ERNZ vs. SMHB ETF Comparison

Comparison of TrueShares Active Yield ETF (ERNZ) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)

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

$24.78

Average Daily Volume

10,660

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$5.58

Average Daily Volume

40,001

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ERNZ	SMHB
30 Days	-0.66%	-9.80%
60 Days	-0.51%	-10.51%
90 Days	0.24%	-1.80%
12 Months		14.54%

27 Overlapping Holdings

Symbol	Grade	Weight in ERNZ	Weight in SMHB	Overlap
ABR	C	1.36%	2.21%	1.36%
APAM	B	0.18%	2.02%	0.18%
ARI	C	0.05%	1.02%	0.05%
BGS	F	0.15%	2.41%	0.15%
BRSP	C	0.17%	0.49%	0.17%
BXMT	C	0.18%	3.43%	0.18%
CCOI	B	0.39%	1.51%	0.39%
DEA	D	0.1%	1.35%	0.1%
DX	B	0.71%	0.89%	0.71%
FDUS	A	1.05%	0.16%	0.16%
GBDC	D	2.98%	0.73%	0.73%
GNL	F	1.0%	1.01%	1.0%
GSBD	F	0.36%	0.94%	0.36%
HTGC	D	1.11%	1.03%	1.03%
KREF	C	0.24%	0.8%	0.24%
LADR	B	0.08%	0.62%	0.08%
MAIN	A	0.08%	1.09%	0.08%
NMFC	D	0.21%	0.38%	0.21%
PFLT	D	0.04%	0.23%	0.04%
PMT	C	0.25%	1.35%	0.25%
PNNT	C	0.1%	0.16%	0.1%
PSEC	D	1.16%	1.47%	1.16%
RC	D	0.93%	0.65%	0.65%
TCPC	C	3.51%	0.27%	0.27%
TSLX	C	2.89%	0.62%	0.62%
UNIT	B	0.2%	1.86%	0.2%
UVV	B	0.09%	0.54%	0.09%

ERNZ Overweight 141 Positions Relative to SMHB

Symbol	Grade	Weight
CLM	B	3.79%
FSK	A	3.48%
OXLC	B	3.31%
INSW	F	3.07%
BCC	B	3.05%
CRF	B	2.98%
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%
MUR	D	1.13%
CAH	B	1.12%
ABBV	F	1.08%
HRZN	F	1.03%
SHV	A	1.01%
AVGO	D	1.0%
BKLN	A	0.97%
CWH	B	0.91%
FANG	C	0.91%
GILD	C	0.9%
DKS	D	0.87%
CLX	A	0.87%
XMHQ	B	0.86%
AOD	D	0.78%
SPTN	D	0.77%
TRGP	A	0.76%
TFLO	B	0.74%
ARES	A	0.73%
ECC	D	0.73%
AGNC	C	0.73%
ACP	C	0.61%
USFR	A	0.54%
LRCX	F	0.51%
DAC	C	0.51%
FRO	D	0.46%
GBIL	B	0.44%
VIRT	A	0.42%
PDI	D	0.4%
GFF	A	0.39%
BIL	A	0.39%
OVV	B	0.37%
DDS	B	0.32%
STLD	B	0.31%
FCT	A	0.3%
COST	A	0.29%
SBR	B	0.27%
STNG	F	0.26%
GNK	D	0.26%
CNA	C	0.26%
ARCH	B	0.24%
LVHI	B	0.24%
NEAR	C	0.23%
PULS	A	0.22%
RA	C	0.21%
BTI	B	0.21%
BAH	F	0.2%
BIZD	B	0.2%
SCHO	C	0.2%
MPC	D	0.19%
WINA	C	0.18%
FLBL	A	0.18%
CWEN	C	0.18%
SAH	C	0.18%
SRLN	A	0.18%
ALB	B	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%
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	A	0.13%
NEM	D	0.13%
HYGV	A	0.12%
PBI	B	0.12%
MPW	F	0.12%
JCPB	D	0.12%
MO	A	0.12%
OHI	C	0.12%
GOVT	D	0.12%
GFI	D	0.11%
CIVI	D	0.11%
HLI	A	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	B	0.1%
VGLT	D	0.1%
SQM	D	0.1%
RYLD	A	0.1%
PCAR	B	0.1%
UTG	A	0.09%
EDV	F	0.09%
WMK	C	0.09%
KMB	C	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	D	0.08%
OLN	F	0.08%
SJNK	A	0.08%
ASC	F	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	D	0.07%
NGG	D	0.07%
CL	D	0.07%
RDY	F	0.06%
USA	B	0.06%
PG	C	0.06%
IEF	F	0.04%

ERNZ Underweight 63 Positions Relative to SMHB

Symbol	Grade	Weight
SLG	B	-4.87%
XRX	F	-4.09%
DTM	A	-3.81%
DSS	F	-2.87%
TWO	F	-2.87%
CIM	D	-2.62%
BDN	C	-2.41%
SBRA	C	-2.38%
EPR	C	-2.34%
PAGP	A	-1.88%
UWMC	D	-1.84%
ARR	D	-1.65%
NHI	D	-1.64%
ORC	B	-1.51%
IVR	F	-1.43%
MFA	D	-1.27%
RWT	D	-1.24%
CTRE	C	-1.16%
PETS	C	-1.13%
FCPT	C	-1.0%
EFC	C	-1.0%
PDM	D	-0.99%
NEWT	C	-0.94%
NYMT	C	-0.93%
LTC	B	-0.91%
VGR	B	-0.79%
NWBI	B	-0.77%
CODI	B	-0.72%
VNOM	A	-0.65%
SCS	C	-0.65%
ACRE	B	-0.64%
HESM	B	-0.59%
OCSL	F	-0.54%
AROC	A	-0.53%
GMRE	F	-0.5%
ILPT	F	-0.49%
WSR	A	-0.46%
ALX	D	-0.45%
GTY	A	-0.44%
OPI	F	-0.4%
RMR	F	-0.38%
UHT	D	-0.36%
GPMT	C	-0.34%
CSWC	D	-0.34%
GOOD	B	-0.33%
FSP	B	-0.29%
TRTX	C	-0.29%
AHH	D	-0.27%
CGBD	C	-0.25%
BCSF	C	-0.24%
TPVG	B	-0.23%
SLRC	A	-0.23%
UVE	B	-0.22%
BBDC	A	-0.22%
KRO	C	-0.2%
EBF	F	-0.18%
GAIN	B	-0.17%
OLP	B	-0.16%
GLAD	B	-0.15%
BFS	C	-0.14%
TRIN	A	-0.12%
CCAP	A	-0.1%
REPX	A	-0.07%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail REIT - Residential Oil & Gas Midstream Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers