ERNZ vs. HYBB ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to iShares BB Rated Corporate Bond ETF (HYBB)

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

HYBB

iShares BB Rated Corporate Bond ETF

HYBB Description

The investment seeks to track the investment results of the ICE BofA BB US High Yield Constrained Index composed of BB, or equivalently rated, fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporations. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates (BlackRock Cash Funds), as well as in securities not included in the index, but which BFA believes will help it track the index.

Grade (RS Rating)

Last Trade

$46.60

Average Daily Volume

53,807

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	HYBB
30 Days	1.89%	0.77%
60 Days	0.06%	-0.93%
90 Days	1.25%	0.18%
12 Months		7.81%

11 Overlapping Holdings

Symbol	Grade	Weight in ERNZ	Weight in HYBB	Overlap
BCC	B	3.05%	0.06%	0.06%
BXMT	C	0.18%	0.05%	0.05%
CCOI	B	0.39%	0.06%	0.06%
CIVI	D	0.11%	0.06%	0.06%
GNL	F	1.0%	0.08%	0.08%
LADR	B	0.08%	0.08%	0.08%
MUR	D	1.13%	0.05%	0.05%
NEP	F	1.54%	0.08%	0.08%
OLN	D	0.08%	0.07%	0.07%
PAG	B	0.16%	0.07%	0.07%
SAH	A	0.18%	0.07%	0.07%

ERNZ Overweight 157 Positions Relative to HYBB

Symbol	Grade	Weight
CLM	A	3.79%
TCPC	C	3.51%
FSK	A	3.48%
OXLC	C	3.31%
INSW	F	3.07%
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%
GOF	A	1.51%
ABR	C	1.36%
DHT	F	1.34%
CTRA	B	1.26%
NAT	F	1.16%
PSEC	D	1.16%
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%
RC	D	0.93%
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%
ARES	A	0.73%
ECC	D	0.73%
AGNC	D	0.73%
DX	B	0.71%
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%
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%
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%
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%
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%
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%
SJNK	A	0.08%
ASC	F	0.08%
PFE	D	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%

ERNZ Underweight 246 Positions Relative to HYBB

Symbol	Grade	Weight
WDC	D	-0.33%
JBLU	F	-0.3%
INGM	F	-0.29%
CCL	B	-0.29%
UAL	A	-0.27%
WFRD	D	-0.25%
GTLS	B	-0.23%
CZR	F	-0.22%
SBAC	D	-0.2%
GTN	F	-0.2%
TLN	B	-0.19%
JAZZ	B	-0.19%
VAL	D	-0.17%
TDG	D	-0.16%
VST	B	-0.15%
POST	C	-0.15%
SIRI	C	-0.14%
COHR	B	-0.14%
PFGC	B	-0.14%
DVA	B	-0.14%
BFH	B	-0.14%
ACM	A	-0.14%
PCG	A	-0.14%
NXST	C	-0.13%
RBLX	C	-0.13%
SQ	B	-0.13%
AMCX	C	-0.13%
HLF	C	-0.12%
KNTK	B	-0.12%
HRI	B	-0.12%
BYD	C	-0.12%
ESI	A	-0.12%
WCC	B	-0.12%
HGV	B	-0.12%
VRT	B	-0.12%
HTZ	C	-0.12%
SYF	B	-0.11%
IGT	F	-0.11%
W	F	-0.11%
AVTR	F	-0.11%
ESAB	B	-0.11%
AAL	B	-0.11%
DTE	C	-0.11%
USM	B	-0.1%
TPX	B	-0.1%
SBH	C	-0.1%
GAP	C	-0.1%
BALL	D	-0.1%
ADT	C	-0.1%
CRWD	B	-0.1%
TRN	C	-0.1%
ON	D	-0.1%
TEX	D	-0.09%
VSAT	F	-0.09%
WAL	B	-0.09%
SLGN	A	-0.09%
ASGN	F	-0.09%
MOH	F	-0.09%
GEN	B	-0.09%
PK	B	-0.09%
FTRE	D	-0.09%
AVNT	B	-0.09%
AIR	B	-0.09%
CWK	B	-0.09%
IEP	F	-0.09%
AM	A	-0.09%
GDDY	A	-0.09%
ATSG	B	-0.09%
MTN	C	-0.09%
GEO	B	-0.09%
ADNT	F	-0.08%
THO	B	-0.08%
IQV	D	-0.08%
CRI	D	-0.08%
ACI	C	-0.08%
XPO	B	-0.08%
BLDR	D	-0.08%
AMKR	D	-0.08%
SLM	A	-0.08%
OGN	D	-0.08%
ESTC	C	-0.08%
WH	B	-0.08%
FLR	B	-0.08%
LW	C	-0.08%
ACCO	C	-0.08%
AXTA	A	-0.08%
OUT	A	-0.08%
SRCL	C	-0.08%
PARA	C	-0.08%
PPC	C	-0.08%
DO	D	-0.08%
CXW	B	-0.08%
ECPG	B	-0.08%
ALGT	B	-0.08%
HHH	B	-0.08%
NMRK	B	-0.08%
MTDR	B	-0.08%
SNEX	B	-0.08%
SCI	B	-0.08%
THC	D	-0.08%
ZBRA	B	-0.08%
RNG	B	-0.07%
PTC	A	-0.07%
MD	B	-0.07%
KFY	B	-0.07%
RLJ	C	-0.07%
LAD	A	-0.07%
COOP	B	-0.07%
MWA	B	-0.07%
ATGE	B	-0.07%
ZD	C	-0.07%
FCFS	F	-0.07%
DY	D	-0.07%
LYV	A	-0.07%
FTAI	B	-0.07%
GHC	C	-0.07%
PHIN	A	-0.07%
TNET	D	-0.07%
HLT	A	-0.07%
COTY	F	-0.07%
NAVI	C	-0.07%
NCLH	B	-0.07%
URI	B	-0.07%
EPC	D	-0.07%
SCS	C	-0.07%
DAR	C	-0.07%
NWSA	B	-0.07%
ALLY	C	-0.07%
GPI	A	-0.07%
ARLP	A	-0.07%
TGNA	B	-0.07%
TFX	F	-0.07%
NSIT	F	-0.07%
LTH	C	-0.07%
EIX	B	-0.07%
NGVT	B	-0.07%
IRM	D	-0.07%
UA	C	-0.07%
PFSI	D	-0.07%
BWXT	B	-0.06%
MGM	D	-0.06%
HLX	B	-0.06%
AIZ	A	-0.06%
TCBI	B	-0.06%
ST	F	-0.06%
CIEN	B	-0.06%
MTX	B	-0.06%
HOLX	D	-0.06%
TMHC	B	-0.06%
SM	B	-0.06%
CACC	D	-0.06%
WMS	D	-0.06%
SEE	C	-0.06%
CHTR	C	-0.06%
PBH	A	-0.06%
RXO	C	-0.06%
TRS	B	-0.06%
HESM	B	-0.06%
TTMI	B	-0.06%
AA	B	-0.06%
ATKR	C	-0.06%
NWL	B	-0.06%
CNX	A	-0.06%
VSTO	A	-0.06%
TWLO	A	-0.06%
VNOM	A	-0.06%
RHP	B	-0.06%
CRL	C	-0.06%
NRG	B	-0.06%
CCK	C	-0.06%
LEVI	F	-0.06%
ET	A	-0.06%
CCS	D	-0.06%
BCO	D	-0.06%
RRC	B	-0.06%
SXC	A	-0.06%
VNO	B	-0.05%
DFH	D	-0.05%
OII	B	-0.05%
DAN	D	-0.05%
CLF	F	-0.05%
ASH	D	-0.05%
AMN	F	-0.05%
PR	B	-0.05%
STWD	C	-0.05%
WGO	C	-0.05%
JWN	C	-0.05%
CRS	A	-0.05%
GOLF	B	-0.05%
OI	C	-0.05%
ALSN	B	-0.05%
TPH	D	-0.05%
SYNA	C	-0.05%
IBP	D	-0.05%
VIAV	B	-0.05%
FL	F	-0.05%
ENTG	D	-0.05%
ABG	B	-0.05%
LAMR	D	-0.05%
SUN	B	-0.05%
EHC	B	-0.05%
LPX	B	-0.05%
BLD	D	-0.05%
AES	F	-0.05%
AR	B	-0.05%
FOUR	B	-0.05%
CMC	B	-0.04%
REZI	A	-0.04%
CLH	B	-0.04%
FUL	F	-0.04%
CXT	B	-0.04%
KBR	F	-0.04%
PRGO	B	-0.04%
BECN	B	-0.04%
BSIG	A	-0.04%
FOR	F	-0.04%
MUSA	A	-0.04%
SPR	D	-0.04%
GNW	A	-0.04%
ENS	D	-0.04%
LGIH	D	-0.04%
X	C	-0.04%
GPK	C	-0.04%
IMKTA	C	-0.04%
YUM	B	-0.04%
VLY	B	-0.04%
VFC	C	-0.04%
BDN	C	-0.04%
PRAA	C	-0.04%
CENT	C	-0.04%
KSS	F	-0.04%
BBWI	D	-0.04%
TNL	A	-0.04%
HI	C	-0.04%
STX	D	-0.04%
HPP	F	-0.04%
MHO	D	-0.04%
KBH	D	-0.04%
CHRD	D	-0.04%
RCL	A	-0.04%
CSTM	F	-0.03%
WBA	F	-0.03%
BERY	B	-0.03%
AAP	C	-0.03%
OMF	A	-0.03%
M	D	-0.02%