ERNZ vs. BOAT ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to SonicShares Global Shipping ETF (BOAT)

ERNZ

TrueShares Active Yield ETF

ERNZ Description

The fund is an actively-managed ETF that seeks to deliver above-average yield relative to the broader market by purchasing a portfolio of 50 to 150 income generating securities. In pursuing its investment objective the fund also employs a secondary focus on capital preservation and the opportunity for long term growth of capital by seeking lower relative volatility compared to the broader market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.89

Average Daily Volume

184,721

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BOAT

SonicShares Global Shipping ETF

BOAT Description

The investment seeks to track the performance, before fees and expenses, of the Solactive Global Shipping Index. The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund?s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. It also may invest in securities or other investments not included in the index, but which the fund?s investment adviser believes will help it track the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$36.61

Average Daily Volume

25,800

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	BOAT
30 Days	-1.92%	-3.00%
60 Days	0.60%	11.63%
90 Days		22.21%
12 Months		48.75%

3 Overlapping Holdings

Symbol	Grade	Weight in ERNZ	Weight in BOAT	Overlap
DHT	D	2.42%	1.65%	1.65%
INSW	C	2.67%	3.91%	2.67%
NAT	D	2.32%	0.75%	0.75%

ERNZ Overweight 6 Positions Relative to BOAT

Symbol	Grade	Weight
TSLX	A	2.73%
GOF	A	2.71%
CLM	A	2.58%
OCSL	D	2.45%
GNL	C	2.14%
CNA	B	1.88%

ERNZ Underweight 21 Positions Relative to BOAT

Symbol	Grade	Weight
MATX	B	-4.34%
STNG	B	-4.29%
SBLK	D	-3.95%
GOGL	D	-2.45%
ZIM	B	-2.27%
BWLP	D	-2.25%
TNK	C	-1.81%
CMRE	C	-1.7%
SFL	C	-1.66%
DAC	C	-1.55%
LPG	C	-1.47%
ECO	D	-1.36%
FLNG	C	-1.31%
NVGS	B	-1.11%
GSL	C	-0.88%
ASC	C	-0.82%
GNK	D	-0.79%
SB	C	-0.57%
PANL	C	-0.32%
DSX	D	-0.3%
ESEA	B	-0.22%

ERNZ: Top Represented Industries & Keywords

Industries: Shipping & Ports Asset Management Credit Services Insurance - Property & Casualty REIT - Diversified

BOAT: Top Represented Industries & Keywords

Industries: Shipping & Ports Marine Shipping Integrated Shipping & Logistics Oil & Gas Midstream