PCEF vs. ERNZ ETF Comparison

Comparison of PowerShares CEF Income Composite Portfolio (PCEF) to TrueShares Active Yield ETF (ERNZ)

PCEF

PowerShares CEF Income Composite Portfolio

PCEF Description

The PowerShares CEF Income Composite Portfolio (Fund) is based on the S-Network Composite Closed-End Fund IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities of funds included in the Index. The Fund is a "fund of funds," as it invests its assets in the common shares of funds included in the Index rather than in individual securities. The Index currently includes closed-end funds that invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities and others utilize an equity option writing (selling) strategy. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$19.40

Average Daily Volume

105,654

Number of Holdings ^*

103

* 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

$24.81

Average Daily Volume

10,835

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	PCEF	ERNZ
30 Days	-0.63%	-1.64%
60 Days	0.39%	-1.01%
90 Days	3.17%	1.17%
12 Months	21.69%

1 Overlapping Holdings

	Symbol	Grade	Weight in PCEF	Weight in ERNZ	Overlap
	FCT	A	0.39%	0.3%	0.3%

PCEF Overweight 102 Positions Relative to ERNZ

Symbol	Grade	Weight
EXG	C	4.37%
BIGZ	A	3.13%
BMEZ	D	2.98%
JPC	A	2.95%
BSTZ	B	2.87%
ETY	B	2.8%
BDJ	B	2.68%
BCAT	A	2.49%
BXMX	A	2.45%
ETV	A	2.44%
NFJ	B	2.33%
QQQX	B	2.18%
BST	B	1.91%
JFR	A	1.76%
ETW	B	1.73%
EVV	C	1.68%
BTZ	D	1.5%
EOS	A	1.44%
CII	B	1.43%
FPF	D	1.33%
HTD	A	1.32%
PDO	C	1.32%
HYT	A	1.27%
BOE	B	1.24%
HFRO	F	1.21%
FFC	D	1.2%
BBN	D	1.17%
DSL	C	1.16%
AWF	D	1.08%
DIAX	A	1.04%
WIW	C	1.0%
BGY	D	0.99%
EOI	A	0.97%
JQC	A	0.92%
ETJ	B	0.91%
LDP	C	0.88%
EMD	C	0.84%
BME	D	0.83%
PDT	C	0.73%
IGD	A	0.71%
PHK	B	0.68%
NPFD	A	0.68%
BGR	A	0.67%
DFP	D	0.66%
ETB	A	0.64%
PCN	A	0.61%
EAD	C	0.59%
BIT	C	0.57%
HIO	C	0.55%
NBB	D	0.55%
PFN	B	0.55%
BUI	D	0.54%
ISD	C	0.53%
BLW	C	0.52%
VVR	D	0.51%
FRA	A	0.5%
BHK	D	0.5%
EDD	D	0.5%
FFA	A	0.49%
PPT	D	0.49%
STK	A	0.48%
HIX	A	0.47%
SPXX	A	0.47%
BGH	B	0.46%
JGH	B	0.45%
DSU	A	0.45%
ERC	C	0.41%
EOD	C	0.4%
MCR	D	0.4%
HPS	D	0.4%
MMT	D	0.39%
EFR	A	0.39%
FTF	C	0.39%
MCI	A	0.39%
HPI	D	0.38%
TEI	D	0.37%
EFT	A	0.36%
MIN	C	0.36%
PSF	D	0.35%
GBAB	D	0.34%
PHT	C	0.34%
PCF	A	0.33%
DHY	A	0.32%
HPF	D	0.32%
DHF	A	0.31%
FLC	D	0.29%
PFL	C	0.29%
IDE	A	0.28%
BGT	B	0.27%
DBL	D	0.24%
TSI	D	0.24%
IGA	A	0.24%
HEQ	C	0.24%
BGX	A	0.19%
HYB	A	0.19%
NHS	D	0.18%
EHI	C	0.18%
VBF	D	0.18%
MSD	D	0.17%
EVG	C	0.15%
CIK	D	0.14%
PHD	A	0.14%

PCEF Underweight 167 Positions Relative to ERNZ

Symbol	Grade	Weight
CLM	B	-3.79%
TCPC	C	-3.51%
FSK	A	-3.48%
OXLC	B	-3.31%
INSW	F	-3.07%
BCC	C	-3.05%
CRF	B	-2.98%
GBDC	B	-2.98%
TSLX	C	-2.89%
WSO	A	-2.69%
QYLD	A	-2.44%
KRP	B	-2.27%
KR	B	-1.7%
NEP	F	-1.54%
GOF	A	-1.51%
ABR	C	-1.36%
DHT	D	-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	F	-1.08%
FDUS	A	-1.05%
HRZN	F	-1.03%
SHV	A	-1.01%
AVGO	D	-1.0%
GNL	D	-1.0%
BKLN	A	-0.97%
RC	D	-0.93%
CWH	C	-0.91%
FANG	C	-0.91%
GILD	B	-0.9%
DKS	D	-0.87%
CLX	A	-0.87%
XMHQ	B	-0.86%
AOD	D	-0.78%
SPTN	F	-0.77%
TRGP	A	-0.76%
TFLO	A	-0.74%
ARES	A	-0.73%
ECC	D	-0.73%
AGNC	C	-0.73%
DX	B	-0.71%
ACP	A	-0.61%
USFR	A	-0.54%
LRCX	F	-0.51%
DAC	B	-0.51%
FRO	D	-0.46%
GBIL	A	-0.44%
VIRT	A	-0.42%
PDI	D	-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%
COST	A	-0.29%
SBR	B	-0.27%
STNG	D	-0.26%
GNK	C	-0.26%
CNA	C	-0.26%
PMT	D	-0.25%
KREF	D	-0.24%
ARCH	B	-0.24%
LVHI	A	-0.24%
NEAR	C	-0.23%
PULS	A	-0.22%
RA	C	-0.21%
NMFC	D	-0.21%
BTI	A	-0.21%
BAH	F	-0.2%
BIZD	A	-0.2%
UNIT	B	-0.2%
SCHO	C	-0.2%
MPC	C	-0.19%
WINA	B	-0.18%
FLBL	A	-0.18%
APAM	B	-0.18%
CWEN	C	-0.18%
SAH	B	-0.18%
BXMT	C	-0.18%
SRLN	A	-0.18%
ALB	B	-0.17%
COKE	C	-0.17%
BRSP	C	-0.17%
RAVI	A	-0.17%
GOGL	D	-0.16%
ARCC	A	-0.16%
PAG	C	-0.16%
VNLA	A	-0.16%
DVN	F	-0.15%
LYTS	B	-0.15%
BGS	F	-0.15%
VRIG	A	-0.15%
ETD	D	-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	C	-0.12%
MPW	F	-0.12%
JCPB	C	-0.12%
MO	A	-0.12%
OHI	C	-0.12%
GOVT	D	-0.12%
GFI	D	-0.11%
CIVI	F	-0.11%
HLI	A	-0.11%
CVI	D	-0.11%
USDU	A	-0.11%
JMST	A	-0.11%
FTSM	A	-0.11%
SHY	C	-0.11%
IPAR	B	-0.11%
HRB	D	-0.11%
AMRK	D	-0.11%
HSY	F	-0.1%
FHI	B	-0.1%
VGLT	D	-0.1%
SQM	D	-0.1%
PNNT	B	-0.1%
RYLD	A	-0.1%
PCAR	C	-0.1%
DEA	D	-0.1%
UVV	B	-0.09%
UTG	A	-0.09%
EDV	D	-0.09%
WMK	B	-0.09%
KMB	C	-0.09%
FLOT	A	-0.09%
ZROZ	D	-0.09%
JPST	A	-0.09%
XYLD	A	-0.09%
AGZD	A	-0.08%
KOF	F	-0.08%
K	A	-0.08%
LGOV	C	-0.08%
OLN	F	-0.08%
SJNK	A	-0.08%
ASC	D	-0.08%
PFE	F	-0.08%
LADR	B	-0.08%
CPB	D	-0.08%
PEP	F	-0.08%
MAIN	A	-0.08%
PTEN	C	-0.08%
JMBS	D	-0.07%
AGZ	C	-0.07%
IIPR	F	-0.07%
NGG	D	-0.07%
CL	D	-0.07%
RDY	D	-0.06%
USA	A	-0.06%
PG	C	-0.06%
ARI	C	-0.05%
PFLT	D	-0.04%
IEF	F	-0.04%

PCEF: Top Represented Industries & Keywords

Industries: Asset Management Other