RAFE vs. ERNZ ETF Comparison

Comparison of PIMCO RAFI ESG U.S. ETF (RAFE) to TrueShares Active Yield ETF (ERNZ)

RAFE

PIMCO RAFI ESG U.S. ETF

RAFE Description

The investment seeks to provide total return that closely corresponds, before fees and expenses, to the total return of the RAFI ESG US Index. The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its total assets in the component securities of the RAFI ESG US Index. The underlying index is constructed by RAFI Indices, LLC using a rules-based approach within publicly traded U.S. equities to create an integrated ESG strategy which overweights companies that rate well across various ESG themes and excludes companies with a major involvement in industries such as tobacco, gaming, weapons and fossil fuels.

Grade (RS Rating)

Last Trade

$37.82

Average Daily Volume

12,485

Number of Holdings ^*

238

* 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	RAFE	ERNZ
30 Days	1.92%	1.89%
60 Days	3.06%	0.06%
90 Days	4.90%	1.25%
12 Months	24.12%

16 Overlapping Holdings

Symbol	Grade	Weight in RAFE	Weight in ERNZ	Overlap
ABBV	D	1.53%	1.08%	1.08%
AVGO	D	1.26%	1.0%	1.0%
CAH	B	0.29%	1.12%	0.29%
CL	D	0.37%	0.07%	0.07%
CPB	D	0.05%	0.08%	0.05%
GILD	C	0.99%	0.9%	0.9%
GIS	D	0.32%	0.15%	0.15%
HSY	F	0.06%	0.1%	0.06%
K	A	0.18%	0.08%	0.08%
KMB	D	0.3%	0.09%	0.09%
LRCX	F	0.5%	0.51%	0.5%
NEM	D	0.46%	0.13%	0.13%
PEP	F	0.28%	0.08%	0.08%
PFE	D	2.32%	0.08%	0.08%
PG	A	2.84%	0.06%	0.06%
TSCO	D	0.11%	0.14%	0.11%

RAFE Overweight 222 Positions Relative to ERNZ

Symbol	Grade	Weight
AAPL	C	6.52%
MSFT	F	5.72%
JPM	A	4.09%
C	A	3.25%
JNJ	D	3.18%
CSCO	B	2.94%
INTC	D	2.85%
WFC	A	2.82%
T	A	2.41%
GM	B	2.16%
BMY	B	1.97%
IBM	C	1.81%
HD	A	1.77%
VZ	C	1.69%
MRK	F	1.69%
ORCL	B	1.68%
QCOM	F	1.6%
CMCSA	B	1.55%
CI	F	1.3%
META	D	1.2%
DIS	B	1.2%
TGT	F	1.18%
ABT	B	1.18%
LOW	D	1.14%
F	C	1.14%
NVDA	C	1.12%
LIN	D	1.12%
V	A	1.09%
AMGN	D	1.08%
MMM	D	1.07%
GS	A	0.98%
KO	D	0.98%
ACN	C	0.97%
MU	D	0.95%
ELV	F	0.89%
BAC	A	0.86%
TXN	C	0.83%
AMAT	F	0.81%
MA	C	0.79%
HPQ	B	0.72%
BLK	C	0.71%
HPE	B	0.7%
MET	A	0.7%
LLY	F	0.67%
AXP	A	0.63%
ADBE	C	0.63%
PYPL	B	0.62%
DD	D	0.59%
ALL	A	0.58%
UNH	C	0.58%
CRM	B	0.58%
JCI	C	0.55%
UPS	C	0.54%
DE	A	0.54%
PRU	A	0.51%
BBY	D	0.5%
DOW	F	0.5%
TSLA	B	0.49%
TJX	A	0.49%
NKE	D	0.48%
DHR	F	0.46%
TMUS	B	0.46%
ADP	B	0.45%
FDX	B	0.45%
WM	A	0.44%
IP	B	0.43%
MCK	B	0.43%
APD	A	0.42%
EBAY	D	0.41%
HUM	C	0.41%
CVS	D	0.4%
WDC	D	0.37%
ADI	D	0.37%
CARR	D	0.37%
CBRE	B	0.37%
FIS	C	0.36%
WELL	A	0.33%
ADM	D	0.33%
BDX	F	0.32%
ITW	B	0.31%
EA	A	0.31%
NTAP	C	0.29%
MDLZ	F	0.29%
MAR	B	0.28%
FI	A	0.28%
HIG	B	0.27%
BIIB	F	0.27%
GEHC	F	0.27%
CCI	D	0.27%
STT	A	0.26%
WY	D	0.26%
ECL	D	0.26%
EIX	B	0.25%
PGR	A	0.25%
AMP	A	0.25%
SYY	B	0.24%
EQIX	A	0.24%
VTR	C	0.23%
OC	A	0.22%
MSI	B	0.21%
KLAC	D	0.21%
LUMN	C	0.21%
WHR	B	0.21%
CMI	A	0.21%
JLL	D	0.21%
PFG	D	0.2%
PARA	C	0.2%
KHC	F	0.2%
PPG	F	0.2%
LH	C	0.19%
JNPR	F	0.19%
IRM	D	0.19%
FOXA	B	0.19%
MOS	F	0.19%
AMT	D	0.19%
BK	A	0.19%
BAX	D	0.18%
CTSH	B	0.18%
VFC	C	0.18%
DVA	B	0.17%
GWW	B	0.17%
TPR	B	0.16%
CF	B	0.16%
AVB	B	0.16%
BALL	D	0.16%
MCO	B	0.16%
EW	C	0.16%
EQR	B	0.16%
PKG	A	0.15%
ARW	D	0.15%
DG	F	0.15%
HLT	A	0.15%
SHW	A	0.15%
A	D	0.15%
KDP	D	0.14%
AWK	D	0.14%
ISRG	A	0.14%
OMC	C	0.14%
KSS	F	0.14%
ZTS	D	0.14%
FAST	B	0.13%
CDNS	B	0.13%
FITB	A	0.13%
CNC	D	0.13%
MRVL	B	0.13%
COR	B	0.13%
DELL	C	0.13%
OTIS	C	0.12%
TROW	B	0.12%
EL	F	0.12%
SYK	C	0.12%
IFF	D	0.12%
HOLX	D	0.11%
PAYX	C	0.11%
WAT	B	0.11%
HST	C	0.11%
SWK	D	0.11%
BSX	B	0.11%
GAP	C	0.11%
PVH	C	0.11%
ON	D	0.1%
KEYS	A	0.1%
SPGI	C	0.1%
LKQ	D	0.09%
WAB	B	0.09%
SOLV	C	0.09%
HCA	F	0.09%
WBA	F	0.09%
VTRS	A	0.09%
AVT	C	0.09%
SJM	D	0.09%
USFD	A	0.09%
NFLX	A	0.09%
TER	D	0.09%
CDW	F	0.09%
ILMN	D	0.08%
SNPS	B	0.08%
GPC	D	0.08%
PLD	D	0.08%
LNC	B	0.08%
DOX	D	0.08%
LEA	D	0.08%
DXC	B	0.07%
DGX	A	0.07%
KIM	A	0.07%
NDAQ	A	0.07%
CHD	B	0.07%
HUN	F	0.07%
CAG	D	0.07%
AKAM	D	0.07%
TSN	B	0.07%
MAA	B	0.07%
NTRS	A	0.07%
NWSA	B	0.07%
DOV	A	0.06%
KD	B	0.06%
HSIC	B	0.06%
EQH	B	0.06%
GT	C	0.06%
MCHP	D	0.06%
AMD	F	0.06%
ESS	B	0.05%
MHK	D	0.05%
XRX	F	0.05%
HAS	D	0.05%
CTVA	C	0.05%
FL	F	0.05%
ORLY	B	0.05%
ROK	B	0.05%
AAP	C	0.04%
OGN	D	0.04%
WU	D	0.04%
GEN	B	0.04%
AGCO	D	0.04%
NWL	B	0.04%
FLEX	A	0.04%
RSG	A	0.04%
MAN	D	0.03%
M	D	0.03%
O	D	0.02%
ANET	C	0.02%
HRL	D	0.01%

RAFE Underweight 152 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%
ABR	C	-1.36%
DHT	F	-1.34%
CTRA	B	-1.26%
NAT	F	-1.16%
PSEC	D	-1.16%
MUR	D	-1.13%
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%
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%
FLTR	A	-0.15%
ROL	B	-0.15%
MINT	A	-0.14%
FLRN	A	-0.13%
FTSL	B	-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%
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%
LADR	B	-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%
RDY	F	-0.06%
USA	A	-0.06%
ARI	C	-0.05%
PFLT	D	-0.04%
IEF	F	-0.04%