ERNZ vs. PSCF ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to PowerShares S&P SmallCap Financials Portfolio (PSCF)

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

$24.98

Average Daily Volume

215,685

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PSCF

PowerShares S&P SmallCap Financials Portfolio

PSCF Description

The PowerShares S&P SmallCap Financials Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Financials Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US financial services companies. These companies are principally engaged in the business of providing services and products, including banking, investment services, insurance and real estate finance services. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$46.50

Average Daily Volume

863

Number of Holdings ^*

157

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	PSCF
30 Days	-1.17%	-1.76%
60 Days		0.75%
90 Days		-2.85%
12 Months		15.81%

1 Overlapping Holdings

	Symbol	Grade	Weight in ERNZ	Weight in PSCF	Overlap
	GNL	F	2.14%	0.49%	0.49%

ERNZ Overweight 8 Positions Relative to PSCF

Symbol	Grade	Weight
TSLX	B	2.73%
GOF	A	2.71%
INSW	B	2.67%
CLM	A	2.58%
OCSL	D	2.45%
DHT	C	2.42%
NAT	C	2.32%
CNA	C	1.88%

ERNZ Underweight 156 Positions Relative to PSCF

Symbol	Grade	Weight
COOP	C	-1.86%
LNC	B	-1.81%
JXN	B	-1.75%
RDN	B	-1.62%
EPRT	B	-1.5%
AGO	C	-1.47%
PECO	C	-1.35%
SLG	B	-1.28%
MC	D	-1.21%
HASI	C	-1.19%
CTRE	C	-1.14%
PIPR	A	-1.12%
WD	C	-1.11%
APLE	D	-1.08%
MAC	D	-1.08%
BXMT	C	-1.07%
BGC	C	-1.07%
ABCB	C	-1.07%
IIPR	B	-1.05%
SKT	D	-1.02%
UCBI	D	-1.02%
SFBS	D	-1.02%
FULT	C	-1.01%
FBP	B	-1.01%
MPW	C	-1.0%
AUB	D	-0.98%
APAM	C	-0.96%
GNW	D	-0.94%
AX	C	-0.94%
WSFS	B	-0.93%
HIW	B	-0.93%
ABR	B	-0.92%
LXP	B	-0.91%
CATY	C	-0.91%
SITC	B	-0.91%
NMIH	B	-0.91%
FHB	C	-0.89%
PJT	B	-0.8%
CBU	C	-0.8%
BOH	D	-0.79%
DEI	C	-0.77%
FCPT	B	-0.77%
EVTC	D	-0.75%
CVBF	D	-0.75%
SHO	D	-0.73%
UE	A	-0.73%
BKU	C	-0.72%
CWK	C	-0.71%
SFNC	D	-0.71%
FFBC	C	-0.7%
PPBI	D	-0.7%
OUT	C	-0.69%
INDB	F	-0.69%
PLMR	D	-0.69%
PRK	B	-0.68%
SNEX	C	-0.68%
NATL	B	-0.67%
SBCF	D	-0.66%
JOE	D	-0.66%
WAFD	D	-0.63%
CNS	B	-0.63%
BANC	D	-0.63%
TBBK	C	-0.63%
AKR	B	-0.62%
PFS	F	-0.61%
TRMK	C	-0.61%
OFG	C	-0.6%
ENVA	C	-0.6%
DRH	D	-0.6%
STC	D	-0.59%
PEB	D	-0.59%
NBTB	B	-0.59%
BANR	B	-0.56%
RNST	C	-0.56%
PRG	B	-0.55%
LKFN	D	-0.54%
IBTX	B	-0.54%
ROIC	D	-0.54%
XHR	D	-0.53%
CHCO	C	-0.53%
VRTS	C	-0.5%
LTC	B	-0.49%
GSHD	F	-0.49%
DFIN	C	-0.49%
CASH	B	-0.48%
MCY	C	-0.48%
NBHC	A	-0.48%
NWBI	C	-0.48%
HMN	D	-0.47%
RC	D	-0.47%
HTH	D	-0.47%
GTY	D	-0.46%
FCF	D	-0.46%
ARI	D	-0.46%
FBK	C	-0.45%
JBGS	C	-0.45%
CUBI	C	-0.45%
FBNC	D	-0.44%
WABC	D	-0.44%
ALEX	B	-0.42%
PMT	D	-0.42%
HOPE	D	-0.42%
BANF	D	-0.42%
DEA	B	-0.41%
NAVI	F	-0.41%
STBA	C	-0.41%
KW	D	-0.4%
SPNT	D	-0.39%
SAFT	D	-0.39%
VBTX	C	-0.38%
AAT	B	-0.37%
EIG	C	-0.37%
CSR	B	-0.35%
EFC	B	-0.34%
ECPG	F	-0.34%
PFBC	D	-0.33%
TRUP	B	-0.33%
BHLB	D	-0.32%
RWT	B	-0.31%
AMSF	F	-0.29%
SVC	F	-0.29%
EXPI	F	-0.29%
NXRT	B	-0.29%
PRAA	F	-0.27%
BDN	D	-0.27%
BRKL	F	-0.26%
AHH	C	-0.26%
SBSI	D	-0.26%
MMI	F	-0.26%
BSIG	D	-0.25%
CFFN	C	-0.23%
INN	D	-0.22%
WSR	B	-0.22%
UNIT	F	-0.22%
PRA	F	-0.22%
DCOM	C	-0.22%
HCI	D	-0.22%
HFWA	D	-0.21%
HPP	F	-0.21%
TMP	D	-0.2%
AMBC	F	-0.2%
CHCT	F	-0.2%
EZPW	D	-0.19%
KREF	D	-0.19%
CPF	B	-0.19%
EGBN	D	-0.18%
TRST	D	-0.18%
UHT	C	-0.17%
UFCS	D	-0.16%
HAFC	C	-0.16%
BFS	D	-0.16%
WRLD	F	-0.14%
CLDT	F	-0.14%
GDOT	C	-0.14%
RILY	F	-0.11%
NFBK	D	-0.11%

ERNZ: Top Represented Industries & Keywords

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