ERNZ vs. HFND ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to Unlimited HFND Multi-Strategy Return Tracker ETF (HFND)

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

$25.21

Average Daily Volume

11,875

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

HFND

Unlimited HFND Multi-Strategy Return Tracker ETF

HFND Description

The fund"s portfolio will generally consist of long and short positions in 30 to 50 Underlying ETFs and futures contracts. In addition, the fund may invest in swap agreements. It will not invest in hedge funds. To achieve an appropriate risk/return profile for the fund"s portfolio, the fund will also "short" the securities of Underlying ETFs. It is non-diversified.

Grade (RS Rating)

Last Trade

$22.80

Average Daily Volume

7,183

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	HFND
30 Days	1.89%	1.65%
60 Days	0.06%	2.50%
90 Days	1.25%	3.86%
12 Months		11.61%

1 Overlapping Holdings

	Symbol	Grade	Weight in ERNZ	Weight in HFND	Overlap
	BKLN	A	0.97%	5.13%	0.97%

ERNZ Overweight 167 Positions Relative to HFND

Symbol	Grade	Weight
CLM	A	3.68%
TCPC	C	3.58%
FSK	A	3.54%
OXLC	C	3.2%
BCC	B	3.04%
INSW	F	2.96%
TSLX	C	2.92%
GBDC	C	2.92%
CRF	B	2.91%
WSO	A	2.78%
QYLD	B	2.37%
KRP	B	2.22%
KR	B	1.68%
GOF	A	1.51%
NEP	F	1.47%
CTRA	B	1.36%
ABR	C	1.3%
DHT	F	1.28%
PSEC	D	1.23%
NAT	F	1.13%
CAH	B	1.13%
MUR	D	1.12%
ABBV	D	1.09%
HTGC	D	1.08%
FDUS	A	1.06%
HRZN	F	1.03%
SHV	A	1.01%
GNL	F	1.0%
RC	D	0.95%
AVGO	D	0.95%
FANG	D	0.91%
CWH	B	0.89%
DKS	C	0.88%
CLX	B	0.88%
XMHQ	B	0.87%
GILD	C	0.87%
TRGP	B	0.83%
SPTN	D	0.8%
AOD	D	0.77%
AGNC	D	0.75%
ARES	A	0.75%
TFLO	B	0.73%
DX	B	0.71%
ECC	D	0.7%
ACP	C	0.6%
USFR	A	0.54%
DAC	B	0.5%
LRCX	F	0.49%
VIRT	B	0.45%
FRO	F	0.45%
GBIL	B	0.44%
CCOI	B	0.42%
GFF	A	0.4%
PDI	C	0.4%
BIL	A	0.39%
OVV	B	0.38%
GSBD	F	0.36%
DDS	B	0.32%
STLD	B	0.32%
FCT	A	0.3%
COST	B	0.3%
SBR	B	0.28%
CNA	B	0.27%
ARCH	B	0.26%
PMT	D	0.26%
STNG	F	0.25%
KREF	D	0.24%
GNK	D	0.24%
LVHI	B	0.24%
NEAR	C	0.23%
UNIT	B	0.22%
BTI	B	0.22%
PULS	A	0.22%
RA	B	0.21%
NMFC	D	0.21%
BIZD	B	0.2%
SCHO	C	0.2%
CWEN	C	0.19%
BXMT	C	0.19%
BAH	F	0.19%
MPC	D	0.19%
ALB	C	0.18%
SAH	A	0.18%
APAM	B	0.18%
WINA	B	0.18%
FLBL	A	0.18%
SRLN	A	0.18%
BRSP	B	0.17%
COKE	C	0.17%
RAVI	A	0.17%
ARCC	A	0.16%
PAG	B	0.16%
VNLA	A	0.16%
LYTS	B	0.15%
VRIG	A	0.15%
ETD	C	0.15%
BGS	F	0.15%
ICSH	A	0.15%
FLTR	A	0.15%
ROL	B	0.15%
GIS	D	0.15%
TSCO	D	0.14%
NEM	D	0.14%
MINT	A	0.14%
DVN	F	0.14%
GOGL	F	0.14%
PBI	B	0.13%
FLRN	A	0.13%
FTSL	B	0.13%
GFI	D	0.12%
HYGV	A	0.12%
MPW	F	0.12%
JCPB	C	0.12%
MO	A	0.12%
GOVT	D	0.12%
OHI	C	0.12%
CIVI	D	0.11%
CVI	F	0.11%
USDU	A	0.11%
HRB	D	0.11%
JMST	B	0.11%
FTSM	B	0.11%
SHY	D	0.11%
HLI	B	0.11%
IPAR	B	0.11%
AMRK	F	0.11%
FHI	A	0.1%
VGLT	F	0.1%
RYLD	A	0.1%
PNNT	B	0.1%
PCAR	B	0.1%
DEA	D	0.1%
SQM	F	0.1%
PTEN	C	0.09%
MAIN	A	0.09%
EDV	F	0.09%
UVV	B	0.09%
UTG	A	0.09%
FLOT	A	0.09%
ZROZ	F	0.09%
JPST	A	0.09%
XYLD	A	0.09%
KMB	D	0.09%
HSY	F	0.09%
NGG	D	0.08%
CL	D	0.08%
AGZD	A	0.08%
K	A	0.08%
KOF	F	0.08%
PFE	D	0.08%
LGOV	F	0.08%
PEP	F	0.08%
OLN	D	0.08%
ASC	F	0.08%
SJNK	A	0.08%
CPB	D	0.08%
LADR	B	0.08%
WMK	C	0.08%
JMBS	C	0.07%
PG	A	0.07%
AGZ	C	0.07%
IIPR	D	0.07%
RDY	F	0.06%
USA	A	0.06%
ARI	C	0.05%
PFLT	D	0.04%
IEF	F	0.04%

ERNZ Underweight 8 Positions Relative to HFND

Symbol	Grade	Weight
ICVT	A	-4.02%
VFMO	A	-3.58%
CMBS	C	-3.43%
IGHG	B	-2.71%
VTWO	B	-1.62%
PFF	C	-0.38%
VMBS	C	--0.42%
XLRE	C	--1.1%