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BEEZ

GradeCNASDAQ Global Market

Honeytree U.S. Equity ETF

Active Equity · Honeytree · Inception 2023-11-06 · SEC filings

$34.40+0.03 (+0.09%)

As of Sep 23, 2026, 3:09 PM EDT

History starts Nov 6, 2023.
Intraday session: up, 63 prints from 34.36 to 34.40. Range 34.09 to 34.45. Use the arrow keys to read each point.$34.10$34.20$34.3010 AM12 PM2 PM4 PM
Expense ratio
0.64%
Fund size
$6M
1Y return
+3.2%
Yield · Last 12 months
0.53%
Volume · 30D
0M sh
NAV per share
$34.26
52W range
low $31.45high $35.74

The ETF.net BEEZ Grade

C

40/ 100

Rank 80 of 127 in US Active Equity⁠

Confidence Medium

Six-pillar profile for BEEZ. Scores out of 100: Cost 56, Risk 44, Mission not scored, Tradability 0, Holdings 51, Durability 34. Strongest: Cost (56). Weakest: Tradability (0). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 56
    Category rank56/127 · top 44%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 44
    Category rank86/126 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 0
    Category rank127/127 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 51
    Category rank77/124 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 34
    Category rank110/127 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on BEEZ

ETF.net Research

CA boutique swing at responsible investing: BEEZ runs a concentrated, actively managed book of U.S. companies screened for growth, profitability and its own exclusion rules. Small, young, and unapologetically hand-picked.

Stated mandate

The Fund seeks capital appreciation by investing primarily in responsibly growing companies through an actively managed, concentrated U.S. equity strategy.

Why people hold it

  1. 01Genuinely active and concentrated: a focused U.S. stock portfolio chosen for growth and profitability, not an index tracker with an ESG label bolted on.
  2. 02The 0.64% fee sits right around what active U.S. equity managers typically charge, so the boutique story doesn't come with a boutique markup.
  3. 03The responsible-investing piece is written into the prospectus as named exclusion screens, so the guardrails are documented rather than left to mood.
  4. 04Plain 1940 Act ETF plumbing: no K-1, income distributed quarterly and capital gains annually.

Worth knowing

  1. 01A small, thinly traded fund. Spreads can run wider and fills less predictable than in the heavily traded names in this category.
  2. 02Broad systematic rivals like DFAU (0.12%) and AVLC (0.15%) cover U.S. equity for a fraction of the fee, minus the concentration and the values screen.
  3. 03Launched in 2023, so the track record is short and the strategy hasn't yet been tested across a full market cycle.

BEEZ Holdings

As of Sep 20, 2026, 10:16 AM
Asset class
Stocks
Holdings
—
Top-10 weight
46%
Largest holding
NOW5.2%

Geography

  • United States86.77%
  • United Kingdom8.36%
  • Canada4.87%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NOWServiceNow Inc5.18%2,183$300K426
002TMOThermo Fisher Scientific Inc5.01%438$290K369
003BMIBadger Meter Inc4.66%2,005$270K149
004DSGXDescartes Systems Group Inc/The4.66%3,486$270K17
005AAgilent Technologies Inc4.66%1,737$270K311
006MAMastercard Inc4.49%459$260K512
007VVisa Inc4.49%718$260K550
008CTASCintas Corp4.49%1,305$260K346
009BRBroadridge Financial Solutions Inc4.32%1,519$250K315
010LINLinde PLC4.32%544$250K272
011FASTFastenal Co4.32%5,046$250K363
012ATRAptarGroup Inc4.15%1,962$240K167
013COSTCostco Wholesale Corp4.15%271$240K465
014CBOECboe Global Markets Inc4.15%873$240K320
015SHWSherwin-Williams Co/The4.15%738$240K316

Showing 1–15 of 24 holdings

BEEZ Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

BEEZ$10,321
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. BEEZ $10,321. SPY $11,723. Use the arrow keys to read each point.$9,315$10,629$11,943Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BEEZ. Periods over one year show the average yearly return.
PeriodBEEZ
Year to date+4.8%
1 month−3.4%
3 months+4.8%
1 year+3.2%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BEEZ
YearReturn barBEEZ
2026 YTD+4.8%
2025+5.6%
2024+10.4%
2023+15.0%

Since listing, Nov 6, 2023

BEEZ in the news

ETF.net Research hasn’t filed on BEEZ yet — coverage lands here as it’s written.

BEEZ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.53%Last 12 months
Payout per share
$0.18Last 12 months
Last payment
$0.18 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2023–2026

One bar per payment. 3 payments from 2023 to 2026 YTD. Dec 28, 2023 $0.05; Dec 30, 2024 $0.19; Dec 23, 2025 $0.18. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Dec 23, 2025Dec 24, 2025$0.18
Dec 30, 2024Dec 31, 2024$0.19
Dec 28, 2023Jan 3, 2024$0.05

BEEZ Risk

How much the fund’s monthly returns vary, scaled to a year.
11.8%
Annualised · 33 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.61
vs 3-month T-bills · 33 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−18.6%
34 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.73
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BEEZ Cost

Expense ratio0.64%
  • The middle half of US Active Equity funds
  • Median 0.70%

54 of the 124 US Active Equity funds charge less.

BEEZ costs $64.00 a year on $10,000. The median US Active Equity fund costs $70.00.