GHMS vs. HIPS ETF Comparison

Comparison of Goose Hollow Multi-Strategy Income ETF (GHMS) to Master Income ETF (HIPS)

GHMS

Goose Hollow Multi-Strategy Income ETF

GHMS Description

The fund is an actively managed exchange traded fund ("ETF") that seeks to achieve its investment objective by investing in a combination of fixed income ETFs ("underlying funds"). The underlying funds in which the fund invests each primarily invest in (1) corporate bonds of U.S. and foreign issuers (2) U.S. and foreign government securities, and (3) agency and mortgage-backed securities.

Grade (RS Rating)

Last Trade

$25.54

Average Daily Volume

658

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

$12.78

Average Daily Volume

21,222

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GHMS	HIPS
30 Days	-1.16%	1.84%
60 Days	-1.36%	2.83%
90 Days	-0.99%	5.60%
12 Months		22.56%

0 Overlapping Holdings

	Symbol	Grade	Weight in GHMS	Weight in HIPS	Overlap

GHMS Overweight 10 Positions Relative to HIPS

Symbol	Grade	Weight
WIP	D	16.06%
TFLO	A	14.93%
VGSH	A	14.79%
PFFV	C	10.13%
VMBS	C	10.01%
BNDX	A	7.48%
SABA	B	4.81%
JPST	B	3.97%
EDD	C	3.34%
AGNCP	A	2.23%

GHMS Underweight 36 Positions Relative to HIPS

Symbol	Grade	Weight
WES	A	-3.12%
PAA	B	-2.94%
ET	A	-2.92%
BXSL	B	-2.91%
MPLX	A	-2.83%
GBDC	B	-2.75%
BGX	A	-2.73%
JQC	A	-2.69%
JFR	A	-2.67%
EPD	B	-2.67%
GSBD	A	-2.66%
EFT	A	-2.65%
FCT	A	-2.62%
USAC	D	-2.61%
BSM	B	-2.6%
PK	D	-2.6%
ARCC	A	-2.58%
SLRC	A	-2.56%
LTC	A	-2.56%
ALX	B	-2.55%
SBRA	A	-2.53%
DSU	B	-2.51%
FDUS	B	-2.5%
DMLP	D	-2.49%
OHI	B	-2.48%
BLW	C	-2.47%
FSD	A	-2.47%
CQP	C	-2.47%
NMFC	B	-2.44%
NNN	B	-2.43%
FSK	B	-2.4%
GTY	B	-2.37%
NBB	D	-2.33%
GLPI	D	-2.22%
EPR	C	-2.11%
GNL	D	-1.78%

GHMS: Top Represented Industries & Keywords

Industries: REIT - Mortgage