ERNZ vs. QLV ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to FlexShares US Quality Low Volatility Index Fund (QLV)

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

$25.03

Average Daily Volume

11,875

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	QLV
30 Days	1.89%	0.23%
60 Days	0.06%	1.42%
90 Days	1.25%	3.24%
12 Months		25.29%

13 Overlapping Holdings

Symbol	Grade	Weight in ERNZ	Weight in QLV	Overlap
ABBV	D	1.08%	0.96%	0.96%
AVGO	D	1.0%	0.38%	0.38%
BAH	F	0.2%	0.47%	0.2%
CTRA	B	1.26%	0.57%	0.57%
DDS	B	0.32%	0.29%	0.29%
GILD	C	0.9%	1.07%	0.9%
GIS	D	0.15%	0.72%	0.15%
HSY	F	0.1%	0.45%	0.1%
K	A	0.08%	0.77%	0.08%
PEP	F	0.08%	1.47%	0.08%
PG	A	0.06%	3.25%	0.06%
STNG	F	0.26%	0.55%	0.26%
TSCO	D	0.14%	0.49%	0.14%

ERNZ Overweight 155 Positions Relative to QLV

Symbol	Grade	Weight
CLM	A	3.79%
TCPC	C	3.51%
FSK	A	3.48%
OXLC	C	3.31%
INSW	F	3.07%
BCC	B	3.05%
CRF	B	2.98%
GBDC	C	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%
NAT	F	1.16%
PSEC	D	1.16%
MUR	D	1.13%
CAH	B	1.12%
HTGC	D	1.11%
FDUS	A	1.05%
HRZN	F	1.03%
SHV	A	1.01%
GNL	F	1.0%
BKLN	A	0.97%
RC	D	0.93%
CWH	B	0.91%
FANG	D	0.91%
DKS	C	0.87%
CLX	B	0.87%
XMHQ	B	0.86%
AOD	D	0.78%
SPTN	D	0.77%
TRGP	B	0.76%
TFLO	B	0.74%
ARES	A	0.73%
ECC	D	0.73%
AGNC	D	0.73%
DX	B	0.71%
ACP	C	0.61%
USFR	A	0.54%
LRCX	F	0.51%
DAC	B	0.51%
FRO	F	0.46%
GBIL	B	0.44%
VIRT	B	0.42%
PDI	C	0.4%
GFF	A	0.39%
BIL	A	0.39%
CCOI	B	0.39%
OVV	B	0.37%
GSBD	F	0.36%
STLD	B	0.31%
FCT	A	0.3%
COST	B	0.29%
SBR	B	0.27%
GNK	D	0.26%
CNA	B	0.26%
PMT	D	0.25%
KREF	D	0.24%
ARCH	B	0.24%
LVHI	B	0.24%
NEAR	C	0.23%
PULS	A	0.22%
RA	B	0.21%
NMFC	D	0.21%
BTI	B	0.21%
BIZD	B	0.2%
UNIT	B	0.2%
SCHO	C	0.2%
MPC	D	0.19%
WINA	B	0.18%
FLBL	A	0.18%
APAM	B	0.18%
CWEN	C	0.18%
SAH	A	0.18%
BXMT	C	0.18%
SRLN	A	0.18%
ALB	C	0.17%
COKE	C	0.17%
BRSP	B	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%
MINT	A	0.14%
FLRN	A	0.13%
FTSL	B	0.13%
NEM	D	0.13%
HYGV	A	0.12%
PBI	B	0.12%
MPW	F	0.12%
JCPB	C	0.12%
MO	A	0.12%
OHI	C	0.12%
GOVT	D	0.12%
GFI	D	0.11%
CIVI	D	0.11%
HLI	B	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%
FHI	A	0.1%
VGLT	F	0.1%
SQM	F	0.1%
PNNT	B	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	D	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%
LGOV	F	0.08%
OLN	D	0.08%
SJNK	A	0.08%
ASC	F	0.08%
PFE	D	0.08%
LADR	B	0.08%
CPB	D	0.08%
MAIN	A	0.08%
PTEN	C	0.08%
JMBS	C	0.07%
AGZ	C	0.07%
IIPR	D	0.07%
NGG	D	0.07%
CL	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 101 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	F	-7.68%
NVDA	C	-5.54%
AAPL	C	-5.17%
AMZN	C	-2.41%
LLY	F	-2.31%
MRK	F	-2.28%
V	A	-2.26%
MCD	D	-1.93%
IBM	C	-1.82%
JNJ	D	-1.71%
VZ	C	-1.64%
T	A	-1.51%
META	D	-1.25%
XOM	B	-1.15%
TMUS	B	-1.13%
LMT	D	-1.06%
CME	A	-0.94%
ABT	B	-0.93%
ADP	B	-0.92%
DUK	C	-0.9%
QLYS	C	-0.88%
GOOGL	C	-0.88%
WEC	A	-0.86%
ATR	B	-0.86%
AIZ	A	-0.86%
WTW	B	-0.85%
TXN	C	-0.84%
PSA	D	-0.84%
RGLD	C	-0.83%
TYL	B	-0.8%
WDFC	B	-0.8%
ED	D	-0.79%
DOX	D	-0.74%
CHE	D	-0.73%
CHKP	D	-0.72%
AMGN	D	-0.71%
LSTR	D	-0.71%
CB	C	-0.71%
SO	D	-0.69%
DLR	B	-0.68%
TRV	B	-0.67%
QGEN	D	-0.67%
WM	A	-0.67%
DTM	B	-0.67%
ZM	B	-0.67%
CALM	A	-0.65%
XEL	A	-0.64%
EQIX	A	-0.64%
ALL	A	-0.63%
AVY	D	-0.63%
PKG	A	-0.63%
GOOG	C	-0.62%
CINF	A	-0.6%
SMMT	D	-0.59%
RSG	A	-0.59%
CTVA	C	-0.59%
NOC	D	-0.59%
BRK.A	B	-0.59%
AEE	A	-0.58%
GD	F	-0.58%
WCN	A	-0.58%
WRB	A	-0.55%
AZO	C	-0.55%
MKL	A	-0.54%
AEP	D	-0.54%
CMS	C	-0.54%
SCI	B	-0.54%
JKHY	D	-0.53%
ADC	B	-0.53%
PNW	B	-0.53%
SIGI	C	-0.53%
CHRW	C	-0.49%
SON	D	-0.48%
FLO	D	-0.47%
TTEK	F	-0.46%
REGN	F	-0.45%
NBIX	C	-0.43%
HRL	D	-0.4%
VRSK	A	-0.39%
NFG	A	-0.38%
HII	D	-0.36%
BMRN	D	-0.35%
MCK	B	-0.35%
SLGN	A	-0.34%
BMI	B	-0.27%
CRUS	D	-0.26%
EA	A	-0.23%
JPM	A	-0.21%
PM	B	-0.21%
COR	B	-0.2%
LIN	D	-0.19%
ALKS	B	-0.19%
ADI	D	-0.15%
NCNO	B	-0.13%
CAG	D	-0.13%
ROP	B	-0.13%
L	A	-0.11%
CWAN	B	-0.09%
UNH	C	-0.07%
MMC	B	-0.05%
EXPD	D	-0.03%