HIPS vs. DIV ETF Comparison

Comparison of Master Income ETF (HIPS) to Global X Super Dividend ETF (DIV)

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

$13.10

Average Daily Volume

31,472

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DIV

Global X Super Dividend ETF

DIV Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the INDXX SuperDividendTM U.S. Low Volatility Index. The fund invests at least 80% of its total assets in the securities of the underlying index. It also invests at least 80% of its total assets in dividend yielding U.S. securities. The underlying index tracks the performance of 50 equally weighted common stocks, MLPs and REITs that rank among the highest dividend yielding equity securities in the United States, as defined by INDXX, LLC. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$19.09

Average Daily Volume

145,669

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HIPS	DIV
30 Days	2.93%	3.28%
60 Days	1.80%	4.36%
90 Days	2.88%	5.58%
12 Months	19.87%	24.10%

6 Overlapping Holdings

Symbol	Grade	Weight in HIPS	Weight in DIV	Overlap
ALX	D	2.49%	1.82%	1.82%
GLPI	C	2.48%	2.02%	2.02%
LTC	B	2.79%	2.29%	2.29%
MPLX	A	2.6%	2.23%	2.23%
OHI	C	2.46%	2.41%	2.41%
USAC	B	2.44%	1.78%	1.78%

HIPS Overweight 31 Positions Relative to DIV

Symbol	Grade	Weight
BGX	A	2.79%
JQC	A	2.78%
JFR	A	2.75%
ARCC	A	2.72%
ET	A	2.68%
SLRC	A	2.66%
FSK	A	2.65%
EFT	A	2.64%
EPD	A	2.64%
FCT	A	2.63%
FDUS	A	2.62%
BXSL	A	2.62%
BLW	C	2.6%
DMLP	A	2.6%
GTY	A	2.59%
CQP	B	2.56%
GBDC	D	2.55%
NBB	D	2.54%
KRP	B	2.53%
DSU	A	2.52%
PAA	B	2.48%
SBRA	C	2.48%
WES	C	2.48%
BSM	B	2.44%
PK	C	2.41%
EPR	C	2.28%
NMFC	D	2.26%
GSBD	F	2.2%
NNN	C	2.18%
NHS	D	2.02%
GNL	F	1.83%

HIPS Underweight 42 Positions Relative to DIV

Symbol	Grade	Weight
VIRT	A	-3.96%
IP	A	-3.01%
KMI	A	-2.95%
SR	A	-2.88%
NHI	D	-2.75%
PM	B	-2.68%
MO	A	-2.59%
T	A	-2.47%
OGE	A	-2.38%
D	C	-2.32%
DUK	C	-2.28%
CBL	B	-2.21%
AGR	A	-2.14%
NWE	B	-2.11%
NWN	A	-2.1%
IBM	C	-2.09%
AVA	A	-2.09%
DEA	D	-2.04%
TFSL	A	-2.03%
UVV	B	-2.01%
EBF	F	-1.99%
GLP	A	-1.98%
CTRA	B	-1.95%
CCOI	B	-1.92%
UHT	D	-1.92%
WEN	D	-1.9%
WLKP	A	-1.89%
VZ	C	-1.89%
ABBV	F	-1.79%
PFE	F	-1.78%
KHC	F	-1.73%
CAPL	C	-1.73%
SPH	C	-1.63%
LYB	F	-1.59%
WU	F	-1.55%
SFL	D	-1.54%
CHRD	D	-1.52%
DOW	F	-1.52%
CHCT	C	-1.29%
BRY	F	-1.24%
ARLP	A	-1.16%
FRO	D	-0.7%