FMCX vs. ERNZ ETF Comparison

Comparison of FMC Excelsior Focus Equity ETF (FMCX) to TrueShares Active Yield ETF (ERNZ)

FMCX

FMC Excelsior Focus Equity ETF

FMCX Description

The fund is an actively managed exchange-traded fund (?ETF?) that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the fund. The fund adviser may also hold concentrated positions in common stocks, although the fund?s guidelines provide that no single investment should generally be more than 10% of the fund?s portfolio at acquisition. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.70

Average Daily Volume

104

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$24.25

Average Daily Volume

9,840

Number of Holdings ^*

158

* may have additional holdings in another (foreign) market

Performance

Period	FMCX	ERNZ
30 Days	-0.82%	-3.35%
60 Days	2.18%	-1.75%
90 Days	8.17%	-1.00%
12 Months	32.46%

6 Overlapping Holdings

Symbol	Grade	Weight in FMCX	Weight in ERNZ	Overlap
CL	D	0.85%	0.12%	0.12%
GILD	A	0.87%	0.57%	0.57%
ICSH	A	0.92%	0.28%	0.28%
MO	A	0.84%	0.18%	0.18%
MUR	F	0.25%	0.18%	0.18%
PG	D	1.3%	0.11%	0.11%

FMCX Overweight 46 Positions Relative to ERNZ

Symbol	Grade	Weight
AAPL	C	6.93%
UNH	D	6.84%
KKR	B	6.14%
IAC	F	5.35%
AMZN	B	5.01%
GDDY	A	4.98%
MSFT	D	4.79%
LBRDK	A	4.24%
LSXMK	D	4.22%
GGG	F	3.98%
PYPL	B	3.9%
MTCH	C	3.18%
LSXMA	D	1.79%
GOOGL	A	1.77%
LBRDA	A	1.74%
PM	A	1.21%
YUM	D	1.18%
CMCSA	A	1.13%
MCD	C	1.12%
AMGN	C	1.11%
KEYS	C	1.06%
VUSB	A	0.92%
ENTG	F	0.82%
ARWR	F	0.72%
NKE	F	0.68%
HON	C	0.6%
DHR	F	0.55%
GOOG	A	0.5%
BAX	F	0.47%
YUMC	A	0.42%
MUSA	C	0.4%
SPGI	D	0.37%
MTX	C	0.33%
KEX	C	0.33%
EQR	D	0.3%
JPM	A	0.3%
V	A	0.21%
FWONK	B	0.21%
BKNG	A	0.19%
FLWS	B	0.15%
GD	C	0.13%
BATRK	D	0.11%
PNR	A	0.1%
FWONA	A	0.05%
VMEO	D	0.03%
BATRA	D	0.02%

FMCX Underweight 152 Positions Relative to ERNZ

Symbol	Grade	Weight
CLM	A	-3.15%
ABR	B	-3.07%
GOF	A	-3.02%
INSW	F	-2.92%
DHT	F	-2.89%
NAT	F	-2.84%
HTGC	B	-2.6%
PSEC	B	-2.53%
GNL	D	-2.52%
CRF	A	-2.31%
TSLX	C	-2.11%
ECC	C	-1.92%
NEP	F	-1.89%
RC	F	-1.87%
XMHQ	D	-1.84%
OXLC	A	-1.78%
DX	C	-1.53%
PDI	C	-1.51%
QYLD	A	-1.43%
FSK	B	-1.3%
KRP	B	-1.3%
AGNC	D	-1.26%
BCC	C	-1.21%
DKS	F	-1.15%
CWH	F	-1.13%
FRO	F	-1.01%
DAC	C	-1.01%
USFR	A	-0.8%
GSBD	D	-0.78%
GFF	F	-0.69%
CCOI	B	-0.69%
KR	B	-0.66%
ABBV	A	-0.65%
GBDC	B	-0.61%
FCT	A	-0.6%
STNG	F	-0.59%
TFLO	A	-0.59%
CNA	D	-0.56%
WSO	D	-0.55%
SBR	C	-0.54%
PMT	D	-0.53%
GBIL	A	-0.52%
SHV	A	-0.51%
BKLN	A	-0.51%
KREF	D	-0.5%
LVHI	C	-0.49%
ARES	A	-0.48%
GNK	F	-0.47%
BIL	A	-0.42%
PULS	A	-0.42%
UNIT	C	-0.41%
RA	C	-0.41%
ARCH	B	-0.4%
BTI	C	-0.4%
SCHO	B	-0.39%
BXMT	C	-0.38%
BIZD	B	-0.38%
BGS	C	-0.38%
SRLN	A	-0.36%
NEM	D	-0.35%
FLBL	A	-0.34%
CWEN	B	-0.34%
COKE	D	-0.34%
NEAR	B	-0.33%
DDS	C	-0.33%
APAM	B	-0.31%
GIS	D	-0.31%
SAH	D	-0.3%
ALB	C	-0.29%
CTRA	B	-0.29%
PAG	F	-0.29%
ETD	F	-0.29%
AMRK	D	-0.29%
FLTR	A	-0.28%
ARCC	B	-0.28%
TSCO	D	-0.27%
WINA	B	-0.27%
BAH	A	-0.27%
DVN	F	-0.27%
VRIG	A	-0.27%
MINT	A	-0.27%
OVV	F	-0.26%
BRSP	B	-0.26%
COST	D	-0.26%
CVI	F	-0.25%
GOGL	F	-0.25%
VNLA	A	-0.25%
TRGP	A	-0.25%
GFI	B	-0.24%
MPW	D	-0.24%
FTSL	A	-0.23%
FLRN	A	-0.23%
OHI	A	-0.23%
CAH	D	-0.22%
FANG	F	-0.22%
PBI	A	-0.21%
JCPB	C	-0.21%
DEA	C	-0.2%
LYTS	B	-0.2%
CLX	C	-0.19%
JMST	A	-0.19%
FTSM	A	-0.19%
HYGV	A	-0.19%
SQM	D	-0.18%
USDU	A	-0.18%
ACP	A	-0.18%
SHY	B	-0.18%
ASC	F	-0.17%
PCAR	C	-0.17%
IPAR	F	-0.17%
IIPR	B	-0.16%
HSY	F	-0.16%
RYLD	B	-0.16%
XYLD	C	-0.15%
KMB	D	-0.15%
ZROZ	D	-0.15%
VIRT	C	-0.14%
FHI	A	-0.14%
PFE	D	-0.14%
EDV	D	-0.14%
FLOT	A	-0.14%
PNNT	B	-0.14%
VGLT	D	-0.14%
JPST	A	-0.14%
GOVT	C	-0.14%
HLI	A	-0.14%
KOF	F	-0.13%
OLN	F	-0.13%
UTG	A	-0.13%
CPB	D	-0.13%
CIVI	F	-0.13%
PTEN	F	-0.12%
LGOV	D	-0.12%
MAIN	A	-0.12%
UVV	C	-0.12%
NGG	D	-0.12%
PEP	D	-0.11%
K	A	-0.11%
AGZ	C	-0.11%
WMK	F	-0.11%
AGZD	A	-0.11%
LADR	C	-0.11%
SJNK	A	-0.11%
HRB	D	-0.1%
JMBS	D	-0.09%
MPC	F	-0.09%
RDY	F	-0.09%
USA	C	-0.08%
ARI	F	-0.05%
PFLT	C	-0.04%
IEF	D	-0.04%
RAVI	A	-0.04%