CEFS vs. HIPS ETF Comparison
Comparison of Exchange Listed Funds Trust ETF (CEFS) to Master Income ETF (HIPS)
CEFS
Exchange Listed Funds Trust ETF
CEFS Description
The investment seeks to provide capital appreciation and dividend income. The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by normally investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by closed-end funds (the "underlying funds"). The advisor expects to invest in underlying funds operated by a diversified group of closed-end fund managers ("underlying fund managers"). The fund normally invests in underlying funds that primarily pursue high yield opportunities.
Grade (RS Rating)
Last Trade
$19.59
Average Daily Volume
47,628
86
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
$12.58
Average Daily Volume
27,747
37
Performance
| Period | CEFS | HIPS |
|---|---|---|
| 30 Days | -2.21% | -0.69% |
| 60 Days | 0.83% | 2.41% |
| 90 Days | 6.44% | 4.02% |
| 12 Months | 17.97% | 17.46% |
0 Overlapping Holdings
| Symbol | Grade | Weight in CEFS | Weight in HIPS | Overlap |
|---|
CEFS Overweight 86 Positions Relative to HIPS
| Symbol | Grade | Weight | |
|---|---|---|---|
| BIGZ | D | 20.38% | |
| EMO | A | 17.8% | |
| ADX | C | 11.62% | |
| ASA | A | 11.27% | |
| CTR | A | 9.31% | |
| BCAT | B | 9.03% | |
| BFZ | C | 7.84% | |
| ENX | C | 5.92% | |
| PDX | A | 5.33% | |
| ASGI | C | 4.99% | |
| NQP | C | 4.55% | |
| NXJ | C | 4.4% | |
| BSTZ | C | 3.71% | |
| JRI | C | 3.69% | |
| BMEZ | D | 3.41% | |
| EVM | B | 3.4% | |
| EDD | D | 3.13% | |
| VTN | C | 2.6% | |
| MHI | C | 2.46% | |
| TEAF | C | 2.43% | |
| ECF | D | 1.71% | |
| KSM | A | 1.66% | |
| VPV | C | 1.63% | |
| FMN | B | 1.57% | |
| PGZ | C | 1.46% | |
| NTG | A | 1.46% | |
| IDE | A | 1.25% | |
| NBH | C | 1.11% | |
| IHD | B | 1.05% | |
| CEV | B | 1.0% | |
| DMF | C | 0.95% | |
| HQL | C | 0.89% | |
| NFJ | C | 0.87% | |
| GAM | B | 0.83% | |
| MAV | C | 0.77% | |
| NZF | C | 0.66% | |
| HYB | C | 0.65% | |
| IGA | A | 0.61% | |
| NDP | A | 0.49% | |
| HQH | C | 0.43% | |
| NPFD | C | 0.42% | |
| CPZ | A | 0.35% | |
| TWN | C | 0.33% | |
| CMU | C | 0.3% | |
| RA | D | 0.27% | |
| GNT | A | 0.26% | |
| CXH | C | 0.22% | |
| SBI | C | 0.21% | |
| LGI | C | 0.2% | |
| TTP | A | 0.18% | |
| MPA | A | 0.17% | |
| NML | A | 0.12% | |
| FEI | A | 0.08% | |
| TYG | A | 0.08% | |
| DHF | C | 0.06% | |
| AGD | C | 0.05% | |
| GRX | C | 0.04% | |
| MXE | C | 0.03% | |
| BOE | C | 0.03% | |
| FGB | C | 0.02% | |
| KTF | A | 0.02% | |
| MYN | C | 0.02% | |
| NAD | C | 0.01% | |
| EOD | B | 0.01% | |
| PEO | A | 0.01% | |
| NAC | B | 0.01% | |
| MHN | C | 0.01% | |
| VCV | B | 0.01% | |
| AFB | C | 0.01% | |
| MUC | C | 0.01% | |
| NOM | C | 0.0% | |
| GLQ | B | 0.0% | |
| PFO | C | 0.0% | |
| FPL | A | 0.0% | |
| NVG | C | 0.0% | |
| NMT | C | 0.0% | |
| MVT | C | 0.0% | |
| BNY | C | 0.0% | |
| MIY | C | 0.0% | |
| BHV | B | 0.0% | |
| NAZ | C | 0.0% | |
| DSM | C | 0.0% | |
| CXE | C | 0.0% | |
| MUJ | C | 0.0% | |
| MFD | D | 0.0% | |
| NAN | C | 0.0% |
CEFS Underweight 37 Positions Relative to HIPS
| Symbol | Grade | Weight | |
|---|---|---|---|
| WES | A | -2.99% | |
| PAA | A | -2.96% | |
| NS | B | -2.81% | |
| ET | A | -2.77% | |
| MPLX | A | -2.74% | |
| EPD | A | -2.72% | |
| BXSL | A | -2.72% | |
| PK | B | -2.72% | |
| GBDC | A | -2.68% | |
| USAC | C | -2.64% | |
| DMLP | A | -2.64% | |
| BGX | A | -2.62% | |
| JFR | A | -2.61% | |
| EFT | A | -2.59% | |
| JQC | B | -2.58% | |
| FCT | A | -2.53% | |
| GSBD | A | -2.5% | |
| ARCC | A | -2.49% | |
| BSM | C | -2.49% | |
| FDUS | A | -2.44% | |
| ALX | C | -2.42% | |
| SLRC | A | -2.42% | |
| OHI | D | -2.42% | |
| BLW | C | -2.41% | |
| FSD | C | -2.4% | |
| LTC | A | -2.39% | |
| DSU | C | -2.39% | |
| NMFC | B | -2.38% | |
| SBRA | C | -2.34% | |
| FSK | A | -2.33% | |
| NNN | C | -2.32% | |
| NBB | D | -2.3% | |
| CQP | D | -2.24% | |
| GTY | B | -2.23% | |
| GLPI | F | -2.14% | |
| EPR | D | -2.05% | |
| GNL | F | -1.66% |
CEFS: Top Represented Industries & Keywords
HIPS: Top Represented Industries & Keywords
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