SUPP vs. BEEZ ETF Comparison

Comparison of Engine No. 1 ETF Trust Engine No. 1 Transform Supply Chain ETF (SUPP) to Honeytree U.S. Equity ETF (BEEZ)

SUPP

Engine No. 1 ETF Trust Engine No. 1 Transform Supply Chain ETF

SUPP Description

The fund is an actively managed exchange-traded fund ("ETF") that invests in U.S.-listed equity, ADR securities, and non-U.S. developed and emerging market-listed securities, which over time may vary as market and investment opportunities change. The fund may also enter into currency-related spot transactions when it transacts in equities denominated in foreign currencies or invest in certain derivative instruments, such as currency futures or forwards that will help the adviser manage risk associated with foreign currency exposure, if any, or futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$62.87

Average Daily Volume

1,294

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

$29.09

Average Daily Volume

1,116

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SUPP	BEEZ
30 Days	-3.98%	-2.96%
60 Days	-2.90%	-5.01%
90 Days	5.33%	0.66%
12 Months	32.44%

1 Overlapping Holdings

	Symbol	Grade	Weight in SUPP	Weight in BEEZ	Overlap
	LRCX	D	6.01%	4.12%	4.12%

SUPP Overweight 9 Positions Relative to BEEZ

Symbol	Grade	Weight
MLM	D	9.08%
WCN	D	7.94%
WSC	F	6.98%
WM	C	6.87%
TSM	C	5.73%
NSC	D	4.95%
TDG	A	4.82%
FERG	B	4.68%
VMC	C	4.58%

SUPP Underweight 9 Positions Relative to BEEZ

Symbol	Grade	Weight
CMI	C	-4.47%
SHW	D	-4.29%
EW	D	-4.29%
TSCO	A	-4.28%
APD	C	-4.25%
FAST	D	-4.23%
A	C	-4.19%
MAS	D	-4.17%
TXN	A	-4.11%