ERNZ vs. GAA ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to Cambria Global Asset Allocation ETF (GAA)

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

$24.78

Average Daily Volume

10,660

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

GAA

Cambria Global Asset Allocation ETF

GAA Description

The investment seeks to track the performance, before fees and expenses, of the Cambria Global Asset Allocation Index. Under normal market conditions, the fund invests at least 80% of its total assets in the components of the underlying index or in depositary receipts representing components of the underlying index. The underlying index is designed to provide diversified exposure, including inverse exposure, to all of the major world asset classes in the various regions, countries and sectors around the globe.

Grade (RS Rating)

Last Trade

$29.22

Average Daily Volume

9,438

Number of Holdings ^*

19

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	GAA
30 Days	-0.66%	0.24%
60 Days	-0.51%	-0.74%
90 Days	0.24%	1.42%
12 Months		13.97%

1 Overlapping Holdings

	Symbol	Grade	Weight in ERNZ	Weight in GAA	Overlap
	VGLT	D	0.1%	1.82%	0.1%

ERNZ Overweight 167 Positions Relative to GAA

	Symbol	Grade	Weight
	CLM	B	3.79%
	TCPC	C	3.51%
	FSK	A	3.48%
	OXLC	B	3.31%
	INSW	F	3.07%
	BCC	B	3.05%
	CRF	B	2.98%
	GBDC	D	2.98%
	TSLX	C	2.89%
	WSO	A	2.69%
	QYLD	B	2.44%
	KRP	B	2.27%
	KR	B	1.7%
	NEP	F	1.54%
	GOF	A	1.51%
	ABR	C	1.36%
	DHT	F	1.34%
	CTRA	B	1.26%
	NAT	F	1.16%
	PSEC	D	1.16%
	MUR	D	1.13%
	CAH	B	1.12%
	HTGC	D	1.11%
	ABBV	F	1.08%
	FDUS	A	1.05%
	HRZN	F	1.03%
	SHV	A	1.01%
	AVGO	D	1.0%
	GNL	F	1.0%
	BKLN	A	0.97%
	RC	D	0.93%
	CWH	B	0.91%
	FANG	C	0.91%
	GILD	C	0.9%
	DKS	D	0.87%
	CLX	A	0.87%
	XMHQ	B	0.86%
	AOD	D	0.78%
	SPTN	D	0.77%
	TRGP	A	0.76%
	TFLO	B	0.74%
	ARES	A	0.73%
	ECC	D	0.73%
	AGNC	C	0.73%
	DX	B	0.71%
	ACP	C	0.61%
	USFR	A	0.54%
	LRCX	F	0.51%
	DAC	C	0.51%
	FRO	D	0.46%
	GBIL	B	0.44%
	VIRT	A	0.42%
	PDI	D	0.4%
	GFF	A	0.39%
	BIL	A	0.39%
	CCOI	B	0.39%
	OVV	B	0.37%
	GSBD	F	0.36%
	DDS	B	0.32%
	STLD	B	0.31%
	FCT	A	0.3%
	COST	A	0.29%
	SBR	B	0.27%
	STNG	F	0.26%
	GNK	D	0.26%
	CNA	C	0.26%
	PMT	C	0.25%
	KREF	C	0.24%
	ARCH	B	0.24%
	LVHI	B	0.24%
	NEAR	C	0.23%
	PULS	A	0.22%
	RA	C	0.21%
	NMFC	D	0.21%
	BTI	B	0.21%
	BAH	F	0.2%
	BIZD	B	0.2%
	UNIT	B	0.2%
	SCHO	C	0.2%
	MPC	D	0.19%
	WINA	C	0.18%
	FLBL	A	0.18%
	APAM	B	0.18%
	CWEN	C	0.18%
	SAH	C	0.18%
	BXMT	C	0.18%
	SRLN	A	0.18%
	ALB	B	0.17%
	COKE	C	0.17%
	BRSP	C	0.17%
	RAVI	A	0.17%
	GOGL	F	0.16%
	ARCC	A	0.16%
	PAG	B	0.16%
	VNLA	A	0.16%
	DVN	F	0.15%
	LYTS	B	0.15%
	BGS	F	0.15%
	VRIG	A	0.15%
	ETD	C	0.15%
	ICSH	A	0.15%
	FLTR	A	0.15%
	ROL	B	0.15%
	GIS	D	0.15%
	MINT	A	0.14%
	TSCO	D	0.14%
	FLRN	A	0.13%
	FTSL	A	0.13%
	NEM	D	0.13%
	HYGV	A	0.12%
	PBI	B	0.12%
	MPW	F	0.12%
	JCPB	D	0.12%
	MO	A	0.12%
	OHI	C	0.12%
	GOVT	D	0.12%
	GFI	D	0.11%
	CIVI	D	0.11%
	HLI	A	0.11%
	CVI	F	0.11%
	USDU	A	0.11%
	JMST	B	0.11%
	FTSM	B	0.11%
	SHY	D	0.11%
	IPAR	B	0.11%
	HRB	D	0.11%
	AMRK	F	0.11%
	HSY	F	0.1%
	FHI	B	0.1%
	SQM	D	0.1%
	PNNT	C	0.1%
	RYLD	A	0.1%
	PCAR	B	0.1%
	DEA	D	0.1%
	UVV	B	0.09%
	UTG	A	0.09%
	EDV	F	0.09%
	WMK	C	0.09%
	KMB	C	0.09%
	FLOT	A	0.09%
	ZROZ	F	0.09%
	JPST	A	0.09%
	XYLD	A	0.09%
	AGZD	A	0.08%
	KOF	F	0.08%
	K	A	0.08%
	LGOV	D	0.08%
	OLN	F	0.08%
	SJNK	A	0.08%
	ASC	F	0.08%
	PFE	F	0.08%
	LADR	B	0.08%
	CPB	D	0.08%
	PEP	F	0.08%
	MAIN	A	0.08%
	PTEN	C	0.08%
	JMBS	D	0.07%
	AGZ	C	0.07%
	IIPR	D	0.07%
	NGG	D	0.07%
	CL	D	0.07%
	RDY	F	0.06%
	USA	B	0.06%
	PG	C	0.06%
	ARI	C	0.05%
	PFLT	D	0.04%
	IEF	F	0.04%

ERNZ Underweight 18 Positions Relative to GAA

	Symbol	Grade	Weight
	EYLD	D	-9.31%
	PDBC	C	-5.72%
	GVAL	D	-5.64%
	QMOM	A	-5.61%
	VAMO	A	-4.66%
	FYLD	D	-4.56%
	SYLD	A	-4.25%
	BAR	C	-4.12%
	HYEM	A	-4.01%
	VCIT	D	-2.94%
	JPMB	D	-2.94%
	SCHP	D	-2.63%
	WIP	F	-2.25%
	IMOM	D	-2.02%
	IHY	D	-1.97%
	VGIT	D	-1.9%
	GDX	C	-1.08%
	BOXX	A	-0.98%

ERNZ: Top Represented Industries & Keywords

Industries: Asset Management Shipping & Ports Oil & Gas E&P REIT - Diversified Household & Personal Products Packaged Foods Beverages - Soft Drinks Capital Markets Drug Manufacturers - Major Specialty Retail Tobacco Auto & Truck Dealerships Business Services Gold Grocery Stores Oil & Gas Drilling Oil & Gas Refining & Marketing REIT - Healthcare Facilities REIT - Industrial REIT - Office

Keywords: Exchange Traded Fund ETF S&P 500 Bond Private Equity Structured Finance Real Estate Investment Trust Bond Market Loan U.S. Treasury Business Development Mezzanine Capital Mortgage Backed Security Mortgage Loan Bloomberg Barclays Us Aggregate Bond Index Index Fund U.S. Government Crude Oil Debt Securities Debt

GAA: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Bond Market Indices Index Fund Merrill Lynch Bloomberg Barclays Us Aggregate Bond Index Fixed Income Inflation Shareholder Yield Stock Fund U.S. Treasury Corporate Bond Debt Securities Dividend Government Bond High Yield Debt Investment Management Stock Market Index U.S. Government