HIPS vs. KBWY ETF Comparison

Comparison of Master Income ETF (HIPS) to PowerShares KBW Premium Yield Equity REIT Portfolio ETF (KBWY)
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

Number of Holdings *

37

* may have additional holdings in another (foreign) market
KBWY

PowerShares KBW Premium Yield Equity REIT Portfolio ETF

KBWY Description The PowerShares KBW Premium Yield Equity REIT Portfolio (Fund) is based on the KBW Premium Yield Equity REIT Index (Index). The Fund will normally invest at least 90% of its total assets in the securities that comprise the Index. The Index is calculated using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 small- and mid-cap equity REITs in the United States. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$19.72

Average Daily Volume

108,401

Number of Holdings *

27

* may have additional holdings in another (foreign) market
Performance
Period HIPS KBWY
30 Days 3.55% -3.74%
60 Days 1.87% -6.55%
90 Days 3.35% -0.78%
12 Months 20.42% 20.56%
7 Overlapping Holdings
Symbol Grade Weight in HIPS Weight in KBWY Overlap
EPR D 2.28% 3.95% 2.28%
GLPI C 2.48% 3.25% 2.48%
GNL F 1.83% 6.33% 1.83%
GTY B 2.59% 3.3% 2.59%
LTC B 2.79% 3.79% 2.79%
OHI C 2.46% 4.03% 2.46%
SBRA C 2.48% 4.41% 2.48%
HIPS Overweight 30 Positions Relative to KBWY
Symbol Grade Weight
BGX A 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 B 2.6%
MPLX A 2.6%
DMLP A 2.6%
CQP B 2.56%
GBDC C 2.55%
NBB D 2.54%
KRP B 2.53%
DSU B 2.52%
ALX D 2.49%
PAA B 2.48%
WES C 2.48%
USAC B 2.44%
BSM B 2.44%
PK B 2.41%
NMFC D 2.26%
GSBD F 2.2%
NNN D 2.18%
NHS D 2.02%
HIPS Underweight 20 Positions Relative to KBWY
Symbol Grade Weight
GOOD B -5.09%
SVC F -4.94%
GMRE F -4.91%
DEA D -4.36%
OUT A -4.34%
APLE B -4.19%
HIW D -3.58%
BNL D -3.5%
AHH D -3.49%
WPC D -3.17%
SLG B -3.0%
IIPR D -2.96%
PDM D -2.91%
AAT B -2.86%
FCPT C -2.85%
LXP D -2.61%
KIM A -2.6%
NSA D -2.6%
NXRT B -2.21%
OPI F -0.59%
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