HIPS vs. MLPX ETF Comparison
Comparison of Master Income ETF (HIPS) to Global X MLP & Energy Infrastructure ETF (MLPX)
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
$13.10
Average Daily Volume
41,474
35
MLPX
Global X MLP & Energy Infrastructure ETF
MLPX Description
The investment seeks to provide investment results that correspond generally to the price and yield performance of the Solactive MLP & Energy Infrastructure Index. The fund invests at least 80% of its total assets in the securities of the underlying index. It also invests at least 80% of its total assets in securities of master limited partnerships and energy infrastructure corporations. The fund's 80% investment policies are non-fundamental and require 60 days' prior written notice to shareholders before it can be changed. The underlying index tracks the performance of MLPs and energy infrastructure corporations. It is non-diversified.Grade (RS Rating)
Last Trade
$54.59
Average Daily Volume
230,007
21
Performance
| Period | HIPS | MLPX |
|---|---|---|
| 30 Days | 2.70% | 3.46% |
| 60 Days | 1.94% | 4.69% |
| 90 Days | 6.38% | 11.39% |
| 12 Months | 17.50% | 34.20% |
HIPS Overweight 29 Positions Relative to MLPX
| Symbol | Grade | Weight | |
|---|---|---|---|
| OHI | B | 3.29% | |
| SBRA | A | 3.18% | |
| LTC | B | 2.88% | |
| BGX | B | 2.85% | |
| JQC | C | 2.81% | |
| NNN | B | 2.8% | |
| JFR | B | 2.76% | |
| GTY | A | 2.73% | |
| BXSL | C | 2.73% | |
| NBB | A | 2.72% | |
| ALX | B | 2.71% | |
| GLPI | B | 2.64% | |
| FCT | B | 2.62% | |
| BLW | B | 2.62% | |
| EFT | D | 2.6% | |
| ARCC | C | 2.59% | |
| SLRC | C | 2.59% | |
| DSU | A | 2.55% | |
| FDUS | B | 2.54% | |
| GBDC | C | 2.45% | |
| EPR | B | 2.44% | |
| FSK | A | 2.42% | |
| GSBD | D | 2.41% | |
| NMFC | F | 2.39% | |
| USAC | D | 2.38% | |
| BSM | D | 2.34% | |
| DMLP | D | 2.32% | |
| PK | F | 2.25% | |
| GNL | C | 2.18% |
HIPS: Top Represented Industries & Keywords
MLPX: Top Represented Industries & Keywords
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