
	DINO	D	-2.3%
	CVI	D	-2.29%
	PARR	D	-1.98%

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

PXE: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Refining & Marketing

Keywords: Natural Gas Natural Gas Liquids Petroleum Industry S&P 500 Petroleum Crude Oil Refined Products Permian Basin Petroleum Products Sulfur Fuel Gas And Oil Gas Gathering Natural Gas Processing Natural Gas Wells Propane Transportation Fuels Transports Crude Oil Western Refining American Energy Partners