ERNZ vs. PIFI ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to ClearShares Piton Intermediate Fixed income ETF (PIFI)

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

$25.35

Average Daily Volume

9,427

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

PIFI

ClearShares Piton Intermediate Fixed income ETF

PIFI Description

The investment seeks current income consistent with the long term preservation of capital. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus borrowings for investment purposes) in debt securities and in derivatives and other instruments that have economic characteristics similar to such securities. It principally invests in U.S.-dollar denominated, investment-grade securities and seeks to typically maintain a dollar-weighted average portfolio maturity of zero to ten years. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$94.14

Average Daily Volume

1,504

Number of Holdings ^*

1

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	PIFI
30 Days	3.30%	-0.36%
60 Days	5.59%	0.36%
90 Days	3.41%	2.57%
12 Months		7.33%

0 Overlapping Holdings

	Symbol	Grade	Weight in ERNZ	Weight in PIFI	Overlap

ERNZ Overweight 10 Positions Relative to PIFI

	Symbol	Grade	Weight
	INSW	B	3.46%
	GOF	A	3.38%
	CLM	A	3.33%
	NAT	B	3.25%
	OCSL	D	3.24%
	GNL	D	2.73%
	TSLX	B	2.72%
	DHT	B	2.51%
	ABR	C	2.42%
	PSEC	C	2.26%

ERNZ Underweight 1 Positions Relative to PIFI

	Symbol	Grade	Weight
	OPER	A	-3.1%

ERNZ: Top Represented Industries & Keywords

Industries: Shipping & Ports Asset Management REIT - Diversified Credit Services

Keywords: Ships Tanker Aframax Business Development ETF Exchange Traded Fund Large Crude Carrier Loan Oil Tanker Private Equity Real Estate Investment Trust Senior Debt Suezmax Banking Beverage Brandywine Realty Trust Bridge Financing Bridge Financing Products Business Development Company Capital Structure

PIFI: Top Represented Industries & Keywords

Industries:

Keywords: Bear Market ETF Betashares ETF Exchange Traded Fund Exchange Traded Funds Inverse ETF Leveraged ETF Money Market Fund Repurchase Agreement U.S. Government Ultra ETF