PFF vs. ERNZ ETF Comparison

Comparison of iShares US Preferred Stock ETF (PFF) to TrueShares Active Yield ETF (ERNZ)

PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.70

Average Daily Volume

3,780,916

Number of Holdings ^*

227

* 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

$25.03

Average Daily Volume

11,875

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	PFF	ERNZ
30 Days	-0.29%	1.89%
60 Days	-1.26%	0.06%
90 Days	2.56%	1.25%
12 Months	15.76%

12 Overlapping Holdings

Symbol	Grade	Weight in PFF	Weight in ERNZ	Overlap
ABR	C	0.07%	1.36%	0.07%
AGNC	D	0.14%	0.73%	0.14%
ALB	C	1.35%	0.17%	0.17%
ARES	A	1.0%	0.73%	0.73%
DX	B	0.07%	0.71%	0.07%
GNL	F	0.06%	1.0%	0.06%
KREF	D	0.17%	0.24%	0.17%
NMFC	D	0.07%	0.21%	0.07%
PBI	B	0.23%	0.12%	0.12%
PMT	D	0.07%	0.25%	0.07%
PSEC	D	0.06%	1.16%	0.06%
RC	D	0.05%	0.93%	0.05%

PFF Overweight 215 Positions Relative to ERNZ

Symbol	Grade	Weight
C	A	1.68%
HPE	B	1.13%
NEE	D	1.08%
T	A	0.88%
TBB	C	0.79%
T	A	0.64%
DUK	C	0.62%
SOJD	F	0.55%
TBC	C	0.51%
SREA	D	0.46%
RZC	C	0.46%
NEE	D	0.42%
JPM	A	0.41%
APO	B	0.4%
CMSD	C	0.38%
MET	A	0.37%
JXN	C	0.37%
SO	D	0.37%
F	C	0.37%
CHSCO	C	0.36%
LNC	B	0.35%
PRS	B	0.35%
WCC	B	0.35%
BTSG	C	0.35%
SYF	B	0.33%
CHSCL	C	0.33%
BANC	A	0.32%
GTLS	B	0.32%
QRTEP	F	0.32%
CTDD	C	0.31%
DUKB	C	0.31%
CHSCM	D	0.31%
AXS	A	0.31%
SCHW	B	0.31%
WFC	A	0.31%
STT	A	0.31%
UZE	B	0.29%
USM	B	0.29%
FITBI	C	0.29%
BAC	A	0.28%
BPYPM	C	0.28%
NLY	C	0.27%
CHSCN	D	0.27%
SOJC	D	0.27%
TPG	A	0.26%
PFH	F	0.25%
RZB	C	0.25%
MS	A	0.25%
KEY	B	0.25%
CFG	B	0.24%
CG	A	0.24%
KKR	A	0.24%
TDS	B	0.23%
DTW	D	0.23%
FG	B	0.23%
HIG	B	0.22%
NTRS	A	0.22%
CHSCP	F	0.22%
EAI	C	0.22%
AGNCN	B	0.21%
USB	A	0.21%
FCNCA	A	0.2%
RLJ	C	0.2%
ESGRP	D	0.2%
UNMA	C	0.19%
ATHS	C	0.19%
ACGLO	C	0.19%
VOYA	B	0.19%
RF	A	0.19%
PRU	A	0.19%
UMH	C	0.18%
MGR	D	0.18%
WTFCP	A	0.18%
NGL	D	0.18%
CMSC	C	0.17%
TCBI	B	0.16%
ALL	A	0.16%
MTB	A	0.16%
WAL	B	0.16%
TVC	C	0.15%
ELC	C	0.15%
BHF	B	0.15%
NRUC	D	0.15%
NAVI	C	0.15%
RNR	C	0.15%
SR	A	0.15%
GPJA	F	0.15%
OZKAP	D	0.15%
WAFD	B	0.14%
FBRT	C	0.14%
GL	B	0.14%
AIZN	D	0.14%
EQH	B	0.14%
HPP	F	0.14%
EMP	D	0.14%
PNFP	B	0.14%
DBRG	F	0.13%
SNV	B	0.13%
DDT	B	0.13%
KMI	A	0.13%
NSA	D	0.13%
WRB	A	0.12%
TVE	C	0.12%
EIX	B	0.12%
SLMBP	C	0.12%
VNO	B	0.12%
GS	A	0.12%
SLG	B	0.12%
CMSA	C	0.12%
KIM	A	0.12%
FCNCO	D	0.12%
FITB	A	0.12%
SFB	D	0.12%
SITC	D	0.11%
LBRDP	C	0.11%
AUB	B	0.11%
CMS	C	0.11%
DTE	C	0.11%
HWC	B	0.11%
AFGC	C	0.11%
DLR	B	0.11%
NYMTM	B	0.11%
SIGI	C	0.1%
WSBC	A	0.1%
TRTX	B	0.1%
SPLP	D	0.1%
FULT	A	0.1%
AFGE	D	0.1%
RITM	C	0.1%
VLY	B	0.1%
DHC	F	0.1%
TFC	A	0.1%
SF	B	0.1%
HBAN	A	0.1%
CIM	D	0.09%
AMG	B	0.09%
KMPR	B	0.09%
GPMT	C	0.09%
CADE	B	0.09%
ZIONO	D	0.09%
ARR	D	0.09%
AGNCL	B	0.09%
AFGD	C	0.09%
CION	C	0.09%
AHH	D	0.09%
BNRE.A	C	0.09%
BOH	B	0.08%
CFR	B	0.08%
QVCD	D	0.08%
ATLC	B	0.08%
TWO	D	0.08%
GAIN	C	0.08%
CTVA	C	0.08%
AFGB	C	0.08%
LANDO	B	0.08%
BC	C	0.08%
NYMTL	A	0.08%
ARGD	C	0.08%
CNO	A	0.08%
FRT	B	0.08%
WTFCM	B	0.08%
MBIN	D	0.08%
WBS	A	0.08%
NYMTN	D	0.08%
ADC	B	0.08%
RILY	F	0.07%
PSA	D	0.07%
ACR	A	0.07%
ENO	D	0.07%
AMH	D	0.07%
BPOPM	C	0.07%
PCG	A	0.07%
CLDT	B	0.07%
IVR	F	0.07%
FCRX	A	0.07%
CTO	B	0.07%
MHNC	D	0.07%
FTAI	B	0.07%
ONB	B	0.07%
VLYPP	A	0.07%
NEWT	B	0.07%
MFA	D	0.07%
HTLF	B	0.07%
REG	B	0.07%
MSBI	B	0.07%
DRH	B	0.07%
EQC	B	0.07%
TRIN	A	0.07%
FHN	A	0.07%
SNCR	F	0.07%
RILYN	C	0.06%
BFS	C	0.06%
PEB	D	0.06%
LXP	D	0.06%
COF	B	0.06%
CNOB	B	0.06%
CODI	B	0.06%
VLYPO	B	0.06%
EFC	C	0.06%
EPR	D	0.06%
BW	D	0.06%
SAR	A	0.06%
BAC	A	0.06%
DCOMP	C	0.06%
FATBP	D	0.05%
MHLA	C	0.05%
CIO	D	0.05%
INN	D	0.05%
SHO	C	0.05%
FOSL	C	0.05%
ASB	B	0.05%
SLNHP	C	0.04%
OPI	F	0.04%
BHR	B	0.03%
XELAP	F	0.0%

PFF Underweight 156 Positions Relative to ERNZ

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%
DHT	F	-1.34%
CTRA	B	-1.26%
NAT	F	-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%
BKLN	A	-0.97%
CWH	B	-0.91%
FANG	D	-0.91%
GILD	C	-0.9%
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%
ECC	D	-0.73%
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%
ARCH	B	-0.24%
LVHI	B	-0.24%
NEAR	C	-0.23%
PULS	A	-0.22%
RA	B	-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%
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%
GIS	D	-0.15%
MINT	A	-0.14%
TSCO	D	-0.14%
FLRN	A	-0.13%
FTSL	B	-0.13%
NEM	D	-0.13%
HYGV	A	-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%
AGZD	A	-0.08%
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%