HIPS vs. PIFI ETF Comparison
Comparison of Master Income ETF (HIPS) to ClearShares Piton Intermediate Fixed income ETF (PIFI)
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
$12.89
Average Daily Volume
38,104
35
PIFI
ClearShares Piton Intermediate Fixed income ETF
PIFI Description
The investment seeks current income consistent with the long term preservation of capital. The fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus borrowings for investment purposes) in debt securities and in derivatives and other instruments that have economic characteristics similar to such securities. It principally invests in U.S.-dollar denominated, investment-grade securities and seeks to typically maintain a dollar-weighted average portfolio maturity of zero to ten years. The fund is non-diversified.Grade (RS Rating)
Last Trade
$94.94
Average Daily Volume
1,488
1
Performance
| Period | HIPS | PIFI |
|---|---|---|
| 30 Days | 0.06% | 1.05% |
| 60 Days | 2.55% | 1.09% |
| 90 Days | 2.23% | 3.78% |
| 12 Months | 20.18% | 8.72% |
0 Overlapping Holdings
| Symbol | Grade | Weight in HIPS | Weight in PIFI | Overlap |
|---|
HIPS Overweight 35 Positions Relative to PIFI
| Symbol | Grade | Weight | |
|---|---|---|---|
| WES | D | 3.39% | |
| OHI | C | 3.28% | |
| SBRA | C | 3.21% | |
| MPLX | A | 3.08% | |
| PAA | D | 2.99% | |
| ET | C | 2.95% | |
| LTC | D | 2.84% | |
| BGX | D | 2.83% | |
| ALX | C | 2.81% | |
| NNN | A | 2.8% | |
| EPD | A | 2.79% | |
| BXSL | C | 2.76% | |
| JQC | C | 2.75% | |
| GTY | C | 2.72% | |
| JFR | A | 2.69% | |
| NBB | C | 2.65% | |
| BLW | A | 2.65% | |
| ARCC | A | 2.63% | |
| FCT | A | 2.62% | |
| GLPI | A | 2.59% | |
| EFT | D | 2.56% | |
| DSU | A | 2.56% | |
| EPR | C | 2.5% | |
| FDUS | C | 2.5% | |
| SLRC | D | 2.49% | |
| GBDC | B | 2.48% | |
| GSBD | D | 2.48% | |
| FSK | A | 2.48% | |
| PK | D | 2.43% | |
| USAC | D | 2.4% | |
| BSM | B | 2.38% | |
| DMLP | B | 2.37% | |
| CQP | F | 2.37% | |
| NMFC | F | 2.36% | |
| GNL | D | 2.15% |
HIPS Underweight 1 Positions Relative to PIFI
| Symbol | Grade | Weight | |
|---|---|---|---|
| OPER | A | -3.1% |
HIPS: Top Represented Industries & Keywords
PIFI: Top Represented Industries & Keywords
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