HIPS vs. REAI ETF Comparison
Comparison of Master Income ETF (HIPS) to Intelligent Real Estate ETF (REAI)
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
$13.04
Average Daily Volume
35,183
37
REAI
Intelligent Real Estate ETF
REAI Description
REAI aims to remove the restrictions of investing in non-traded REITs, such as low liquidity, high expenses, and gate provisions. However, there are differences between listed REITs and non-traded REITs, most notable are dividend distribution, capital formation, and how each invests. REAI actively manages a portfolio of 20-50 publicly traded REITs while aiming to provide similar risk and returns of non-traded REITs. Dividend distributions may be lower than those from non-traded REITs. However, the use of listed REITs may provide more safeguards to end investors. Utilizing a research-based investment approach, the funds assets will be allocated to resemble the geographic and thematic exposure of real estate private equity. Security selection and rebalancing decisions involve bottom-up analysis based on corporate profitability, balance sheet, and portfolio and property-level analytics. Up to 10% of the funds assets may be invested in mortgage-backed securities. Prior to Jan. 29, 2024, the fund was called Private Real Estate Strategy via Liquid REITs ETF with the ticker PRVT.Grade (RS Rating)
Last Trade
$21.89
Average Daily Volume
282
60
Performance
| Period | HIPS | REAI |
|---|---|---|
| 30 Days | 0.69% | -6.33% |
| 60 Days | 0.97% | -4.65% |
| 90 Days | 4.45% | 1.64% |
| 12 Months | 19.29% | 25.65% |
HIPS Overweight 30 Positions Relative to REAI
| 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 | C | 2.6% | |
| MPLX | A | 2.6% | |
| DMLP | A | 2.6% | |
| GTY | A | 2.59% | |
| CQP | B | 2.56% | |
| GBDC | A | 2.55% | |
| NBB | D | 2.54% | |
| KRP | C | 2.53% | |
| DSU | C | 2.52% | |
| PAA | A | 2.48% | |
| WES | C | 2.48% | |
| USAC | B | 2.44% | |
| BSM | A | 2.44% | |
| PK | D | 2.41% | |
| NMFC | D | 2.26% | |
| GSBD | F | 2.2% | |
| NHS | D | 2.02% | |
| GNL | D | 1.83% |
HIPS Underweight 53 Positions Relative to REAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| CHCT | C | -1.83% | |
| SLG | B | -1.8% | |
| UE | B | -1.75% | |
| CBL | A | -1.72% | |
| BRX | A | -1.71% | |
| ESS | A | -1.71% | |
| NXRT | A | -1.71% | |
| SKT | A | -1.7% | |
| ELS | B | -1.7% | |
| MAC | A | -1.7% | |
| DEI | B | -1.69% | |
| EQIX | A | -1.68% | |
| SPG | A | -1.68% | |
| GOOD | B | -1.68% | |
| OLP | B | -1.68% | |
| APLE | B | -1.65% | |
| KRC | C | -1.65% | |
| AAT | C | -1.65% | |
| MAA | A | -1.65% | |
| DRH | B | -1.64% | |
| VTR | C | -1.64% | |
| FRT | C | -1.64% | |
| UDR | C | -1.64% | |
| CPT | D | -1.63% | |
| XHR | B | -1.62% | |
| RHP | B | -1.62% | |
| AHH | C | -1.62% | |
| INVH | D | -1.6% | |
| NHI | D | -1.59% | |
| UHT | D | -1.58% | |
| BFS | C | -1.58% | |
| HST | D | -1.58% | |
| DOC | D | -1.58% | |
| STAG | D | -1.57% | |
| PDM | D | -1.57% | |
| FR | D | -1.56% | |
| PSA | C | -1.56% | |
| CDP | C | -1.56% | |
| ESRT | D | -1.55% | |
| BXP | D | -1.55% | |
| EGP | D | -1.55% | |
| CUBE | C | -1.55% | |
| LAMR | D | -1.54% | |
| SUI | D | -1.54% | |
| HIW | D | -1.53% | |
| CCI | C | -1.51% | |
| IRM | D | -1.51% | |
| BDN | D | -1.47% | |
| AMT | D | -1.44% | |
| PLYM | F | -1.43% | |
| IIPR | F | -1.28% | |
| OPI | F | -0.99% | |
| SVC | F | -0.96% |
HIPS: Top Represented Industries & Keywords
REAI: Top Represented Industries & Keywords
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