ERNZ vs. WBIG ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to WBI Large Cap Tactical Yield Shares (WBIG)

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

WBIG

WBI Large Cap Tactical Yield Shares

WBIG Description

The investment seeks long-term capital appreciation and the potential for current income, while also seeking to protect principal during unfavorable market conditions. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the dividend-paying equity securities of large capitalization domestic and foreign companies which WBI Investments, Inc., the sub-advisor to the fund and an affiliate of Millington Securities Inc., the advisor, believes display attractive dividend payment prospects, and up to 20% of its net assets in other tactical investment opportunities.

Grade (RS Rating)

Last Trade

$25.28

Average Daily Volume

2,759

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	WBIG
30 Days	1.89%	2.76%
60 Days	0.06%	3.44%
90 Days	1.25%	5.15%
12 Months		16.56%

6 Overlapping Holdings

Symbol	Grade	Weight in ERNZ	Weight in WBIG	Overlap
AGZD	A	0.08%	2.12%	0.08%
BKLN	A	0.97%	0.9%	0.9%
FANG	D	0.91%	1.14%	0.91%
FLTR	A	0.15%	2.11%	0.15%
FTSL	B	0.13%	1.93%	0.13%
GILD	C	0.9%	1.43%	0.9%

ERNZ Overweight 162 Positions Relative to WBIG

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%
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	D	1.08%
FDUS	A	1.05%
HRZN	F	1.03%
SHV	A	1.01%
AVGO	D	1.0%
GNL	F	1.0%
RC	D	0.93%
CWH	B	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%
DDS	B	0.32%
STLD	B	0.31%
FCT	A	0.3%
COST	B	0.29%
SBR	B	0.27%
STNG	F	0.26%
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%
BAH	F	0.2%
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%
ROL	B	0.15%
GIS	D	0.15%
MINT	A	0.14%
TSCO	D	0.14%
FLRN	A	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%
HSY	F	0.1%
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%
KOF	F	0.08%
K	A	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%
PEP	F	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%
PG	A	0.06%
ARI	C	0.05%
PFLT	D	0.04%
IEF	F	0.04%

ERNZ Underweight 33 Positions Relative to WBIG

Symbol	Grade	Weight
BMY	B	-4.9%
WRB	A	-4.68%
CHRD	D	-4.66%
F	C	-4.61%
T	A	-4.56%
TROW	B	-4.54%
BDX	F	-4.53%
NEU	C	-3.99%
PR	B	-3.93%
JEPQ	A	-3.75%
MMC	B	-3.72%
KHC	F	-3.36%
UHS	D	-2.12%
FALN	B	-2.1%
STIP	C	-1.52%
UNM	A	-1.45%
TSN	B	-1.39%
MDT	D	-1.27%
RGA	A	-1.25%
CINF	A	-1.24%
HPE	B	-1.2%
CI	F	-1.17%
RTX	C	-1.14%
SYY	B	-1.09%
OKE	A	-0.94%
MCK	B	-0.72%
V	A	-0.63%
AME	A	-0.62%
AXP	A	-0.59%
PAYX	C	-0.55%
BR	A	-0.54%
PH	A	-0.53%
RMD	C	-0.49%