MVAL vs. BEEZ ETF Comparison

Comparison of SHL Telemedicine Ltd VanEck Morningstar Wide Moat Value ETF (MVAL) to Honeytree U.S. Equity ETF (BEEZ)

MVAL

SHL Telemedicine Ltd VanEck Morningstar Wide Moat Value ETF

MVAL Description

The fund invests at least 80% of its total assets in securities that comprise the fund"s benchmark index. The index is comprised of equity securities of companies that Morningstar, Inc. determines have sustainable competitive advantages based on a proprietary methodology that considers quantitative and qualitative factors and are attractively priced and weighted according to a modified equal weighting scheme that tilts exposure in favor of pure value companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.37

Average Daily Volume

906

Number of Holdings ^*

10

* 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

$28.56

Average Daily Volume

1,151

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	MVAL	BEEZ
30 Days	-3.66%	-5.95%
60 Days		-6.29%
90 Days		-1.33%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in MVAL	Weight in BEEZ	Overlap
	MAS	D	4.38%	4.17%	4.17%

MVAL Overweight 9 Positions Relative to BEEZ

	Symbol	Grade	Weight
	RTX	A	4.35%
	IFF	B	4.33%
	SCHW	A	4.28%
	USB	C	4.21%
	ZBH	D	4.2%
	MDT	C	4.07%
	BMY	F	4.0%
	CMCSA	F	3.99%
	MO	A	3.99%

MVAL Underweight 9 Positions Relative to BEEZ

	Symbol	Grade	Weight
	CMI	B	-4.47%
	SHW	D	-4.29%
	EW	D	-4.29%
	TSCO	A	-4.28%
	APD	C	-4.25%
	FAST	C	-4.23%
	A	C	-4.19%
	LRCX	D	-4.12%
	TXN	A	-4.11%

MVAL: Top Represented Industries & Keywords

Industries: Medical Devices Aerospace & Defense Banks - Regional - US Building Materials Capital Markets Drug Manufacturers - Major Pay TV Specialty Chemicals Tobacco

Keywords: S&P 500 Atrial Fibrillation Bank Banking Bone Hypertension Medicine Spine Surgical Products ATM Ablation Ablation Products Advanced Energy Advertising Services Aerospace Aerospace Systems Aerostructure Aesthetics Air Freshener Amusement Parks

BEEZ: Top Represented Industries & Keywords

Industries: Building Materials Chemicals Diagnostics & Research Diversified Industrials Industrial Distribution Medical Devices Semiconductor Equipment & Materials Semiconductors Specialty Chemicals Specialty Retail

Keywords: S&P 500 Mining Nasdaq 100 Semiconductor Hardware Store Integrated Circuits Materials Science Natural Gas Oxygen Plumbing Transistor Acid Adhesives Air Separation Alternator Ammonia Analog Devices Analog Products Analytical Chemistry Animal Product