HIPS vs. CCEF ETF Comparison
Comparison of Master Income ETF (HIPS) to Calamos CEF Income & Arbitrage ETF (CCEF)
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
$12.69
Average Daily Volume
35,576
37
CCEF
Calamos CEF Income & Arbitrage ETF
CCEF Description
The fund is an actively managed exchange-traded fund (ETF) that seeks high current income and long-term capital appreciation by investing in unaffiliated closed-end funds that the fund's investment adviser, Calamos Advisors LLC, believes offer both attractive income opportunities as well as arbitrage opportunities resulting from such closed-end funds trading at attractive discounts. Under normal circumstances, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets in U.S. and non-U.S. closed-end funds. The fund is non-diversified.Grade (RS Rating)
Last Trade
$27.85
Average Daily Volume
2,735
38
Performance
Period | HIPS | CCEF |
---|---|---|
30 Days | -0.73% | -2.76% |
60 Days | -0.66% | 0.09% |
90 Days | 1.80% | 4.61% |
12 Months | 16.48% |
HIPS Overweight 35 Positions Relative to CCEF
Symbol | Grade | Weight | |
---|---|---|---|
LTC | A | 2.86% | |
BGX | C | 2.8% | |
JFR | A | 2.72% | |
ARCC | B | 2.7% | |
FCT | A | 2.67% | |
SBRA | B | 2.67% | |
BXSL | B | 2.65% | |
ALX | D | 2.65% | |
GTY | C | 2.65% | |
OHI | B | 2.65% | |
BLW | A | 2.64% | |
EFT | A | 2.62% | |
GLPI | D | 2.6% | |
ET | A | 2.59% | |
SLRC | B | 2.59% | |
FSK | B | 2.55% | |
GBDC | C | 2.54% | |
DSU | A | 2.53% | |
EPD | A | 2.52% | |
FDUS | C | 2.51% | |
KRP | B | 2.5% | |
DMLP | A | 2.49% | |
MPLX | A | 2.49% | |
WES | D | 2.47% | |
EPR | D | 2.46% | |
CQP | A | 2.44% | |
PAA | D | 2.43% | |
NNN | D | 2.41% | |
USAC | F | 2.37% | |
BSM | D | 2.35% | |
GSBD | F | 2.33% | |
PK | F | 2.32% | |
NMFC | F | 2.23% | |
NHS | D | 2.08% | |
GNL | D | 2.02% |
HIPS Underweight 36 Positions Relative to CCEF
Symbol | Grade | Weight | |
---|---|---|---|
PDT | D | -4.24% | |
THQ | D | -3.78% | |
KYN | B | -3.43% | |
EXG | C | -3.39% | |
ETW | A | -3.2% | |
RA | A | -3.06% | |
HTD | C | -3.0% | |
ERC | D | -2.99% | |
AOD | C | -2.98% | |
RIV | B | -2.98% | |
ASGI | A | -2.78% | |
ASG | B | -2.72% | |
BDJ | A | -2.69% | |
BBN | C | -2.62% | |
IIF | C | -2.56% | |
IFN | D | -2.4% | |
RQI | D | -2.21% | |
NML | B | -2.19% | |
FFC | D | -2.05% | |
DIAX | B | -1.98% | |
EVT | C | -1.96% | |
HFRO | F | -1.75% | |
EMF | C | -1.57% | |
JPC | A | -1.54% | |
NTG | A | -1.51% | |
IGR | D | -1.18% | |
TSI | B | -1.14% | |
BTO | A | -1.1% | |
FAX | D | -1.02% | |
USA | B | -1.01% | |
HYI | A | -1.0% | |
RMT | D | -0.98% | |
EVV | A | -0.98% | |
ACP | A | -0.97% | |
BME | D | -0.86% | |
CII | C | -0.22% |
HIPS: Top Represented Industries & Keywords
CCEF: Top Represented Industries & Keywords