HIPS vs. PCEF ETF Comparison
Comparison of Master Income ETF (HIPS) to PowerShares CEF Income Composite Portfolio (PCEF)
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
$13.06
Average Daily Volume
31,473
37
PCEF
PowerShares CEF Income Composite Portfolio
PCEF Description
The PowerShares CEF Income Composite Portfolio (Fund) is based on the S-Network Composite Closed-End Fund IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities of funds included in the Index. The Fund is a "fund of funds," as it invests its assets in the common shares of funds included in the Index rather than in individual securities. The Index currently includes closed-end funds that invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities and others utilize an equity option writing (selling) strategy. The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$19.40
Average Daily Volume
105,654
103
Performance
| Period | HIPS | PCEF |
|---|---|---|
| 30 Days | 2.25% | -0.63% |
| 60 Days | 1.38% | 0.39% |
| 90 Days | 3.36% | 3.17% |
| 12 Months | 19.42% | 21.69% |
HIPS Overweight 28 Positions Relative to PCEF
| Symbol | Grade | Weight | |
|---|---|---|---|
| LTC | B | 2.79% | |
| ARCC | A | 2.72% | |
| ET | A | 2.68% | |
| SLRC | A | 2.66% | |
| FSK | A | 2.65% | |
| EPD | A | 2.64% | |
| FDUS | A | 2.62% | |
| BXSL | A | 2.62% | |
| MPLX | A | 2.6% | |
| DMLP | A | 2.6% | |
| GTY | A | 2.59% | |
| CQP | B | 2.56% | |
| GBDC | B | 2.55% | |
| KRP | B | 2.53% | |
| ALX | D | 2.49% | |
| PAA | B | 2.48% | |
| SBRA | B | 2.48% | |
| WES | C | 2.48% | |
| GLPI | C | 2.48% | |
| OHI | C | 2.46% | |
| USAC | B | 2.44% | |
| BSM | B | 2.44% | |
| PK | D | 2.41% | |
| EPR | D | 2.28% | |
| NMFC | D | 2.26% | |
| GSBD | F | 2.2% | |
| NNN | C | 2.18% | |
| GNL | D | 1.83% |
HIPS Underweight 94 Positions Relative to PCEF
| Symbol | Grade | Weight | |
|---|---|---|---|
| EXG | C | -4.37% | |
| BIGZ | A | -3.13% | |
| BMEZ | D | -2.98% | |
| JPC | A | -2.95% | |
| BSTZ | B | -2.87% | |
| ETY | B | -2.8% | |
| BDJ | B | -2.68% | |
| BCAT | A | -2.49% | |
| BXMX | A | -2.45% | |
| ETV | A | -2.44% | |
| NFJ | B | -2.33% | |
| QQQX | B | -2.18% | |
| BST | B | -1.91% | |
| ETW | B | -1.73% | |
| EVV | C | -1.68% | |
| BTZ | D | -1.5% | |
| EOS | A | -1.44% | |
| CII | B | -1.43% | |
| FPF | D | -1.33% | |
| HTD | A | -1.32% | |
| PDO | C | -1.32% | |
| HYT | A | -1.27% | |
| BOE | B | -1.24% | |
| HFRO | F | -1.21% | |
| FFC | D | -1.2% | |
| BBN | D | -1.17% | |
| DSL | C | -1.16% | |
| AWF | D | -1.08% | |
| DIAX | A | -1.04% | |
| WIW | C | -1.0% | |
| BGY | D | -0.99% | |
| EOI | A | -0.97% | |
| ETJ | B | -0.91% | |
| LDP | C | -0.88% | |
| EMD | C | -0.84% | |
| BME | D | -0.83% | |
| PDT | C | -0.73% | |
| IGD | A | -0.71% | |
| PHK | B | -0.68% | |
| NPFD | A | -0.68% | |
| BGR | A | -0.67% | |
| DFP | D | -0.66% | |
| ETB | A | -0.64% | |
| PCN | A | -0.61% | |
| EAD | C | -0.59% | |
| BIT | C | -0.57% | |
| HIO | C | -0.55% | |
| PFN | B | -0.55% | |
| BUI | D | -0.54% | |
| ISD | C | -0.53% | |
| VVR | D | -0.51% | |
| FRA | A | -0.5% | |
| BHK | D | -0.5% | |
| EDD | D | -0.5% | |
| FFA | A | -0.49% | |
| PPT | D | -0.49% | |
| STK | A | -0.48% | |
| HIX | A | -0.47% | |
| SPXX | A | -0.47% | |
| BGH | B | -0.46% | |
| JGH | B | -0.45% | |
| ERC | C | -0.41% | |
| EOD | C | -0.4% | |
| MCR | D | -0.4% | |
| HPS | D | -0.4% | |
| MMT | D | -0.39% | |
| EFR | A | -0.39% | |
| FTF | C | -0.39% | |
| MCI | A | -0.39% | |
| HPI | D | -0.38% | |
| TEI | D | -0.37% | |
| MIN | C | -0.36% | |
| PSF | D | -0.35% | |
| GBAB | D | -0.34% | |
| PHT | C | -0.34% | |
| PCF | A | -0.33% | |
| DHY | A | -0.32% | |
| HPF | D | -0.32% | |
| DHF | A | -0.31% | |
| FLC | D | -0.29% | |
| PFL | C | -0.29% | |
| IDE | A | -0.28% | |
| BGT | B | -0.27% | |
| DBL | D | -0.24% | |
| TSI | D | -0.24% | |
| IGA | A | -0.24% | |
| HEQ | C | -0.24% | |
| HYB | A | -0.19% | |
| EHI | C | -0.18% | |
| VBF | D | -0.18% | |
| MSD | D | -0.17% | |
| EVG | C | -0.15% | |
| CIK | D | -0.14% | |
| PHD | A | -0.14% |
HIPS: Top Represented Industries & Keywords
PCEF: Top Represented Industries & Keywords
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