HIPS vs. NVIR ETF Comparison

Comparison of Master Income ETF (HIPS) to Listed Funds Trust Horizon Kinetics Energy and Remediation ETF (NVIR)
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

$13.08

Average Daily Volume

31,473

Number of Holdings *

37

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

Listed Funds Trust Horizon Kinetics Energy and Remediation ETF

NVIR Description The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing primarily in securities of companies that are expected to benefit, either directly or indirectly, from the increasing focus on climate and environmentally sensitive carbon-based energy production. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.47

Average Daily Volume

602

Number of Holdings *

29

* may have additional holdings in another (foreign) market
Performance
Period HIPS NVIR
30 Days 2.25% 8.23%
60 Days 1.38% 11.57%
90 Days 3.36% 13.30%
12 Months 19.42% 24.33%
0 Overlapping Holdings
Symbol Grade Weight in HIPS Weight in NVIR Overlap
HIPS Overweight 37 Positions Relative to NVIR
Symbol Grade Weight
BGX A 2.79%
LTC B 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 C 2.6%
MPLX A 2.6%
DMLP A 2.6%
GTY A 2.59%
CQP B 2.56%
GBDC B 2.55%
NBB D 2.54%
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 C 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 29 Positions Relative to NVIR
Symbol Grade Weight
XOM A -7.4%
TPL A -6.13%
WMB A -5.08%
LNG A -4.14%
EQT A -3.97%
FANG C -3.88%
EOG A -3.28%
COP B -3.11%
ITRI B -2.71%
PNR B -2.5%
BMI B -2.42%
OXY D -2.41%
SLB C -2.3%
FLS A -2.21%
ECL D -2.04%
FLR B -1.82%
VLTO C -1.72%
WTS B -1.56%
OIS B -1.52%
XYL D -1.52%
PBT B -1.52%
LBRT F -1.5%
FELE B -1.48%
IEX B -1.32%
TTI B -1.31%
ERII D -1.16%
IDXX F -1.11%
SJT D -0.95%
SBR B -0.77%
Compare ETFs