PBP vs. ERNZ ETF Comparison

Comparison of PowerShares S&P 500 BuyWrite Portfolio (PBP) to TrueShares Active Yield ETF (ERNZ)

PBP

PowerShares S&P 500 BuyWrite Portfolio

PBP Description

The PowerShares S&P 500 BuyWrite Portfolio (Fund) is based on the CBOE S&P 500 BuyWrite IndexTM (Index). The Fund generally will invest at least 90% of its total assets in securities that comprise the Index, including at least 80% of its total assets in common stocks of the 500 companies included in the S&P 500Â® Index and will write (sell) call options thereon. The Index measures the total rate of return of an S&P 500 covered call strategy. This strategy consists of holding a portfolio indexed to the S&P 500 (Reference Index) and selling a succession of written options, each with an exercise price at or above the prevailing price level of the S&P 500. Dividends paid on the component stocks underlying the S&P 500 and the dollar value of option premiums received from written options are reinvested. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$23.19

Average Daily Volume

20,954

Number of Holdings ^*

499

* 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

$25.19

Average Daily Volume

12,257

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	PBP	ERNZ
30 Days	2.60%	2.57%
60 Days	3.31%	0.37%
90 Days	5.14%	2.04%
12 Months	19.73%

29 Overlapping Holdings

Symbol	Grade	Weight in PBP	Weight in ERNZ	Overlap
ABBV	D	0.61%	1.09%	0.61%
ALB	C	0.02%	0.18%	0.02%
AVGO	D	1.6%	0.95%	0.95%
CAH	B	0.06%	1.13%	0.06%
CL	D	0.15%	0.08%	0.08%
CLX	C	0.04%	0.88%	0.04%
COST	B	0.83%	0.3%	0.3%
CPB	D	0.02%	0.08%	0.02%
CTRA	B	0.04%	1.36%	0.04%
DVN	F	0.05%	0.14%	0.05%
FANG	F	0.07%	0.91%	0.07%
GILD	B	0.23%	0.87%	0.23%
GIS	D	0.07%	0.15%	0.07%
HSY	F	0.05%	0.09%	0.05%
K	A	0.04%	0.08%	0.04%
KMB	C	0.09%	0.09%	0.09%
KR	A	0.08%	1.68%	0.08%
LRCX	F	0.2%	0.49%	0.2%
MO	A	0.19%	0.12%	0.12%
MPC	F	0.11%	0.19%	0.11%
NEM	F	0.09%	0.14%	0.09%
PCAR	B	0.12%	0.1%	0.1%
PEP	F	0.46%	0.08%	0.08%
PFE	D	0.3%	0.08%	0.08%
PG	A	0.8%	0.07%	0.07%
ROL	B	0.03%	0.15%	0.03%
STLD	B	0.04%	0.32%	0.04%
TRGP	B	0.08%	0.83%	0.08%
TSCO	C	0.06%	0.14%	0.06%

PBP Overweight 470 Positions Relative to ERNZ

Symbol	Grade	Weight
NVDA	C	7.29%
AAPL	B	7.01%
MSFT	D	6.41%
AMZN	C	3.99%
META	D	2.55%
GOOGL	C	2.08%
TSLA	B	1.75%
BRK.A	B	1.73%
GOOG	C	1.72%
JPM	B	1.39%
LLY	F	1.25%
UNH	B	1.11%
XOM	C	1.08%
V	A	1.04%
MA	B	0.87%
HD	A	0.81%
JNJ	D	0.74%
WMT	B	0.74%
NFLX	B	0.73%
CRM	B	0.65%
BAC	A	0.63%
ORCL	C	0.6%
CVX	B	0.56%
WFC	A	0.5%
MRK	F	0.5%
KO	D	0.49%
CSCO	A	0.47%
ADBE	C	0.47%
ACN	B	0.46%
AMD	F	0.45%
LIN	D	0.44%
NOW	B	0.43%
MCD	D	0.43%
TMO	F	0.41%
INTU	C	0.4%
DIS	B	0.4%
PM	B	0.4%
ABT	B	0.4%
ISRG	C	0.39%
IBM	C	0.39%
GE	D	0.39%
GS	B	0.38%
CAT	B	0.38%
TXN	D	0.38%
QCOM	F	0.37%
VZ	B	0.35%
BKNG	B	0.34%
CMCSA	C	0.34%
AXP	A	0.33%
SPGI	C	0.33%
MS	B	0.33%
RTX	D	0.32%
AMGN	D	0.32%
T	A	0.32%
PGR	A	0.31%
DHR	D	0.31%
LOW	C	0.31%
AMAT	F	0.31%
NEE	D	0.31%
UBER	D	0.3%
HON	B	0.3%
UNP	C	0.29%
ETN	A	0.29%
BLK	C	0.29%
COP	D	0.27%
SYK	C	0.27%
TJX	A	0.27%
PANW	C	0.26%
BSX	C	0.26%
C	A	0.26%
BX	B	0.26%
FI	A	0.25%
ADP	B	0.25%
VRTX	D	0.25%
TMUS	A	0.24%
BMY	B	0.24%
PLTR	B	0.24%
SCHW	A	0.24%
SBUX	B	0.23%
LMT	D	0.23%
INTC	C	0.22%
CB	D	0.22%
MMC	A	0.22%
MU	D	0.22%
MDT	D	0.22%
KKR	B	0.21%
ADI	D	0.21%
PLD	D	0.21%
UPS	C	0.2%
ANET	C	0.2%
BA	D	0.2%
DE	B	0.2%
TT	B	0.19%
ELV	F	0.19%
SO	D	0.19%
KLAC	F	0.18%
APH	B	0.18%
MDLZ	F	0.18%
PYPL	A	0.18%
GEV	C	0.18%
ICE	D	0.18%
PH	A	0.18%
SHW	A	0.18%
CI	D	0.18%
NKE	F	0.18%
AMT	D	0.18%
AON	A	0.17%
CMG	B	0.17%
MSI	C	0.17%
PNC	A	0.17%
REGN	F	0.17%
CDNS	B	0.17%
SNPS	B	0.17%
EQIX	A	0.17%
DUK	C	0.17%
EOG	C	0.16%
WELL	C	0.16%
USB	A	0.16%
ZTS	D	0.16%
MCK	C	0.16%
CRWD	B	0.16%
CME	A	0.16%
WM	A	0.16%
MMM	D	0.15%
ITW	A	0.15%
EMR	A	0.15%
CTAS	B	0.15%
MCO	A	0.15%
GD	F	0.15%
WMB	B	0.14%
NOC	D	0.14%
CSX	B	0.14%
CVS	D	0.14%
COF	B	0.14%
APD	A	0.14%
CEG	D	0.14%
ORLY	B	0.14%
TGT	F	0.14%
TDG	D	0.14%
TFC	B	0.13%
FCX	F	0.13%
ECL	D	0.13%
CARR	C	0.13%
OKE	C	0.13%
HCA	F	0.13%
AJG	A	0.13%
GM	B	0.13%
BDX	F	0.13%
MAR	A	0.13%
FDX	B	0.13%
ADSK	B	0.13%
JCI	C	0.12%
URI	B	0.12%
NXPI	D	0.12%
BK	A	0.12%
SRE	A	0.12%
FICO	B	0.12%
TRV	B	0.12%
ABNB	C	0.12%
NSC	A	0.12%
FTNT	C	0.12%
ROP	B	0.12%
SLB	C	0.12%
HLT	A	0.12%
PSA	C	0.11%
GWW	A	0.11%
PSX	C	0.11%
SPG	C	0.11%
DLR	A	0.11%
AMP	B	0.11%
RCL	B	0.11%
AFL	B	0.11%
FAST	B	0.1%
LHX	C	0.1%
D	C	0.1%
ROST	C	0.1%
PWR	A	0.1%
VST	B	0.1%
MSCI	C	0.1%
DHI	D	0.1%
FIS	D	0.1%
MET	A	0.1%
AIG	B	0.1%
O	D	0.1%
CMI	A	0.1%
AEP	D	0.1%
CPRT	A	0.1%
KMI	B	0.1%
ALL	B	0.1%
AZO	C	0.1%
ODFL	B	0.09%
COR	C	0.09%
RSG	A	0.09%
BKR	C	0.09%
F	C	0.09%
PEG	A	0.09%
AXON	B	0.09%
DFS	B	0.09%
CCI	D	0.09%
AME	A	0.09%
PRU	A	0.09%
PCG	B	0.09%
VLO	C	0.09%
KVUE	A	0.09%
HWM	B	0.09%
PAYX	B	0.09%
VMC	B	0.08%
ACGL	D	0.08%
GEHC	F	0.08%
A	D	0.08%
STZ	D	0.08%
EXC	D	0.08%
LULU	C	0.08%
CHTR	C	0.08%
XEL	A	0.08%
YUM	B	0.08%
DELL	C	0.08%
MNST	B	0.08%
EA	C	0.08%
CTVA	B	0.08%
CBRE	B	0.08%
EW	C	0.08%
OTIS	C	0.08%
CTSH	B	0.08%
HES	C	0.08%
VRSK	A	0.08%
LEN	C	0.08%
IT	C	0.08%
IR	A	0.08%
DAL	B	0.08%
NDAQ	A	0.07%
AVB	B	0.07%
GRMN	A	0.07%
EFX	D	0.07%
ROK	B	0.07%
VICI	C	0.07%
ED	D	0.07%
IRM	C	0.07%
RMD	C	0.07%
OXY	F	0.07%
HIG	B	0.07%
HUM	C	0.07%
WAB	B	0.07%
EXR	C	0.07%
DD	D	0.07%
NUE	D	0.07%
IDXX	F	0.07%
IQV	F	0.07%
MCHP	F	0.07%
KDP	D	0.07%
MTB	B	0.07%
HPQ	B	0.07%
MLM	B	0.07%
GLW	B	0.07%
SYY	C	0.07%
HPE	B	0.06%
DOV	A	0.06%
KHC	D	0.06%
STT	A	0.06%
MPWR	F	0.06%
ON	C	0.06%
PPG	D	0.06%
NVR	D	0.06%
TTWO	B	0.06%
GPN	C	0.06%
XYL	D	0.06%
RJF	A	0.06%
ANSS	B	0.06%
DXCM	C	0.06%
UAL	B	0.06%
WEC	A	0.06%
EBAY	C	0.06%
CSGP	C	0.06%
CNC	F	0.06%
DOW	F	0.06%
ETR	B	0.06%
EIX	A	0.06%
FITB	B	0.06%
WTW	B	0.06%
TDY	B	0.05%
ATO	A	0.05%
WY	D	0.05%
LDOS	D	0.05%
EXPE	B	0.05%
IFF	D	0.05%
PTC	A	0.05%
CINF	A	0.05%
SBAC	D	0.05%
HUBB	B	0.05%
AEE	A	0.05%
BIIB	F	0.05%
RF	B	0.05%
CDW	F	0.05%
NTAP	C	0.05%
MTD	F	0.05%
PPL	B	0.05%
CCL	B	0.05%
WST	C	0.05%
DTE	C	0.05%
SW	B	0.05%
EQR	B	0.05%
ADM	F	0.05%
HBAN	B	0.05%
EQT	B	0.05%
VLTO	C	0.05%
SYF	A	0.05%
AWK	D	0.05%
CPAY	A	0.05%
BRO	B	0.05%
GDDY	B	0.05%
VTR	D	0.05%
CHD	B	0.05%
FTV	B	0.05%
TYL	A	0.05%
HAL	C	0.05%
BR	A	0.05%
TROW	A	0.05%
KEYS	B	0.05%
PHM	C	0.05%
DECK	A	0.05%
TRMB	B	0.04%
IEX	B	0.04%
TER	F	0.04%
PNR	B	0.04%
DGX	B	0.04%
J	F	0.04%
KEY	A	0.04%
MOH	F	0.04%
WRB	A	0.04%
BBY	D	0.04%
HOLX	D	0.04%
TSN	B	0.04%
ULTA	F	0.04%
PODD	B	0.04%
PFG	C	0.04%
MAA	B	0.04%
BALL	D	0.04%
SNA	A	0.04%
MKC	D	0.04%
NRG	C	0.04%
FDS	B	0.04%
INVH	D	0.04%
LUV	B	0.04%
ESS	B	0.04%
CNP	A	0.04%
IP	B	0.04%
DRI	B	0.04%
LH	B	0.04%
CMS	C	0.04%
LYV	A	0.04%
ZBRA	A	0.04%
STX	D	0.04%
OMC	C	0.04%
WDC	C	0.04%
CBOE	B	0.04%
CFG	B	0.04%
FE	D	0.04%
PKG	B	0.04%
FSLR	F	0.04%
BLDR	C	0.04%
NTRS	A	0.04%
LYB	F	0.04%
STE	F	0.04%
ES	D	0.04%
WBD	C	0.04%
ZBH	C	0.04%
WAT	B	0.04%
INCY	C	0.03%
BG	F	0.03%
JKHY	D	0.03%
JNPR	F	0.03%
CPT	B	0.03%
CHRW	C	0.03%
CAG	D	0.03%
SWK	D	0.03%
DLTR	D	0.03%
TPR	A	0.03%
UDR	B	0.03%
AKAM	F	0.03%
SWKS	F	0.03%
MRNA	F	0.03%
POOL	C	0.03%
NDSN	B	0.03%
EPAM	C	0.03%
FFIV	A	0.03%
RVTY	D	0.03%
APTV	F	0.03%
EVRG	A	0.03%
JBL	C	0.03%
AMCR	D	0.03%
JBHT	C	0.03%
DOC	C	0.03%
VTRS	B	0.03%
L	B	0.03%
EL	F	0.03%
LNT	A	0.03%
DPZ	C	0.03%
CF	B	0.03%
VRSN	F	0.03%
ALGN	D	0.03%
EG	C	0.03%
AVY	D	0.03%
TXT	D	0.03%
MRO	B	0.03%
BAX	F	0.03%
NI	A	0.03%
GEN	A	0.03%
KIM	A	0.03%
ARE	D	0.03%
DG	F	0.03%
EXPD	C	0.03%
LVS	C	0.03%
GPC	D	0.03%
MAS	C	0.03%
HII	F	0.02%
BWA	C	0.02%
IVZ	B	0.02%
MTCH	F	0.02%
CE	F	0.02%
HAS	D	0.02%
APA	F	0.02%
MOS	F	0.02%
CZR	D	0.02%
HSIC	B	0.02%
RL	B	0.02%
FRT	A	0.02%
ENPH	F	0.02%
MGM	F	0.02%
WYNN	D	0.02%
AOS	D	0.02%
HRL	D	0.02%
TFX	F	0.02%
SMCI	D	0.02%
SOLV	C	0.02%
GL	C	0.02%
AES	F	0.02%
MKTX	D	0.02%
CRL	C	0.02%
LKQ	D	0.02%
PNW	B	0.02%
ERIE	D	0.02%
CTLT	B	0.02%
FOXA	C	0.02%
IPG	C	0.02%
PAYC	A	0.02%
TAP	C	0.02%
NWSA	B	0.02%
AIZ	B	0.02%
GNRC	B	0.02%
TECH	C	0.02%
BXP	D	0.02%
LW	C	0.02%
NCLH	B	0.02%
EMN	D	0.02%
SJM	D	0.02%
UHS	D	0.02%
REG	B	0.02%
DAY	A	0.02%
KMX	B	0.02%
HST	C	0.02%
ALLE	D	0.02%
NWS	B	0.01%
FOX	B	0.01%
WBA	D	0.01%
QRVO	F	0.01%
BEN	C	0.01%
PARA	C	0.01%
FMC	D	0.01%
DVA	B	0.01%
MHK	D	0.01%

PBP Underweight 139 Positions Relative to ERNZ

Symbol	Grade	Weight
CLM	A	-3.68%
TCPC	C	-3.58%
FSK	A	-3.54%
OXLC	C	-3.2%
BCC	B	-3.04%
INSW	F	-2.96%
TSLX	B	-2.92%
GBDC	B	-2.92%
CRF	A	-2.91%
WSO	A	-2.78%
QYLD	B	-2.37%
KRP	C	-2.22%
GOF	A	-1.51%
NEP	F	-1.47%
ABR	C	-1.3%
DHT	F	-1.28%
PSEC	D	-1.23%
NAT	F	-1.13%
MUR	F	-1.12%
HTGC	D	-1.08%
FDUS	A	-1.06%
HRZN	F	-1.03%
SHV	A	-1.01%
GNL	D	-1.0%
BKLN	A	-0.97%
RC	D	-0.95%
CWH	C	-0.89%
DKS	C	-0.88%
XMHQ	A	-0.87%
SPTN	F	-0.8%
AOD	C	-0.77%
AGNC	D	-0.75%
ARES	B	-0.75%
TFLO	B	-0.73%
DX	B	-0.71%
ECC	F	-0.7%
ACP	A	-0.6%
USFR	C	-0.54%
DAC	D	-0.5%
VIRT	B	-0.45%
FRO	F	-0.45%
GBIL	B	-0.44%
CCOI	B	-0.42%
GFF	B	-0.4%
PDI	D	-0.4%
BIL	A	-0.39%
OVV	C	-0.38%
GSBD	F	-0.36%
DDS	B	-0.32%
FCT	A	-0.3%
SBR	B	-0.28%
CNA	B	-0.27%
ARCH	B	-0.26%
PMT	D	-0.26%
STNG	F	-0.25%
KREF	D	-0.24%
GNK	D	-0.24%
LVHI	B	-0.24%
NEAR	B	-0.23%
UNIT	B	-0.22%
BTI	B	-0.22%
PULS	A	-0.22%
RA	B	-0.21%
NMFC	D	-0.21%
BIZD	B	-0.2%
SCHO	C	-0.2%
CWEN	C	-0.19%
BXMT	C	-0.19%
BAH	F	-0.19%
SAH	B	-0.18%
APAM	B	-0.18%
WINA	B	-0.18%
FLBL	A	-0.18%
SRLN	A	-0.18%
BRSP	C	-0.17%
COKE	C	-0.17%
RAVI	A	-0.17%
ARCC	A	-0.16%
PAG	B	-0.16%
VNLA	A	-0.16%
LYTS	B	-0.15%
VRIG	A	-0.15%
ETD	C	-0.15%
BGS	F	-0.15%
ICSH	A	-0.15%
FLTR	A	-0.15%
MINT	A	-0.14%
GOGL	F	-0.14%
PBI	B	-0.13%
FLRN	A	-0.13%
FTSL	B	-0.13%
GFI	F	-0.12%
HYGV	A	-0.12%
MPW	F	-0.12%
JCPB	D	-0.12%
GOVT	D	-0.12%
OHI	D	-0.12%
CIVI	D	-0.11%
CVI	F	-0.11%
USDU	A	-0.11%
HRB	D	-0.11%
JMST	B	-0.11%
FTSM	B	-0.11%
SHY	C	-0.11%
HLI	A	-0.11%
IPAR	B	-0.11%
AMRK	F	-0.11%
FHI	A	-0.1%
VGLT	D	-0.1%
RYLD	A	-0.1%
PNNT	C	-0.1%
DEA	D	-0.1%
SQM	F	-0.1%
PTEN	C	-0.09%
MAIN	A	-0.09%
EDV	D	-0.09%
UVV	B	-0.09%
UTG	A	-0.09%
FLOT	A	-0.09%
ZROZ	D	-0.09%
JPST	A	-0.09%
XYLD	A	-0.09%
NGG	D	-0.08%
AGZD	B	-0.08%
KOF	F	-0.08%
LGOV	D	-0.08%
OLN	F	-0.08%
ASC	F	-0.08%
SJNK	A	-0.08%
LADR	B	-0.08%
WMK	B	-0.08%
JMBS	D	-0.07%
AGZ	C	-0.07%
IIPR	D	-0.07%
RDY	D	-0.06%
USA	A	-0.06%
ARI	C	-0.05%
PFLT	D	-0.04%
IEF	D	-0.04%