BEEZ vs. XSHQ ETF Comparison

Comparison of Honeytree U.S. Equity ETF (BEEZ) to PowerShares S&P SmallCap Quality Portfolio (XSHQ)

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

XSHQ

PowerShares S&P SmallCap Quality Portfolio

XSHQ Description

The PowerShares S&P SmallCap Quality Portfolio (the "Fund") is based on the S&P SmallCap 600 Quality Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index that have the highest quality score, which is calculated based on the average of three fundamental measures: return on equity, accruals ratio and financial leverage ratio. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of June and December.

Grade (RS Rating)

Last Trade

$46.09

Average Daily Volume

59,217

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	BEEZ	XSHQ
30 Days	1.11%	6.69%
60 Days	2.05%	7.76%
90 Days	4.98%	9.41%
12 Months	25.00%	28.24%

0 Overlapping Holdings

	Symbol	Grade	Weight in BEEZ	Weight in XSHQ	Overlap

BEEZ Overweight 25 Positions Relative to XSHQ

Symbol	Grade	Weight
INTU	B	4.17%
HD	B	4.13%
ACN	B	4.11%
COST	A	4.1%
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 114 Positions Relative to XSHQ

Symbol	Grade	Weight
MLI	B	-4.25%
JXN	C	-3.19%
AWI	A	-2.57%
KTB	B	-2.13%
APAM	B	-2.07%
BMI	B	-1.98%
PJT	A	-1.92%
CORT	B	-1.92%
ALKS	C	-1.92%
JBT	B	-1.8%
IBP	D	-1.74%
LNC	C	-1.71%
BCC	B	-1.64%
FSS	B	-1.6%
FTDR	B	-1.58%
WDFC	B	-1.58%
SIG	B	-1.51%
BCPC	B	-1.46%
POWL	C	-1.44%
CEIX	A	-1.4%
SM	B	-1.36%
RDN	D	-1.33%
IDCC	B	-1.33%
AX	B	-1.32%
MHO	D	-1.3%
FELE	B	-1.26%
CRVL	B	-1.24%
AGO	B	-1.21%
CNS	B	-1.2%
ASO	F	-1.15%
FBP	C	-1.14%
AGYS	A	-1.14%
TBBK	B	-1.11%
GMS	B	-1.1%
BRC	D	-1.08%
AMR	C	-1.06%
ARCH	B	-1.05%
DORM	B	-1.03%
HP	C	-1.02%
CATY	B	-0.98%
AEO	F	-0.98%
NMIH	C	-0.94%
OTTR	C	-0.89%
LCII	C	-0.85%
EPAC	C	-0.85%
PAYO	A	-0.84%
SHOO	F	-0.84%
UE	B	-0.81%
PATK	C	-0.79%
PLMR	A	-0.78%
IOSP	C	-0.77%
CASH	B	-0.74%
ROCK	C	-0.71%
APOG	C	-0.7%
BKE	B	-0.7%
YELP	C	-0.7%
OFG	B	-0.61%
IPAR	B	-0.61%
SXI	B	-0.6%
PRG	C	-0.59%
HWKN	B	-0.58%
WOR	F	-0.58%
CENX	B	-0.58%
DFIN	D	-0.56%
ANDE	D	-0.55%
CHCO	B	-0.54%
TNC	D	-0.54%
MCY	A	-0.54%
WS	C	-0.53%
WABC	B	-0.52%
CENTA	C	-0.52%
KLG	B	-0.52%
BANF	B	-0.51%
LKFN	C	-0.51%
ASTH	F	-0.5%
GIII	D	-0.49%
NHC	C	-0.48%
AMWD	C	-0.47%
GRBK	D	-0.47%
FIZZ	C	-0.45%
CSGS	B	-0.44%
WT	A	-0.44%
PLAB	C	-0.43%
DNOW	B	-0.43%
VRTS	B	-0.43%
PDCO	F	-0.43%
TILE	B	-0.42%
ATEN	A	-0.42%
AMSF	B	-0.41%
PFBC	B	-0.4%
GDEN	B	-0.39%
STAA	F	-0.39%
COLL	F	-0.38%
LNN	B	-0.37%
HRMY	D	-0.37%
CAL	F	-0.36%
EIG	B	-0.36%
WNC	C	-0.35%
MCRI	A	-0.35%
OXM	F	-0.35%
HCI	C	-0.31%
LPG	F	-0.31%
JBSS	F	-0.29%
REX	D	-0.27%
MNRO	D	-0.23%
PCRX	C	-0.22%
IIIN	C	-0.22%
CVI	F	-0.18%
LQDT	B	-0.16%
SLP	D	-0.14%
RES	D	-0.13%
GES	F	-0.12%
NPK	B	-0.11%
USNA	C	-0.11%