HIPS vs. EMLP ETF Comparison
Comparison of Master Income ETF (HIPS) to First Trust North American Energy Infrastructure Fund (EMLP)
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
$12.94
Average Daily Volume
39,019
35
EMLP
First Trust North American Energy Infrastructure Fund
EMLP Description
The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies. It is non-diversified.Grade (RS Rating)
Last Trade
$34.23
Average Daily Volume
164,271
50
Performance
Period | HIPS | EMLP |
---|---|---|
30 Days | 0.95% | 5.25% |
60 Days | 6.61% | 11.72% |
90 Days | 3.79% | 13.15% |
12 Months | 20.90% | 38.19% |
HIPS Overweight 30 Positions Relative to EMLP
Symbol | Grade | Weight | |
---|---|---|---|
WES | B | 3.39% | |
OHI | C | 3.28% | |
SBRA | C | 3.21% | |
PAA | B | 2.99% | |
LTC | D | 2.84% | |
BGX | C | 2.83% | |
ALX | D | 2.81% | |
NNN | C | 2.8% | |
BXSL | B | 2.76% | |
JQC | B | 2.75% | |
GTY | C | 2.72% | |
JFR | A | 2.69% | |
NBB | D | 2.65% | |
BLW | B | 2.65% | |
ARCC | A | 2.63% | |
FCT | A | 2.62% | |
GLPI | C | 2.59% | |
EFT | D | 2.56% | |
DSU | A | 2.56% | |
EPR | C | 2.5% | |
FDUS | C | 2.5% | |
SLRC | C | 2.49% | |
GBDC | B | 2.48% | |
GSBD | D | 2.48% | |
FSK | A | 2.48% | |
PK | D | 2.43% | |
BSM | B | 2.38% | |
DMLP | B | 2.37% | |
NMFC | F | 2.36% | |
GNL | D | 2.15% |
HIPS Underweight 45 Positions Relative to EMLP
Symbol | Grade | Weight | |
---|---|---|---|
OKE | A | -5.1% | |
KMI | A | -4.63% | |
PAGP | B | -4.59% | |
SRE | C | -4.06% | |
DTM | A | -4.05% | |
TRGP | A | -3.08% | |
NFG | A | -3.01% | |
PEG | A | -2.82% | |
PPL | C | -2.57% | |
AEP | C | -2.38% | |
PWR | A | -2.32% | |
WMB | A | -2.16% | |
ATO | A | -1.78% | |
LNT | B | -1.75% | |
LNG | A | -1.45% | |
ETR | A | -1.42% | |
WEC | B | -1.38% | |
CMS | A | -1.28% | |
XEL | C | -1.27% | |
VST | A | -1.24% | |
EVRG | C | -1.21% | |
AES | C | -1.2% | |
SUN | D | -1.16% | |
DTE | B | -1.16% | |
OGS | C | -1.13% | |
FLR | B | -1.11% | |
WLKP | D | -0.82% | |
NEP | D | -0.82% | |
DUK | C | -0.76% | |
CNP | B | -0.66% | |
HESM | C | -0.66% | |
WTRG | D | -0.62% | |
CWEN | C | -0.57% | |
AROC | B | -0.53% | |
D | A | -0.53% | |
SO | A | -0.5% | |
IDA | D | -0.49% | |
NJR | C | -0.47% | |
CEG | A | -0.32% | |
AEE | A | -0.29% | |
CPK | C | -0.25% | |
EXC | C | -0.11% | |
UGI | C | -0.08% | |
AWK | D | -0.06% | |
ENLC | A | -0.0% |
HIPS: Top Represented Industries & Keywords
EMLP: Top Represented Industries & Keywords