HIPS vs. BDCZ ETF Comparison
Comparison of Master Income ETF (HIPS) to ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041 (BDCZ)
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
$12.69
Average Daily Volume
35,576
37
BDCZ
ETRACS Wells Fargo Business Development Company Index ETN Series B due April 26, 2041
BDCZ Description
The ETRACS Wells Fargo® Business Development Company Index ETN Series B due April 26, 2041 are senior unsecured debt securities issued by UBS AG (UBS) that provide exposure to the performance of the Wells Fargo® Business Development Company Index. The index is intended to measure the performance of all business development companies listed on the NYSE or NASDAQ that satisfy specified market capitalization and other eligibility requirements. It refer to the business development companies (“BDCs”) included in the Wells Fargo® Business Development Company Index as the “index constituents.” The index is a proprietary index of Wells Fargo Securities, LLC.Grade (RS Rating)
Last Trade
$18.48
Average Daily Volume
3,114
23
Performance
| Period | HIPS | BDCZ |
|---|---|---|
| 30 Days | -0.73% | -0.13% |
| 60 Days | -0.66% | -0.01% |
| 90 Days | 1.80% | 2.21% |
| 12 Months | 16.48% | 13.96% |
HIPS Overweight 30 Positions Relative to BDCZ
| Symbol | Grade | Weight | |
|---|---|---|---|
| LTC | A | 2.86% | |
| BGX | C | 2.8% | |
| JQC | A | 2.76% | |
| JFR | A | 2.72% | |
| FCT | A | 2.67% | |
| SBRA | B | 2.67% | |
| BXSL | B | 2.65% | |
| ALX | D | 2.65% | |
| GTY | C | 2.65% | |
| OHI | B | 2.65% | |
| BLW | A | 2.64% | |
| EFT | A | 2.62% | |
| GLPI | D | 2.6% | |
| ET | A | 2.59% | |
| NBB | C | 2.57% | |
| DSU | A | 2.53% | |
| EPD | A | 2.52% | |
| KRP | B | 2.5% | |
| DMLP | A | 2.49% | |
| MPLX | A | 2.49% | |
| WES | D | 2.47% | |
| EPR | D | 2.46% | |
| CQP | A | 2.44% | |
| PAA | D | 2.43% | |
| NNN | D | 2.41% | |
| USAC | F | 2.37% | |
| BSM | D | 2.35% | |
| PK | F | 2.32% | |
| NHS | D | 2.08% | |
| GNL | D | 2.02% |
HIPS: Top Represented Industries & Keywords
BDCZ: Top Represented Industries & Keywords
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