ERNZ vs. PXJ ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to PowerShares Dynamic Oil Services (PXJ)

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

$24.19

Average Daily Volume

10,240

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

PXJ

PowerShares Dynamic Oil Services

PXJ Description

The PowerShares Dynamic Oil & Gas Services Portfolio (Fund) is based on the Dynamic Oil & Gas Services IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is composed of stocks of 30 U.S. companies that assist in the production, processing and distribution of oil and gas. The Underlying Intellidex Index may include companies that are engaged in the drilling of oil and gas wells; manufacturing oil and gas field machinery and equipment; or providing services to the oil and gas industry, such as well analysis, platform and pipeline engineering and construction, logistics and transportation services, oil and gas well emergency management and geophysical data acquisition and processing. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$27.11

Average Daily Volume

56,409

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	PXJ
30 Days	-3.72%	-9.21%
60 Days	-1.99%	-11.11%
90 Days	-1.24%	-11.22%
12 Months		-8.98%

4 Overlapping Holdings

Symbol	Grade	Weight in ERNZ	Weight in PXJ	Overlap
DHT	F	2.71%	2.94%	2.71%
INSW	F	2.71%	2.73%	2.71%
PTEN	F	0.12%	4.77%	0.12%
STNG	F	0.56%	2.58%	0.56%

ERNZ Overweight 154 Positions Relative to PXJ

Symbol	Grade	Weight
CLM	A	3.22%
ABR	B	3.14%
GOF	A	3.09%
NAT	F	2.75%
HTGC	C	2.63%
PSEC	D	2.6%
GNL	D	2.5%
CRF	A	2.36%
TSLX	D	2.15%
ECC	A	1.97%
RC	F	1.85%
OXLC	A	1.83%
XMHQ	D	1.82%
DX	C	1.57%
NEP	F	1.56%
PDI	A	1.53%
QYLD	A	1.45%
FSK	B	1.33%
KRP	B	1.32%
AGNC	D	1.22%
BCC	D	1.17%
DKS	F	1.11%
CWH	F	1.04%
DAC	D	1.01%
FRO	F	0.94%
USFR	A	0.82%
GSBD	F	0.79%
CCOI	B	0.69%
KR	A	0.69%
ABBV	A	0.67%
GFF	F	0.67%
GBDC	C	0.63%
FCT	A	0.62%
TFLO	A	0.61%
GILD	A	0.59%
CNA	D	0.56%
SBR	D	0.55%
GBIL	A	0.54%
PMT	D	0.53%
SHV	A	0.53%
WSO	D	0.53%
BKLN	A	0.52%
KREF	D	0.5%
ARES	B	0.49%
LVHI	A	0.49%
GNK	D	0.45%
PULS	A	0.44%
BIL	A	0.44%
BTI	C	0.42%
UNIT	C	0.42%
RA	A	0.42%
SCHO	C	0.4%
ARCH	B	0.4%
BIZD	C	0.39%
BXMT	C	0.39%
NEM	D	0.37%
SRLN	A	0.37%
BGS	C	0.37%
CWEN	C	0.35%
FLBL	A	0.35%
COKE	D	0.35%
DDS	C	0.33%
NEAR	C	0.33%
GIS	D	0.32%
SAH	C	0.3%
ICSH	A	0.29%
PAG	F	0.29%
FLTR	A	0.29%
ARCC	B	0.29%
ALB	C	0.29%
APAM	A	0.29%
CTRA	F	0.29%
VRIG	A	0.28%
COST	D	0.28%
MINT	A	0.28%
ETD	F	0.28%
TRGP	A	0.27%
TSCO	D	0.27%
DVN	F	0.27%
WINA	A	0.27%
AMRK	D	0.27%
BAH	A	0.27%
VNLA	A	0.26%
OVV	F	0.26%
BRSP	C	0.26%
GFI	B	0.25%
CVI	F	0.25%
MPW	D	0.24%
FTSL	A	0.24%
FLRN	A	0.24%
OHI	B	0.24%
GOGL	F	0.24%
JCPB	C	0.22%
FANG	F	0.22%
CAH	B	0.22%
PBI	A	0.21%
JMST	A	0.2%
HYGV	C	0.2%
FTSM	A	0.2%
DEA	C	0.2%
LYTS	A	0.2%
ACP	A	0.19%
SHY	C	0.19%
CLX	B	0.19%
IPAR	D	0.18%
MUR	F	0.18%
MO	A	0.18%
USDU	A	0.18%
SQM	D	0.18%
ASC	F	0.16%
IIPR	C	0.16%
RYLD	A	0.16%
PCAR	C	0.16%
HSY	F	0.16%
PNNT	C	0.15%
GOVT	C	0.15%
JPST	B	0.15%
XYLD	C	0.15%
ZROZ	F	0.15%
VIRT	A	0.14%
FHI	A	0.14%
EDV	F	0.14%
PFE	D	0.14%
KMB	D	0.14%
HLI	A	0.14%
VGLT	D	0.14%
FLOT	A	0.14%
OLN	F	0.13%
KOF	F	0.13%
CPB	D	0.13%
UTG	B	0.13%
CIVI	F	0.13%
AGZD	A	0.12%
LGOV	D	0.12%
SJNK	A	0.12%
MAIN	B	0.12%
CL	F	0.12%
UVV	C	0.12%
NGG	D	0.12%
PEP	D	0.11%
K	A	0.11%
PG	D	0.11%
WMK	D	0.11%
AGZ	C	0.11%
LADR	B	0.11%
HRB	D	0.1%
MPC	F	0.09%
JMBS	D	0.09%
RDY	D	0.09%
USA	B	0.08%
RAVI	A	0.05%
ARI	F	0.05%
PFLT	C	0.04%
IEF	D	0.04%

ERNZ Underweight 24 Positions Relative to PXJ

Symbol	Grade	Weight
BKR	A	-5.73%
FTI	B	-5.32%
SLB	F	-5.05%
HAL	F	-4.86%
NOV	F	-4.71%
WFRD	F	-3.96%
TDW	F	-3.79%
HP	C	-3.06%
CLB	A	-3.03%
USAC	F	-3.0%
AROC	D	-2.99%
WHD	B	-2.92%
NVGS	F	-2.87%
ECO	F	-2.84%
WTTR	D	-2.83%
RES	F	-2.83%
PUMP	F	-2.79%
NBR	C	-2.75%
OII	D	-2.74%
VTOL	D	-2.69%
LBRT	F	-2.61%
HLX	F	-2.47%
ACDC	D	-2.42%
LPG	F	-2.35%