HISF vs. ERNZ ETF Comparison

Comparison of First Trust High Income Strategic Focus ETF (HISF) to TrueShares Active Yield ETF (ERNZ)

HISF

First Trust High Income Strategic Focus ETF

HISF Description

First Trust High Income Strategic Focus ETF is an exchange traded fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners LLC, First Trust Global Portfolios Limited, Richard Bernstein Advisors LLC, and Stonebridge Advisors, LLC. The fund invests in the public equity and fixed income markets of countries across the globe. For its equity portion, it seeks to invest in stocks of companies operating across diversified sectors. The fund invests in dividend paying stocks of small-cap, mid-cap, and large-cap companies. It also invests in stocks of master limited partnerships. For its fixed income portion, the fund invests in high yield corporate bonds and first lien senior secured floating rate bank loans, mortgage-related investments, and international sovereign bonds with varying maturity. First Trust High Income Strategic Focus ETF was formed on August 13, 2014 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$45.76

Average Daily Volume

6,518

Number of Holdings ^*

7

* may have additional holdings in another (foreign) market

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

$25.52

Average Daily Volume

12,315

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	HISF	ERNZ
30 Days	1.56%	3.20%
60 Days	4.09%	1.21%
90 Days	4.93%	3.20%
12 Months	10.66%

0 Overlapping Holdings

	Symbol	Grade	Weight in HISF	Weight in ERNZ	Overlap

HISF Overweight 7 Positions Relative to ERNZ

	Symbol	Grade	Weight
	FIXD	B	32.95%
	HYLS	A	14.81%
	LMBS	B	14.78%
	FSIG	A	9.84%
	LGOV	C	7.73%
	FTSL	B	7.25%
	FEMB	B	4.99%

HISF Underweight 10 Positions Relative to ERNZ

	Symbol	Grade	Weight
	INSW	D	-3.46%
	GOF	B	-3.38%
	CLM	B	-3.33%
	NAT	D	-3.25%
	OCSL	F	-3.24%
	GNL	C	-2.73%
	TSLX	C	-2.72%
	DHT	D	-2.51%
	ABR	B	-2.42%
	PSEC	C	-2.26%

HISF: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Debt Securities Mortgage Backed Security Structured Finance Advisorshares Asset Backed Security Bank Loans Banking Bear Market ETF Betashares Bond Bond Market Index Commercial Mortgage Currency Debt Distressed Securities Exchange Traded Funds Financial Market Government Bonds

ERNZ: Top Represented Industries & Keywords

Industries: Shipping & Ports Asset Management REIT - Diversified Credit Services

Keywords: Ships Tanker Aframax Business Development ETF Exchange Traded Fund Large Crude Carrier Loan Oil Tanker Private Equity Real Estate Investment Trust Senior Debt Suezmax Banking Beverage Brandywine Realty Trust Bridge Financing Bridge Financing Products Business Development Company Capital Structure