ERNZ vs. SKOR ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to FlexShares Credit-Scored US Corporate Bond Index Fund (SKOR)

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

$25.19

Average Daily Volume

12,257

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

SKOR

FlexShares Credit-Scored US Corporate Bond Index Fund

SKOR Description

The investment seeks the price and yield performance, before fees and expenses, of the Northern Trust Credit-Scored US Corporate Bond IndexSM. The fund generally will invest at least 80% of its total assets in the securities of its underlying index. The index reflects the performance of a portfolio of US-dollar denominated bonds of companies that are considered by the index Provider to have higher credit quality, lower risk of default and the potential for higher yield, price appreciation and liquidity relative to the universe of securities comprising the Northern Trust US Investment-Grade Corporate Bond IndexSM. The fund is non-diversified

Grade (RS Rating)

Last Trade

$48.23

Average Daily Volume

45,570

Number of Holdings ^*

305

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	SKOR
30 Days	2.57%	0.21%
60 Days	0.37%	-0.91%
90 Days	2.04%	0.04%
12 Months		7.83%

17 Overlapping Holdings

Symbol	Grade	Weight in ERNZ	Weight in SKOR	Overlap
ABBV	D	1.09%	0.08%	0.08%
ARCC	A	0.16%	0.11%	0.11%
AVGO	D	0.95%	0.04%	0.04%
CL	D	0.08%	0.09%	0.08%
CLX	C	0.88%	0.02%	0.02%
COST	B	0.3%	0.1%	0.1%
CPB	D	0.08%	0.06%	0.06%
GILD	B	0.87%	0.13%	0.13%
GIS	D	0.15%	0.08%	0.08%
GSBD	F	0.36%	0.07%	0.07%
K	A	0.08%	0.11%	0.08%
KMB	C	0.09%	0.08%	0.08%
MO	A	0.12%	0.1%	0.1%
OHI	D	0.12%	0.0%	0.0%
PEP	F	0.08%	0.24%	0.08%
PG	A	0.07%	0.06%	0.06%
STLD	B	0.32%	0.04%	0.04%

ERNZ Overweight 151 Positions Relative to SKOR

Symbol	Grade	Weight
CLM	A	3.68%
TCPC	C	3.58%
FSK	A	3.54%
OXLC	C	3.2%
BCC	B	3.04%
INSW	F	2.96%
TSLX	B	2.92%
GBDC	B	2.92%
CRF	A	2.91%
WSO	A	2.78%
QYLD	B	2.37%
KRP	C	2.22%
KR	A	1.68%
GOF	A	1.51%
NEP	F	1.47%
CTRA	B	1.36%
ABR	C	1.3%
DHT	F	1.28%
PSEC	D	1.23%
NAT	F	1.13%
CAH	B	1.13%
MUR	F	1.12%
HTGC	D	1.08%
FDUS	A	1.06%
HRZN	F	1.03%
SHV	A	1.01%
GNL	D	1.0%
BKLN	A	0.97%
RC	D	0.95%
FANG	F	0.91%
CWH	C	0.89%
DKS	C	0.88%
XMHQ	A	0.87%
TRGP	B	0.83%
SPTN	F	0.8%
AOD	C	0.77%
AGNC	D	0.75%
ARES	B	0.75%
TFLO	B	0.73%
DX	B	0.71%
ECC	F	0.7%
ACP	A	0.6%
USFR	C	0.54%
DAC	D	0.5%
LRCX	F	0.49%
VIRT	B	0.45%
FRO	F	0.45%
GBIL	B	0.44%
CCOI	B	0.42%
GFF	B	0.4%
PDI	D	0.4%
BIL	A	0.39%
OVV	C	0.38%
DDS	B	0.32%
FCT	A	0.3%
SBR	B	0.28%
CNA	B	0.27%
ARCH	B	0.26%
PMT	D	0.26%
STNG	F	0.25%
KREF	D	0.24%
GNK	D	0.24%
LVHI	B	0.24%
NEAR	B	0.23%
UNIT	B	0.22%
BTI	B	0.22%
PULS	A	0.22%
RA	B	0.21%
NMFC	D	0.21%
BIZD	B	0.2%
SCHO	C	0.2%
CWEN	C	0.19%
BXMT	C	0.19%
BAH	F	0.19%
MPC	F	0.19%
ALB	C	0.18%
SAH	B	0.18%
APAM	B	0.18%
WINA	B	0.18%
FLBL	A	0.18%
SRLN	A	0.18%
BRSP	C	0.17%
COKE	C	0.17%
RAVI	A	0.17%
PAG	B	0.16%
VNLA	A	0.16%
LYTS	B	0.15%
VRIG	A	0.15%
ETD	C	0.15%
BGS	F	0.15%
ICSH	A	0.15%
FLTR	A	0.15%
ROL	B	0.15%
TSCO	C	0.14%
NEM	F	0.14%
MINT	A	0.14%
DVN	F	0.14%
GOGL	F	0.14%
PBI	B	0.13%
FLRN	A	0.13%
FTSL	B	0.13%
GFI	F	0.12%
HYGV	A	0.12%
MPW	F	0.12%
JCPB	D	0.12%
GOVT	D	0.12%
CIVI	D	0.11%
CVI	F	0.11%
USDU	A	0.11%
HRB	D	0.11%
JMST	B	0.11%
FTSM	B	0.11%
SHY	C	0.11%
HLI	A	0.11%
IPAR	B	0.11%
AMRK	F	0.11%
FHI	A	0.1%
VGLT	D	0.1%
RYLD	A	0.1%
PNNT	C	0.1%
PCAR	B	0.1%
DEA	D	0.1%
SQM	F	0.1%
PTEN	C	0.09%
MAIN	A	0.09%
EDV	D	0.09%
UVV	B	0.09%
UTG	A	0.09%
FLOT	A	0.09%
ZROZ	D	0.09%
JPST	A	0.09%
XYLD	A	0.09%
HSY	F	0.09%
NGG	D	0.08%
AGZD	B	0.08%
KOF	F	0.08%
PFE	D	0.08%
LGOV	D	0.08%
OLN	F	0.08%
ASC	F	0.08%
SJNK	A	0.08%
LADR	B	0.08%
WMK	B	0.08%
JMBS	D	0.07%
AGZ	C	0.07%
IIPR	D	0.07%
RDY	D	0.06%
USA	A	0.06%
ARI	C	0.05%
PFLT	D	0.04%
IEF	D	0.04%

ERNZ Underweight 288 Positions Relative to SKOR

Symbol	Grade	Weight
LEN	C	-0.32%
KMI	B	-0.28%
FOXA	C	-0.25%
AEE	A	-0.25%
LMT	D	-0.23%
SPG	C	-0.22%
NXPI	D	-0.21%
CHTR	C	-0.2%
GM	B	-0.2%
PHM	C	-0.2%
VRSN	F	-0.19%
NI	A	-0.19%
MAS	C	-0.19%
TPR	A	-0.19%
PAA	B	-0.19%
APD	A	-0.19%
TMO	F	-0.19%
NOC	D	-0.19%
CHD	B	-0.18%
ELV	F	-0.18%
CCI	D	-0.18%
JNJ	D	-0.18%
TD	F	-0.17%
DOW	F	-0.17%
GPN	C	-0.17%
WEC	A	-0.17%
ATO	A	-0.17%
PM	B	-0.17%
DG	F	-0.16%
LII	A	-0.16%
CVS	D	-0.16%
ARW	D	-0.15%
ALL	B	-0.15%
ADI	D	-0.15%
RPRX	D	-0.14%
XEL	A	-0.14%
CMCSA	C	-0.14%
TDY	B	-0.14%
CI	D	-0.14%
ALLY	C	-0.14%
OKE	C	-0.14%
GD	F	-0.14%
TMUS	A	-0.14%
WU	D	-0.13%
BWA	C	-0.13%
WM	A	-0.13%
AMT	D	-0.13%
JBHT	C	-0.12%
BRX	A	-0.12%
O	D	-0.12%
AMCR	D	-0.12%
CME	A	-0.12%
T	A	-0.12%
INTC	C	-0.12%
HUM	C	-0.12%
APH	B	-0.11%
AMGN	D	-0.11%
CM	A	-0.11%
SWK	D	-0.11%
BHP	F	-0.11%
ED	D	-0.11%
MKL	A	-0.11%
NVT	B	-0.11%
AMZN	C	-0.11%
ATHS	C	-0.11%
UNP	C	-0.11%
BMO	A	-0.11%
DFS	B	-0.11%
LH	B	-0.11%
ORCL	C	-0.11%
VRSK	A	-0.1%
DLR	A	-0.1%
BMY	B	-0.1%
BIDU	F	-0.1%
WY	D	-0.1%
CNP	A	-0.1%
LNT	A	-0.1%
BKU	B	-0.1%
TRMB	B	-0.1%
CB	D	-0.1%
INTU	C	-0.1%
SO	D	-0.1%
GS	B	-0.1%
LHX	C	-0.1%
V	A	-0.1%
VNT	C	-0.09%
IBM	C	-0.09%
THG	C	-0.09%
SBUX	B	-0.09%
MET	A	-0.09%
DHR	D	-0.09%
CARR	C	-0.09%
FHN	B	-0.09%
DIS	B	-0.09%
DTE	C	-0.09%
BXP	D	-0.09%
CMA	A	-0.09%
AGR	B	-0.09%
HST	C	-0.09%
MCK	C	-0.09%
ADBE	C	-0.09%
FLO	C	-0.09%
LAZ	B	-0.09%
MLM	B	-0.09%
BNS	A	-0.09%
AON	A	-0.09%
FITB	B	-0.09%
AAPL	B	-0.09%
BR	A	-0.08%
AFG	A	-0.08%
PSA	C	-0.08%
ADSK	B	-0.08%
AWH	F	-0.08%
QCOM	F	-0.08%
BG	F	-0.08%
FAF	B	-0.08%
LEA	F	-0.08%
HBAN	B	-0.08%
BDX	F	-0.08%
EBAY	C	-0.08%
CSL	B	-0.08%
CMS	C	-0.08%
KLAC	F	-0.08%
HP	C	-0.08%
ORI	A	-0.08%
H	A	-0.08%
UPS	C	-0.08%
CBOE	B	-0.08%
KO	D	-0.08%
DSS	F	-0.08%
AMH	C	-0.08%
VLO	C	-0.08%
EW	C	-0.08%
DINO	F	-0.08%
KEYS	B	-0.08%
KDP	D	-0.08%
NDAQ	A	-0.08%
WHR	B	-0.08%
ROP	B	-0.08%
BRO	B	-0.08%
WELL	C	-0.08%
TT	B	-0.08%
SPGI	C	-0.08%
NFG	B	-0.08%
ORLY	B	-0.08%
JEF	A	-0.08%
BLK	C	-0.08%
KEY	A	-0.08%
MMM	D	-0.08%
MU	D	-0.08%
DUK	C	-0.08%
GLPI	B	-0.08%
SYF	A	-0.08%
D	C	-0.08%
C	A	-0.08%
ADP	B	-0.07%
EMR	A	-0.07%
AVT	C	-0.07%
KMPR	B	-0.07%
PLD	D	-0.07%
NTAP	C	-0.07%
DHI	D	-0.07%
PCG	B	-0.07%
PPG	D	-0.07%
DGX	B	-0.07%
CPT	B	-0.07%
SBRA	B	-0.07%
WB	C	-0.07%
ALLE	D	-0.07%
BAX	F	-0.07%
CE	F	-0.07%
ITW	A	-0.07%
DOV	A	-0.07%
A	D	-0.07%
BKH	B	-0.07%
ESS	B	-0.07%
PKG	B	-0.07%
FMC	D	-0.07%
NSC	A	-0.07%
TEL	B	-0.07%
MKC	D	-0.07%
USB	A	-0.07%
AWK	D	-0.07%
TXN	D	-0.07%
AMP	B	-0.07%
CUBE	D	-0.07%
HUBB	B	-0.07%
OTIS	C	-0.07%
CFG	B	-0.07%
MCO	A	-0.07%
STT	A	-0.07%
SRE	A	-0.07%
MDLZ	F	-0.07%
PEG	A	-0.07%
HPQ	B	-0.07%
AXP	A	-0.07%
EPD	B	-0.07%
BABA	D	-0.07%
HSBC	B	-0.07%
WFC	A	-0.07%
ROK	B	-0.06%
SKT	A	-0.06%
REG	B	-0.06%
WAB	B	-0.06%
SCS	B	-0.06%
GL	C	-0.06%
BA	D	-0.06%
ECL	D	-0.06%
WPC	D	-0.06%
AL	A	-0.06%
WTW	B	-0.06%
TFC	B	-0.06%
NNN	D	-0.06%
SITC	D	-0.05%
DT	C	-0.05%
EFX	D	-0.05%
RY	B	-0.05%
BK	A	-0.05%
AER	A	-0.05%
DLTR	D	-0.05%
AZO	C	-0.05%
ZTS	D	-0.05%
PDM	D	-0.04%
KIM	A	-0.04%
HPP	F	-0.04%
VOYA	B	-0.04%
KRG	B	-0.04%
FTV	B	-0.04%
RNR	C	-0.04%
AIZ	B	-0.04%
SJM	D	-0.04%
RPM	A	-0.04%
EA	C	-0.04%
ARE	D	-0.04%
CMI	A	-0.04%
PGR	A	-0.04%
HII	F	-0.04%
AXS	A	-0.04%
HIW	D	-0.04%
AIG	B	-0.04%
CSX	B	-0.04%
AFL	B	-0.04%
HON	B	-0.04%
ES	D	-0.04%
MCD	D	-0.04%
MSI	C	-0.04%
MAR	A	-0.04%
CSCO	A	-0.04%
KRC	C	-0.04%
SCHW	A	-0.04%
SHW	A	-0.04%
RSG	A	-0.04%
LOW	C	-0.04%
MSFT	D	-0.04%
DB	D	-0.04%
EIX	A	-0.04%
MA	B	-0.04%
NEE	D	-0.04%
MS	B	-0.04%
FLS	A	-0.03%
SYK	C	-0.03%
GOOGL	C	-0.03%
FNF	B	-0.03%
HCA	F	-0.03%
PNC	A	-0.03%
VZ	B	-0.03%
PH	A	-0.02%
CTAS	B	-0.02%
AAP	C	-0.02%
BDN	C	-0.02%
MAA	B	-0.02%
EQR	B	-0.02%
PYPL	A	-0.02%
AVB	B	-0.02%
AVY	D	-0.02%
VTR	D	-0.02%
COF	B	-0.02%
AEP	D	-0.02%
MUFG	B	-0.02%
WMT	B	-0.02%
UNH	B	-0.02%
MMC	A	-0.01%
CP	D	-0.01%
JPM	B	-0.01%
EQIX	A	-0.0%
HD	A	-0.0%
PRU	A	-0.0%
BAC	A	-0.0%