ERNZ vs. AUSF ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to Global X Adaptive U.S. Factor ETF (AUSF)

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

$25.21

Average Daily Volume

11,875

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

AUSF

Global X Adaptive U.S. Factor ETF

AUSF Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Adaptive Wealth Strategies U.S. Factor Index (the "index"). The fund invests at least 80% of its total assets in the securities of the index. Its 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The index is designed to dynamically allocate across three sub-indices that provide exposure to U.S. equities that exhibit characteristics of one of three primary factors: value, momentum and low volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.01

Average Daily Volume

36,554

Number of Holdings ^*

190

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	AUSF
30 Days	1.89%	4.22%
60 Days	0.06%	5.67%
90 Days	1.25%	7.18%
12 Months		33.52%

15 Overlapping Holdings

Symbol	Grade	Weight in ERNZ	Weight in AUSF	Overlap
ABBV	D	1.09%	0.14%	0.14%
AGNC	D	0.75%	0.49%	0.49%
BCC	B	3.04%	0.51%	0.51%
CAH	B	1.13%	0.08%	0.08%
CIVI	D	0.11%	0.51%	0.11%
CL	D	0.08%	0.07%	0.07%
COST	B	0.3%	0.12%	0.12%
K	A	0.08%	0.07%	0.07%
KMB	D	0.09%	0.07%	0.07%
KR	B	1.68%	0.12%	0.12%
MO	A	0.12%	0.65%	0.12%
PCAR	B	0.1%	0.52%	0.1%
PEP	F	0.08%	0.66%	0.08%
PFE	D	0.08%	0.43%	0.08%
PG	A	0.07%	0.83%	0.07%

ERNZ Overweight 153 Positions Relative to AUSF

Symbol	Grade	Weight
CLM	A	3.68%
TCPC	C	3.58%
FSK	A	3.54%
OXLC	C	3.2%
INSW	F	2.96%
TSLX	C	2.92%
GBDC	C	2.92%
CRF	B	2.91%
WSO	A	2.78%
QYLD	B	2.37%
KRP	B	2.22%
GOF	A	1.51%
NEP	F	1.47%
CTRA	B	1.36%
ABR	C	1.3%
DHT	F	1.28%
PSEC	D	1.23%
NAT	F	1.13%
MUR	D	1.12%
HTGC	D	1.08%
FDUS	A	1.06%
HRZN	F	1.03%
SHV	A	1.01%
GNL	F	1.0%
BKLN	A	0.97%
RC	D	0.95%
AVGO	D	0.95%
FANG	D	0.91%
CWH	B	0.89%
DKS	C	0.88%
CLX	B	0.88%
XMHQ	B	0.87%
GILD	C	0.87%
TRGP	B	0.83%
SPTN	D	0.8%
AOD	D	0.77%
ARES	A	0.75%
TFLO	B	0.73%
DX	B	0.71%
ECC	D	0.7%
ACP	C	0.6%
USFR	A	0.54%
DAC	B	0.5%
LRCX	F	0.49%
VIRT	B	0.45%
FRO	F	0.45%
GBIL	B	0.44%
CCOI	B	0.42%
GFF	A	0.4%
PDI	C	0.4%
BIL	A	0.39%
OVV	B	0.38%
GSBD	F	0.36%
DDS	B	0.32%
STLD	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	C	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%
MPC	D	0.19%
ALB	C	0.18%
SAH	A	0.18%
APAM	B	0.18%
WINA	B	0.18%
FLBL	A	0.18%
SRLN	A	0.18%
BRSP	B	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%
ROL	B	0.15%
GIS	D	0.15%
TSCO	D	0.14%
NEM	D	0.14%
MINT	A	0.14%
DVN	F	0.14%
GOGL	F	0.14%
PBI	B	0.13%
FLRN	A	0.13%
FTSL	B	0.13%
GFI	D	0.12%
HYGV	A	0.12%
MPW	F	0.12%
JCPB	C	0.12%
GOVT	D	0.12%
OHI	C	0.12%
CVI	F	0.11%
USDU	A	0.11%
HRB	D	0.11%
JMST	B	0.11%
FTSM	B	0.11%
SHY	D	0.11%
HLI	B	0.11%
IPAR	B	0.11%
AMRK	F	0.11%
FHI	A	0.1%
VGLT	F	0.1%
RYLD	A	0.1%
PNNT	B	0.1%
DEA	D	0.1%
SQM	F	0.1%
PTEN	C	0.09%
MAIN	A	0.09%
EDV	F	0.09%
UVV	B	0.09%
UTG	A	0.09%
FLOT	A	0.09%
ZROZ	F	0.09%
JPST	A	0.09%
XYLD	A	0.09%
HSY	F	0.09%
NGG	D	0.08%
AGZD	A	0.08%
KOF	F	0.08%
LGOV	F	0.08%
OLN	D	0.08%
ASC	F	0.08%
SJNK	A	0.08%
CPB	D	0.08%
LADR	B	0.08%
WMK	C	0.08%
JMBS	C	0.07%
AGZ	C	0.07%
IIPR	D	0.07%
RDY	F	0.06%
USA	A	0.06%
ARI	C	0.05%
PFLT	D	0.04%
IEF	F	0.04%

ERNZ Underweight 175 Positions Relative to AUSF

Symbol	Grade	Weight
T	A	-1.9%
VZ	C	-1.83%
TMUS	B	-1.59%
RSG	A	-1.56%
WMT	A	-1.56%
BSX	B	-1.54%
COR	B	-1.51%
V	A	-1.51%
BRK.A	B	-1.5%
EA	A	-1.43%
ADP	B	-1.43%
MMC	B	-1.42%
CSCO	B	-1.41%
ICE	C	-1.41%
LMT	D	-1.4%
RTX	C	-1.4%
CME	A	-1.39%
WM	A	-1.38%
IBM	C	-1.37%
JNPR	F	-1.36%
LIN	D	-1.35%
JNJ	D	-1.34%
GD	F	-1.33%
EDR	A	-1.32%
ACI	C	-1.29%
DOX	D	-1.25%
KO	D	-1.03%
MRK	F	-1.0%
CBOE	B	-0.94%
BR	A	-0.84%
DTM	B	-0.7%
MCD	D	-0.7%
KMI	A	-0.66%
UNM	A	-0.65%
TPR	B	-0.63%
MARA	C	-0.62%
IP	B	-0.59%
OKE	A	-0.58%
SYF	B	-0.58%
FHN	A	-0.57%
WBS	A	-0.57%
UMBF	B	-0.56%
ZION	B	-0.56%
FNB	A	-0.56%
VTRS	A	-0.56%
CMA	A	-0.55%
WHR	B	-0.55%
ONB	B	-0.55%
ABG	B	-0.55%
RF	A	-0.55%
AL	B	-0.55%
CFG	B	-0.55%
PB	A	-0.55%
COLB	A	-0.55%
UBSI	B	-0.55%
HBAN	A	-0.55%
LAD	A	-0.55%
LBRDK	C	-0.54%
OZK	B	-0.54%
INTC	D	-0.54%
HPE	B	-0.54%
CADE	B	-0.54%
PVH	C	-0.53%
TAP	C	-0.53%
BEN	C	-0.53%
C	A	-0.53%
GM	B	-0.52%
ALLY	C	-0.52%
LNC	B	-0.52%
HPQ	B	-0.52%
AM	A	-0.52%
NOV	C	-0.52%
SLG	B	-0.51%
CNH	C	-0.51%
CMCSA	B	-0.51%
CNC	D	-0.5%
CHRD	D	-0.5%
CHE	D	-0.5%
JXN	C	-0.5%
DINO	D	-0.49%
NXST	C	-0.49%
BG	F	-0.49%
STWD	C	-0.49%
QGEN	D	-0.49%
CVS	D	-0.49%
HST	C	-0.49%
MOS	F	-0.48%
SNX	C	-0.48%
X	C	-0.48%
CRBG	B	-0.48%
BWA	D	-0.48%
UGI	A	-0.48%
VICI	C	-0.48%
RDN	C	-0.48%
AVT	C	-0.48%
KRC	C	-0.47%
EMN	D	-0.47%
SON	D	-0.47%
HOG	D	-0.47%
SOLV	C	-0.47%
ADM	D	-0.47%
TDG	D	-0.47%
M	D	-0.47%
RPRX	D	-0.47%
GAP	C	-0.47%
RNR	C	-0.47%
WU	D	-0.46%
BBY	D	-0.46%
LYB	F	-0.46%
MDT	D	-0.45%
CAG	D	-0.45%
FMC	D	-0.45%
LEA	D	-0.44%
KHC	F	-0.43%
SWKS	F	-0.43%
ARW	D	-0.43%
WBA	F	-0.43%
DOW	F	-0.42%
HII	D	-0.42%
OGN	D	-0.42%
CE	F	-0.29%
YUM	B	-0.26%
CACI	D	-0.18%
PGR	A	-0.18%
TW	A	-0.14%
GRMN	B	-0.13%
TRV	B	-0.12%
SO	D	-0.12%
CHD	B	-0.12%
VRSK	A	-0.1%
DUK	C	-0.1%
ORI	A	-0.1%
SNA	A	-0.1%
AAPL	C	-0.1%
GDDY	A	-0.1%
WMB	A	-0.1%
LDOS	C	-0.1%
AFL	B	-0.1%
ATR	B	-0.09%
PNW	B	-0.09%
MCK	B	-0.09%
AME	A	-0.09%
MSI	B	-0.09%
CVX	A	-0.09%
PKG	A	-0.09%
WRB	A	-0.09%
INGR	B	-0.08%
TJX	A	-0.08%
CI	F	-0.08%
UNH	C	-0.08%
FI	A	-0.08%
HOLX	D	-0.08%
BDX	F	-0.08%
HIG	B	-0.08%
CB	C	-0.08%
XOM	B	-0.08%
MA	C	-0.08%
NOC	D	-0.08%
ED	D	-0.08%
VRSN	F	-0.08%
MDLZ	F	-0.07%
FE	C	-0.07%
VRTX	F	-0.07%
CTLT	B	-0.07%
ECL	D	-0.07%
HON	B	-0.07%
AJG	B	-0.07%
AMGN	D	-0.07%
ATO	A	-0.07%
DGX	A	-0.07%
ROP	B	-0.07%
WELL	A	-0.07%
L	A	-0.07%
AKAM	D	-0.06%
REGN	F	-0.05%