FXED vs. HIPS ETF Comparison
Comparison of Sound Enhanced Fixed Income ETF (FXED) to Master Income ETF (HIPS)
FXED
Sound Enhanced Fixed Income ETF
FXED Description
Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities. The fund's investments in fixed income securities will typically include U.S. corporate bonds, preferred stock and ETFs that invest in bonds, sovereign debt, and private placement debt securities. It may also invest in fixed income securities issued by U.S. and foreign corporations, securities issued by governments and their agencies, instrumentalities, or sponsored corporations, including supranational organizations. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$18.80
Average Daily Volume
7,687
24
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
$13.16
Average Daily Volume
31,726
37
Performance
| Period | FXED | HIPS |
|---|---|---|
| 30 Days | -0.68% | 3.55% |
| 60 Days | -1.87% | 1.87% |
| 90 Days | 0.63% | 3.35% |
| 12 Months | 12.77% | 20.42% |
FXED Underweight 30 Positions Relative to HIPS
| Symbol | Grade | Weight | |
|---|---|---|---|
| BGX | A | -2.79% | |
| LTC | B | -2.79% | |
| JQC | A | -2.78% | |
| JFR | A | -2.75% | |
| 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% | |
| BLW | B | -2.6% | |
| MPLX | A | -2.6% | |
| DMLP | A | -2.6% | |
| GTY | B | -2.59% | |
| CQP | B | -2.56% | |
| NBB | D | -2.54% | |
| KRP | B | -2.53% | |
| DSU | B | -2.52% | |
| ALX | D | -2.49% | |
| PAA | B | -2.48% | |
| SBRA | C | -2.48% | |
| WES | C | -2.48% | |
| USAC | B | -2.44% | |
| BSM | B | -2.44% | |
| EPR | D | -2.28% | |
| NMFC | D | -2.26% | |
| GSBD | F | -2.2% | |
| NHS | D | -2.02% | |
| GNL | F | -1.83% |
FXED: Top Represented Industries & Keywords
HIPS: Top Represented Industries & Keywords
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