BEEZ vs. TBG ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to TBG Dividend Focus ETF (TBG)

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

$32.83

Average Daily Volume

586

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TBG

TBG Dividend Focus ETF

TBG Description

The fund seeks to achieve its investment objective by investing in equity securities of small-, mid- and large- capitalization companies that the sub-adviser believes have the potential to grow their dividends over time. The fund will invest primarily in companies that have operations in and/or domiciled in the U.S. and that trade on U.S. stock exchanges. In addition, the fund may invest in real estate investment trusts (REITs) and master limited partnerships (MLPs).

Grade (RS Rating)

Last Trade

$33.45

Average Daily Volume

16,577

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	TBG
30 Days	-1.30%	1.57%
60 Days	0.44%	3.79%
90 Days	4.26%	8.12%
12 Months	23.42%	31.67%

2 Overlapping Holdings

	Symbol	Grade	Weight in BEEZ	Weight in TBG	Overlap
	CMI	A	4.08%	3.72%	3.72%
	TXN	C	3.78%	2.49%	2.49%

BEEZ Overweight 23 Positions Relative to TBG

Symbol	Grade	Weight
INTU	B	4.17%
HD	C	4.13%
ACN	B	4.11%
COST	A	4.1%
NOW	B	4.09%
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	C	3.99%
EQIX	A	3.98%
ITW	B	3.98%
APD	A	3.97%
TMO	D	3.92%
AMT	D	3.91%
A	F	3.9%
MAS	D	3.87%
TSCO	D	3.86%
LRCX	F	3.76%
OLED	F	3.72%

BEEZ Underweight 31 Positions Relative to TBG

Symbol	Grade	Weight
SPG	A	-4.54%
CVX	A	-4.33%
GILD	B	-4.28%
IBM	C	-4.27%
CSCO	B	-4.13%
ET	A	-4.0%
LYB	F	-3.98%
VZ	C	-3.89%
EPD	A	-3.69%
BX	A	-3.66%
TFC	B	-3.54%
MRK	F	-3.23%
KVUE	A	-3.08%
OWL	A	-3.07%
AEP	C	-2.8%
PG	C	-2.72%
MS	B	-2.54%
GIS	D	-2.52%
LAMR	D	-2.51%
LMT	D	-2.47%
MC	B	-2.22%
JPM	B	-2.1%
APO	B	-2.08%
CLX	A	-2.01%
AMGN	D	-2.0%
PEP	F	-1.98%
XOM	A	-1.96%
SBUX	B	-1.73%
JNJ	D	-1.54%
AVGO	D	-1.41%
MCD	D	-1.22%