ERNZ vs. HYIN ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to WisdomTree Alternative Income Fund (HYIN)

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

$24.82

Average Daily Volume

10,835

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

HYIN

WisdomTree Alternative Income Fund

HYIN Description

The investment seeks to track the price and yield performance, before fees and expenses, of the Gapstow Liquid Alternative Credit Index (the ?Index?). Under normal circumstances, at least 80% of the fund?s total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is comprised of registered closed-end investment companies and real estate investment trusts that are listed and publicly traded on a major U.S. stock exchange. It is non-diversified.

Grade (RS Rating)

Last Trade

$18.50

Average Daily Volume

24,380

Number of Holdings ^*

27

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	HYIN
30 Days	-1.64%	-1.01%
60 Days	-1.01%	-3.51%
90 Days	1.17%	-1.27%
12 Months		7.67%

15 Overlapping Holdings

	Symbol	Grade	Weight in ERNZ	Weight in HYIN	Overlap
	ABR	C	1.36%	2.99%	1.36%
	AGNC	C	0.73%	2.73%	0.73%
	ARCC	A	0.16%	3.08%	0.16%
	ARI	C	0.05%	2.81%	0.05%
	BXMT	C	0.18%	2.7%	0.18%
	ECC	D	0.73%	2.86%	0.73%
	FSK	A	3.48%	3.17%	3.17%
	GBDC	B	2.98%	3.04%	2.98%
	GOF	A	1.51%	3.01%	1.51%
	HTGC	D	1.11%	2.9%	1.11%
	LADR	B	0.08%	2.87%	0.08%
	MAIN	A	0.08%	3.11%	0.08%
	OXLC	B	3.31%	3.08%	3.08%
	PDI	D	0.4%	2.91%	0.4%
	RC	D	0.93%	2.65%	0.93%

ERNZ Overweight 153 Positions Relative to HYIN

	Symbol	Grade	Weight
	CLM	B	3.79%
	TCPC	C	3.51%
	INSW	F	3.07%
	BCC	C	3.05%
	CRF	B	2.98%
	TSLX	C	2.89%
	WSO	A	2.69%
	QYLD	A	2.44%
	KRP	B	2.27%
	KR	B	1.7%
	NEP	F	1.54%
	DHT	D	1.34%
	CTRA	B	1.26%
	NAT	F	1.16%
	PSEC	D	1.16%
	MUR	D	1.13%
	CAH	B	1.12%
	ABBV	F	1.08%
	FDUS	A	1.05%
	HRZN	F	1.03%
	SHV	A	1.01%
	AVGO	D	1.0%
	GNL	D	1.0%
	BKLN	A	0.97%
	CWH	C	0.91%
	FANG	C	0.91%
	GILD	B	0.9%
	DKS	D	0.87%
	CLX	A	0.87%
	XMHQ	B	0.86%
	AOD	D	0.78%
	SPTN	F	0.77%
	TRGP	A	0.76%
	TFLO	A	0.74%
	ARES	A	0.73%
	DX	B	0.71%
	ACP	A	0.61%
	USFR	A	0.54%
	LRCX	F	0.51%
	DAC	B	0.51%
	FRO	D	0.46%
	GBIL	A	0.44%
	VIRT	A	0.42%
	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	A	0.29%
	SBR	B	0.27%
	STNG	D	0.26%
	GNK	C	0.26%
	CNA	C	0.26%
	PMT	D	0.25%
	KREF	D	0.24%
	ARCH	B	0.24%
	LVHI	A	0.24%
	NEAR	C	0.23%
	PULS	A	0.22%
	RA	C	0.21%
	NMFC	D	0.21%
	BTI	A	0.21%
	BAH	F	0.2%
	BIZD	A	0.2%
	UNIT	B	0.2%
	SCHO	C	0.2%
	MPC	C	0.19%
	WINA	B	0.18%
	FLBL	A	0.18%
	APAM	B	0.18%
	CWEN	C	0.18%
	SAH	B	0.18%
	SRLN	A	0.18%
	ALB	B	0.17%
	COKE	C	0.17%
	BRSP	C	0.17%
	RAVI	A	0.17%
	GOGL	D	0.16%
	PAG	C	0.16%
	VNLA	A	0.16%
	DVN	F	0.15%
	LYTS	B	0.15%
	BGS	F	0.15%
	VRIG	A	0.15%
	ETD	D	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	A	0.13%
	NEM	D	0.13%
	HYGV	A	0.12%
	PBI	C	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	F	0.11%
	HLI	A	0.11%
	CVI	D	0.11%
	USDU	A	0.11%
	JMST	A	0.11%
	FTSM	A	0.11%
	SHY	C	0.11%
	IPAR	B	0.11%
	HRB	D	0.11%
	AMRK	D	0.11%
	HSY	F	0.1%
	FHI	B	0.1%
	VGLT	D	0.1%
	SQM	D	0.1%
	PNNT	B	0.1%
	RYLD	A	0.1%
	PCAR	C	0.1%
	DEA	D	0.1%
	UVV	B	0.09%
	UTG	A	0.09%
	EDV	D	0.09%
	WMK	B	0.09%
	KMB	C	0.09%
	FLOT	A	0.09%
	ZROZ	D	0.09%
	JPST	A	0.09%
	XYLD	A	0.09%
	AGZD	A	0.08%
	KOF	F	0.08%
	K	A	0.08%
	LGOV	C	0.08%
	OLN	F	0.08%
	SJNK	A	0.08%
	ASC	D	0.08%
	PFE	F	0.08%
	CPB	D	0.08%
	PEP	F	0.08%
	PTEN	C	0.08%
	JMBS	D	0.07%
	AGZ	C	0.07%
	IIPR	F	0.07%
	NGG	D	0.07%
	CL	D	0.07%
	RDY	D	0.06%
	USA	A	0.06%
	PG	C	0.06%
	PFLT	D	0.04%
	IEF	F	0.04%

ERNZ Underweight 12 Positions Relative to HYIN

	Symbol	Grade	Weight
	JFR	A	-3.03%
	BXSL	A	-3.02%
	JQC	A	-3.01%
	PTY	A	-3.0%
	HYT	A	-2.94%
	EVV	C	-2.86%
	AOMR	F	-2.86%
	VVR	D	-2.81%
	EFC	D	-2.77%
	STWD	C	-2.76%
	RWT	D	-2.7%
	CMTG	D	-2.62%

ERNZ: Top Represented Industries & Keywords

Industries: Asset Management Shipping & Ports Oil & Gas E&P REIT - Diversified Household & Personal Products Packaged Foods Beverages - Soft Drinks Capital Markets Drug Manufacturers - Major Specialty Retail Tobacco Auto & Truck Dealerships Business Services Gold Grocery Stores Oil & Gas Drilling Oil & Gas Refining & Marketing REIT - Healthcare Facilities REIT - Industrial REIT - Office

Keywords: Exchange Traded Fund ETF S&P 500 Bond Private Equity Structured Finance Real Estate Investment Trust Bond Market Loan U.S. Treasury Business Development Mezzanine Capital Mortgage Backed Security Mortgage Loan Bloomberg Barclays Us Aggregate Bond Index Index Fund U.S. Government Crude Oil Debt Securities Debt

HYIN: Top Represented Industries & Keywords

Industries: REIT - Diversified Asset Management REIT - Mortgage Specialty Finance REIT - Residential

Keywords: Structured Finance Loan ETF Exchange Traded Fund Mortgage Loan Private Equity Mortgage Backed Security Real Estate Investment Trust Mezzanine Capital Real Estate Finance Real Estate Mortgage Investment Conduit Bond Debt Mutual Fund Subordinated Debt Venture Capital Business Development High Yield Debt Refinancing Allianz Global Investors