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Launched · SEC filings

Honeytree U.S. Equity ETF

BEEZNasdaqC

$34.98+0.06 (+0.16%)

At close: Oct 13, 2026, 4:00 PM

C44/ 100

Rank 74 of 127 in US Active Equity

C44/100Rank 74 of 127inUS Active Equity
Intraday session: up, 76 prints from 34.92 to 34.98. Range 34.81 to 35.08. Use the arrow keys to read each point.34.8034.8535.0510 AM12 PM2 PM4 PM
Expense ratio
0.64%
Fund size
$6M
1Y total return
+7.7%
Yield · Last 12 months
0.52%
Holdings
24
Avg volume · 30D
0M sh
NAV per share
$34.96
52W range
low $31.45high $35.74
Launched
Filings
SEC EDGAR

The ETF.net BEEZ Grade

Based on 5 of 6 pillars

C

Score 44 out of 100

Category
US Active Equity⁠
Rank
74 of 127
Six-pillar profile for BEEZ. Scores out of 100: Cost 56, Risk 44, Mission not scored, Tradability 23, Holdings 50, Durability 33. Strongest: Cost (56). Weakest: Tradability (23). Based on 5 of 6 pillars.

Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B56 out of 100
    Rank 56 of 127

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C44 out of 100
    Rank 85 of 126

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F23 out of 100
    Rank 107 of 127

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C50 out of 100
    Rank 77 of 124

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D33 out of 100
    Rank 113 of 127

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 Oct 13, 2026
Asset class
Stocks
Holdings
24
Top-10 weight
47%
Largest holding
NOW5.2%

Geography

  • United States86.99%
  • United Kingdom8.13%
  • Canada4.88%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NOWServiceNow Inc5.20%2,183$310K432
002AAgilent Technologies Inc5.03%1,737$300K317
003TMOThermo Fisher Scientific Inc4.87%438$290K375
004DSGXDescartes Systems Group Inc/The4.87%3,486$290K20
005VVisa Inc4.70%718$280K558
006CBOECboe Global Markets Inc4.53%873$270K332
007MAMastercard Inc4.53%459$270K526
008BMIBadger Meter Inc4.36%2,005$260K147
009LINLinde PLC4.36%544$260K338
010COSTCostco Wholesale Corp4.36%271$260K469
011FASTFastenal Co4.36%5,046$260K371
012CTASCintas Corp4.36%1,305$260K358
013BRBroadridge Financial Solutions Inc4.19%1,519$250K314
014SHWSherwin-Williams Co/The4.03%738$240K319
015EQIXEquinix Inc4.03%234$240K356

Showing 1–15 of 24 holdings

BEEZ Performance

Launched Nov 6, 2023

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

Not enough history yet.Not enough history yet.Not enough history yet.
BEEZ$10,767
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. BEEZ $10,767. SPY $12,044. Use the arrow keys to read each point.$9,499$10,874$12,249Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+6.6%
1 month+2.7%
3 months+4.1%
1 year+7.7%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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+6.6%
2025+5.6%
2024+10.4%
2023+15.0%

Since listing, Nov 6, 2023

BEEZ in the news

Filtered to BEEZ · US Active Equity

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 Oct 12, 2026.
0.52%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.
11.9%
Annualised · 34 months to Sep 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.
0.48
vs 3-month T-bills · 34 months to Sep 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%
35 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.
0.75
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 123 US Active Equity funds charge less.

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

Other funds in US Active Equity

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