ERNZ vs. IYLD ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to iShares Morningstar Multi-Asset Income ETF (IYLD)

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

IYLD

iShares Morningstar Multi-Asset Income ETF

IYLD Description

The investment seeks to track the investment results of the Morningstar® Multi-Asset High Income IndexSM. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. The index is broadly diversified and seeks to deliver high current income while maintaining long-term capital appreciation. The fund is a fund-of-funds and invests primarily in the securities of the underlying funds that themselves seek investment results corresponding to their own underlying indexes.

Grade (RS Rating)

Last Trade

$20.14

Average Daily Volume

15,430

Number of Holdings ^*

11

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	IYLD
30 Days	-0.66%	-0.93%
60 Days	-0.51%	-1.77%
90 Days	0.24%	-0.48%
12 Months		10.11%

2 Overlapping Holdings

	Symbol	Grade	Weight in ERNZ	Weight in IYLD	Overlap
	AGZ	C	0.07%	5.01%	0.07%
	FLOT	A	0.09%	15.24%	0.09%

ERNZ Overweight 166 Positions Relative to IYLD

	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%
	VGLT	D	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%
	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%
	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 9 Positions Relative to IYLD

	Symbol	Grade	Weight
	PFF	D	-15.38%
	USHY	A	-15.21%
	ISTB	C	-15.08%
	ILF	F	-10.04%
	EFV	D	-8.97%
	CEMB	C	-5.03%
	LEMB	F	-4.91%
	USRT	C	-3.34%
	REET	C	-1.7%

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

IYLD: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Index Fund Bond Market Corporate Bond Bloomberg Barclays Us Aggregate Bond Index Exchange Traded Funds Real Estate Investment Trust U.S. Government Barclays U.S. Government Bond Market Indices Currency Debenture Debt EAFE Epra Index European Public Real Estate Association Futures Markets Investment Trust