BEEZ vs. XRT ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to SPDR S&P Retail ETF (XRT)

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

$29.09

Average Daily Volume

1,116

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XRT

SPDR S&P Retail ETF

XRT Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the retail segment of a U.S. total market composite index. In seeking to track the performance of the S&P Retail Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the retail industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$74.61

Average Daily Volume

6,019,838

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	XRT
30 Days	-2.96%	-0.52%
60 Days	-5.01%	-1.67%
90 Days	0.66%	5.45%
12 Months		23.18%

1 Overlapping Holdings

	Symbol	Grade	Weight in BEEZ	Weight in XRT	Overlap
	TSCO	B	4.28%	1.57%	1.57%

BEEZ Overweight 9 Positions Relative to XRT

Symbol	Grade	Weight
CMI	C	4.47%
SHW	D	4.29%
EW	D	4.29%
APD	C	4.25%
FAST	D	4.23%
A	D	4.19%
MAS	D	4.17%
LRCX	D	4.12%
TXN	A	4.11%

BEEZ Underweight 76 Positions Relative to XRT

Symbol	Grade	Weight
CVNA	B	-2.01%
BOOT	B	-1.72%
JWN	B	-1.72%
SFM	A	-1.67%
GPI	B	-1.64%
AEO	B	-1.62%
DKS	B	-1.62%
AN	B	-1.61%
DDS	B	-1.57%
ANF	C	-1.55%
AMZN	A	-1.55%
CASY	A	-1.54%
GES	B	-1.51%
AAP	D	-1.51%
COST	C	-1.49%
SIG	C	-1.48%
HIBB	A	-1.48%
BJ	B	-1.47%
OLLI	C	-1.47%
BKE	C	-1.47%
PAG	D	-1.47%
TJX	C	-1.46%
ACI	D	-1.46%
WMT	C	-1.46%
GPS	D	-1.46%
ABG	C	-1.46%
GO	F	-1.46%
KR	B	-1.45%
VVV	C	-1.44%
VSCO	F	-1.44%
BBWI	C	-1.44%
EBAY	C	-1.44%
AZO	D	-1.41%
WRBY	D	-1.41%
URBN	D	-1.4%
MUSA	D	-1.4%
RVLV	C	-1.4%
TGT	D	-1.37%
BBY	D	-1.36%
ORLY	D	-1.36%
CHWY	F	-1.33%
KSS	D	-1.33%
M	C	-1.33%
FL	F	-1.3%
ROST	D	-1.29%
LAD	D	-1.28%
GME	C	-1.28%
DG	D	-1.28%
SBH	F	-1.26%
ODP	C	-1.25%
BURL	D	-1.25%
WBA	F	-1.22%
KMX	D	-1.22%
PSMT	B	-1.22%
ETSY	F	-1.21%
ASO	D	-1.21%
DLTR	F	-1.19%
SAH	B	-1.13%
DBI	F	-1.1%
CAL	C	-1.1%
EYE	F	-1.09%
ULTA	F	-1.08%
CWH	F	-1.07%
MNRO	F	-1.04%
FIVE	F	-1.03%
WINA	C	-0.96%
LESL	F	-0.82%
HZO	F	-0.73%
GRPN	F	-0.62%
WMK	B	-0.58%
IMKTA	F	-0.56%
SCVL	B	-0.53%
CRMT	D	-0.5%
GCO	F	-0.32%
QRTEA	D	-0.16%
ARKO	F	-0.11%