# Tidal Trust III - The BeeHive ETF (BEEX): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/beex for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Cannell & Spears · Asset class: Equity - Strategy: Actively Managed · Inception: 2024-12-16 BEEX focuses on large and mid-cap US equity securities, primarily investing in companies that demonstrate competitive advantages. It also has the flexibility to include small-cap stocks, foreign securities, and domestic fixed-income securities like high-yield bonds. The approach is quite intentional, emphasizing specific security selection over asset allocation to support long-term growth. The sub-adviser takes a deep-dive research method, analyzing company filings and having discussions with management to grasp each companys industry standing better. They look for firms with dynamic busine... ## Key Facts | Metric | Value | |---|---| | Price | $27.77 | | Expense Ratio | 0.84% | | Assets Under Management | $190.7M | | NAV | $27.60 | | Holdings Count | 0 | | Distribution Yield (TTM) | 0.32% | | Annual Distribution (TTM) | $0.09 /share | | Distribution Frequency | Annual | | 52-Week Range | $23.60 – $28.47 | | Beta | 0.86 | ## Latest Distribution - Amount: $0.0890 /share - Ex-date: 2025-12-23 - Pay date: 2025-12-24 ## Frequently Asked Questions ### What does BEEX invest in? BEEX focuses on large and mid-cap US equity securities, primarily investing in companies that demonstrate competitive advantages. It also has the flexibility to include small-cap stocks, foreign securities, and domestic fixed-income securities like high-yield bonds. The approach is quite intentional, emphasizing specific security selection over asset allocation to support long-term growth. The sub-adviser takes a deep-dive research method, analyzing company filings and having discussions with management to grasp each companys industry standing better. They look for firms with dynamic business models and potential catalysts for unlocking value, placing a preference on those with favorable risk-return profiles over a three-year horizon. The fund can concentrate more than 25% of its assets in a single sector when it sees fit. Securities are regularly assessed and may be sold if a better opportunity comes along. The fund converted from a mutual fund to an ETF with $171 million in assets. ### What is the expense ratio of BEEX? Tidal Trust III - The BeeHive ETF (BEEX) charges an expense ratio of 0.84%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is BEEX? Tidal Trust III - The BeeHive ETF (BEEX) manages $190.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is BEEX actively managed or an index fund? BEEX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (BEEX's is 0.84%) in exchange for the discretion to over- or under-weight positions. ### When was BEEX launched? Tidal Trust III - The BeeHive ETF (BEEX) launched in December 2024 and is managed by Cannell & Spears. ### How has BEEX performed? BEEX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does BEEX pay a dividend? Tidal Trust III - The BeeHive ETF (BEEX) currently distributes little or no income. Trailing-twelve-month yield is 0.32%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does BEEX pay dividends? Tidal Trust III - The BeeHive ETF pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is BEEX's dividend yield? BEEX's trailing-twelve-month yield is 0.32%, calculated from the sum of dividends over the past year divided by the current price. ### When is BEEX's next ex-dividend date? The most recently announced ex-dividend date for BEEX was 2025-12-23. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will BEEX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.84% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does BEEX charge its expense ratio? The expense ratio is deducted in tiny daily slices from BEEX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does BEEX cost more than a fund like VOO? BEEX is actively managed (current expense ratio 0.84%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether BEEX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to BEEX? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as BEEX (0.84%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/beex - Distribution history: https://www.dividenddata.com/funds/beex/dividend - Holdings & diversification: https://www.dividenddata.com/funds/beex/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/beex/expenses - Peer comparison: https://www.dividenddata.com/funds/beex/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.