ERNZ vs. FPE ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to First Trust Preferred Securities and Income ETF ETF (FPE)

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

$24.73

Average Daily Volume

11,187

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

FPE

First Trust Preferred Securities and Income ETF ETF

FPE Description

The investment seeks total return and to provide current income. The fund invests at least 80% of its net assets (including investment borrowings) in preferred securities ("Preferred Securities") and income-producing debt securities ("Income Securities"). It invests in securities that are traded over-the-counter or listed on an exchange. The fund may invest in U.S. and non-U.S. debt and equity securities that are traded over-the-counter or listed on an exchange. It invests at least 60% of its net assets in securities rated investment grade (BBB-/Baa3 or higher) at the time of purchase. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$17.96

Average Daily Volume

1,215,823

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	FPE
30 Days	-1.12%	-0.71%
60 Days	-0.16%	0.80%
90 Days	1.36%	2.71%
12 Months		17.41%

4 Overlapping Holdings

Symbol	Grade	Weight in ERNZ	Weight in FPE	Overlap
AGNC	C	0.72%	0.01%	0.01%
BIL	A	0.39%	1.22%	0.39%
SHV	A	1.01%	1.1%	1.01%
USFR	A	0.54%	1.21%	0.54%

ERNZ Overweight 164 Positions Relative to FPE

Symbol	Grade	Weight
CLM	A	3.5%
FSK	A	3.42%
TCPC	C	3.41%
OXLC	A	3.27%
INSW	F	3.22%
BCC	B	3.07%
GBDC	B	2.97%
TSLX	D	2.88%
CRF	A	2.79%
WSO	B	2.64%
QYLD	A	2.42%
KRP	B	2.27%
KR	A	1.72%
NEP	F	1.67%
GOF	A	1.51%
PSEC	F	1.37%
ABR	B	1.35%
DHT	D	1.29%
ABBV	F	1.27%
CTRA	B	1.22%
NAT	F	1.21%
HTGC	D	1.15%
MUR	D	1.11%
GNL	F	1.09%
CAH	B	1.06%
AVGO	C	1.05%
HRZN	F	1.05%
FDUS	A	1.0%
SPTN	F	0.97%
BKLN	A	0.97%
FANG	C	0.92%
RC	D	0.92%
GILD	B	0.89%
CWH	C	0.88%
XMHQ	B	0.87%
DKS	D	0.85%
CLX	A	0.85%
AOD	D	0.79%
ECC	D	0.76%
TRGP	B	0.74%
ARES	B	0.74%
TFLO	A	0.73%
DX	B	0.7%
ACP	A	0.6%
LRCX	F	0.52%
DAC	C	0.49%
FRO	D	0.44%
GBIL	A	0.44%
CCOI	C	0.43%
PDI	D	0.41%
VIRT	B	0.39%
GSBD	F	0.37%
OVV	C	0.35%
STLD	C	0.34%
GFF	B	0.33%
FCT	A	0.3%
DDS	B	0.29%
COST	B	0.28%
CNA	C	0.27%
SBR	B	0.27%
PMT	D	0.26%
STNG	F	0.26%
GNK	C	0.25%
KREF	D	0.25%
LVHI	D	0.24%
ARCH	B	0.24%
BAH	C	0.23%
NEAR	C	0.23%
UNIT	C	0.22%
PULS	A	0.22%
RA	D	0.21%
BTI	C	0.21%
NMFC	D	0.2%
BIZD	B	0.2%
SCHO	C	0.2%
BXMT	D	0.19%
MPC	D	0.19%
CWEN	D	0.18%
FLBL	A	0.18%
WINA	B	0.18%
SAH	B	0.18%
APAM	B	0.18%
SRLN	A	0.18%
COKE	C	0.17%
BRSP	B	0.17%
BGS	F	0.17%
RAVI	A	0.17%
ARCC	A	0.16%
ALB	C	0.16%
GIS	F	0.16%
PAG	B	0.16%
VNLA	A	0.16%
NEM	F	0.15%
ETD	D	0.15%
GOGL	C	0.15%
VRIG	A	0.15%
DVN	F	0.15%
ROL	C	0.15%
TSCO	D	0.15%
ICSH	A	0.15%
FLTR	A	0.15%
MINT	A	0.14%
AMRK	F	0.14%
FLRN	A	0.13%
MPW	F	0.13%
PBI	C	0.13%
FTSL	A	0.13%
LYTS	B	0.13%
HYGV	A	0.12%
JCPB	D	0.12%
MO	A	0.12%
HRB	D	0.12%
GFI	F	0.12%
OHI	C	0.12%
GOVT	D	0.12%
PCAR	B	0.11%
USDU	A	0.11%
IPAR	B	0.11%
JMST	A	0.11%
FTSM	A	0.11%
SHY	C	0.11%
HLI	B	0.11%
CIVI	D	0.11%
DEA	D	0.11%
FHI	A	0.1%
VGLT	D	0.1%
SQM	F	0.1%
CVI	F	0.1%
RYLD	A	0.1%
PNNT	B	0.1%
UVV	B	0.09%
WMK	B	0.09%
PTEN	C	0.09%
EDV	F	0.09%
ASC	F	0.09%
KMB	D	0.09%
FLOT	A	0.09%
ZROZ	F	0.09%
JPST	A	0.09%
XYLD	A	0.09%
HSY	F	0.09%
NGG	D	0.08%
AGZD	A	0.08%
K	A	0.08%
LGOV	D	0.08%
SJNK	A	0.08%
LADR	B	0.08%
PEP	D	0.08%
KOF	F	0.08%
IIPR	F	0.08%
OLN	F	0.08%
MAIN	A	0.08%
UTG	A	0.08%
CPB	F	0.08%
PFE	F	0.08%
JMBS	D	0.07%
AGZ	C	0.07%
CL	F	0.07%
RDY	F	0.06%
PG	C	0.06%
USA	A	0.06%
ARI	C	0.05%
IEF	F	0.04%
PFLT	D	0.04%

ERNZ Underweight 14 Positions Relative to FPE

Symbol	Grade	Weight
UZE	A	-0.49%
AQNB	C	-0.47%
BPYPN	C	-0.38%
BPYPO	B	-0.32%
SREA	D	-0.21%
AIZN	C	-0.21%
WTFCP	A	-0.18%
T	A	-0.18%
CMSC	C	-0.17%
CHSCM	D	-0.13%
CMSD	D	-0.12%
MGR	D	-0.05%
DTW	D	-0.03%
ACGLO	D	-0.0%