HIPS vs. RDFI ETF Comparison
Comparison of Master Income ETF (HIPS) to Rareview Dynamic Fixed Income ETF (RDFI)
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
$12.92
Average Daily Volume
25,150
36
RDFI
Rareview Dynamic Fixed Income ETF
RDFI Description
The investment seeks total return with an emphasis on providing current income. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in fixed income closed-end funds trading at a discount or premium to their underlying net asset value and that pay regular periodic cash distributions. Through its investments in closed-end funds that hold non-U.S. fixed income securities, the fund may invest indirectly in foreign securities, including securities of issuers located in emerging markets. It is non-diversified.Grade (RS Rating)
Last Trade
$23.17
Average Daily Volume
5,368
28
Performance
| Period | HIPS | RDFI |
|---|---|---|
| 30 Days | 2.51% | 1.67% |
| 60 Days | 3.58% | 2.35% |
| 90 Days | 3.37% | 1.28% |
| 12 Months | 18.34% | 7.71% |
0 Overlapping Holdings
| Symbol | Grade | Weight in HIPS | Weight in RDFI | Overlap |
|---|
HIPS Overweight 36 Positions Relative to RDFI
| Symbol | Grade | Weight | |
|---|---|---|---|
| WES | A | 3.49% | |
| PAA | A | 2.97% | |
| ET | A | 2.91% | |
| MPLX | A | 2.9% | |
| BXSL | B | 2.88% | |
| EPD | A | 2.76% | |
| BGX | A | 2.71% | |
| JFR | A | 2.68% | |
| OHI | A | 2.68% | |
| GSBD | A | 2.67% | |
| JQC | A | 2.67% | |
| EFT | A | 2.66% | |
| SLRC | A | 2.62% | |
| FSD | A | 2.58% | |
| LTC | A | 2.57% | |
| ARCC | A | 2.56% | |
| SBRA | A | 2.56% | |
| GBDC | C | 2.56% | |
| FCT | B | 2.55% | |
| USAC | D | 2.52% | |
| BLW | A | 2.51% | |
| ALX | B | 2.48% | |
| BSM | C | 2.48% | |
| FDUS | B | 2.48% | |
| DSU | A | 2.48% | |
| DMLP | C | 2.44% | |
| NBB | B | 2.44% | |
| FSK | A | 2.43% | |
| NNN | B | 2.42% | |
| PK | D | 2.39% | |
| NMFC | C | 2.38% | |
| CQP | C | 2.35% | |
| GTY | D | 2.26% | |
| GLPI | C | 2.22% | |
| EPR | C | 2.11% | |
| GNL | D | 1.76% |
HIPS Underweight 28 Positions Relative to RDFI
| Symbol | Grade | Weight | |
|---|---|---|---|
| EMD | A | -7.59% | |
| JPC | A | -6.64% | |
| FAX | A | -6.26% | |
| EDD | A | -5.88% | |
| FPF | A | -5.87% | |
| NPFD | A | -5.09% | |
| HIO | A | -4.74% | |
| PDX | A | -4.63% | |
| TEI | B | -4.21% | |
| GHY | A | -3.81% | |
| NVG | B | -3.51% | |
| NZF | A | -3.43% | |
| NAD | B | -3.15% | |
| ZROZ | C | -3.11% | |
| EAD | A | -2.91% | |
| FTF | A | -2.23% | |
| AGNC | A | -2.19% | |
| BTZ | A | -2.13% | |
| BLE | A | -2.03% | |
| NEA | B | -1.94% | |
| MMU | A | -1.74% | |
| IQI | A | -1.62% | |
| VMO | A | -1.45% | |
| ISD | A | -1.25% | |
| BBN | B | -1.24% | |
| VKQ | A | -0.98% | |
| IIM | A | -0.3% | |
| MVF | A | -0.0% |
HIPS: Top Represented Industries & Keywords
RDFI: Top Represented Industries & Keywords
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