ERNZ vs. RIET ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to Hoya Capital High Dividend Yield ETF (RIET)

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

RIET

Hoya Capital High Dividend Yield ETF

RIET Description

Hoya Capital High Dividend Yield ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Hoya Capital Real Estate, LLC and Penserra Capital Management, LLC. It invests in the public equity markets of the United States. The fund invests in the stocks of companies operating in the financial, diversified financials, mortgage real estate investment trust, real estate investment trusts, real estate, equity real estate investment trust, real estate management and development and real estate operating companies sectors. The fund invests in dividend paying, growth and value stocks of companies across diversified market capitalizations. It replicates the performance of the Hoya Capital High Dividend Yield Index, by using full replication technique. Hoya Capital High Dividend Yield ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$10.70

Average Daily Volume

58,868

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	RIET
30 Days	1.89%	-1.24%
60 Days	0.06%	-3.39%
90 Days	1.25%	1.31%
12 Months		20.06%

16 Overlapping Holdings

Symbol	Grade	Weight in ERNZ	Weight in RIET	Overlap
ABR	C	1.36%	1.24%	1.24%
AGNC	D	0.73%	1.41%	0.73%
ARI	C	0.05%	1.01%	0.05%
BRSP	B	0.17%	1.14%	0.17%
BXMT	C	0.18%	1.17%	0.18%
DEA	D	0.1%	1.15%	0.1%
DX	B	0.71%	1.15%	0.71%
GNL	F	1.0%	1.1%	1.0%
IIPR	D	0.07%	1.06%	0.07%
KREF	D	0.24%	1.34%	0.24%
LADR	B	0.08%	1.19%	0.08%
MPW	F	0.12%	0.94%	0.12%
OHI	C	0.12%	1.76%	0.12%
PMT	D	0.25%	1.08%	0.25%
RC	D	0.93%	0.97%	0.93%
UNIT	B	0.2%	1.98%	0.2%

ERNZ Overweight 152 Positions Relative to RIET

Symbol	Grade	Weight
CLM	A	3.79%
TCPC	C	3.51%
FSK	A	3.48%
OXLC	C	3.31%
INSW	F	3.07%
BCC	B	3.05%
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%
NEP	F	1.54%
GOF	A	1.51%
DHT	F	1.34%
CTRA	B	1.26%
NAT	F	1.16%
PSEC	D	1.16%
MUR	D	1.13%
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%
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%
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%
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	B	0.29%
SBR	B	0.27%
STNG	F	0.26%
GNK	D	0.26%
CNA	B	0.26%
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%
SCHO	C	0.2%
MPC	D	0.19%
WINA	B	0.18%
FLBL	A	0.18%
APAM	B	0.18%
CWEN	C	0.18%
SAH	A	0.18%
SRLN	A	0.18%
ALB	C	0.17%
COKE	C	0.17%
RAVI	A	0.17%
GOGL	F	0.16%
ARCC	A	0.16%
PAG	B	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%
JCPB	C	0.12%
MO	A	0.12%
GOVT	D	0.12%
GFI	D	0.11%
CIVI	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%
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%
OLN	D	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%
NGG	D	0.07%
CL	D	0.07%
RDY	F	0.06%
USA	A	0.06%
PG	A	0.06%
PFLT	D	0.04%
IEF	F	0.04%

ERNZ Underweight 47 Positions Relative to RIET

Symbol	Grade	Weight
BXP	D	-1.84%
NSA	D	-1.7%
SPG	B	-1.68%
KRC	C	-1.66%
EXR	D	-1.61%
VICI	C	-1.58%
EQR	B	-1.58%
GLPI	C	-1.56%
O	D	-1.53%
DOC	D	-1.53%
CLPR	D	-1.51%
CCI	D	-1.5%
APLE	B	-1.5%
STWD	C	-1.45%
NNN	D	-1.45%
OUT	A	-1.44%
SBRA	C	-1.41%
WPC	D	-1.38%
OLP	B	-1.38%
HIW	D	-1.38%
GOOD	B	-1.35%
NREF	A	-1.33%
BNL	D	-1.27%
BDN	C	-1.26%
CTO	B	-1.25%
LTC	B	-1.24%
EPR	D	-1.23%
GPMT	C	-1.22%
UHT	D	-1.21%
ACRE	C	-1.2%
TRTX	B	-1.18%
PSTL	D	-1.17%
EFC	C	-1.15%
ALX	D	-1.14%
CIO	D	-1.14%
FBRT	C	-1.14%
AHH	D	-1.1%
GMRE	F	-1.08%
CMTG	F	-1.01%
CHCT	C	-0.94%
AFCG	D	-0.87%
CHMI	F	-0.82%
SACH	F	-0.55%
SVC	F	-0.54%
NYMTN	D	-0.34%
NYMTM	B	-0.32%
AGNCN	B	-0.31%