FLDZ vs. HIPS ETF Comparison

Comparison of RiverNorth Volition America Patriot ETF (FLDZ) to Master Income ETF (HIPS)

FLDZ

RiverNorth Volition America Patriot ETF

FLDZ Description

RiverNorth Volition America Patriot ETF is an exchange traded fund launched by Listed Funds Trust. The fund is co-managed by RiverNorth Capital Management, LLC, TrueMark Investments, LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. RiverNorth Volition America Patriot ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$25.46

Average Daily Volume

Number of Holdings ^*

296

* 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

$12.81

Average Daily Volume

21,937

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLDZ	HIPS
30 Days	-2.16%	1.24%
60 Days	2.67%	2.53%
90 Days	0.96%	2.43%
12 Months	13.92%	19.31%

7 Overlapping Holdings

Symbol	Grade	Weight in FLDZ	Weight in HIPS	Overlap
CQP	D	0.35%	2.35%	0.35%
EPD	A	0.43%	2.72%	0.43%
ET	B	0.44%	2.79%	0.44%
GLPI	C	0.23%	2.21%	0.23%
MPLX	A	0.39%	2.84%	0.39%
NNN	B	0.22%	2.45%	0.22%
WES	A	0.42%	3.34%	0.42%

FLDZ Overweight 289 Positions Relative to HIPS

Symbol	Grade	Weight
FSLR	C	0.61%
MO	A	0.58%
T	A	0.57%
INTU	C	0.57%
RSG	A	0.54%
THC	B	0.53%
ORLY	B	0.52%
CACI	A	0.51%
CHE	D	0.5%
MLM	D	0.5%
MTZ	B	0.49%
NEE	B	0.49%
SO	B	0.48%
CEG	B	0.48%
CVNA	A	0.47%
WMB	A	0.47%
SFM	A	0.47%
BJ	A	0.47%
MPC	C	0.47%
EME	B	0.46%
AR	B	0.46%
VST	B	0.46%
WING	B	0.46%
NTRA	B	0.46%
FOXA	A	0.45%
TTD	A	0.45%
TSCO	C	0.45%
TGT	C	0.45%
CMG	B	0.45%
CASY	B	0.44%
KMI	A	0.44%
NRG	B	0.44%
TRGP	A	0.44%
PEG	B	0.44%
PAYX	B	0.43%
CHDN	A	0.43%
SAIA	B	0.43%
RRC	D	0.43%
EOG	C	0.43%
BAH	B	0.43%
DGX	B	0.43%
DUK	C	0.43%
HQY	B	0.42%
ELV	B	0.42%
HUM	C	0.42%
NVR	C	0.42%
VZ	B	0.42%
EQT	D	0.42%
ITCI	B	0.41%
STZ	B	0.41%
TOST	C	0.41%
CTRA	C	0.41%
AWK	C	0.41%
WM	B	0.41%
CPB	D	0.41%
KEX	B	0.41%
ROST	A	0.4%
CI	C	0.4%
TXRH	A	0.4%
EIX	D	0.4%
AM	A	0.4%
NBIX	C	0.39%
ETR	D	0.39%
INCY	B	0.39%
MRO	B	0.39%
AN	D	0.39%
CNP	B	0.39%
VMC	D	0.39%
PNW	C	0.39%
CSX	D	0.39%
AGR	D	0.39%
ED	D	0.39%
NI	B	0.39%
NYT	B	0.39%
DTE	D	0.39%
CHRD	C	0.39%
LUV	B	0.38%
CAH	B	0.38%
XEL	D	0.38%
D	D	0.38%
Z	C	0.38%
AEP	D	0.38%
SRPT	B	0.38%
MTH	D	0.38%
FE	D	0.38%
OKE	B	0.38%
FIX	C	0.38%
DTM	A	0.38%
UNH	D	0.38%
PPL	C	0.38%
CNC	D	0.37%
ENLC	C	0.37%
MUSA	A	0.37%
NSC	D	0.37%
CZR	C	0.37%
BURL	A	0.37%
AEE	D	0.37%
DKS	B	0.37%
AZEK	D	0.37%
BECN	C	0.37%
EVRG	D	0.37%
PFGC	C	0.37%
PCG	C	0.37%
HRL	F	0.37%
CMS	D	0.37%
CIVI	D	0.37%
RIVN	C	0.37%
USFD	A	0.37%
FANG	C	0.37%
ENSG	B	0.37%
SWN	D	0.36%
M	C	0.36%
ADTN	F	0.36%
REYN	B	0.36%
AAON	C	0.36%
DVN	C	0.36%
UFPI	D	0.36%
LSTR	B	0.36%
COKE	A	0.36%
EXC	D	0.36%
CHK	D	0.36%
WSM	C	0.36%
IONS	B	0.36%
DRI	C	0.36%
TOL	D	0.36%
LNT	C	0.36%
SAIC	D	0.36%
ATO	B	0.36%
PHM	D	0.35%
SWX	C	0.35%
FYBR	B	0.35%
LEN	D	0.35%
DDS	C	0.35%
WTRG	C	0.35%
CWST	B	0.35%
OGE	C	0.35%
EXP	D	0.34%
ES	D	0.34%
TMHC	D	0.34%
ESS	B	0.34%
DKNG	D	0.34%
KR	D	0.34%
LBRDK	D	0.34%
CNM	D	0.34%
WEC	D	0.34%
PR	C	0.34%
IEP	C	0.34%
BYD	D	0.33%
TREX	F	0.33%
KBH	B	0.33%
CHTR	C	0.33%
TPL	B	0.33%
LCID	F	0.33%
SUM	D	0.33%
CVS	D	0.33%
PGR	C	0.33%
DHI	D	0.33%
FND	D	0.33%
ACI	F	0.33%
MTDR	D	0.32%
VVV	B	0.32%
SM	C	0.32%
RCM	B	0.32%
APO	A	0.32%
PNC	D	0.31%
NXST	C	0.31%
WFC	D	0.31%
IBP	D	0.31%
DG	D	0.31%
KMX	C	0.31%
ROKU	F	0.31%
SUN	B	0.31%
PCTY	F	0.31%
KNX	C	0.31%
ULTA	D	0.3%
JBHT	F	0.3%
INSP	F	0.3%
BLDR	F	0.29%
TNET	D	0.29%
PAYC	F	0.29%
SIRI	F	0.29%
BCC	D	0.29%
LANC	D	0.29%
HII	C	0.29%
BILL	F	0.28%
COF	D	0.28%
ASO	F	0.28%
MSM	D	0.28%
SCHW	C	0.28%
MAA	B	0.28%
OPCH	D	0.28%
USB	C	0.27%
ODFL	D	0.27%
LYFT	F	0.27%
JKHY	C	0.27%
APLS	F	0.27%
ERIE	C	0.27%
FIVE	F	0.27%
HOOD	B	0.27%
AFG	D	0.26%
ALL	C	0.26%
CELH	F	0.26%
EQH	A	0.26%
DOC	B	0.26%
SITE	F	0.26%
RH	F	0.26%
ZION	C	0.25%
BOKF	C	0.25%
SYF	B	0.25%
DFS	B	0.25%
REG	B	0.25%
OWL	C	0.25%
CUBE	B	0.25%
CPT	A	0.25%
ALLY	B	0.25%
CBSH	C	0.25%
CFR	D	0.24%
EXR	B	0.24%
L	C	0.24%
EQR	A	0.24%
WAL	C	0.24%
AVB	A	0.24%
KIM	B	0.24%
HIG	A	0.24%
MOH	F	0.24%
FRT	D	0.24%
FR	C	0.23%
CFG	C	0.23%
EWBC	C	0.23%
CMA	C	0.23%
ORI	C	0.23%
LAMR	B	0.23%
CINF	C	0.23%
FITB	C	0.23%
LPLA	B	0.23%
CCI	D	0.23%
INVH	A	0.23%
MARA	C	0.23%
MTB	C	0.23%
TROW	B	0.23%
ARE	C	0.23%
UDR	B	0.23%
FCNCA	D	0.23%
PB	D	0.23%
VICI	D	0.23%
SPG	B	0.23%
ARES	C	0.22%
FHN	C	0.22%
ADC	B	0.22%
WTFC	C	0.22%
SIGI	F	0.22%
MKL	C	0.22%
PSA	B	0.22%
STAG	C	0.22%
RLI	D	0.22%
SSB	D	0.21%
HBAN	C	0.21%
AGNC	A	0.21%
TFC	C	0.21%
OMF	D	0.21%
REXR	C	0.21%
AMH	B	0.21%
FNF	D	0.21%
PNFP	D	0.21%
HST	D	0.2%
EGP	C	0.2%
BXP	B	0.2%
DV	D	0.2%
CBOE	D	0.2%
ELS	C	0.2%
KEY	C	0.2%
JXN	B	0.2%
BRX	B	0.2%
VOYA	B	0.2%
RF	C	0.2%
SOFI	F	0.2%
CADE	C	0.19%
RHP	D	0.19%
AFRM	B	0.19%
WBS	D	0.18%
CACC	D	0.18%
VNO	B	0.18%
FG	D	0.18%
OZK	D	0.17%
AMP	A	0.17%
KNSL	F	0.16%
SNV	C	0.16%
GL	C	0.16%
TRNO	C	0.16%

FLDZ Underweight 29 Positions Relative to HIPS

Symbol	Grade	Weight
BXSL	B	-2.87%
PAA	C	-2.83%
BGX	B	-2.79%
JQC	A	-2.7%
EFT	A	-2.69%
JFR	A	-2.69%
SLRC	B	-2.67%
OHI	A	-2.64%
GSBD	A	-2.63%
LTC	B	-2.61%
GBDC	D	-2.6%
ARCC	C	-2.6%
FCT	D	-2.59%
FSD	A	-2.58%
FDUS	C	-2.55%
BLW	A	-2.54%
DSU	A	-2.53%
USAC	D	-2.5%
SBRA	A	-2.49%
BSM	D	-2.47%
NBB	B	-2.45%
FSK	B	-2.45%
ALX	B	-2.44%
PK	D	-2.41%
NMFC	D	-2.4%
DMLP	C	-2.37%
GTY	D	-2.31%
EPR	C	-2.08%
GNL	F	-1.81%