AGGH vs. HIPS ETF Comparison

Comparison of Simplify Aggregate Bond PLUS Credit Hedge ETF (AGGH) to Master Income ETF (HIPS)

AGGH

Simplify Aggregate Bond PLUS Credit Hedge ETF

AGGH Description

Simplify Aggregate Bond PLUS Credit Hedge ETF is an exchange traded fund launched and managed by Simplify Asset Management Inc. The fund invests in the fixed income markets of the United States. The fund invests through other funds and through derivatives such as swaps and options in the securities. It primarily invests in investment grade bonds. Simplify Aggregate Bond PLUS Credit Hedge ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$20.82

Average Daily Volume

83,198

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HIPS

Master Income ETF

HIPS Description

The Master Income ETF seeks to track the total return performance, before fees and expenses, of the TFMS HIPS 300 Index. The Index is constructed to capture 300 high income securities, typically with pass-through structures, across the following sectors: (i) closed-end funds (“CEFs”), (ii) mortgage real estate investment trusts (“REITs”), (iii) commercial equity REITs, (iv) residential/diversified REITs, (v) asset management and business development companies (“BDCs”), and (vi) energy production and energy transportation & processing companies. Energy-related companies included in the Index are expected to primarily be structured as master limited partnerships (“MLPs”). CEFs included in the Index are limited to taxable, debt-based funds and may include CEFs that invest primarily in bank loans, high-yield securities (also known as “junk bonds”), foreign securities (including those in emerging markets), and mortgage- or asset-backed securities. The Index is constituted using proprietary methodology developed by Trust and Fiduciary Management Services, Inc. The Index Provider determines the relative weightings of the securities in the Index and publishes information regarding the market value of the Index.

Grade (RS Rating)

Last Trade

$13.10

Average Daily Volume

31,472

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AGGH	HIPS
30 Days	-0.23%	2.93%
60 Days	-3.36%	1.80%
90 Days	-4.41%	2.88%
12 Months	6.10%	19.87%

0 Overlapping Holdings

	Symbol	Grade	Weight in AGGH	Weight in HIPS	Overlap

AGGH Overweight 3 Positions Relative to HIPS

Symbol	Grade	Weight
SCHP	D	9.97%
MINT	A	6.63%
JPST	A	6.55%

AGGH Underweight 37 Positions Relative to HIPS

Symbol	Grade	Weight
BGX	A	-2.79%
LTC	B	-2.79%
JQC	A	-2.78%
JFR	A	-2.75%
ARCC	A	-2.72%
ET	A	-2.68%
SLRC	A	-2.66%
FSK	A	-2.65%
EFT	A	-2.64%
EPD	A	-2.64%
FCT	A	-2.63%
FDUS	A	-2.62%
BXSL	A	-2.62%
BLW	C	-2.6%
MPLX	A	-2.6%
DMLP	A	-2.6%
GTY	A	-2.59%
CQP	B	-2.56%
GBDC	D	-2.55%
NBB	D	-2.54%
KRP	B	-2.53%
DSU	A	-2.52%
ALX	D	-2.49%
PAA	B	-2.48%
SBRA	C	-2.48%
WES	C	-2.48%
GLPI	C	-2.48%
OHI	C	-2.46%
USAC	B	-2.44%
BSM	B	-2.44%
PK	C	-2.41%
EPR	C	-2.28%
NMFC	D	-2.26%
GSBD	F	-2.2%
NNN	C	-2.18%
NHS	D	-2.02%
GNL	F	-1.83%

AGGH: Top Represented Industries & Keywords

Industries: