BEEZ vs. TOLL ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to Tema Monopolies and Oligopolies ETF (TOLL)

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

TOLL

Tema Monopolies and Oligopolies ETF

TOLL Description

Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in domestic and foreign, common and preferred stocks of publicly listed companies where the Herfindahl"Hirschman (HHI) index of the market of operation representing more than 50% of the company"s revenue is above 2,500. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.30

Average Daily Volume

1,602

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	TOLL
30 Days	1.81%	1.52%
60 Days	2.14%	-1.04%
90 Days	5.66%	0.40%
12 Months	25.81%	24.35%

5 Overlapping Holdings

Symbol	Grade	Weight in BEEZ	Weight in TOLL	Overlap
INTU	C	3.92%	3.61%	3.61%
LRCX	F	3.64%	2.09%	2.09%
SHW	A	3.9%	4.25%	3.9%
TMO	F	3.78%	2.22%	2.22%
V	A	4.09%	5.4%	4.09%

BEEZ Overweight 20 Positions Relative to TOLL

Symbol	Grade	Weight
EW	C	4.33%
APD	A	4.24%
COST	B	4.15%
EQIX	A	4.13%
CMI	A	4.1%
AMT	D	4.1%
HD	A	4.1%
ZTS	D	4.09%
NOW	A	4.08%
ACN	C	4.04%
FAST	B	4.02%
MA	C	4.02%
WTS	B	4.02%
ITW	B	3.96%
ATR	B	3.93%
MAS	D	3.84%
TSCO	D	3.81%
A	D	3.8%
OLED	D	3.75%
TXN	C	3.72%

BEEZ Underweight 23 Positions Relative to TOLL

Symbol	Grade	Weight
GE	D	-6.07%
MCO	B	-5.89%
FICO	B	-5.6%
ICE	C	-5.5%
SPGI	C	-4.6%
MSCI	C	-3.4%
CPRT	A	-3.29%
VMC	B	-3.28%
EFX	F	-2.79%
CME	A	-2.78%
AON	A	-2.75%
TER	D	-2.7%
TYL	B	-2.69%
KLAC	D	-2.58%
WAT	B	-2.38%
LOW	D	-2.1%
CNI	D	-1.91%
TECH	D	-1.9%
ADI	D	-1.89%
DE	A	-1.5%
IDXX	F	-1.5%
GILD	C	-1.09%
BDX	F	-1.0%