HIPS vs. FCEF ETF Comparison
Comparison of Master Income ETF (HIPS) to First Trust CEF Income Opportunity ETF (FCEF)
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
$13.04
Average Daily Volume
32,169
37
FCEF
First Trust CEF Income Opportunity ETF
FCEF Description
The First Trust CEF Income Opportunity ETF is an actively managed exchange-traded fund. The Fund's investment objective is to provide current income with a secondary emphasis on total return. Under normal market conditions, the Fund will seek to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in a portfolio of closed-end investment companies that are listed and traded in the United States on registered exchanges.Grade (RS Rating)
Last Trade
$21.95
Average Daily Volume
7,760
46
Performance
| Period | HIPS | FCEF |
|---|---|---|
| 30 Days | 0.92% | -0.81% |
| 60 Days | 1.38% | 0.83% |
| 90 Days | 3.93% | 3.26% |
| 12 Months | 19.57% | 24.46% |
HIPS Overweight 34 Positions Relative to FCEF
| Symbol | Grade | Weight | |
|---|---|---|---|
| BGX | A | 2.79% | |
| LTC | B | 2.79% | |
| 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 | B | 2.55% | |
| KRP | B | 2.53% | |
| DSU | A | 2.52% | |
| ALX | D | 2.49% | |
| PAA | B | 2.48% | |
| SBRA | B | 2.48% | |
| WES | C | 2.48% | |
| GLPI | C | 2.48% | |
| OHI | B | 2.46% | |
| USAC | B | 2.44% | |
| BSM | B | 2.44% | |
| PK | D | 2.41% | |
| EPR | D | 2.28% | |
| NMFC | D | 2.26% | |
| GSBD | F | 2.2% | |
| NNN | C | 2.18% | |
| NHS | D | 2.02% | |
| GNL | D | 1.83% |
HIPS Underweight 43 Positions Relative to FCEF
| Symbol | Grade | Weight | |
|---|---|---|---|
| ETG | B | -4.02% | |
| HTD | A | -3.33% | |
| ETO | C | -3.3% | |
| EVT | A | -3.25% | |
| THQ | D | -3.22% | |
| SOR | B | -3.19% | |
| VRIG | A | -3.16% | |
| ASGI | C | -3.16% | |
| HQH | D | -3.14% | |
| GDV | B | -2.95% | |
| JPC | A | -2.55% | |
| TY | B | -2.52% | |
| UTF | C | -2.48% | |
| RNP | C | -2.36% | |
| BCAT | A | -2.28% | |
| NPFD | A | -2.25% | |
| BGB | A | -2.2% | |
| PDO | C | -2.14% | |
| CET | B | -2.02% | |
| GAM | C | -2.02% | |
| UTG | A | -1.87% | |
| JRI | A | -1.52% | |
| PEO | A | -1.44% | |
| EVG | D | -1.44% | |
| PDX | A | -1.39% | |
| RA | C | -1.24% | |
| AIO | B | -1.03% | |
| QQQX | A | -1.0% | |
| CII | A | -0.99% | |
| KYN | A | -0.82% | |
| WIW | D | -0.75% | |
| HIO | A | -0.74% | |
| BCX | D | -0.73% | |
| BIT | C | -0.72% | |
| BUI | C | -0.7% | |
| TPZ | A | -0.56% | |
| RMT | B | -0.52% | |
| BTZ | D | -0.49% | |
| HQL | D | -0.47% | |
| JLS | D | -0.47% | |
| BME | D | -0.45% | |
| DPG | A | -0.41% | |
| DLY | A | -0.23% |
HIPS: Top Represented Industries & Keywords
FCEF: Top Represented Industries & Keywords
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