EQTY vs. BEEZ ETF Comparison

Comparison of Kovitz Core Equity ETF (EQTY) to Honeytree U.S. Equity ETF (BEEZ)

EQTY

Kovitz Core Equity ETF

EQTY Description

The Kovitz Core Equity ETF seeks long-term capital appreciation. Through our fundamental, research-driven process, we strive to build diversified portfolios of equity investments through the purchase of competitively advantaged and financially strong companies at prices substantially less than our estimate of their intrinsic values.

Grade (RS Rating)

Last Trade

$24.05

Average Daily Volume

36,471

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	EQTY	BEEZ
30 Days	1.82%	1.11%
60 Days	5.20%	2.05%
90 Days	6.52%	4.98%
12 Months	28.67%	25.00%

1 Overlapping Holdings

	Symbol	Grade	Weight in EQTY	Weight in BEEZ	Overlap
	V	A	3.77%	4.04%	3.77%

EQTY Overweight 37 Positions Relative to BEEZ

Symbol	Grade	Weight
META	D	4.81%
AMZN	C	4.81%
SCHW	B	4.68%
GOOG	C	4.14%
BDX	F	3.98%
KEYS	A	3.93%
CRM	B	3.76%
PM	B	3.75%
J	D	3.58%
ICE	C	3.4%
KMX	B	3.36%
FI	A	3.18%
LOW	C	3.16%
BRK.A	B	3.16%
PCAR	B	3.13%
AXP	A	3.02%
ORCL	A	2.96%
AON	A	2.92%
JPM	A	2.57%
PPG	F	2.36%
MSI	B	2.08%
AAPL	C	1.89%
DLTR	F	1.86%
ANET	C	1.84%
ADI	D	1.73%
DEO	F	1.72%
AMAT	F	1.67%
HAS	D	1.07%
AMD	F	0.94%
HAYW	B	0.65%
GOOGL	C	0.49%
MSFT	D	0.24%
SYK	B	0.13%
GGG	B	0.1%
VRSK	A	0.08%
ABT	B	0.06%
EFX	F	0.06%

EQTY Underweight 24 Positions Relative to BEEZ

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%
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%