RSPC vs. HIPS ETF Comparison

Comparison of Invesco S&P 500 Equal Weight Communication Services ETF (RSPC) to Master Income ETF (HIPS)

RSPC

Invesco S&P 500 Equal Weight Communication Services ETF

RSPC Description

The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Communication Services Index, an index that contains the common stocks of all companies included in the S&P 500® Index that are classified as members of the communication services sector, as defined according to the Global Industry Classification Standard (GICS). It is non-diversified.

Grade (RS Rating)

Last Trade

$32.52

Average Daily Volume

15,986

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$12.94

Average Daily Volume

39,019

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RSPC	HIPS
30 Days	3.12%	0.95%
60 Days	9.92%	6.61%
90 Days	8.98%	3.79%
12 Months	25.27%	20.90%

0 Overlapping Holdings

	Symbol	Grade	Weight in RSPC	Weight in HIPS	Overlap

RSPC Overweight 10 Positions Relative to HIPS

Symbol	Grade	Weight
CHTR	D	5.24%
MTCH	B	4.92%
FYBR	C	4.79%
OMC	C	4.73%
TMUS	A	4.71%
T	B	4.7%
TKO	A	4.68%
EA	D	4.65%
IPG	D	4.62%
NYT	C	4.61%

RSPC Underweight 35 Positions Relative to HIPS

Symbol	Grade	Weight
WES	B	-3.39%
OHI	C	-3.28%
SBRA	C	-3.21%
MPLX	B	-3.08%
PAA	B	-2.99%
ET	A	-2.95%
LTC	D	-2.84%
BGX	C	-2.83%
ALX	D	-2.81%
NNN	C	-2.8%
EPD	A	-2.79%
BXSL	B	-2.76%
JQC	B	-2.75%
GTY	C	-2.72%
JFR	A	-2.69%
NBB	D	-2.65%
BLW	B	-2.65%
ARCC	A	-2.63%
FCT	A	-2.62%
GLPI	C	-2.59%
EFT	D	-2.56%
DSU	A	-2.56%
EPR	C	-2.5%
FDUS	C	-2.5%
SLRC	C	-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	D	-2.37%
NMFC	F	-2.36%
GNL	D	-2.15%