FCTE vs. BEEZ ETF Comparison

Comparison of SMI 3Fourteen Full-Cycle Trend ETF (FCTE) to Honeytree U.S. Equity ETF (BEEZ)

FCTE

SMI 3Fourteen Full-Cycle Trend ETF

FCTE Description

The fund is actively managed and typically owns 20 domestic stocks that are normally included in the S&P 500 Index ("S&P 500"). The FCT strategy is based on a proprietary model developed by 3Fourteen that selects stocks based on quality stock screens and trend factors such as return on capital and cash flow stability, earnings growth, return on investment, momentum, linear regression and trend analysis. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.48

Average Daily Volume

113,504

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

$31.92

Average Daily Volume

606

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FCTE	BEEZ
30 Days	-3.60%	-1.58%
60 Days	-1.98%	1.08%
90 Days	3.09%	6.03%
12 Months

2 Overlapping Holdings

	Symbol	Grade	Weight in FCTE	Weight in BEEZ	Overlap
	LRCX	F	4.76%	3.61%	3.61%
	TSCO	D	4.77%	3.8%	3.8%

FCTE Overweight 18 Positions Relative to BEEZ

Symbol	Grade	Weight
DECK	B	5.46%
APH	B	5.42%
MCK	C	5.29%
META	B	5.2%
RMD	A	5.2%
GD	C	5.17%
GOOGL	A	5.17%
RSG	D	5.15%
BRO	B	5.14%
MSFT	D	5.1%
NTAP	D	5.03%
DPZ	B	5.0%
MCO	D	5.0%
PHM	D	4.8%
CL	F	4.75%
AMAT	F	4.72%
KLAC	F	4.47%
MTD	D	4.42%

FCTE Underweight 23 Positions Relative to BEEZ

Symbol	Grade	Weight
OLED	F	-4.69%
NOW	A	-4.43%
FAST	A	-4.3%
ATR	A	-4.28%
ACN	C	-4.22%
EQIX	B	-4.2%
HD	B	-4.19%
APD	B	-4.11%
MA	B	-4.11%
CMI	B	-4.09%
MAS	D	-4.09%
EW	D	-4.04%
TXN	A	-4.03%
V	A	-3.99%
COST	D	-3.96%
ITW	A	-3.93%
WTS	D	-3.9%
SHW	D	-3.85%
INTU	D	-3.67%
ZTS	D	-3.55%
A	D	-3.54%
AMT	D	-3.4%
TMO	D	-3.37%